Nonprofit · EIN 59-0359710
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as 5 MIAMI POSTAL SERVICE CREDIT UNION
Tax-exempt · MIAMI, FL 33122
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,567,481 | $13,254,972 | -$2,687,491 | $187,573,957 | $171,703,419 | $15,870,538 |
| December 31, 2024 | 990 | $8,559,280 | $10,483,658 | -$1,924,378 | $182,802,242 | $165,565,015 | $17,237,227 |
| December 31, 2023 | 990 | $10,563,563 | $9,149,522 | $1,414,041 | $188,967,760 | $170,811,953 | $18,155,807 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $156,693
- of which government grants
- $156,693
- Program service revenue
- $9,562,874
- Investment income
- $1,779,834
- Other revenue
- -$931,920
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $201,425
- Other salaries and wages
- $2,436,307
- Salaries, compensation and benefits (total)
- $3,193,184
- Professional fundraising fees
- $0
- Legal fees
- $45,285
- Accounting fees
- $389,872
- Occupancy
- $199,173
- Travel
- $22,559
- Depreciation
- $91,907
- Program services (functional)
- $13,254,972
Balance sheet and other
- Total assets, start of year
- $182,802,242
- Total assets, end of year
- $187,573,957
- Total liabilities, end of year
- $171,703,419
- Net assets, end of year
- $15,870,538
- Land, buildings and equipment
- $168,412
- Publicly traded securities
- $36,361,141
- Gross unrelated business income
- $25,590
- Gross receipts
- $10,567,481
- Employees
- 61
- Volunteers
- 7
- Year formed
- 1928
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE PARAMORE | CEO and BOARD MEMBER Trustee or director, Officer | 40 | $201,425 |
| ANN STRICKLAND | BOARD CHAIRPERSON Trustee or director | 2 | $0 |
| GUILLERMO HERNANDEZ | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 |
| IRIS MURGADO | BOARD TREASURER Trustee or director | 2 | $0 |
| RAYMOND MAYTIN | BOARD SECRETARY Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACE REYES | RETIRED CEO Former | 40 | $237,011 |
| MICHELE PARAMORE | CEO and BOARD MEMBER Trustee or director, Officer | 40 | $113,512 |
| ANN STRICKLAND | BOARD CHAIRPERSON Trustee or director | 2 | $0 |
| GUILLERMO HERNANDEZ | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 |
| IRIS MURGADO | BOARD TREASURER Trustee or director | 2 | $0 |
| RAYMOND MAYTIN | BOARD SECRETARY Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACE REYES | CEO Officer | 40 | $251,707 |
| JENNIFER DAVID | BOARD CHAIRPERSON Trustee or director | 2 | $0 |
| ANN STRICKLAND | BOARD SECRETARY Trustee or director | 2 | $0 |
| HILDA BREWTON | BOARD TREASURER Trustee or director | 2 | $0 |
| JOSEPH MEDEIROS | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 |
| GUILLERMO HERNANDEZ | SUPERVISORY COMMITTEE MEMBER Trustee or director | 2 | $0 |
| IRIS MURGADO | SUPERVISORY COMMITTEE MEMBER Trustee or director | 2 | $0 |
| RAYMOND MAYTIN | SUPERVISORY BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2190 NW 72ND AVE, MIAMI, FL 33122-1824
- In care of
- % MICHELE PARAMORE
- Principal officer (990 for 2025)
- MICHELE PARAMORE, 2190 NW 72ND AVE, MIAMI, FL 331221824
- Signed the 990
- MICHELE PARAMORE, CEO
- Phone
- (305) 592-7733
- Return prepared by
- Ewart & Associates LLC
Mission
PROGRAMS OF CREDIT UNIONS OFFERING PERSONAL FINANCIAL SERVICES EXCLUSIVELY TO THE MEMBERS.
Program accomplishments
- PROVIDING CREDIT UNION SERVICES.Expenses $132,549,720 · revenue $10,567,481
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 | 990 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
- 59-0359710
- 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)
- $187,573,957
- Income (IRS master file)
- $10,567,481
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,567,481 | $13,254,972 | $187,573,957 | IRS |
| 990 | December 2024 | $8,559,280 | $10,483,658 | $182,802,242 | IRS |
| 990 | December 2023 | $10,563,563 | $9,149,522 | $188,967,760 | XML |
| 990 | December 2022 | $8,250,585 | $6,981,329 | $169,682,593 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 59-0359710).
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 59-0359710.
- 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 2026 (the year ending December 31, 2026) is due May 17, 2027. 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 2025.
- Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2025 names MICHELE PARAMORE.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $201,425 (MICHELE PARAMORE, CEO and BOARD MEMBER).
- How much revenue does STATE CHARTERED CREDIT UNIONS IN FLORIDA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,567,481, expenses of $13,254,972 and total assets of $187,573,957 at year end.
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