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Filing year 2024

STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION

Pembroke Pines, Florida·EIN 59-0690962·14
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 · Schedule J · 16 reported individuals · Filing year 2024

$702k
$747k
Base
$521k
Bonus
$140k
Other
$8k
Benefits
$19k
Chief Information Officer
chief information officer
$295k
$314k
Base
$226k
Bonus
$46k
Other
$1k
Benefits
$10k
Chief Financial Officer
$295k
$313k
Base
$214k
Bonus
$51k
Other
$410
Benefits
$17k
Chief Talent & Knowledge O
key employee
$244k
$259k
Base
$176k
Bonus
$37k
Other
$602
Benefits
$19k
Chief Lending Officer
key employee
$237k
$252k
Base
$173k
Bonus
$37k
Other
$420
Benefits
$17k
Chief Membership Officer
key employee
$212k
$225k
Base
$155k
Bonus
$33k
Other
$3k
Benefits
$12k
VP Controller
vice president
$205k
$218k
Base
$161k
Bonus
$22k
Other
$1k
Benefits
$12k
Sr. Comm. Lending Officer
highest compensated employee
$188k
$200k
Base
$107k
Bonus
$65k
Other
$4k
Benefits
$5k
VP Network Services
vice president
$183k
$195k
Base
$145k
Bonus
$20k
Other
$612
Benefits
$11k
Vp, Marketing
vice president
$169k
$180k
Base
$126k
Bonus
$18k
Other
$420
Benefits
$19k
Vp, IT Ops, Ba, Prog.
vice president
$168k
$178k
Base
$124k
Bonus
$18k
Other
$2k
Benefits
$17k
Director
board member
$9k
$9k
Director
board member
$7k
$7k
Chairperson of Board
board chair
$5k
$5k
Director
board member
$5k
$5k
Vice Chairperson of Board
board vice chair
$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.

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.
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