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← STATE CHARTERED CREDIT UNIONS OF FLORIDA

Form 990 for tax year 2024

Filed by STATE CHARTERED CREDIT UNIONS OF FLORIDA.

Totals

Total revenue
$2,044,130
Total expenses
$1,680,239
Contributions and grants received
$0
Grants paid
$1,600
Program service revenue
$1,265,693
Investment income
$778,437
Other revenue
$0
Total assets, end of year
$45,453,456
Total liabilities, end of year
$40,558,499
Net assets or fund balances, end of year
$4,894,957
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $1,099,719 · related or exempt $1,099,719

  • 2b · Program service revenue: FEE & MISCELLANEOUS IN

    total $165,974 · related or exempt $165,974

  • 3 · Investment income

    total $778,437 · related or exempt $778,437

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,600

  • 5 · Compensation of officers, directors and key employees

    total $106,940

  • 7 · Other salaries and wages

    total $447,152

  • 9 · Other employee benefits

    total $49,166

  • 10 · Payroll taxes

    total $40,633

  • 11a · Fees: management

    total $2,988

  • 11b · Fees: legal

    total $29,093

  • 11c · Fees: accounting

    total $33,827

  • 11g · Fees: other

    total $56,603

  • 12 · Advertising and promotion

    total $41,786

  • 13 · Office expenses

    total $89,473

  • 14 · Information technology

    total $215,467

  • 16 · Occupancy

    total $35,166

  • 17 · Travel

    total $16,106

  • 19 · Conferences, conventions and meetings

    total $1,067

  • 20 · Interest

    total $104,925

  • 22 · Depreciation, depletion and amortization

    total $39,809

  • 23 · Insurance

    total $40,428

  • 24a · Other expenses: VISA CARD EXPENSES

    total $127,002

  • 24b · Other expenses: ATM EXPENSES

    total $80,316

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $65,011

  • 24d · Other expenses: LOAN ORIGINATION

    total $22,288

  • 24e · All other expenses

    total $33,393

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,929 · end of year $366,787

  • 2 · Savings and temporary cash investments

    beginning of year $6,252,152 · end of year $8,544,430

  • 4 · Accounts receivable

    beginning of year $145,682 · end of year $206,726

  • 7 · Other notes and loans receivable

    beginning of year $17,630,980 · end of year $17,933,252

  • 9 · Prepaid expenses and deferred charges

    beginning of year $149,645 · end of year $125,014

  • 10a · Land, buildings and equipment: cost or other basis

    $1,349,138

  • 10b · Land, buildings and equipment: accumulated depreciation

    $904,605

  • 10c · Land, buildings and equipment, net

    beginning of year $394,647 · end of year $444,533

  • 11 · Investments: publicly traded securities

    beginning of year $19,346,447 · end of year $16,782,977

  • 12 · Investments: other securities

    beginning of year $31,000 · end of year $279,700

  • 15 · Other assets

    beginning of year $806,682 · end of year $770,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,828 · end of year $125,360

  • 25 · Other liabilities

    beginning of year $40,497,270 · end of year $40,433,139

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,531,066 · end of year $4,894,957

Mission and programs · 2024

Mission

JAX FIRE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION. OUR MISSION IS TO OFFER EXCELLENT SERVICE WITH COMPETITIVE PRICING AND TO MAINTAIN THE FINANCIAL SOUNDNESS OF THE CREDIT UNION TO ENSURE FUTURE GROWTH.

  • INTEREST ON LOANS $1,099,719

  • INVESTMENT INCOME $778,437

  • NON INTEREST INCOME $165,974

As filed on the 2024 return.

Listed in Part VII

  • Phillip Springer

    CEO

    Total calculated
    $106,940
    From this org
    $90,863
    From related orgs
    $0
    Other
    $16,077
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202502899349300505

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