STATE CHARTERED CREDIT UNIONS IN FLORIDA: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 59-0729366)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-15
IRS object ID: 201221369349307567
Schema version: 2011v1.2
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 I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-15T16:25:52-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	590729366	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	STATE CHARTERED CREDIT UNION IN FLORIDA	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	STAT	NameControl
Phone	7274317311	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1499 Gulf to Bay Blvd	AddressLine1
City	Clearwater	City
State	FL	State
ZIP Code	33755	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Dennis Holthaus	Name
Title	CFO	Title
Phone	7274317315	Phone
Date Signed	2012-05-15	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2011	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	Achieva Credit Union	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Gary Regoli	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1499 Gulf to Bay Blvd	AddressLine1
City	Clearwater	City
State	FL	State
ZIP Code	33755	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	54769391	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.achievacu.com	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1937	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	Not-for-profit organization State Chartered Credit Union	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	52258880	ProgramServiceRevenuePriorYear
Program Service Revenue CY	51247361	ProgramServiceRevenueCY
Investment Income Prior Year	3380690	InvestmentIncomePriorYear
Investment Income Current Year	2252175	InvestmentIncomeCurrentYear
Other Revenue Prior Year	462832	OtherRevenuePriorYear
Other Revenue Current Year	1269855	OtherRevenueCurrentYear
Total Revenue Prior Year	56102402	TotalRevenuePriorYear
Total Revenue Current Year	54769391	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	10000	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	10000	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	16748274	SalariesEtcPriorYear
Salaries Etc Current Year	16497012	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	36076581	OtherExpensePriorYear
Other Expenses Current Year	34534736	OtherExpensesCurrentYear
Total Expenses Prior Year	52834855	TotalExpensesPriorYear
Total Expenses Current Year	51041748	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3267547	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	3727643	RevenuesLessExpensesCY
Total Assets BOY	896857757	TotalAssetsBOY
Total Assets EOY	967253464	TotalAssetsEOY
Total Liabilities BOY	812903310	TotalLiabilitiesBOY
Total Liabilities EOY	879293930	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	83954447	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	87959534	NetAssetsOrFundBalancesEOY
Mission Description	Not-for-profit organization, State Chartered Credit Union	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	51041748	Expense
Grants	0	Grants
Revenue	54769391	Revenue
Description	Credit Union Financial Services	Description
Total Of Other Program Service Exp	0	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	0	TotalOfOtherProgramServiceRev
Total Program Service Expense	51041748	TotalProgramServiceExpense
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	1	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	1	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	27447	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Indoor Tanning Services	0	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	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	1	LocalChapters
Policies Reference Chapters	1	PoliciesReferenceChapters
Form990 Provided To Governing Body	0	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Dennis Holthaus	NamePerson
Telephone Number	7274317315	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1499 Gulf to Bay Blvd	AddressLine1
City	Clearwater	City
State	FL	State
ZIP Code	33755	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (23 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	FormerFormer	Highest Compensated EmployeeHighestCompensatedEmployee
TD Hawkins
Chairman, Board of Directors	1	X	962	0	0
Linda B Emanuel
Vice Chairman, Board of Directors	1	X	1298	0	0
Trellis Poe
Secretary / Treasurer, Board of Directors	1	X	3946	0	0
Tom Oberhofer
Board Member	1	X	746	0	0
Mike Silvernail
Board Member	1	X	0	0	0
Jack Berthy
Board Member	1	X	1637	0	0
Rohland Bryant
Supervisory Committee Chairperson	1	X	0	0	0
Bill Williamson
Board Member	1	X	1589	0	0
James Dawson
Board Member	1	X	0	0	0
Janet Cantees
Board Member	1	X	1381	0	0
Gary Regoli
President & CEO	50		509524	0	0	X
Dennis Holthaus
SVP / CFO	50		239041	0	0	X
John Wintermeier
SVP / CIO	50		166256	0	0	X
Tara Murphy
SVP Retail Sales and Service	50		144372	0	0	X
Andrea Gregor
SVP / Organizational Development	50		131924	0	0	X
Dawn Dixon
SVP Marketing	50		124802	0	0	X
Perry Goodbrake
SVP / Risk Management	50		103351	0	0	X
Jim Wood
(Former) SVP / CLO	50		161236	0	0	X	X
Steve Nordbeck
Financial Planning Manager	50		265669	0	0			X
Ken Rase
Financial Planning Manager	50		240418	0	0			X
Larry Rupp
VP Business Lending	50		118752	0	0			X
Victoria Prast
VP Real Estate Lending	50		106886	0	0			X
Jason Doerr
VP Consumer Lending	50		104080	0	0			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2427870	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	14	NumberIndividualsGT100K
Formers Listed	1	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Loan Interest	522130	34405038	34405038	$0
Fee Income	522130	7755141	7755141	$0
Interchange Income	522130	7300914	7300914	$0
Commission Income	522130	1786268	1786268	$0

