STATE CHARTERED CREDIT UNIONS IN FLORIDA: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 59-0637653)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-12
IRS object ID: 201302249349302420
Schema version: 2012v2.2
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-12T04:46:33-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	590637653	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TROPICAL FINANCIAL CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TROP	NameControl
Phone	8882618328	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3050 CORPORATE WAY	AddressLine1
City	MIRAMAR	City
State	FL	State
ZIP Code	33025	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RICHARD HELBER	Name
Title	PRESIDENTCEO	Title
Date Signed	2013-08-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2013-08-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RICH HELBER CEO	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3050 CORPORATE WAY	AddressLine1
City	MIRAMAR	City
State	FL	State
ZIP Code	33025	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	134505092	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	2106	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.tropicalfcu.org	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1935	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	TROPICAL FINANCIAL CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE, PROVIDING MEMBER OWNERS WITH VALUABLE PRODUCTS, SERVICES AND EDUCATION TO HELP THEM ACHIEVE THEIR GOALS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	230	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	495536	TotalGrossUBI
Net Unrelated Business Txbl Income	-782441	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	32132863	ProgramServiceRevenuePriorYear
Program Service Revenue CY	27777116	ProgramServiceRevenueCY
Investment Income Prior Year	2824276	InvestmentIncomePriorYear
Investment Income Current Year	4272263	InvestmentIncomeCurrentYear
Other Revenue Current Year	29741	OtherRevenueCurrentYear
Total Revenue Prior Year	34957139	TotalRevenuePriorYear
Total Revenue Current Year	32079120	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	13062195	SalariesEtcPriorYear
Salaries Etc Current Year	13131244	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	21791600	OtherExpensePriorYear
Other Expenses Current Year	18011041	OtherExpensesCurrentYear
Total Expenses Prior Year	34853795	TotalExpensesPriorYear
Total Expenses Current Year	31142285	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	103344	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	936835	RevenuesLessExpensesCY
Total Assets BOY	561956239	TotalAssetsBOY
Total Assets EOY	546864694	TotalAssetsEOY
Total Liabilities BOY	519943175	TotalLiabilitiesBOY
Total Liabilities EOY	503821279	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	42013064	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	43043415	NetAssetsOrFundBalancesEOY
Mission Description	TROPICAL FINANCIAL CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE, PROVIDING MEMBER OWNERS WITH VALUABLE PRODUCTS, SERVICES AND EDUCATION TO HELP THEM ACHIEVE THEIR GOALS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	INCOME FROM 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.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	13087	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	230	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JOHN FREARSON	NamePerson
Telephone Number	9545177567	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3050 CORPORATE WAY	AddressLine1
City	MIRAMAR	City
State	FL	State
ZIP Code	33025	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
D R MURRAY
BOD	001.00	001.00	X	1870	0	0
M C MARTINEZ
BOD	001.00	001.00	X	0	0	0
B N DIAMOND
BOD	001.00	001.00	X	0	0	0
H P GEER
BOD/SECRETARY/TREASURER	001.00	001.00	X	4064	0	0
M L REYES
BOD	001.00	001.00	X	0	0	0
J M DONOHUE
BOD	001.00	001.00	X	2467	0	0
R P WISNIEWKI
BOD	001.00	001.00	X	0	0	0
BK CRUIT
BOD	001.00	001.00	X	0	0	0
M PEREZ
BOD/CHAIRMAN	001.00	001.00	X	1597	0	0
JL BELAUSTEGUI
BOD/VICE CHAIRMAN	001.00	001.00	X	786	0	0
R W HELBER
CEO	040.00	040.00		280986	0	25068	X
R CHEPLAK
SVP/CFO	040.00	040.00		181392	0	24831	X
A GOENAGA
VP/ADMIN SERVICES	040.00	040.00		122735	0	15211		X
M MCGRIFFIN
VP/LENDING	040.00	040.00		157362	0	2920		X
F SALOKAR
MTG LOAN ORIGINATOR	040.00	040.00		150910	0	18878		X
G FERRETTI
VP/FINANCE	040.00	040.00		115198	0	11093		X
E JIMENEZ
VP/HUMAN RESOURCES	040.00	040.00		115305	0	8592		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1134672	TotalReportableCompFromOrg
Total Other Compensation	106593	TotalOtherCompensation
Number Individuals GT100 K	18	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
INTUIT FINANCIAL SERVICE
PO BOX 515306	LOS ANGELES	CA	900516606	ELECTRONIC BANKING SERVICE PROVIDER	645884
AT&T
PO BOX 105503	ATLANTA	GA	303485503	TELEPHONE/COMMUNICATIONS	580875
SUNBEAM DEVELOPMENT CORPORATION
1401 79TH STREET CAUSEWAY	MIAMI	FL	33141	HD MPOC BRANCH LEASE	720099
DATA SERVICE CORP
15757 PINES BLVD 103	PEMBROKE PINES	FL	33027	IP CORE INFRASTRUCTURE SUPPORT CITRIX SUPPORT	253409
15500 PINES BLVD LLC
1600 SAWGRASS CORPORATE PRKY SUITE	SUNRISE	FL	33323	PEMBROKE PINES BRANCH RENT	232325

