Nonprofit · EIN 59-0709646
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as WE FLOIRDA FINANCIAL
Tax-exempt · MARGATE, FL 33063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $49,820,888 | $52,749,535 | -$2,928,647 | $744,150,701 | $698,732,655 | $45,418,046 |
| December 31, 2023 | 990 | $44,325,216 | $44,310,893 | $14,323 | $814,232,438 | $763,949,830 | $50,282,608 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $33,132,567
- Investment income
- $7,664,453
- Net gain from sales of assets
- $3,748,557
- Other revenue
- $9,023,868
Expenses
- Grants and similar amounts paid
- $10,509
- Compensation of officers, directors and key employees
- $1,989,768
- Other salaries and wages
- $8,686,745
- Salaries, compensation and benefits (total)
- $13,078,561
- Professional fundraising fees
- $0
- Legal fees
- $416,522
- Accounting fees
- $236,196
- Occupancy
- $1,180,162
- Travel
- $16,447
- Depreciation
- $891,332
Balance sheet and other
- Total assets, start of year
- $814,232,438
- Total assets, end of year
- $744,150,701
- Total liabilities, end of year
- $698,732,655
- Net assets, end of year
- $45,418,046
- Land, buildings and equipment
- $12,514,790
- Publicly traded securities
- $72,222,336
- Gross unrelated business income
- $22,743
- Gross receipts
- $51,756,387
- Employees
- 149
- Volunteers
- 7
- Year formed
- 1952
- 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 |
|---|---|---|---|---|
| ROBERT RAMIREZ | FORMER CEO & PRESIDENT Former | 40 | $785,539 | $27,013 |
| WILLIAM SPEARMAN | PRESIDENT & CEO Officer | 40 | $338,569 | $39,830 |
| DAN CLEMENS | CHIEF OPERATIONS OFFICER Officer | 40 | $274,662 | $8,866 |
| AARON GUTFREUND | VP MARKETING Highest-paid employee | 40 | $223,750 | $36,469 |
| JACK KENNEY | CHIEF FINANCIAL OFFICER Officer | 40 | $238,050 | $22,055 |
| RACHEL SCHAMING | CHIEF OF HUMAN RESOURCES Officer | 40 | $236,500 | $18,683 |
| JEROME RYAN | VP OF IT & SECURITY Highest-paid employee | 40 | $215,002 | $18,306 |
| DANIEL BASS | VP LENDING Highest-paid employee | 40 | $193,370 | $24,374 |
| THOMAS SMITH | VP ACCOUNTING & CONTROLLER Highest-paid employee | 40 | $183,750 | $19,047 |
| JARED WRIGHT | AVP MEMBER SOLUTIONS Highest-paid employee | 40 | $184,105 | $17,206 |
| MARY ANN LAROCK | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| INGRID FILS | VICE-CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| HENRY PRIOR | TREASURER/SECRETARY Trustee or director | 1 | $0 | $0 |
| MACK MACVICAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDY JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEATRIZ DALE | DIRECTOR Trustee or director | 1 | $0 |
| ED VERRET | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT RAMIREZ | CEO & PRESIDENT Officer | 40 | $592,678 | $38,147 |
| WILLIAM SPEARMAN | CHIEF LENDING OFFICER Key employee | 40 | $268,669 | $36,723 |
| JEROME RYAN | VP OF IT & SECURITY Highest-paid employee | 40 | $272,341 | $15,589 |
| PEDRO DIAZ | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 40 | $249,463 | $34,915 |
| RACHEL SCHAMING | CHIEF OF HUMAN RESOURCES Officer | 40 | $247,000 | $19,150 |
| DAN CLEMENS | CHIEF STRATEGY OFFICER Key employee | 40 | $252,633 | $8,637 |
| AARON GUTFREUND | VP MARKETING Highest-paid employee | 40 | $209,530 | $29,132 |
| DANIEL BASS | VP LENDING Highest-paid employee | 40 | $197,819 | $23,490 |
| JACK KENNEY | CHIEF FINANCIAL OFFICER Officer | 40 | $197,669 | $13,901 |
| JARED WRIGHT | AVP MEMBER SOLUTIONS Highest-paid employee | 40 | $180,154 | $25,443 |
| BARBARA PAINE | VP SUPPORT OPERATIONS Highest-paid employee | 40 | $185,441 | $19,239 |
| INGRID FILS | VICE-CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MARY ANN LAROCK | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MACK MACVICAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY PRIOR | TREASURER/SECRETARY Trustee or director | 1 | $0 | $0 |
| BEATRIZ DALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIE ELIANOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDY JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1982 N STATE ROAD 7, MARGATE, FL 33063-5710
- In care of
- % LLOYD E GILL PRESIDENT CEO
- Principal officer (990 for 2024)
- WILLIAM SPEARMAN, 9560 PINES BLVD, PEMBROKE PINES, FL 33024
- Signed the 990
- WILLIAM SPEARMAN, PRESIDENT/CEO
- Phone
- (954) 522-2705
- Website
- WWW.WEFLORIDAFINANCIAL.COM
- Return prepared by
- WARREN AVERETT LLC
Mission
THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT REASONABLE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN 46 COUNTIES IN FLORIDA. THE TOTAL NUMBER OF MEMBERS IS IIN EXCESS OF 44,200.
Program accomplishments
- THE CREDIT UNION PROVIDES ITS MEMBERS WITH A SELECTION OF INSURED DEPOSIT PRODUCTS THAT ENCOURAGE THRIFT. THE PRODUCTS ARE DESIGNED FOR BOTH SMALL AND MEDIUM SAVERS.
- THE CREDIT UNION PROVIDES LOW COST LOANS THAT HELP MEMBERS IMPROVE THEIR LIVES. THE PRODUCTS INCLUDE SMALL UNSECURED LOANS UP TO MORTGAGE LOANS.
- THE CREDIT UNION PROVIDES MEMBERS ACCESS TO BOTH MANUAL CHECK AND CASH TRANSACTION SERVICES ALONG WITH ELECTRONIC TYPE SERVICES, SUCH AS FUNDS TRANSFERS, ACH, DEBIT, ATM, ETC.
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
- 59-0709646
- 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)
- $744,150,701
- Income (IRS master file)
- $51,756,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $49,820,888 | $52,749,535 | $744,150,701 | XML |
| 990 | December 2023 | $44,325,216 | $44,310,893 | $814,232,438 | XML |
| 990 | December 2022 | $42,283,714 | $34,944,125 | $752,616,950 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 59-0709646).
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 59-0709646.
- 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 WILLIAM SPEARMAN.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2024 lists 17 people; 10 received compensation from the organization, the highest $785,539 (ROBERT RAMIREZ, FORMER 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 $49,820,888, expenses of $52,749,535 and total assets of $744,150,701 at year end.
Other nonprofits in MARGATE
- GENESIS CHRISTIAN ACADEMY INC EIN 83-1098163 · last filed 990 for 2025
- RIVERSIDE SCIENCE INC EIN 26-1453559 · last filed 990 for 2025
- FELLOWSHIP RECOVERY COMMUNITY ORGANIZATION INC EIN 03-0566838 · last filed 990 for 2024
- DENOVO INC EIN 61-1757919 · last filed 990 for 2025
- CATS EXCLUSIVE INC EIN 59-2212954 · last filed 990 for 2025
- HAITI CHRISTIAN DEVELOPMENT FUND EIN 64-0650807 · last filed 990 for 2025
- KCM KIDZ EIN 85-1442683 · last filed 990 for 2025
- UFAR ANIMALS RESCUE CORP EIN 88-2206701 · last filed 990 for 2024