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	51247361	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1948799	TotalRevenueColumn
Related Or Exempt Function Income	1948799	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	226988	Securities
Other	76388	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	0	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	226988	Securities
Other	76388	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	303376	TotalRevenueColumn
Related Or Exempt Function Income	303376	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	0	GrossSalesOfInventory
Cost Of Goods Sold	0	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
ATM Surcharge	522130	125886	125886	$0
Servicing Income	522130	199162	199162	$0
Miscellaneous Income	522130	944807	944807	$0

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	1269855	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	54769391	TotalRevenueColumn
Related Or Exempt Function Income	54769391	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	10000	Total
Program Services	10000	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	13072413	Total
Program Services	13072413	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	884188	Total
Program Services	884188	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	1441667	Total
Program Services	1441667	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1098744	Total
Program Services	1098744	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	56722	Total
Program Services	56722	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	95647	Total
Program Services	95647	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	444992	Total
Program Services	444992	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1399403	Total
Program Services	1399403	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	2007788	Total
Program Services	2007788	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2973887	Total
Program Services	2973887	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1952890	Total
Program Services	1952890	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	69395	Total
Program Services	69395	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	345608	Total
Program Services	345608	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2144867	Total
Program Services	2144867	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	168472	Total
Program Services	168472	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Dividend/Interest Expense	8305167	8305167
ATM/Debit Card Expense	3531750	3531750
Loan Processing Expense	1118651	1118651
Provision Loan Losses	5934404	5934404

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3985093	Total
Program Services	3985093	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	51041748	Total
Program Services	51041748	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	10832580	BOY
EOY	2663320	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	197137544	BOY
EOY	258953457	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	40000	BOY
EOY	20000	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	597405945	BOY
EOY	598832947	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1088677	BOY
EOY	1174565	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	52572108	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	25049746	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	27095127	BOY
EOY	27522362	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	14711765	BOY
EOY	31460135	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	23313303	BOY
EOY	22653372	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	25232816	BOY
EOY	23973306	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	896857757	BOY
EOY	967253464	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6930739	BOY
EOY	9344033	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	275371	BOY
EOY	249867	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	0	BOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	805697200	BOY
EOY	869700030	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	812903310	BOY
EOY	879293930	EOY

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

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	83954447	BOY
EOY	87959534	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	83954447	BOY
EOY	87959534	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	896857757	BOY
EOY	967253464	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	3727643	ReconcilationRevenueExpenses
Reconcilation Other Changes	277444	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	1	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtc
Included On FS	1	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	7211753	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Book Value	7211753	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	26033270	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	9723337	Depreciation
Book Value	16309933	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	1192085	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	844599	Depreciation
Book Value	347486	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	17969680	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	14481810	Depreciation
Book Value	3487870	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	165320	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	0	Depreciation
Book Value	165320	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	27522362	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Member Deposit Accounts	Description
Amount	$869,700,030	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	869700030	TotalOfAmounts
Total Revenue	54769391	TotalRevenue
Total Expenses	51041748	TotalExpenses
Excess Or Deficit For Year	3727643	ExcessOrDeficitForYear
Net Unrealized GL On Investments	0	NetUnrealizedGLOnInvestments
Donated Services And Facilities	0	DonatedServicesAndFacilities
Investment Expenses	0	InvestmentExpenses
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	$0	OtherAmount
Total Adjustments	0	TotalAdjustments
Excess Or Deficit Per FS	3727643	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	54769391	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	0	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	0	DonatedSrvcAndUseOfFacilities
Recoveries Of Prior Year Grants	0	RecoveriesOfPriorYearGrants
Other Revenues	0	OtherRevenues
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	54769391	RevenueSubtotal
Investment Expenses Not Included	0	InvestmentExpensesNotIncluded
Other Revenues Not Included	0	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	54769391	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	51041748	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	0	DonatedServicesUseOfFacilities
Prior Year Adjustments	0	PriorYearAdjustments
Losses Reported	0	LossesReported
Other Expenses Included	0	OtherExpensesIncluded
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	51041748	ExpensesSubtotal
Investment Expenses Not Included2	0	InvestmentExpensesNotIncluded2
Other Expenses Not Included	0	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	51041748	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	SchD_P04_S00_L02b	Identifier
Return Reference	Schedule D, Part IV, Line 2b	ReturnReference
Explanation	Custodian for FNMA escrow and principal and interest payments to be remitted. Achieva Credit Union collects escrow payments for first mortgage loans and in November of each year remits the annual taxes due for escrowed members as well as remitting insurance payments in the month they become due.	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	Scholoarships	TypeOfGrant
Number Of Recipients	10	NumberOfRecipients
Amount Of Cash Grant	10000	AmountOfCashGrant
Amount Of Non Cash Assistance	0	AmountOfNonCashAssistance
Method Of Valuation	book	MethodOfValuation

