SUNCOAST CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SUNCOAST CREDIT UNION (EIN 59-0291451)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-01
- IRS object ID
- 202423069349300137
- Schema version
- 2023v5.1
- 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) |
|---|---|---|
| Return | 2024-11-01T09:03:15-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 382492570 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 WEST BIG BEAVER ROAD | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48084 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590291451 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNCOAST CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUNC | BusinessNameControlTxt |
| Phone | 8009995887 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11904 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 336801904 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BEN LEMOINE | PersonNm |
| Person Title | SVP/CFO | PersonTitleTxt |
| Phone | 8009995887 | PhoneNum |
| Signature | 2024-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT PARKS CPA | PreparerPersonNm |
| PTIN | P00740435 | PTIN |
| Phone | 2482443000 | PhoneNum |
| Preparation | 2024-10-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEVIN JOHNSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11904 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 336801904 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,203,341,584 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SUNCOASTCREDITUNION.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | TO IMPROVE THE QUALITY OF OUR MEMBERS' LIVES THROUGH STRENGTH, SECURITY, AND INNOVATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 2864 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $3,453,069 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $516,732 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $572,321,151 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $780,863,528 | CYProgramServiceRevenueAmt |
| PY Investment Income | $48,660,417 | PYInvestmentIncomeAmt |
| CY Investment Income | $92,506,813 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,916,043 | PYOtherRevenueAmt |
| CY Other Revenue | $3,549,765 | CYOtherRevenueAmt |
| PY Total Revenue | $624,897,611 | PYTotalRevenueAmt |
| CY Total Revenue | $876,920,106 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,325,983 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $766,319 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $184,444,409 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $212,779,159 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $277,200,376 | PYOtherExpensesAmt |
| CY Other Expenses | $528,786,810 | CYOtherExpensesAmt |
| PY Total Expenses | $462,970,768 | PYTotalExpensesAmt |
| CY Total Expenses | $742,332,288 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $161,926,843 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $134,587,818 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,214,901,944 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,403,676,924 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,070,852,001 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,120,234,324 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,144,049,943 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,283,442,600 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE CREDIT UNION'S MISSION IS TO IMPROVE THE QUALITY OF OUR MEMBERS' LIVES BY MAINTAINING A STRONG, SECURE, AND INNOVATIVE CREDIT UNION THAT BUILDS TRUST, SHOWS RESPECT, AND MAXIMIZES