MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION (EIN 59-1319114)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-10-08
IRS object ID: 202502819349301105
Schema version: 2024v5.2
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 C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-10-08T09:49:30-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	994260840	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	8785 SW 165TH AVENUE SUITE 303	AddressLine1Txt
City	MIAMI	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33193	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	591319114	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MEMORIAL EMPLOYEES FINANCIAL	BusinessNameLine1Txt
Business Name Line2	CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MEMO	BusinessNameControlTxt
Phone	9548447560	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3501 JOHNSON STREET	AddressLine1Txt
City	HOLLYWOOD	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33021	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GEORGE GLASSER	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	9542651003	PhoneNum
Signature	2025-10-07	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	AUBREY CLEGG	PreparerPersonNm
PTIN	P01076395	PTIN
Phone	3052328272	PhoneNum
Preparation	2025-10-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	GEORGE GLASSER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3501 JOHNSON STREET	AddressLine1Txt
City	HOLLYWOOD	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33021	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$4,301,042	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.MEFCU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1971	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	OUR MISSION IS TO GROW ALONG WITH OUR SPONSOR BY PROVIDING LIFELONG PERSONAL SERVICE AND INNOVATIVE FINANCIAL PRODUCTS.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	24	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$14,400	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$1,236	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$2,377,570	PYProgramServiceRevenueAmt
CY Program Service Revenue	$3,337,090	CYProgramServiceRevenueAmt
PY Investment Income	$621,293	PYInvestmentIncomeAmt
CY Investment Income	$963,952	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$2,998,863	PYTotalRevenueAmt
CY Total Revenue	$4,301,042	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$6,200	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,074,228	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,690,392	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,419,790	PYOtherExpensesAmt
CY Other Expenses	$2,381,296	CYOtherExpensesAmt
PY Total Expenses	$2,494,018	PYTotalExpensesAmt
CY Total Expenses	$4,077,888	CYTotalExpensesAmt
PY Revenues Less Expenses	$504,845	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$223,154	CYRevenuesLessExpensesAmt
Total Assets BOY	$89,416,526	TotalAssetsBOYAmt
Total Assets EOY	$89,035,102	TotalAssetsEOYAmt
Total Liabilities BOY	$84,560,513	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$83,697,562	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,856,013	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$5,337,540	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE OBJECTIVE AND PURPOSE OF THIS CREDIT UNION IS A COOPERATIVE NONPROFIT ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSES OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBER 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	Yes (1)	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	0	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	1505	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	24	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	7	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	0	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	GEORGE GLASSER	PersonNm
Phone	9548447560	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3501 JOHNSON STREET	AddressLine1Txt
City	HOLLYWOOD	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33021	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DIONNE BLACKWOOD
CHAIRPERSON	5.00	Yes (X)	$0	$0	$0
WILLIAM EDELSTEIN
VICE CHAIRPERSON	5.00	Yes (X)	$0	$0	$0
WALTER NUSSELL
TREASURER	5.00	Yes (X)	$0	$0	$0
ED WARNER
SECRETARY	5.00	Yes (X)	$0	$0	$0
DENISE DICESARE
DIRECTOR	5.00	Yes (X)	$0	$0	$0
JUDY FRUM
DIRECTOR	5.00	Yes (X)	$0	$0	$0
WILLIAM WHEATLEY
DIRECTOR	5.00	Yes (X)	$0	$0	$0
LESLIE SCOTT SINGER
DIRECTOR	5.00	Yes (X)	$0	$0	$0
DEBORAH LESSARD
DIRECTOR	5.00	Yes (X)	$0	$0	$0
GEORGE GLASSER
CEO	40.00	Yes (X)	$281,587	$0	$127,086	Yes (X)
OSCAR SANCHEZ
SVP LENDING	40.00		$160,925	$0	$15,501	Yes (X)
ELLEN HOUSMAN
CFO	40.00		$147,827	$0	$19,035	Yes (X)
COLLEEN JONES
VP OF COMPLIANCE	40.00		$113,550	$0	$14,967		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$703,889	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$176,589	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FISERV
PO BOX 934057	ATLANTA	GA	31193	CORE PROCESSOR	$488,233
DYNAMIC QUEST
PO BOX 67096	NEWARK	NJ	07101	IT	$128,247

