STATE CHARTERED CREDIT UNIONS IN FLORIDA: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 59-0705380)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-10-05
IRS object ID: 202142789349301419
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-10-05T12:59:19-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	382492570	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DOEREN MAYHEW	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	305 WEST BIG BEAVER ROAD	AddressLine1Txt
City	TROY	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48084	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	590705380	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	STATE CHARTERED CREDIT UNIONS IN FLORIDA	BusinessNameLine1Txt
Business Name Line2	FIRST FLORIDA CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	STAT	BusinessNameControlTxt
Phone	9043596800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 WEST 1ST STREET	AddressLine1Txt
City	JACKSONVILLE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32202	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRADLEY A LONG	PersonNm
Person Title	EVP FINANCE	PersonTitleTxt
Phone	8007664328	PhoneNum
Signature	2021-10-04	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BRADLEY	PersonFirstNm
Person Last	LONG	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBIN D HOAG CPA	PreparerPersonNm
PTIN	P00360662	PTIN
Phone	2482443000	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRENT E LISTER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 WEST 1ST STREET	AddressLine1Txt
City	JACKSONVILLE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32202	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$122,333,763	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FIRSTFLORIDA.ORG	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	CREDIT UNION	OtherOrganizationDsc
Formation	1950	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	FIRST FLORIDA CU IS DEDICATED TO DELIVERING FINANCIAL SOLUTIONS TO ENRICH MEMBERS' LIVES.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	248	TotalEmployeeCnt
Total Volunteers	8	TotalVolunteersCnt
Total Gross UBI	$195,415	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$38,487,432	PYProgramServiceRevenueAmt
CY Program Service Revenue	$37,226,506	CYProgramServiceRevenueAmt
PY Investment Income	$6,564,522	PYInvestmentIncomeAmt
CY Investment Income	$5,513,729	CYInvestmentIncomeAmt
PY Other Revenue	$353,443	PYOtherRevenueAmt
CY Other Revenue	$195,415	CYOtherRevenueAmt
PY Total Revenue	$45,405,397	PYTotalRevenueAmt
CY Total Revenue	$42,935,650	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$14,707,030	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,862,194	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$24,722,663	PYOtherExpensesAmt
CY Other Expenses	$23,888,480	CYOtherExpensesAmt
PY Total Expenses	$39,429,693	PYTotalExpensesAmt
CY Total Expenses	$39,750,674	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,975,704	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,184,976	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,055,950,421	TotalAssetsBOYAmt
Total Assets EOY	$1,233,287,162	TotalAssetsEOYAmt
Total Liabilities BOY	$904,388,960	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,073,464,621	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$151,561,461	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$159,822,541	NetAssetsOrFundBalancesEOYAmt
Mission	FIRST FLORIDA CREDIT UNION IS DEDICATED TO DELIVERING FINANCIAL SOLUTIONS TO ENRICH MEMBERS' LIVES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	INCOME FROM 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.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	13082	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	248	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	BRAD LONG	PersonNm
Phone	8007664328	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 WEST 1ST STREET	AddressLine1Txt
City	JACKSONVILLE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32202	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ROBERT L BULL
DIRECTOR	2.00	Yes (X)	$0	$0	$0
RICHARD M HOOD
TREASURER	2.00	Yes (X)	$0	$0	$0
NANCY H MEIER
DIRECTOR	2.00	Yes (X)	$0	$0	$0
CORNITA RILEY
DIRECTOR	2.00	Yes (X)	$0	$0	$0
JONATHAN R LYON
CHAIRPERSON	2.00	Yes (X)	$0	$0	$0
DEAN WILLIS
VICE CHAIRPERSON	2.00	Yes (X)	$0	$0	$0
KEN JONES
DIRECTOR	2.00	Yes (X)	$0	$0	$0
SANDRA MAGYAR
SECRETARY	2.00	Yes (X)	$0	$0	$0
BRENT LISTER
PRESIDENT/CEO	40.00		$687,210	$0	$48,123	Yes (X)
JOSEPH CARPENTER
EVP LENDING	40.00		$284,833	$0	$42,354	Yes (X)
LINDA JONES
EVP OPERATIONS	40.00		$296,295	$0	$38,474	Yes (X)
BRADLEY A LONG
EVP FINANCE	40.00		$287,265	$0	$44,151	Yes (X)
ELIZABETH POLK
SVP ADMINISTRATION	40.00		$199,693	$0	$26,589		Yes (X)
RICHARD HARPER
SVP ACCOUNTING	40.00		$254,153	$0	$38,039		Yes (X)
RICHARD MARKLEY
BUSINESS SERVICES DIRECTOR	40.00		$126,844	$0	$26,215			Yes (X)
ANDREA HURLEY
SVP RISK MANAGEMENT	40.00		$163,460	$0	$22,174			Yes (X)
TIMOTHY BROWN
SVP OF INFORMATION TECHNOL	40.00		$166,978	$0	$22,409			Yes (X)
MICHELLE TROHA
SVP OF MARKETING	40.00		$174,534	$0	$28,167			Yes (X)
CHRISTIAN BARNETT
MANAGING DIRECTOR FFIS	40.00		$155,516	$0	$27,935			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,796,781	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$364,630	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	21	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
JACK HENRY AND ASSOCIATES INC
PO BOX 609	MONETT	MO	65708	DATA PROCESSING	$1,288,151
NORTH COAST CONSTRUCTION CO
3525 AGRICULTURAL CENTER DRIVE 607	ST AUGUSTINE	FL	32092	BUILDER	$1,127,342
TRUHOME SOLUTIONS
9601 LEGLER RD	LENEXA	KS	66219	MORTGAGE PROCESSING	$683,851
AT&T
PO BOX 105262	ATLANTA	GA	30348	COMMUNICATION	$615,475
ALKAMI TECHNOLOGY
PO BOX 122223 DEPT 2223	DALLAS	TX	75312	DATA PROCESSOR	$491,806

