2018-11-15T15:15:51-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2017-01-01 590248325 STATE CHARTERED CREDIT UNIONS IN FLORIDA 121 FINANCIAL CREDIT UNION STAT 9047236300 P O BOX 40769 JACKSONVILLE FL 32203 JANE SCOFIELD SVP/CFO 9047236300 2018-11-15 1 LAUREN BALLARD CPA P01451787 4104530900 67.137.57.251 2018-11-15 15:26:47 ES P 438126668714DFE7D4F28C490563287B23FE06A0 357AE6C0FD0EA8FFB81A6260A488DEA7FDA04B84 2017 2019-02-21 02:37:17Z BRUCE FAFARD P O BOX 40769 JACKSONVILLE FL 32203 29153124 0 X WWW.121FCU.ORG X 1935 FL TO SHARE IN THE FINANCIAL SUCCESS OF OUR MEMBERS 10 10 217 13 494504 -94408 0 0 24998914 28201230 1115806 -1069654 402750 0 26517470 27131576 0 0 0 1558515 9966251 10254926 0 0 0 18195101 18048821 28161352 29862262 -1643882 -2730686 554021151 551333815 501685464 501880093 52335687 49453722 TO SHARE IN THE FINANCIAL SUCCESS OF OUR MEMBERS BY PROVIDING SERVICES WITH INTEGRITY AND FAIRNESS. 0 0 PROVIDE OUR MEMBERS SOUND, STABLE AND EVOLVING FINANCIAL SOLUTIONS. PROVIDE LENDING PRODUCTS WHICH MEET THE NEEDS OF OUR MEMBERS. PROVIDE SAVINGS PRODUCTS WHICH MEET THE NEEDS OF OUR MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 12012 0 1 217 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 0 0 X JANE SCOFIELD 9047236300 701 RIVERSIDE PARK PL JACKSONVILLE FL 32204 MICHAEL J HOGAN CHAIRMAN 2.00 X X 0 0 0 LEONARD PICKETT JR VICE CHAIRMAN 2.00 X X 0 0 0 CYNTHIA DELASSUS TREASURER 2.00 X X 0 0 0 SHELBA WILLIAMS SECRETARY 2.00 X X 0 0 0 ROBERT P GIPSON DIRECTOR 2.00 X 0 0 0 GEORGE W CAULEY DIRECTOR 2.00 X 0 0 0 BILLIE C GREENLIEF DIRECTOR 2.00 X 0 0 0 WILLIAM H MACOMBER JR DIRECTOR 2.00 X 0 0 0 JOHN SCOTT III DIRECTOR 2.00 X 0 0 0 HAROLD BOREE DIRECTOR 2.00 X 0 0 0 BRUCE J FAFARD PRESIDENT/CEO 40.00 X 306282 0 44986 JANE L SCOFIELD CHIEF FINANCIAL OFFICER 40.00 X 197254 0 22340 PAUL B BLACKSTONE CHIEF STRATEGY OFFICER 40.00 X 205281 0 53329 DAVID F MAROVICH CHIEF OPERATIONS OFFICER 40.00 X 191697 0 25440 BENJAMIN M MUNDAY CONTROLLER 40.00 X 111537 0 15056 KATINA PHILLIPS VP OF BUSINESS SERVICES 40.00 X 109287 0 45890 CLARA T KOVARIK VP OF HUMAN RESOURCES 40.00 X 105218 0 19032 CATHY S HUFSTETLER VP OF LENDING 40.00 X 104947 0 22321 1331503 0 248394 8 0 1 0 AULD AND WHITE 4168 SOUTHPOINT PARKWAY SUITE 101 JACKSONVILLE FL 32216 CONSTRUCTION 1830286 NEFL 4446 HENDRICKS AVENUE SUITE 104 JACKSONVILLE FL 32207 HARDWARE/SOFTWARE 950266 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING/ SOFTWARE 797525 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING/SOFTWARE 698398 BORRETTI 1105 11TH AVE N JACKSONVILLE BEACH FL 32250 HARDWARE/SOFTWARE 583710 26 INCOME ON MEMBER LOANS 522100 20507058 20507058 FEES AND CHARGES 522100 6268509 5774005 494504 OTHER MEMBER INCOME 522100 1425663 1425663 28201230 951894 951894 2021548 -2021548 -2021548 -2021548 27131576 27706726 494504 -1069654 1558515 1040327 7329286 446553 839731 