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS	522100	$2,704,773	$2,704,773
FEE INCOME	522100	$617,917	$617,917
FINANCE AND INSURANCE	520000	$14,400		$14,400

Field	Value	IRS element (for citing)
Total Program Service Revenue	$3,337,090	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$963,952	TotalRevenueColumnAmt
Exclusion	$963,952	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,301,042	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,322,690	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$14,400	UnrelatedBusinessRevenueAmt
Exclusion	$963,952	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$6,200	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$751,961	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$614,635	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$167,156	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$63,630	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$93,010	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$2,000	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$12,206	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$81,444	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$425,932	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$32,101	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$142,989	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$287,784	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$27,231	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$930,845	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$46,741	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$64,529	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING EXPENSE	$224,650
PROVISION FOR LOAN LOSS	$58,500
OPERATING FEES EXPENSE	$24,456
MISCELLANEOUS EXPENSES	$19,888

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,077,888	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,248,645	BOYAmt
EOY	$1,296,707	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,747,325	BOYAmt
EOY	$5,766,176	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$385	BOYAmt
EOY	$11,250	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$46,002,070	BOYAmt
EOY	$45,693,402	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$97,312	BOYAmt
EOY	$90,836	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$868,545	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$748,186	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$77,313	BOYAmt
EOY	$120,359	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$37,876,429	BOYAmt
EOY	$34,708,121	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$105,100	BOYAmt
EOY	$105,100	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,261,947	BOYAmt
EOY	$1,243,151	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$89,416,526	BOYAmt
EOY	$89,035,102	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,022,801	BOYAmt
EOY	$1,948,526	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$82,537,712	BOYAmt
EOY	$81,749,036	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$84,560,513	BOYAmt
EOY	$83,697,562	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	$4,856,013	BOYAmt
EOY	$5,337,540	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,856,013	BOYAmt
EOY	$5,337,540	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$89,416,526	BOYAmt
EOY	$89,035,102	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$223,154	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$258,373	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 C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$481	PoliticalExpendituresAmt
Internal Funds Contributed	$481	InternalFundsContributedAmt
Total Exempt Function Expend	$481	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (1)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC)	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3692 COOLIDGE COURT	AddressLine1Txt
City	TALLAHASSEE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32311	ZIPCd

Field	Value	IRS element (for citing)
Paid Internal Funds	$481	PaidInternalFundsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$868,545	OtherCostOrOtherBasisAmt
Depreciation	$748,186	DepreciationAmt
Book Value	$120,359	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$120,359	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER DEPOSITS	Desc
Amt	$81,749,036	Amt

