Nonprofit · EIN 59-0746906
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as SPACE COAST CREDIT UNION
Tax-exempt · MELBOURNE, FL 32940
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $516,242,984 | $467,484,089 | $48,758,895 | $8,804,691,155 | $7,914,685,415 | $890,005,740 |
| December 31, 2023 | 990 | $440,799,006 | $378,402,072 | $62,396,934 | $8,946,056,038 | $8,114,022,788 | $832,033,250 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $467,444,945
- Investment income
- $47,622,821
- Net rental income
- $14,400
- Other revenue
- $1,175,218
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,816,883
- Other salaries and wages
- $78,821,937
- Salaries, compensation and benefits (total)
- $110,912,544
- Professional fundraising fees
- $0
- Legal fees
- $1,274,524
- Accounting fees
- $600,000
- Occupancy
- $14,813,604
- Travel
- $984,699
- Depreciation
- $7,722,500
Balance sheet and other
- Total assets, start of year
- $8,946,056,038
- Total assets, end of year
- $8,804,691,155
- Total liabilities, end of year
- $7,914,685,415
- Net assets, end of year
- $890,005,740
- Land, buildings and equipment
- $103,708,191
- Publicly traded securities
- $461,476,490
- Gross unrelated business income
- $568,868
- Gross receipts
- $516,242,984
- Employees
- 1,276
- Volunteers
- 13
- 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 |
|---|---|---|---|---|
| TIMOTHY M ANTONITION | PRESIDENT/CEO Officer | 50 | $1,594,216 | $92,469 |
| LINDA HART | SVP, CHRO Officer | 50 | $1,053,704 | $27,721 |
| SHANE HOYLE | EVP/COO Officer | 50 | $670,220 | $53,210 |
| GARY PRAGER | EVP CHF STR&GWTH OFFICER Officer | 50 | $655,321 | $50,094 |
| CHRISTOPHER MATTHEWS | SVP, CARD SERVICES Highest-paid employee | 50 | $607,366 | $40,132 |
| CHAD JAENKE | SVP, CIO Officer | 50 | $585,139 | $54,925 |
| GABRIEL I ENGMAN | SVP, CFO Officer | 50 | $520,578 | $52,829 |
| TODD A WICKARD | SVP, IT OPERATIONS Key employee | 50 | $506,806 | $23,120 |
| ANTHONY M BLUNT | VP CONSUMER SALES Key employee | 50 | $424,982 | $49,829 |
| DANIEL CHIAPPONE | SVP LENDING Key employee | 50 | $398,131 | $32,078 |
| DAVID CANNING | VP, OPERATIONAL EXCELLENC Key employee | 50 | $378,949 | $46,406 |
| ALLISON L MATTESON | VP, LEARNING/DEVELOPMENT Highest-paid employee | 50 | $388,927 | $27,760 |
| PATRICK O WOOD | VP, ACCOUNTING/CONTROLLER Key employee | 50 | $362,681 | $53,035 |
| TINA L CLARK | EXPRESS MORT ORIGINATOR Highest-paid employee | 40 | $371,888 | $42,272 |
| CARMEN M TAPANES | SVP RETAIL SERVICES Key employee | 50 | $349,557 | $52,968 |
19 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JODIE R KINLEY-SMITH | VP, PRODUCT LINE MANAGER Key employee | 50 | $339,876 | $50,822 |
| KIMBERLY TYREE | VP PROCESSING Key employee | 50 | $331,920 | $55,796 |
| PETER S FREYSTAETTER | EXPRESS MORT ORIGINATOR Highest-paid employee | 40 | $331,344 | $52,188 |
| BENJAMIN T SNEAD | VP, ENTERPRISE RISK MGMT Key employee | 50 | $323,042 | $53,753 |
| DANIEL G BRYANT | VP, MEMBER SERVICE CENTER Key employee | 50 | $315,060 | $43,746 |
| ERIN E FREEMAN | VP, OPERATIONS Key employee | 50 | $311,169 | $22,962 |
| ANN M ROBERTS | VP PMNT/LOSS PREVENTION Key employee | 50 | $315,004 | $16,504 |
| DELANEY R HEDRICK | SVP, HUMAN RESOURCES Key employee | 50 | $290,743 | $40,131 |
| BEVERLY B SMITH | VP RETAIL SERVICES Highest-paid employee | 50 | $296,854 | $8,158 |
| SIRIPHONE SIRIPHANTHONG | VP, FINANCE Key employee | 50 | $208,807 | $8,580 |
| JULIE ROBBINS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| KEVIN R MCKEOWN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DESMOND ALMARALES | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| THOMAS MYERS | BOARD CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| HERBERT FISHER | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| JOHN G OERTEL | DIRECTOR Trustee or director | 3 | $0 | $0 |
| KAREN PALLADINO | VICE CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| WILLIE HOWARD JR | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DALE NEUBERT | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY M ANTONITION | PRESIDENT/CEO Officer | 50 | $1,394,242 | $86,815 |
| LINDA HART | SVP, CHRO Officer | 50 | $506,044 | $49,451 |
| HEATHER E HICKMAN | EVP/CRO Former | 50 | $484,748 | $39,690 |
| CHAD C JAENKE | SVP, CIO Officer | 50 | $493,805 | $25,155 |
| SHANE W HOYLE | SVP/COO Officer | 50 | $471,514 | $43,108 |
| GARY PRAGER | SVP CHF STR&GWTH OFFICER Officer | 50 | $469,532 | $34,570 |
