2025-09-10T11:59:20-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 590873652 STATE CHARTERED CREDIT UNIONS IN FLORIDA ENVISION CREDIT UNION STAT 8509429000 2082 SUMMIT LAKE DRIVE TALLAHASSEE FL 32317 BOB DOBY JR INTERIM CFO 8509429000 2025-09-02 1 0 AUBREY CLEGG P01076395 3052328272 2025-09-02 2024 2025-03-06 01:10:19Z ENVISION CREDIT UNION MR DARRYL WORRELL 2082 SUMMIT LAKE DRIVE TALLAHASSEE FL 32317 60956862 0 2106 X WWW.ENVISIONCU.COM X 1954 FL TO PROVIDE INNOVATIVE PRODUCTS AND FINANCIAL EDUCATION TO OUR MEMBERS AND SUPPORT OUR LOCAL COMMUNITIES TO PROMOTE GREATER ECONOMIC OPPORTUNITY. 6 6 309 8 173686 0 257000 0 44045505 46056802 3870557 6235101 8380072 8582935 56553134 60874838 0 0 0 0 16243230 16846838 0 0 0 35207536 40289067 51450766 57135905 5102368 3738933 836726256 839902667 776923726 773886424 59802530 66016243 TO PROVIDE INNOVATIVE PRODUCTS AND FINANCIAL EDUCATION TO OUR MEMBERS AND SUPPORT OUR LOCAL COMMUNITIES TO PROMOTE GREATER ECONOMIC OPPORTUNITY. 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 13913 0 1 309 1 1 1 0 0 0 0 0 0 0 X 6 6 0 1 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 600 0 0 H EUGENE MORGAN SECRETARY 1.00 X 0 0 0 DR CHRISTOPHER SMALL BOD & SUPERVISORY COMMITTEE MEMBER 1.00 X 600 0 0 CHANDLER RUSSELL SUPERVISORY COMMITTEE MEMBER 1.00 X 600 0 0 DR RONALD CARNEY SUPERVISORY COMMITTEE MEMBER 1.00 X 600 0 0 DARRYL G WORRELL PRESIDENT/CEO 40.00 X 639846 0 56362 BOB DOBY JR INTERIM CFO 26.00 X 0 0 0 HOLLIE MADDOX SVP CHIEF OPERATIONS OFFICER 40.00 X 593432 0 33064 RUDOLPH ARCEO SVP STRATEGIC DEVELOPMENT 40.00 X 554623 0 29934 GRADY HUDSON SVP CHIEF INFORMATION OFFICER 25.00 X 192078 0 26280 RUTHELLEN CALDWELL VP FINANCIAL CENTERS 40.00 X 164386 0 16289 MINDY DESHERLIA VP REMOTE DELIVERY SERVICE 40.00 X 118153 0 17603 MELISSA HEWETT AVP HOME LOANS MANAGER 40.00 X 117422 0 18772 WILLIAM ROGERS AVP IT FACILITIES 40.00 X 116962 0 7547 GENE SELIGER MORTGAGE LOAN ORIGINATOR 40.00 X 113365 0 20564 2614467 0 226415 9 0 1 0 UNITED SOLUTIONS COMPANY PO BOX 5496 TALLAHASSEE FL 32314 OPTICAL & NETOWRK SERVICES 2562509 FISERV INC PO BOX 934057 ATLANTA GA 31193 CREDIT/DEBIT CARD SERVICES 2322053 DIGITIAL FIRST HOLDINGS LLC FKA NCR CO 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ONLINE BANKING SERVICES & ITM/ATM MAINTE 1924021 CONSTRUCTION & MAINTENANCE SPECIALISTS L 3618 N MONROE ST TALLAHASSEE FL 32303 COMMERCIAL MAINTENANCE SERVICES 858644 BOWSTERN LLC 3122 MAHAN DR STE 801-327 TALLAHASSEE FL 32308 MARKETING COMMUNICATIONS SERVICES 670048 24 INTEREST ON LOANS 522100 36098896 36098896 FEES/CHARGES/OTHER 522100 9784220 9784220 FINANCE AND INSURANCE 540000 173686 173686 46056802 6235101 6235101 151110 82024 69086 69086 69086 OTHER OPERATING INCOME 522100 8513849 8513849 8513849 60874838 60701152 173686 0 X 2129819 10922269 2754253 1040497 244803 17730 14013 1393386 1300607 1231250 3480463 563847 122510 131293 10609409 111468 827134 220106 PROVISION FOR LOAN LOSS 5585802 VISA/DEBIT FEES/CHARGES 5204808 EQUIPMENT RENTAL/MAINTE 3166339 LOAN SERVICING 2967114 3096985 57135905 25687422 