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Employer Identification Number 59-0690962

POWER FINANCIAL CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:POWER FINANCIAL CREDIT UNION
Employer identification number (EIN):59-0690962
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration POWER FINANCIAL CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementPOWER FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT FOR PROFIT, FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS AT RATES GENERALLY BETTER THAN FROM OTHER BANKING SOURCES.
Number of Employees158
Number of Volunteers12
Year Formed1951

Organization Governance

Legal DomicileFL
Voting Members - Governing Body12
Voting Members - Independent12

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 45,615
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 35,119,819
Program Service Revenue from current yearUSD $ 38,412,130
Investment Income from prior yearUSD $ 5,759,438
Investment Income from current yearUSD $ 5,437,155
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 397,378
Gross receipts from all sourcesUSD $ 44,319,411
Net assets / fund balances at end of fiscal yearUSD $ 113,775,520
Net assets / fund balances at beginning of fiscal yearUSD $ 100,361,420
Total liabilities at end of fiscal yearUSD $ 755,599,513
Total liabilities at beginning of fiscal yearUSD $ 778,142,504
Total assets at end of fiscal yearUSD $ 869,375,033
Total assets at beginning of fiscal yearUSD $ 878,503,924
Revenues less expenses for current yearUSD $ 10,929,893
Revenues less expenses for previous yearUSD $ 13,726,800
Total expenses for current yearUSD $ 33,316,770
Total expenses for previous yearUSD $ 27,152,457
Other expenses in current yearUSD $ 20,329,796
Other expenses in previous yearUSD $ 14,277,807
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,971,974
Employee salary and benefits paid in previous yearUSD $ 12,800,278
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,000
Grants and similar amounts paid in previous yearUSD $ 74,372
Total revenue in current fiscal yearUSD $ 44,246,663
Total revenue in previous fiscal yearUSD $ 40,879,257
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2023-12-31
Total unrelated business incomeUSD $ 59,621
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 28,096,020
Program Service Revenue from current yearUSD $ 35,119,819
Investment Income from prior yearUSD $ 4,403,523
Investment Income from current yearUSD $ 5,759,438
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 41,000,804
Net assets / fund balances at end of fiscal yearUSD $ 100,361,420
Net assets / fund balances at beginning of fiscal yearUSD $ 81,910,751
Total liabilities at end of fiscal yearUSD $ 778,142,504
Total liabilities at beginning of fiscal yearUSD $ 810,338,667
Total assets at end of fiscal yearUSD $ 878,503,924
Total assets at beginning of fiscal yearUSD $ 892,249,418
Revenues less expenses for current yearUSD $ 13,726,800
Revenues less expenses for previous yearUSD $ 8,099,699
Total expenses for current yearUSD $ 27,152,457
Total expenses for previous yearUSD $ 24,399,844
Other expenses in current yearUSD $ 14,277,807
Other expenses in previous yearUSD $ 12,531,411
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,800,278
Employee salary and benefits paid in previous yearUSD $ 11,719,433
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 74,372
Grants and similar amounts paid in previous yearUSD $ 149,000
Total revenue in current fiscal yearUSD $ 40,879,257
Total revenue in previous fiscal yearUSD $ 32,499,543
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-12-31
Total unrelated business incomeUSD $ 58,998
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 26,557,701
Program Service Revenue from current yearUSD $ 28,096,020
Investment Income from prior yearUSD $ 1,118,095
Investment Income from current yearUSD $ 4,403,523
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 33,421,766
Net assets / fund balances at end of fiscal yearUSD $ 81,910,751
Net assets / fund balances at beginning of fiscal yearUSD $ 87,499,309
Total liabilities at end of fiscal yearUSD $ 810,338,667
Total liabilities at beginning of fiscal yearUSD $ 842,926,822
Total assets at end of fiscal yearUSD $ 892,249,418
Total assets at beginning of fiscal yearUSD $ 930,426,131
Revenues less expenses for current yearUSD $ 8,099,699
Revenues less expenses for previous yearUSD $ 5,931,538
Total expenses for current yearUSD $ 24,399,844
Total expenses for previous yearUSD $ 21,744,258
Other expenses in current yearUSD $ 12,531,411
Other expenses in previous yearUSD $ 10,503,534
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,719,433
Employee salary and benefits paid in previous yearUSD $ 11,159,734
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 149,000
Grants and similar amounts paid in previous yearUSD $ 80,990
Total revenue in current fiscal yearUSD $ 32,499,543
Total revenue in previous fiscal yearUSD $ 27,675,796
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 60,355
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 30,126,799
Program Service Revenue from current yearUSD $ 26,557,701
Investment Income from prior yearUSD $ 1,930,686
Investment Income from current yearUSD $ 1,118,095
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 38,451,129
Net assets / fund balances at end of fiscal yearUSD $ 87,499,309