Field	Value	IRS element (for citing)
Total Liability	$81,749,036	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$4,301,042	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$4,301,042	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$4,301,042	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$4,077,888	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$4,077,888	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$4,077,888	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, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM MOST FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
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 (3 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
GEORGE GLASSER
CEO	$227,791	$0	$43,296	$0	$10,500	$0	$120,034	$0	$7,052	$0	$408,673	$0	$0	$0
OSCAR SANCHEZ
SVP LENDING	$122,023	$0	$30,134	$0	$8,768	$0	$11,979	$0	$3,522	$0	$176,426	$0	$0	$0
ELLEN HOUSMAN
CFO	$134,485	$0	$9,789	$0	$3,553	$0	$15,224	$0	$3,811	$0	$166,862	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	GEARGE GLASSER, CEO, PARTICIPATES IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE CREDIT UNION ACCRUED $84,727 DURING 2024 TOWARD THE PLAN.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	MEMBERSHIP IN THIS CREDIT UNION IS LIMITED TO: (A) THOSE PERSONS AND BUSINESSES WHO WERE MEMBERS OF MEMORIAL EMPLOYEES FEDERAL CREDIT UNION AS OF THE DATE THE FEDERAL CREDIT UNION WAS REPLACED BY THIS CREDIT UNION PURSUANT TO A CHARTER CONVERSION IN ACCORDANCE WITH FEDERAL AND FLORIDA LAWS AND REGULATIONS; (B) EMPLOYEES AND STAFF DOCTORS OF MEMORIAL HOSPITAL WHO WORK IN HOLLYWOOD, FLORIDA; (C) AUXILIARY VOLUNTEERS WHO ARE ASSIGNED TO MEMORIAL HOSPITAL IN HOLLYWOOD, FLORIDA; (D) PERSONS WHO RETIRED AS PENSIONERS AND/OR ANNUITANTS UNDER PRIVATE PENSION PLANS FROM MEMORIAL HOSPITAL IN HOLLYWOOD, FLORIDA; (E) IMMEDIATE FAMILY MEMBERS OF ANY MEMBERS OF THE CREDIT UNION; (F) PERSONS WHO LIVE, WORK OR WORSHIP IN ANY OF THE FOLLOWING FLORIDA COUNTIES: MIAMI-DADE, BROWARD AND PALM BEACH (THE "MEMBERSHIP COUNTIES"); (G) ANY BUSINESS, ORGANIZATION OR ASSOCIATION WHICH MAINTAIN OFFICES LOCATED WITHIN THE MEMBERSHIP COUNTIES; (H) EMPLOYEES OF MEMORIAL HEALTHCARE WHO LIVE OR WORK IN THE STATE OF FLORIDA; (I) ANY BUSINESS, ORGANIZATION OR ASSOCIATION FOR WHICH A MEMBER OF THE CREDIT UNION IS AN OWNER, SHAREHOLDER, MEMBER, OR PARTNER; AND (J) TRUSTS FOR WHICH A MEMBER OF THE CREDIT UNION SERVES AS SETTLOR, TRUSTEE, OR BENEFICIARY. THE CREDIT UNION SHALL NOT ADMIT MORE THAN AN AGGREGATE OF 900 NEW MEMBERS PER CALENDAR YEAR WHERE SUCH MEMBERS QUALIFY FOR MEMBERSHIP BASED SOLELY ON SUBSECTION (F), (G) OR (H) OF THE MEMBERSHIP COUNTIES.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS.
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 990 WILL BE COMPILED BY THE SVP LENDING, PREPARED BY OUR INDEPENDENT THIRD-PARTY TAX PREPARER, AND REVIEWED BY THE CEO PRIOR TO FILING. SUBSEQUENT TO FILING, A COPY OF THE COMPLETED RETURN WILL BE PROVIDED TO THE BOARD AS INFORMATIONAL AT THE NEXT BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 12C	AN ANNUAL DISCLOSURE STATEMENT IS COMPLETED AND SIGNED BY ALL EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15	THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF CUNA'S ANNUAL COMPENSATION SURVEY AND THE CURRENT YEAR PERFORMANCE EVALUATION. THE PROCESS IS PERFORMED BY THE COMPENSATION COMMITTEE AND PRESENTED TO THE FULL BOARD FOR APPROVAL. THERE IS AN ACTIVVE CONTRACT IN PLACE BETWEEN THE CEO AND THE BOARD OF DIRECTORS DETERMINING SALARY EXPECTATIONS. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION C, LINE 19	ANNUAL FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE, AND THE MONTHLY FINANCIALS ARE POSTED IN EACH BRANCH. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART IX, LINE 11G	WEB SITE & HOME BANKING EXP 134,048. ATM- DEBIT CARD PROCESSING EXP 216,023. SHARE DRAFT PROCESSING EXPENSE 2,640. OTHER PROFESSIONAL AND OUTSIDE SERVICES 73,221.
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.
FORM 990, PART VI, SECTION B, LINE 13	THE CREDIT UNION DOES NOT HAVE A WHISTLE BLOWER POLICY. HOWEVER, THE CREDIT UNION'S EMPLOYEE HANDBOOK, WHICH IS APPROVED BY THE BOARD OF DIRECTORS, ADDRESSES WHISTLE-BLOWER PROCEDURES. ADDITIONALLY, THE CREDIT UNION'S THIRD-PARTY LEGAL COUNSEL REVIEWED THE WHISTLE BLOWER PROCEDURES WITHIN THE EMPLOYEE HANDBOOK FOR ADEQUACY. THE EMPLOYEE HANDBOOK IS DISTRIBUTED TO EVERY CREDIT UNION EMPLOYEE.