MIDFLORIDA CREDIT UNION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MIDFLORIDA CREDIT UNION (EIN 59-6194363)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202523219349320972
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T16:24:32-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 994260840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8785 SW 165TH AVENUE SUITE 303 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33193 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 596194363 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIDF | BusinessNameControlTxt |
| Phone | 8636162100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1Txt |
| City | LAKELAND | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 338028008 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ZELDA ABRAM | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8636162100 | PhoneNum |
| Signature | 2025-11-16 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AUBREY CLEGG | PreparerPersonNm |
| PTIN | P01076395 | PTIN |
| Phone | 3052328272 | PhoneNum |
| Preparation | 2025-11-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SAMUEL S MOSELEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1Txt |
| City | LAKELAND | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 338028008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $497,579,357 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MIDFLORIDA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1954 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | MIDFLORIDA CREDIT UNION IS COMMITTED TO DELIVERING PERSONALIZED FINANCIAL SOLUTIONS WHILE MAKING BANKING SIMPLE, SECURE AND CONVENIENT FOR ALL OF OUR MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 1695 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $2,306,203 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $380,830,234 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $444,634,563 | CYProgramServiceRevenueAmt |
| PY Investment Income | $26,686,178 | PYInvestmentIncomeAmt |
| CY Investment Income | $51,855,000 | CYInvestmentIncomeAmt |
| PY Other Revenue | $241,569 | PYOtherRevenueAmt |
| CY Other Revenue | $731,712 | CYOtherRevenueAmt |
| PY Total Revenue | $407,757,981 | PYTotalRevenueAmt |
| CY Total Revenue | $497,221,275 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $251,083 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $111,715,525 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $116,238,774 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $195,994,375 | PYOtherExpensesAmt |
| CY Other Expenses | $270,977,674 | CYOtherExpensesAmt |
| PY Total Expenses | $307,709,900 | PYTotalExpensesAmt |
| CY Total Expenses | $387,467,531 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $100,048,081 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $109,753,744 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,524,107,627 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,142,679,220 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,809,634,992 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,308,614,588 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $714,472,635 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $834,064,632 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MIDFLORIDA CREDIT UNION IS COMMITTED TO DELIVERING PERSONALIZED FINANCIAL SOLUTIONS WHILE MAKING BANKING SIMPLE, SECURE AND CONVENIENT FOR ALL OF OUR MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Desc | PROVIDE NUMEROUS DEPOSITORY SERVICES TO MEMBERS INCLUDING REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, CLUB, HEALTH SAVINGS, AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $6,929,555,000 AS OF DECEMBER 31, 2024. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROVIDE LOANS INCLUDING MORTGAGES, BUSINESS, HOME EQUITY, CREDIT CARDS, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $6,348,857,000 AS OF DECEMBER 31, 2024. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 194731 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1695 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ZELDA V ABRAM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8636162150 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1Txt |
| City | LAKELAND | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33802 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt |
|---|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER GEIGER | |||||||||
| BOARD CHARIPERSON | 1.00 | Yes (X) | $12,623 | $0 | $0 | ||||
