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Filing year 2024

STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION

Pembroke Pines, Florida·EIN 59-0690962·501(c)(14)
Total revenue
$44.2M
Total assets
$869.4M
Total expenses
$33.3M
Reported officers
21
Mission

POWER FINANCIAL CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS AT RATES GENERALLY LOWER THAN BANKS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$702k
$747k
Base
$521k
Bonus
$140k
Other
$8k
Benefits
$19k
Chief Information Officer
75th to 90th percentile
$295k
$314k
Base
$226k
Bonus
$46k
Other
$1k
Benefits
$10k
Chief Financial Officer
Above 90th percentile
$295k
$313k
Base
$214k
Bonus
$51k
Other
$410
Benefits
$17k
Chief Talent & Knowledge O
Key Employee
Median to 75th percentile
$244k
$259k
Base
$176k
Bonus
$37k
Other
$602
Benefits
$19k
Chief Lending Officer
Key Employee
Median to 75th percentile
$237k
$252k
Base
$173k
Bonus
$37k
Other
$420
Benefits
$17k
Chief Membership Officer
Key Employee
Median to 75th percentile
$212k
$225k
Base
$155k
Bonus
$33k
Other
$3k
Benefits
$12k
VP Controller
Controller
75th to 90th percentile
$205k
$218k
Base
$161k
Bonus
$22k
Other
$1k
Benefits
$12k
Sr. Comm. Lending Officer
Highest Compensated Employee
Median to 75th percentile
$188k
$200k
Base
$107k
Bonus
$65k
Other
$4k
Benefits
$5k
VP Network Services
Board Vice President
Median to 75th percentile
$183k
$195k
Base
$145k
Bonus
$20k
Other
$612
Benefits
$11k
Vp, Marketing
Board Vice President
Median to 75th percentile
$169k
$180k
Base
$126k
Bonus
$18k
Other
$420
Benefits
$19k
Vp, IT Ops, Ba, Prog.
Board Vice President
Median to 75th percentile
$168k
$178k
Base
$124k
Bonus
$18k
Other
$2k
Benefits
$17k
Director
Board Member
25th percentile to median
$9k
$9k
Director
Board Member
25th percentile to median
$7k
$7k
Chairperson of Board
Board Chair
10th to 25th percentile
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Vice Chairperson of Board
Board Vice Chair
Below 10th percentile
$636
$676

Teal figures restate each filed amount in 2026 dollars.

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Down 34%
from 2023

From $1.1M in 2023 to $702k in 2024.

$1.1M
2023
$702k
2024
In today's dollarsEst.
Down 36% in real terms$1.2M to $747k

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 34% from 2023 to 2024, while revenue rose 8%.

$1.1M in 2023 to $702k in 2024.
  • Chief Information Officer pay rose 1% from 2023 to 2024.
  • Chief Financial Officer pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$40.9M
$27.2M
2023
$44.2M
$33.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION

What does the Chief Executive Officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION earn?

In 2024, the Chief Executive Officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION received $702,388 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION falls in the top 10%.

What are STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION's revenue and expenses?

In 2024, STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION reported $44.2M in total revenue and $33.3M in total expenses on its IRS Form 990.

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