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Nonprofit · EIN 59-0687423

STATE CHARTERED CREDIT UNIONS IN FLORIDA

Also known as FIRST COMMERCE CREDIT UNION

Tax-exempt · TALLAHASSEE, FL 32317

Financials

$61M$55.1M2023$70.2M$65.1M2024
Revenue Expenses · by fiscal year end
Financials of STATE CHARTERED CREDIT UNIONS IN FLORIDA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$70,159,818$65,081,415$5,078,403$1,096,207,913$1,013,859,315$82,348,598
December 31, 2023990$60,956,938$55,069,957$5,886,981$1,069,625,273$992,291,738$77,333,535
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$450,000
of which government grants
$450,000
Program service revenue
$60,727,289
Investment income
$8,006,228
Net gain from sales of assets
$70,463
Other revenue
$976,301

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$3,035,902
Other salaries and wages
$10,825,543
Salaries, compensation and benefits (total)
$17,347,574
Professional fundraising fees
$0
Legal fees
$216,123
Accounting fees
$292,200
Occupancy
$916,799
Travel
$220,364
Depreciation
$2,581,006

Balance sheet and other

Total assets, start of year
$1,069,625,273
Total assets, end of year
$1,096,207,913
Total liabilities, end of year
$1,013,859,315
Net assets, end of year
$82,348,598
Land, buildings and equipment
$38,698,629
Publicly traded securities
$105,614,502
Gross unrelated business income
$124,538
Gross receipts
$70,375,930
Employees
270
Volunteers
12
Year formed
1940
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.

NameTitleHours / weekCompensationOther / benefits
CECILIA D HOMISONCEO
Officer
40$1,193,923$28,200
DENNIS G ADAMSSENIOR EXECUTIVE VICE PRESIDENT
Officer
40$445,037$18,899
KIMBERLY S HOWESCHIEF VISIONARY OFFICER
Key employee
40$310,682$15,610
JUSTIN HOFCHIEF INFORMATION & LENDING OFFICER
Key employee
40$286,053$23,914
ANGELA TERHUNECFO
Officer
40$251,944$31,063
BARBARA WILLIAMS-ANDERSONTHOMAS COUNTY MARKET EXECUTIVE
Highest-paid employee
40$221,039$24,672
JOY SANDERSCOO
Key employee
40$177,268$45,577
AMY K GROFFCHIEF PEOPLE OFFICER
Key employee
40$202,910$1,934
STEVEN REYNOLDSVICE PRESIDENT OF BUSINESS SERVICES
Highest-paid employee
40$167,223$12,110
WARREN SUMNERDIRECTOR OF LENDING
Highest-paid employee
40$163,951$12,138
CHRISTOPHER EPPESDIRECTOR OF IT
Highest-paid employee
40$147,373$20,017
ALLEN BURKESDIRECTOR OF RISK MANAGEMENT
Highest-paid employee
40$140,713$14,952
SHONDA KNIGHTBOD DIRECTOR
Trustee or director
1$1,648$0
CASEY STOUTAMIREBOD DIRECTOR
Trustee or director
1$1,240$0
ALAN NEUBAUERBOD CHAIRPERSON
Trustee or director
1$0$0
4 more people on this return
NameTitleHours / weekCompensation
KATHY ARRANTBOD TREASURER
Trustee or director
1$0
JOHN GRAYSONBOD SECRETARY
Trustee or director
1$0
JARED ROSSBOD DIRECTOR
Trustee or director
1$0
CANITA PETERSONBOD VICE CHAIRPERSON
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
CECILIA D HOMISONCEO
Officer
40$661,240$32,600
DENNIS G ADAMSSENIOR EXECUTIVE VICE PRES
Officer
40$392,391$31,866
KIMBERLY S HOWESCOO
Key employee
40$291,533$15,886
JUSTIN HOFCHIEF INFORMATION OFFICER
Key employee
40$269,630$18,228
AMY K GROFFCHIEF PEOPLE OFFICER
Key employee
40$224,546$73
ANGELA TERHUNECFO
Officer
40$201,655$19,660
MARY B ESTESEXECUTIVE VICE PRESIDENT
Key employee
40$213,093$2,480
BARBARA WILLIAMS-ANDERSONMARKET EXECUTIVE
Highest-paid employee
40$186,464$16,304
STEVEN REYNOLDSVICE PRESIDENT OF BUSINESS
Highest-paid employee
40$163,595$21,593
JOY SANDERSVICE PRESIDENT OF MEMBER S
Highest-paid employee
40$158,607$26,335
WILMA T WOOTENCONTROLLER
Highest-paid employee
40$162,872$16,663
WARREN SUMNERDIRECTOR OF LENDING
Highest-paid employee
40$157,185$21,940
ALAN NEUBAUERBOD CHAIRPERSON
Trustee or director
1$0$0
KATHY ARRANTBOD TREASURER
Trustee or director
1$0$0
SHONDA KNIGHTBOD DIRECTOR
Trustee or director
1$0$0
JOHN GRAYSONBOD SECRETARY
Trustee or director
1$0$0
JERRY OSTERYOUNGBOD DIRECTOR
Trustee or director
1$0$0
CANITA PETERSONBOD VICE CHAIRPERSON
Trustee or director
1$0$0
CASEY STOUTAMIREBOD DIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2073 SUMMIT LAKE DR STE 100, TALLAHASSEE, FL 32317-7949
In care of
% CECILIA HOMISON CEO
Principal officer (990 for 2024)
CECILIA HOMISON, 2073 SUMMIT LAKE DRIVE SUITE 100, TALLAHASSEE, FL 32317
Signed the 990
ANGELA TERHUNE, CFO
Phone
(850) 488-0035
Return prepared by
DOEREN MAYHEW

Mission

TO BE OUR MEMBERS' FINANCIAL PARTNERS FOR LIFE.

990 for the year ended December 31, 2024

Program accomplishments

  • TALLAHASSEE'S #1 AUTO LENDING PROGRAM FOR OVER A DECADE. FIRST COMMERCE HAS EARNED THE TITLE OF TALLAHASSEE'S NUMBER ONE AUTO LENDER YEAR AFTER YEAR. THIS TITLE HAS BEEN CONSISTENTLY EARNED BECAUSE THE CREDIT UNION OFFERS A RANGE OF AUTO LOAN CHOICES FOR ALMOST EVERY BUDGET AND CREDIT LEVEL. FIRST COMMERCE'S FLEXIBLE TERMS AND COMPETITIVE RATES ALLOW MEMBERS TO PURCHASE THE VEHICLE THEY NEED AT A MONTHLY PAYMENT THEY CAN AFFORD.
  • 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.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-0687423
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
Assets (IRS master file)
$1,096,207,913
Income (IRS master file)
$70,375,930

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$70,159,818$65,081,415$1,096,207,913IRS
990December 2023$60,956,938$55,069,957$1,069,625,273XML
990December 2022$49,452,473$41,095,263$1,014,264,212IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 59-0687423).

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 59-0687423.
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 December 2024.
Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 names CECILIA HOMISON.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 lists 19 people; 14 received compensation from the organization, the highest $1,193,923 (CECILIA D HOMISON, CEO).
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 $70,159,818, expenses of $65,081,415 and total assets of $1,096,207,913 at year end.

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