2020-11-13T14:46:34-06:00 2019-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2019-01-01 590729366 STATE CHARTERED CREDIT UNIONS IN FLORIDA STAT 7274317311 PO BOX 1500 DUNEDIN FL 34697 JANICE HOLLAR CFO 7274317311 2020-04-01 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2020-11-13 09:44:58 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2022-01-07 14:23:13Z ACHIEVA CREDIT UNION GARY REGOLI PO BOX 1500 DUNEDIN FL 34697 147460957 0 X WWW.ACHIEVACU.COM X 1937 FL NOT-FOR-PROFIT ORGANIZATION - STATE CHARTERED CREDIT UNION 9 9 573 13 89731 38506 0 0 83296072 89057100 5162385 8752133 0 0 88458457 97809233 0 0 0 0 29655637 33559537 0 0 0 43833846 44941547 73489483 78501084 14968974 19308149 1717085439 1780626340 1545738302 1587700384 171347137 192925956 NOT-FOR-PROFIT ORGANIZATION STATE CHARTERED CREDIT UNION. 0 0 CREDIT UNION FINANCIAL SERVICES. 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 32665 0 1 573 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JANICE HOLLAR 7274317311 1659 ACHIEVA WAY DUNEDIN FL 346987405 THERON HAWKINS BOARD MEMBER - CHAIRPERSON 1.00 X 6650 0 0 LINDA EMANUEL BOARD MEMBER - VICE CHAIRPERSON 1.00 X 4985 0 0 WALTER MOORE BOARD MEMBER 1.00 X 0 0 0 TOM OBERHOFER BOARD MEMBER 1.00 X 5202 0 0 EVERETT SILVERNAIL BOARD MEMBER 1.00 X 5004 0 0 ROHLAND BRYANT BOARD MEMBER 1.00 X 0 0 0 BILL WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 JAMES DAWSON BOARD MEMBER 1.00 X 0 0 0 JANET CANTEES BOARD MEMBER - TREASURER 1.00 X 2524 0 0 GARY REGOLI PRESIDENT/CEO 40.00 X 984335 0 28470 JANICE HOLLAR CFO 40.00 X 319836 0 27379 TARA MURPHY CIO 40.00 X 332704 0 27960 SARA DEPAUW CLO 40.00 X 300921 0 34633 JOHN WINTERMEIER CBO 40.00 X 224278 0 16801 JENNIFER GALLEY COO 40.00 X 283402 0 17940 DAVID OAK CMO 40.00 X 216563 0 26125 LISA SMITH CRO 40.00 X 195737 0 23721 TRACY INGRAM CTO 40.00 X 211428 0 16791 STEVEN NORDBECK FINANCIAL PLANNING & TRUST 40.00 X 333332 0 31228 HORACE HACKNEY VP CONTROLLER 40.00 X 149242 0 17337 REBBECCA FISHER FINANCIAL PLANNING & TRUST MANAGER 40.00 X 152182 0 17778 ANDREW DENIS FINANCIAL PLANNING & TRUST MANAGER 40.00 X 211972 0 23663 3940297 0 309826 42 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PROCESSOR 2069627 SOUTHERN CROSS CONTRACTING 389 INTERSTATE BLVD SARASOTA FL 34240 BUILDING CONTRACTOR 1225211 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 SOFTWARE PROVIDER 1103426 TEMENOS 40 GENERAL WARREN BLVD MALVERN PA 19355 SOFTWARE PROVIDER 982339 COMPANY MAN STUDIOS LLC 2008 WEST KENNEDY BLVD TAMPA FL 33606 MARKETING FIRM 680332 61 INTEREST ON LOANS TO MEMBERS 522100 59648275 59648275 FEES/CHARGES/OTHER 522100 29319094 29319094 NON MEMBER ATMS 900099 49186 49186 WARRANTY COMMISSION 524298 40545 40545 89057100 7649943 7649943 50753914 49651724 1102190 1102190 1102190 97809233 97719502 89731 0 X 3085170 23980831 1630161 2964577 1898798 125080 199247 1462981 3169369 2924308 2064973 2226402 438334 24593 11001449 165100 3659972 358968 PROVISION FOR LOAN LOSS 6041464 DEBIT CARD EXPENSES 3717938 MAINTENANCE 3541770 LOAN SERVICING 1557385 2262214 78501084 11756119 11583945 144378532 189288747 1592731 1223447 1294901721 1305515964 1693834 1859215 83148811 26615586 58455189 56533225 69726449 70009189 7567414 9841182 43289391 42109818 83724059 92661608 1717085439 1780626340 24310014 23939076 1117293 976176 15000000 7000000 1505310995 1555785132 1545738302 1587700384 X 0 0 0 0 171347137 192925956 171347137 