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 Jacksonville, Florida, registered in 1970, with $171,954,625 in FY2024 revenue. CharityIndex grades it A.
637 N Lee St, Jacksonville, FL, 32204 EIN 59-0227113 Since 1970
Revenue (FY2024)
$172.0M
▲ 15.8% vs prior year
Expenses (FY2024)
$165.1M
Net assets
$319.8M
Employees
541
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 rating23 mo reserves · +4% 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: 23 mo reserves · +4% 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
Providing financial solutions for every stage of life.
What they do
The credit union offers a variety of financial products, including mortgage, automobile, credit cards, and personal signature loans. $875,481,306 in new loans were originated during 2024 and more than $2,031,787,750 in loan balances were serviced during 2024.
Members may choose from a number of account types including regular shares, checking, money market, and retirement accounts. $2,398,307,214 in deposit accounts were maintained for 178,430 members during 2024.
Contact & location
- Address
- 637 N Lee St, Jacksonville, FL, 32204
- City
- Jacksonville
- State
- Florida
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $64.5M (FY2013) to $172.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.4BNet assets $319.8M
Operating margin
4.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.8B
Total liabilities
$2.4B
Net assets
$319.8M
Salaries & benefits
$40.8M
25% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $171,954,625▲15.8% | $165,067,965▲36.3% | $319,845,323▲4.5% | $2,752,280,661▲1.2% | 990 |
| 2023 | $148,456,017▲27.0% | $121,134,611▲45.9% | $306,007,048▲15.4% | $2,720,027,681▲7.1% | 990 |
| 2022 | $116,884,048▲23.4% | $83,054,241▲25.3% | $265,266,493▼5.6% | $2,539,695,763▲4.5% | 990 |
| 2021 | $94,716,587▲3.3% | $66,259,311▼13.2% | $281,016,275▲8.9% | $2,430,634,345▲17.3% | 990 |
| 2020 | $91,733,421▲2.0% | $76,335,983▲3.3% | $258,001,061▲8.6% | $2,071,518,749▲18.2% | 990 |
| 2019 | $89,946,257▲11.1% | $73,891,039▲24.5% | $237,661,578▲11.5% | $1,751,936,634▲6.9% | 990 |
| 2018 | $80,975,155▲11.7% | $59,349,802▼2.6% | $213,227,288▲9.8% | $1,638,435,362▲8.3% | 990 |
| 2017 | $72,461,512▲6.4% | $60,962,010▲14.8% | $194,118,656▲5.9% | $1,512,171,380▲7.9% | 990 |
| 2016 | $68,123,475▲3.6% | $53,082,383▲9.7% | $183,220,675▲9.1% | $1,401,885,967▲6.0% | 990 |
| 2015 | $65,772,483▲2.5% | $48,383,707▲0.7% | $167,872,842▲10.1% | $1,322,645,627▲5.6% | 990 |
| 2014 | $64,186,054▼0.5% | $48,070,892▼0.6% | $152,482,918▲14.2% | $1,252,383,744▲2.6% | 990 |
| 2013 | $64,518,446 | $48,376,664▼7.1% | $133,554,116▲10.3% | $1,221,185,563▲2.3% | 990 |
| 2012 | — | $52,065,337▼9.6% | $121,036,156▲17.5% | $1,193,202,133▲5.1% | 990 |
| 2011 | — | $57,572,020▼22.4% | $102,994,940▲13.0% | $1,135,649,257▲4.0% | 990 |
| 2010 | — | $74,213,618 | $91,141,525 | $1,092,269,410 | 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: John Hirabayashi — $1,969,852 (1.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Hirabayashi | Ceo/president | 40 | $1,969,852 |
| Sam Inman | Ceo/president | 40 | $1,100,712 |
| Mark Fitzmorris | Financial Advisor | 40 | $514,855 |
| Jimmy Lovelace | Chief Member Experience of | 40 | $350,263 |
| Ryan Olson | Chief Lending Officer (thru 11/24) | 40 | $317,289 |
| Melissa Thomas | Coo | 40 | $306,969 |
| Tim Simpson | Chief Information Officer | 40 | $305,045 |
| Roger Rassman | Chief Marketing Officer | 40 | $282,417 |
| Lori Smith | Chief Human Resources Offi | 40 | $279,937 |
| Zachary Toelle | Financial Advisor | 40 | $260,614 |
| Edwin Reynolds | Financial Advisor | 40 | $243,660 |
| Michael Young | Financial Advisor | 40 | $228,271 |
| Bettie Adams | Treasurer | 1 | — |
| Brenda Simmons-hutchins | Director | 1 | — |
| Elvia Williams | Director | 1 | — |
| Eva Chantelle Schart | Director | 1 | — |
| James Farah | Director | 1 | — |
| Malinda Prudencio | Chairman | 1 | — |
| Norman Bruce Doucek | Director | 1 | — |
| Ted Willich | Vice Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Auld & White Constructors Inc | Construction | $8,248,446 |
| Velera | Credit, Debit & Atm Processor | $6,165,200 |
| Wahl Media Inc | Marketing Agency | $1,711,291 |
| Visa USA | Plastics Processor | $1,690,453 |
| Q2 Software Inc | Online Banking | $1,483,731 |
Grants made · $40K in FY2024
1 grant totaling $40K in FY2024. All grants made by State Chartered Credit Unions In Florida →
| Recipient | Purpose | Amount |
|---|---|---|
| Community First Cares Foundation | To provide financial support to the foundation to fulfill its exempt purpose to promote and provide charitable giving and community investment in the areas served by the credit union. | $40,000 |
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 59-0227113, based in Jacksonville, Florida.
- What is State Chartered Credit Unions In Florida's EIN?
- State Chartered Credit Unions In Florida's Employer Identification Number (EIN) is 59-0227113.
- How much revenue does State Chartered Credit Unions In Florida report?
- State Chartered Credit Unions In Florida reported $171,954,625 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 $1,969,852, paid to John Hirabayashi (Ceo/president).
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Data for State Chartered Credit Unions In Florida (EIN 59-0227113) 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.