Net assets / fund balances at beginning of fiscal yearUSD $ 78,993,796
Total liabilities at end of fiscal yearUSD $ 842,926,822
Total liabilities at beginning of fiscal yearUSD $ 797,120,189
Total assets at end of fiscal yearUSD $ 930,426,131
Total assets at beginning of fiscal yearUSD $ 876,113,985
Revenues less expenses for current yearUSD $ 5,931,538
Revenues less expenses for previous yearUSD $ 5,594,202
Total expenses for current yearUSD $ 21,744,258
Total expenses for previous yearUSD $ 26,463,283
Other expenses in current yearUSD $ 10,503,534
Other expenses in previous yearUSD $ 14,203,616
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,159,734
Employee salary and benefits paid in previous yearUSD $ 12,249,667
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 80,990
Grants and similar amounts paid in previous yearUSD $ 10,000
Total revenue in current fiscal yearUSD $ 27,675,796
Total revenue in previous fiscal yearUSD $ 32,057,485
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 47,168
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 24,876,889
Program Service Revenue from current yearUSD $ 30,126,799
Investment Income from prior yearUSD $ 3,445,820
Investment Income from current yearUSD $ 1,930,686
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 35,856,730
Net assets / fund balances at end of fiscal yearUSD $ 78,993,796
Net assets / fund balances at beginning of fiscal yearUSD $ 74,289,924
Total liabilities at end of fiscal yearUSD $ 797,120,189
Total liabilities at beginning of fiscal yearUSD $ 766,012,819
Total assets at end of fiscal yearUSD $ 876,113,985
Total assets at beginning of fiscal yearUSD $ 840,302,743
Revenues less expenses for current yearUSD $ 5,594,202
Revenues less expenses for previous yearUSD $ 4,785,741
Total expenses for current yearUSD $ 26,463,283
Total expenses for previous yearUSD $ 23,536,968
Other expenses in current yearUSD $ 14,203,616
Other expenses in previous yearUSD $ 12,390,956
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,249,667
Employee salary and benefits paid in previous yearUSD $ 11,146,012
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 10,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 32,057,485
Total revenue in previous fiscal yearUSD $ 28,322,709
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 155,701
Program Service Revenue from prior yearUSD $ 24,126,218
Program Service Revenue from current yearUSD $ 24,876,889
Investment Income from prior yearUSD $ 2,369,604
Investment Income from current yearUSD $ 3,445,820
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 33,922,268
Net assets / fund balances at end of fiscal yearUSD $ 74,289,924
Net assets / fund balances at beginning of fiscal yearUSD $ 70,878,860
Total liabilities at end of fiscal yearUSD $ 766,012,819
Total liabilities at beginning of fiscal yearUSD $ 583,770,958
Total assets at end of fiscal yearUSD $ 840,302,743
Total assets at beginning of fiscal yearUSD $ 654,649,818
Revenues less expenses for current yearUSD $ 4,785,741
Revenues less expenses for previous yearUSD $ 3,977,872
Total expenses for current yearUSD $ 23,536,968
Total expenses for previous yearUSD $ 22,517,950
Other expenses in current yearUSD $ 12,390,956
Other expenses in previous yearUSD $ 11,451,624
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,146,012
Employee salary and benefits paid in previous yearUSD $ 11,066,326
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 28,322,709
Total revenue in previous fiscal yearUSD $ 26,495,822
Contributions and grants from current yearUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 65,790
Program Service Revenue from prior yearUSD $ 21,774,441
Program Service Revenue from current yearUSD $ 24,126,218
Investment Income from prior yearUSD $ 2,405,563
Investment Income from current yearUSD $ 2,369,604
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 26,977,420
Net assets / fund balances at end of fiscal yearUSD $ 70,878,860
Net assets / fund balances at beginning of fiscal yearUSD $ 65,821,241
Total liabilities at end of fiscal yearUSD $ 583,770,958
Total liabilities at beginning of fiscal yearUSD $ 579,424,641
Total assets at end of fiscal yearUSD $ 654,649,818
Total assets at beginning of fiscal yearUSD $ 645,245,882
Revenues less expenses for current yearUSD $ 3,977,872
Revenues less expenses for previous yearUSD $ 3,052,483
Total expenses for current yearUSD $ 22,517,950
Total expenses for previous yearUSD $ 21,127,521
Other expenses in current yearUSD $ 11,451,624
Other expenses in previous yearUSD $ 11,079,574
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,066,326
Employee salary and benefits paid in previous yearUSD $ 10,047,947
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 26,495,822
Total revenue in previous fiscal yearUSD $ 24,180,004
Contributions and grants from current yearUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 74,358
Net unrelated business incomeUSD $ -31,686
Program Service Revenue from prior yearUSD $ 19,884,579
Program Service Revenue from current yearUSD $ 21,774,441
Investment Income from prior yearUSD $ 1,561,438
Investment Income from current yearUSD $ 2,405,563
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 24,441,572
Net assets / fund balances at end of fiscal yearUSD $ 65,821,241
Net assets / fund balances at beginning of fiscal yearUSD $ 62,482,507
Total liabilities at end of fiscal yearUSD $ 579,424,641
