2015-07-30T04:37:52-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 590857430 floridacentral CREDIT UNION FLOR 8138793333 3333 HENDERSON BLVD TAMPA FL 33679 JAMES S PARISI SVPCFO 2015-07-30 true DOUGLAS ORTH 3052328272 2015-07-30 2014 2016-03-07 17:11:31Z LAIDA E GARCIA 3333 HENDERSON BLVD TAMPA FL 33609 52228774 false 2106 X www.fccuonline.com X CREDIT UNION 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 6 170 8 0 0 17526464 19324486 2098976 2272137 593247 0 20218687 21596623 0 0 7568845 7276115 0 0 10889861 11776091 18458706 19052206 1759981 2544417 386819806 390919027 351702678 352823472 35117128 38095555 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. false false 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. false false true false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 15107 0 true 170 true false false false false false false X 7 6 false false false false true true true true true false false false false false false false true true true false X JAMES S PARISI 8133876112 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA CEO/TREASURER OF THE BOARD 040.00 X X 348433 0 79742 NED HINES CHAIRMAN OF THE BOARD 001.00 X 0 0 0 DAVE KELSEY VICE CHAIRMAN OF THE BOARD 001.00 X 3402 0 0 KEN SPENSE BOARD DIRECTOR 001.00 X 3402 0 0 MARGARET SPURRIER SECRETARY 001.00 X 2712 0 0 STEPHEN SHEAR BOARD DIRECTOR 001.00 X 3431 0 0 STEVIE OSTERLAND BOARD DIRECTOR 001.00 X 0 0 0 WILLIAM MIGNONE SC CHAIRMAN 001.00 X 0 0 0 DAVID STEFFEN S. COMMITTEE MEMBER 001.00 X 0 0 0 JAMES S PARISI SVP/CFO 040.00 X 169899 0 40558 JULIE FLATT SVP/COO 040.00 X 142793 0 84839 PATRICIAL WADDELL IT MANAGER 040.00 X 113233 0 42265 JOSEPH MATTA ACCOUNTING MANAGER 040.00 X 104187 0 33999 THOMAS CHESNUTT DIRECTOR OF SALES 040.00 X 112762 0 26658 CARLA GANT VP HUMAN RESOURCES 040.00 X 90568 0 23008 SHERRI INGRAM SYSTEM ANALYST SUPERVISOR 040.00 X 85850 0 14447 1180672 345516 8 false true false CONNECT FINANCIAL 64 E WINCHESTER ST STE 230 MURRAY UT 84107 HOMEBANKING 252706 COX RADIO PO BOX 861852 ORLANDO FL 32886 RADIO ADVERTISING 271005 BANCVUE PO BOX 527 LUBBOCK TX 79408 REWARD CHECKING 277703 BUTTERFLY INFORMATION TECHNOLOGY 11950 NW 39TH ST CORAL SPRINGS FL 33065 MAILING HOUSE 294202 FISERV 75 REMITTANCE DRIVE SUITE 6945 CHICAGO IL 60675 IN HOUSE CORE PROCESSOR 307667 9 INTEREST ON LOANS 522100 12892693 12892693 FEES/CHARGES/OTHER 522100 6431793 6431793 19324486 1738093 1738093 31028370 137825 30498403 133748 529967 4077 534044 534044 21596623 21596623 0 0 0 0 879211 879211 0 4906997 4906997 -66434 -66434 1112461 1112461 443880 443880 0 37352 37352 52723 52723 0 0 108731 108731 785000 785000 1900914 1900914 690663 690663 0 966466 966466 183755 183755 0 19249 19249 1427335 1427335 0 754737 754737 174885 174885 SEE ATTACHED SCHEDULE 4674281 4674281 0 19052206 19052206 3400013 3552895 23414406 32329627 1533475 1474632 233525588 270852494 3968279 5236913 19548318 5698237 12936659 13850081 91438722 46336349 774398 805172 15828266 16480864 386819806 390919027 3237466 2627472 348465212 350196000 351702678 352823472 X 35117128 38095555 35117128 38095555 386819806 390919027 X 2544417 -538421 972431 X false true X true false 1000 1000 1000 true FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC) 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 1000 false 5701609 5701609 7538798 1033712 6505086 521093 154283 366810 5786818 4510242 1276576 13850081 Financial derivatives and other financial products Closely-held equity interests Federal income taxes REGULAR SHARES 129941069 CHRISTMAS CLUB 265670 TIME DEPOSITS 38868523 CHECKING ACCOUNTS 27089228 ULTIMATE CHECKING 101371772 IRA ACCOUNTS 12648046 IRA CERTIFICATES 10523241 MONEY MARKETS 23849505 ESCROW 2783 REGULAR SHARE BUSINESS 654487 SHARE DRAFT BUSINESS 4981676 350196000 X X 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 CONSOLIDATED 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 501C14. 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 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. AS A RESULT OF ADOPTING THE INCOME TAX TOPIC OF THE FASB ASC, 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, 2014. 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 UNIONS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2014 AND 2013. X true true X X X X false true false LAIDA E GARCIA CEO/TREASURER OF THE BOARD 348433 69154 10588 428175 JAMES S PARISI SVP/CFO 169899 32017 8541 210457 JULIE FLATT SVP/COO 142793 76448 8391 227632 PATRICIAL WADDELL IT MANAGER 113233 33971 8294 155498 Part I Line 4b DURING 2014 THE CREDIT UNION FUNDED 17,500 FOR LAIDA GARCIAS PRESIDENT CEO 457B PLAN BENEFIT. Part I Line 4b DURING 2014 THE CREDIT UNION ACCRUED 13,349 FOR A DEFERRED COMPENSATION PLAN FOR LAIDA GARCIA PRESIDENT CEO. 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 BODYS 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 11b SUBSEQUENT TO FILING, A COPY OF FORM 990 IS REVIEWED BY BOARD MEMBERS AND REVIEW IS DOCUMENTED ON THE BOARD OF DIRECTORS MINUTES. Form 990, Part VI, Section B, Line 15A A PERFORMANCE EVALUATION FORM IS COMPLETED BY THE BOARD ANNUALLY FOR THE CEO. CEO SALARY IS ALSO DETERMINED BY THE BOARD. Form 990, Part VI, Section B, Line 15B AN EVALUATION IS PERFORMED ANNUALLY BY THE CEO. JOB GRADES AND COMPENSATION RANGES FOR EACH GRADE ARE ESTABLISHED BY A THIRD-PARTY COMPENSATION FIRM KOGER, GOODWIN AND ASSOCIATES. Form 990, Part VI, Section C, Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA.GOV WEBSITE VIA THE QUARTERLY 5300 FILING. Form 990, Part XI, Line 5 NET PENSION GAINS MEMBER SERVICES CORPORATION PO BOX 18605 TAMPA FL 336798605 592678556 CREDIT UNION SUPPORT SERVICE FL FLORIDA CENTRAL CREDIT UNION C Corp 691914 498229 1.00000 true false false false false false false false false false false false false false true true false false false false MEMBER SERVICES CORPORATION INC n 31700 ACTUAL MEMBER SERVICES CORPORATION INC o 17960 ACTUAL