State Chartered Credit Unions In Florida
501(c)(14)
100% goes to programs Strong reserves Growing revenue
State Chartered Credit Unions In Florida is a 501(c)(14) organization based in Tallahassee, Florida, registered in 1972, with $70,159,818 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
2073 Summit Lake Dr Ste 100, Tallahassee, FL, 32317 EIN 59-0687423 Since 1972
Revenue (FY2024)
$70.2M
▲ 15.1% vs prior year
Expenses (FY2024)
$65.1M
Net assets
$82.3M
Employees
270
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For State Chartered Credit Unions In Florida: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +7% 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: 15 mo reserves · +7% 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 →
A+Transparency10% of the rating5 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: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide services and education to members in the framework of a financial cooperative.
What they do
First commerce offers a full range of financial products for businesses. they include lending for operating expenses, equipment, inventory, real estate, and other needs as well as business credit card offerings. deposit products from basic business checking to a full suite of treasury services are also available. fccu incorporates interest bearing accounts, time deposits, funds transfer, and digital and remote business services.
First commerce credit union offers a wide array of electronic services to members. almost 46,000 members utilize digital banking to keep track of their accounts, make transfers, make mobile deposits and pay bills. fccu's bill pay offers same day bill pay and overnight check options to provide members flexibility in how they make their payments. account-to-account transfers provide members convenient options in moving their funds. over half of our active online banking users have enrolled in mobile banking. fccu presents members and non-members with online options to open an account; apply for auto or personal loans; and apply for a mortgage.
Contact & location
- Address
- 2073 Summit Lake Dr Ste 100, Tallahassee, FL, 32317
- City
- Tallahassee
- State
- Florida
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $27.1M (FY2013) to $70.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0BNet assets $82.3M
Operating margin
7.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$1.0B
Net assets
$82.3M
Salaries & benefits
$17.3M
27% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,159,818▲15.1% | $65,081,415▲18.2% | $82,348,598▲6.5% | $1,096,207,913▲2.5% | 990 |
| 2023 | $60,956,938▲23.3% | $55,069,957▲34.0% | $77,333,535▲8.4% | $1,069,625,273▲5.5% | 990 |
| 2022 | $49,452,473▲5.5% | $41,095,263▲4.3% | $71,314,520▼14.3% | $1,014,264,212▲4.3% | 990 |
| 2021 | $46,857,921▼2.1% | $39,411,572▼11.9% | $83,224,774▲6.4% | $972,658,522▲5.8% | 990 |
| 2020 | $47,845,792▲20.8% | $44,728,914▲26.5% | $78,190,550▲4.5% | $919,350,223▲49.4% | 990 |
| 2019 | $39,613,609▲8.6% | $35,355,027▲8.3% | $74,848,756▲7.5% | $615,519,411▲1.5% | 990 |
| 2018 | $36,489,769▲9.4% | $32,657,054▲11.0% | $69,650,245▲5.0% | $606,327,093▲7.7% | 990 |
| 2017 | $33,363,330▲11.9% | $29,417,906▲11.8% | $66,309,171▲6.1% | $562,838,407▲9.8% | 990 |
| 2016 | $29,823,726▲2.2% | $26,301,448▲5.1% | $62,471,831▲5.7% | $512,717,232▲6.6% | 990 |
| 2015 | $29,191,947▲1.0% | $25,035,168▲9.4% | $59,079,377▲7.6% | $481,046,471▲10.4% | 990 |
| 2014 | $28,904,782▲6.8% | $22,884,761▼5.1% | $54,923,886▲12.4% | $435,709,840▲13.4% | 990 |
| 2013 | $27,052,884 | $24,113,988▼2.6% | $48,875,969▲9.6% | $384,271,252▲9.9% | 990 |
| 2011 | — | $24,766,674▼10.2% | $44,613,451▲5.5% | $349,618,896▲5.1% | 990 |
| 2010 | — | $27,578,905 | $42,288,480 | $332,506,216 | 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: Cecilia D Homison — $1,193,923 (1.83% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cecilia D Homison | Ceo | 40 | $1,193,923 |
| Dennis G Adams | Senior Executive Vice President | 40 | $445,037 |
| Kimberly S Howes | Chief Visionary Officer | 40 | $310,682 |
| Justin Hof | Chief Information & Lending Officer | 40 | $286,053 |
| Angela Terhune | Cfo | 40 | $251,944 |
| Barbara Williams-anderson | Thomas County Market Executive | 40 | $221,039 |
| Amy K Groff | Chief People Officer | 40 | $202,910 |
| Joy Sanders | Coo | 40 | $177,268 |
| Steven Reynolds | Vice President of Business Services | 40 | $167,223 |
| Warren Sumner | Director of Lending | 40 | $163,951 |
| Christopher Eppes | Director of It | 40 | $147,373 |
| Allen Burkes | Director of Risk Management | 40 | $140,713 |
| Shonda Knight | Bod Director | 1 | $1,648 |
| Casey Stoutamire | Bod Director | 1 | $1,240 |
| Alan Neubauer | Bod Chairperson | 1 | — |
| Canita Peterson | Bod Vice Chairperson | 1 | — |
| Jared Ross | Bod Director | 1 | — |
| John Grayson | Bod Secretary | 1 | — |
| Kathy Arrant | Bod Treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Quality Data Systems Inc | Atm Hardware, Software, and Reporting Pr | $2,812,619 |
| Fiserv | Debit Card Processor/drive Atms | $1,585,728 |
| Braid Creative & Consulting LLC | Marketing Services and Consulting | $1,289,859 |
| Mastercard | Credit Card Processor | $1,132,902 |
| Q2 Software Inc | Online Banking Provider | $879,544 |
Grants made · $56K in FY2023
1 grant totaling $56K in FY2023. All grants made by State Chartered Credit Unions In Florida →
| Recipient | Purpose | Amount |
|---|---|---|
| Fccu Foundation Inc | To assist fccu foundation inc. in carrying out its primary function of conducting virtual and in-person workshops to promote financial literacy among the members of the community and local area college students | $56,000 |
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 59-0687423, based in Tallahassee, Florida.
- What is State Chartered Credit Unions In Florida's EIN?
- State Chartered Credit Unions In Florida's Employer Identification Number (EIN) is 59-0687423.
- How much revenue does State Chartered Credit Unions In Florida report?
- State Chartered Credit Unions In Florida reported $70,159,818 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of State Chartered Credit Unions In Florida's spending goes to programs?
- State Chartered Credit Unions In Florida spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does State Chartered Credit Unions In Florida have?
- CharityIndex grades State Chartered Credit Unions In Florida A+, based on program efficiency and fundraising cost.
- 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 $1,193,923, paid to Cecilia D Homison (Ceo).
More nonprofits in Tallahassee
Explore more
Data for State Chartered Credit Unions In Florida (EIN 59-0687423) 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.