192925956 1717085439 1780626340 19308149 2270670 0 X X 0 1 X 1 0 6500 6500 6500 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 591889104 6500 0 0 1 X 14628472 14628472 43989929 7995394 35994535 24530410 18620192 5910218 56533225 LOANS HELD FOR SALE 1510854 ACCRUED INCOME ON LOANS 2768643 ACCRUED INCOME ON INVESTMENTS 222971 DEFERRED COMP AGREEMENT - SERP 10191907 MORTGAGE SERVICING RIGHTS 1143500 REPOSSESSED ASSETS 178144 INVESTMENT IN CUSOS 631511 OTHER ASSETS 248088 DEFERRED COMP 457B 476514 CONSTRUCTION IN PROGRESS 4882496 WHOLE LIFE INSURANCE 48941096 CHARITABLE DONATIONS INVESTMENTS 6221145 NCUA SHARE INSURANCE DEPOSIT 15244739 92661608 SHARE DRAFTS 396549168 REGULAR SHARES 510638548 MONEY MARKET 276853983 IRA ACCOUNTS 29203826 CERTIFICATE OF DEPOSITS 342539607 1555785132 X PART IV, LINE 2B: AS A LOAN SERVICER, THE CREDIT UNION RECEIVES PRINCIPAL PAYMENTS, INTEREST PAYMENTS, TAX PAYMENTS AND INSURANCE PAYMENTS AND THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED 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 DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2018, 2017, AND 2016 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X X 0 1 0 GARY REGOLI PRESIDENT/CEO 749335 0 235000 0 0 0 13285 0 15185 0 1012805 0 0 0 JANICE HOLLAR CFO 261836 0 58000 0 0 0 20452 0 6927 0 347215 0 0 0 TARA MURPHY CIO 275704 0 57000 0 0 0 21900 0 6060 0 360664 0 0 0 SARA DEPAUW CLO 246921 0 54000 0 0 0 21900 0 12733 0 335554 0 0 0 JOHN WINTERMEIER CBO 199278 0 25000 0 0 0 16801 0 0 0 241079 0 0 0 JENNIFER GALLEY COO 240402 0 43000 0 0 0 17940 0 0 0 301342 0 0 0 DAVID OAK CMO 181663 0 34900 0 0 0 16675 0 9450 0 242688 0 0 0 LISA SMITH CRO 175737 0 20000 0 0 0 16051 0 7670 0 219458 0 0 0 TRACY INGRAM CTO 180428 0 31000 0 0 0 16791 0 0 0 228219 0 0 0 STEVEN NORDBECK FINANCIAL PLANNING & TRUST 42050 0 291282 0 0 0 21900 0 9328 0 364560 0 0 0 HORACE HACKNEY VP CONTROLLER 146192 0 3050 0 0 0 4829 0 12508 0 166579 0 0 0 REBBECCA FISHER FINANCIAL PLANNING & TRUST MANAGER 46833 0 105349 0 0 0 12588 0 5190 0 169960 0 0 0 ANDREW DENIS FINANCIAL PLANNING & TRUST MANAGER 41473 0 170499 0 0 0 13055 0 10608 0 235635 0 0 0 PART I, LINE 4B THE CREDIT UNION MAINTAINS A DEFERRED COMPENSATION PLAN FOR THE CEO. THE LIABILITY AS OF DECEMBER 31, 2019 APPROXIMATED $5,523,000. THE CREDIT UNION'S EXPENSE RELATED TO THIS PLAN APPROXIMATED $1,017,000 FOR THE YEAR ENDED DECEMBER 31, 2019. FORM 990, PART VI, SECTION A, LINE 6 WE HAVE MEMBERS AND OUR CURRENT FIELD OF MEMBERSHIP IS AS FOLLOWS: MEMBERSHIP IN ACHIEVA CREDIT UNION IS LIMITED TO INDIVIDUALS, TRUSTS, ASSOCIATES, ORGANIZATIONS, AND LEGAL ENTITIES RESIDING OR EMPLOYED IN PINELLAS, PASCO, HERNANDO, DESOTO, MANATEE, SARASOTA, CHARLOTTE, LEE, COLLIER, GLADES, HARDEE, HENDRY, HIGHLANDS, MONROE, AND HILLSBOROUGH COUNTIES AND IMMEDIATE FAMILY MEMBERS OF SUCH DEFINED TO INCLUDE PARENTS, CHILDREN, SPOUSE, OR SURVIVING SPOUSE OR THE MEMBER OR ANY OTHER RELATIVE BY BLOOD, MARRIAGE OR ADOPTION EVEN THOUGH SUCH INDIVIDUALS DO NOT RESIDE IN THE SAME HOUSEHOLD WITH THE MEMBER AND ASSOCIATIONS AND ORGANIZATIONS OF SUCH PERSONS AND EMPLOYEES OF THESE ASSOCIATIONS AND ORGANIZATIONS. ADDITIONALLY, PERSONS THAT HAVE CONTRIBUTED AT LEAST TEN DOLLARS TO ACHIEVA FOUNDATION ARE ELIGIBLE FOR MEMBERSHIP REGARDLESS OF WHERE THEY RESIDE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS NOMINATING COMMITTEE IS STRUCTURED FOR THE PURPOSE OF SELECTING