2017-09-21T16:28:52-05:00 2016-12-31 382492570 DOEREN MAYHEW 12060 SW 129 CT STE 201 MIAMI FL 33186 990 2016-01-01 590637646 CAMPUS USA CREDIT UNION CAMP 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 JENNIFER HUNT CFO 3523359090 2017-09-21 1 DOUGLAS J ORTH P01076394 3052328272 50.235.194.18 2017-09-21 17:27:51 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 1353DC092BF0A9AADCA388267C2932B6E10091D4 2016 2021-01-29 14:40:06Z JERRY BENTON 14007 NW 1ST ROAD JONESVILLE FL 32669 99256226 0 2106 X WWW.CAMPUSCU.COM X 1935 FL CAMPUS USA IS A NON-PROFIT FINANCIAL INSTITUTION PROVIDER. IT HAS SIX COUNTIES FOR MEMBERSHIP WITH COMPETITIVE SAVINGS AND LOAN OPTIONS ALONG WITH EXCEPTIONAL MEMBER SERVICE. 7 7 364 11 209867 -20786 0 0 53504409 62323325 3361120 3555090 795827 1324363 57661356 67202778 200593 345376 0 0 19595998 22162349 0 0 0 26104679 30901161 45901270 53408886 11760086 13793892 1397839440 1500189519 1231061223 1321435216 166778217 178754303 THE MISSION OF OUR CREDIT UNION IS TO RESPOND TO THE NEEDS OF THE MEMBERSHIP BY OFFERING THE BEST FINANCIAL SERVICES. OUR CREDIT UNION IS A NOT-FOR-PROFIT SERVICE ORGANIZATION WHICH MAINTAINS A STRONG FINANCIAL FOUNDATION. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND 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 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19473 0 1 364 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JERRY BENTON 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 PRINCE HINSON CHAIR 2.50 X 0 0 0 MARK WALDORFF VICE CHAIR 2.50 X 0 0 0 RUBEN RAMOS DIRECTOR 2.50 X 0 0 0 JAY HUTTO DIRECTOR 2.50 X 0 0 0 KEITH BIRKETT DIRECTOR 2.50 X 0 0 0 PAULA WELCH DIRECTOR 2.50 X 0 0 0 RUBY PUCKETT DIRECTOR 2.50 X 0 0 0 JERRY W BENTON CEO 40.00 X 505874 0 138600 GREG L WATERS CSO 40.00 X 649796 0 77167 JENNIFER L HUNT CFO 40.00 X 243810 0 64529 JAMES L THACKREY CTO 40.00 X 220554 0 72491 JEFFERY A THIEMAN COO 40.00 X 255231 0 66250 JILL E HARPER VP HUMAN RESOURCES 40.00 X 215025 0 64879 GABRIEL W HAMLETT GENERAL COUNSEL 40.00 X 190997 0 63011 FREDERICK E HILTON FINANCIAL ADVISOR 40.00 X 196805 0 37875 DAVID M BARBER COMMERCIAL LOAN MANAGER 40.00 X 160429 0 34720 MICHELLE A CALHOUN SR SERVICING MANAGER 40.00 X 124688 0 21265 STACEY D HAYNES BUSINESS DEVELOPMENT 40.00 X 130466 0 20187 BRIAN C FISHER BUSINESS SYSTEM MANAGER 40.00 X 123371 0 26484 3017046 0 687458 18 0 1 0 PRINCIPAL FINANCIAL GROUP PO BOX 9394 DES MOINES IA 503069394 PENSION PLAN, ADMINISTRATIVE COSTS 1508350 FISERV 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 60675 CORE SOFTWARE AND MAINTENANCE 1175089 SCHERER CONSTRUCTION OF NORTH FLORIDA LL 2504 NW 71ST PL GAINESVILLE FL 32653 CONSTRUCTION MANAGEMENT 791869 RATEGENIUS LOAN SERVICE INC PO BOX 28650 AUSTIN TX 78755 INDIRECT LOAN PREMIUMS 729584 ADVANCED SYSTEMS INC 11 SW 1 STREET WILLISTON FL 32696 BRANCH EQUIPMENT AND MAINTENANCE 507664 45 INTEREST ON LOANS 522100 48920053 48920053 FEES/CHARGES 522100 13193405 13193405 SECURITY SALES 523000 95360 95360 NON-MEMBER ATM FEES 522200 75842 75842 MBI 524298 38665 38665 62323325 3281474 3281474 22614171 9712893 22475775 9577673 138396 135220 273616 273616 OTHER INCOME 522100 811002 811002 GAIN ON ASSET DISPOSITION 522100 513361 513361 1324363 67202778 66992911 209867 0 X 345376 2828214 14272407 1615311 2245925 1200492 12664 221413 126956 435237 1181156 4930175 2323836 7826841 178002 2134997 322170 PROVISION FOR LOAN LOSS 5300000 LOAN SERVICING 3018387 ATM SHARED BRANCHING FE 1091141 DEBIT CARD SERVICES 964922 833264 53408886 58684306 63350804 24919027 30269066 3548810 4041228 1038733168 1174690582 5171877 3094345 67334761 22643510 44509299 44691251 190860087 153164022 17671497 13005649 13741369 13882572 1397839440 1500189519 50983253 52063203 1180077970 1269372013 1231061223 1321435216 X 0 0 0 0 166778217 178754303 166778217 178754303 1397839440 1500189519 X 13793892 850522 -2668328 X X 0 1 X 1 0 3500 3500 3500 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 3500 12351972 12351972 38619103 9888683 28730420 2734248 1656170 1078078 13032218 10566055 2466163 597220 532602 64618 44691251 SHARE DRAFTS 194536691 SHARE AND EQUIVALENTS 482518406 MONEY MARKET ACCOUNTS 171215659 IRA SHARES 41371877 SHARE AND IRA CERTIFICATES 379729380 1269372013 X 67202778 0 67202778 0 67202778 53408886 0 53408886 0 53408886 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES. 