| CHESTER BROJEK | |||||||||
| BOARD VICE CHAIRPERSON | 1.00 | Yes (X) | $5,592 | $0 | $0 | ||||
| DAN PIERCE | |||||||||
| BOARD SECRETARY | 1.00 | Yes (X) | $9,183 | $0 | $0 | ||||
| NICK SUDZINA | |||||||||
| BOARD TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| HARRY WILLIAMS | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $13,979 | $0 | $0 | ||||
| DARRELL JENSEN | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $5,805 | $0 | $0 | ||||
| SHIRLEY PELLARCHY | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $9,018 | $0 | $0 | ||||
| GARY RUHLE | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $8,472 | $0 | $0 | ||||
| DONALD WILLIAMS SR | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KENNETH HEUBUSCH | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN UPPERCO | |||||||||
| BOARD MEMEBR | 1.00 | Yes (X) | $16,960 | $0 | $0 | ||||
| STEVE MOSELEY | |||||||||
| PRESIDENT/CEO | 40.00 | $1,333,296 | $0 | $1,865,204 | Yes (X) | ||||
| ZELDA ABRAM | |||||||||
| EVP/CHIEF FINANCIAL OFFICER | 40.00 | $572,498 | $0 | $32,612 | Yes (X) | ||||
| JILL DAVIS | |||||||||
| CHIEF MARKETING OFFICER | 40.00 | $365,017 | $0 | $29,729 | Yes (X) | ||||
| STERLING GRUBBS | |||||||||
| EVP/CHIEF LENDING OFFICER | 40.00 | $571,731 | $0 | $43,196 | Yes (X) | ||||
| CHRISTOPHER DAVID | |||||||||
| EVP/CHIEF OPERATIONS OFFICER | 40.00 | $528,190 | $0 | $43,196 | Yes (X) | ||||
| TIMOTHY STALEY | |||||||||
| CHIEF COMMERCIAL LENDING | 40.00 | $428,260 | $0 | $42,262 | Yes (X) | ||||
| MICHAEL CHEESEMAN | |||||||||
| CHIEF ANALYTICS OFFICER | 40.00 | $374,943 | $0 | $40,194 | Yes (X) | ||||
| JAMES HAGGINS | |||||||||
| CHIEF OF COLLECTIONS | 40.00 | $356,805 | $0 | $31,699 | Yes (X) | ||||
| VANESSA HERNANDEZ | |||||||||
| CHIEF RETAIL DELIVERY | 40.00 | $327,643 | $0 | $27,287 | Yes (X) | ||||
| TIMOTHY LYSAK | |||||||||
| CHIEF INFORMATION OFFICER | 40.00 | $325,618 | $0 | $32,273 | Yes (X) | ||||
| ACIE FORRER | |||||||||
| SW FLORIDA MARKET PRESIDENT | 40.00 | $371,928 | $0 | $22,814 | Yes (X) | ||||
| HUGH DAILEY | |||||||||
| CEO SOUTHEAST TRUST/SPECIAL ASSET MANAGER | 34.00 | $368,659 | $0 | $31,758 | Yes (X) | 6.00 | |||
| CAMERON BROCK | |||||||||
| SVPII COMMERCIAL RELATIONSHIP OFFICER | 40.00 | $314,749 | $0 | $30,271 | Yes (X) | ||||
| LORI KATZ | |||||||||
| SVPII COMMERCIAL LOAN ADMINISTRATOR | 40.00 | $275,419 | $0 | $20,287 | Yes (X) | ||||
| DAVID BOEHLING | |||||||||
| SVP/PRIVATE CLIENT OFFICER | 40.00 | $250,930 | $0 | $29,945 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,847,318 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,322,727 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 165 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MEDIASSOCIATES | |||||
| 75 GLEN ROAD | SANDY HOOK | CT | 06482 | MARKETING | $9,623,189 |
| FISERV | |||||
| PO BOX 933193 | ATLANTA | GA | 31193 | SOFTWARE | $4,065,538 |
| CDW | |||||
| PO BOX 75723 | CHICAGO | IL | 60675 | SOFTWARE | $3,108,812 |
| SEIBOLD SECURITY | |||||
| 12 AQUEDUCT ST 1ST FLOOR | ROCHESTER | NY | 14614 | SECURITY/ALARM | $1,955,905 |
| SPRINGER VOSS CONSTRUCTION INC | |||||
| 2622 LONGHORN DR | LAKELAND | FL | 33801 | CONSTRUCTION | $1,511,187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 129 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $321,235,307 | $321,235,307 | |
| FEES AND OTHER INCOME | 522100 | $121,093,053 | $121,093,053 | |
| FINANCE & INSURANCE | 520000 | $2,306,203 | $2,306,203 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $444,634,563 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,747,064 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,747,064 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $805,149 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $73,437 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $731,712 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $731,712 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $731,712 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $392,581 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $284,645 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $107,936 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $107,936 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $107,936 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $497,221,275 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $494,915,072 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,306,203 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,083 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,453,285 