2016-08-10T11:52:06-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 590857430 FLORIDA CENTRAL CREDIT UNION FLOR 8138793333 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA CEO/TREASURER OF THE BOARD 8133876112 2016-08-10 1 DOUGLAS J ORTH P01076394 3052328272 2015 2016-12-15 16:53:06Z LAIDA E GARCIA 3333 HENDERSON BLVD TAMPA FL 33609 21944771 0 2106 X WWW.FCCUONLINE.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. 7 6 178 9 0 0 0 0 19324486 20732833 2272137 869924 0 0 21596623 21602757 0 0 0 0 7276115 7476626 0 0 0 11776091 13962827 19052206 21439453 2544417 163304 390919027 413769774 352823472 377444698 38095555 36325076 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 14864 0 1 178 1 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 1 0 X JAMES A PARISI 8133876112 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA CEO/BOARD TREASURER 40.00 X X 378755 0 116563 DAVID KELSEY CHAIRMAN 1.00 X 4774 0 0 MARGARET SPURRIER V. CHAIRPERSON 1.00 X 0 0 0 STEPHEN SHEAR DIRECTOR 1.00 X 4786 0 0 STEVIE OSERLAND BOARD SECRETARY 1.00 X 5385 0 0 DAVID STEFFEN DIRECTOR 1.00 X 0 0 0 KENNETH H SPENCE ASSISTANT BOARD SECRETARY 1.00 X 5385 0 0 JAMES PARISI CFO 40.00 X 192541 0 43088 JULIE FLATT SVP/COO 40.00 X 161281 0 43370 PATRICIA WADDELL IT MANAGER 40.00 X 116010 0 47139 JOSEPH MATTA ACCOUNTING MANAGER 40.00 X 112075 0 38383 THOMAS CHESTNUTT DIRECTOR OF SALES 40.00 X 122340 0 35820 CARLA GANT VP HUMAN RESOURCES 40.00 X 102191 0 27504 1205523 0 351867 8 0 1 0 FISERV 75 REMITTANCE DR SUITE 6945 CHICAGO IL 60675 IN HOUSE CORE PROCESSING 280361 CONNECT FINANCIAL 64 E WINCHESTER ST STE 230 MURRAY UT 84107 HOMEBANKING 271536 BIT - BUTTERFLY INFORMATION TECHNOLOGY 11950 NW 39TH ST SUITE B CORAL SPRINGS FL 33065 MAILING HOUSE 262431 BANCVUE PO BOX 527 LUBBOCK TX 79408 REWARD CHECKING 258766 COX RADIO PO BOX 861852 ORLANDO FL 32886 RADIO ADVERTISING 235089 10 INTEREST ON LOANS 522100 14398739 14398739 FEES/CHARGES/OTHER 522100 6334094 6334094 20732833 868708 868708 343230 342014 1216 1216 1216 21602757 21602757 0 0 955928 955928 4998863 4998863 -31111 -31111 1084443 1084443 468503 468503 91336 91336 56500 56500 119601 119601 646852 646852 1968276 1968276 735687 735687 998376 998376 169158 169158 30303 30303 1430266 1430266 769861 769861 167574 167574 PROVISION FOR LOAN LOSS 3789548 3789548 ATM EXPENSE 729578 729578 OTHER LOSSES 482390 482390 CREDIT AND COLLECTION E 434449 434449 1343072 1343072 21439453 21439453 0 0 3552895 3147007 32329627 57076052 1474632 1228169 270852494 277825755 5236913 5066661 18903810 5636676 13850081 13267134 46336349 37930705 805172 840729 16480864 17387562 390919027 413769774 2627472 2688049 350196000 374756649 352823472 377444698 X 0 0 0 0 38095555 36325076 38095555 36325076 390919027 413769774 X 163304 27637 -1961420 X 0 1 X 1 0 3541 3541 3541 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 3541 5701609 5701609 7541198 1214724 6326474 521093 239168 281925 5139910 4182784 957126 13267134 REGULAR SHARES 140594878 CHRISTMAS CLUB 248784 TIME DEPOSITS 36558981 CHECKING ACCOUNTS 32021274 ULTIMATE CHECKING 95543327 IRA ACCOUNTS 12968565 IRA CERTIFICATES 10448883 MONEY MARKET 24703192 ESCROW -22152 REGULAR SHARE BUSINESS 896671 SHARE DRAFT BUSINESS 6015994 KASASA DEPOSITS 14778252 374756649 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, 2015. 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, 2015 AND 2014. X 1 1 X X X X 0 1 0 LAIDA E GARCIA CEO/BOARD TREASURER 378755 0 0 0 0 0 104928 0 11635 0 495318 0 0 0 JAMES PARISI CFO 192541 0 0 0 0 0 33501 0 9587 0 235629 0 0 0 JULIE FLATT SVP/COO 161281 0 0 0 0 0 33886 0 9484 0 204651 0 0 0 PATRICIA WADDELL IT MANAGER 116010 0 0 0 0 0 37704 0 9435 0 163149 0 0 0 JOSEPH MATTA ACCOUNTING MANAGER 112075 0 0 0 0 0 30168 0 8215 0 150458 0 0 0 THOMAS CHESTNUTT DIRECTOR OF SALES 122340 0 0 0 0 0 35265 0 555 0 158160 0 0 0 PART I, LINE 4B DURING 2016, THE CREDIT UNION FUNDED $18,000 FOR LAIDA GARCIA'S 457(B) PLAN BENEFIT. THE CREDIT UNION ALSO ACCRUED $43,591 FOR A DEFERRED COMPENSATION PLAN FOR LAIDA GARCIA. 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 11 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. CEO 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 XI, LINE 9: NET PENSION LOSSES -1,961,420. MEMBER SERVICES CORPORATION PO BOX 18605 TAMPA FL 336798605 592678556 CREDIT UNION SUPPORT SERVICE FL FLORIDA CENTRAL CREDIT UNION C 629169 551020 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 ACTUAL MEMBER SERVICE CORPORATION INC O 17960 ACTUAL