MIDFLORIDA CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MIDFLORIDA CREDIT UNION (EIN 59-6194363)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-25
- IRS object ID
- 201123299349300602
- Schema version
- 2010v3.4
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-25T18:01:03-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASTERS SCHWARTZ & COLE LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11776 W SAMPLE RD STE 106 | AddressLine1 |
| City | CORAL SPRINGS | City |
| State | FL | State |
| ZIP Code | 330655060 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 596194363 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDF | NameControl |
| Phone | 8636883733 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVE MOSELEY | Name |
| Title | CFO | Title |
| Phone | 8636883733 | Phone |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL J COLE | Name |
| Phone | 9547551760 | Phone |
| Date Prepared | 2011-11-25 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | STEVE MOSELEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 92370565 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MIDFLORIDA.COM | WebSite |
| Type Of Organization Association | X | TypeOfOrganizationAssociation |
| Year Formation | 1954 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | THE PURPOSE OF MID FLORIDA CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT AND THE EFFECTIVE USE OF THEIR RESOURCES AND ASSETS; AND TO ENGAGE IN ALL ACTIVITIES AND INCIDENTAL THERETO. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 588 | TotalNbrEmployees |
| Total Nbr Volunteers | 4 | TotalNbrVolunteers |
| Total Gross UBI | 59307 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -24401 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 29353842 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 81621169 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2829526 | InvestmentIncomePriorYear |
| Investment Income Current Year | 10749396 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 32183368 | TotalRevenuePriorYear |
| Total Revenue Current Year | 92370565 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8997004 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 27009799 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19635189 | OtherExpensePriorYear |
| Other Expenses Current Year | 51851012 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 28632193 | TotalExpensesPriorYear |
| Total Expenses Current Year | 78860811 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3551175 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 13509754 | RevenuesLessExpensesCY |
| Total Assets BOY | 1363754894 | TotalAssetsBOY |
| Total Assets EOY | 1520143890 | TotalAssetsEOY |
| Total Liabilities BOY | 1237498017 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1387047183 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 126256877 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 133096707 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE PURPOSE OF MID FLORIDA CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT AND THE EFFECTIVE USE OF THEIR RESOURCES AND ASSETS; AND TO ENGAGE IN ALL ACTIVITIES AND INCIDENTAL THERETO. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICING THE LOAN PORTFOLIO FOR ITS MEMBERS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OFFICE EXPENSES AND DATA PROCESSING EXPENSES NECESSARY TO SUPPORT MEMBER ACCOUNT AND LOAN ACTIVITY BY PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DIVDENDS AND INTEREST PAID TO MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MARKET ACCOUNTS, AND CERTIFICATES OF DEPOSIT ACCOUNTS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| 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 | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | 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 | true | 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 | 155048 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 588 | 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 | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | 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 | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | 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 | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MICHAEL CHEESEMAN | NamePerson |
| Telephone Number | 8136162101 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DON WILLIAMS | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| GARY RHULE | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| SANDY PRINCE | |||||||
| CHAIRMAN | 5.00 | X | 0 | 0 | 0 | ||
| RICHARD ISINGHOOD | |||||||
| VICE CHAIRMA | 5.00 | X | 0 | 0 | 0 | ||
| CHESTER BROJEK | |||||||
| SECRETARY | 5.00 | X | 0 | 0 | 0 | ||
| TIM HARRIS | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| DAN PIERCE | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| NICK SUDINZA | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| HARRY WILLIAMS | |||||||
| TREASURER | 5.00 | X | 0 | 0 | 0 | ||
| D KEVIN JONES | |||||||
