2020-11-16T17:58:20-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 338015354 990 2019-01-01 590248325 STATE CHARTERED CREDIT UNIONS IN FLORIDA 121 FINANCIAL CREDIT UNION STAT 9047236300 P O BOX 40769 JACKSONVILLE FL 32203 DAVID F MAROVICH PRESIDENT/CEO 9047236300 2020-11-16 1 LAUREN BALLARD CPA P01451787 8636805600 2020-11-16 67.137.57.251 2020-11-16 17:26:06 ES P BBA58EB6E7F87D04A815B4FA9AD717FA41A89180 D6E0F14DDE8D0128F8AF401F1D590E9A8BCD35DD 2019 2021-04-22 16:20:28Z DAVID F MAROVICH P O BOX 40769 JACKSONVILLE FL 32203 36158071 0 X WWW.121FCU.ORG X 1935 FL PROVIDING PERSONAL SOLUTIONS TO INSPIRE FINANCIAL WELL-BEING. 9 9 193 12 411418 0 0 0 30619777 31204744 1233130 1768944 79352 182480 31932259 33156168 0 0 2044137 2718829 9699579 11551451 0 0 0 17381778 17372564 29125494 31642844 2806765 1513324 547479699 541950448 495363014 487964003 52116685 53986445 BUILDING RELATIONSHIPS WITH MEMBERS, ASSOCIATES, AND THE COMMUNITY BY PROVIDING PERSONAL SOLUTIONS TO INSPIRE FINANCIAL WELL-BEING. 0 0 ENCOURAGING THRIFT AMONG OUR MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR OUR MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13122 0 193 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 0 0 X BETH LIGHTSEY 9047236300 701 RIVERSIDE PARK PL JACKSONVILLE FL 32204 MICHAEL HOGAN CHAIRPERSON 2.00 X X 0 0 0 SHELBA WILLIAMS VICE CHAIRPERSON 2.00 X X 0 0 0 HAROLD BOREE SECRETARY 2.00 X X 0 0 0 CYNTHIA A DELASSUS TREASURER 2.00 X X 0 0 0 GW BILL CAULEY DIRECTOR 2.00 X 0 0 0 ROBERT M GIPSON DIRECTOR 2.00 X 0 0 0 BILLIE C GREENLIEF DIRECTOR 2.00 X 0 0 0 WILLIAM H MACOMBER JR DIRECTOR 2.00 X 0 0 0 JOHN SCOTT III DIRECTOR 2.00 X 0 0 0 BRUCE J FAFARD PRESIDENT/CEO UNTIL SEPT 2019 40.00 X 2017070 0 35637 DAVID F MAROVICH PRESIDENT/CEO 40.00 X 236662 0 21276 JANE L SCOFIELD CFO UNTIL SEPT 2019 40.00 X 219809 0 17203 BENJAMIN M MUNDAY CHIEF FINANCIAL OFFICER 40.00 X 132679 0 21525 PAUL B BLACKSTONE CHIEF OPERATIONS OFFICER 40.00 X 241289 0 32147 MICHAEL F HELINSKY SVP OF INFORMATION TECHNOLOGY 40.00 X 162840 0 22534 CATHY S HUFSTETLER SVP OF LENDING 40.00 X 130181 0 15413 CLARA T KOVARIK VP OF HUMAN RESOURCES 40.00 X 122327 0 15544 ADAM P WADE VP OF MARKETING ANALYTICS 40.00 X 122844 0 8765 PETER HAYES VP OF BUSINESS SERVICES 40.00 X 114409 0 12335 3500110 0 202379 10 0 1 0 MCCURDY WALDEN INC 5267 COMMONWEALTH AVE JACKSONVILLE FL 32254 CONSTRUCTION 942586 PSCU 560 CARILLION PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING SOFTWARE 843707 FISERV 255 FISERV DR BROOKFIELD WI 53045 DATA PROCESSING/SOFTWARE 843023 TRUHOME 9601 LEGLER RD LENEXA KS 66219 MORTGAGE LOAN SERVICER 595259 Q2 E-BANKING 13785 RESEARCH BLVD STE 150 AUSTIN TX 78750 DATA PROCESSING/SOFTWARE 558030 26 INCOME ON MEMBER LOANS 522100 23006502 23006502 FEES AND CHARGES 522100 7176812 6765394 411418 OTHER MEMBER INCOME 522100 1021430 1021430 31204744 1355893 1355893 182480 0 182480 182480 182480 364819 3050135 0 3001903 364819 48232 413051 413051 33156168 30793326 411418 1951424 2718829 3160671 6284743 329123 939226 837688 169097 149316 1208115 1416021 817515 1760648 1369304 338526 506937 60999 2747843 210815 LOAN SERVICING 2483692 PROVISION FOR LOAN LOSS 2262848 ATM AND DEBIT EXPENSES 1286292 DUES AND SUBSCRIPTIONS 229712 354884 31642844 6402795 4944258 37326670 38561769 1254880 1324579 436610147 436513570 2009779 1134478 40310172 16406695 27101569 23903477 19811686 18905584 1820426 1604526 4643 15137104 15058207 547479699 541950448 3519095 3762346 156136 359461 413161 30000000 25000000 461484458 458632360 495363014 487964003 X 0 0 0 0 52116685 53986445 52116685 53986445 547479699 541950448 1513324 356436 0 X 0 1 X 1 0 0 1 X 5766144 5766144 13852625 2589708 11262917 800956 469792 331164 17856218 13347195 4509023 2034229 2034229 23903477 MEMBERS' SHARE AND DEPOSIT ACCOUNTS 458632360 458632360 33156168 