State Chartered Credit Unions In Florida

Organization Overview

State Chartered Credit Unions In Florida, operating under the name ECU Credit Union, is located in Seminole, FL. The organization was established in 1972. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, ECU Credit Union employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. ECU Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2023, ECU Credit Union generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING CREDIT UNION SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING CREDIT UNION FINANCIAL SERVICES TO MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Susan Langley
CEO
$94,990
Kenneth O'leary
Board Vice Chairperson
$0
Leslie Brady
Board Member
$0
Steven Harris
Board Chairperson
$0
Ronald Reagan
Supervisory Committee Member
$0
Thomas W Reichert
Supervisory Committee Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$971,846
Investment income $927,806
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$11,750
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,887,902

Peer Organizations

Organization NameAssets
Alabama State Employees Credit Union
Montgomery, AL
$23,220,315
Loyalty Credit Union
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$20,293,417
Winsouth Credit Union
Gadsden, AL
$20,131,767
Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40
Decatur, GA
$17,444,196
Guardians Credit Union
West Palm Beach, FL
$15,811,179
Interstate Paper Federal Credit Union
Jesup, GA
$18,616,471
Southeastern Federal Credit Union
Valdosta, GA
$15,882,953
State Chartered Credit Unions In Florida
Pensacola, FL
$16,172,130
Mutual Savings
Birmingham, AL
$12,277,489
Fort Mcclellan Credit Union
Anniston, AL
$10,075,031
Marshland Credit Union
Brunswick, GA
$10,375,545
New Horizons Credit Union
Mobile, AL
$11,191,194
Alabama Central Credit Union
Birmingham, AL
$10,136,034
Heritage South Credit Union
Sylacauga, AL
$9,575,524
State Chartered Credit Unions In Florida
Chipley, FL
$10,944,013
Riverfall Credit Union
Tuscaloosa, AL
$8,173,855
Mygeorgia Credit Union
Gainesville, GA
$10,094,883
State Chartered Credit Unions In Florida
Miami, FL
$8,027,074
Naheola Credit Union
Pennington, AL
$9,386,778
State Chartered Credit Unions In Florida
Miami, FL
$8,250,585
Eco Credit Union
Birmingham, AL
$7,754,194
Alatrust Credit Union
Hoover, AL
$8,462,340
State Chartered Credit Unions In Florida
Jacksonville, FL
$6,857,488
State Chartered Credit Unions In Florida
Panama City, FL
$7,848,025
Tru Fi Credit Union
Macclenny, FL
$7,665,148

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