Nonprofit · EIN 59-0690962
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as POWER FINANCIAL CREDIT UNION
Tax-exempt · PEMBROKE PINES, FL 33028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $44,246,663 | $33,316,770 | $10,929,893 | $869,375,033 | $755,599,513 | $113,775,520 |
| December 31, 2023 | 990 | $40,879,257 | $27,152,457 | $13,726,800 | $878,503,924 | $778,142,504 | $100,361,420 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,412,130
- Investment income
- $5,437,155
- Net rental income
- $397,378
- Net gain from sales of assets
- -$51,209
- Other revenue
- $397,378
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $2,011,294
- Other salaries and wages
- $9,330,582
- Salaries, compensation and benefits (total)
- $12,971,974
- Professional fundraising fees
- $0
- Legal fees
- $179,250
- Accounting fees
- $263,200
- Occupancy
- $687,792
- Travel
- $365,858
- Depreciation
- $748,203
Balance sheet and other
- Total assets, start of year
- $878,503,924
- Total assets, end of year
- $869,375,033
- Total liabilities, end of year
- $755,599,513
- Net assets, end of year
- $113,775,520
- Land, buildings and equipment
- $13,603,678
- Publicly traded securities
- $80,917,012
- Gross unrelated business income
- $45,615
- Gross receipts
- $44,319,411
- Employees
- 161
- Volunteers
- 10
- Year formed
- 1951
- 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 |
|---|---|---|---|---|
| ALLAN PRINDLE | PRESIDENT/CEO Officer | 40 | $668,291 | $34,097 |
| MICHELLE DIAZ | CHIEF INFORMATION OFFICER Key employee | 40 | $273,313 | $21,798 |
| WANDA FERRER | CHIEF FINANCIAL OFFICER Officer | 40 | $265,528 | $29,175 |
| CLAIRE BERGGUIST | CHIEF TALENT & KNOWLEDGE O Key employee | 40 | $214,440 | $29,237 |
| LESLEY GARCIA SUAREZ | CHIEF LENDING OFFICER Key employee | 40 | $210,455 | $26,763 |
| ALICIA QUEVEDO | CHIEF MEMBERSHIP OFFICER Key employee | 40 | $191,334 | $20,692 |
| PING LUO | VP CONTROLLER Highest-paid employee | 40 | $184,279 | $20,478 |
| MARK MATTOZZI | SR. COMM. LENDING OFFICER Highest-paid employee | 40 | $175,281 | $12,734 |
| DAVID ESQUIVEL | VP NETWORK SERVICES Highest-paid employee | 40 | $166,011 | $17,316 |
| VINCENZO FIORDELISI | VP, MARKETING Highest-paid employee | 40 | $143,683 | $25,575 |
| TAYYAB PALANPURWALA | VP, IT OPS, BA, PROG. Highest-paid employee | 40 | $143,990 | $23,843 |
| GEORGE SKILLAS | DIRECTOR Trustee or director | 5 | $8,753 | $0 |
| GENE SEVILLA | DIRECTOR Trustee or director | 5 | $7,053 | $0 |
| LEMAN MURRAY | CHAIRPERSON OF BOARD Trustee or director | 5 | $5,037 | $0 |
| LESLIE MCCONACHIE | DIRECTOR Trustee or director | 5 | $4,692 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BRESLIN | VICE CHAIRPERSON OF BOARD Trustee or director | 5 | $636 |
| WENDEL SAUER | SECRETARY OF BOARD Trustee or director | 5 | $0 |
| TERRY KEITH | TREASURER OF BOARD Trustee or director | 5 | $0 |
| TONY CUBA | DIRECTOR Trustee or director | 5 | $0 |
| STEPHEN KNIGHT | DIRECTOR Trustee or director | 5 | $0 |
| JACK E PATTERSON | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLAN PRINDLE | PRESIDENT/CEO Officer | 40 | $1,028,473 | $32,295 |
| MICHELLE DIAZ | CHIEF INFORMATION OFFICER Key employee | 40 | $264,261 | $27,351 |
| WANDA FERRER | CHIEF FINANCIAL OFFICER Officer | 40 | $250,629 | $36,702 |
| CLAIRE BERGGUIST | CHIEF TALENT & KNOWLEDGE O Key employee | 40 | $206,094 | $39,879 |