| CEO | 50.00 | 490265 | 0 | 16500 | X | ||
| SAMUEL STEVE MOSLEY | |||||||
| CFO | 50.00 | 297798 | 0 | 14590 | X | ||
| KATHY BRITT | |||||||
| COO | 50.00 | 231192 | 0 | 17385 | X | ||
| DAVID HAND | |||||||
| CHIEF OF BUS | 50.00 | 232074 | 0 | 9463 | X | ||
| SANDRA GIBSON | |||||||
| CHIEF REAL E | 50.00 | 223110 | 0 | 16798 | X | ||
| DENNIS PERSHING | |||||||
| CHIEF LENDIN | 50.00 | 221297 | 0 | 10750 | X | ||
| AMANDA GAYLE O'BRIEN | |||||||
| CHIEF ADMIN | 50.00 | 210855 | 0 | 15049 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1906591 | TotalReportableCompFromOrg |
| Total Other Compensation | 100535 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NUJAK DEVELOPMENT | |||||
| 711 N KENTUCKY AVE | LAKELAND | FL | 33801 | CONSTRUCTION | 1254569 |
| HENKELMAN CONSTRUCTION | |||||
| 1830 NORTH CRYSTAL LAKE DR | LAKELAND | FL | 33801 | CONSTRUCTION | 1205856 |
| DIEBOLD INC | |||||
| PO BOX 643543 | PITTSBURGH | PA | 152643543 | EQUIPMENT & SEC | 1073498 |
| BLUE CROSS BLUE SHEILD | |||||
| PO BOX 105358 | ATLANTA | GA | 303485358 | INSURANCE | 845153 |
| FISERVE | |||||
| PO BOX 6974 | CHICAGO | IL | 606756974 | DATA PROCESSING | 631796 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Business CodeBusinessCode | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 55062761 | 55062761 | ||
| FEE INCOME | 16153058 | 16153058 | ||
| OTHER OPERATING INCOME | 10346142 | 10346142 | ||
| NON-MEMBER ATM FEE INCOME | 59307 | 525990 | 59307 | |
| OTHER NON OPERATING INCOME | -99 | -99 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 81621169 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10749396 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10749396 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 92370565 | TotalRevenueColumn |
| Related Or Exempt Function Income | 92311258 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 59307 | UnrelatedBusinessRevenue |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1066674 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23768611 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131055 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2043459 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2498270 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7594217 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4236883 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 565162 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19572044 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2873587 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISIONS FOR LOAN LOSS | 9849971 |
| PROFESSIONAL SERVICES | 3337446 |
| LOAN SERVICING | 964611 |
| OPERATING FEES | 206917 |
| MISC OPERATING EXPENSES | 151904 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78860811 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20234846 | BOY |
| EOY | 26538275 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1551637 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2509060 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 844853720 | BOY |
| EOY | 939746871 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 90446297 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26871492 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53813226 | BOY |
| EOY | 63574805 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 433660637 | BOY |
| EOY | 471742569 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 4371792 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9640828 | BOY |
| EOY | 11660518 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1363754894 | BOY |
| EOY | 1520143890 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122319923 | BOY |
| EOY | 119699101 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1115178094 | BOY |
| EOY | 1267348082 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1237498017 | BOY |
| EOY | 1387047183 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126256877 | BOY |
| EOY | 133096707 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126256877 | BOY |
| EOY | 133096707 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1363754894 | BOY |
| EOY | 1520143890 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 13509754 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -6669924 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14534534 | OtherCostOrOtherBasis |
| Book Value | 14534534 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 46363029 | OtherCostOrOtherBasis |
| Depreciation | 8613776 | Depreciation |
| Book Value | 37749253 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29540955 | OtherCostOrOtherBasis |
| Depreciation | 18249937 | Depreciation |
| Book Value | 11291018 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 63574805 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| TOTAL SHARES AND DEPOSITS | $1,257,938,712 |
| OTHER LIABILITIES | $5,846,253 |
| OTHER ACCRUED EXPENSES | $2,344,887 |
| DATA PROCESSING EXCEPTIONS | $1,149,702 |
| DEFERRED INCOME | $68,528 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1267348082 | TotalOfAmounts |