Total liabilities at beginning of fiscal yearUSD $ 552,571,948
Total assets at end of fiscal yearUSD $ 645,245,882
Total assets at beginning of fiscal yearUSD $ 615,054,455
Revenues less expenses for current yearUSD $ 3,052,483
Revenues less expenses for previous yearUSD $ 1,651,946
Total expenses for current yearUSD $ 21,127,521
Total expenses for previous yearUSD $ 19,794,071
Other expenses in current yearUSD $ 11,079,574
Other expenses in previous yearUSD $ 9,724,708
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 10,047,947
Employee salary and benefits paid in previous yearUSD $ 10,069,363
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 24,180,004
Total revenue in previous fiscal yearUSD $ 21,446,017
Contributions and grants from current yearUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 72,702
Net unrelated business incomeUSD $ -30,435
Program Service Revenue from prior yearUSD $ 18,836,510
Program Service Revenue from current yearUSD $ 19,884,579
Investment Income from prior yearUSD $ 1,618,233
Investment Income from current yearUSD $ 1,561,438
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 21,455,943
Net assets / fund balances at end of fiscal yearUSD $ 62,482,507
Net assets / fund balances at beginning of fiscal yearUSD $ 57,135,300
Total liabilities at end of fiscal yearUSD $ 552,571,948
Total liabilities at beginning of fiscal yearUSD $ 481,048,900
Total assets at end of fiscal yearUSD $ 615,054,455
Total assets at beginning of fiscal yearUSD $ 538,184,200
Revenues less expenses for current yearUSD $ 1,651,946
Revenues less expenses for previous yearUSD $ 2,000,577
Total expenses for current yearUSD $ 19,794,071
Total expenses for previous yearUSD $ 18,454,166
Other expenses in current yearUSD $ 9,724,708
Other expenses in previous yearUSD $ 8,959,825
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 10,069,363
Employee salary and benefits paid in previous yearUSD $ 9,494,341
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 21,446,017
Total revenue in previous fiscal yearUSD $ 20,454,743
Contributions and grants from current yearUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 65,421
Net unrelated business incomeUSD $ -36,944
Program Service Revenue from prior yearUSD $ 18,140,840
Program Service Revenue from current yearUSD $ 18,836,510
Investment Income from prior yearUSD $ 1,685,518
Investment Income from current yearUSD $ 1,618,233
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 20,473,726
Net assets / fund balances at end of fiscal yearUSD $ 57,135,300
Net assets / fund balances at beginning of fiscal yearUSD $ 56,352,112
Total liabilities at end of fiscal yearUSD $ 481,048,900
Total liabilities at beginning of fiscal yearUSD $ 456,484,953
Total assets at end of fiscal yearUSD $ 538,184,200
Total assets at beginning of fiscal yearUSD $ 512,837,065
Revenues less expenses for current yearUSD $ 2,000,577
Revenues less expenses for previous yearUSD $ 1,152,255
Total expenses for current yearUSD $ 18,454,166
Total expenses for previous yearUSD $ 18,674,103
Other expenses in current yearUSD $ 8,959,825
Other expenses in previous yearUSD $ 9,000,759
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 9,494,341
Employee salary and benefits paid in previous yearUSD $ 9,673,344
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 20,454,743
Total revenue in previous fiscal yearUSD $ 19,826,358
Contributions and grants from current yearUSD $ 0
2014-12-31
Total unrelated business incomeUSD $ 75,940
Net unrelated business incomeUSD $ -28,812
Program Service Revenue from prior yearUSD $ 19,423,080
Program Service Revenue from current yearUSD $ 18,140,840
Investment Income from prior yearUSD $ 1,192,260
Investment Income from current yearUSD $ 1,685,518
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 19,872,833
Net assets / fund balances at end of fiscal yearUSD $ 56,352,112
Net assets / fund balances at beginning of fiscal yearUSD $ 54,684,118
Total liabilities at end of fiscal yearUSD $ 456,484,953
Total liabilities at beginning of fiscal yearUSD $ 450,477,926
Total assets at end of fiscal yearUSD $ 512,837,065
Total assets at beginning of fiscal yearUSD $ 505,162,044
Revenues less expenses for current yearUSD $ 1,152,255
Revenues less expenses for previous yearUSD $ 1,349,155
Total expenses for current yearUSD $ 18,674,103
Total expenses for previous yearUSD $ 19,266,185
Other expenses in current yearUSD $ 9,000,759
Other expenses in previous yearUSD $ 8,969,697
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 9,673,344
Employee salary and benefits paid in previous yearUSD $ 10,296,488
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 19,826,358
Total revenue in previous fiscal yearUSD $ 20,615,340
Contributions and grants from current yearUSD $ 0

Other Company Names associated with EIN

STATE CHARTERED CREDIT UNIONS IN FLORIDA

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 590690962

USA Mailing Address
2020 N.W. 150TH AVENUE
PEMBROKE PINES
FL
33028
Date first seen: 2008-01-01
Date last seen: 2025-12-04
USA Location Address
2020 NW 150 AVE
PEMBROKE PINES
FL
33028
Date first seen: 2008-01-01
Date last seen: 2025-07-31
USA Mailing Address
2020 NW 150TH AVENUE
PEMBROKE PINES
FL
33028
Date first seen: 2008-01-01
Date last seen: 2025-11-24

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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