Nonprofit · EIN 59-6194363
MIDFLORIDA CREDIT UNION
Tax-exempt · LAKELAND, FL 33802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $497,221,275 | $387,467,531 | $109,753,744 | $8,142,679,220 | $7,308,614,588 | $834,064,632 |
| December 31, 2023 | 990 | $407,757,981 | $307,709,900 | $100,048,081 | $7,523,425,888 | $6,808,925,711 | $714,500,177 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $444,634,563
- Investment income
- $51,855,000
- Net rental income
- $731,712
- Net gain from sales of assets
- $107,936
- Other revenue
- $731,712
Expenses
- Grants and similar amounts paid
- $251,083
- Compensation of officers, directors and key employees
- $7,453,285
- Other salaries and wages
- $87,214,741
- Salaries, compensation and benefits (total)
- $116,238,774
- Professional fundraising fees
- $0
- Legal fees
- $389,749
- Accounting fees
- $344,100
- Occupancy
- $11,290,781
- Travel
- $1,108,079
- Depreciation
- $10,288,004
Balance sheet and other
- Total assets, start of year
- $7,524,107,627
- Total assets, end of year
- $8,142,679,220
- Total liabilities, end of year
- $7,308,614,588
- Net assets, end of year
- $834,064,632
- Land, buildings and equipment
- $214,735,842
- Publicly traded securities
- $514,372,922
- Gross unrelated business income
- $2,306,203
- Gross receipts
- $497,579,357
- Employees
- 1,695
- Volunteers
- 16
- Year formed
- 1954
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE MOSELEY | PRESIDENT/CEO Officer | 40 | $1,333,296 | $1,865,204 |
| STERLING GRUBBS | EVP/CHIEF LENDING OFFICER Key employee | 40 | $571,731 | $43,196 |
| ZELDA ABRAM | EVP/CHIEF FINANCIAL OFFICER Officer | 40 | $572,498 | $32,612 |
| CHRISTOPHER DAVID | EVP/CHIEF OPERATIONS OFFICER Key employee | 40 | $528,190 | $43,196 |
| TIMOTHY STALEY | CHIEF COMMERCIAL LENDING Key employee | 40 | $428,260 | $42,262 |
| MICHAEL CHEESEMAN | CHIEF ANALYTICS OFFICER Key employee | 40 | $374,943 | $40,194 |
| HUGH DAILEY | CEO SOUTHEAST TRUST/SPECIAL ASSET MANAGER Highest-paid employee | 34 | $368,659 | $31,758 |
| JILL DAVIS | CHIEF MARKETING OFFICER Officer | 40 | $365,017 | $29,729 |
| ACIE FORRER | SW FLORIDA MARKET PRESIDENT Highest-paid employee | 40 | $371,928 | $22,814 |
| JAMES HAGGINS | CHIEF OF COLLECTIONS Key employee | 40 | $356,805 | $31,699 |
| TIMOTHY LYSAK | CHIEF INFORMATION OFFICER Key employee | 40 | $325,618 | $32,273 |
| VANESSA HERNANDEZ | CHIEF RETAIL DELIVERY Key employee | 40 | $327,643 | $27,287 |
| CAMERON BROCK | SVPII COMMERCIAL RELATIONSHIP OFFICER Highest-paid employee | 40 | $314,749 | $30,271 |
| LORI KATZ | SVPII COMMERCIAL LOAN ADMINISTRATOR Highest-paid employee | 40 | $275,419 | $20,287 |
| DAVID BOEHLING | SVP/PRIVATE CLIENT OFFICER Highest-paid employee | 40 | $250,930 | $29,945 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN UPPERCO | BOARD MEMEBR Trustee or director | 1 | $16,960 |
| HARRY WILLIAMS | BOARD MEMBER Trustee or director | 1 | $13,979 |
| CHRISTOPHER GEIGER | BOARD CHARIPERSON Trustee or director | 1 | $12,623 |
| DAN PIERCE | BOARD SECRETARY Trustee or director | 1 | $9,183 |
| SHIRLEY PELLARCHY | BOARD MEMBER Trustee or director | 1 | $9,018 |
| GARY RUHLE | BOARD MEMBER Trustee or director | 1 | $8,472 |
| DARRELL JENSEN | BOARD MEMBER Trustee or director | 1 | $5,805 |
| CHESTER BROJEK | BOARD VICE CHAIRPERSON Trustee or director | 1 | $5,592 |
| NICK SUDZINA | BOARD TREASURER Trustee or director | 1 | $0 |
| DONALD WILLIAMS SR | BOARD MEMBER Trustee or director | 1 | $0 |
| KENNETH HEUBUSCH | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL S MOSELEY | PRESIDENTCEO Officer | 50 | $1,125,630 |
| STERLING GRUBBS | CHIEF LENDING OFFICER Officer | 50 | $501,474 |
| ZELDA V ABRAM | CFO Officer | 50 | $494,604 |
| CHRISTOPHER DAVID | COO Officer | 50 | $470,747 |
| TIMOTHY S STALEY | CHIEF COMMERCIAL LENDING Officer | 50 | $429,491 |
| MICHAEL H CHEESEMAN | CAO Officer | 50 | $351,232 |
| ACIE FORRER | SW FL MKT PRES Officer | 50 | $344,894 |
| HUGH DAILEY | CEO SE TRUSTSPECIAL ASST MGR Officer | 50 | $341,574 |
| JILL H DAVIS | CHIEF MARKETING OFFICER Officer | 50 | $337,412 |
| JAMES R HAGGINS | CHIEF OF COLLECTIONS Officer | 50 | $330,692 |
