Nonprofit · EIN 59-0642953
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as FIRST COAST COMMUNITY CREDIT UNION
Tax-exempt · PALATKA, FL 32177
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990 | $7,109,835 | $6,177,830 | $932,005 | $0 | $0 | $0 |
| December 31, 2024 | 990 | $7,287,547 | $5,890,464 | $1,397,083 | $146,696,091 | $128,038,774 | $18,657,317 |
| December 31, 2023 | 990 | $6,569,294 | $5,084,911 | $1,484,383 | $150,494,702 | $133,234,468 | $17,260,234 |
Financial details: 990 for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,342,688
- Investment income
- $2,767,147
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $563,609
- Other salaries and wages
- $1,353,791
- Salaries, compensation and benefits (total)
- $2,509,829
- Professional fundraising fees
- $0
- Legal fees
- $34,480
- Accounting fees
- $455,497
- Occupancy
- $141,319
- Travel
- $88,130
- Depreciation
- $234,260
Balance sheet and other
- Total assets, start of year
- $146,696,091
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross unrelated business income
- $25,972
- Gross receipts
- $7,109,835
- Employees
- 31
- Volunteers
- 7
- Year formed
- 1948
- 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 November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN LUNSFORD | CEO Officer | 40 | $649,116 | $43,099 |
| SANDRA PREVATT | EVP Officer | 40 | $589,320 | $40,792 |
| JAMES NORWOOD JR | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RUDY HOWARD | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| CANDY RIGDON | SECRETARY Trustee or director | 1 | $0 | $0 |
| CATHY MERRITT | TREASURER Trustee or director | 1 | $0 | $0 |
| LINDA OSBORNE | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| BETTY POTEET | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT REYNOLDS | BOD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN LUNSFORD | CEO Officer | 40 | $417,799 | $39,949 |
| SANDRA PREVATT | EVP Officer | 40 | $221,168 | $38,093 |
| JAMES NORWOOD JR | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RUDY HOWARD | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| CANDY RIGDON | SECRETARY Trustee or director | 1 | $0 | $0 |
| CATHY MERRITT | TREASURER Trustee or director | 1 | $0 | $0 |
| LINDA OSBORNE | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| BETTY POTEET | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT REYNOLDS | BOD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN LUNSFORD | CEO Officer | 40 | $219,243 | $60,190 |
| SANDRA PREVATT | EVP Officer | 40 | $168,113 | $49,248 |
| JAMES NORWOOD JR | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RUDY HOWARD | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| CANDY RIGDON | SECRETARY Trustee or director | 1 | $0 | $0 |
| CATHY MERRITT | TREASURER Trustee or director | 1 | $0 | $0 |
| LINDA OSBORNE | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| BETTY POTEET | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT REYNOLDS | BOD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 306 S PALM AVE, PALATKA, FL 32177-4144
- In care of
- % GRETCHEN LUNSFORD CEO
- Mailing address (990-N for 2017)
- 404 GRAND RONDO E, CRESCENT CITY FL 32112
- Principal officer (990 for 2025)
- GRETCHEN LUNSFORD, 306 SOUTH PALM AVENUE, PALATKA, FL 32177
- Principal officer (990-N for 2017)
- WILLIAM BILA, 404 GRAND RONDO E, CRESCENT CITY FL 32112
- Signed the 990
- GRETCHEN LUNSFORD, CEO
- Phone
- (386) 328-5555
- Website
- WWW.FIRSTCOASTCCU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
DELIVERING DREAMS THROUGH SIMPLIFIED FINANCIAL SERVICES.
Program accomplishments
- INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
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
- 59-0642953
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2106: STATE CHARTER CREDIT UNIONS IN FLORIDA GROUP RETURN
- Income (IRS master file)
- $7,109,835
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2025 | $7,109,835 | $6,177,830 | $0 | XML |
| 990 | December 2024 | $7,287,547 | $5,890,464 | $146,696,091 | XML |
| 990 | December 2023 | $6,569,294 | $5,084,911 | $150,494,702 | XML |
| 990 | December 2022 | $5,329,757 | $4,723,368 | $155,934,171 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: WILLIAM BILA | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 59-0642953).
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 59-0642953.
- Is STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1972.
- 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 November 2025.
- Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended November 30, 2025 names GRETCHEN LUNSFORD.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended November 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $649,116 (GRETCHEN LUNSFORD, CEO).
- How much revenue does STATE CHARTERED CREDIT UNIONS IN FLORIDA have?
- On its 990 for the year ended November 30, 2025 it reported revenue of $7,109,835, expenses of $6,177,830 and total assets of $0 at year end.
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