599029 199612 46898 1338733 995417 1051344 1903111 1339802 225523 615421 53000 2065527 215368 PROVISION FOR LOAN LOSS 4138469 LOAN SERVICING 2172570 ATM EXPENSES 1166785 DUES AND SUBSCRIPTIONS 170296 350945 29862262 4579934 4185853 26419593 34565902 93554 1303156 432643681 436240026 1672240 1810817 41073755 13977676 21600864 27096079 42127072 27733259 2629726 1822826 116079 60361 22138408 16515536 554021151 551333815 3242899 2858802 50010054 34483125 448432511 464538166 501685464 501880093 X 0 0 0 0 52335687 49453722 52335687 49453722 554021151 551333815 -2730686 -151279 0 X 0 1 X 1 0 6138333 6138333 9817689 4039709 5777980 387138 384399 2739 16341112 9553568 6787544 8389483 8389483 27096079 SHARE ACCOUNTS 282115101 INDIVIDUAL RETIREMENT ACCOUNTS 17356578 CERTIFICATES OF DEPOSIT AND IRA CERTIFICATES 79678887 SHARE DRAFT ACCOUNTS 85387600 464538166 29153124 2021548 2021548 27131576 0 27131576 31883810 2021548 2021548 29862262 0 29862262 PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON IMPAIRMENT OF FIXED ASSETS 2,021,548. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON IMPAIRMENT OF FIXED ASSETS 2,021,548. X 1 1 X X 0 0 0 BRUCE J FAFARD PRESIDENT/CEO 300000 0 0 0 6282 0 16451 0 28535 0 351268 0 0 0 JANE L SCOFIELD CHIEF FINANCIAL OFFICER 197254 0 0 0 0 0 12080 0 10260 0 219594 0 0 0 PAUL B BLACKSTONE CHIEF STRATEGY OFFICER 205281 0 0 0 0 0 13877 0 39452 0 258610 0 0 0 DAVID F MAROVICH CHIEF OPERATIONS OFFICER 191697 0 0 0 0 0 10791 0 14649 0 217137 0 0 0 KATINA PHILLIPS VP OF BUSINESS SERVICES 78787 0 30500 0 0 0 4350 0 41540 0 155177 0 0 0 PART I, LINE 1A MIKE HOGAN - TRAVEL FOR COMPANIONS $1,402 - INCLUDED IN TAXABLE COMPENSATION WILLIAM MACOMBER - TRAVEL FOR COMPANIONS $1,915 - INCLUDED IN TAXABLE COMPENSATION SHELBA WILLIAMS - TRAVEL FOR COMPANIONS $1,800 - INCLUDED IN TAXABLE COMPENSATION FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS AN ANNUAL ELECTION IN WHICH THE MEMBERS ELECT THE BOARD OF DIRECTORS. 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 A, LINE 8B THE CREDIT UNION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT PROVIDE A COPY OF FORM 990 TO THE GOVERNING BODY PRIOR TO FILING. THE 990 IS REVIEWED BY THE CFO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO SIGN A STATEMENT ANNUALLY STATING THAT THEY ARE NOT INVOLVED IN ANY TRANSACTIONS THAT WOULD BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE REVIEW OF THE CEO'S COMPENSATION IS DONE ANNUALLY BY THE BOARD OF DIRECTORS (BOD). THE BOD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AND EACH MEMBER DOES AN INDIVIDUAL REVIEW TO DETERMINE THE CEO'S COMPENSATION FOR ALL OTHER SENIOR MANAGEMENT. THE CEO USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AS WELL AS AN INTERNAL INDEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE THEIR COMPENSATION. THE CEO'S COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.