2018-09-14T16:08:44-07:00 2017-12-31 990 2017-01-01 590729366 STATE CHARTERED CREDIT UNIONS IN FLORIDA STAT 7274317311 PO Box 1500 Dunedin FL 34697 Janice Hollar CFO 7274317508 2018-09-14 2017 2022-09-23 18:48:47Z X Achieva Credit Union Janice Hollar CFO PO Box 1500 Dunedin FL 34697 84495838 0 X www.achievacu.com X 1937 FL Not-for-profit organization State Chartered Credit Union 10 10 519 10 130249 20547 0 0 71830392 75078304 5757834 6404972 3480344 3012562 81068570 84495838 15000 0 0 0 28102780 28903045 0 0 0 41544940 40489060 69662720 69392105 11405850 15103733 1454195982 1534542513 1311526328 1376547574 142669654 157994939 Not-for-profit organization, State Chartered Credit Union 0 0 69392105 0 84495838 Credit Union Financial Services 0 0 0 69392105 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 30 0 1 519 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 FL X Janice Hollar 7274317508 PO Box 1500 Dunedin FL 34697 TD Hawkins Chairman, Board of Directors 0 X 0 0 0 Linda B Emanuel Vice Chairman, Board of Directors 0 X 0 0 0 Trellis Poe Secretary / Treasurer, Board of Directors 0 X 0 0 0 Tom Oberhofer Board Member 0 X 0 0 0 Mike Silvernail Board Member 0 X 0 0 0 Jack Berthy Board Member 0 X 0 0 0 Rohland Bryant Supervisory Committee Chairperson 0 X 0 0 0 Bill Williamson Board Member 0 X 0 0 0 James Dawson Board Member 0 X 0 0 0 Janet Cantees Board Member 0 X 0 0 0 Gary Regoli President & CEO 50 X X 1169219 0 12808 Dennis Holthaus EVP 50 X X 342628 0 21400 Tara Murphy SVP Retail Sales and Service 50 X X 347933 0 21000 John Wintermeier SVP, CIO 50 X X 278092 0 20621 Janet Till SVP People & Corporate Culture 50 X X 284899 0 18137 Lisa Smith SVP Risk Management 50 X X 216714 0 16785 Sara Depauw SVP CLO 50 X X 236176 0 18364 Janice Hollar SVP/CFO 50 X X 202436 0 11120 Steve Nordbeck VP Wealth Managment 50 X 318651 0 21588 Victoria Prast VP Real Estate Lending 50 X 165952 0 9516 Horace Hackney Controller 50 X 133394 0 4265 Jennifer Galley VP Project Management 50 X 145092 0 11574 Gina Francisco Financial Planning and Trust Manager 50 X 184524 0 7648 4025710 0 194826 32 0 1 0 0 0 Loan Interest Income 522130 52533261 52533261 0 0 Fee Income 522130 10178006 10178006 0 0 Interchange Income 522130 10074716 10074716 0 0 Commission Income 522130 2292321 2243713 48608 0 0 0 0 0 75078304 3539638 3539638 0 0 0 0 0 0 0 0 0 0 63445 0 0 0 63445 0 63445 63445 0 0 302 2865032 0 0 302 2865032 2865334 2865334 0 0 ATM Surcharge Income 522130 81641 0 81641 0 Servicing Income 522130 711013 711013 0 0 Miscellaneous Income 522130 2156463 2156463 0 0 0 0 0 0 2949117 84495838 84365589 130249 0 0 0 0 0 0 0 23258905 1432036 2449698 1762406 0 110010 226996 0 0 0 872840 2387147 1884982 5589266 0 2810218 195435 0 295177 0 0 3099928 343267 Dividend/Interest Expense 5352100 ATM/Debit Card Expenses 5069947 Loan Processing Expenses 910971 Provision for Loan Losses 9467006 1873770 69392105 0 0 0 8260958 7872213 102349897 165874508 0 0 0 0 50000 94569 0 0 1156171274 1147321656 0 0 1758465 1441544 78850466 25893403 53077695 52957063 14074166 41015618 0 0 0 0 31921694 31227390 86531833 86737952 1454195982 1534542513 25028016 25790902 0 0 0 0 0 0 1421313 1726592 0 0 21000000 20000000 0 1264076999 1329030080 1311526328 1376547574 X 0 0 0 0 142669654 157994939 142669654 157994939 1454195982 1534542513 15103733 221552 0 0 0 0 X 0 1 X 1 0 0 1 X 13045472 0 13045472 38813909 0 9068663 29745246 4812814 0 2429305 2383509 21258169 0 14395435 6862734 920102 0 0 920102 52957063 Member Deposit Insurance 13221343 Accrued Interest Investments 111997 Accrued Interest Loans 3034249 Deferred Comp 9213353 Annuities, 457B, CDA 51955355 FHLB Deposit Requirement 2222600 Corporate One Capital Shares 900000 Miscellaneous Receivables 1570228 Other Assets 4508827 86737952 Member Deposit Accounts 1329030080 1329030080 84495838 0 0 0 0 0 84495838 0 0 0 84495838 69392105 0 0 0 0 0 69392105 0 0 0 69392105 Schedule D, Part IV, Line 2b Schedule D, Part IV, Line 2b - Schedule D, Part IV, Line 2b - Achieva Credit Union is a custodian for FNMA escrow and principal and interest payments to be remitted to FNMA. Achieva Credit Union also collects escrow payments for its first mortgage loans and in November of each year remits the annual taxes due for escrowed members as well as remitting insurance payments in the month they become due. Achieva Credit Union is a custodian for Colson principal and interest payments to be remitted to SBA. X X 0 1 0 Gary Regoli President & CEO 963675 0 200000 0 5544 0 12808 0 13943 0 1195970 0 0 Tara Murphy SVP Retail Sales and Service 282973 0 63700 0 1260 0 21000 0 5724 0 374657 0 0 Dennis Holthaus EVP 273720 0 58240 0 10668 0 21400 0 10439 0 374467 0 0 Janet Till SVP People & Corporate Culture 218222 0 61133 0 5544 0 18137 0 7806 0 310842 0 0 John Wintermeier SVP, CIO 226190 0 49970 0 1932 0 20621 0 13869 0 312582 0 0 Sara Depauw SVP CLO 176677 0 57534 0 1965 0 18364 0 10042 0 264582 0 0 Lisa Smith SVP Risk Management 180049 0 33053 0 3612 0 16785 0 7244 0 240743 0 Janice Hollar SVP/CFO 198171 0 0 0 4265 0 11120 0 4097 0 217653 0 Steve Nordbeck VP Wealth Managment 43357 0 274709 0 585 0 21588 0 7161 0 347400 0 Gina Francisco Financial Planning and Trust Manager 99111 0 83988 0 1425 0 7648 0 2480 0 194652 0 Victoria Prast VP Real Estate Lending 118411 0 37952 0 9589 0 9516 0 7174 0 182642 0 Jennifer Galley VP Project Management 127961 0 16377 0 754 0 11574 0 0 0 156666 0 Horace Hackney Controller 125549 0 4352 0 3493 0 4265 0 9235 0 146894 0 Schedule J, Part I, Line 4 CEO participates in supplemental nonqualified retirement plan but does not receive payments from the plan. A Denis Financial Advisor X 50000 40000 0 0 1 S Nordbeck Financial Advisor X 54569 54569 0 0 1 94569 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, and Hillsborough Counties and immediate family members of such defined to include parents children spouse or surviving spouse of 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 the 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 B, Line 11b This return is prepared by subject matter experts, and reviewed by the Accounting Controller and Chief Financial Officer 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 2017 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.