EFFICIENCY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | THE CREDIT UNION OFFERS OUR MEMBERS A SOURCE OF CREDIT THROUGH VARIOUS TYPES OF LOANS, INCLUDING MORTGAGE, AUTO, AND PERSONAL. INTEREST RATES FOR OUR LOANS ARE COMPETITIVE IN OUR LOCAL MARKETS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE CREDIT UNION OFFERS COMPETITIVE SAVINGS PRODUCTS TO OUR MEMBERS WITH INTEREST RATES THAT ARE MORE FAVORABLE THAN OUR LOCAL COMPETITION ON OUR INTEREST BEARING ACCOUNTS AND CERTIFICATES OF DEPOSIT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SERVICE FEES CHARGED BY THE CREDIT UNION FOR OUR PRODUCTS ARE GENERALLY LOWER THAN OUR LOCAL COMPETITION OR HAVE BEEN ELIMINATED. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 353902 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2864 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHEILA CLINE SVP OF FINANCE AND ACCOUNTING | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8009995887 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11904 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 336801904 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANTHONY SACHEL | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $6,470 | $0 | $0 | |||
| ZAMIR L ODE | ||||||||
| IMMEDIATE POST CHAIR OF THE BOARD | 2.00 | Yes (X) | $6,148 | $0 | $0 | 1.00 | ||
| JOUNICE NEALY-BROWN | ||||||||
| VICE CHAIR OF THE BOARD | 2.00 | Yes (X) | $3,274 | $0 | $0 | 1.00 | ||
| GARY C GRESHAM | ||||||||
| CHAIR OF THE BOARD | 2.00 | Yes (X) | $8,654 | $0 | $0 | 1.00 | ||
| VICTOR ARIAS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $4,014 | $0 | $0 | |||
| ANDREA FALVEY | ||||||||
| TREASURER OF THE BOARD | 2.00 | Yes (X) | $5,343 | $0 | $0 | 1.00 | ||
| MARC JOHNSON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $1,895 | $0 | $0 | |||
| MANUEL LOPEZ | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $4,146 | $0 | $0 | |||
| STEPHANIE MATHEWS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,235 | $0 | $0 | |||
| ROBERT JONES | ||||||||
| SECRETARY OF THE BOARD | 2.00 | Yes (X) | $5,486 | $0 | $0 | |||
| LORRAINE FERNANDEZ | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $4,405 | $0 | $0 | |||
| KEVIN JOHNSON | ||||||||
| PRESIDENT/CEO | 50.00 | $978,444 | $0 | $53,175 | 1.00 | Yes (X) | ||
| JULIE A RENDEROS | ||||||||
| EVP/CFO | 50.00 | $549,985 | $0 | $42,435 | Yes (X) | |||
| VICTORIA LOVETT | ||||||||
| EVP COO | 50.00 | $126,198 | $0 | $10,476 | Yes (X) | |||
| DARLENE JOHNSON | ||||||||
| EVP CGO | 50.00 | $578,544 | $0 | $50,642 | 1.00 | Yes (X) | ||
| MELVA MCKAY-BASS | ||||||||
| SVP CHIEF BUS DEV OFFICER | 50.00 | $385,811 | $0 | $59,082 | Yes (X) | |||
| MICHAEL PARKS | ||||||||
| SVP CIO | 50.00 | $373,139 | $0 | $48,273 | Yes (X) | |||
| JACQULYNE GILBERT | ||||||||
| SVP CRO | 50.00 | $400,325 | $0 | $22,423 | Yes (X) | |||
| AILEEN RODRIGUEZ | ||||||||
| RETAIL MLO | 50.00 | $388,287 | $0 | $34,249 | Yes (X) | |||
| CAROLYN BARE | ||||||||
| WEALTH ADVISOR | 40.00 | $311,111 | $0 | $37,336 | Yes (X) | |||
| JENNIFER M BOLIVAR | ||||||||
| SVP SERVICE CENTER OPERATIONS | 40.00 | $308,652 | $0 | $31,574 | Yes (X) | |||
| OKSANA SHERMAN | ||||||||
| RETAIL MLO | 40.00 | $454,652 | $0 | $42,711 | Yes (X) | |||
| KAREN KOUNDOURAKIS | ||||||||
| SVP MEMBER EXP | 40.00 | $319,501 | $0 | $14,871 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,227,719 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $447,247 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 237 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SG360 | |||||