| LESLEY GARCIA SUAREZ | CHIEF LENDING OFFICER Key employee | 40 | $202,731 | $36,746 |
| MARK MATTOZZI | SR. COMM. LENDING OFFICER Highest-paid employee | 40 | $203,400 | $16,197 |
| ALICIA QUEVEDO | CHIEF MEMBERSHIP OFFICER Key employee | 40 | $186,134 | $25,947 |
| PING LUO | VP CONTROLLER Highest-paid employee | 40 | $176,808 | $24,701 |
| DAVID ESQUIVEL | VP NETWORK SERVICES Highest-paid employee | 40 | $157,013 | $25,003 |
| VINCENZO FIORDELISI | VP, MARKETING Highest-paid employee | 40 | $135,820 | $29,346 |
| JAVIER SABORIO | VP, RETAIL Highest-paid employee | 40 | $132,140 | $29,775 |
| LEMAN MURRAY | CHAIRPERSON OF BOARD Trustee or director | 5 | $9,826 | $0 |
| GEORGE SKILLAS | DIRECTOR Trustee or director | 5 | $9,724 | $0 |
| JOHN BRESLIN | VICE CHAIRPERSON OF BOARD Trustee or director | 5 | $9,551 | $0 |
| GENE SEVILLA | DIRECTOR Trustee or director | 5 | $7,613 | $0 |
| LESLIE MCCONACHIE | DIRECTOR Trustee or director | 5 | $3,294 | $0 |
| TERRY KEITH | TREASURER OF BOARD Trustee or director | 5 | $2,826 | $0 |
| WENDEL SAUER | SECRETARY OF BOARD Trustee or director | 5 | $0 | $0 |
| PAT CARNEVALE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TONY CUBA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| STEPHEN KNIGHT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JACK E PATTERSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2020 NW 150 AVE, PEMBROKE PINES, FL 33028-2889
- In care of
- % ALLAN PRINDLE PRES CEO
- Principal officer (990 for 2024)
- ALLAN PRINDLE, 2020 NW 150TH AVE, PEMBROKE PINES, FL 33028
- Signed the 990
- ALLAN PRINDLE, PRESIDENT/CEO
- Phone
- (954) 538-4400
- Website
- WWW.POWERFI.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
POWER FINANCIAL CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS AT RATES GENERALLY LOWER THAN BANKS.
Program accomplishments
- INTERESTS AND DIVIDENDS PAID TO MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MARKET ACCOUNTS, AND CERTIFICATES OF DEPOSIT. INTEREST IS PAID AT MARKET RATES.
- EMPLOYEE LABOR AND BENEFITS COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICING THE LOAN PORTFOLIO FOR ITS MEMBERS.
- OFFICE EXPENSES AND DATA PROCESSING EXPENSES NECESSARY TO SUPPORT MEMBER ACCOUNT AND LOAN ACTIVITIES BY PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS AND SERVICES PROVIDED BY THE CREDIT UNION.
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
- 59-0690962
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Exempt since
- 1972
- 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)
- $869,375,033
- Income (IRS master file)
- $44,319,411
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $44,246,663 | $33,316,770 | $869,375,033 | XML |
| 990 | December 2023 | $40,879,257 | $27,152,457 | $878,503,924 | XML |
| 990 | December 2022 | $32,499,543 | $24,399,844 | $892,249,418 | 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 59-0690962).
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 59-0690962.
- Is STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1972.
- 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 ALLAN PRINDLE.
- 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; 16 received compensation from the organization, the highest $668,291 (ALLAN PRINDLE, PRESIDENT/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 $44,246,663, expenses of $33,316,770 and total assets of $869,375,033 at year end.
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