2018-02-15T07:58:12-07:00 2016-12-31 990 2016-01-01 590729366 STATE CHARTERED CREDIT UNIONS IN FLORIDA STAT 7274317311 PO Box 1500 Dunedin FL 34697 Janice Hollar CFO 7274317315 2018-02-13 204.96.26.254 2016 2021-01-29 14:40:06Z Achieva Credit Union Janice Hollar CFO PO Box 1500 Dunedin FL 34697 81068570 0 X www.achievacu.com X 1937 FL Not-for-profit organization State Chartered Credit Union 10 10 533 10 155308 46126 0 0 64127802 71830392 3900520 5757834 1386362 3480344 69414684 81068570 15000 15000 0 0 23844117 28102780 0 0 0 33560796 41544940 57419913 69662720 11994771 11405850 1356755896 1454195982 1225768233 1311526328 130987663 142669654 Not-for-profit organization, State Chartered Credit Union 0 0 69662720 15000 69647720 Credit Union Financial Services 0 0 0 69662720 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 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 31 0 1 533 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 819202 0 21200 Dennis Holthaus SVP / CFO 50 X X 343022 0 21810 Tara Murphy SVP Retail Sales and Service 50 X X 316215 0 20872 Scott McKim SVP / CLO 50 X X X 308656 0 21682 John Wintermeier SVP, CIO 50 X X 282772 0 21610 Janet Till SVP People & Corporate Culture 50 X X 262027 0 18062 Lisa Smith SVP Risk Management 50 X X 220962 0 16226 Sara Depauw SVP CLO 50 X X 166378 0 12223 Steve Nordbeck VP Wealth Managment 50 X 341162 0 21655 Victoria Prast VP Real Estate Lending 50 X 155429 0 12789 Horace Hackney Controller 50 X 135453 0 5528 Ronald Mirenda VP Business Lending 50 X X 175574 0 14440 Jennifer Galley VP Project Management 50 X 146851 0 11612 3673703 0 219709 32 1 1 0 0 0 Loan Interest Income 522130 51917305 51917305 0 0 Fee Income 522130 8479326 8479326 0 0 Interchange Income 522130 9184297 9184297 0 0 Commission Income 522130 2249464 2180186 69278 0 0 0 0 0 71830392 2340939 2340939 0 0 99511 0 0 0 99511 0 99511 99511 0 0 1445365 1971530 0 0 1445365 1971530 3416895 3416895 0 0 ATM Surcharge 522130 86030 0 86030 0 Servicing Income 522130 973966 973966 0 0 Miscellaneous Income 522130 2320837 2320837 0 0 0 0 0 0 3380833 81068570 80913262 155308 0 15000 22352657 1603370 2460137 1686616 135443 161988 796441 2384980 1987377 5776041 2920855 255531 301585 3310651 355131 Dividend/Interest Expense 4981195 ATM/Debit Card Expense 5476433 Loan Processing Expense 1119006 Provision for Loan Losses 9752922 1829361 69662720 0 0 0 9474023 8260958 64872930 102349897 0 0 0 0 20000 50000 0 0 1095958395 1156171274 0 0 1268553 1758465 80937860 27860165 55166844 53077695 28650060 14074166 0 0 0 0 29503690 31921694 71841401 86531833 1356755896 1454195982 27158964 25028016 0 0 0 0 0 0 1317914 1421313 0 0 28000895 21000000 0 1169290460 1264076999 1225768233 1311526328 X 0 0 0 0 130987663 142669654 130987663 142669654 1356755896 1454195982 11405850 276141 0 0 0 0 X 0 1 X 1 0 0 1 X 10617276 0 10617276 42560842 0 11872990 30687852 5617150 0 2648738 2968412 21568056 0 13338437 8229619 574536 0 0 574536 53077695 Member Deposit Insurance 12252297 Accrued Interest Investments 43223 Accrued Interest Loans 2971270 Deferred Comp 8639904 OREO 3385946 Annuities/457B/CDA 49944141 FHLB Deposit Requirement 2134900 Corporate One Capital Shares 900000 Other Assets 5276223 Miscellaneous Receivables 983929 86531833 Deposit Accounts 1264076999 1264076999 81068570 0 0 0 0 0 81068570 0 0 0 81068570 69662720 0 0 0 0 0 69662720 0 0 0 69662720 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. 1 Scholarships 12 15000 0 Book Schedule I, Part I, Line 2 Scholarship funds are distributed annually to selected recipients. Qualified recipients must be active members of Achieva Credit Union with accounts in good standing, meet the educational specifications outlined in the scholarship applications, and cannot be previous Achieva Scholarship recipients. Achieva Credit Union's oversight comes by way of a committee of volunteers who will select the winners for each available scholarship based on qualification essay composition and community impact. Once these funds are disbursed to the winning recipients no further reports are required by Achieva Credit Union. X 1 0 0 Gary Regoli President & CEO 580451 0 235000 0 3751 0 21200 0 7985 0 848387 0 797283 0 Dennis Holthaus SVP / CFO 251030 0 80104 0 11888 0 21810 0 7927 0 372759 0 340781 0 Tara Murphy SVP Retail Sales and Service 244402 0 70380 0 1432 0 20872 0 4344 0 341430 0 304470 0 Scott McKim SVP / CLO 238075 0 69445 0 1137 0 21682 0 0 0 330339 0 280192 0 John Wintermeier SVP, CIO 220312 0 60979 0 1480 0 21610 0 7495 0 311876 0 290933 0 Janet Till SVP People & Corporate Culture 194572 0 61370 0 6085 0 18062 0 7817 0 287906 0 267039 0 Lisa Smith SVP Risk Management 164934 0 53295 0 2733 0 16226 0 5512 0 242700 0 228941 0 Sara Depauw SVP CLO 122690 0 41791 0 1897 0 12223 0 9184 0 187785 0 178473 0 Steve Nordbeck VP Wealth Managment 43293 0 297261 0 608 0 21655 0 8192 0 371009 0 380500 0 Ronald Mirenda VP Business Lending 133113 0 41100 0 1361 0 14440 0 6495 0 196509 0 0 0 Victoria Prast VP Real Estate Lending 112903 0 37342 0 5184 0 12789 0 7026 0 175244 0 147662 0 Horace Hackney Controller 127942 0 4000 0 3512 0 5528 0 10660 0 151642 0 146545 0 Jennifer Galley VP Project Management 131602 0 14628 0 621 0 11612 0 0 0 158463 0 0 0 Schedule J, Part I, Line 4 Scott McKim - 34236.80 A Denis Financial Advisor X 50000 50000 0 0 1 50000 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 2014 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.