2014-11-14T05:11:43-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 590687423 FIRST COMMERCE CREDIT UNION FIRS 8005335772 2073 SUMMIT LAKE DRIVE Room 100 TALLAHASSEE FL 32317 DENNIS G ADAMS SVPCFO 2014-11-14 true DOUGLAS ORTH 3052328272 2014-11-14 2013 2015-11-30 17:44:51Z CECILIA HOMISON 2073 SUMMIT LAKE DRIVE SUITE 100 TALLAHASSEE FL 32317 28306916 false 2106 X WWW.FIRSTCOMMERCECU.ORG X CREDIT UNION 1940 FL TO PROVIDE SERVICES AND EDUCATION TO MEMBERS IN THE FRAMEWORK OF A FINANCIAL COOPERATIVE. 7 7 146 10 42778 0 23320686 22056798 491410 527118 3357755 4468968 27169851 27052884 0 0 8429491 8541700 0 0 17376525 15572288 25806016 24113988 1363835 2938896 354673140 384271252 308597528 335395283 46075612 48875969 TO BE OUR MEMBERS FINANCIAL PARTNER FOR LIFE. false false TALLAHASSEES 1 AUTO LENDING PROGRAM OVER THE PAST DECADE- FIRST COMMERCE HAS EARNED THE TITLE OF TALLAHASSEES NUMBER ONE AUTO LENDER YEAR AFTER YEAR. THIS TITLE HAS BEEN CONSISTENTLY EARNED BECAUSE THE CREDIT UNION OFFERS A RANGE OF AUTO LOAN CHOICES FOR ALMOST EVERY BUDGET AND CREDIT LEVEL. FIRST COMMERCES FLEXIBLE TERMS AND COMPETITIVE RATES ALLOW MEMBERS TO PURCHASE THE VEHICLE THEY NEED AT A MONTHLY PAYMENT THEY CAN AFFORD. OVER 9,000 MEMBERS CURRENTLY ENJOY THE MOST CONSUMER-FRIENDLY AUTO LOAN PROGRAM IN THE AREA. 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 true false false false true 6280 0 true 146 true true true false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X WILMA WOOTEN 8504103563 PO BOX 6416 TALLAHASSEE FL 32314 JR PHELPS DIRECTOR 001.00 X 0 0 0 RIVERS BUFORD III VICE CHAIRMAN 001.00 X 0 0 0 MIKE GOMEZ TREASURER 001.00 X 0 0 0 JERRY OSTERYOUNG CHAIRMAN 001.00 X 0 0 0 CANITA PETERSON SECRETARY 001.00 X 0 0 0 KATHY ARRANT DIRECTOR 001.00 X 0 0 0 JOHN GRAYSON DIRECTOR 001.00 X 0 0 0 CECILIA HOMISON CEO 040.00 X 301255 0 40437 DENNIS G ADAMS VP/CFO 040.00 X 157325 0 15484 MARY ESTES SR. VP OF OPERATIONS 040.00 X 259915 0 25990 JEFF BOND VP AND CIO 040.00 X 194448 0 20276 CARLA DE BALDO VP OF SALES 040.00 X 156222 0 17468 DONNA MORAN DIRECTOR OF HUMAN RESOURCES 040.00 X 113910 0 20774 ANDY PRICE GENERAL COUNCIL 040.00 X 129690 0 15587 JOHN MEDINA PRESIDENT- INVESTMENT DIVISION 040.00 X 132982 0 7024 JEFF ASKINS FINANCIAL ADVISOR 040.00 X 114915 0 10791 WILMA WOOTEN CONTROLLER 040.00 X 117595 0 8510 1678257 182341 13 false true false CORNERVIEW BUILDING LLC 1625 SUMMIT LAKE DRIVE STE 229 TALLAHASSEE FL 32317 MONTHLY LEASE 1109468 CORELOGIC TAX SERVICES LLC PO BOX 200079 DALLAS TX 75320 TAX SERVICES 988540 JACK HENRY & ASSOCIATES PO BOX 503328 ST LOUIS MO 63150 DATA PROCESSING SERVICES 307275 THIRD DEGREE ADVERTISING 501 N WALKER STE 100 OKLAHOMA CITY OK 73104 ADVERTISING 577624 FISERV PO BOX 409287 ATLANTA GA 30384 DATA PROCESSING/ATM HOME BANKING 1279586 15 LOANS TO MEMBERS 522100 16049671 16049671 FEES AND SERVICES 522100 5964349 5964349 UNRELATED BUSINESS INCOME 900099 42778 42778 22056798 359329 359329 1421821 1254032 167789 167789 167789 MISCELLANEOUS INCOME 522100 3700024 3700024 OTHER OPERATING INCOME 522100 768944 768944 4468968 27052884 27010106 42778 0 0 0 0 1188820 1188820 0 5419938 5419938 351717 351717 1061458 1061458 519767 519767 54207 54207 138124 138124 178883 178883 0 0 490385 490385 1175486 1175486 593661 593661 146431 146431 0 1617337 1617337 116146 116146 0 32995 32995 1603398 1603398 55265 55265 1850071 1850071 229711 229711 SEET ATTACHED SCHEDULE 7290188 7290188 0 24113988 24113988 3748238 3960292 18326982 17413525 1459673 1309446 1524027 1531808 280827724 308159011 734384 504686 41520117 9234600 17985919 32285517 14264109 11065547 1155701 1146860 