State Chartered Credit Unions In Florida
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
State Chartered Credit Unions In Florida is a 501(c)(14) organization based in Orlando, Florida, registered in 1972, with $272,314,802 in FY2024 revenue. CharityIndex grades it A.
3087 N Alafaya Trl, Orlando, FL, 32826 EIN 11-1644012 Since 1972
Revenue (FY2024)
$272.3M
▲ 27.0% vs prior year
Expenses (FY2024)
$216.7M
Net assets
$361.2M
Employees
723
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for State Chartered Credit Unions In Florida— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For State Chartered Credit Unions In Florida: 20 mo reserves · +20% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For State Chartered Credit Unions In Florida: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For State Chartered Credit Unions In Florida: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The object and purpose of fairwinds credit union is to be a cooperative, nonprofit, association organized under the laws of the state of florida, for the purpose of encouraging thrift among its members, creating sources of credit at fair and reasonable rates of interest, and providing an opportunity for its members to use and control their resources on a democratic basis in order to improve their economic and social condition.
What they do
Fairwinds saved our members approximately $2.2 million on their 15-year mortgages in 2024 by offering 15-year mortgage loan rates that were at least 0.48% lower than rates offered by other florida banks.
Fairwinds saved our member approximately $4.9 million on their 30-year mortgages in 2024 by offering 30-year mortgage loan rates that were at least 0.61% lower than rates offered by other florida banks.
Contact & location
Financial trends
Revenue grew from $86.0M (FY2013) to $272.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.4BNet assets $361.2M
Operating margin
20.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.7B
Total liabilities
$4.4B
Net assets
$361.2M
Salaries & benefits
$72.3M
33% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $272,314,802▲27.0% | $216,671,085▲28.1% | $361,220,460▲21.2% | $4,725,516,705▲6.8% | 990 |
| 2023 | $214,504,612▲24.4% | $169,187,861▲24.3% | $297,975,695▲32.2% | $4,424,198,635▼0.8% | 990 |
| 2022 | $172,388,805▲4.7% | $136,129,682▲23.3% | $225,351,655▼35.0% | $4,460,813,071▲10.3% | 990 |
| 2021 | $164,616,807▲8.9% | $110,423,665▼18.3% | $346,952,393▲7.9% | $4,043,048,917▲17.0% | 990 |
| 2020 | $151,112,258▲3.0% | $135,095,327▲19.7% | $321,508,553▲7.4% | $3,454,197,091▲29.4% | 990 |
| 2019 | $146,664,282▲14.8% | $112,844,613▲16.3% | $299,413,472▲19.7% | $2,670,383,320▲15.1% | 990 |
| 2018 | $127,766,505▲12.4% | $97,050,305▲6.6% | $250,118,733▲11.5% | $2,319,988,714▲6.9% | 990 |
| 2017 | $113,698,643▲6.0% | $91,011,718▲3.5% | $224,355,527▲11.5% | $2,169,373,208▲4.4% | 990 |
| 2016 | $107,226,055▲12.5% | $87,965,997▲10.6% | $201,244,794▲10.6% | $2,077,252,101▲7.9% | 990 |
| 2015 | $95,316,886▲5.2% | $79,533,468▲4.9% | $181,906,330▲9.5% | $1,925,920,703▲8.4% | 990 |
| 2014 | $90,565,541▲5.3% | $75,821,112▲2.7% | $166,192,255▲19.9% | $1,776,045,359▲5.0% | 990 |
| 2013 | $85,977,311 | $73,811,145▼5.7% | $138,652,735▼8.2% | $1,691,975,559▲1.7% | 990 |
| 2012 | — | $78,244,127▼8.1% | $151,112,489▲8.0% | $1,663,532,813▲5.2% | 990 |
| 2011 | — | $85,100,596▼16.6% | $139,918,363▲9.6% | $1,581,225,202▲2.7% | 990 |
| 2010 | — | $102,080,182 | $127,702,504 | $1,539,316,641 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Larry Tobin — $4,871,981 (2.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Larry Tobin | Ceo/president | 60 | $4,871,981 |
| Kathy Chonody | Sr Evp-cfo | 60 | $1,269,396 |
| Phillip Tischer | Sr Evp-coo | 60 | $986,302 |
| Thomas Howell | Vp-financial Advisor | 60 | $932,521 |
| Charles Lai | Cio | 60 | $812,722 |
| James Adamczyk | Sr Evp-cro | 60 | $791,959 |
| Mathy Hogan | Executive Vp - Eservices | 60 | $531,928 |
| Dianne Owen | Executive Vp - Marketing | 60 | $504,343 |
| Bryan Meizinger | Executive Vp - Chief Credit Officer | 60 | $469,220 |
| Jorge M Font | Senior Vp-business Services | 60 | $402,422 |
| Lindsey Lewinter | Executive Vp - Hrm | 60 | $395,714 |
| Kimberly Wightman | Evp-finance | 60 | $376,296 |
| Thomas Baldwin III | Senior Vp-retail Banking & Wealth Management | 60 | $346,270 |
| James Thornberry | Svp - Member Experience | 60 | $329,028 |
| John Mahony | Vice Chairperson | 0.5 | $57,709 |
| Jason Albu | Treasurer | 0.5 | $45,174 |
| Elizabeth Krahmer | Chairperson | 0.5 | $39,023 |
| Richard Leigh | Secretary | 0.5 | $19,388 |
| Lisa Snead | Board Member | 0.5 | $19,219 |
| Mack Perry | Board Member | 0.5 | $14,913 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscu Financial Services Inc | Debit & Credit Card Processor | $8,876,716 |
| Visa USA Inc | Credit Card Settlement | $4,129,531 |
| Fiserv Inc | Core Computing System Provider | $2,599,653 |
| Fidelity Investments | 401k Employer Match 6% | $2,438,726 |
| Ncr Corporation | Consumer Online Banking, Atm Maintenance | $1,946,779 |
Grants made · $380K in FY2024
1 grant totaling $380K in FY2024. All grants made by State Chartered Credit Unions In Florida →
| Recipient | Purpose | Amount |
|---|---|---|
| Fairwinds Foundation Inc | To promote financial literacy and education | $379,519 |
Frequently asked questions
- Is State Chartered Credit Unions In Florida a legitimate nonprofit?
- Yes. State Chartered Credit Unions In Florida is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 11-1644012, based in Orlando, Florida.
- What is State Chartered Credit Unions In Florida's EIN?
- State Chartered Credit Unions In Florida's Employer Identification Number (EIN) is 11-1644012.
- How much revenue does State Chartered Credit Unions In Florida report?
- State Chartered Credit Unions In Florida reported $272,314,802 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does State Chartered Credit Unions In Florida have?
- CharityIndex grades State Chartered Credit Unions In Florida A, based on financial health (reserves and operating margin).
- How much does State Chartered Credit Unions In Florida's highest-paid employee make?
- The highest reported compensation on State Chartered Credit Unions In Florida's latest Form 990 is $4,871,981, paid to Larry Tobin (Ceo/president).
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Data for State Chartered Credit Unions In Florida (EIN 11-1644012) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.