2012-11-24T18:22:14-06:00 2011-12-31 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2011-01-01 590626648 INSIGHT FINANCIAL CREDIT UNION INSI 4076592740 PO BOX 4900 ORLANDO FL 328024900 GEORGE DAVIS 4076592740 2012-11-15 true DANIEL J COLE 9547551760 2012-11-24 2011 2016-02-24 21:20:13Z GEORGE DAVIS PO BOX 4900 ORLANDO FL 32802 30040778 false X WWW.INSIGHTFINANCIALCU.COM X 1935 FL INSIGHT FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBER; AT ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. 9 9 156 198354 -43269 0 31642977 29247086 820116 793692 0 32463093 30040778 0 0 8569287 7922293 0 0 23630041 20576324 32199328 28498617 263765 1542161 447757548 435531196 404537213 390464357 43220335 45066839 INSIGHT FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBER; AT ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. false false INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS. FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES EARNINGS FROM THE INVESTMENTS. THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANDED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUSE, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNION'S GOVERNING DOCUMENTS. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 58115 0 true 156 true true true false false false false false X 9 9 false false false false false true true true true false true true false true true true true true true true false X JUDY MASON 4076592740 PO BOX 4900 ORLANDO FL 32802 KAREN JOHNSON 5.00 X 0 0 0 SUSAN STUCKER 5.00 X 0 0 0 NORMA HORTON 5.00 X 0 0 0 DANNY GRANT 5.00 X 0 0 0 DEBORAH COLLINS 5.00 X 0 0 0 MARK ZICKEFOOSE 5.00 X 0 0 0 MICHELE HOPPENSTEDT 5.00 X 0 0 0 GEORGE DAVIS 50.00 X 235276 0 9692 KRISTY MOIST 40.00 X 146135 0 6550 CINDY MORGAN 40.00 X 142444 0 0 A FLOYD BRADLEY 5.00 X 0 0 0 LINDA SHORT 5.00 X 0 0 0 JERRY LOCKE 5.00 X 0 0 0 STEPHEN HOELTKE 5.00 X 0 0 0 CHARLES ARNETT 5.00 X 0 0 0 TODD MELLENBERNDT 40.00 X 117149 0 0 641004 16242 4 false true false UNITED HEALTHCARE 100 N 8TH ST LINCOLN NE 68501 INSURANCE 784639 PSCU 490 E SOUTH ST ORLANDO FL 32801 ADVERTISING 747684 CUNA MUTUAL GROUP BOX 2964 MILWAUKEE WI 532012964 INSURANCE 388442 METLIFE PO BOX 804466 KANSAS CITY MO 641804466 HEALTH INSURANC 347779 FISERV 495 N KELLER RD MAITLAND FL 32751 DATA PROC. SERV 289381 5 INTEREST ON LOANS 19890728 19890728 FEE INCOME 4613298 4613298 OTHER OPERATING INCOME 4079797 4079797 OTHER NON OPERATING GAINS 472415 472415 FOREIGN ATM FEES 525990 198354 198354 -7506 -7506 29247086 793692 793692 30040778 29842424 198354 540097 5930108 1452088 1558978 98117 2601058 964303 PROVISION FOR LOAN LOSSES 7959763 PROFESSIONAL FEES 2601472 OFFICE OPERATIONS 1931107 LOAN SERVICING EXP 1508091 1353435 28498617 0 0 0 3582630 3874384 62665797 49905894 318209466 300989196 28742953 8968679 20246141 19774274 35211502 53056424 7842012 7931024 447757548 435531196 3726207 3804133 400811006 386660224 404537213 390464357 X 43220335 45066839 43220335 45066839 447757548 435531196 X 1542161 304343 X true true true X false false false false false false false false false false false 5678927 5678927 16072235 3886038 12186197 105634 81216 24418 6886157 5001425 1884732 19774274 MEMBER SHARE ACCOUNTS 386660224 386660224 X true true X X false false false GEORGE DAVIS 235276 9692 244968 KRISTY MOIST 146135 6550 152685 ADDITIONAL INFORMATION FORM 990 THE CREDIT UNION DOES OFFER DISCOUNTED LOANS TO EMPLOYEES. UPON COMPLETION AN EMPLOYEES PROBATIONARY 90 DAY PERIOD, THEY CAN RECEIVE A 1% DISCOUNTED LOAN RATE OFF OF PREVAILING MARKET INTEREST RATES ON ALL MORTGAGE AND CONSUMER LOANS. UPON TERMINATION/RESIGNATION THE LOAN REVERTS TO NORMAL MARKET RATES WITHOUT THE DISCOUNT. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A YES- THE CREDIT UNION'S BOARD OF DIRECTORS ARE ELECTED BY MEMBERS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B YES, CERTAIN DECISIONS WOULD BE APPROVED BY MEMBERSHIP. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B BOARD OF DIRECTORS REVIEWS FORM 990 AT REGULARLY SCHEDULED MEETING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C YES, A CONFLICTS OF INTEREST POLICY IS ACTIVELY ENFORCED. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR CEO, DIRECTORS, AND TOP MANAGEMENT OFFICIALS IS SUBJECT TO REVIEW AND APPROVAL BY BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B YES, OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION IS SUBJECT TO REVIEW BY CEO WITHIN GUIDELINES APPROVED BY BOARD OF DIRECTORS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO ALL MEMBERS UPON REQUEST. FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC FROM NCUA. ADDITIONAL INFORMATION FORM 990, PART XI THE ADJUSTMENT TO NET FIXED ASSETS WAS FROM FASB 115 ADJUSTMENTS TO UNREALIZED GAINS AND LOSSES OF SECURITIES HELD BY THE CREDIT UNION