2025-10-10T15:10:36-05:00 2024-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2024-01-01 590747276 STATE CHARTERED CREDIT UNIONS IN FLORIDA UNIVERSITY CREDIT UNION STAT 7864255000 13241 SW 136TH STREET MIAMI FL 33186 ERIC J HOSKINS EVP/CIO 7864255000 2025-10-09 1 0 MARY JO ALEXANDER P00002534 7709558600 2025-11-06 2024 2025-03-06 01:10:19Z ALBERT E ROSE 13241 SW 136TH STREET MIAMI FL 33186 9990658 0 2106 X WWW.MYUNICU.COOP X 1947 FL TO PROVIDE QUALITY FINANCIAL SERVICES FOR OUR MEMBERS TO IMPROVE THEIR FINANCIAL STATUS. 8 8 66 10 32288 0 0 0 6688048 6268651 2938076 3722007 0 0 9626124 9990658 0 0 0 0 3279963 2773467 0 0 0 5328843 6344946 8608806 9118413 1017318 872245 255503563 238682530 244391690 226198919 11111873 12483611 TO BE THE FINANCIAL INSTITUTION OF CHOICE IN THE COMMUNITIES WE SERVE WHILE EXPANDING OUR FIELD OF MEMBERSHIP AND GROWING OUR MEMBER BASE. 0 0 INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. THE ORGANIZATION HAD 15,331 MEMBERS DURING 2024. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 2954 0 1 66 1 1 1 0 0 0 0 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X UNIVERSITY CREDIT UNION 7864255000 13241 SW 136TH STREET MIAMI FL 33186 SCOTT INGOLD BOARD CHAIRMAN 5.00 X X 0 0 0 BENJAMIN SALZ VICE CHAIR 5.00 X X 0 0 0 HUMBERTO SPEZIANI TREASURER 5.00 X X 0 0 0 REMBERTO SANCHEZ SECRETARY 5.00 X X 0 0 0 ROBERT BURNS BOARD MEMBER 5.00 X 0 0 0 THOMAS SANTORO BOARD MEMBER 5.00 X 0 0 0 ALEX COLLINS BOARD MEMBER 5.00 X 0 0 0 NICOE ARZA BOARD MEMBER 5.00 X 0 0 0 ALBERT E ROSE PRESIDENT/CEO 40.00 X 519563 0 33366 ERIC J HOSKINS EVP/CIO 40.00 X 171091 0 12795 RICCARDO FRANCOIS AVP LENDING 40.00 X 206656 0 10056 JOHAN MOLINA AVP ACCOUNTING 40.00 X 108900 0 11285 1006210 0 67502 4 0 1 0 FISERV PO BOX 208457 DALLAS TX 75320 CORE PROCESSOR, HOME BANKING, BILL PAYER 520059 Q2 SOFTWARE INC 10355 PECAN PARK BLVD AUSTIN TX 78729 SOFTWARE 268120 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 216897 HAMILTON SAFE AND SECURITY SYSTEMS 6640 NW 17 AVE FORT LAUDERDALE FL 33309 ATM LEASES, SECURITY SYSTEMS 102699 AT&T PO BOX 6416 CAROL STREAM IL 60197 PHONE/ INTERNET SERVICES 101560 5 INTEREST ON LOANS 522100 4811611 4811611 FEES 522100 760616 760616 OTHER OPERATING INCOME 522100 696424 654672 32288 9464 6268651 3722007 3722007 9990658 6226899 32288 3731471 X 953528 1394668 23244 209119 192908 29799 83007 975601 237623 256789 481635 748935 3823 115031 1012399 42079 123865 DIVIDENDS AND INTEREST 1297295 LOAN SERVICING EXPENSE 479834 PROVISION FOR LOAN LOSS 243128 CLAIMS DEDUCTIBLE EXPEN 89593 124510 9118413 945277 1077706 41989383 53879373 803202 228588 108028624 93283231 242034 704799 16131677 7148054 9091017 8983623 80514871 67283513 6533546 4897209 6351 7355609 8338137 255503563 238682530 3906508 3561689 25416667 15417667 215068515 207219563 244391690 226198919 X 0 0 0 0 11111873 12483611 11111873 12483611 255503563 238682530 872245 499493 0 X X 0 1 X 1 0 3001502 3001502 8563387 2857734 5705653 555402 534111 21291 3984830 3756209 228621 26556 26556 8983623 SHARE DRAFTS 63411415 SHARES AND