2023-11-13T13:58:58-06:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 590873652 STATE CHARTERED CREDIT UNIONS IN FLORIDA ENVISION CREDIT UNION STAT 8509429000 2082 SUMMIT LAKE DRIVE TALLAHASSEE FL 32317 BOB DOBY INTERIM CFO 8509429000 2023-10-27 1 BOB DOBY 999009999 0 JOHN J MURNANE P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ENVISION CREDIT UNION MR DARRYL WORRELL 1585 SUMMIT LAKE DRIVE SUITE 200 TALLAHASSEE FL 32317 68777755 0 2106 X WWW.ENVISIONCU.COM X 1954 FL TO SAFEGUARD AND MANAGE THE ASSETS ENTRUSTED TO THE CREDIT UNION BY ITS MEMBER-OWNERS; TO BETTER THE ECONOMIC WELL BEING OF OUR MEMBER-OWNERS BY DELIVERING CONVENIENT PERSONALIZED PRODUCTS AND SERVICES OF EXCEPTIONAL VALUE. 6 6 335 9 214099 0 1626265 0 38476347 44166093 3744906 1199525 1878390 699476 45725908 46065094 0 0 0 0 15044375 14958809 0 0 0 25202016 26512810 40246391 41471619 5479517 4593475 815271586 805154808 752154103 753258130 63117483 51896678 MEET MEMBERS' FINANCIAL NEEDS THROUGH QUALITY SERVICE AT THE BEST VALUE WHILE MAINTAINING FINANCIAL STABILITY. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM 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 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 12821 0 1 335 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X MR DARRYL WORRELL 8509429000 2082 SUMMIT LAKE DRIVE TALLAHASSEE FL 32317 DR CASSANDRA GRAYSON CHAIRPERSON 1.00 X 600 0 0 ALLETA SHUTES 1ST VICE CHAIRPERSON 1.00 X 600 0 0 H EUGENE MCNEASE 2ND VICE CHAIRPERSON 1.00 X 600 0 0 LINDA PRESLEY JONES TREASURER 1.00 X 0 0 0 H EUGENE MORGAN SECRETARY 1.00 X 600 0 0 ANTHONY GAUDIO BOARD MEMBER 1.00 X 600 0 0 RONALD CARNEY SUPERVISORY COMMITTEE MEMBER 1.00 X 600 0 0 CHANDLER RUSSELL SUPERVISORY COMMITTEE MEMBER 1.00 X 600 0 0 CHRISTOPHER SMALL SUPERVISORY COMMITTEE MEMBER 1.00 X 600 0 0 DR JAMES CROTEAU BOARD MEMBER 1.00 X 600 0 0 DARRYL G WORRELL PRESIDENT/CEO 40.00 X 582218 0 50955 STEPHANIE STRAKER SVP/CFO 40.00 X 244705 0 25401 WILLIAM ENFINGER EVP/ CHIEF LENDING OFFICER 40.00 X 274230 0 23980 HOLLIE MADDOX SVP CHIEF OPERATIONS OFFICER 40.00 X 239954 0 23939 RUDOLPH ARCEO VP/HR DEVELOPMENT & TRAIN 40.00 X 227182 0 23090 GRADY HUDSON SVP CHIEF INFORMATION OFFICER 25.00 X 161000 0 3660 MELISSA HEWETT AVP HOME LOANS MANAGER 40.00 X 109843 0 15905 DEBORAH SULLIVAN MORTGAGE LOAN ORIGINATOR 57.00 X 121249 0 17078 GENE SELIGER MORTGAGE LOAN ORIGINATOR 40.00 X 104436 0 11957 RUTHELLEN CALDWELL VP FINANCIAL CENTERS 40.00 X 136796 0 13214 MINDY DESHERLIA VP REMOTE DELIVERY SERVICE 40.00 X 104397 0 17614 2311410 0 226793 11 0 1 0 UNITED SOLUTIONS COMPANY PO BOX 5496 TALLAHASSEE FL 32314 OPTICAL & NETOWRK SERVICES 2752324 FISERV INC PO BOX 934057 ATLANTA GA 31193 CREDIT/DEBIT CARD SERVICES 1952176 NCR CORPORATION 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ONLINE BANKING & POP MONEY 1402477 CONSTRUCTION & MAINTENANCE SPECIALISTS L 3618 N MONROE ST TALLAHASSEE FL 32303 COMMERCIAL MAINTENANCE SERVICES 1245836 SELENE