State Chartered Credit Unions In Florida
Strong reserves Growing revenue
State Chartered Credit Unions In Florida is a 501(c)(14) organization based in Rockledge, Florida, registered in 1972, with $78,734,084 in FY2024 revenue.
1030 Us Highway 1, Rockledge, FL, 32955 EIN 59-0860768 Since 1972
Revenue (FY2024)
$78.7M
▲ 21.6% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$74.3M
Net assets
$146.2M
Employees
205
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—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 rating24 mo reserves · +6% 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: 24 mo reserves · +6% 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 →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Improve members' financial well-being and make a positive difference in our community.
What they do
Community credit union of florida offers financial services to 55,000 members through deposit accounts, debit cards, money orders, safe deposit boxes, wire transfers and many other services provided to members.
Investments are used as a means of extra earnings on deposited funds that have not been utilized for any lending programs.
Contact & location
- Address
- 1030 Us Highway 1, Rockledge, FL, 32955
- City
- Rockledge
- State
- Florida
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $25.4M (FY2013) to $78.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $146.2M
Operating margin
5.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$1.2B
Net assets
$146.2M
Salaries & benefits
$17.0M
23% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $78,734,084▲21.6% | $74,320,222▲38.9% | $146,198,506▲3.9% | $1,372,263,273▲7.3% | 990 |
| 2023 | $64,769,031▲35.8% | $53,493,486▲63.1% | $140,732,420▲8.6% | $1,278,730,537▲14.1% | 990 |
| 2022 | $47,699,278▲10.9% | $32,792,091▲10.3% | $129,594,134▲13.1% | $1,120,501,481▲9.6% | 990 |
| 2021 | $43,006,441▲2.4% | $29,718,670▼18.7% | $114,624,262▲12.6% | $1,021,969,331▲11.0% | 990 |
| 2020 | $41,999,208▼1.8% | $36,548,358▲18.0% | $101,783,711▲5.4% | $920,888,310▲13.7% | 990 |
| 2019 | $42,788,484▲14.2% | $30,983,530▲27.1% | $96,541,262▲12.8% | $809,920,874▲11.5% | 990 |
| 2018 | $37,466,135▲14.2% | $24,386,848▲11.4% | $85,599,107▲16.9% | $726,483,060▲10.2% | 990 |
| 2017 | $32,799,023▲11.0% | $21,885,248▲7.2% | $73,203,321▲16.6% | $659,157,986▲11.5% | 990 |
| 2016 | $29,546,215▲9.3% | $20,422,423▼6.0% | $62,771,667▲15.3% | $591,284,233▲9.4% | 990 |
| 2015 | $27,035,402▲7.9% | $21,724,607▲2.1% | $54,453,655▲9.9% | $540,437,606▲11.2% | 990 |
| 2014 | $25,064,221▼1.2% | $21,276,771▲12.7% | $49,569,866▲7.0% | $486,218,880▲10.9% | 990 |
| 2013 | $25,357,945 | $18,882,414▲3.4% | $46,325,608▲17.8% | $438,404,390▲7.4% | 990 |
| 2012 | — | $18,255,046▼10.1% | $39,311,148▲15.6% | $408,386,714▲6.4% | 990 |
| 2011 | — | $20,314,726▼9.8% | $34,006,248▲8.1% | $383,812,722▲6.6% | 990 |
| 2010 | — | $22,511,103 | $31,448,715 | $359,966,164 | 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: Laurie Cappelli — $1,010,904 (1.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Laurie Cappelli | Chief Executive Officer | 50 | $1,010,904 |
| Lesli Dooley | Chief Operating Officer | 50 | $325,225 |
| Daniel Kelley | Chief Lending Officer | 50 | $314,673 |
| Margaret Hasenbeck | Chief Financial Officer | 50 | $249,115 |
| David Hill | Chief Information Officer | 50 | $248,933 |
| Heather Hickman | Chief Experience Officer | 50 | $242,706 |
| Amanda Banks | Vp of Operations | 50 | $205,884 |
| Kimberly Seefeld | Vp of Branch Operations | 50 | $197,839 |
| Jon Paulin | Vp of Accounting and Finance | 50 | $184,792 |
| Leslie Tibbetts | Vp of Commercial Services | 50 | $178,704 |
| Moses Harvin | Vice Chair of the Board | 1 | $1,412 |
| James Platman | Chair of the Board | 1 | — |
| Johnette Gindling | Director | 1 | — |
| Linda Dale | Secretary/treasurer | 1 | — |
| Suzanne Raines | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fis | Card Processing | $1,445,877 |
| Ncr Corporation | Online Banking | $864,624 |
| Jack Henry & Associates | Computer System | $828,575 |
| Garda World | Atm Cash Services | $512,728 |
| Meridian Link | Loan Origination System | $387,584 |
Grants made · $79K in FY2016
1 grant totaling $79K in FY2016. All grants made by State Chartered Credit Unions In Florida →
| Recipient | Purpose | Amount |
|---|---|---|
| Brevard Schools Foundation Inc | — | $79,197 |
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Compare State Chartered Credit Unions In Florida
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 59-0860768, based in Rockledge, Florida.
- What is State Chartered Credit Unions In Florida's EIN?
- State Chartered Credit Unions In Florida's Employer Identification Number (EIN) is 59-0860768.
- How much revenue does State Chartered Credit Unions In Florida report?
- State Chartered Credit Unions In Florida reported $78,734,084 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- 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 $1,010,904, paid to Laurie Cappelli (Chief Executive Officer).
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Data for State Chartered Credit Unions In Florida (EIN 59-0860768) 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.