2014-08-13T05:49:41-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 590637646 CAMPUS USA CREDIT UNION CAMP 3523359090 PO BOX 147029 GAINESVILLE FL 32614 JERRY BENTON CEO 2014-08-13 true DOUGLAS ORTH 3052328272 2014-08-13 2013 2015-11-30 17:44:51Z JERRY BENTON 14007 NW 1ST ROAD JONESVILLE FL 32669 69853556 false 2106 X www.campuscu.com X CREDIT UNION 1935 FL CAMPUS USA CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION PROVIDER. IT HAS SIX COUNTIES FOR MEMBERSHIP WITH COMPETITIVE SAVINGS AND LOAN RATES ALONG WITH EXCEPTIONAL MEMBER SERVICE. 7 7 276 7 86056 -81699 0 44780816 43566622 3414937 2891963 957801 1599302 49153554 48057887 0 0 17158533 18043867 0 0 24698892 21815118 41857425 39858985 7296129 8198902 1104461677 1140543588 962993077 987485542 141468600 153058046 THE MISSION OF OUR CREDIT UNION IS TO RESPOND TO THE NEEDS OF THE MEMBERSHIP BY OFFERING THE BEST FINANCIAL SERVICES. OUR CREDIT UNION IS A NOT-FOR-PROFIT SERVICE ORGANIZATION WHICH MAINTAINS A STRONG FINANCIAL FOUNDATION. false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND 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 true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 20145 0 true 276 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 JERRY BENTON 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 DR P WELCH DIRECTOR 002.50 002.50 X 0 0 0 DR J BENNET DIRECTOR 002.50 002.50 X 0 4050 0 W WILLIAMS DIRECTOR 002.50 002.50 X 0 0 0 K BURKETT DIRECTOR 002.50 002.50 X 0 4050 0 P HINSON V. CHAIR 002.50 002.50 X 0 1352 0 J HUTTO DIRECTOR 002.50 002.50 X 0 0 0 R PUCKETT CHAIRMAN 002.50 002.50 X 0 0 0 M WALDORFF DIRECTOR 002.50 002.50 X 0 0 0 RL SCOTT PRESIDENT 040.00 040.00 X 4660801 0 901181 J BENTON COO 040.00 040.00 X 229532 0 68749 G WATERS CSO 040.00 040.00 X 228343 0 69750 T STUDLEY CFO 040.00 040.00 X 202195 0 16621 J HUNT CFO 040.00 040.00 X 57613 0 13216 G HAMLETT GENERAL COUNSEL 040.00 040.00 X 148524 0 59077 J THACKREY CTO 040.00 040.00 X 192869 0 68855 R WISE QC DIRECTOR 040.00 040.00 X 452976 0 62543 F HILTON INVESTMENT SERVICES MANAGER 040.00 040.00 X 171621 0 33035 J HARPER VP OF HR 040.00 040.00 X 181646 0 59757 D BARBER COMMERCIAL LOAN MANAGER 040.00 040.00 X 120534 0 27876 6646654 9452 1380660 10 false true false PRINCIPAL MUTUAL LIFE INS CO PO BOX 9394 DES MOINES IA 50306 PENSION/401K PLANS 2010883 AAA AUTO CLUB SOUTH INC 800 SECOND AVE SOUTH SUITE 210 ST PETERSBURG FL 33701 INDIRECT LOAN PREMIUMS 952652 SCHERER CONSTRUCTION 2504 NW 71 PLACE GAINESVILLE FL 32653 CONSTRUCTION 1248702 FISERV 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 60675 CORE SOFTWARE MAINTENANCE 670609 VON FRASER - TAX COLLECTOR PO BOX 142530 GAINESVILLE FL 326142530 TAX 565448 42 INTEREST ON LOANS 522100 32945441 32945441 FEES/CHARGES 522100 10535125 10535125 SECURITY SALES 523000 8002 8002 MBI 524298 18130 18130 NON-MEMBER ATM FEES 522200 59924 59924 43566622 2810361 2810361 20110563 1766708 20154260 1641409 -43697 125299 81602 81602 OTHER INCOME 522100 1599302 1599302 1599302 48057887 47971831 86056 0 0 0 0 6665054 6665054 0 5925617 5925617 1599688 1599688 2853692 2853692 999816 999816 0 3167 3167 464966 464966 0 0 123939 123939 1829703 1829703 2937721 2937721 0 0 2106013 2106013 0 0 0 4791966 4791966 115070 115070 2471430 2471430 290283 290283 SEE ATTACHED SCHEDULE 6680860 6680860 0 39858985 39858985 80608100 30062676 30613378 32697533 2969625 3173206 698469660 774445722 953416 7789506 62658561 18163086 44782445 44495475 215870064 213795534 15540585 19819650 14654404 14264286 1104461677 1140543588 14413395 12889448 4500000 944079682 974596094 962993077 987485542 X 141468600 153058046 141468600 153058046 1104461677 1140543588 X 8198902 -2308534 5699078 X false true X true false 4643 4643 4643 true FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC) 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 4643 false 12266200 11766349 37336714 6830159 30506555 1751617 1731440 20177 11304030 9101636 2202394 44495475 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 138162398 SHARE AND EQUIVALENTS 383232482 MONEY MARKET ACCOUNTS 153274746 IRA SHARES 34640021 SHARE AND IRA CERTIFICATES 265286447 974596094 X 48101584 48101584 -43697 -43697 48057887 39902682 43697 43697 39858985 39858985 X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES. 