Nonprofit · EIN 59-1026659
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as 350 POMPANO BEACH CITY EMPLOYEES CU
Tax-exempt · POMPANO BEACH, FL 33060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,270,763 | $2,132,319 | $138,444 | $29,776,230 | $23,975,780 | $5,800,450 |
| December 31, 2023 | 990 | $2,228,264 | $2,008,060 | $220,204 | $30,430,640 | $24,591,997 | $5,838,643 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,909,317
- Investment income
- $247,425
- Net gain from sales of assets
- -$13,818
- Other revenue
- $114,021
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,536
- Other salaries and wages
- $371,568
- Salaries, compensation and benefits (total)
- $756,988
- Professional fundraising fees
- $0
- Accounting fees
- $102,848
- Occupancy
- $40,712
- Depreciation
- $37,964
Balance sheet and other
- Total assets, start of year
- $30,430,640
- Total assets, end of year
- $29,776,230
- Total liabilities, end of year
- $23,975,780
- Net assets, end of year
- $5,800,450
- Land, buildings and equipment
- $931,393
- Gross unrelated business income
- $34,500
- Gross receipts
- $2,284,581
- Employees
- 8
- Volunteers
- 4
- Year formed
- 1956
- 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 |
|---|---|---|---|---|
| Nanette Collette | CEO Officer, Key employee, Highest-paid employee | 40 | $160,536 | $14,117 |
| Catherine Hollingsworth | Branch Manager Highest-paid employee | 40 | $115,540 | $18,200 |
| Linda Smith | Loan Officer Highest-paid employee | 40 | $112,016 | $8,855 |
| Michael Deberry | President Trustee or director, Officer | 5 | $0 | $0 |
| Frankie Chevere | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Kerry Justice | Treasurer Trustee or director | 5 | $0 | $0 |
| Mary Pritchard | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Robert Brantley | Board Member Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANNETTE COLLETTE | CEO Highest-paid employee | 40 | $159,498 | $13,000 |
| LINDA SMITH | LOAN OFFICER Highest-paid employee | 40 | $105,334 | $10,140 |
| ROBERT BRANTLEY | BOARD AUDIT Trustee or director, Officer | 5 | $0 | $0 |
| KERRY JUSTICE | TREASURER Trustee or director | 5 | $0 | $0 |
| FRANKIE CHEVERE | VICE PRESIDE Officer | 5 | $0 | $0 |
| MIKE DEBERRY | PRESIDENT Officer | 5 | $0 | $0 |
| MARY PRITCHARD | SECRETARY Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 420 NE 19TH AVE, POMPANO BEACH, FL 33060-6546
- In care of
- % NANETTE COLLETTE
- Principal officer (990 for 2024)
- Nanette Collette, 420 NE 19th Ave, Pompano Beach, FL 330607136
- Signed the 990
- Nanette Collette, CEO
- Phone
- (954) 785-8715
- Website
- https://pbecu.com/
- Return prepared by
- LJCU Consulting
Mission
Pompano Beach Employees Credit Union is a nonprofit cooperative, financial institution organized to promote thrift and provide credit to members at better rates than those available from other sources.
Program accomplishments
- Interest is charged at market rates to members to provide revenue to pay for the cost of funds.
- Fees and charges are assessed to members for financial servicees. These feesgenerate the revenue neccessary to pay the costs to pay for these services.
- Earnings from the investments. The excess of funds received from members over the amount loaned to members, as well as accumulated surplus , is invested insecurities allowed by NCUA, and the credit union's governing documents.
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
- 59-1026659
- 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)
- $29,776,230
- Income (IRS master file)
- $2,284,581
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,270,763 | $2,132,319 | $29,776,230 | XML |
| 990 | December 2023 | $2,228,264 | $2,008,060 | $30,430,640 | XML |
| 990 | December 2022 | $1,809,184 | $1,485,697 | $30,364,295 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 59-1026659).
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 59-1026659.
- 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 Nanette Collette.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $160,536 (Nanette Collette, 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 $2,270,763, expenses of $2,132,319 and total assets of $29,776,230 at year end.
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