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,214,741 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,499,619 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,888,866 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,182,263 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,749 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,100 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,922,910 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,378,383 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,196,516 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,290,781 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,108,079 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,275,501 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,174,319 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,288,004 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $38,878,421 |
| LOAN SERVICING | $13,683,232 |
| FORGERY LOSSES | $1,849,638 |
| FEDERAL OPERATING FEE | $656,196 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $541,845 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,467,531 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,494,277 | BOYAmt |
| EOY | $40,138,289 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $651,554,599 | BOYAmt |
| EOY | $534,302,031 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,540,223 | BOYAmt |
| EOY | $96,942,143 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $28,325,278 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,856,028,576 | BOYAmt |
| EOY | $6,348,856,647 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,022,109 | BOYAmt |
| EOY | $67,140,675 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $303,642,259 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $88,906,417 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,055,782 | BOYAmt |
| EOY | $214,735,842 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $362,272,936 | BOYAmt |
| EOY | $514,372,922 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,690,627 | BOYAmt |
| EOY | $29,377,114 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,143,267 | BOYAmt |
| EOY | $93,143,267 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,305,231 | BOYAmt |
| EOY | $175,345,012 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,524,107,627 | BOYAmt |
| EOY | $8,142,679,220 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,852,057 | BOYAmt |
| EOY | $74,170,982 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,564,314 | BOYAmt |
| EOY | $13,243,459 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,320,057 | BOYAmt |
| EOY | $291,645,212 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,414,898,564 | BOYAmt |
| EOY | $6,929,554,935 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,809,634,992 | BOYAmt |
| EOY | $7,308,614,588 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $714,472,635 | BOYAmt |
| EOY | $834,064,632 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $714,472,635 | BOYAmt |
| EOY | $834,064,632 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,524,107,627 | BOYAmt |
| EOY | $8,142,679,220 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $109,753,744 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,487,567 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $13,325,820 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $76,080,843 | OtherCostOrOtherBasisAmt |
| Book Value | $76,080,843 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $166,074,214 | OtherCostOrOtherBasisAmt |
| Depreciation | $50,878,063 | DepreciationAmt |
| Book Value | $115,196,151 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,534,566 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,228,789 | DepreciationAmt |
| Book Value | $6,305,777 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,888,664 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,799,565 | DepreciationAmt |
| Book Value | $16,089,099 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,063,972 | OtherCostOrOtherBasisAmt |
| Book Value | $1,063,972 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $214,735,842 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARE ACCOUNTS | Desc |
| Amt | $6,929,554,935 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,929,554,935 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | ON A MONTHLY BASIS, THE CREDIT UNION COLLECTS PAYMENT FROM MEMBERS WITH MORTGAGE LOANS OUTSTANDING. AS STIPULATED BY THE AGREEMENT SIGNED BY BOTH PARTIES, THE MONTHLY PAYMENT FOR EACH MEMBER INCLUDES PRINCIPAL, INTEREST, AND ESCROWS. ESCROWS ARE USED TO PAY TAXES AND INSURANCE ON THE PROPERTY. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| POLK EDUCATION FOUNDATION | ||||||||
