2019-11-14T15:04:01-06:00 2018-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2018-01-01 590857430 FLORIDA CENTRAL CREDIT UNION FLOR 8138793333 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA CEO/TREASURER OF THE BOARD 8133876112 2019-11-14 1 DOUGLAS J ORTH P01076394 3052328272 64.95.240.2 2019-11-14 12:41:14 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2020-04-17 16:48:07Z LAIDA E GARCIA 3333 HENDERSON BLVD TAMPA FL 33609 21071123 0 2106 X WWW.FLORIDACENTRALCU.COM X 1991 FL FLORIDACENTRAL CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS. 8 7 169 10 58750 13646 0 0 19614673 19475858 1089251 1595265 0 0 20703924 21071123 0 0 0 0 7591750 7288705 0 0 0 11210892 12663579 18802642 19952284 1901282 1118839 451208582 498115505 415371809 462344975 35836773 35770530 X FLORIDACENTRAL CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE 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 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 12339 0 1 169 1 1 1 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 1 0 X SHARON HILL 8133876144 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA CEO/BOARD TREASURER 40.00 X X 344176 0 83844 W MIGNONE DIRECTOR 1.00 X 5271 0 0 MARGARET SPURRIER CHAIRPERSON 1.00 X 0 0 0 STEPHEN SHEAR DIRECTOR 1.00 X 5438 0 0 STEVIE OSERLAND VICE CHAIRMAN 1.00 X 0 0 0 DAVID STEFFEN DIRECTOR 1.00 X 5611 0 0 KENNETH H SPENCE SECRETARY 1.00 X 5733 0 0 B HAMPEL DIRECTOR 1.00 X 0 0 0 JULIE FLATT EVP/COO 40.00 X 167725 0 34236 SHARON HILL CFO 40.00 X 176671 0 29566 CRAIG BURKHARD CHEIF CREDIT OFFICER 40.00 X 113325 0 40059 PATRICIA WADDELL IT MANAGER 40.00 X 113175 0 62161 JOSEPH MATTA CONTOLLER 40.00 X 109759 0 44280 THOMAS CHESTNUTT DIRECTOR OF SALES 40.00 X 126637 0 26236 BRIAN ROBINSON SVP/CMO 40.00 X 111282 0 50682 1284803 0 371064 9 0 1 0 AIR MECHANICAL AND SERVICE CORP PO BOX 153179 TAMPA FL 33684 A/C REPAIR/REPLACE 408466 KASASA LTD PO BOX 527 LUBBOCK TX 79408 REWARD CHECKING 333947 FISERV 75 REMITTANCE DR STE 6945 CHICAGO IL 60675 IN HOUSE CORE PROCESSING 315761 CONNECT FINANCIAL 64 E WINCHESTER ST STE 230 MURRAY UT 84107 HOMEBANKING 311383 COX RADIO INC-TAMPA BAY PO BOX 83199 CHICAGO IL 60691 ADVERTISING 297102 13 INTEREST ON LOANS 522100 12497760 12497760 FEES/CHARGES/OTHER 522100 6919348 6919348 NON MEMBER ATM FEE INCOME 900099 58750 58750 19475858 1595265 1595265 21071123 21012373 58750 0 X 1011655 5052886 -114601 888342 450423 57829 102169 68000 133173 695302 1007479 146908 496078 180521 17014 2092516 492736 156153 PROVISION FOR LOAN LOSS 2199103 SHARE/DEBIT/CREDIT CARD 1843736 MAINTENANCE AND REPAIRS 1292824 ATM EXPENSE 696341 985697 19952284 3192037 3888627 25245371 59047539 1021617 1476693 339777680 353796935 8409665 7953835 19736803 7002723 12456667 12734080 42777690 40452554 1100647 1095828 17227208 17669414 451208582 498115505 4800245 3091060 410571564 459253915 415371809 462344975 X 0 0 0 0 35836773 35770530 35836773 35770530 451208582 498115505 X 1118839 -391568 -793514 X X 0 1 X 1 0 2500 2500 2500 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 591889104 2500 PART I-A, LINE 1: CONTRIBUTED CREDIT UNION FUNDS TO THE FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE. 5666609 5666609 7965710 1772076 6193634 524657 389363 135294 5579827 4841284 738543 12734080 REGULAR SHARES 145077944 CHRISTMAS CLUB 283082 TIME DEPOSITS 80681495 CHECKING ACCOUNTS 27107643 ULTIMATE CHECKING 70011067 IRA ACCOUNTS 11703788 IRA CERTIFICATES 12817727 MONEY MARKET 41262150 ESCROW 3758 REGULAR SHARE BUSINESS 1463566 SHARE DRAFT BUSINESS 6846893 KASASA DEPOSITS 61994802 459253915 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. 