| Total Revenue | 92370565 | TotalRevenue |
| Total Expenses | 78860811 | TotalExpenses |
| Excess Or Deficit For Year | 13509754 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 13509754 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 92370565 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 92370565 | RevenueSubtotal |
| Total Revenue Per Form990 | 92370565 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 78860811 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 78860811 | ExpensesSubtotal |
| Total Expenses Per Form990 | 78860811 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| 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 (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg |
|---|---|---|---|---|
| D KEVIN JONES | ||||
| 489929 | 336 | 16500 | 506765 | |
| SAMUEL STEVE MOSLEY | ||||
| 283974 | 1056 | 14590 | 312388 | 12768 |
| KATHY BRITT | ||||
| 230856 | 336 | 17385 | 248577 | |
| DAVID HAND | ||||
| 213493 | 2081 | 9463 | 241537 | 16500 |
| SANDRA GIBSON | ||||
| 222228 | 882 | 16798 | 239908 | |
| DENNIS PERSHING | ||||
| 219709 | 336 | 10750 | 232047 | 1252 |
| AMANDA GAYLE O'BRIEN | ||||
| 210519 | 336 | 15049 | 225904 | |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FRINGE OR EXPENSE EXPLANATION | Identifier |
| Return Reference | SCHEDULE J, PAGE 1, PART I, LINE 1A | ReturnReference |
| Explanation | THE TRAVEL POLICY ALLOWS BOARD MEMBERS AND SENIOR MANAGEMENT TO PURCHASE FIRST CLASS TICKETS FOR THEM AND SPOUSES AS LONG AS THE TOTAL AMOUNT SPENT DOES NOT EXCEED THE ANNUAL TRAVEL BUDGET FOR EACH PERSON. SOCIAL SLUB DUES ARE PAID FOR | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990 - ORGANIZATION'S MISSION | THE PURPOSE OF MID FLORIDA CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT AND THE EFFECTIVE USE OF THEIR RESOURCES AND ASSETS; AND TO ENGAGE IN ALL ACTIVITIES AND INCIDENTAL THERETO. |
| EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS | FORM 990, PAGE 1, PART I, LINE 6 | VOLUNTEERS ARE NOT PAID AND ARE ACTIVE IN A SUPERVISORY COMMITTEE. |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | YES, MEMBERS ARE ELECTED TO THE BOARD TO SERVE AFTER NOMINATION BY "NOMINATING COMMITTEE" WHICH IS APPOINTED BY BOARD CHAIRMAN. NOMINATIONS CAN ALSO BE MADE BY GENERAL MEMBERSHIP BY PETITION SIGATURES OF MEMBERS REPRESENTING 1% OF MEMBERSHIP (MINIMUM 20 AND MAXIMUM OF 500) |
| DECISIONS SUBJECT TO APPROVAL OF MEMBERS | FORM 990, PAGE 6, PART VI, LINE 7B | YES, DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS, AND BOARD DIRECTORS. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | PRESENTED TO BOARD OF DIRECTORS AT REGULARLY SCHEDULED MEETING. SHORT YEAR 990 WILL BE PRESENTED TO BOARD FOR REVIEW BEFORE THE EXTENDED FILING DUE DATE OF 11-15-10. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | YES, THE ENFORCEMENT OF CONFLICTS OF INTEREST ARE CARRIED OUT BY THE ORGANIZATION. ANY CONFLICTS OF INTEREST RELATED TO OFFICERS AND DIRECTORS ARE REPORTED TO THE STATE AS PART OF A ANNUAL REGULATORY AUDIT. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR TOP OFFICIAL (CEO) IS COMPRISED OF BOTH A CREDIT UNION AND BANK PEER COMPARISON SURVEY. THE SURVEY IS PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD APPROVES THE SALARY OF THE CEO. THE CEO COMPENSATION CONTRACT IS WRITTEN, AND APPROVED BY THE BOARD OF DIRECTORS. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | SALARIES FOR OFFICERS AND KEY EMPLOYEES (EXCEPT CEO) ARE COMPRISED OF BOTH A CREDIT UNION AND BANK PEER COMPARISON SURVEY. THE SURVEY IS PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD THEN APPROVES SALARY RANGES, AND SALARY INCREASES WITHIN A RANGE OF 0% TO 6%. THE CEO THEN APPROVES ALL SALARY CHANGES WITHIN THE RANGES APPROVED BY THE BOARD OF DIRECTORS. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | IF REQUESTED IS MADE TO CREDIT UNION AT OUR OFFICES, OR BY MAIL, A COPY OF THE FORM 990 IS PROVIDED WITHIN A REASONABLE TIME FRAME. BYLAWS AVAILABLE TO ALL MEMBERS UPON REQUEST. SOME INFORMATION IS MADE AVAILABLE TO GENERAL PUBLIC BY NCUA AS A FEDERALLY INSURED INSTITUTION. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA TITLE LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510423632 | EIN |
| Primary Activity | TITLE | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | RELATED | PredominantIncomeType |
| Share Of Total Income | 139647 | ShareOfTotalIncome |
| Share Of EOY Assets | 52671 | ShareOfEOYAssets |
| Disproportionate Allocations | false | DisproportionateAllocations |
| General Or Managing Partner | true | GeneralOrManagingPartner |
| Percentage Ownership | 0.55000 | PercentageOwnership |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA REAL ESTATE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261481756 | EIN |
| Primary Activity | REAL ESTAT | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C CORP | TypeOfEntity |
| Share Of Total Income | -223913 | ShareOfTotalIncome |
| Share Of EOY Assets | 457213 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |