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 59-0787574)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-06-20
IRS object ID: 201331719349300318
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	2013-06-20T01:17:31-00:00	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	590787574	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	STATE CHARTERED CREDIT UNIONS IN FLORIDA (PRIORITY ONE CREDIT UNION OF FL)	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	STAT	NameControl
Phone	9545727707	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3000 N UNIVERSITY DRIVE	AddressLine1
City	SUNRISE	City
State	FL	State
ZIP Code	33322	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	NANCY RAPPAPORT	Name
Title	PRESIDENTCEO	Title
Date Signed	2013-06-19	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2013-06-20	DatePrepared

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

Form 990 IRS990

Doing Business As DoingBusinessAs

Field	Value	IRS element (for citing)
Business Name Line1	PRIORITY ONE CREDIT UNION OF FLORIDA	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	NANCY RAPPAPORT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3000 NORTH UNIVERSITY DRIVE	AddressLine1
City	SUNRISE	City
State	FL	State
ZIP Code	33345	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	4571218	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	2106	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.priorityonefl.org	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1948	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	ENHANCING THE FINANCIAL LIVES OF OUR MEMBERS THROUGH CONSISTENT SERVICE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	45	TotalNbrEmployees
Total Nbr Volunteers	6	TotalNbrVolunteers
Total Gross UBI	147522	TotalGrossUBI
Net Unrelated Business Txbl Income	-15569	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	4674520	ProgramServiceRevenuePriorYear
Program Service Revenue CY	4263842	ProgramServiceRevenueCY
Investment Income Prior Year	252916	InvestmentIncomePriorYear
Investment Income Current Year	307376	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	4927436	TotalRevenuePriorYear
Total Revenue Current Year	4571218	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1852175	SalariesEtcPriorYear
Salaries Etc Current Year	1895795	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2774351	OtherExpensePriorYear
Other Expenses Current Year	2433255	OtherExpensesCurrentYear
Total Expenses Prior Year	4626526	TotalExpensesPriorYear
Total Expenses Current Year	4329050	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	300910	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	242168	RevenuesLessExpensesCY
Total Assets BOY	70475291	TotalAssetsBOY
Total Assets EOY	73361661	TotalAssetsEOY
Total Liabilities BOY	63431023	TotalLiabilitiesBOY
Total Liabilities EOY	65973605	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	7044268	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	7388056	NetAssetsOrFundBalancesEOY
Mission Description	ENHANCING THE FINANCIAL LIVES OF OUR MEMBERS THROUGH CONSISTENT SERVICE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PRIORITY ONE SERVES BROWARD COUNTY AND OFFERS A FULL ARRAY OF PRODUCTS AND SERVICES INCLUDING DEPOSITORY AND LOAN PRODUCTS, ATM/DEBIT PROGRAM, CAR FINDERS AND ONLINE BANKING. WE ENDED THE YEAR WITH 9,453 MEMBERS. THERE WERE 1,156 LOANS GRANTED TOTALING 8,363,768. PRIORITY ONE HAS THREE BRANCH LOCATIONS AND A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH VARIOUS ATM NETWORKS AND SHARED SERVICE CENTERS.	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	true	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
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1610	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	45	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	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	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	false	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	NANCY RAPPAPORT	NamePerson
Telephone Number	9543355100	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3000 N UNIVERSITY DR	AddressLine1
City	SUNRISE	City
State	FL	State
ZIP Code	33345	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (8 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
LEVORA HOLSEY
SECRETARY/TREASURER	001.00	001.00	X	0	0	0
ALANA RAGOONAN
AUDIT COMMITTEE CHAIR	001.00	001.00	X	0	0	0
RICHARD WEPPLER
CHAIRMAN	001.00	001.00	X	0	0	0
JEROMY SCHWAB
VICE CHAIRMAN	001.00	001.00	X	0	0	0
DONALD MCMAHON
DIRECTOR	001.00	001.00	X	0	0	0
NANCY RAPPAPORT
CEO	040.00	040.00		163977	0	6857	X
DEANA HENNESSEY
VP LENDING	040.00	040.00		85982	0	4063	X
BIRGITTA SCHINDLER
CONTOLLER	040.00	040.00		51714	0	2576	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	301673	TotalReportableCompFromOrg
Total Other Compensation	13496	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
FISERV
1250 GRUMMAN PL STE A	TITUSVILLE	FL	32780	DATA PROCESSING	209047
INTUIT FINANCIAL SERVICES
PO BOX 515306	LOS ANGELES	CA	900516606	WEBSITE MAINTENANCE, ONLINE BILLPAY	108232
FISERV EFT
75 REMITTANCE DR STE 6974	CHICAGO	IL	60675	ATM,SHARED SERVICE, DEBIT CARD NETWORKS	131748
PSCU
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	CREDIT CARD PROCESSING	119019

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	4	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
LOAN INTEREST INCOME	522100	2573118	2573118
FEE/OTHER INCOME	522100	1543202	1543202
CREDIT LIFE/EXTENDED WARRANTY/GAP INS/NON-MEMBER ATM FEES	524298	147522		147522

Field	Value	IRS element (for citing)
Total Program Service Revenue	4263842	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	307376	TotalRevenueColumn
Related Or Exempt Function Income	307376	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4571218	TotalRevenueColumn
Related Or Exempt Function Income	4423696	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	147522	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	315169	Total
Program Services	315169	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	1276413	Total
Program Services	1276413	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	37929	Total
Program Services	37929	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	73520	Total
Program Services	73520	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	192764	Total
Program Services	192764	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	11869	Total
Program Services	11869	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	37367	Total
Program Services	37367	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	91041	Total
Program Services	91041	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	84997	Total
Program Services	84997	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	278633	Total
Program Services	278633	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	325146	Total
Program Services	325146	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	122119	Total
Program Services	122119	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	27863	Total
Program Services	27863	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	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	288980	Total
Program Services	288980	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	18192	Total
Program Services	18192	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	127026	Total
Program Services	127026	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	118406	Total
Program Services	118406	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE SCHEDULE ATTACHED	Description
Total	901616	Total
Program Services	901616	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	4329050	Total
Program Services	4329050	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1402397	BOY
EOY	1176912	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	6733490	BOY
EOY	5523049	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	196190	BOY
EOY	185343	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	39274868	BOY
EOY	35042625	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	56458	BOY
EOY	72566	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	4853168	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3149634	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1780332	BOY
EOY	1703534	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	17144010	BOY
EOY	13387085	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	2964348	BOY
EOY	15389343	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	923198	BOY
EOY	881204	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	70475291	BOY
EOY	73361661	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	553530	BOY
EOY	692029	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	62877493	BOY
EOY	65281576	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	63431023	BOY
EOY	65973605	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	7044268	BOY
EOY	7388056	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7044268	BOY
EOY	7388056	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	70475291	BOY
EOY	73361661	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	242168	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	101620	ReconciliationUnrealizedInvest
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	788074	OtherCostOrOtherBasis
Book Value	788074	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	594380	OtherCostOrOtherBasis
Depreciation	229175	Depreciation
Book Value	365205	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1991934	OtherCostOrOtherBasis
Depreciation	1654298	Depreciation
Book Value	337636	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1459376	OtherCostOrOtherBasis
Depreciation	1246757	Depreciation
Book Value	212619	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	19404	OtherCostOrOtherBasis
Depreciation	19404	Depreciation

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1703534	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (5 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
Financial derivatives and other financial products
Closely-held equity interests
LONG TERM CERTIFICATES OF DEPOSIT	11797000	C
CORPORATE ONE PERPETUAL CAPITAL	92343	C
CORPORATE AMERICA FED FUNDS	3500000	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	15389343	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (8 entries)

DescriptionDescription	AmountAmount
Federal income taxes
SHARE ACCOUNTS	$27,525,006
SHARE DRAFT ACCOUNTS	$14,993,679
MONEY MARKET ACCOUNTS	$9,737,918
CLUB ACCOUNTS	$206,141
IRA SHARE ACCOUNTS	$2,070,779
IRA CERTIFICATES	$2,799,236
CERTIFICATES	$7,948,817

Field	Value	IRS element (for citing)
Total Of Amounts	65281576	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	4571218	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	4571218	RevenueSubtotal
Total Revenue Per Form990	4571218	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4329050	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	4329050	ExpensesSubtotal
Total Expenses Per Form990	4329050	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)
Written Employment Contract	X	WrittenEmploymentContract
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	NANCY RAPPAPORT	NamePerson
Title	CEO	Title
Base Compensation Filing Org	157977	BaseCompensationFilingOrg
Bonus Filing Org	6000	BonusFilingOrg
Deferred Comp Filing Org	6016	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	841	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	170834	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

ExplanationExplanation
Form 990 Part VI Section A Line 6 THE CREDIT UNION HAS MEMBERS.
Form 990 Part VI Section A Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS.
Form 990 Part VI Section A Line 11 THE CEO AND CFO WILL REVIEW THE FORM 990 PRIOR TO SUBMITTING TO THE IRS.
Form 990 Part VI Section B Line 12C THE CREDIT UNION HAS OVERRIDE REPORTS THAT ARE REVIEWED BY THE COMPLIANCE DEPARTMENT WHEN EMPLOYEES TRANSACT ON FLAGGED RELATED-PARTY ACCOUNTS.
Form 990 Part VI Section B Line 15A THE CEOS COMPENSATION IS REVIEWED YEARLY BY THE BOARD OF DIRECTORS, WHICH ARE VOLUNTEERS OF THE CREDIT UNION.
Form 990 Part VI Section B Line 15B THE COMPENSATION OF KEY EXECUTIVES ARE REVIEWED BY THE CEO AND IS DETERMINED BASED ON INDUSTRY PUBLICATIONS THAT ILLUSTRATE STANDARDS IN CONJUNCTION WITH GOALS SET BY THE CEO.
Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE NCUA WEBSITE VIA THE 5300 CALL REPORT FILING.