2015-11-06T05:06:32-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 590873652 ENVISION CREDIT UNION ENVI 8509429000 PO BOX 5198 TALLAHASSEE FL 32314 STEPHANIE STRAKER VP FINANCE 8509429000 2015-11-06 true DOUGLAS ORTH 3052328272 2015-11-06 2014 2016-04-25 22:37:26Z DARRYL WORRELL 440 N MONROE STREET TALLAHASSEE FL 32301 29382290 false 2106 X www.envisioncu.com X CREDIT UNION 1954 FL TO SAFEGUARD AND MANAGE THE ASSETS ENTRUSTED TO THE CREDIT UNION BY ITS MEMBER-OWNERS TO BETTER THE ECONOMIC WELL BEING OF OUR MEMBER-OWNERS BY DELIVERING CONVENIENT PERSONALIZED PRODUCTS AND SERVICES OF EXCEPTIONAL VAL 5 5 182 8 312888 0 13039742 13411492 1784403 1966911 3628778 3502338 18452923 18880741 0 0 5212925 5307959 0 0 11185585 12440600 16398510 17748559 2054413 1132182 263924609 275921017 243139445 253504436 20785164 22416581 MEET MEMBERS FINANCIAL NEEDS THROUGH QUALITY SERVICE AT THE BEST VALUE WHILE MAINTAINING FINANCIAL STABILITY. false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM 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 true false false false false false false false false false true false false true 10922 0 true 182 true true true false false false false false X 5 5 false false false false true true true true true false false false true true true true true true true false X MR DARRYL WORRELL 8509429000 440 N MONROE ST TALLAHASSEE FL 32301 TB PERRIN BOD 2ND V. CHAIR 001.00 001.00 X 0 0 0 M C BRYANT BOD CHAIR 001.00 001.00 X 0 0 0 K SAMUEL BOD 1ST V. CHAIR 001.00 001.00 X 0 0 0 J CROTEAU BOD SECRETARY 001.00 001.00 X 0 0 0 S MCCALL BOD TREASURER 001.00 001.00 X 0 0 0 DG WORRELL PRESIDENT/CEO 040.00 040.00 X 264099 0 33994 M W HAMBRICK SVP/CFO 040.00 040.00 X 139507 0 7371 A R PROSSER SVP/CAO 040.00 040.00 X 141441 0 22047 H M MADDOX SVP/MEMBER SERVICES 040.00 040.00 X 154768 0 15338 E GRINER SVP/PAYMENT SYSTEMS 040.00 040.00 X 127572 0 38796 827387 117546 5 false true false NCR CORPORATION 1481 COLLECTIONS CENTER DR CHICAGO IL 60693 ATM MAINTENANCE/INSTALLATION 421817 FIS 11601 N ROOSEVELT BLVD ST PETERSBURG FL 33716 PLASTICS SERVICER 2187355 WILLIAMS GAUTIER GWYNN PO BOX 4128 TALLAHASSEE FL 32315 LEGAL SERVICES 291337 UNITED SOLUTIONS COMPANY PO BOX 5496 TALLAHASSEE FL 32314 DATA PROCESSOR/COLLECTIONS/SERVICER 1360827 COMMERCIAL MAINTENANCE 3550 LAKESHORE DRIVE TALLAHASSEE FL 32312 MAINTENANCE/FACILITIES PROVIDER SERVICE MANAGER 268307 12 INTEREST INCOME ON LOANS 522100 9206490 9206490 FEES/CHARGES/OTHER 522100 3892114 3892114 NON MEMBER ATM FEES 900099 299628 299628 NON MEMBER CHECK CASHING FEES 900099 13260 13260 13411492 1465356 1465356 10954112 48992 10418549 83000 535563 -34008 501555 501555 MISCELLANEOUS INCOME 522100 3200862 3200862 OTHER NON OPERATING INCOME 522100 301476 301476 3502338 18880741 18567853 312888 0 0 0 0 608459 608459 0 3783062 3783062 148788 148788 411670 411670 355980 355980 0 284466 284466 57678 57678 0 0 365697 365697 585117 585117 559078 559078 1355972 1355972 0 172938 172938 26834 26834 0 83670 83670 546799 546799 49003 49003 780906 780906 151681 151681 SEE ATTACHED SCHEDULE 7420761 7420761 0 17748559 17748559 18228713 27090473 1000000 1935453 2018498 5851580 5722944 153074295 170903652 218147 305206 17027817 6595197 10348039 10432620 59739651 46565802 814077 579100 12714654 12302722 263924609 275921017 4918322 5034199 10000000 7500000 228221123 240970237 243139445 253504436 X 20785164 22416581 20785164 22416581 263924609 275921017 1132182 499235 X false true X true false 1105 1105 1105 true FLORIDA CREDIT UNION POLITICAL COMMITTEE 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 1105 false 4087604 4087604 8649840 3521201 5163481 4290373 3541387 