| PO BOX 26704 | OVERLAND PARK | KS | 66225 | JANITORIAL SERVICES | $1,636,633 |
| KASS SHULER PA | |||||
| 1505 N FLORIDA AVE | TAMPA | FL | 33602 | LEGAL SERVICE ATTORNEY | $1,304,227 |
| DENT ENTERPRISES LLC | |||||
| 812 S CROWLEY ROAD STE A | DEWITT | TX | 76036 | LAWN MAINTENANCE | $1,079,221 |
| STEEMOLOGY LLC BRADLEY NEAL | |||||
| 10610 SWEET SAPLING ST | RIVERVIEW | FL | 33578 | BUILDING MAINTENANCE | $1,068,271 |
| WETHERINGTON HAMILTON & HARRISON PA | |||||
| 812 W DR MLK JR BLVD - SUITE 101 | TAMPA | FL | 33603 | COLLECTIONS ATTORNEY | $474,320 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 124 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON LOANS | 522100 | $621,371,905 | $621,371,905 |
| SERVICE FEES & MISC | 522100 | $159,491,623 | $159,491,623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $780,863,528 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $93,013,359 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,013,359 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $228,971 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $132,275 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $96,696 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,696 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $96,696 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $248,120,738 | SecuritiesAmt |
| Other | $77,661,919 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $248,054,337 | SecuritiesAmt |
| Other | $78,234,866 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $66,401 | SecuritiesAmt |
| Other | -$572,947 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$506,546 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$506,546 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| UNRELATED BUSINESS INC | 520000 | $3,394,032 | $3,394,032 |
| UNRELATED BUSINESS INC | 530000 | $59,037 | $59,037 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,453,069 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $876,920,106 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $873,467,037 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,453,069 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $766,319 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,732,022 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,184,900 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,496,256 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,312,418 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,053,563 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $664,549 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,437,077 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,105 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,351,082 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,234,781 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,837,878 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,624,351 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,288,608 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $636,192 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,827,386 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,663,986 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,103,275 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| LOAN LOSS | $145,000,000 |
| UBIT (FEDERAL AND STATE | $138,500 |
| OTHER EXPENSES | $33,883,664 |
| FRAUD EXPENSE | $18,429,346 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,638,030 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $742,332,288 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,751,233 | BOYAmt |
