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Nonprofit · EIN 59-0747276

STATE CHARTERED CREDIT UNIONS IN FLORIDA

Also known as 131 UNIVERSITY CREDIT UNION

Tax-exempt · MIAMI, FL 33186

Financials

$9.6M$8.6M2023$10M$9.1M2024
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$9,990,658$9,118,413$872,245$238,682,530$226,198,919$12,483,611
December 31, 2023990$9,626,124$8,608,806$1,017,318$255,503,563$244,391,690$11,111,873
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,268,651
Investment income
$3,722,007
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$953,528
Other salaries and wages
$1,394,668
Salaries, compensation and benefits (total)
$2,773,467
Professional fundraising fees
$0
Legal fees
$29,799
Accounting fees
$83,007
Occupancy
$748,935
Travel
$3,823
Depreciation
$42,079

Balance sheet and other

Total assets, start of year
$255,503,563
Total assets, end of year
$238,682,530
Total liabilities, end of year
$226,198,919
Net assets, end of year
$12,483,611
Land, buildings and equipment
$8,983,623
Publicly traded securities
$67,283,513
Gross unrelated business income
$32,288
Gross receipts
$9,990,658
Employees
66
Volunteers
10
Year formed
1947
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
ALBERT E ROSEPRESIDENT/CEO
Officer
40$519,563$33,366
RICCARDO FRANCOISAVP LENDING
Key employee
40$206,656$10,056
ERIC J HOSKINSEVP/CIO
Officer
40$171,091$12,795
JOHAN MOLINAAVP ACCOUNTING
Highest-paid employee
40$108,900$11,285
SCOTT INGOLDBOARD CHAIRMAN
Trustee or director, Officer
5$0$0
BENJAMIN SALZVICE CHAIR
Trustee or director, Officer
5$0$0
HUMBERTO SPEZIANITREASURER
Trustee or director, Officer
5$0$0
REMBERTO SANCHEZSECRETARY
Trustee or director, Officer
5$0$0
ROBERT BURNSBOARD MEMBER
Trustee or director
5$0$0
THOMAS SANTOROBOARD MEMBER
Trustee or director
5$0$0
ALEX COLLINSBOARD MEMBER
Trustee or director
5$0$0
NICOE ARZABOARD MEMBER
Trustee or director
5$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
ALBERT E ROSEPRESIDENT/CEO (5/1/2023- 12/31/2023)
Officer
40$255,757$141,490
ERIC J HOSKINSEVP/CIO
Officer
40$197,364$15,376
MICHAEL J WELCH SRPRESIDENT/CEO (1/1/2023 - 4/30/2023)
Officer
40$185,997$16,416
RICCARDO FRANCOISAVP LENDING
Highest-paid employee
40$133,278$11,083
JOHAN MOLINAAVP ACCOUNTING
Officer
40$86,116$9,942
REMBERTO SANCHEZSECRETARY
Trustee or director
5$0$0
HUMBERTO SPEZIANITREASURER
Trustee or director
5$0$0
BENJAMIN SALZVICE CHAIRMAN
Trustee or director
5$0$0
DR SCOTT INGOLDCHAIRMAN
Trustee or director
5$0$0
BOB BURNSBOARD MEMBER
Trustee or director
5$0$0
THOMAS SANTOROBOARD MEMBER
Trustee or director
5$0$0
NICHOLAS DICIACCOBOARD MEMBER
Trustee or director
5$0$0
ALEX COLLINSBOARD MEMBER
Trustee or director
5$0$0
ANTHONY MUSTOASSOCIATE BOARD MEMBER
Trustee or director
5$0$0
KATHIE ALEXANDERASSOCIATE BOARD MEMBER
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
13241 SW 136TH ST, MIAMI, FL 33186-5822
In care of
% MICHAEL J WELCH PRES CEO
Principal officer (990 for 2024)
ALBERT E ROSE, 13241 SW 136TH STREET, MIAMI, FL 33186
Signed the 990
ERIC J HOSKINS, EVP/CIO
Phone
(786) 425-5000
Return prepared by
MAULDIN & JENKINS LLC

Mission

TO BE THE FINANCIAL INSTITUTION OF CHOICE IN THE COMMUNITIES WE SERVE WHILE EXPANDING OUR FIELD OF MEMBERSHIP AND GROWING OUR MEMBER BASE.

990 for the year ended December 31, 2024

Program accomplishments

  • INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. THE ORGANIZATION HAD 15,331 MEMBERS DURING 2024.

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
59-0747276
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
Assets (IRS master file)
$238,682,530
Income (IRS master file)
$9,990,658

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,990,658$9,118,413$238,682,530XML
990December 2023$9,626,124$8,608,806$255,503,563XML
990December 2022$8,027,074$7,256,462$261,583,999IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 59-0747276).

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 59-0747276.
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 ALBERT E ROSE.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $519,563 (ALBERT E ROSE, 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 $9,990,658, expenses of $9,118,413 and total assets of $238,682,530 at year end.

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