2024-11-10T14:01:20-06:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 590637646 STATE CHARTERED CREDIT UNIONS IN FLORIDA STAT 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 JENNIFER HUNT CFO 3523359090 2024-11-07 1 0 JOHN J MURNANE JR P03021572 3052328272 2024-11-07 2023 2024-10-15 13:58:12Z CAMPUS USA CREDIT UNION JERRY BENTON 14007 NW 1ST ROAD JONESVILLE FL 32669 182784688 0 2106 X WWW.CAMPUSCU.COM X 1935 FL CAMPUS USA IS A NON-PROFIT FINANCIAL INSTITUTION. WE SERVE MEMBERS IN TWELVE COUNTIES OFFERING COMPETITIVE SAVINGS AND LOAN OPTIONS ALONG WITH EXCEPTIONAL MEMBER SERVICE. 7 7 528 9 119882 0 0 0 129053143 154621410 4320985 12627694 0 0 133374128 167249104 386338 530316 0 0 35812551 38655262 0 0 0 53568236 96136465 89767125 135322043 43607003 31927061 3029797470 3175081404 2690616293 2806735313 339181177 368346091 THE MISSION OF OUR CREDIT UNION IS TO RESPOND TO THE NEEDS OF THE MEMBERSHIP BY OFFERING THE BEST FINANCIAL SERVICES. OUR CREDIT UNION IS A NOT-FOR-PROFIT SERVICE ORGANIZATION WHICH MAINTAINS A STRONG FINANCIAL FOUNDATION. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41432 0 1 528 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X GABE HAMLETT GENERAL COUNSEL 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 RUBEN RAMOS DIRECTOR 5.00 X 0 0 0 KEITH BIRKETT DIRECTOR 5.00 X 0 0 0 PAULA WELCH CHAIR 5.00 X 0 0 0 PRINCE HINSON SECRETARY/TREASURER 5.00 X 0 0 0 JAY HUTTO VICE CHAIR 5.00 X 0 0 0 MARK WALDORFF DIRECTOR 5.00 X 0 0 0 JERRY W BENTON CEO 40.00 X 942044 0 257430 GABRIEL W HAMLETT CHIEF LEGAL OFFICER 40.00 X 318319 0 94099 JILL E HARPER CHIEF HR OFFICER 40.00 X 331240 0 93576 JENNIFER L HUNT CFO 40.00 X 375227 0 104096 MICHAEL ROSS JONES CHIEF LENDING OFFICER 40.00 X 282670 0 107051 JEFFERY A THIEMAN COO 40.00 X 380493 0 114706 DAVID BARBER VP COMMERCIAL LENDING 40.00 X 281946 0 55045 TROY BATTLE VP OF PROJECTS/FACILITIES 40.00 X 160520 0 48173 BRIAN FISHER VP TECHNOLOGY SERVICES 40.00 X 199540 0 48802 FREDERICK E HILTON VP OF INVESTMENT SERVICES 40.00 X 214532 0 51416 PAMELA JOHNSON VP RETAIL OPERATIONS 40.00 X 177027 0 43169 WESTON GALLOP FINANCIAL ADVISOR 40.00 X 223025 0 56460 THOMAS JARVIS DIRECTOR OF COMMERCIAL LEN 40.00 X 194438 0 49762 BRANDON VEGA INFORMATION TECHNOLOGY MAN 40.00 X 170478 0 20655 MARLON AWUMA FINANCIAL ADVISOR 40.00 X 165015 0 43296 NICHOLAS HOFFMAN CONSUMER LOAN DIRECTOR 40.00 X 158748 0 44977 4575262 0 1232713 54 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 4228051 MASTERCARD 2200 MASTERCARD BLVD OFALLON MO 633587263 CARD PROCESSOR 2064372 JACK HENRY & ASSOC INC PO BOX 609 MONETT MO 65708 CORE IT SOFTWARE 1555609 SCHERER CONSTRUCTION 2504 NW 71 PLACE GAINESVILLE FL 32653 BRANCH CONSTRUCTION 1521688 PRINTMAIL SOLUTIONS LLC 23 FRIENDS LN NEWTOWN PA 18940 MAILING SOLUTION 1286007 46 INTEREST ON LOANS 522100 123718860 123718860 FEES/CHARGES 522100 30782668 30782668 FINANCE AND INSURANCE 520000 119882 119882 154621410 13181530 13181530 14981748 15535584 -553836 -553836 -553836 167249104 167129222 119882 0 X 530316 4681121 24644111 2719170 4558004 2052856 50237 249834 157867 791606 1461428 4739103 7717503 48620991 162947 3712860 340020 PROVISION FOR LOAN LOSS 15837334 LOAN SERVICING 5211384 DEBIT CARD