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). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS PRIOR TO JUNE 30, 2018. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAS DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2018 AND 2017. X 1 1 X X X X 0 1 0 LAIDA E GARCIA CEO/BOARD TREASURER 344176 0 0 0 0 0 64377 0 19467 0 428020 0 0 0 JULIE FLATT EVP/COO 167725 0 0 0 0 0 16872 0 17364 0 201961 0 0 0 SHARON HILL CFO 176671 0 0 0 0 0 14410 0 15156 0 206237 0 0 0 CRAIG BURKHARD CHEIF CREDIT OFFICER 113325 0 0 0 0 0 11520 0 28539 0 153384 0 0 0 PATRICIA WADDELL IT MANAGER 113175 0 0 0 0 0 45624 0 16537 0 175336 0 0 0 JOSEPH MATTA CONTOLLER 109759 0 0 0 0 0 31853 0 12427 0 154039 0 0 0 THOMAS CHESTNUTT DIRECTOR OF SALES 126637 0 0 0 0 0 24975 0 1261 0 152873 0 0 0 BRIAN ROBINSON SVP/CMO 111282 0 0 0 0 0 27690 0 22992 0 161964 0 0 0 PART I, LINE 4B DURING 2018, THE CREDIT UNION FUNDED $18,500 FOR LAIDA GARCIA'S (PRESIDENT & CEO) 457(B) PLAN BENEFIT. THE CREDIT UNION ALSO ACCRUED $26,398 FOR A DEFERRED COMPENSATION PLAN FOR LAIDA GARCIA (PRESIDENT & CEO). FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS MEMBER OWNED. A CREDIT UNION IS LED BY A BOARD OF DIRECTORS (ALL OF WHOM MUST BE MEMBERS THEMSELVES), WHICH IS ELECTED BY THE CREDIT UNION MEMBERSHIP AND EACH MEMBER GETS ONE VOTE. 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. DECISIONS ARE MADE BY THE GOVERNING BODY WHO REPRESENTS THE MEMBERSHIP OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING MANAGER IS IN CHARGE OF PREPARING FORM 990. THE PRESIDENT AND CEO OF THE CREDIT UNION ALONG WITH THE CFO REVIEW THE RETURN AND MAKE THE NECESSARY CORRECTIONS. THE RETURN IS FILED WHEN COMPLETED. FORM 990, PART VI, SECTION B, LINE 15 A PERFORMANCE EVALUATION FORM IS COMPLETED BY THE BOARD ANNUALLY FOR THE CEO. THE CEO'S SALARY IS ALSO DETERMINED BY THE BOARD. FOR OTHER OFFICERS OR KEY EMPLOYEES, AN EVALUATION IS PERFORMED ANNUALLY BY THE CEO. JOB GRADES AND COMPENSATION RANGES FOR EACH GRADE ARE ESTABLISHED BY A THIRD-PARTY COMPENSATION FORM; KOGER, GOODWIN AND ASSOCIATES. 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.GOV WEBSITE VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND OUTSIDE SERVICES 133,173. FORM 990, PART IX, LINE 24E CREDIT AND COLLECTION EXPENSE 528,898. HOME BANKING 302,162. ASSOCIATION DUES 71,865. MISCELLANEOUS EXPENSE 38,625. EDUCATION AND PROMOTION 31,661. OTHER LOSSES 12,486. FORM 990, PART XI, LINE 9: NET PENSION LOSSES -793,514. 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. MEMBER SERVICES CORPORATION PO BOX 18605 TAMPA FL 336798605 592678556 CREDIT UNION SUPPORT SERVICE FL FLORIDA CENTRAL CREDIT UNION C 694219 834775 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 MEMBER SERVICE CORPORATION INC N 31700 ESTIMATED MEMBER SERVICE CORPORATION INC O 25141 ESTIMATED