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). MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 1 MARCH OF DIMES 1831 NW 13 STREET GAINESVILLE FL 32609 131846366 501(C)(3) 14628 CHARITABLE CONTRIBUTION CHILDREN'S MIRACLE NETWORK PO BOX 100386 GAINESVILLE FL 32610 591943502 501(C)(3) 201779 CHARITABLE CONTRIBUTION CF FOUNDATION PO BOX 864790 OCALA FL 34474 596139037 501(C)(3) 50000 CHARITABLE CONTRIBUTION AM HEART 10460 ROOSEVELT BLVD N 306 ST PETERSBURG FL 33716 135613797 501(C)(3) 12392 CHARITABLE CONTRIBUTION ELDERCARE OF ALACHUA COUNTY INC 5701 NW 34 BLVD GAINESVILLE FL 32653 593051104 501(C)(3) 6300 CHARITABLE CONTRIBUTION UNITED WAY OF NORTH CENTRAL FL PO BOX 864790 ORLANDO FL 32886 590808855 501(C)(3) 43777 CHARITABLE CONTRIBUTION CGREATER TALLAHASSEE CHAMBER OF COMMERCE 5701 NW 34TH BLVD GAINESVILLE FL 323021639 593051104 10500 CHARITABLE CONTRIBUTION GFAA PO BOX 35-7007 GAINESVILLE FL 32635 591595970 6000 CHARITABLE CONTRIBUTION 8 X X X 1 1 X X 0 1 0 JERRY W BENTON CEO 414008 0 82080 0 9786 0 117434 0 21166 0 644474 0 0 0 GREG L WATERS CSO 289190 0 37000 0 323606 0 60083 0 17084 0 726963 0 0 0 JENNIFER L HUNT CFO 204295 0 37000 0 2515 0 49836 0 14693 0 308339 0 0 0 JAMES L THACKREY CTO 174442 0 37000 0 9112 0 55993 0 16498 0 293045 0 0 0 JEFFERY A THIEMAN COO 216884 0 37000 0 1347 0 46994 0 19256 0 321481 0 0 0 JILL E HARPER VP HUMAN RESOURCES 174371 0 37000 0 3654 0 55497 0 9382 0 279904 0 0 0 GABRIEL W HAMLETT GENERAL COUNSEL 151791 0 37000 0 2206 0 43784 0 19227 0 254008 0 0 0 FREDERICK E HILTON FINANCIAL ADVISOR 154292 0 40475 0 2038 0 18739 0 19136 0 234680 0 0 0 DAVID M BARBER COMMERCIAL LOAN MANAGER 126467 0 32508 0 1454 0 15945 0 18775 0 195149 0 0 0 PART I, LINE 4B THE FOLLOWING EXECUTIVES PARTICIPATED IN THE 457F PLAN: J. BENTON $557,005; G. HAMLETT $370,379; J. HARPER $401,482; J. HUNT $112,074; J. THACKREY $407,230; J. THIEMAN $80,130. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 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 CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN AND USES THE CPA FIRM TO HELP COMPLETE THE FINANCIAL ASPECT OF THE RETURN. THE RETURN IS PRESENTED TO THE CREDIT VP OR HR, VP OF OPERATIONS AND TO THE PRESIDENT/CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY GOVERNS THE ACTIONS OF DIRECTORS, AUDIT COMMITTEE MEMBERS, ANY OTHER UNPAID MEMBER VOLUNTEERS AND ALL SENIOR MANAGERS OF THE CREDIT UNION. THE POLICY, WHICH IS EXPLICIT IN DETAILING ACTIONS CONSIDERED TO BE CONFLICTS OF INTEREST, IS REVIEWED WITH THE COVERED INDIVIDUALS ANNUALLY. IN ADDITION, EACH COVERED INDIVIDUAL IS ANNUALLY REQUIRED TO COMPLETE AND SIGN A STATEMENT DETAILING ANY POTENTIAL CONFLICTS OF INTEREST OR ANY ACTIONS TAKEN THAT FALL UNDER THE CONFLICT OF INTEREST POLICY. THESE STATEMENTS ARE REQUIRED TO BE SUBMITTED TO THE AUDIT COMMITTEE CHAIR WHO MAKES A FORMAL REPORT TO THE BOARD OF DIRECTORS. COVERED INDIVIDUALS ARE INSTRUCTED TO DISCUSS ANY POTENTIAL CONFLICTS WITH THE PRESIDENT/CEO OR THE COMPLIANCE OFFICER BEFORE ENTERING INTO ANY ARRANGEMENT THAT COULD BE A POTENTIAL CONFLICT. THE AUDIT COMMITTEE CHAIR MUST GIVE WRITTEN APPROVAL ON A CASE-BY-CASE BASIS. ANY POTENTIAL CONFLICT INVOLVING THE AUDIT COMMITTEE CHAIR REQUIRES WRITTEN APPROVAL BY THE BOARD OF DIRECTORS CHAIR. THE CREDIT UNION HAS ALWAYS MAINTAINED THE POLICY THAT ANY INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS PERTAINING TO THE SUBJECT MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 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 DEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE THEIR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E EDUCATION 323,527. MISCELLANEOUS 280,474. NEGATIVE SHARES COURTESY PAY 81,200. PRINTING AND PUBLICATIONS 67,944. AUTOMOBILE EXPENSES 46,396. NCUA INSURANCE PREMIUM ASSESSMENT 33,723. FORM 990, PART XI, LINE 9: NET UNREALIZED LOSSES ON DEFINED BENEFIT PLAN ASSETS -2,668,328. 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.