| EOY | $245,474,357 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,022,093 | BOYAmt |
| EOY | $1,532,467,731 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,107,472 | BOYAmt |
| EOY | $60,693,432 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,995,566 | BOYAmt |
| EOY | $24,041,924 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,005,108,167 | BOYAmt |
| EOY | $12,805,745,575 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,308,177 | BOYAmt |
| EOY | $44,885,185 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $346,445,833 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $168,099,996 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,395,048 | BOYAmt |
| EOY | $178,345,837 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,597,101,136 | BOYAmt |
| EOY | $1,988,154,978 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,286,889 | BOYAmt |
| EOY | $161,143,599 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,135,417 | BOYAmt |
| EOY | $4,082,427 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,690,746 | BOYAmt |
| EOY | $358,641,879 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,214,901,944 | BOYAmt |
| EOY | $17,403,676,924 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,856,451 | BOYAmt |
| EOY | $201,136,821 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,530,066 | BOYAmt |
| EOY | $17,305,207 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,160,000,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,000,000 | BOYAmt |
| EOY | $175,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,709,465,484 | BOYAmt |
| EOY | $14,566,792,296 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,070,852,001 | BOYAmt |
| EOY | $16,120,234,324 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,144,049,943 | BOYAmt |
| EOY | $1,283,442,600 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,144,049,943 | BOYAmt |
| EOY | $1,283,442,600 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,214,901,944 | BOYAmt |
| EOY | $17,403,676,924 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $134,587,818 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $55,804,839 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$51,000,000 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,238,366 | OtherCostOrOtherBasisAmt |
| Book Value | $38,238,366 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $190,718,154 | OtherCostOrOtherBasisAmt |
| Depreciation | $80,008,237 | DepreciationAmt |
| Book Value | $110,709,917 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,333,403 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,699,311 | DepreciationAmt |
| Book Value | $1,634,092 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $108,155,910 | OtherCostOrOtherBasisAmt |
| Depreciation | $80,392,448 | DepreciationAmt |
| Book Value | $27,763,462 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $178,345,837 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER DEPOSITS | $14,545,370,764 |
| DIVIDENDS PAYABLE | $2,979,838 |
| OTHER LIABILITIES | $18,441,694 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $14,566,792,296 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION OR HAVE MORTGAGES SERVICED BY THE CREDIT UNION. |