| TIMOTHY LYSAK | CHIEF INFO OFFICER Officer | 50 | $293,267 |
| VANESSA L HERNANDEZ | CHIEF RETAIL DELIVERY Officer | 50 | $292,656 |
| JEFFREY BAKER | N CENTRAL FL MKT PRESIDENT Officer | 50 | $224,663 |
| DONNA BROWN | CHIEF AUDIT & COMPLIANCE Officer | 50 | $219,860 |
| DEBRA THOMAS | ASST MGR COLLECTIONS Highest-paid employee | 50 | $192,038 |
| ELSIE SELLERS | INSIDE MTG LOAN ORIGINATOR Highest-paid employee | 50 | $125,061 |
| CURTIS BEALS | DEVELOPER II Highest-paid employee | 50 | $118,316 |
| WENDY DIAZ BERRIOS | INSIDE MTG LOAN ORIGINATOR Highest-paid employee | 50 | $117,536 |
| NATHAN SLAGLE | INSIDE MTG LOAN ORIGINATOR Highest-paid employee | 50 | $109,103 |
| CHESTER A BROJEK | VICE-CHAIRMAN Trustee or director | 15 | $0 |
| NICK SUDZINA | TREASURER Trustee or director | 15 | $0 |
| KENNETH J HEUBUSCH | DIRECTOR Trustee or director | 15 | $0 |
| DAN PIERCE | SECRETARY Trustee or director | 15 | $0 |
| CAMILLE BLAKE | SUPERVISORY COMM Trustee or director | 15 | $0 |
| SARITA GUILLORY | SUPERVISORY COMM Trustee or director | 0 | $0 |
| GARY I RUHLE | DIRECTOR Trustee or director | 15 | $0 |
| DONALD WILLIAMS SR | DIRECTOR Trustee or director | 15 | $0 |
| DARRELL L JENSEN | DIRECTOR Trustee or director | 15 | $0 |
| HARRY R WILLIAMS | DIRECTOR Trustee or director | 15 | $0 |
| SHIRLEY PELLARCHY | DIRECTOR Trustee or director | 15 | $0 |
| KATHRYN L ASHMORE | SUPERVISORY COMM Trustee or director | 15 | $0 |
| CHRISTOPHER GEIGER | CHAIRMAN Trustee or director | 15 | $0 |
| TERRENCE MCGRIFF | CHAIRMAN SUP COMM Trustee or director | 15 | $0 |
| JOHN J UPPERCO | DIRECTOR Trustee or director | 15 | $0 |
| CONNIE MILITO | SUPERVISORY COMM Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8008, LAKELAND, FL 33802-8008
- In care of
- % KEVIN JONES PRESIDENT
- Principal officer (990 for 2024)
- SAMUEL S MOSELEY, PO BOX 8008, LAKELAND, FL 338028008
- Signed the 990
- ZELDA ABRAM, CFO
- Phone
- (863) 616-2100
- Website
- WWW.MIDFLORIDA.COM
- Return prepared by
- DOEREN MAYHEW
Mission
MIDFLORIDA CREDIT UNION IS COMMITTED TO DELIVERING PERSONALIZED FINANCIAL SOLUTIONS WHILE MAKING BANKING SIMPLE, SECURE AND CONVENIENT FOR ALL OF OUR MEMBERS.
Program accomplishments
- PROVIDE NUMEROUS DEPOSITORY SERVICES TO MEMBERS INCLUDING REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, CLUB, HEALTH SAVINGS, AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $6,929,555,000 AS OF DECEMBER 31, 2024.
- PROVIDE LOANS INCLUDING MORTGAGES, BUSINESS, HOME EQUITY, CREDIT CARDS, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $6,348,857,000 AS OF DECEMBER 31, 2024.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-6194363
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,142,679,220
- Income (IRS master file)
- $497,579,357
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $497,221,275 | $387,467,531 | $8,142,679,220 | XML |
| 990 | December 2023 | $407,757,981 | $307,709,900 | $7,523,425,888 | XML |
| 990 | December 2022 | $312,549,911 | $222,811,814 | $6,612,347,991 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-6194363).
Questions about MIDFLORIDA CREDIT UNION
- What is the EIN of MIDFLORIDA CREDIT UNION?
- The employer identification number (EIN) of MIDFLORIDA CREDIT UNION is 59-6194363.
- Is MIDFLORIDA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1967.
- Are donations to MIDFLORIDA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MIDFLORIDA CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDFLORIDA CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDFLORIDA CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDFLORIDA CREDIT UNION?
- The 990 for the year ended December 31, 2024 names SAMUEL S MOSELEY.
- Who are the officers and directors of MIDFLORIDA CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 26 people; 23 received compensation from the organization, the highest $1,333,296 (STEVE MOSELEY, PRESIDENT/CEO).
- How much revenue does MIDFLORIDA CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $497,221,275, expenses of $387,467,531 and total assets of $8,142,679,220 at year end.
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