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	SchI_P01_S00_L02	Identifier
Return Reference	Schedule I, Part I, Line 2	ReturnReference
Explanation	In 2011 we had 10 $1,000 grants awarded using published criteria for eligibility and selection process.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Discretionary Spending Account	X	DiscretionarySpendingAccount
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	1	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Gary Regoli
409524	0	100000	0	0	0	37813	0	13931	0	561268	0	0	0
Dennis Holthaus
233541	0	5500	0	0	0	21118	0	4390	0	264549	0	0	0
John Wintermeier
155756	0	10500	0	0	0	2031	0	9256	0	177543	0	0	0
Steve Nordbeck
264369	0	1300	0	0	0	13602	0	7006	0	286277	0	0	0
Ken Rase
239568	0	850	0	0	0	12041	0	475	0	252934	0	0	0
Jim Wood
166817	0	500	0	73101	0	4445	0	4538	0	249401	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SchJ_P01_S00_L01a	Schedule J, Part I, Line 1a	Items are self explanatory; No additional relevant information is needed.
SchJ_P01_S00_L04	Schedule J, Part I, Line 4	Jim Wood (Former CLO) received a severance of $73,101 in 2011.

Schedule L IRS990ScheduleL

Loan Table LoanTable

Field	Value	IRS element (for citing)
Name Person	K Rase	NamePerson
Loan From Organization	X	LoanFromOrganization
Original Principal	$25,000	OriginalPrincipalAmount
Balance Due	20000	BalanceDue
Default	0	Default
Approved By Board	0	ApprovedByBoard
Written Agreement	1	WrittenAgreement

Field	Value	IRS element (for citing)
Total Balance Due	20000	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
F990_P06_S0A_L06	Form 990, Part VI, Section A, Line 6	We have members and our current field of membership is as follows: membership in Achieva Credit Union is limited to individuals, trusts, associatons, organizations and legal entities residing or employed in Pinellas, Pasco, hernando, Manatee, Sarasota, Charlotte and Hillsborough Counties, exdluding individuals and entities domiciled and employed in zip codes 33565, 33566 and 33567, and immeidate family members of such, defined to include parents, children, spouse, or surviving spouse of the member, or any other relative by blood, marriage, or adoption even though such individuals do not reside in the same household with the member; and associations and organizations of such persons and employees of these associations and organizations.
F990_P06_S0A_L07a	Form 990, Part VI, Section A, Line 7a	The Board of Directors Nominating Committee is structured for the purpose of selecting and maintaining effective directors. The Board of Directors Nominating Committee is organized at the March meeting for each election year and will serve throughout the year until the recommended slate of Directors are presented to the Board of Directors the following March. the committee includes three Directors who are not candidates for re-election that year. Membership in the committee rotates annually using an established schedule so that each Director (regardless of office) will serve one time during each three year period. The committee recommends to the Board of Directors a chairperson, vice-chairperson and secretary/treasurer following the annual meetings at which directors are elected and includes performance requirements and attendance information in its consideration of candidates for re-election. At the August meeting, the committee recommends to the Board of Directors a slate of candidates to fill anticipated vacancies in March.
F990_P06_S0B_L11b	Form 990, Part VI, Section B, Line 11b	This return is prepared by subject matter experts, and reviewed by the Accounting Controller and Chief Financial Officer of Achieva Credit Union. The completed 990 was compared to published financial reports for accuracy, and to the prior year's return for reasonableness.
F990_P06_S0B_L12c	Form 990, Part VI, Section B, Line 12c	all volunteers are required to sign an agreement stating that they will not knowingly take any action or make any statement intended to influence the conduct of Achieva Credit Union in such a way to confer any financial benefit on such volunteers, their immediate family members, or any organization in which they or their family members have a personal interest. Board members are required to disclose any potential coflict of interest on any action that comes before the Board of Directors and withdraw from the meeting room during discussion, review, and voting in connection with the matter. The disclosure will be recorded in the minutes of the meeting. Annual disclosures of potential conflicts are filed with the Board of Directors. to ensure compliance with our conflict of interest policy, an internal auditor conducts an annual review of the officials in accordance with statute 657.039 part 1.
F990_P06_S0B_L15	Form 990, Part VI, Section B, Line 15	A salary survey and review and approval by the Board of Directors and Compensation Committee were completed in 2011 to determine the compensation for the CEO.
F990_P06_S0C_L19	Form 990, Part VI, Section C, Line 19	Monthly financial statements are posted in the lobbies of our branches, annual financial reports are provided at our annual member meeting and are also available upon request. The conflict of interest policy and governing documents are not made available to the general public.
F990_P11_S00_L05	Form 990, Part XI, Line 5	$277,444 represents unrealized gains on AFS securities and Deferred Compensation plans.