| PART X, LINE 2: | INCOME TAXES THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14). ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN MADE. THE CREDIT UNION ALSO WHOLLY OWNS MEMBERS TITLE AGENCY, LLC; MEMBERS INSURANCE CENTER, LLC; AND SUNCOAST REALTY SOLUTIONS, LLC (AND ITS WHOLLY-OWNED SUBSIDIARY SUNCOAST REALTY SOLUTIONS REFERRAL, LLC). UNDER CURRENT INTERNAL REVENUE SERVICE (IRS) REGULATIONS, THE INCOME OF THE LLC ACCRUES TO THE OWNER, SUNCOAST CREDIT UNION, AND IS THEREFORE NOT SUBJECT TO INCOME TAX. HOWEVER, WITH THE CONVERSION TO STATE CHARTER FROM FEDERAL CHARTER EFFECTIVE DECEMBER 31, 2013, THE CREDIT UNION IS SUBJECT TO THE PROVISIONS OF THE FEDERAL INCOME TAX CODE AND THE STATE OF FLORIDA'S DEPARTMENT OF REVENUE RELATED TO UNRELATED BUSINESS INCOME TAX. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. SUCH TAX POSITIONS INITIALLY AND SUBSEQUENTLY NEED TO BE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE TAX AUTHORITY ASSUMING FULL KNOWLEDGE OF THE POSITION AND RELEVANT FACTS. AS OF DECEMBER 31, 2023 AND 2022, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| NATIONAL CREDIT UNION FOUNDATION | ||||||||
| 5710 MINERAL POINT ROAD | MADISON | WI | 53705 | 391383650 | 501(C)(3) | $132,478 | $0 | TO FUND PROGRAMS THAT HELP IMPROVE CONSUMER'S FINANCIAL LIVES & SUNCOAST GAC ATTENDEES ATTENDED DINNER TO SUPPORT HERB WAGNER AWARD WINNERS |
| SUNCOAST CU FOUNDATION | ||||||||
| 6801 E HILLSBOROUGH AVE | TAMPA | FL | 33610 | 593037324 | 501(C)(3) | $243,957 | $0 | FUNDING EDUCATION & MEDICAL NEEDS OF CHILDREN IN FLORIDA |
| TAMPA BAY AREA CREDIT UNION FOR KIDS INC | ||||||||
| 6801 E HILLSBOROUGH AVE | TAMPA | FL | 33610 | 203068168 | 501(C)(3) | $49,868 | $0 | TO RAISE FUNDS FOR THE AUTISM CENTER AT ALL CHILDREN'S HOSPITAL |
| LEAGUE OF SOUTHEASTERN CU | ||||||||
| 3692 COOLIDGE COURT | TALLAHASSEE | FL | 32311 | 592252733 | 501(C)(3) | $118,159 | $0 | TO PROVIDE ASSISTANCE TO SMALLER CREDIT UNIONS |
| WORLD WIDE FOUNDATION FOR CU | ||||||||
| PO BOX 2982 | MADISON | WI | 53701 | 396093210 | 501(C)(3) | $15,000 | $0 | TO CREATE LONG LASTING OPPORTUNITIES FOR THE WORLD'S WORKING POOR |
| TAMPA BAY ECONOMIC PROSPERITY FOUNDATION | ||||||||
| 101 E KENNEDY BLVD STE 1750 | TAMPA | FL | 33602 | 832026345 | 501(C)(3) | $50,000 | $0 | TO ASSIST ECONOMICALLY DISTRESSED COMMUNITIES IN HILLSBOROUGH COUNTY |
| CU AWARENESS LLC | ||||||||
| 5710 MINERAL POINT ROAD | MADISON | WI | 53705 | 842635576 | 501(C)(6) | $85,000 | $0 | TO PROVIDE ASSISTANCE TO CREDIT UNIONS TO GET THE ATTENTION AND CONSIDERATION THEY DESERVE. |
| CREDIT UNION NATIONAL ASSOCIATION | ||||||||
| 5710 MINERAL POINT ROAD | MADISON | WI | 53705 | 237065623 | 501(C)(3) | $15,000 | $0 | TO PROVIDE ASSISTANCE TO CREDIT UNIONS THROUGH ISSUE ADVOCACY |
| ARBOR DAY FOUNDATION | ||||||||
| 211 N 12TH ST | LINCOLN | NE | 68505 | 237169265 | 501(C)(3) | $25,000 | $0 | TO INSPIRE PEOPLE TO PLANT, CELEBRATE AND NURTURE STRESS |
| HILLSBOROUGH ORGANIZATION FOR PROGRESS AND EQUALITY | ||||||||
| 5103 N CENTRAL AVE | TAMPA | FL | 33603 | 592914463 | 501(C)(3) | $10,000 | $0 | TO PROVIDE ASSISTANCE TO EDUCATE CONSUMERS ON AFFORDABLE HOUSING, ACCESS TO MENTAL HEALTH, REDUCE ARRESTS OF CHILDREN AND ENVIRONMENTAL SUSTAINABILITY TO LOW INCOME FAMILIES |
| ALL HANDS AND HEARTS SMART RESPONSE INC | ||||||||
| 6 COUNTY ROAD STE 6 | MATTAPOSIETT | MA | 02379 | 203414952 | 501(C)(3) | $10,000 | $0 | TO PROVIDE ASSISTANCE TO THE COMMUNITY FOR NATURAL DISASTERS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 10 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | CONTRIBUTIONS ARE CHARITABLE IN NATURE, NOT GRANTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEVIN JOHNSON | ||||||||||||||
| PRESIDENT/CEO | $742,722 | $0 | $169,102 | $0 | $66,620 | $0 | $24,280 | $0 | $28,895 | $0 | $1,031,619 | $0 | $0 | $0 |
| DARLENE JOHNSON | ||||||||||||||
| EVP CGO | $405,788 | $0 | $89,265 | $0 | $83,491 | $0 | $20,203 | $0 | $30,439 | $0 | $629,186 | $0 | $0 | $0 |
