2013-08-12T11:52:53-00:00 2012-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2012-01-01 590873652 ENVISION CREDIT UNION ENVI 8509429000 PO BOX 5198 TALLAHASSEE FL 32314 MIKE HAMBRICK 2013-08-06 true DOUGLAS ORTH 3052328272 2013-08-06 2012 2016-02-24 21:20:13Z DARRYL WORRELL 440 N MONROE STREET TALLAHASSEE FL 32301 59951241 false 2106 X www.envisioncu.com X CREDIT UNION 1954 FL TO SAFEGUARD AND MANAGE EFFECTIVELY THE ASSETS ENTRUSTED TO THE CREDIT UNION BY ITS MEMBER-OWNERS TO BETTER THE ECONOMIC WELL BEING OF OUR MEMBER-OWNERS BY DELIVERING CONVENIENT PERSONALIZED PRODUCTS AND SERVICES OF EXCEPTIONAL VALUE TO PROMOTE THE CREDIT UNION PHILOSOPHY PEOPLE HELPING PEOPLE. 5 5 149 8 0 0 16002906 13022037 1158619 2214422 2573863 17161525 17810322 0 0 4900512 5880051 0 0 10877055 9806777 15777567 15686828 1383958 2123494 225071242 242585733 207652876 222798850 17418366 19786883 MEET MEMBERS FINANCIAL NEEDS THROUGH QUALITY SERVICE AT THE BEST VALUE WHILE MAINTAINING FINANCIAL STABILITY. false false INCOME FROM THE 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. false false true false false false false false true false false true 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 X 8983 0 true 149 true false false false false false false X 5 5 false false false false true true false true true false false false true true true true true true true false X MR DARRYL WORRELL 8509429000 440 N MONROE ST TALLAHASSEE FL 32301 TB PERRIN 001.00 001.00 X 600 0 0 M C BRYANT 001.00 001.00 X 600 0 0 K SAMUEL 001.00 001.00 X 600 0 0 J CROTEAU 001.00 001.00 X 600 0 0 S MCCALL 001.00 001.00 X 600 0 0 DG WORRELL 040.00 040.00 X 233419 0 30648 M W HAMBRICK 040.00 040.00 X 147494 0 7103 A R PROSSER 040.00 040.00 X 131122 0 13598 H M MADDOX 040.00 040.00 X 127592 0 13016 E GRINER 040.00 040.00 X 108957 0 11876 S T WOOD 040.00 040.00 X 101123 0 6572 852707 82813 6 false true false PRO STEEL BUILDINGS INC 1979 MARYLAND CIRCLE TALLAHASSEE FL 32303 CONTRACTOR 972279 FIS 11601 N ROOSEVELT BLVD ST PETERSBURG FL 33716 PLASTICS SERVICER 638407 ONLINE RESOURCES PO BOX 418410 BOSTON MA 022418410 ONLINE BILL PAY SERVICER 449949 UNITED SOLUTIONS COMPANY PO BOX 5496 TALLAHASSEE FL 32314 DATA PROCESSOR/COLLECTIONS/SERVICER 274521 COMMERCIAL MAINTENANCE 3550 LAKESHORE DRIVE TALLAHASSEE FL 32312 MAINTENANCE/FACILITIES PROVIDER SERVICE MANAGER 268392 17 INTEREST INCOME ON LOANS 522100 8731761 8731761 FEES/CHARGES/OTHER 522100 4290276 4290276 13022037 1213565 1213565 6883077 36258699 6764772 35376147 118305 882552 1000857 1000857 MISCELLANEOUS OPERATING INCOME 522100 2527207 2527207 NET GAIN ON ASSETS 522100 46656 46656 2573863 17810322 17810322 0 0 0 0 566384 566384 0 4104034 4104034 133362 133362 720126 720126 356145 356145 0 1400 1400 123065 123065 0 0 0 546300 546300 1053410 1053410 1800890 1800890 0 65462 65462 77998 77998 0 63082 63082 654376 654376 58667 58667 986025 986025 412787 412787 SEE ATTACHED SCHEDULE 3963315 3963315 0 15686828 15686828 23140575 28938849 66876 66876 3390291 1684002 140016368 138878813 259306 239460 16042824 5446991 9292149 10595833 39207733 48197033 1343100 1367000 8354844 12617867 225071242 242585733 7764358 7004640 199888518 215794210 207652876 222798850 X 17418366 19786883 17418366 19786883 225071242 242585733 2123494 245023 X false true X true false 2800 2800 2800 true CREDIT UNION POLITICAL ACTION COMMITTEE 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 2800 false 4087604 4087604 8469317 2877841 5591476 3485903 2569150 916753 10595833 Financial derivatives and other financial products Closely-held equity interests NCUSIF DEPOSIT 2143051 OREO 310000 MORTGAGE SERVICING RIGHTS 612017 LOANS HELD FOR SALE 2881652 OTHER 392524 457 PLANS 748305 INVESTMENTS IN CUSO 1547755 ASSET ACQUIRED IN PROCESS OF LIQUIDATION 9296 ADVANCE FOR CARD CLEARING 881660 LIFE INSURANCE POLICIES 3091607 12617867 Federal income taxes CHECKING ACCOUNTS 53808597 REGULAR SHARES 69179525 MONEY MARKET 56037270 CERTIFICATES 14536020 IRA/KEOGH 17172936 OTHER DEPOSITS 5059862 215794210 X X 2 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 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 INTERNAL REVENUE SERVICE RELEASED TECHNICAL ADVICE MEMORANDUMS TAMS TO SPECIFIC STATE CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBIT 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 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 DECEMBER 31, 2011. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. 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. MANAGEMENT HAS 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 DECEMBER 31, 2012 AND 2011. X true true X X false false false DG WORRELL 222512 10907 14199 16449 264067 M W HAMBRICK 128434 17935 1125 1683 5420 154597 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. EACH MEMBER HAS ONLY ONE VOTE IT IS NOT POSSIBLE FOR A SINGLE MEMBER TO ELECT A MEMBER TO THE GOVERNING BODY. Form 990 Part VI Section B Line 11B WHEN THE FORM 990 HAS BEEN COMPLETED BY THE CPA FIRM AND RECEIVED BY ECU, IT IS REVIEWED FIRST BY THE CFO FOR ACCURACY, THEN WITH THE CEO AND LATER PRESENTED TO THE LEADERSHIP TEAM COMPOSED OF THE SENIOR VICE PRESIDENTS. Form 990 Part V Section B Line 12C COMPLIANCE WITH THE CREDIT UNIONS OFFICER, DIRECTOR, AND EMPLOYEE POLICIES REGARDING CONFLICTS OF INTEREST ARE ADDRESSED IN THE RELATED POLICIES. Form 990 Part VI Section B Line 15AB IT IS THE POLICY OF THE CREDIT UNION TO PAY COMPENSATION THAT IS NONDICRIMINATORY AND COMPETITIVE. HOWEVER, ALL COMPENSATION POLICY DECISIONS MUST TAKE INTO CONSIDERATION ENVISION CREDIT UNIONS OVERALL FINANCIAL CONDITION AND COMPETITIVE POSITION. Form 990 Part VI Section C Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILALBE 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 WEBSITE, VIA THE QUARTERLY 5300 FILING. 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