CLUBS 73725313 MONEY MARKET 31758725 IRA SHARES 4136650 SHARES CERTIFICATES 34187460 207219563 X 10490151 499493 499493 9990658 0 9990658 9118413 0 9118413 0 9118413 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 1 1 X 0 1 0 ALBERT E ROSE PRESIDENT/CEO 290576 0 15861 0 213126 0 6880 0 26486 0 552929 0 204461 0 RICCARDO FRANCOIS AVP LENDING 150822 0 38000 0 17834 0 1432 0 8624 0 216712 0 17038 0 ERIC J HOSKINS EVP/CIO 147202 0 23000 0 889 0 3969 0 8826 0 183886 0 0 0 PART I, LINE 1A SPOUSE (OR GUEST) EXPENSE. THE SPOUSE OR GUEST OF EACH DIRECTOR AND OFFICER IS ENCOURAGED TO ATTEND THE UNIVERSITY CREDIT UNION STRATEGIC PLANNING SESSION. THE ORGANIZATION PAYS FOR HOTEL ACCOMODATIONS. PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATE IN A 457(F) PLAN: ALBERT E. ROSE, PRESIDENT/CEO ERIC HOSKINS, EVP/COO RICCARDO FRANCOIS, AVP OF LENDING ALBERT E. ROSE RECEIVED AN ADVANCED BENEFIT PAYOUT IN THE AMOUNT OF $204,461 DURING 2024. RICCARDO FRANCOIS RECEIVED AN ADVANCED BENEFIT PAYOUT IN THE AMOUNT OF $17,038 DURING 2024. PART I, LINE 7 2024 PERFORMANCE INCENTIVE PLAN BASED ON DEFINED MATRIX WAS PAID OUT IN FEBRUARY OF 2025. FORM 990, PART VI, SECTION A, LINE 2 BOARD SECRETARY, REMBERTO SANCHEZ, HAS A FAMILY RELATIONSHIP WITH BOARD CHAIRMAN, SCOTT INGOLD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 15,331 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. 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 AVP OF ACCOUNTING AND THE AVP OF HUMAN RESOURCES AND TRAINING GATHER INFORMATION AND SEND TO THE PREPARER, MAULDIN & JENKINS. THE FORM 990 IS THEN REVIEWED BY THE AVP OF ACCOUNTING, THE AVP OF HUMAN RESOURCES AND TRAINING, THE EXECUTIVE VICE PRESIDENT/CHIEF INFORMATION OFFICER, AND PRESIDENT/CEO BEFORE THE FINAL FILING. FORM 990, PART VI, SECTION B, LINE 12C THE STANDARDS OF CONDUCT POLICY IS SENT TO ALL TEAM MEMBERS AND ALL MEMBERS OF THE BOARD OF DIRECTORS TO REVIEW AND SIGN ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS SETS GOALS AND HAS AN ANNUAL REVIEW FOR THE PRESIDENT/CEO AND THEY DETERMINE THE PRESIDENT/CEO'S SALARY. ALL OTHER EMPLOYEES RECEIVE A REVIEW EVERY DECEMBER AND THAT IS WHEN THE ANNUAL RAISES ARE DETERMINED BASED ON THE PERFORMANCE OF THE EMPLOYEE AND THE RAISE POOL APPROVED BY THE BOARD OF DIRECTORS. 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 MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OUTISDE SERVICES 250,426. DEBIT AND ATM SERVICES 410,682. SERVICE BUREAU E*BRANCH 244,500. BILLPAYER SERVICE 69,993. 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. THE ORGANIZATION ENLISTED A NEW INDEPENDENT AUDITOR IN 2024. STATE CHARTERED CREDIT UNIONS IN FLORIDA UNIVERSITY CREDIT UNION HAS REASONABLE CAUSE FOR DELAYED FILING OF THE 2024 FORM 990. DURING 2025, THE ORGANIZATION ENGAGED A NEW FIRM TO CONDUCT AUDIT AND TAX PREPARATION. THE CURRENT FIRM RELIED ON THE PREDECESSOR FIRM'S PREPARATION OF FORM 990 EXTENSION DUE 5.15.2025. UPON DISCOVERY THAT THE PREVIOUS CPA FIRM DID NOT FILE AN EXTENSION, FORM 990 WAS PREPARED FOR FILING. PLEASE WAIVE ALL PENALTIES.