| JULIE A RENDEROS | ||||||||||||||
| EVP/CFO | $427,498 | $0 | $95,148 | $0 | $27,339 | $0 | $17,314 | $0 | $25,121 | $0 | $592,420 | $0 | $0 | $0 |
| OKSANA SHERMAN | ||||||||||||||
| RETAIL MLO | $26,944 | $0 | $0 | $0 | $427,708 | $0 | $12,056 | $0 | $30,655 | $0 | $497,363 | $0 | $0 | $0 |
| MELVA MCKAY-BASS | ||||||||||||||
| SVP CHIEF BUS DEV OFFICER | $306,979 | $0 | $68,909 | $0 | $9,923 | $0 | $22,656 | $0 | $36,426 | $0 | $444,893 | $0 | $0 | $0 |
| JACQULYNE GILBERT | ||||||||||||||
| SVP CRO | $312,313 | $0 | $67,908 | $0 | $20,104 | $0 | $12,004 | $0 | $10,419 | $0 | $422,748 | $0 | $0 | $0 |
| AILEEN RODRIGUEZ | ||||||||||||||
| RETAIL MLO | $29,056 | $0 | $0 | $0 | $359,231 | $0 | $13,845 | $0 | $20,404 | $0 | $422,536 | $0 | $0 | $0 |
| MICHAEL PARKS | ||||||||||||||
| SVP CIO | $290,308 | $0 | $62,448 | $0 | $20,383 | $0 | $17,439 | $0 | $30,834 | $0 | $421,412 | $0 | $0 | $0 |
| CAROLYN BARE | ||||||||||||||
| WEALTH ADVISOR | $88,747 | $0 | $219,681 | $0 | $2,683 | $0 | $18,911 | $0 | $18,425 | $0 | $348,447 | $0 | $0 | $0 |
| JENNIFER M BOLIVAR | ||||||||||||||
| SVP SERVICE CENTER OPERATIONS | $245,870 | $0 | $53,545 | $0 | $9,237 | $0 | $13,238 | $0 | $18,336 | $0 | $340,226 | $0 | $0 | $0 |
| KAREN KOUNDOURAKIS | ||||||||||||||
| SVP MEMBER EXP | $251,581 | $0 | $54,917 | $0 | $13,003 | $0 | $13,922 | $0 | $949 | $0 | $334,372 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TRAVEL FOR COMPANIONS AND SPOUSES: INCLUDES SPOUSE TRAVEL FOR BOARD OF DIRECTORS MEMBERS AND EXECUTIVE LEVEL EMPLOYEES; ALL OF WHICH IS TAXABLE COMPENSATION. |
| PART I, LINE 4B | 457(B) NON-QUALIFIED DEFERRED-COMPENSATION PLAN - SUNCOAST CREDIT UNION ALLOWS ELIGIBLE HIGHLY COMPENSATED EMPLOYEES TO DEFER A SPECIFIC AMOUNT OF EARNED AND PAID WAGES; ALL OF WHICH IS UNDER PRE-TAX INCOME FOR INVESTMENT TOWARDS RETIREMENT. PARTICIPATING EMPLOYEES DO NOT PAY CURRENT FEDERAL INCOME TAXES ON THE AMOUNTS DEFERRED. THE DEFERRED AMOUNTS, PLUS EARNINGS, ARE PAID TO THE EXECUTIVE AT A LATER DATE, USUALLY WHEN THEY RETIRE AND ARE POSSIBLY IN A LOWER TAX BRACKET. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS BENEFIT PLAN AT THIS TIME. THE EMPLOYER OWNS THE FUNDING ACCOUNT WITH AN AGREEMENT TO PAY THE PROCEEDS TO THE EMPLOYEE WHEN THEY LEAVE THE COMPANY. PARTICIPANTS ARE 100% VESTED AT ALL TIMES. THE AGGREGATE BENEFIT PAYABLE TO ALL PARTICIPATING EMPLOYEES APPROXIMATED $2,219,00 AS OF DECEMBER 31, 2023. PARTICIPANTS INCLUDED KEVIN JOHNSON (CEO) AND JULIE RENDEROS (CFO). COLLATERAL ASSIGNMENT SPLIT DOLLAR AGREEMENT - THE CREDIT UNION ESTABLISHED POST-RETIREMENT BENEFIT PLANS FOR THE CEO, EVP/CFO, AND EVP/CGO KNOWN AS COLLATERAL ASSIGNMENT SPLIT DOLLAR AGREEMENTS. TO FACILITATE THE BENEFIT PLAN, THE CREDIT UNION ISSUED EACH EXECUTIVE A PROMISSORY NOTE FOR THE PURPOSE OF PURCHASING TWO LIFE INSURANCE POLICIES. THE PURPOSE OF THE FIRST POLICY IS TO REPAY THE EXECUTIVE'S LOAN BALANCE, PLUS ACCRUED INTEREST, UPON EACH EXECUTIVE'S DEATH. THE SECOND POLICY PROVIDES FOR FUTURE POLICY LOANS AND DEATH BENEFIT PROTECTION FOR THE EXECUTIVES. THAT IS, PER THE CONTRACTUAL AGREEMENT, THE EXECUTIVES MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE BENEFIT POLICY TO SUPPLEMENT RETIREMENT INCOME. THE AGGREGATE OUTSTANDING LOANS RECEIVABLE APPROXIMATED $24,042,000 AS OF DECEMBER 31, 2023. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| KEVIN JOHNSON | |||||||
| CEO | TO FUND LIFE INSURANCE PREMIUMS ASSOCIATED WITH CASD | Yes (X) | $14,200,000 | $15,937,921 | 0 | Yes (1) | Yes (1) |
| JULIE RENDEROS | |||||||
| EVP/CFO | TO FUND LIFE INSURANCE PREMIUMS ASSOCIATED WITH CASD | Yes (X) | $3,304,562 | $3,434,185 | 0 | Yes (1) | Yes (1) |