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	32	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOANS TO MEMBERS	522100	$28,388,597	$28,388,597
FEES/CHARGES/OTHER	522100	$8,837,909	$8,837,909

Field	Value	IRS element (for citing)
Total Program Service Revenue	$37,226,506	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,305,190	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,305,190	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$80,606,652	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$79,398,113	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,208,539	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,208,539	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,208,539	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	FINANCE & INSURANCE	Desc
Business	520000	BusinessCd
Total Revenue Column	$195,415	TotalRevenueColumnAmt
Unrelated Business Revenue	$195,415	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$195,415	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$42,935,650	TotalRevenueColumnAmt
Related Or Exempt Func Income	$42,740,235	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$195,415	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,247,179	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$9,038,918	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$798,948	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,889,322	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$887,827	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$11,252	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$42,702	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$190,467	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$842,196	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,763,132	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,016,206	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,568,212	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$33,846	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$32,514	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$9,098,548	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,654,923	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$208,880	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROFESSIONAL AND OUTSID	$2,777,332
PROVISION FOR LOAN LOSS	$2,093,089
LOAN SERVICING	$1,127,447
MISCELLANEOUS EXPENSES	$427,734

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$39,750,674	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,739,918	BOYAmt
EOY	$3,346,868	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$81,780,341	BOYAmt
EOY	$101,700,371	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$13,308,991	BOYAmt
EOY	$21,882,492	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$3,120,000	BOYAmt
EOY	$3,900,000	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$692,928,674	BOYAmt
EOY	$663,537,302	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,106,644	BOYAmt
EOY	$1,160,681	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$45,390,847	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$15,834,182	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$26,569,612	BOYAmt
EOY	$29,556,665	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$216,101,969	BOYAmt
EOY	$389,148,078	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$5,937,400	BOYAmt
EOY	$6,050,400	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,004,400	BOYAmt
EOY	$785,258	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$10,352,472	BOYAmt
EOY	$12,219,047	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,055,950,421	BOYAmt
EOY	$1,233,287,162	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$7,431,436	BOYAmt
EOY	$9,154,040	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$120,000,000	BOYAmt
EOY	$120,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$776,957,524	BOYAmt
EOY	$944,310,581	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$904,388,960	BOYAmt
EOY	$1,073,464,621	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$151,561,461	BOYAmt
EOY	$159,822,541	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$151,561,461	BOYAmt
EOY	$159,822,541	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,055,950,421	BOYAmt
EOY	$1,233,287,162	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$3,184,976	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$5,076,104	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,559,719	OtherCostOrOtherBasisAmt
Book Value	$10,559,719	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$25,074,091	OtherCostOrOtherBasisAmt
Depreciation	$8,272,548	DepreciationAmt
Book Value	$16,801,543	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$25,885	OtherCostOrOtherBasisAmt
Depreciation	$4,888	DepreciationAmt
Book Value	$20,997	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,731,152	OtherCostOrOtherBasisAmt
Depreciation	$7,556,746	DepreciationAmt
Book Value	$2,174,406	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$29,556,665	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER SHARES	Desc
Amt	$944,310,581	Amt