FINANCE LP 3501 OLYMPUS BLVD SUITE 500 DALLAS TX 75019 MONTHLY SERVICING, ESCROW & CORPORATE MO 436031 28 INTEREST ON LOANS 522100 25269990 25269990 FEES/CHARGES/OTHER 522100 18682004 18682004 FINANCE AND INSURANCE 520000 214099 214099 44166093 3457688 3457688 340072 144413 195659 195659 195659 20310085 22568248 -2258163 -2258163 -2258163 OTHER NON-OPERATING INCOME 522100 503817 503817 503817 46065094 45850995 214099 0 X 1885714 9857236 2267487 948372 201708 140000 12500 1822714 1131829 1136676 3145595 574362 136030 110448 2432970 65970 806204 197274 UBIT (FEDERAL AND STATE 3890 VISA/DEBIT FEES/CHARGES 3980986 EQUIPMENT RENTAL/MAINTE 3349633 LOAN SERVICING 2175751 5088270 41471619 12469823 23275816 90013407 44372784 10055354 3928966 11664737 11881336 450183458 523658858 2042957 1934508 37382601 13575004 24589861 23807597 164430377 128712160 23973998 15498239 58292 25789322 28084544 815271586 805154808 18506787 21729289 15000000 15000000 718647316 716528841 752154103 753258130 X 0 0 0 0 63117483 51896678 63117483 51896678 815271586 805154808 4593475 -15814280 0 X X 0 1 X 1 0 5175 5175 5175 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 5175 5341169 5341169 21478444 4953215 16525229 453213 318662 134551 10109775 8303127 1806648 23807597 CHECKING ACCOUNTS 316372098 REGULAR SHARES 190601783 MONEY MARKET 117814447 CERTIFICATES OF DEPOSIT 78023995 IRA/KEOGH 10647518 NON MEMBER CDS 3069000 716528841 X PART X, LINE 2: 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. X X X 1 1 X X X X 0 1 0 DARRYL G WORRELL PRESIDENT/CEO 502838 0 79380 0 0 0 20384 0 30571 0 633173 0 0 0 WILLIAM ENFINGER EVP/ CHIEF LENDING OFFICER 224951 0 49279 0 0 0 11089 0 12891 0 298210 0 0 0 STEPHANIE STRAKER SVP/CFO 170474 0 60000 0 14231 0 15946 0 9455 0 270106 0 0 0 HOLLIE MADDOX SVP CHIEF OPERATIONS OFFICER 186741 0 42142 0 11071 0 13992 0 9947 0 263893 0 0 0 RUDOLPH ARCEO VP/HR DEVELOPMENT & TRAIN 163961 0 48750 0 14471 0 13728 0 9362 0 250272 0 0 0 GRADY HUDSON SVP CHIEF INFORMATION OFFICER 130000 0 31000 0 0 0 3660 0 0 0 164660 0 0 0 RUTHELLEN CALDWELL VP FINANCIAL CENTERS 104272 0 27280 0 5244 0 3930 0 9284 0 150010 0 0 0 PART I, LINE 1A THE ORGANIZATION DOES HAVE POLICIES IN PLACE FOR COMPANION TRAVEL AND SOCIAL CLUB DUES. NO POLICY FOR GROSS UP PAYMENTS. PART I, LINE 4B DARRY J WORRELL PARTICIPATES IN A SECURED SPLIT DOLLAR PROGRAM WHERE BY ECU LOANS THE OFFICER FUNDS FOR THE PURCHASE OF TWO LIFE INSURANCE POLICIES. THE FIRST POLICY IS KNOWN AS THE REPAYMENT POLICY AND IS DESIGNED TO REPAY THE CREDIT UNION THE AMOUNT OF THE LOAN PLUS INTEREST UPON THE DEATH OF THE INSURED. THE SECOND POLICY FOCUSES ON FUNDING THE EXECUTIVE LOANS TO SUPPLEMENT RETIREMENT INCOME. WILLIAM ENFINGER PARTICIPATES IN A SECURED SPLIT DOLLAR PROGRAM WHEREBY ECU LOANS THE OFFICER FUNDS FOR THE PURCHASE OF TWO LIFE INSURANCE POLICIES. THE FIRST POLICY IS KNOW AS THE REPAYMENT POLICY AND IS DESIGNED TO REPAY THE CREDIT UNION THE AMOUNT OF THE LOAN PLUS INTEREST UPON THE