1181535 10432620 Financial derivatives and other financial products Closely-held equity interests Federal income taxes CHECKING ACCOUNTS 62221442 REGULAR SHARES 91463571 MONEY MARKET 59937754 CERTIFICATES 15661794 IRA/KEOGH 11685676 OTHER DEPOSITS 240970237 X X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL TAXES HOWEVER, THE CONSOLIDATED SUBSIDIARY IS NOT EXEMPT. USC ACCOUNTS FOR TAXES IN ACCORDANCE WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE ASC. THE STATEMENT REQUIRES THAT DEFERRED INCOME TAXES REFLECT TAX CONSEQUENCES ON FUTURE YEARS OF DIFFERENCES BETWEEN THE TAX BASIS OF ASSETS AND LIABILITIES AND THEIR BASIS FOR FINANCIAL REPORTING PURPOSES. IN ADDITION, THIS TOPIC REQUIRES THE RECOGNITION OF FUTURE TAX BENEFITS, SUCH AS NET OPERATING LOSS CARRY FORWARDS, TO THE EXTENT THAT REALIZATION OF SUCH BENEFITS ARE MORE LIKELY THAN NOT. DEFERRED TAXES ARE PROVIDED FOR PURPOSES OF REPORTING ON TEMPORARY DIFFERENCES BETWEEN ACCOUNTING AND TAXABLE INCOME. 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 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 RELEASED TECHNICAL ADVICE MEMORANDUMS TAMS TO SPECIFIC STATE CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBIT MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS 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 CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2013, 2012, AND 2011 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. X X true true false DG WORRELL PRESIDENT/CEO 246690 7274 10135 15600 18394 298093 A R PROSSER SVP/CAO 126728 13042 1671 16063 5984 163488 H M MADDOX SVP/MEMBER SERVICES 140366 14154 248 9365 5973 170106 E GRINER SVP/PAYMENT SYSTEMS 109137 17184 1251 32962 5834 166368 Part I Line 4A MICHAEL HAMBRICK RECEIVED SEVERANCE OF 58,956 Part I Line 4b THE FOLLOWING EMPLOYEES PARTICIPATE IN A 457f PLAN ANICE PROSSER BALANCE AS OF 12/31/14 43,825 EDITH GRIER BALANCE AS OF 12/31/14 57,280. Part I Line 4b DARRYL WORRELL PARTICIPATES IN A SECURED SPLIT DOLLAR PROGRAM WHEREBY ECU LOANS THE OFFICER FUNDS FOR THE PURCHASE OF TWO LIFE INSURANCE POLICIES. THE FIRST POLICY IS KNOWN AS THE REPAYMENT POLICY AND IS SPECIFICALLY DESIGNED TO REPAY THE CREDIT UNION THE AMOUNT OF THE LOAN PLUS INTEREST UPON THE DEATH OF THE INSURED. THE SECOND POLICY FOCUSES ON FUNDING EXECUTIVE LOANS TO SUPPLEMENT RETIREMENT INCOME. DARRYL WORRELL PRESIDENT/CEO TO FUND DEFERRED COMPENSATION PLAN X 5851580 5722944 false true true 5722944 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. EACH MEMBER HAS ONLY ONE VOTE IT IS NOT POSSIBLE FOR A SINGLE MEMBER TO ELECT A MEMBER TO THE GOVERNING BODY. 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, 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 WHEN THE FORM 990 HAS BEEN COMPLETED BY THE CPA FIRM AND RECEIVED BY ECU, IT IS REVIEWED FIRST BY THE CFO FOR ACCURACY, THEN WITH THE CEO AND LATER PRESENTED TO THE LEADERSHIP TEAM COMPOSED OF THE SENIOR VICE PRESIDENTS. Form 990, Part VI, Section B, Line 12C COMPLIANCE WITH THE CREDIT UNIONS OFFICER, DIRECTOR, AND EMPLOYEE POLICIES REGARDING CONFLICTS OF INTEREST ARE ADDRESSED IN THE RELATED POLICIES. Form 990, Part VI, Section B, Line 15AB IT IS THE POLICY OF THE CREDIT UNION TO PAY COMPENSATION THAT IS NONDICRIMINATORY AND COMPETITIVE. HOWEVER, ALL COMPENSATION POLICY DECISIONS MUST TAKE INTO CONSIDERATION, ENVISION CREDIT UNIONS OVERALL FINANCIAL CONDITION AND COMPETITIVE POSITION. Form 990, Part VI, Section C, Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILALBE 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 WEBSITE, VIA THE QUARTERLY 5300 FILING. 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