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 THE 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 UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL 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. 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 RECOGNITON OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING 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 EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. XI 4B NET LOSSES ON THE SALE OF INVESTMENTS WERE PRESENTED AS A REDUCTION OF GROSS REVENUES IN PART VIII FOR 990 REPORTING PURPOSES. XII 2D NET LOSSES ON THE SALE OF INVESTMENTS WERE REPORTED UNDER NON-INTEREST EXPENSE IN THE STATEMENT OF INCOME OF THE AUDITED FINANCIAL STATEMENTS. X X X true true X X false true false RL SCOTT PRESIDENT 453325 100800 4106676 885219 15962 5561982 J BENTON COO 191802 35250 2480 56402 12347 298281 G WATERS CSO 187734 35250 5359 56209 13541 298093 T STUDLEY CFO 109890 92305 7288 9333 218816 J THACKREY CTO 154837 36250 1782 53023 15832 261724 R WISE QC DIRECTOR 170501 35250 247225 53886 8657 515519 F HILTON INVESTMENT SERVICES MANAGER 141920 27836 1865 17570 15465 204656 G HAMLETT GENERAL COUNSEL 111731 35250 1543 44004 15073 207601 J HARPER VP OF HR 144370 35250 2026 50573 9184 241403 Part II Line 4b LARRY SCOTT RECEIVED 4,098,621 FROM PRINCIPAL FINANCIAL GROUP 457F DEFINED BENEFIT. 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. Form 990, Part VI, Section A, Line 11A THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN AND USES THE CPA FIRM TO HELP COMPLETE THE FINANCIAL ASPECT OF THE RETURN. THE RETURN IS PRESENTED TO THE CREDIT VP OR HR, VP OF OPERATIONS AND TO THE PRESIDENT/CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. Form 990, Part VI, Section B, Line 12C THE CONFLICT OF INTEREST POLICY GOVERNS THE ACTIONS OF DIRECTORS, AUDIT COMMITTEE MEMBERS, ANY OTHER UNPAID MEMBER VOLUNTEERS AND ALL SENIOR MANAGERS OF THE CREDIT UNION. THE POLICY, WHICH IS EXPLICIT IN DETAILING ACTIONS CONSIDERED TO BE CONFLICTS OF INTEREST, IS REVIEWED WITH THE COVERED INDIVIDUALS ANNUALLY. IN ADDITION, EACH COVERED INDIVIDUAL IS ANNUALLY REQUIRED TO COMPLETE AND SIGN A STATEMENT DETAILING ANY POTENTIAL CONFLICTS OF INTEREST OR ANY ACTIONS TAKEN THAT FALL UNDER THE CONFLICT OF INTEREST POLICY. THESE STATEMENTS ARE REQUIRED TO BE SUBMITTED TO THE AUDIT COMMITTEE CHAIR WHO MAKES A FORMAL REPORT TO THE BOARD OF DIRECTORS. COVERED INDIVIDUALS ARE INSTRUCTED TO DISCUSS ANY POTENTIAL CONFLICTS WITH THE PRESIDENT/CEO OR THE COMPLIANCE OFFICER BEFORE ENTERING INTO ANY ARRANGEMENT THAT COULD BE A POTENTIAL CONFLICT. THE AUDIT COMMITTEE CHAIR MUST GIVE WRITTEN APPROVAL ON A CASE-BY-CASE BASIS. ANY POTENTIAL CONFLICT INVOLVING THE AUDIT COMMITTEE CHAIR REQUIRES WRITTEN APPROVAL BY THE BOARD OF DIRECTORS CHAIR. THE CREDIT UNION HAS ALWAYS MAINTAINED THE POLICY THAT ANY INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS PERTAINING TO THE SUBJECT MATTER IN QUESTION. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990, Part VI, Section B, Line 15AB THE REVIEW OF THE CEOS COMPENSATION IS DONE ANNUALLY BY THE BOARD OF DIRECTORS BOD. THE BOD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AND EACH MEMBER DOES AN INDIVIDUAL REVIEW TO DETERMINE THE CEOS COMPENSATION. FOR ALL OTHER SENIOR MANAGEMENT, THE CEO USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AS WELL AS AN INTERNAL INDEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE THEIR COMPENSATION. Form 990, Part XI, Line 9 RECLASSIFICATION ADJUSTMENT FOR LOSSES ON SALES OF INVESTMENTS INCLUDED IN NET INCOME OF 43,696, PLUS NET PENSION PLAN GAINS OF 5,655,382. 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.