Field	Value	IRS element (for citing)
Total Liability	$944,310,581	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$44,730,080	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$1,794,430	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$1,794,430	RevenueNotReportedAmt
Revenue Subtotal	$42,935,650	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$42,935,650	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$39,750,674	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$39,750,674	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$39,750,674	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE (IRS) ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA(TAM) TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BRENT LISTER
PRESIDENT/CEO	$500,102	$0	$131,642	$0	$55,466	$0	$25,650	$0	$22,473	$0	$735,333	$0	$0	$0
LINDA JONES
EVP OPERATIONS	$257,977	$0	$25,817	$0	$12,501	$0	$28,197	$0	$10,277	$0	$334,769	$0	$0	$0
BRADLEY A LONG
EVP FINANCE	$231,807	$0	$38,834	$0	$16,624	$0	$22,690	$0	$21,461	$0	$331,416	$0	$0	$0
JOSEPH CARPENTER
EVP LENDING	$232,752	$0	$38,827	$0	$13,254	$0	$20,747	$0	$21,607	$0	$327,187	$0	$0	$0
RICHARD HARPER
SVP ACCOUNTING	$200,131	$0	$32,494	$0	$21,528	$0	$22,329	$0	$15,710	$0	$292,192	$0	$0	$0
ELIZABETH POLK
SVP ADMINISTRATION	$161,375	$0	$25,817	$0	$12,501	$0	$17,091	$0	$9,498	$0	$226,282	$0	$0	$0
MICHELLE TROHA
SVP OF MARKETING	$137,081	$0	$22,809	$0	$14,644	$0	$15,517	$0	$12,650	$0	$202,701	$0	$0	$0
TIMOTHY BROWN
SVP OF INFORMATION TECHNOL	$138,323	$0	$21,410	$0	$7,245	$0	$13,090	$0	$9,319	$0	$189,387	$0	$0	$0
ANDREA HURLEY
SVP RISK MANAGEMENT	$129,253	$0	$21,054	$0	$13,153	$0	$12,775	$0	$9,399	$0	$185,634	$0	$0	$0
CHRISTIAN BARNETT
MANAGING DIRECTOR FFIS	$149,950	$0	$5,231	$0	$335	$0	$7,248	$0	$20,687	$0	$183,451	$0	$0	$0
RICHARD MARKLEY
BUSINESS SERVICES DIRECTOR	$110,683	$0	$10,158	$0	$6,003	$0	$10,663	$0	$15,552	$0	$153,059	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 1A

PAID TRAVEL FOR SPOUSES IF ACCOMPANIES WITH PERSON LISTED. ANNUAL CLUB DUES ARE PAID FOR THE CEO.

PART I, LINE 4B

THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE PRESIDENT/CEO, BRENT LISTER THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. THE FOLLOWING MEMBERS PARTICIPATE IN A NON-QUALIFIED 457(B) PLAN. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN. THE PARTICIPANTS MAKE CONTRIBUTIONS TO THE PLAN AND AS SUCH, ARE ALWAYS VESTED IN THEIR CONTRIBUTIONS. BRENT LISTER RICHARD HARPER ANDREA HURLEY LINDA JONES

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	BRENT LISTER	PersonNm
Relationship With Org	PRESIDENT/CEO	RelationshipWithOrgTxt
Loan Purpose	TO FUND SPLIT DOLLAR PLAN	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$2,730,000	OriginalPrincipalAmt
Balance Due	$3,900,000	BalanceDueAmt
Default	0	DefaultInd
Board Or Committee Approval	Yes (1)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (1)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$3,900,000	TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	FORM 990, SCH L, PART II	FormAndLineReferenceDesc
Explanation	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 PARTICIPANT 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 PARTICIPANT 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.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	FIRST FLORIDA CREDIT UNION HAS MEMBERS. THEY PAY A $5.00 SHARE THAT IS REQUIRED ON DEPOSIT FOR MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7A	FIRST FLORIDA CREDIT UNION HAS A BOARD OF DIRECTORS ELECTION BY BALLOT HELD EVERY YEAR. EACH PRIMARY MEMBER OF THE CREDIT UNION RECEIVES A BALLOT FOR THE PURPOSE OF ELECTING ONE OR MORE MEMBERS FOR THE POSITION OF DIRECTOR OF THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7B	THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT EVERY THREE YEARS THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY A MEMBER OF THE CREDIT UNION MANAGEMENT TEAM (SVP ACCOUNTING) BEFORE IT IS FILED. IT IS NOT PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE POLICIES OF FIRST FLORIDA CREDIT UNION ARE REVIEWED ON AN ANNUAL BASIS. EACH EMPLOYEE RECEIVES A COPY OF THE POLICY MANUAL UPON BEING HIRED AT FIRST FLORIDA CREDIT UNION. THE POLICY STATES THAT ALL EMPLOYEES AND OFFICIALS MUST DISCLOSE ANY POSSIBLE CONFLICTS (WHEN THE POSSIBLE CONFLICT ARISES) SO THAT THE CREDIT UNION MAY ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. ANY CHANGE IN THE POLICIES ARE COMMUNICATED TO THE EMPLOYEES VERBALLY AND UPDATES ARE RECEIVED IN HARD COPY FORM ALSO.
FORM 990, PART VI, SECTION B, LINE 15	FIRST FLORIDA CREDIT UNION'S BOARD OF DIRECTORS HAS AN ADMINISTRATIVE COMMITTEE THAT REVIEWS THE SALARIES OF ALL CREDIT UNION EMPLOYEES ON AN ANNUAL BASIS. INTERNALLY, THE HR DEPARTMENT REVIEWS AND RESEARCHES ALL SALARY RANGES FOR EACH EMPLOYEE JOB TITLE ANNUALLY. A THIRD PARTY RESEARCH FIRM IS CONTACTED FOR COMPARABLE REGION AND JOB TITLE DATA.
FORM 990, PART VI, SECTION C, LINE 19	FIRST FLORIDA CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.