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	27	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INCOME ON LOANS	522100	18386393	18386393
CHARGES/FEES/OTHER	522100	8895187	8895187
UNRELATED BUSINESS INCOME	900099	495536		495536

Field	Value	IRS element (for citing)
Total Program Service Revenue	27777116	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2011527	TotalRevenueColumn
Related Or Exempt Function Income	2011527	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	39577033	Securities
Other	65109675	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	39562295	Securities
Other	62863677	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	14738	Securities
Other	2245998	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	2260736	TotalRevenueColumn
Related Or Exempt Function Income	2260736	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER GAINS ON DISPOSITION OF ASSETS	Description
Business Code	522100	BusinessCode
Total Revenue Column	29741	TotalRevenueColumn
Related Or Exempt Function Income	29741	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	29741	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	32079120	TotalRevenueColumn
Related Or Exempt Function Income	31583584	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	495536	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	523061	Total
Program Services	523061	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	10095316	Total
Program Services	10095316	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	326351	Total
Program Services	326351	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	1325492	Total
Program Services	1325492	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	861024	Total
Program Services	861024	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	211765	Total
Program Services	211765	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	76303	Total
Program Services	76303	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	279997	Total
Program Services	279997	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	682551	Total
Program Services	682551	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3798334	Total
Program Services	3798334	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	859514	Total
Program Services	859514	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2131825	Total
Program Services	2131825	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	321534	Total
Program Services	321534	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1022	Total
Program Services	1022	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	3223576	Total
Program Services	3223576	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	54792	Total
Program Services	54792	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1571132	Total
Program Services	1571132	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	211440	Total
Program Services	211440	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	See Schedule Attached	Description
Total	4587256	Total
Program Services	4587256	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	31142285	Total
Program Services	31142285	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	4985423	BOY
EOY	7121604	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	60815753	BOY
EOY	25869616	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2770026	BOY
EOY	2448804	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	377736248	BOY
EOY	371818407	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1058054	BOY
EOY	946721	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	26927866	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	16281946	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	10953585	BOY
EOY	10645920	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	96764490	BOY
EOY	120773930	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6872660	BOY
EOY	7239692	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	561956239	BOY
EOY	546864694	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	9906960	BOY
EOY	10806640	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	46000000	BOY
EOY	10000000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	464036215	BOY
EOY	483014639	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	519943175	BOY
EOY	503821279	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	42013064	BOY
EOY	43043415	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	42013064	BOY
EOY	43043415	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	561956239	BOY
EOY	546864694	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	936835	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	85137	ReconciliationUnrealizedInvest
Reconcilation Other Changes	8379	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4215229	OtherCostOrOtherBasis
Book Value	4183037	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4750723	OtherCostOrOtherBasis
Depreciation	965270	Depreciation
Book Value	3785453	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4221018	OtherCostOrOtherBasis
Depreciation	3354410	Depreciation
Book Value	866608	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	13695345	OtherCostOrOtherBasis
Depreciation	11884523	Depreciation
Book Value	1810822	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	45551	OtherCostOrOtherBasis
Depreciation	45551	Depreciation