14646383 6894560 354673140 384271252 5592899 6177293 14000000 15857143 289004629 313360847 308597528 335395283 X 46075612 48875969 46075612 48875969 354673140 384271252 2938896 -138539 X false true X true false 11250 11250 11250 true FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 10000 NANCY MILLER (CITY COMMISSIONER-TALLAHASSEE) PO BOX 16278 TALLAHASSEE FL 32317 466731915 500 GIL ZIFFER (CITY COMMISSIONER-TALLAHASSEE) PO BOX 3208 TALLAHASSEE FL 32315 271200183 250 ANDREW GILLUM (CITY COMMISSIONER-TALLAHASSEE) 5325 SAINT IVES LANE TALLAHASSEE FL 32309 595034993 250 KRISTEN DOZIER (COUNTY COMMISSIONER-TALLAHASSEE) 1226 CLAUDE PICKARD DR TALLAHASSEE FL 32308 466893076 250 false 6331154 6331154 28232728 3583290 24649438 447427 310716 136711 6508808 5340594 1168214 32285517 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 65932649 SHARES 59112547 MONEY MARKET 88927895 IRA SHARES 19294934 CERTIFICATES 80092822 313360847 X X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES HOWEVER, THE CREDIT UNIONS WHOLLY OWNED CUSO IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. 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 TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX. UBI 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 2012, 2011, AND 2010 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE DIFFERENT THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X X X true true X X X false false false CECILIA HOMISON CEO 245000 30000 26255 20351 20086 341692 MARY ESTES SR. VP OF OPERATIONS 176850 24710 58355 13769 12221 285905 JEFF BOND VP AND CIO 155000 26200 13248 13399 6877 214724 CARLA DE BALDO VP OF SALES 136462 18620 1140 10608 6860 173690 DENNIS G ADAMS VP/CFO 138635 17550 1140 6247 9237 172809 CECILIA D HOMIS CEO LIFE INSURANCE X 1524027 1572361 false true true 1572361 Form 990, Part VI, Section A, Line 6 THE CREDIT UNION HAS MEMBERS. THE CREDIT UNIONS MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNIONS MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATIONS PROFITS IN THE FORM OF CASH DIVIDENDS. Form 990, Part VI, Section A, Line 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS ELECTION AND REMOVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. Form 990, Part VI, Section B, Line 11B THE ACCOUNTING DEPARTMENT DOES VERIFY AND TIE OUT THE FIGURES TO THE FINANCIAL STATEMENTS. Form 990, Part VI, Section B, Line 12C THE EXTERNAL AUDITORS PERFORM AN AUDIT OF EMPLOYEE ACCOUNTS AND THEIR RESPECTIVE FINANCIAL AND GENERAL LEDGER TRANSACTIONS ON A QUARTERLY BASIS TO MONITOR AND VERIFY THAT THERE ARE NO TRANSACTIONS PERFORMED BY THE EMPLOYEE AND/OR ON THEIR RESPECTIVE ACCOUNT THAT ARE IMPROPER AND/OR CONFLICT WITH THEIR JOB RESPONSIBILITIES. Form 990, Part VI, Section B, Line 15AB A MINIMUM OF ONCE A YEAR, COMPARABLE COMPENSATION DATA IS RESEARCHED USING SALARY.COM. SEVERAL DIMENSIONS ARE EVALUATED AND A SALARY RANGE IS RECOMMENDED. THIS RANGE IS APPROVED BY THE CEO AND THEN ULTIMATELY BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 CONFLICTS OF INTEREST POLICIES ARE NOT PUBLICLY PUBLISHED. QUARTERLY FINANCIALS ARE PUBLISHED AT THE ENTRANCE OF EACH OF THE BRANCH OFFICES, THE CALL REPORT IS FILED QUARTERLY WHICH IS PUBLIC INFORMAITON AND OUR ANNUAL REPORT IS AVAILABLE TO ALL MEMBERS WHICH CONTAINS FINANCIALS. IF REQUESTED, BY-LAWS WOULD BE MADE AVAILABLE FOR VIEWING AT THE ADMINISTRATIVE OFFICES. 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. SIX PILLARS FINANCIAL ADVISORS LLC 2073 SUMMIT LAKE DRIVE ROOM 100 TALLAHASSEE FL 32317 453322731 FINANCIAL ADVISORS FL 222555 74424 FLORIDA COMMERCE CREDIT UNION