AND MAINTAINING EFFECTIVE DIRECTORS. THE BOARD OF DIRECTORS NOMINATING COMMITTEE IS ORGANIZED AT THE ANNUAL MEETING FOR EACH ELECTION YEAR AND SERVES THROUGHOUT THE YEAR UNTIL A RECOMMENDED SLATE OF DIRECTORS ARE PRESENTED TO THE BOARD OF DIRECTORS AT THE FOLLOWING ANNUAL MEETING. THE COMMITTEE INCLUDES THREE DIRECTORS WHO ARE NOT CANDIDATES FOR RE-ELECTION THAT YEAR. MEMBERSHIP IN THE COMMITTEE ROTATES ANNUALLY USING AN ESTABLISHED SCHEDULE SO THAT EACH DIRECTOR (REGARDLESS OF OFFICE) WILL SERVE ONE TIME DURING EACH THREE YEAR PERIOD. THE COMMITTEE RECOMMENDS TO THE BOARD OF DIRECTORS A CHAIRPERSON, VICE-CHAIRPERSON AND SECRETARY/TREASURER FOLLOWING THE ANNUAL MEETING AT WHICH DIRECTORS ARE ELECTED AND TAKES INTO CONSIDERATION PERFORMANCE REQUIREMENTS AND ATTENDANCE INFORMATION IN ITS REVIEW OF CANDIDATES FOR RE-ELECTION. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT EVERY TWO YEARS THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THIS RETURN IS PREPARED BY SUBJECT MATTER EXPERTS AND REVIEWED BY THE ACCOUNTING CONTROLLER AND CHIEF FINANCIAL OFFICERS OF ACHIEVA CREDIT UNION. THE COMPLETED 990 WAS COMPARED TO THE PUBLISHED FINANCIAL REPORTS FOR ACCURACY, AND TO THE PRIOR YEAR'S RETURN FOR REASONABLENESS. FORM 990, PART VI, SECTION B, LINE 12C ALL VOLUNTEERS ARE REQUIRED TO SIGN AN AGREEMENT STATING THAT THEY WILL NOT KNOWINGLY TAKE ANY ACTION OR MAKE ANY STATEMENT INTENDED TO INFLUENCE THE CONDUCT OF ACHIEVA CREDIT UNION IN SUCH A WAY TO CONFER ANY FINANCIAL BENEFIT ON SUCH VOLUNTEERS, THEIR IMMEDIATE FAMILY MEMBERS OR ANY ORGANIZATION IN WHICH THEY OR THEIR FAMILY MEMBERS HAVE A PERSONAL INTEREST. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AND ANY ACTION THAT COMES BEFORE THE BOARD OF DIRECTORS AND WITHDRAW FROM THE MEETING ROOM DURING DISCUSSION, REVIEW, AND VOTING IN CONNECTION WITH THE MATTER. THE DISCLOSURE IS RECORDED IN THE MINUTES OF THE MEETING. ANNUAL DISCLOSURES OF POTENTIAL CONFLICTS ARE FILED BY THE BOARD OF DIRECTORS TO ENSURE COMPLIANCE WITH OUR CONFLICT OF INTEREST POLICY, AND THE INTERNAL AUDITOR CONDUCTS AN ANNUAL REVIEW OF THE OFFICIALS IN ACCORDANCE WITH STATUTE 657 039 PART 1. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY AND REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND COMPENSATION COMMITTEE WERE COMPLETED IN 2019 TO DETERMINE THE COMPENSATION FOR THE CEO. THE CEO ENGAGES AN INDEPENDENT THIRD PARTY TO PERFORM A SALARY SURVEY FOR SENIOR MANAGEMENT TEAM MEMBERS THE CEO USES THE SURVEY DATA TO DETERMINE EACH TEAM MEMBER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF OUR BRANCHES, AND ANNUAL FINANCIAL REPORTS ARE PROVIDED AT OUR ANNUAL MEMBER MEETING AND ARE ALSO AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 24E CORE DEPOSIT INTANGIBLE 691,019. ATM EXPENSES 656,454. MISCELLANEOUS 584,611. NEGATIVE BALANCE LOSSES 289,913. TRAINING/DEVELOPMENT/EDUCATION 32,131. UBIT 8,086. 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. COASTAL PROPERTY ASSETS I LLC 1659 VIRGINIA STREET DUNEDIN FL 34698 030430637 NOT USED CURRENTLY FL 0 131 ACHIEVA CREDIT UNION COASTAL PROPERTY ASSETS III LLC 1659 VIRGINIA STREET DUNEDIN FL 34698 590729366 PURCHASING LOANS FL 28891 897932 ACHIEVA CREDIT UNION THE ACHIEVA FOUNDATION CORPORATION 1659VIRGINIA STREET DUNEDIN FL 34698 320378770 FINANCIAL ASSISTANCE AND EDUCATION TO COMMUNITY FL 501(C)(3) LINE 10 ACHIEVA CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0