SERVICES 4068977 MISCELLANEOUS 1746571 1267803 135322043 17427687 16251663 90042406 153590812 19957618 18538448 2605464571 2654965084 11780329 14499748 93144818 36402011 55887594 56742807 196241151 221903716 4667078 5299581 28329036 33289545 3029797470 3175081404 36927221 41425232 75000000 15000000 2578689072 2750310081 2690616293 2806735313 X 0 0 0 0 339181177 368346091 339181177 368346091 3029797470 3175081404 X 31927061 7306641 -10068788 X X 0 1 X 1 0 9000 9000 9000 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 9000 20087043 20087043 47538529 16601439 30937090 3515808 2970661 545147 21601802 16428286 5173516 401636 401625 11 56742807 SHARE DRAFTS 456946427 SHARE AND EQUIVALENTS 819711574 MONEY MARKET ACCOUNTS 263496449 IRA SHARES 32442570 SHARE AND IRA CERTIFICATES 1177713061 2750310081 X 169231851 1982747 1982747 167249104 0 167249104 135322043 0 135322043 0 135322043 PART X, LINE 2: FEDERAL AND STATE TAX EXEMPTION THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 AMERICAN HEART ASSOCIATION PO BOX 840692 DALLAS TX 752840692 135613797 501(C)(3) 37772 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS BOSSHARDT CHARITABLE FUND INC 5532 NW 43RD ST GAINESVILLE FL 32653 843104328 501(C)(3) 6500 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS THE JAG AGENCY INC 1902 SW 83RD CT GAINESVILLE FL 32607 452602843 501(C)(3) 6000 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS SANTA FE COLLEGE 3000 NW 83RD ST GAINESVILLE FL 32606 591207627 501(C)(3) 25000 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS COMMUNITY FOUNDATION OF NORTH CENTRAL FLORIDA 3919 NEWBERRY RD STE 3 GAINESVILLE FL 32607 593532330 501(C)(3) 8725 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS GAINESVILLE BLACK PROFESSIONALS PO BOX 140371 GAINESVILLE FL 32614 812470745 501(C)(3) 7500 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS RONALD MCDONALD HOUSE CHARITIES 1600 SW 14 ST GAINESVILLE FL 32608 591887896 501(C)(3) 6300 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS UNIVERSITY OF FLORIDA PO BOX 115500 GAINESVILLE FL 326115500 596002052 501(C)(3) 8228 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS CHILDREN'S MIRACLE NETWORK PO BOX 100386 GAINESVILLE FL 32610 591943502 501(C)(3) 112681 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS LEARFIELD COMMUNICATIONS LLC 505 HOBBS ROAD JEFFERSON CITY MO 65109 470911648 LLC 124613 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS UNITED WAY OF NORTH CENTRAL FLORIDA PO BOX 2829 LAKE CITY FL 32056 590808855 501(C)(3) 8200 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS BREHON INSTITUTE FOR FAMILY SERVICES INC PO BOX 7643 TALLAHASSEE FL 323147643 591865406 501(C)(3) 5500 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS FEEDING FLORIDA INC 1493 MARKET STREET TALLAHASSEE FL 32312 650467165 501(C)(3) 10128 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS KIDS INCORPORATED OF THE BIG BEND 2326 CENTERVILLE RD TALLAHASSEE FL 32308 237411718 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS JUNIOR ACHIEVEMENT OF TAMPA BAY INC 13707 N 22ND ST TAMPA FL 33613 591098499 501(C)(3) 7748 0 CHARITABLE CONTRIBUTION/SPONSORSHIPS 18 1 PART I, LINE 2 THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. SOME