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	10645920	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescription	AmountAmount
Federal income taxes
MEMBER DEPOSITS-SHARE DRAFTS	$92,483,739
MEMBER DEPOSITS-PREMIER 1 CHECKING	$15,690,705
MEMBER DEPOSITS-MONEY MARKET ACCOUNTS	$90,190,783
MEMBER DEPOSITS-SHARES	$174,488,180
MEMBER DEPOSITS-IRA SHARES	$12,678,893
MEMBER DEPOSITS-SHARE IRA CERTIFICATES	$97,482,339

Field	Value	IRS element (for citing)
Total Of Amounts	483014639	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	32079120	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	32079120	RevenueSubtotal
Total Revenue Per Form990	32079120	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	31142285	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	31142285	ExpensesSubtotal
Total Expenses Per Form990	31142285	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	X	Identifier
Return Reference	2	ReturnReference
Explanation	THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. 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 50414. 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 2011, 2010, AND 2009 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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	X	FirstClassOrCharterTravel
Travel For Companions	X	TravelForCompanions
Discretionary Spending Account	X	DiscretionarySpendingAccount
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Written Employment Contract	X	WrittenEmploymentContract
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	true	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
R W HELBER
CEO	272913	8073	17000	8068	306054
R CHEPLAK
SVP/CFO	178662	2730	22500	2331	206223
M MCGRIFFIN
VP/LENDING	155228	2134		2920	160282
F SALOKAR
MTG LOAN ORIGINATOR	150910		13611	5267	169788

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	I	Identifier
Return Reference	4a	ReturnReference
Explanation	GEORGE S. FERRETTI RECEIVED 30,869 IN SEVERENCE PAY.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

ExplanationExplanation
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 11B FORM 990 WILL BE REVIEWED BY THE VP OF FINANCE AND CFO. IF ANY QUESTIONS, THE VP OF FINANCE/CFO WILL THEN DISCUSS WITH THE CPA FIRM. THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR INFORMATIONAL PURPOSES ONLY SUBSEQUENT TO THE FORM BEING FILED. THIS WILL BE RECORDED IN THE BOARD MINUTES.
Form 990 Part VI Section B Line 15A-B THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS, WITH THE ASSISTANCE OF THE VICE PRESIDENT OF HUMAN RESOURCES AND ORGANIZATION DEVELOPMENT. THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY, ON AT LEAST A BI-ANNUAL BASIS, TO DETERMINE THE CEOS COMPENSATION. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, JOB GRADES AND PAY RANGES ARE ESTABLISED THROUGH THE ASSISTANCE OF AN EXTERNAL THIRD PARTY VENDOR WITH SPECIALIZED EXPERTISE IN THIS AREA, AND MAINTAINED BY THE OFFICE OF HUMAN RESOURCES. THIS COMPENSATION SYSTEM IS REVIEWED BY THE BOARD OF DIRECTORS.
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 NCUA.GOV VIA THE QUARTERLY 5300 FILING.
Form 990 Part XI Line 9 PENSION PLAN GAINS IN THE AMOUNT OF 23,177 LESS POST-RETIREMENT PLAN LOSSES OF 60 LESS RECLASSIFICATION ADJUSTMENTS FOR GAINS ON SALES OF INVESTMENTS INCLUDED IN NET INCOME OF 14,738.
Form 990 Part VI Section B Line 12C THE POLICY REQUIRES REVIEW AND SIGNED ACKNOWLEDGEMENT ANNUALLY. THE EMPLOYEES ARE PRESENTED WITH THE HR POLICY ANNUALLY WHICH THEY SIGN ACKNOWLEDGING THE THEY RECEIVED THE POLICY MANUAL AND THAT THEY WILL FOLLOW THE POLICIES.