| 1530 SHUMATE DR | BARTOW | FL | 33830 | 592956529 | 501(C)(3) | $90,083 | $0 | PROVIDING FINANCIAL RESOURCES FOR HIGHER EDUCATION. |
| SOUTHEASTERN UNIVERSITY | ||||||||
| 1000 LONGFELLOW BLVD | LAKELAND | FL | 33801 | 590722789 | 501(C)(3) | $75,000 | $0 | PAYING FOR COLLEGE SERIES. |
| SOUTHEASTERN CREDIT UNION FOUNDATION | ||||||||
| 3692 COOLIDGE COURT | TALLAHASSEE | FL | 32311 | 592252733 | 501(C)(3) | $20,000 | $0 | COMMUNITY DEVELOPMENT. |
| FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION | ||||||||
| 439 S FLORIDA AVE STE 300 | LAKELAND | FL | 33801 | 461426289 | 501(C)(3) | $20,000 | $0 | PRESIDENTIAL AMBASSADORS PROGRAM. |
| POLK ECUMENICAL ACTION COUNCIL FOR EMPOWERMENT | ||||||||
| 932 MARTIN L KING JR AVE | LAKELAND | FL | 33815 | 593461155 | 501(C)(3) | $15,000 | $0 | COMMUNITY DEVELOPMENT. |
| HIGHLANDS COUNTY EDUCATION FOUNDATION | ||||||||
| 426 SCHOOL STREET | SEBRING | FL | 33870 | 593497604 | 501(C)(3) | $13,500 | $0 | PROVIDING FINANCIAL RESOURCES FOR HIGHER EDUCATION. |
| UNITED WAY OF CENTRAL FLORIDA | ||||||||
| PO BOX 1357 | HIGHLAND CITY | FL | 33846 | 592116280 | 501(C)(3) | $10,000 | $0 | 2024 DAY OF CARING EVENT. |
| SOUTH FLORIDA STATE COLLEGE FOUNDATION | ||||||||
| 13 E MAIN ST | AVON PARK | FL | 33825 | 593050497 | 501(C)(3) | $7,500 | $0 | HELP PROMOTE HIGHER EDUCATION. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THESE ARE CHARITABLE CONTRIBUTIONS, NOT GRANTS. THEREFORE, THERE IS NO SUBSEQUENT MONITORING BY THE CREDIT UNION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVE MOSELEY | ||||||||||||||
| PRESIDENT/CEO | $995,440 | $0 | $295,034 | $0 | $42,822 | $0 | $1,845,967 | $0 | $19,237 | $0 | $3,198,500 | $0 | $0 | $0 |
| STERLING GRUBBS | ||||||||||||||
| EVP/CHIEF LENDING OFFICER | $432,356 | $0 | $123,858 | $0 | $15,517 | $0 | $15,525 | $0 | $27,671 | $0 | $614,927 | $0 | $0 | $0 |
| ZELDA ABRAM | ||||||||||||||
| EVP/CHIEF FINANCIAL OFFICER | $435,083 | $0 | $122,298 | $0 | $15,117 | $0 | $15,525 | $0 | $17,087 | $0 | $605,110 | $0 | $0 | $0 |
| CHRISTOPHER DAVID | ||||||||||||||
| EVP/CHIEF OPERATIONS OFFICER | $397,680 | $0 | $112,088 | $0 | $18,422 | $0 | $15,525 | $0 | $27,671 | $0 | $571,386 | $0 | $0 | $0 |
| TIMOTHY STALEY | ||||||||||||||
| CHIEF COMMERCIAL LENDING | $314,470 | $0 | $92,165 | $0 | $21,625 | $0 | $14,591 | $0 | $27,671 | $0 | $470,522 | $0 | $0 | $0 |
| MICHAEL CHEESEMAN | ||||||||||||||
| CHIEF ANALYTICS OFFICER | $271,005 | $0 | $80,625 | $0 | $23,313 | $0 | $12,523 | $0 | $27,671 | $0 | $415,137 | $0 | $0 | $0 |
| HUGH DAILEY | ||||||||||||||
| CEO SOUTHEAST TRUST/SPECIAL ASSET MA | $273,690 | $0 | $79,789 | $0 | $15,180 | $0 | $12,521 | $0 | $19,237 | $0 | $400,417 | $0 | $0 | $0 |
| JILL DAVIS | ||||||||||||||
| CHIEF MARKETING OFFICER | $276,098 | $0 | $80,970 | $0 | $7,949 | $0 | $12,642 | $0 | $17,087 | $0 | $394,746 | $0 | $0 | $0 |
| ACIE FORRER | ||||||||||||||
| SW FLORIDA MARKET PRESIDENT | $281,790 | $0 | $79,657 | $0 | $10,481 | $0 | $12,742 | $0 | $10,072 | $0 | $394,742 | $0 | $0 | $0 |
| JAMES HAGGINS | ||||||||||||||
| CHIEF OF COLLECTIONS | $270,994 | $0 | $80,325 | $0 | $5,486 | $0 | $12,462 | $0 | $19,237 | $0 | $388,504 | $0 | $0 | $0 |
| TIMOTHY LYSAK | ||||||||||||||
| CHIEF INFORMATION OFFICER | $248,450 | $0 | $71,298 | $0 | $5,870 | $0 | $11,716 | $0 | $20,557 | $0 | $357,891 | $0 | $0 | $0 |
| VANESSA HERNANDEZ | ||||||||||||||
| CHIEF RETAIL DELIVERY | $247,705 | $0 | $69,797 | $0 | $10,141 | $0 | $10,200 | $0 | $17,087 | $0 | $354,930 | $0 | $0 | $0 |
| CAMERON BROCK | ||||||||||||||
| SVPII COMMERCIAL RELATIONSHIP OFFICE | $240,179 | $0 | $69,960 | $0 | $4,610 | $0 | $11,034 | $0 | $19,237 | $0 | $345,020 | $0 | $0 | $0 |
| LORI KATZ | ||||||||||||||
| SVPII COMMERCIAL LOAN ADMINISTRATOR | $222,307 | $0 | $50,074 | $0 | $3,038 | $0 | $10,137 | $0 | $10,150 | $0 | $295,706 | $0 | $0 | $0 |
| DAVID BOEHLING | ||||||||||||||
| SVP/PRIVATE CLIENT OFFICER | $119,535 | $0 | $129,317 | $0 | $2,078 | $0 | $10,623 | $0 | $19,322 | $0 | $280,875 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | STEVE MOSELEY, THE PRESIDENT/CEO, PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2024. DURING 2024, THE CREDIT UNION ACCRUED $1,788,619 TOWARD THE PLAN. THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE PRESIDENT/CEO, STEVE MOSELEY, THE EVP/CFO, ZELDA ABRAM, THE EVP/COO, CHRISTOPHER DAVID, THE EVP/CLO, STERLING GRUBBS, THE CIO, TIMOTHY LYSAK, AND THE CCL, TIMOTHY STALEY, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. SEE SCHEDULE L. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| STEVE MOSELEY | |||||||
