COMMUNITY CREDIT UNION OF FLORIDA

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

LAURIE CAPPELLI

Phone

3216373120

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY CREDIT UNION OF FLORIDA, founded in 1953, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $64.8M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.3M, a strong 17% operating margin.

Mission

COMMUNITY CREDIT UNION OF FLORIDA IS A MEMBER-OWNED, NOT-FOR-PROFIT, FINANCIAL CO-OPERATIVE FORMED IN 1953 BY LOCAL EDUCATORS. COMMUNITY CREDIT UNION OF FLORIDA HAS GROWN TO MORE THAN 57,000 MEMBERS. COMMUNITY CREDIT UNION OF FLORIDA'S MISSION IS TO "ALWAYS IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS AND MAKE A POSITIVE DIFFERENCE IN OUR COMMUNITY."

Program Service Accomplishments

Program 1

COMMUNITY CREDIT UNION OF FLORIDA PROVIDED FINANCIAL SERVICES TO 57,000 MEMBERS AS OF 12/31/2023 AND SERVICED APPROXIMATELY 33,969 LOANS.

Program 2

COMMUNITY CREDIT UNION OF FLORIDA OFFERS FINANCIAL SERVICES TO 57,000 MEMBERS THROUGH DEPOSIT ACCOUNTS, DEBIT CARDS, MONEY ORDERS, SAFE DEPOSIT BOXES, WIRE TRANSFERS AND MANY OTHER SERVICES PROVIDED...

Program 3

INVESTMENTS ARE USED AS A MEANS OF EXTRA EARNINGS ON DEPOSITED FUNDS THAT HAVE NOT BEEN UTILIZED FOR ANY LENDING PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $182,626

Program Service Revenue $58,657,533

Investment Income $5,928,872

Other Revenue $0

TOTAL REVENUE $64,769,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,026,577

Fundraising Expenses $0

Other Expenses $37,466,909

TOTAL EXPENSES $53,493,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,769,031	$47,699,278	+0.4%
Expenses	$53,493,486	$32,792,091	+0.6%
Net Income	$11,275,545	$14,907,187	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

186

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,083,312

Total Directors

$3,301

Key Employees

$848,452

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA DALE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MOSES HARVIN	VICE CHAIR OF THE BOARD	1.00	Officer Director	$3,301	$0	$3,301
JOHNETTE GINDLING	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PLATMAN	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
SUZANNE RAINES	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE CAPPELLI	CHIEF EXECUTIVE OFFICER	50.00	Officer	$834,051	$13,416	$847,467
MARGARET HASENBECK	CHIEF FINANCIAL OFFICER	50.00	Officer	$205,898	$26,646	$232,544
LESLI DOOLEY	CHIEF OPERATING OFFICER	50.00	Key Emp	$278,259	$20,374	$298,633
DANIEL KELLEY	CHIEF EXPERIENCE OFFICER	50.00	Key Emp	$275,334	$31,005	$306,339
DAVID HILL	CHIEF INFORMATION OFFICER	50.00	Key Emp	$205,305	$38,175	$243,480
BARBARA GUNTER	VP OF HUMAN RESOURCES	50.00	Highest	$190,913	$15,349	$206,262
AMANDA BANKS	VP OF OPERATIONS	50.00	Highest	$190,557	$15,556	$206,113
MELISSA ROUNDY	VP OF LENDING	50.00	Highest	$179,772	$23,780	$203,552
KIMBERLY SEEFELD	VP OF BRANCH OPERATIONS	50.00	Highest	$179,903	$7,037	$186,940
LESLIE TIBBETTS	VP OF COMMERCIAL SERVICES	50.00	Highest	$167,198	$15,249	$182,447

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$64,769,031	$53,493,486	$1,278,730,537	$11,275,545
2022	$47,699,278	$32,792,091	$1,120,501,481	$14,907,187
2021	$43,006,441	$29,718,670	$1,021,969,331	$13,287,771
2020	$41,999,208	$36,548,358	$920,888,310	$5,450,850
2019	$42,788,484	$30,983,530	$809,920,874	$11,804,954
2018	$37,466,135	$24,386,848	$726,483,060	$13,079,287