8366807 17246023 43619433 5438954 9725743 12163712 12467795 603066459 607346275 1849926 2460894 34921095 12420472 22789250 22500623 106267403 96187153 11981829 11542465 30235278 25685479 836726256 839902667 21774608 16655443 13918000 15000000 15000000 726231118 742230981 776923726 773886424 X 0 0 0 0 59802530 66016243 59802530 66016243 836726256 839902667 3738933 2474780 0 X X 0 1 X 1 0 2361 2361 2361 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 2361 5341169 5341169 22008194 6452947 15555247 588868 239692 349176 6982864 5727833 1255031 22500623 CHECKING ACCOUNTS 216788115 REGULAR SHARES 258923092 MONEY MARKET 97764175 CERTIFICATES OF DEPOSIT 131546251 IRA/KEOGH 9243348 NON MEMBER CDS 27966000 742230981 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 543069 0 96777 0 0 0 20720 0 35642 0 696208 0 0 0 HOLLIE MADDOX SVP CHIEF OPERATIONS OFFICER 215791 0 363370 0 14271 0 20342 0 12722 0 626496 0 0 0 RUDOLPH ARCEO SVP STRATEGIC DEVELOPMENT 484588 0 43470 0 26565 0 17803 0 12131 0 584557 0 0 0 GRADY HUDSON SVP CHIEF INFORMATION OFFICER 167508 0 24570 0 0 0 10924 0 15356 0 218358 0 0 0 RUTHELLEN CALDWELL VP FINANCIAL CENTERS 124771 0 35119 0 4496 0 4802 0 11487 0 180675 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 ENVISION CREDIT UNION 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 PURPOSE OF THE SECOND POLICY IS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. DARRYL WORRELL PRESIDENT/CEO TO FUND DEFERRED COMPENSATION PLAN X 5851580 7861320 0 1 1 WILLIAM ENFINGER SVP/CHIEF LENDING OFFICER TO FUND LIFE INSURANCE POLICY X 1250000 1839144 0 1 1 STEPHANIE STRAKER FORMER SVP/CFO TO FUND LIFE INSURANCE POLICY X 2575000 2767331 0 1 1 12467795 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 3 BOB DOBY JR. OF DJ CONSULTING, INC. PERFORMED THE FUNCTION OF INTERIM CFO FOR THE CREDIT UNION DURING 2024. IN HIS ROLE AS INTERIM CFO, BOB OVERSAW THE ACCOUNTING AND FINANCIAL REPORTING FUNCTIONS. BOB RECEIVED COMPENSATION OF $247,817 FOR SERVICES PERFORMED FOR ENVISION CREDIT UNION. 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 ENVISION CREDIT UNION, 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 NON-DISCRIMINATORY 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 24E MISC. EXPENSE 1,227,369. ATM/DEBIT VISA NETWORK COSTS 852,124. REAL ESTATE/TANGIBLE TAXES 309,764. FRAUD LOSSES 264,902. ATM/DEBIT MISC LOSSES 204,740. NCUA ASSESSMENT 154,029. EDUCATION 71,490. CASH OVER/SHORT 12,567. 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 29348 226693 ENVISION CREDIT UNION IDRIVE LENDING LLC 2806 SHARER ROAD TALLAHASSEE FL 32312 461603351 INDIREDCT AUTO LENDING FL RELATED -18347 78007 0 0 0.33400 UNITED SOLUTIONS COMPANY PO BOX 5496 TALLAHASSEE FL 32314 592285914 CU SERVICES FL C 213859 6881335 0.67790 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 UNITED SOLUTIONS COMPANY A 270197 ACTUAL INTEREST EARNED ON LOAN UNITED SOLUTIONS COMPANY S 498767 USC DEPOSITS AT ENVISION CU UNITED SOLUTIONS COMPANY M 2535650 ACTUAL DATA PROCESSING EXPENSE UNITED SOLUTIONS COMPANY D 4393002 PRINCIPAL BALANCE