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EIN 59-0690962

State Chartered Credit Unions in Florida Power Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
162
City
Pembroke Pines
State
Florida
Year formed
1951
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Power Financial Credit Union offers a world of valuable membership benefits. Their members are smart consumers who thrive, grow, and achieve using their products and services to meet their life’s goals and dreams.
Related structure
State Chartered Credit Unions in Florida Power Financial Credit Union is child organization, under the parent exemption from State Charter Credit Unions in Florida Group Return.
Also known as...
Power Financial Credit Union Power Financial Credit Union; Power Financial Credit Union
Total revenues
$40,879,257
2023
Total expenses
$27,152,457
2023
Total assets
$878,503,924
2023
Num. employees
162
2023

Program areas at State Chartered Credit Unions in Florida Power Financial Credit Union

Interests and dividends paid to members on their share accounts, money market accounts, and certificates of deposit. Interest is paid at market rates.
Office expenses and data processing expenses necessary to support member account and loan activities by providing members access to their accounts and services provided by the Credit Union.
Employee labor and benefits costs incurred to support savings services, loan originations, and servicing the loan portfolio for its members.

Grants made by State Chartered Credit Unions in Florida Power Financial Credit Union

GranteeGrant descriptionAmount
Big Brothers Big Sisters of Miami InstituteTo Support the Organization's Mission To Inspire Children's Passions and Encourage Them To Achieve Success in Life.$67,972

Personnel at State Chartered Credit Unions in Florida Power Financial Credit Union

NameTitleCompensation
Allan PrindlePresident and Chief Executive Officer$1,028,473
Wanda FerrerChief Financial Officer$250,629
Michelle DiazChief Information Officer$264,261
Alicia QuevedoChief Membership Officer$186,134
Claire BergguistChief Talent and Knowledge O$206,094
...and 11 more key personnel

Financials for State Chartered Credit Unions in Florida Power Financial Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$35,119,819
Investment income and dividends$5,785,192
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-25,754
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$40,879,257

Form 990s for State Chartered Credit Unions in Florida Power Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-07990View PDF
2022-122023-09-15990View PDF
2021-122022-09-06990View PDF
2020-122021-10-06990View PDF
2019-122021-06-30990View PDF
...and 10 more Form 990s
Data update history
November 12, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 7, 2023
Updated personnel
Identified 2 new personnel
October 25, 2023
Used new vendors
Identified 2 new vendors, including , and
August 24, 2023
Updated personnel
Identified 3 new personnel
July 4, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelCommunity engagement / volunteering
General information
Address
2020 NW 150th Ave
Pembroke Pines, FL 33028
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Broward County, FL
Website URL
powerfi.org/ 
Phone
(800) 548-5465
Twitter profile
@powerficu 
IRS details
EIN
59-0690962
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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