| CEO | SPLIT DOLLAR | Yes (X) | $17,300,000 | $17,172,535 | 0 | Yes (1) | Yes (1) |
| ZELDA ABRAM | |||||||
| CFO | SPLIT DOLLAR | Yes (X) | $2,000,000 | $2,207,808 | 0 | Yes (1) | Yes (1) |
| CHRISTOPHER DAVID | |||||||
| COO | SPLIT DOLLAR | Yes (X) | $2,250,000 | $2,483,785 | 0 | Yes (1) | Yes (1) |
| STERLING GRUBBS | |||||||
| CLO | SPLIT DOLLAR | Yes (X) | $2,400,000 | $2,649,371 | 0 | Yes (1) | Yes (1) |
| TIMOTHY STALEY | |||||||
| CCL | SPLIT DOLLAR | Yes (X) | $1,400,000 | $1,484,689 | 0 | Yes (1) | Yes (1) |
| TIMOTHY LYSAK | |||||||
| CIO | SPLIT DOLLAR | Yes (X) | $2,200,000 | $2,327,090 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $28,325,278 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCH L, PART II | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR" PLAN. THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY. THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT; HOWEVER, THESE LOANS WERE GRANTED WITH RECOURSE. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | OUR WHOLLY OWNED SUBSIDIARY, MIDFLORIDA INSURANCE, LLC CEASED OPERATIONS IN DECEMBER 2024. THE ACTIVITIES OF MIDFLORIDA INSURANCE, LLC THROUGH THE DATE OPERATIONS CEASED ARE INCLUDED IN THE ACTIVITIES OF THE CREDIT UNION WITHIN FORM 990. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ANNUAL ELECTIONS ARE HELD AND ALL MEMBERS IN GOOD STANDING ARE ENTITLED TO VOTE FOR THE SLATE OF VOLUNTEERS THAT HAVE BEEN PLACED ON BALLOTS. |
| 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 | ANNUAL TAX RETURNS ARE REVIEWED BY CERTAIN OFFICERS OF THE CREDIT UNION AND BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ENFORCEMENT OF CONFLICTS OF INTEREST ARE CARRIED OUT BY THE ORGANIZATION. ANY CONFLICTS OF INTEREST RELATED TO OFFICERS AND DIRECTORS ARE REPORTED TO THE STATE AS PART OF THE ANNUAL REGULATORY AUDIT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SALARY ADMINISTRATOR CONDUCTS BIENNIAL SALARY SURVEYS, USING FINANCIAL INDUSTRY SOURCES, TO ENSURE THAT SALARIES AND SALARY RANGES REFLECT CURRENT MARKET CONDITIONS. THE BOARD PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS REVIEW AND APPROVE SALARY RANGES AND CHANGES. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | DEBIT CARD PROCESSING FEE 10,332,826. ATM PROCESSING FEE 2,389,155. HOME BANKING 1,414,569. DEBIT CARD PREPARATION 764,975. MEMBER STATEMENT PRODUCTION 506,458. OTHER PROFESSIONAL SERVICES 2,514,927. |
| FORM 990, PART IX, LINE 24E | ASSOCIATION DUES 344,383. MISCELLANEOUS 92,764. UNCOLLECTIBLE PROCESSING COST 62,146. CASH OVER & SHORT 41,352. ANNUAL MEETING 1,200. |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN ACTUARIAL GAIN/(LOSS) ON DEFINED BENEFIT PENSION PLAN 13,325,820. |
| FORM 990, PART XII, LINE 2C: | A COMMITTEE EXISTS THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE ANNUAL FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA INSURANCE SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 129 S KENTUCKY AVE | AddressLine1Txt |
| City | LAKELAND | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462807225 | EIN |
| Primary Activities | INSURANCE | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Total Income | $59,066 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA CREDIT UNION | BusinessNameLine1Txt |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA TITLE PROFESSIONALS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1Txt |
| City | LAKELAND | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510423632 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $154,515 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $181,939 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.55000 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SOUTHEAST LOAN ORIGINATION LLC | ||||||||||||
| 129 S KENTUCKY AVE | LAKELAND | FL | 33801 | 861606513 | NONMEMBER DEPOSITS | FL | MIDFLORIDA CREDIT UNION | C | $46,480 | $1,420,349 | 1.00000 | 0 |
| SOUTHEAST TRUST COMPANY LLC | ||||||||||||
| 129 S KENTUCKY AVE | LAKELAND | FL | 33801 | 843227853 | TRUST COMPANY | FL | MIDFLORIDA CREDIT UNION | C | $2,113,268 | $4,533,795 | 1.00000 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MIDFLORIDA TITLE PROFESSIONALS LLC | ||
| A | $24,000 | CONTRACT |
| SOUTHEAST TRUST COMPANY LLC | ||
| A | $21,000 | CONTRACT |