2024-11-13T14:15:44-06:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 591517872 ORLANDO CREDIT UNION ORLA 4078353500 945 S ORANGE AVE ORLANDO FL 32806 SUZANNE WEINSTEIN PRESIDENT & CEO 4078353510 2024-11-11 1 0 JOHN J MURNANE JR P03021572 3052328272 2024-11-11 2023 2024-10-15 13:58:12Z SUZANNE WEINSTEIN 945 S ORANGE AVE ORLANDO FL 32806 22035842 0 2106 X ORLANDOCREDITUNION.ORG X 1936 FL ORLANDO CREDIT UNION WAS FOUNDED ON THE UNIVERSAL CREDIT UNION CREED OF NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE." IT'S WHY OVER 26,000 MEMBERS TURN TO US STILL, MORE THAN 80 YEARS AFTER WE WERE FOUNDED. 7 7 112 10 84204 0 0 5000 12567002 21246724 989117 784118 0 0 13556119 22035842 0 4000 0 0 7488695 7834661 0 0 0 7117847 9555855 14606542 17394516 -1050423 4641326 320134745 332163820 304831351 311947116 15303394 20216704 ORLANDO CREDIT UNION WAS FOUNDED ON THE UNIVERSAL CREDIT UNION CREED OF NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE." IT'S WHY OVER 26,000 MEMBERS TURN TO US STILL, MORE THAN 80 YEARS AFTER WE WERE FOUNDED. 0 0 INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3545 0 1 112 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X JOHANNA ARROYO-CRUZ CONTROLLER 4078353541 945 S ORANGE AVE ORLANDO FL 32806 FJ FLYNN BOARD OF DIRECTORS- VICE CHAIR 0.50 X 0 0 0 GRACE CHEWNING BOARD OF DIRECTORS-TREASURER 0.50 X 0 0 0 ANDREW DILORETO BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 LAWRENCE STRAWN BOARD OF DIRECTORS-SECRETARY 0.50 X 0 0 0 CHRIS MCCULLION BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 MARIA NEFF CAULDER BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 VINCE PRESTON BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 SUZANNE WEINSTEIN PRESIDENT/CEO 50.00 X 399823 0 321445 THOMAS DOBBS CFO 50.00 X 204796 0 60493 CLINT JONES COO 50.00 X 141333 0 27596 BRETT CHILDERS VP OF COMMERCIAL LOAN OFFICER 50.00 X 197744 0 64565 VICTOR GONZALEZ VP OF INFORMATION SYSTEMS 50.00 X 164236 0 67285 TIM CAHILL COMMERCIAL LOAN OFFICER 50.00 X 172097 0 30420 DAVID DUNCAN VP OF MARKETING 50.00 X 165881 0 23367 JACQUELINE RAY VP OF MEMBER EXPERIENCE 50.00 X 126310 0 36304 1572220 0 631475 9 0 1 0 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 ATM/DEBIT/CREDIT CARD SERVICES 545960 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 SOFTWARE COMPANY 459548 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL TECHNOLOGY SERVICES 419045 BUSINESS ALLIANCE FINANCIAL SERVICES LL 1500 N 19TH ST SUITE 600 MONROE LA 71201 COMMERICAL LENDING SERVICES 318656 CATHEDRAL 632 ELLSWORTH RD ROME NY 13441 STATEMENTS PRINTING/MAILING SERVICES 218622 8 5000 5000 LOAN INCOME 522100 13994443 13994443 OTHER INCOME 522100 6043330 6043330 FEES AND CHARGES 522100 1124747 1124747 FINANCE AND INSURANCE 520000 84204 84204 21246724 784118 784118 22035842 21946638 84204 0 X 4000 1155486 5138104 276663 805154 459254 237455 76303 441781 316911 461391 1515823 545684 60890 1796330 446967 111176 PROVISION LOAN LOSS 919604 DEBIT CARD 856647 LOAN SERVICING 686899 CREDIT CARD 406156 675838 17394516 4688232 4090146 11264170 778429 514070 55437 238077656 263048911 599333 667217 15872151 5171459 10994522 10700692 39481569 37251188 3307000 3850300 11208193 11721500 320134745 332163820 3797329 4904237 25000000 301034022 282042879 304831351 311947116 X 0 0 0 0 15303394 20216704 15303394 20216704 320134745 332163820 X 4641326 1107103 -835119 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5233083 5233083 6915053 1907958 5007095 275569 275569 0 3448446 2987932 460514 10700692 SAVINGS 116018213 SHARE DRAFT 65345953 SHARE CERTIFICATES 42449249 IRA SHARES 7265654 IRA CERTIFICATES 2632050 MONEY MARKET 47997116 ESCROW 334644 282042879 X 22035842 0 22035842 0 22035842 17394516 0 17394516 0 17394516 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. X X X 0 1 0 SUZANNE WEINSTEIN PRESIDENT/CEO 356848 0 36260 0 6715 0 304834 0 16611 0 721268 0 0 0 THOMAS DOBBS CFO 197671 0 7125 0 0 0 38433 0 22060 0 265289 0 0 0 BRETT CHILDERS VP OF COMMERCIAL LOAN OFFICER 129483 0 68261 0 0 0 34728 0 29837 0 262309 0 0 0 VICTOR GONZALEZ VP OF INFORMATION SYSTEMS 161885 0 2351 0 0 0 37309 0 29976 0 231521 0 0 0 TIM CAHILL COMMERCIAL LOAN OFFICER 101846 0 70251 0 0 0 23672 0 6748 0 202517 0 0 0 DAVID DUNCAN VP OF MARKETING 165881 0 0 0 0 0 13992 0 9375 0 189248 0 0 0 CLINT JONES COO 140021 0 1312 0 0 0 5108 0 22488 0 168929 0 0 0 JACQUELINE RAY VP OF MEMBER EXPERIENCE 123006 0 3304 0 0 0 26275 0 10029 0 162614 0 0 0 PART I, LINE 4B THE CEO, SUZANNE WEINSTEIN, PARTICIPATES IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. THE CREDIT UNION ACCRUED APPROXIMATELY $241,000 TOWARD THIS BENEFIT DURING THE YEAR ENDED DECEMBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CEO & CONTROLLER WILL REVIEW THE FORM 990 FOR ACCURACY AS COMPARED TO THEIR AVAILABLE SUPPORTING DOCUMENTS. HOWEVER, THEY ARE NOT TAX EXPERTS SO THERE IS A HEAVY RELIANCE ON THE PREPARING PARTY. FORM 990, PART VI, SECTION B, LINE 12C A RELATED PARTY & CODE OF BUSINESS ETHICS FORM IS EMAILED OUT ANNUALLY BY THE HUMAN RESOURCES DEPARTMENT. THEY FOLLOW UP TO ENSURE ALL FORMS ARE SIGNED AND RETURNED. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE IN THE FORM OF THE QUARTERLY CALL REPORT ON NCUA.GOV. FORM 990, PART IX, LINE 24E SHARE LOSSES 245,125. HUMAN RESOURCES 119,367. SHARED BRANCHING 83,841. NCUA OPERATING FEE 75,811. ASSOCIATION DUES 61,698. CHECKING 49,197. MISCELLANEOUS 38,627. CASH OVER AND SHORT 2,172. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -835,119. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.