DEATH OF THE INSURED. THE SECOND POLICY FOCUSES ON FUNDING THE EXECUTIVE LOANS TO SUPPLEMENT RETIREMENT INCOME. THIS WAS AN EXISTING POLICY THAT WAS CONTINUED AFTER THE MERGER OF FOCUS CREDIT UNION, EFFECTIVE AS OF FEBRUARY 1, 2016. STEPHANIE STRAKER PARTICIPATES IN A SECURED SPLIT DOLLAR PROGRAM WHERE BY ECU LOANS THE OFFICER FUNDS FOR THE PURCHASE OF TWO LIFE INSURANCE POLICIES. THE FIRST POLICY IS KNOWN AS THE REPAYMENT POLICY AND IS DESIGNED TO REPAY THE CREDIT UNION THE AMOUNT OF THE LOAN PLUS INTEREST UPON THE DEATH OF THE INSURED. THE SECOND POLICY FOCUSES ON FUNDING THE EXECUTIVE LOANS TO SUPPLEMENT RETIREMENT INCOME. DARRYL WORRELL PRESIDENT/CEO TO FUND DEFERRED COMPENSATION PLAN X 5851580 7478554 0 1 1 WILLIAM ENFINGER SVP/CHIEF LENDING OFFICER TO FUND LIFE INSURANCE POLICY X 1250000 1742009 0 1 1 STEPHANIE STRAKER SVP/CFO TO FUND LIFE INSURANCE POLICY X 2575000 2660773 0 1 1 11881336 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. 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. EACH MEMBER HAS ONLY ONE VOTE; IT IS NOT POSSIBLE FOR A SINGLE MEMBER TO ELECT A MEMBER TO THE GOVERNING BODY. 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 WHEN THE FORM 990 HAS BEEN COMPLETED BY THE CPA FIRM AND RECEIVED BY ECU, IT IS REVIEWED FIRST BY THE CFO FOR ACCURACY, THEN BY THE CEO AND LATER BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CREDIT UNION'S OFFICER, DIRECTOR, AND EMPLOYEE POLICIES REGARDING CONFLICTS OF INTEREST ARE ADDRESSED IN THE RELATED POLICIES. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF THE CREDIT UNION TO PAY COMPENSATION THAT IS NONDICRIMINATORY AND COMPETITIVE. HOWEVER, ALL COMPENSATION POLICY DECISIONS MUST TAKE INTO CONSIDERATION, ENVISION CREDIT UNION'S OVERALL FINANCIAL CONDITION AND COMPETITIVE POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA WEBSITE, VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 1,822,714. FORM 990, PART IX, LINE 24E PROVISION FOR LOAN LOSSES 2,129,881. MISC. EXPENSE 1,173,967. ATM/DEBIT VISA NETWORK COSTS 805,874. ATM/DEBIT MISC LOSSES 314,774. REAL ESTATE/TANGIBLE TAXES 299,767. NCUA ASSESSMENT 150,350. EDUCATION 142,472. CASH OVER/SHORT 71,185. 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. 1ST MEMBER INSURANCE GROUP 303 EAST WASHINGTON STREET CHATTAHOOCHEE FL 32324 141925692 INSURANCE & FINANCIAL PLAN FL -40492 191788 ENVISION CREDIT UNION IDRIVE LENDING LLC 2806 SHARER ROAD TALLAHASSEE FL 32312 461603351 INDIREDCT AUTO LENDING FL RELATED 24913 51806 0 0 0.33400 UNITED SOLUTIONS COMPANY PO BOX 5496 TALLAHASSEE FL 32314 592285914 CU SERVICES FL C 114164 7843889 0.78810 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 UNITED SOLUTIONS COMPANY A 227465 ACTUAL INTEREST EARNED ON LOAN UNITED SOLUTIONS COMPANY S 849985 USC DEPOSITS AT ENVISION CU UNITED SOLUTIONS COMPANY M 2423305 ACTUAL DATA PROCESSING EXPENSE UNITED SOLUTIONS COMPANY K 237420 ACTUAL LEASE EXPENSES UNITED SOLUTIONS COMPANY D 4513831 PRINCIPAL BALANCE