STATE CHARTERED CREDIT UNIONS IN FLORIDA

EIN: 596138949

Jacksonville, FL

Total Revenue
$15,986,867
Total Expenses
$13,824,480
Total Assets
$283,072,801
Net Assets
$30,898,927
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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
1954
Legal Domicile
FL
Principal Officer
Aaron Logue
Phone
9042961292
Tax Period
2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1954, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $13.8M left a modest 14% surplus.

Mission

To provide low cost financial services and loans to members of our Select Employee Groups (SEG)

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,794,237
Investment Income $3,179,871
Other Revenue $1,012,759
TOTAL REVENUE $15,986,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,034,120
Fundraising Expenses $0
Program Expenses $13,824,480
Other Expenses $8,790,360
TOTAL EXPENSES $13,824,480

Year-over-Year Comparison

2025 2024 Change
Revenue $15,986,867 $13,230,236 +0.2%
Expenses $13,824,480 $11,579,979 +0.2%
Net Income $2,162,387 $1,650,257 +0.3%
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

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Governance

Voting Members
12
Independent Members
12
Employees
78
Volunteers
18

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
3
$657,718
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Logue President/CEO 40
Officer
$258,930 $31,337 $290,267
Ricky Joshi EVP, CFO 40
Officer
$181,939 $17,090 $199,029
Cindy Pierce-Smith EVP, COO 40
Officer
$152,946 $15,476 $168,422
Jocelyn Jones VP, Lending 40
Highest
$113,316 $12,493 $125,809
Glenn Feaster Information Technology Director 40
Highest
$115,205 $1,107 $116,312
Camille Cossa Board Chair 0
Director
$0 $0 $0
Dina Vickers Board Vice Chair 0
Director
$0 $0 $0
Lawrence Schmitt Board Treasurer 0
Director
$0 $0 $0
Mel Maycole Board Secretary 0
Director
$0 $0 $0
Jason Griggs Board Member 0
Director
$0 $0 $0
Jim Williams Board Member 0
Director
$0 $0 $0
Mary McElroy Board Member 0
Director
$0 $0 $0
David Martin Board Member 0
Director
$0 $0 $0
Joe Scott Board Member 0
Director
$0 $0 $0
Charles Ford Board Member 0
Director
$0 $0 $0
Lynette Clinch Board Member 0
Director
$0 $0 $0
Jimmy Holderfield Board Member 0
Director
$0 $0 $0
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
2025 $15,986,867 $13,824,480 $283,072,801 $2,162,387
2024 $13,230,236 $11,579,979 $280,038,487 $1,650,257
2023 $7,798,338 $7,097,534 $171,473,997 $700,804
2022 $6,857,488 $6,047,967 $177,025,338 $809,521
2021 $6,107,974 $5,789,428 $178,293,703 $318,546
2020 $6,057,219 $5,918,818 $162,289,868 $138,401
2019 $6,691,125 $6,064,169 $138,475,160 $626,956
2018 $6,431,092 $5,738,882 $130,484,037 $692,210
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