2013-08-14T08:16:43-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2012-01-01 590227113 COMMUNITY FIRST CREDIT UNION OF FLORIDA COMM 9043717987 637 NORTH LEE STREET JACKSONVILLE FL 32204 SAM INMAN 9043718080 2013-08-09 1 RICHARD J GABRIELSON P00001024 5074347000 2012 2016-02-24 21:20:13Z JOHN HIRABAYASHI 637 NORTH LEE STREET JACKSONVILLE FL 32204 69719644 0 2106 X WWW.COMMUNITYFIRSTFL.ORG X CU 1935 FL COMMUNITY FIRST CREDIT UNION OF FLORIDA'S MISSION IS TO PROVIDE THE HIGHEST IN QUALITY FINANCIAL SOLUTIONS FOR EVERY STAGE OF YOUR LIFE. 9 9 346 14 275963 -333127 0 0 63208970 63096070 4117218 5297543 -4745 5445 67321443 68399058 0 0 9864409 7963782 15478828 15682738 0 0 0 32228783 28418817 57572020 52065337 9749423 16333721 1135649257 1193202133 1032654317 1072165977 102994940 121036156 COMMUNITY FIRST CREDIT UNION OF FLORIDA'S MISSION IS TO PROVIDE THE HIGHEST IN QUALITY FINANCIAL SOLUTIONS FOR EVERY STAGE OF YOUR LIFE. 0 0 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. THE CREDIT UNION OFFERS A VARIETY OF FINANCIAL PRODUCTS INCLUDING MORTGAGE, AUTOMOBILE, CREDIT CARDS AND PERSONAL SIGNATURE LOANS. $373,813,207 IN NEW LOANS WERE ORIGINATED DURING 2012 AND MORE THAN $653,058,101 IN LOAN BALANCES WERE SERVICED DURING 2012. MEMBERS MAY CHOOSE FROM A NUMBER OF ACCOUNT TYPES INCLUDING REGULAR SHARES, CHECKING, MONEY MARKET, AND RETIREMENT ACCOUNTS. $1,054,659,907 IN DEPOSIT ACCOUNTS WERE MAINTAINED FOR 106,173 MEMBERS DURING 2012. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 34919 0 1 346 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X PAULA BASIHAN 9043717921 637 NORTH LEE STREET JACKSONVILLE FL 32204 BETTIE ADAMS 1.00 X 0 0 0 MARSHA COARSEY 1.00 X 0 0 0 BRUCE DOUECK 1.00 X 0 0 0 GARY FANE 1.00 X 0 0 0 SANDRA MCCRACKEN 1.00 X 0 0 0 ELLEN PAIGE 1.00 X 0 0 0 WILLIAM PERMENTER 1.00 X 0 0 0 BRENDA SIMMONS 1.00 X 0 0 0 ELVIA WILLIAMS 1.00 X 0 0 0 JOHN HIRABAYASHI 40.00 X 486342 0 608973 SAM INMAN 40.00 X 227325 0 55220 MARK FITZMORRIS 40.00 X 253549 0 27897 MIKE TOMKO 40.00 X 190048 0 56217 ROGER RASSMAN 40.00 X 120838 0 3135 SUSAN VERBECK 40.00 X 154164 0 54830 TIM SIMPSON 40.00 X 129593 0 10857 1561859 0 817129 9 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 2003767 BLUE CROSS BLUE SHIELD OF FLORIDA PO BOX 660299 DALLAS TX 752660299 HEALTH CARE PROVIDER FOR EMPLOYEES 1233971 FISERV PO BOX 5037-263 PORTLAND OR 97208 ATM & DEBIT CARD PROCESSOR 1063901 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 ATM SUPPLIES, ATM FIRST LINE SERVICE 1033450 CENLAR 425 PHILLIPS BLVD EWING NJ 08618 LOAN SUB-SERVICER 1004561 33 LOAN INTEREST 900099 38952978 38952978 OTHER OPERATING INCOME 900099 14638784 14638784 FEES AND CHARGES 522100 9504308 9233790 270518 63096070 4322026 4322026 2296103 1320586 975517 975517 975517 K-1 INCOME - THE CYPRESS GROUP LL 900099 2737 2737 K-1 INCOME - MEMBERS DEVELOPMENT 900099 2708 2708 5445 68399058 62825552 275963 5297543 7963782 1377861 11794885 219749 1235555 1054688 117361 121052 1702762 2123277 170111 1734935 51496 394288 1522231 328595 PROVISION FOR LOAN LOSS 6933337 OTHER PROFESSIONAL FEES 6017218 LOAN SERVICING EXPENSE 5792904 MEMBER INSURANCE 997931 411319 52065337 9664992 13397526 141358723 101987090 676820490 653058100 993916 1306781 43170116 15188266 28011633 27981850 244513768 358744542 34285735 36726244 1135649257 1193202133 13898131 15533071 1390000 1973000 1017366186 1054659906 1032654317 1072165977 X 0 0 0 0 102994940 121036156 102994940 121036156 1135649257 1193202133 X 16333721 1712940 -5445 X X 0 1 X 1 0 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE PO BOX 3108 TALLAHASSEE FL 32315 591889104 10237 PART IV, SUPPLEMENTAL INFORMATION: PART 1-A, LINE 1 - ALL POLITICAL CONTRIBUTIONS WERE MADE TO THE FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC) AND TOTALED $10,237. ALL OF THE FUNDS CONTRIBUTED WERE RECEIVED FROM MEMBERS, VOLUNTEERS, AND EMPLOYEES. 