2013-08-12T04:09:31-00:00 2012-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2012-01-01 590857430 floridacentral CREDIT UNION FLOR 8138793333 3333 HENDERSON BLVD TAMPA FL 33679 JIM PARISI 2013-08-12 true DOUGLAS ORTH 3052328272 2013-08-12 2012 2016-02-24 21:20:13Z LAIDA E GARCIA 3333 HENDERSON BLVD TAMPA FL 33609 21025922 false 2106 X www.fccuonline.com X CREDIT UNION 1991 FL floridacentral CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS. 7 6 162 9 0 0 17153494 17643074 1947351 2465440 343431 456798 19444276 20565312 0 0 5788665 6432913 0 0 12081046 11841459 17869711 18274372 1574565 2290940 356257822 384383811 324020003 351831346 32237819 32552465 floridacentral CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS. false false 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. false false 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 false false false false false false false false false false true true true false true 16241 0 true 162 true false false false false false false X 7 6 false false false false true true false true true false false false false false true true true false X JAMES S PARISI 8133876112 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA 040.00 040.00 X X 350415 0 44297 NED HINES 001.00 001.00 X 0 0 0 DAVE KELSEY 001.00 001.00 X 1420 0 0 WANDA CHAMPION 001.00 001.00 X 0 0 0 MARGARET SPURRIER 001.00 001.00 X 1420 0 0 STEPHEN SHEAR 001.00 001.00 X 1420 0 0 STEVIE OSTERLAND 001.00 001.00 X 1420 0 0 JAMES S PARISI 040.00 040.00 X 167125 0 16554 JULIE FLATT 040.00 040.00 X 134898 0 18959 PATRICIAL WEDDELL 040.00 040.00 X 112935 0 14036 JOSEPH MATTA 040.00 040.00 X 103341 0 12915 THOMAS CHESNUTT 040.00 040.00 X 102664 0 3438 977058 110199 6 false true false PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33176 DEBIT CREDIT E-SERVICES 883122 COX RADIO PO BOX 861852 ORLANDO FL 32886 RADIO ADVERTISING 380502 BANCVUE PO BOX 527 LUBBOCK TX 79408 REWARD CHECKING 244222 BUTTERFLY INFORMATION TECHNOLOGY 11950 NW 39TH ST CORAL SPRINGS FL 33065 MAILING HOUSE 274095 FISERV 75 REMITTANCE DRIVE SUITE 6945 CHICAGO IL 60675 IN HOUSE CORE PROCESSOR 265147 11 INTEREST ON LOANS 522100 11839337 11839337 FEES/CHARGES/OTHER 522100 5803737 5803737 17643074 2146180 2146180 215395 93180 122215 122215 122215 686690 367430 319260 319260 319260 OTHER NON OPERATING INCOME 522100 334583 334583 334583 20565312 20565312 0 0 0 0 584071 584071 0 4594844 4594844 31931 31931 811998 811998 410069 410069 16628 16628 74158 74158 60000 60000 0 0 99592 99592 1183257 1183257 1556870 1556870 225962 225962 0 884728 884728 162829 162829 0 13662 13662 2682886 2682886 0 635505 635505 522174 522174 SEE ATTACHED SCHEDULE 3723208 3723208 0 18274372 18274372 3113679 3432987 49380663 44928968 1023691 1517458 189466448 207283646 5163474 3252865 17211096 4592496 10837916 12618600 81630415 95351848 660841 712259 14980695 15285180 356257822 384383811 3948011 5336478 320071992 346494868 324020003 351831346 X 32237819 32552465 32237819 32552465 356257822 384383811 X 2290940 -1976294 X false true X true false false 5273429 5273429 5673398 696202 4977196 263817 53464 210353 6000452 3842830 2157622 12618600 Financial derivatives and other financial products Closely-held equity interests Federal income taxes REGULAR SHARES 106765597 CHRISTMAS CLUB 267545 TIME DEPOSITS 36495310 CHECKING ACCOUNTS 24542285 ULTIMATE CHECKING 133264316 IRA ACCOUNTS 10732041 IRA CERTIFICATES 10362618 MONEY MARKETS 21350789 ESCROW 2658 REGULAR SHARE BUSINESS 503151 SHARE DRAFT BUSINESS 2208558 346494868 X X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. 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 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 THE UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS TO SPECIFIC STATE CHARTERD CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. AS A RESULT OF ADOPTING THE INCOME TAX TOPIC OF THE FASB ASC, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS PRIOR TO JUNE 30, 2012. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAD DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNIONS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012 AND 2011. X true true X X X X false true false LAIDA E GARCIA 279590 70825 34937 9360 394712 JAMES S PARISI 135344 31781 8537 8017 183679 JULIE FLATT 111698 23200 6392 12567 153857 I 4b DURING 2012, THE CREDIT UNION ACCRUED 10,829 FOR A DEFERRED COMPENSATION PLAN FOR LAIDA GARCIA. I 4b DURING 2012, THE CREDIT UNION FUNDED 17,000 FOR LAIDA GARCIAS 457b PLAN BENEFIT. Form 990 Part VI Section A Line 7A CREDIT UNION IS A NOT FOR PROFIT, MEMBER OWNED COOPERATIVE. MEMBERS ARE INVOLVED IN ELECTIONS OF BOARD MEMBERS AND TRANSACTIONS THAT REQUIRE THEIR PARTICIPATION. Form 990 Part VI Section B Line 11 SUBSEQUENT TO FILING, A COPY OF FORM 990 IS REVIEWED BY BOARD MEMBERS AND REVIEW IS DOCUMENTED ON THE BOARD OF DIRECTORS MINUTES. Form 990 Part VI Section B Line 15A AND 15B A WRITTEN PERFORMANCE REVIEW IS CONDUCTED ANNUALLY ON ALL EMPLOYEES, INCLUDING TOP MANAGEMENT OFFICIALS AND THE CEO. COMPENSATION IS DETERMINED BY ESTABLISHING JOB GRADES AND PAY RANGES UTILIZING COMPENSATION STUDIES PREPARED AND REVIEWED AT LEAST ANNUALLY BY AN INDEPENDENT THIRD PARTY VENDOR. LIKEWISE, THE BOARD OF DIRECTORS UTILIZES THE SERVICES AND EXPERTISE OF AN INDEPENDENT THIRD-PARTY COMPENSATION FIRM TO ESTABLISH THE CEOS COMPENSATION. THEY ARE ASSISTED IN THE REVIEW PROCESS BY THE VICE PRESIDENT OF HUMAN RESOURCES, WHO ALSO MENTIONS ALL RELATED DOCUMENTATION AND RECORDS. 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 THE NCUA.GOV WEBSITE VIA THE QUARTERLY 5300 FILING. Form 990 Part VI Section A Line 6 THE ORGANIZATION HAS MEMBERS. Form 990 Part XI Line 9 NET PENSION LOSSES. MEMBER SERVICES CORPORATION PO BOX 18605 TAMPA FL 336798605 592678556 CREDIT UNION SUPPORT SERVICE FL FLORIDA CENTRAL CREDIT UNION C Corp 529882 303019 1.00000 true false false false false false false false false false false false false false true true false false false false MEMBER SERVICES CORPORATION INC n 20376 actual MEMBER SERVICES CORPORATION INC o 13387 actual