DONATIONS ARE EVENT SPONSORSHIP BASED. X X X 1 1 X X X X 0 1 0 JERRY W BENTON CEO 703857 0 193574 0 44613 0 218774 0 38656 0 1199474 0 0 0 JEFFERY A THIEMAN COO 310045 0 52950 0 17498 0 78150 0 36556 0 495199 0 0 0 JENNIFER L HUNT CFO 292514 0 52950 0 29763 0 78150 0 25946 0 479323 0 0 0 JILL E HARPER CHIEF HR OFFICER 264754 0 52950 0 13536 0 78150 0 15426 0 424816 0 0 0 GABRIEL W HAMLETT CHIEF LEGAL OFFICER 247018 0 52950 0 18351 0 61650 0 32449 0 412418 0 0 0 MICHAEL ROSS JONES CHIEF LENDING OFFICER 217859 0 52950 0 11861 0 76760 0 30291 0 389721 0 0 0 DAVID BARBER VP COMMERCIAL LENDING 162074 0 96928 0 22944 0 27336 0 27709 0 336991 0 0 0 WESTON GALLOP FINANCIAL ADVISOR 217671 0 4550 0 804 0 23452 0 33008 0 279485 0 0 0 FREDERICK E HILTON VP OF INVESTMENT SERVICES 156889 0 53597 0 4046 0 22074 0 29342 0 265948 0 0 0 BRIAN FISHER VP TECHNOLOGY SERVICES 191095 0 4550 0 3895 0 20700 0 28102 0 248342 0 0 0 THOMAS JARVIS DIRECTOR OF COMMERCIAL LEN 142102 0 51569 0 767 0 20250 0 29512 0 244200 0 0 0 PAMELA JOHNSON VP RETAIL OPERATIONS 166908 0 4550 0 5569 0 18593 0 24576 0 220196 0 0 0 TROY BATTLE VP OF PROJECTS/FACILITIES 148143 0 4550 0 7827 0 16906 0 31267 0 208693 0 0 0 MARLON AWUMA FINANCIAL ADVISOR 159348 0 4550 0 1117 0 16960 0 26336 0 208311 0 0 0 NICHOLAS HOFFMAN CONSUMER LOAN DIRECTOR 111063 0 37125 0 10560 0 16613 0 28364 0 203725 0 0 0 BRANDON VEGA INFORMATION TECHNOLOGY MAN 162663 0 4550 0 3265 0 16774 0 3881 0 191133 0 0 0 PART I, LINE 4B THE FOLLOWING EXECUTIVES PARTICIPATED IN THE 457F PLAN. THE FOLLOWING REFLECTS THE DOLLAR AMOUNT THE CREDIT UNION CONTRIBUTED TOWARD EACH EXECUTIVE'S PLAN DURING 2023: J. BENTON $189,024 G. HAMLETT $48,400 J. HARPER $48,400 J. HUNT $48,400 M. JONES $48,400 J. THIEMAN $48,400 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN AND USES THE CPA FIRM TO HELP COMPLETE THE FINANCIAL ASPECT OF THE RETURN. THE RETURN IS PRESENTED TO THE CREDIT UNION'S VP OF HR, VP OF OPERATIONS AND TO THE PRESIDENT/CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CODE OF CONDUCT FOR SENIOR MANAGERS, DIRECTORS AND COMMITTEE MEMBERS WHICH REQUIRES THESE INDIVIDUALS TO ANNUALLY DISCLOSE GIFTS AND POTENTIAL CONFLICTS OF INTEREST. SENIOR MANAGERS, DIRECTORS, AND COMMITTEE MEMBERS RECEIVE ANNUAL COMPLIANCE TRAINING AND ARE REQUIRED TO SIGN A STATEMENT OF COMPLIANCE ANNUALLY, WHICH IS REPORTED TO THE AUDIT COMMITTEE AND THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 CAMPUS USA CREDIT UNION USES COMPANALYST COMPENSATION SOFTWARE FOR MARKET DATA AND THE CUES EXECUTIVE SALARY SURVEY. AN EXECUTIVE COMPENSATION ANALYSIS WAS COMPLETED IN 2023 WITH D. HILTON AND ASSOCIATES. THE CEO'S SALARY IS APPROVED BY THE BOARD OF DIRECTORS, AND THE CEO ALSO APPROVES THE SALARY OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G PROFESSIONAL AND OUTSIDE SERVICES 791,606. FORM 990, PART IX, LINE 24E ATM SHARED BRANCHING FEES 523,213. EDUCATION 393,738. PRINTING AND PUBLICATIONS 233,464. AUTOMOBILE EXPENSES 83,959. NCUA INSURANCE PREMIUM ASSESSMENT 33,429. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BENEFIT PLAN 1,426,285. CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -11,495,073. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.