0 33156168 0 33156168 31642844 0 31642844 0 31642844 PART IV, LINE 2B: THE ESCROW FUNDS HELD BY THE CREDIT UNION ARE MEMBERS FUNDS TO MAKE PAYMENTS ON THEIR PROPERTY TAXES AND INSURANCE. THE FUNDS ARE HELD BY THE CREDIT UNION, AND SERVICED BY THE CREDIT UNION'S THIRD PARTY MORTGAGE SERVICER. THE CREDIT UNION HAS AN OBLIGATION TO ALLOCATE FUNDS WHEN PAYMENTS ARE MADE, AND TO MAKE PROPERTY TAX AND INSURANCE PAYMENTS TIMELY. X 1 1 X X 1 1 0 BRUCE J FAFARD PRESIDENT/CEO UNTIL SEPT 2019 2004653 0 12417 0 0 0 13588 0 22049 0 2052707 0 0 0 DAVID F MAROVICH PRESIDENT/CEO 226662 0 10000 0 0 0 12296 0 8980 0 257938 0 0 0 JANE L SCOFIELD CFO UNTIL SEPT 2019 209809 0 10000 0 0 0 9977 0 7226 0 237012 0 0 0 BENJAMIN M MUNDAY CHIEF FINANCIAL OFFICER 131679 0 1000 0 0 0 8164 0 13361 0 154204 0 0 0 PAUL B BLACKSTONE CHIEF OPERATIONS OFFICER 231289 0 10000 0 0 0 10548 0 21599 0 273436 0 0 0 MICHAEL F HELINSKY SVP OF INFORMATION TECHNOLOGY 161840 0 1000 0 0 0 10678 0 11856 0 185374 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED TRAVEL FOR COMPANIONS FOR THE FOLLOWING INDIVIDUALS: MICHAEL HOGAN $536, SHELBA WILLIAMS $585, WILLIAM MACOMBER $1,554, G.W. CAULEY $57 PART I, LINES 4A-B BRUCE FAFARD PARTICIPATED IN, AND THE CREDIT UNION ACCRUED FOR, EXPENSES UNDER THE 457(F) PLAN. BRUCE FAFARD RECEIVED A SEVERANCE PAYMENT OF $80,769 DURING 2019. JANE SCOFIELD RECEIVED A SEVERANCE PAYMENT OF $50,581 DURING 2019. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THIS CREDIT UNION IS AVAILABLE TO THE EMPLOYEES (ACTIVE OR RETIRED) AND THEIR IMMEDIATE FAMILIES OF COMPANIES PROVIDING TELECOMMUNICATIONS SERVICES; AND, TO ORGANIZATIONS WHOSE MEMBERS ARE OF THE SAME GENERAL GROUP. MEMBERSHIP IN THIS CREDIT UNION IS AVAILABLE TO INDIVIDUALS THAT WORK, LIVE OR ATTEND SCHOOL IN THE FLORIDA COUNTIES OF DUVAL, CLAY, ST. JOHNS, NASSAU, BAKER, COLUMBIA, UNION, BRADFORD, ALACHUA, PUTNAM, AND FLAGLER AND THEIR IMMEDIATE FAMILIES. THE IMMEDIATE FAMILY IS DEFINED TO INCLUDE ANY PERSON RELATED TO THE PRIMARY MEMBER BY BLOOD OR MARRIAGE. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS AN ANNUAL ELECTION IN WHICH THE MEMBERS ELECT THE BOARD OF DIRECTORS. 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 A, LINE 8B THE CREDIT UNION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT PROVIDE A COPY OF FORM 990 TO THE GOVERNING BODY PRIOR TO FILING. THE 990 IS REVIEWED BY THE CFO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CREDIT UNION ASSOCIATE OR VOLUNTEER WHO IS OFFERED, RECEIVES OR ANTICIPATES RECEIVING SOMETHING OF VALUE BEYOND WHAT IS EXPRESSLY AUTHORIZED BY THESE POLICIES MUST DISCLOSE IT TO THE PRESIDENT/CEO. THE PRESIDENT/CEO SHALL PROVIDE A REPORT TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE, WHO SHALL REVIEW THE DECISIONS MADE BY THE PRESIDENT/CEO. IF NECESSARY, THE PRESIDENT/CEO SHALL WITH THE CONCURRENCE OF THE EXECUTIVE COMMITTEE, CONFER WITH THE NATIONAL CREDIT UNION ADMINISTRATION AND/OR OUR STATE REGULATOR TO DETERMINE THE PROPER COURSE OF ACTION. ALL CREDIT UNION ASSOCIATES OR VOLUNTEERS WILL DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST, INCLUDING THOSE IN WHICH THEY ARE INADVERTENTLY PLACED DUE TO A BUSINESS OR PERSONAL RELATIONSHIP WITH ANY MEMBER, SUPPLIER, BUSINESS ASSOCIATE, OR COMPETITOR OF THE CREDIT UNION, OR ANY OTHER ENTITY WITH WHICH THE CREDIT UNION DOES BUSINESS. FORM 990, PART VI, SECTION B, LINE 15A THE REVIEW OF THE CEO'S COMPENSATION IS DONE ANNUALLY BY THE BOARD OF DIRECTORS (BOD). THE BOD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AND EACH MEMBER DOES AN INDIVIDUAL REVIEW TO DETERMINE THE CEO'S COMPENSATION. THE CEO'S COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES. THE CEO USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AS WELL AS AN INTERNAL INDEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.