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Nonprofit · EIN 59-1009534

STATE CHARTERED CREDIT UNIONS IN FLORIDA

Also known as LOYALTY CREDIT UNION

Tax-exempt · PENSACOLA, FL 32505

Financials

$20.3M$18M2023$20.2M$19.5M2024
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$20,238,769$19,526,002$712,767$288,824,452$259,353,971$29,470,481
December 31, 2023990$20,293,417$18,022,991$2,270,426$300,751,390$272,718,331$28,033,059
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,000
Program service revenue
$16,190,113
Investment income
$4,043,656
Net gain from sales of assets
-$248,033
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$1,132,702
Other salaries and wages
$4,506,888
Salaries, compensation and benefits (total)
$6,842,687
Professional fundraising fees
$0
Legal fees
$258,305
Accounting fees
$72,000
Occupancy
$657,752
Travel
$128,862
Depreciation
$595,723

Balance sheet and other

Total assets, start of year
$300,751,390
Total assets, end of year
$288,824,452
Total liabilities, end of year
$259,353,971
Net assets, end of year
$29,470,481
Land, buildings and equipment
$15,559,648
Publicly traded securities
$70,009,161
Gross unrelated business income
$24,315
Gross receipts
$21,153,568
Employees
90
Volunteers
9
Year formed
1962
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
ROBERT PARK BROOMECEO/PRESIDENT
Officer
40$229,194$21,890
LISA MILLER FORMERLY BROWNCEO/PRESIDENT
Officer
40$237,987$0
ELIZABETH OAKESCHIEF OPERATIONS OFFICER
Officer
40$189,022$15,931
JOSHUA JACKSONCHIEF FINANCIAL OFFICER
Officer
40$186,046$13,093
HENRY KNUECHIEF LENDING OFFICER
Officer
40$147,101$12,171
GARY TODD CUNNINGHAMVP OF BOARD GOVERNANCE
Highest-paid employee
40$130,992$12,691
TAMULA SMITHVP OF SUPPORT SERVICES
Highest-paid employee
40$117,759$23,565
MARGARET CONAGHANVP/COMPLIANCE
Highest-paid employee
40$121,404$13,057
TERESA LOYVP/ LENDING
Highest-paid employee
40$126,240$5,887
JESSICA HERRINGVP OF REMOTE SERVICES
Highest-paid employee
40$106,874$3,950
WILLIAM FRITHINTERIM CEO/PRESIDENT
Officer
20$80,267$0
JOHN COECHAIRPERSON
Trustee or director
0.5$0$0
JUANITA ASHLEYDIRECTOR
Trustee or director
0.5$0$0
JAMES DANNY GILMANTREASURER
Trustee or director
0.5$0$0
STEPHANIE CLAPPVICE CHAIRPERSON
Trustee or director
0.5$0$0
3 more people on this return
NameTitleHours / weekCompensation
DUSTIN DANIELSDIRECTOR
Trustee or director
0.5$0
TRACEY GOLAYSECRETARY
Trustee or director
0.5$0
CHIP SIMMONSDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
LISA BROWNCEO
Officer
40$304,984$14,936
ROBERT PARK BROOMECHIEF STRATEGY OFFICER
Officer
40$154,375$6,889
ELIZABETH OAKESCHIEF OPERATIONS OFFICER
Officer
40$137,625$3,432
JOSHUA JACKSONCHIEF FINANCIAL OFFICER
Officer
40$124,791$0
MARGARET CONAGHANVP/COMPLIANCE
Highest-paid employee
40$107,706$10,906
TERESA LOYVP/ LENDING
Highest-paid employee
40$112,284$4,515
GARY TODD CUNNINGHAMCHIEF OF STAFF
Officer
40$84,691$6,790
JOHN COECHAIRPERSON
Trustee or director
10$0$0
JUANITA ASHLEYDIRECTOR
Trustee or director
10$0$0
JAMES DANNY GILMANTREASURER
Trustee or director
10$0$0
STEPHANIE CLAPPVICE CHAIRPERSON
Trustee or director
10$0$0
DUSTIN DANIELSDIRECTOR
Trustee or director
10$0$0
TRACEY GOLAYSECRETARY
Trustee or director
10$0$0
CHIP SIMMONSDIRECTOR
Trustee or director
10$0$0

Address and contacts

Address (IRS master file)
6200 N W ST, PENSACOLA, FL 32505-1903
In care of
% ROBERT PARK BROOME
Principal officer (990 for 2024)
ROBERT PARK BROOME, 6200 NORTH W ST, PENSACOLA, FL 325051918
Signed the 990
JOSHUA JACKSON, CFO
Phone
(850) 474-0970
Return prepared by
DOEREN MAYHEW

Mission

WE WILL SERVE THE NEEDS OF OUR MEMBERS BEYOND THEIR EXPECTATIONS. WE STRIVE TO ASSIST OUR MEMBERS WITH ALL OF THEIR FINANCIAL NEEDS AND PROVIDE SERVICE BEYOND THEIR EXPECTATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.

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
59-1009534
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)
$288,824,452
Income (IRS master file)
$21,153,568

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,238,769$19,526,002$288,824,452XML
990December 2023$20,293,417$18,022,991$300,751,390XML
990December 2022$13,329,944$12,329,524$308,952,965IRS
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 59-1009534).

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 59-1009534.
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 ROBERT PARK BROOME.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 lists 18 people; 11 received compensation from the organization, the highest $229,194 (ROBERT PARK BROOME, 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 $20,238,769, expenses of $19,526,002 and total assets of $288,824,452 at year end.

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