| CHRISTOPHER MATTHEWS | SVP, CARD SERVICES Key employee | 50 | $397,279 | $19,904 |
| WICKARD TODD A | VP, IT OPERATIONS Key employee | 50 | $371,478 | $26,114 |
| HILARY EISBRENNER | EVP/CFO Former | 50 | $348,200 | $24,839 |
| GREGORY E DEROY | VP, MEMBER SVC CENTER Key employee | 50 | $358,907 | $12,325 |
| TINA L CLARK | EXPRESS MORT ORIGINATOR Highest-paid employee | 40 | $300,771 | $50,470 |
| PETER S FREYSTAETTER | EXPRESS MORT ORIGINATOR Highest-paid employee | 40 | $316,481 | $17,097 |
| DANIEL CHIAPPONE | VP LENDING Key employee | 50 | $301,298 | $28,103 |
| CARMEN M TAPANES | VP RETAIL SERVICES Key employee | 50 | $301,749 | $14,699 |
| ANN M ROBERTS | VP PMNT/LOSS PREVENTION Key employee | 50 | $269,506 | $45,690 |
| ENGMAN GABRIEL I | SVP, CFO Officer | 50 | $288,246 | $20,072 |
| KIMBERLY TYREE | VP CONSUMER SALES Key employee | 50 | $267,895 | $28,428 |
| BEVERLY B SMITH | VP RETAIL SERVICES Key employee | 50 | $250,735 | $45,467 |
| MATTESON ALLISON L | VP, LEARNING/DEVELOPMENT Key employee | 50 | $241,938 | $47,739 |
| SNEAD BENJAMIN T | VP, ENTERPRISE RISK MGMT Key employee | 50 | $241,219 | $48,030 |
| TOMAS D ZAPATA JR | EXPRESS MORT ORIGINATOR Highest-paid employee | 40 | $287,795 | $1,152 |
| ANTHONY M BLUNT | VP CONSUMER SALES Key employee | 50 | $241,297 | $44,370 |
| CANNING DAVID | VP, OPERATIONAL EXCELLENC Key employee | 50 | $230,451 | $29,085 |
| PERRY KANEESHA S | AVP, IT PROJECT DELIVERY Highest-paid employee | 40 | $213,556 | $40,944 |
| FREEMAN ERIN E | VP, OPERATIONS Key employee | 50 | $206,936 | $41,579 |
| BRYANT DANIEL G | VP, MEMBER SERVICE CENTER Key employee | 50 | $203,949 | $41,126 |
| KATZ MICHAEL | AVP, IT DEVELOPMENT Highest-paid employee | 40 | $205,198 | $32,115 |
| KINLEY-SMITH JODIE R | VP, PRODUCT LINE MANAGER Key employee | 50 | $170,785 | $26,384 |
| JULIE ROBBINS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| WILLIE HOWARD JR | DIRECTOR Trustee or director | 3 | $0 | $0 |
| KAREN PALLADINO | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JOHN G OERTEL | CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| DALE NEUBERT | DIRECTOR Trustee or director | 3 | $0 | $0 |
| THOMAS MYERS | VICE CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| DESMOND ALMARALES | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| HERBERT FISHER | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN R MCKEOWN | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8045 N WICKHAM RD, MELBOURNE, FL 32940-7920
- Principal officer (990 for 2024)
- SHANE HOYLE, 8045 NORTH WICKHAM ROAD, MELBOURNE, FL 32940
- Signed the 990
- GABE I ENGMAN, EVP/CFO
- Phone
- (321) 752-2222
- Website
- WWW.SCCU.COM
- Return prepared by
- WARREN AVERETT LLC
Mission
THE CREDIT UNION OPERATES AS A MEMBER-OWNED DEMOCRATICALLY CONTROLLED COOPERATIVE ORGANIZED TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT REASONABLE RATES OF INTEREST.
Program accomplishments
- DEPOSIT/SAVINGS PRODUCTS - THE CREDIT UNION PROMOTES THRIFT AND SAVINGS BY MAINTAINING A BROAD ARRAY OF DEPOSIT ACCOUNT PRODUCTS WITH LOW FEES AND HIGH INTEREST RATES.
- CONSUMER LOANS - THE CREDIT UNION CREATES LOW COST SOURCES OF CREDIT FOR THE PURPOSES OF OUR MEMBERS PURCHASING AUTOMOBILES AND OTHER RETAIL PRODUCTS AND SERVICES USED IN THEIR DAILY LIVES.
- REAL ESTATE LOANS - THE CREDIT UNION CREATES A LOW COST SOURCE OF CREDIT FOR THE PURPOSES OF OUR MEMBERS ATTAINING HOME OWNERSHIP.
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
- 59-0746906
- 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)
- $8,804,691,155
- Income (IRS master file)
- $516,242,984
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $516,242,984 | $467,484,089 | $8,804,691,155 | IRS |
| 990 | December 2023 | $440,799,006 | $378,402,072 | $8,946,056,038 | XML |
| 990 | December 2022 | $310,171,993 | $246,128,433 | $8,543,983,797 | 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 59-0746906).
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 59-0746906.
- 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 SHANE HOYLE.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2024 lists 34 people; 25 received compensation from the organization, the highest $1,594,216 (TIMOTHY M ANTONITION, 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 $516,242,984, expenses of $467,484,089 and total assets of $8,804,691,155 at year end.
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