Nonprofit · EIN 59-1690083
STATE CHARTERED CREDIT UNIONS IN FLORIDA
Also known as 486 MADISON EDUCTN ASSC CREDT UNION
Tax-exempt · MADISON, FL 32341
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $364,206 | $324,489 | $39,717 | $7,283,442 | $6,268,566 | $1,014,876 |
| December 31, 2024 | 990 | $292,162 | $249,055 | $43,107 | $6,632,906 | $5,657,747 | $975,159 |
| December 31, 2023 | 990 | $226,510 | $216,526 | $9,984 | $6,272,374 | $5,340,322 | $932,052 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $247,346
- Investment income
- $116,860
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $44,803
- Other salaries and wages
- $51,115
- Salaries, compensation and benefits (total)
- $122,602
- Professional fundraising fees
- $0
- Occupancy
- $1,086
- Travel
- $5,143
- Program services (functional)
- $284,489
Balance sheet and other
- Total assets, start of year
- $6,632,906
- Total assets, end of year
- $7,283,442
- Total liabilities, end of year
- $6,268,566
- Net assets, end of year
- $1,014,876
- Land, buildings and equipment
- $3,411
- Gross receipts
- $364,206
- Employees
- 3
- Volunteers
- 10
- Year formed
- 1963
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gena Shiver | Manager or CEO Officer | 24 | $44,803 |
| Sandra P Kelley | Board Vice Chairperson Trustee or director | 2 | $0 |
| Catherine Honeywell | Board Member Trustee or director | 2 | $0 |
| Clyde Alexander | Board Member Trustee or director | 2 | $0 |
| Lucile B Day | Board Secretary Trustee or director | 2 | $0 |
| Shane Roland | Board Treasurer Trustee or director | 2 | $0 |
| Joseph M Akerman | Board Chairperson Trustee or director | 2 | $0 |
| Joyce C Wells | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gena Shiver | Manager or CEO Institutional trustee | 24 | $43,193 |
| Sandra P Kelley | Board Vice Chairperson Trustee or director | 2 | $0 |
| Catherine Honeywell | Board Member Trustee or director | 2 | $0 |
| Clyde Alexander | Board Member Trustee or director | 2 | $0 |
| Lucile B Day | Board Secretary Trustee or director | 2 | $0 |
| Shane Roland | Board Treasurer Trustee or director | 2 | $0 |
| Joseph M Akerman | Board Chairperson Trustee or director | 2 | $0 |
| Joyce C Wells | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gena Shiver | Manager or CEO Institutional trustee | 24 | $42,181 |
| Sandra P Kelley | Board Vice Chairperson Trustee or director | 2 | $0 |
| Edna M Ealy | Supervisory Committee Chairperson Trustee or director | 2 | $0 |
| Shirley Barfield | Supervisory Committee Member Trustee or director | 2 | $0 |
| Catherine Honeywell | Board Member Trustee or director | 2 | $0 |
| Sherly R Alderman | Supervisory Committee Member Trustee or director | 2 | $0 |
| Clyde Alexander | Board Member Trustee or director | 2 | $0 |
| Lucile B Day | Board Secretary Trustee or director | 2 | $0 |
| Shane Roland | Board Treasurer Trustee or director | 2 | $0 |
| Joseph M Akerman | Board Chairperson Trustee or director | 2 | $0 |
| Joyce C Wells | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 449, MADISON, FL 32341-0449
- In care of
- % GENA SHIVER
- Principal officer (990 for 2025)
- GENA SHIVER, PO BOX 449, MADISON, FL 323410449
- Signed the 990
- GENA SHIVER, CEO
- Phone
- (850) 973-3132
- Return prepared by
- Ewart & Associates LLC
Mission
Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive rates on loans and investments and other products and services.
Program accomplishments
- Providing financial services exclusively to credit union members.Expenses $324,489 · revenue $364,206
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 | 990 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
- 59-1690083
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1972
- 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)
- $7,283,442
- Income (IRS master file)
- $364,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $364,206 | $324,489 | $7,283,442 | IRS |
| 990 | December 2024 | $292,162 | $249,055 | $6,632,906 | XML |
| 990 | December 2023 | $226,510 | $216,526 | $6,272,374 | XML |
| 990 | December 2022 | $195,711 | $199,058 | $6,653,026 | 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 59-1690083).
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 59-1690083.
- Is STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1972.
- 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 2026 (the year ending December 31, 2026) is due May 17, 2027. 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 2025.
- Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2025 names GENA SHIVER.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $44,803 (Gena Shiver, Manager or CEO).
- How much revenue does STATE CHARTERED CREDIT UNIONS IN FLORIDA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $364,206, expenses of $324,489 and total assets of $7,283,442 at year end.
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