| DARLENE JOHNSON | |||||||
| EVP/CGO | TO FUND LIFE INSURANCE PREMIUMS ASSOCIATED WITH CASD | Yes (X) | $4,600,000 | $4,669,818 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $24,041,924 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION IS OWNED BY ITS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS HAVE THE RIGHT TO VOTE TO ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | A VOTE BY THE MEMBERS IS REQUIRED FOR CHANGES TO THE CREDIT UNION'S CHARTER. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY SENIOR STAFF AND BY THE BOARD OF DIRECTORS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS DISCLOSES ANNUALLY ANY INTERESTS THAT COULD BE CONSIDERED CONFLICTS AND ARE REQUIRED TO MAKE UPDATES IF THERE ARE ANY CHANGES TO THE ANNUAL STATEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | A COMPARATIVE REVIEW OF THE CEO'S SALARY IS PERFORMED USING THE CUNA CEO SALARY SURVEY AND MCLAGAN SALARY SURVEY DATA AND IS THEN REVIEWED AND APPROVED BY THE SUNCOAST EXECUTIVE BOARD AND FULL BOARD. THE CEO APPROVES ALL OFFICERS AND KEY EMPLOYEE SALARIES. COMPARABLE SALARY DATA FOR EMPLOYEES IS PROVIDED BY PAYFACTORS AND MCLAGAN SALARY SURVEY DATA AND IS REVIEWED BY SENIOR STAFF. MERIT INCREASES ARE BASED ON PERFORMANCE RATINGS. MARKET SALARY ADJUSTMENTS ARE BASED ON MARKET CONDITIONS, USING COMPA RATIO, TIME WITH SUNCOAST CREDIT UNION AND TIME IN THE ROLE. |
| FORM 990, PART VI, SECTION C, LINE 18 | FORM 990 IS AVAILABLE THROUGH PUBLIC WEBSITES SUCH AS GUIDESTAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE UPDATED MONTHLY AND DISPLAYED ON THE LOBBY MONITORS IN ALL BRANCHES, WITH AN ANNUAL REPORT AVAILABLE AT THE ANNUAL MEMBER MEETING AND ON THE SUNCOAST CREDIT UNION WEBSITE. QUARTERLY FINANCIAL DATA IS ALSO AVAILABLE ON THE NCUA'S WEBSITE. THE ORGANIZATION DOES NOT DISCLOSE THEIR GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY. |
| FORM 990, PART IX, LINE 24E | CREDIT CARD & REWARD FEES 15,370,168. ATM FEES 5,974,914. MORTGAGE FEES 3,079,523. MISC EXPENSE 213,425. |
| FORM 990, PART XI, LINE 9: | CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -51,000,000. |
| FORM 990, PART XII, LINE 2C | THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| MEMBERS TITLE AGENCY LLC | |||||||||
| 6810 E HILLSBOROUGH AVE | TAMPA | FL | 33610 | 593673450 | TITLE INSURANCE | FL | $1,836,461 | $24,695,515 | SUNCOAST CREDIT UNION |
| MEMBERS INSURANCE CENTER LLC | |||||||||
| 6810 E HILLSBOROUGH AVE | TAMPA | FL | 33610 | 201399753 | INSURANCE | FL | $14,628,613 | $86,831,795 | SUNCOAST CREDIT UNION |
| SUNCOAST REALTY SOLUTION LLC | |||||||||
| 6810 E HILLSBOROUGH AVE | TAMPA | FL | 33610 | 475609072 | REAL ESTATE | FL | $342,994 | $754,252 | SUNCOAST CREDIT UNION |
| SUNCOAST REALTY SOLUTIONS REFERRAL LLC | |||||||||
| 6810 E HILLSBOROUGH AVE | TAMPA | FL | 33610 | 831075751 | REAL ESTATE REFFERRAL SERVICE | FL | $1,262 | $10,787 | SUNCOAST CREDIT UNION |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNCOAST CREDIT UNION FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6801 E HILLSBOROUGH AVE | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 593037324 | EIN |
| Primary Activities | FUNDRAISING, CHARITABLE CONTRIBUTIONS, AND AWARDING SCHOARSHIPS | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNCOAST CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SUNCOAST CREDIT UNION FOUNDATION | ||
| B | $243,957 | ACTUAL CASH CONTRIBUTION |
| SUNCOAST CREDIT UNION FOUNDATION | ||
| O | $174,550 | ACTUAL COMPENSATION |
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