Nonprofit · EIN 59-0227113
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as COMMUNITY FIRST CREDIT UNION OF FLO
Tax-exempt · JACKSONVILLE, FL 32204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $171,954,625 | $165,067,965 | $6,886,660 | $2,752,280,661 | $2,432,435,338 | $319,845,323 |
| December 31, 2023 | 990 | $148,456,017 | $121,134,611 | $27,321,406 | $2,720,027,681 | $2,414,020,633 | $306,007,048 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $149,872,024
- Investment income
- $18,584,045
- Net gain from sales of assets
- -$180,538
- Other revenue
- $3,498,556
Expenses
- Grants and similar amounts paid
- $40,000
- Benefits paid to members
- $39,269,428
- Compensation of officers, directors and key employees
- $4,799,060
- Other salaries and wages
- $28,695,445
- Salaries, compensation and benefits (total)
- $40,793,700
- Professional fundraising fees
- $0
- Legal fees
- $352,474
- Accounting fees
- $124,894
- Occupancy
- $3,533,331
- Travel
- $117,660
- Depreciation
- $4,332,787
Balance sheet and other
- Total assets, start of year
- $2,720,027,681
- Total assets, end of year
- $2,752,280,661
- Total liabilities, end of year
- $2,432,435,338
- Net assets, end of year
- $319,845,323
- Land, buildings and equipment
- $74,399,459
- Gross unrelated business income
- $187,784
- Gross receipts
- $174,461,900
- Employees
- 541
- Volunteers
- 13
- Year formed
- 1935
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN HIRABAYASHI | CEO/PRESIDENT Officer | 40 | $1,969,852 | $19,437 |
| SAM INMAN | CEO/PRESIDENT Officer | 40 | $1,100,712 | $39,112 |
| MARK FITZMORRIS | FINANCIAL ADVISOR Highest-paid employee | 40 | $514,855 | $57,031 |
| JIMMY LOVELACE | CHIEF MEMBER EXPERIENCE OF Key employee | 40 | $350,263 | $25,673 |
| RYAN OLSON | CHIEF LENDING OFFICER (THRU 11/24) Highest-paid employee | 40 | $317,289 | $45,239 |
| TIM SIMPSON | CHIEF INFORMATION OFFICER Key employee | 40 | $305,045 | $43,864 |
| MELISSA THOMAS | COO Key employee | 40 | $306,969 | $37,697 |
| ROGER RASSMAN | CHIEF MARKETING OFFICER Key employee | 40 | $282,417 | $25,212 |
| LORI SMITH | CHIEF HUMAN RESOURCES OFFI Key employee | 40 | $279,937 | $12,870 |
| ZACHARY TOELLE | FINANCIAL ADVISOR Highest-paid employee | 40 | $260,614 | $10,421 |
| MICHAEL YOUNG | FINANCIAL ADVISOR Highest-paid employee | 40 | $228,271 | $36,474 |
| EDWIN REYNOLDS | FINANCIAL ADVISOR Highest-paid employee | 40 | $243,660 | $2,936 |
| MALINDA PRUDENCIO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TED WILLICH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM PERMENTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETTIE ADAMS | TREASURER Trustee or director, Officer | 1 | $0 |
| NORMAN BRUCE DOUCEK | DIRECTOR Trustee or director | 1 | $0 |
| JAMES FARAH | DIRECTOR Trustee or director | 1 | $0 |
| EVA CHANTELLE SCHART | DIRECTOR Trustee or director | 1 | $0 |
| BRENDA SIMMONS-HUTCHINS | DIRECTOR Trustee or director | 1 | $0 |
| ELVIA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN HIRABAYASHI | CEO/PRESIDENT Officer | 40 | $1,048,972 | $15,952 |
| SAM INMAN | CFO Officer | 40 | $710,343 | $28,190 |
| MARK FITZMORRIS | FINANCIAL ADVISOR Highest-paid employee | 40 | $458,251 | $41,062 |
| JIMMY LOVELACE | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 40 | $336,531 | $23,727 |
| TIM SIMPSON | CHIEF INFORMATION OFFICER Key employee | 40 | $298,716 | $39,085 |
| MELISSA THOMAS | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $280,455 | $36,082 |
| RYAN OLSON | CHIEF LENDING OFFICER Key employee | 40 | $271,335 | $40,462 |
| ROGER RASSMAN | CHIEF MARKETING OFFICER Key employee | 40 | $268,498 | $23,319 |
| ZACHARY TOELLE | FINANCIAL ADVISOR Highest-paid employee | 40 | $269,767 | $2,922 |
| LORI SMITH | CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $246,844 | $12,562 |
| MIKE FRANZ | VICE PRESIDENT ACCOUNTING & FINANCE Highest-paid employee | 40 | $211,151 | $20,024 |
| CHRIS CULPEPPER | VICE PRESIDENT Highest-paid employee | 40 | $180,963 | $43,497 |
| MALINDA PRUDENCIO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TED WILLICH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM PERMENTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BETTIE ADAMS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHANTELLE SCHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE DOUECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM FARAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENDA SIMMONS-HUTCHINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELVIA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 637 N LEE ST, JACKSONVILLE, FL 32204-1141
- In care of
- % JOHN HIRABAYASHI PRES CEO
- Principal officer (990 for 2024)
- SAM INMAN, 637 NORTH LEE STREET, JACKSONVILLE, FL 32204
- Signed the 990
- KIM GAMEZ, CFO
- Phone
- (904) 354-8537
- Website
- WWW.COMMUNITYFIRSTFL.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
COMMUNITY FIRST CREDIT UNION OF FLORIDA'S MISSION IS TO PROVIDE THE HIGHEST IN QUALITY FINANCIAL SOLUTIONS FOR EVERY STAGE OF LIFE.
Program accomplishments
- INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE BASIS FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0227113
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2106: STATE CHARTER CREDIT UNIONS IN FLORIDA GROUP RETURN
- Assets (IRS master file)
- $2,752,280,661
- Income (IRS master file)
- $174,461,900
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $171,954,625 | $165,067,965 | $2,752,280,661 | XML |
| 990 | December 2023 | $148,456,017 | $121,134,611 | $2,720,027,681 | XML |
| 990 | December 2022 | $116,884,048 | $83,054,241 | $2,539,695,763 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0227113).
Questions about STATE CHARTERED CREDIT UNIONS IN FLORIDA
- What is the EIN of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN FLORIDA is 59-0227113.
- Is STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1970.
- Are donations to STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STATE CHARTERED CREDIT UNIONS IN FLORIDA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STATE CHARTERED CREDIT UNIONS IN FLORIDA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STATE CHARTERED CREDIT UNIONS IN FLORIDA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2024 names SAM INMAN.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2024 lists 21 people; 12 received compensation from the organization, the highest $1,969,852 (JOHN HIRABAYASHI, CEO/PRESIDENT).
- How much revenue does STATE CHARTERED CREDIT UNIONS IN FLORIDA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $171,954,625, expenses of $165,067,965 and total assets of $2,752,280,661 at year end.
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