0 1 X 14114864 14114864 17311568 6486379 10825189 1069901 714515 355386 10607055 7987372 2619683 66728 66728 27981850 SECURITIES - AFS 358744542 F 358744542 MEMBERS SHARE AND SAVINGS ACCOUNTS 1054659906 1054659906 X 68393613 0 68393613 5445 5445 68399058 52065337 0 52065337 0 52065337 PART IV, LINE 2B: FANNIE MAE CUSTODIAL ACCOUNTS - THE CREDIT UNION HAS MAINTAINED SERVICING FOR LOANS SOLD IN THE SECONDARY MARKET. THE CREDIT UNION COLLECTS PRINCIPAL, INTEREST AND ESCROW PAYMENTS FOR SOLD MORTGAGE LOANS. PAYMENTS ARE PASSED THROUGH TO FANNIE MAE AT CERTAIN INTERVALS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS A NET OPERATING LOSS CARRYFORWARD OF APPROXIMATELY $453,000 AS OF THE 2012 CALENDAR YEAR FOR THE 2011 TAX YEAR. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2012 AND 2011. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL AND STATE TAXING AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 4B - OTHER ADJUSTMENTS: K-1 INCOME - MEMBERS DEVELOPMENT CO, LLC 2,708. K-1 INCOME - THE CYPRESS GROUP LLC 2,737. X 1 1 X X X X X 0 1 0 JOHN HIRABAYASHI 410394 0 39800 0 36148 0 600540 0 8433 0 1095315 0 0 0 SAM INMAN 188944 0 16289 0 22092 0 47346 0 7874 0 282545 0 0 0 MARK FITZMORRIS 253549 0 0 0 0 0 7756 0 20141 0 281446 0 0 0 MIKE TOMKO 175872 0 13248 0 928 0 41004 0 15213 0 246265 0 0 0 SUSAN VERBECK 144611 0 8625 0 928 0 41921 0 12909 0 208994 0 0 0 PART I, LINE 4B PART I, LINE 4B: JOHN HIRABAYASHI - $600,540 (PARTICIPATED-NO DISTRIBUTIONS) PART I, LINE 4B: SAM INMAN - $47,346 (PARTICIPATED-NO DISTRIBUTIONS) PART I, LINE 4B: MIKE TOMKO - $41,004 (PARTICIPATED-NO DISTRIBUTIONS) PART I, LINE 4B: SUSAN VERBECK - $41,921 (PARTICIPATED-NO DISTRIBUTIONS) FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. MEMBERSHIP IN THE CREDIT UNION IS COMPOSED OF THOSE WHO LIVE, WORK, OR GO TO SCHOOL IN BAKER, CLAY, DUVAL, FLAGLER, NASSAU, PUTNAM AND ST JOHNS COUNTIES IN FLORIDA, AND OTHER SELECT EMPLOYEE GROUPS WHO HAVE PETITIONED FOR MEMBERSHIP. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE 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 7B CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS AND CERTIFICATE OF ORGANIZATION) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. UPON COMPLETION, THE RETURN IS REVIEWED BY THE CEO AND CFO. ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND ANY NECESSARY CORRECTIONS HAVE BEEN MADE, THE RETURN IS FILED AND A COPY OF THE RETURN WILL BE MADE AVAILABLE UPON REQUEST. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL REVIEW THE FORM 990 SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, MANAGEMENT AND STAFF ARE COVERED BY THE CONFLICTS OF INTEREST POLICY. IT IS REVIEWED ANNUALLY. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WOULD BE INVESTIGATED BY INTERNAL AUDIT OR LOSS PREVENTION DEPARTMENTS. APPROPRIATE ACTIONS UP TO AND INCLUDING LIMITING TRANSACTION CAPABILITIES OR PROHIBITING PERSONS WITH A CONFLICT TO PARTICIPATE IN GOVERNING ACTIVITIES SUCH AS DELIBERATIONS OR VOTES WHERE CONFLICTS EXIST WOULD BE IMPOSED. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED ON AN ANNUAL BASIS UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA.GOV WEBSITE VIA THE 5300 FILING. ADDITIONALLY, THE CREDIT UNION'S ANNUAL REPORT IS AVAILABLE FOR PUBLIC VIEWING VIA THE CREDIT UNION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: K-1 INCOME - MEMBERS DEVELOPMENT CO, LLC: $2,708 -2,708. K-1 INCOME - THE CYPRESS GROUP LLC: $2,737 -2,737. FORM 990, PART XII, LINE 2C THE PROCESS USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED SINCE LAST YEAR. EDCO FINANCIAL SERVICES INC 637 NORTH LEE STREET JACKSONVILLE FL 32204 593282020 FINANCIAL SERVICES - INACTIVE FL COMMUNITY FIRST CREDIT UNION OF FLORIDA C 1000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0