2021-11-10T11:11:02-06:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 590687423 FIRST COMMERCE CREDIT UNION FIRS 8504880035 2073 SUMMIT LAKE DRIVE NO 100 TALLAHASSEE FL 32317 DENNIS G ADAMS EVP/CFO 8005335772 2021-11-09 1 DENNIS ADAMS 999009999 DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CECILIA HOMISON 2073 SUMMIT LAKE DRIVE SUITE 100 TALLAHASSEE FL 32317 49455407 0 2106 X WWW.FIRSTCOMMERCECU.ORG X 1940 FL TO PROVIDE SERVICES AND EDUCATION TO MEMBERS IN THE FRAMEWORK OF A FINANCIAL COOPERATIVE. 7 7 294 12 208438 0 0 0 34176769 46175595 2523374 1020882 2913466 649315 39613609 47845792 75000 0 0 0 11593433 15973518 0 0 0 23686594 28755396 35355027 44728914 4258582 3116878 615519411 919350223 540670655 841159673 74848756 78190550 TO BE OUR MEMBERS' FINANCIAL PARTNERS FOR LIFE. 0 0 TALLAHASSEE'S #1 AUTO LENDING PROGRAM FOR OVER A DECADE. FIRST COMMERCE HAS EARNED THE TITLE OF TALLAHASSEE'S NUMBER ONE AUTO LENDER YEAR AFTER YEAR. THIS TITLE HAS BEEN CONSISTENTLY EARNED BECAUSE THE CREDIT UNION OFFERS A RANGE OF AUTO LOAN CHOICES FOR ALMOST EVERY BUDGET AND CREDIT LEVEL. FIRST COMMERCE'S FLEXIBLE TERMS AND COMPETITIVE RATES ALLOW MEMBERS TO PURCHASE THE VEHICLE THEY NEED AT A MONTHLY PAYMENT THEY CAN AFFORD. FCCU OFFERS A FULL RANGE OF FINANCIAL PRODUCTS FOR BUSINESSES. THEY INCLUDE LENDING FOR OPERATING EXPENSES, EQUIPMENT, INVENTORY, REAL ESTATE, AND OTHER NEEDS AS WELL AS BUSINESS CREDIT CARD OFFERINGS. DEPOSIT PRODUCTS FROM BASIC BUSINESS CHECKING TO A FULL SUITE OF TREASURY SERVICES ARE ALSO AVAILABLE. FCCU INCORPORATES INTEREST BEARING ACCOUNTS, TIME DEPOSITS, FUNDS TRANSFER, AND DIGITAL AND REMOTE BUSINESS SERVICES. FIRST COMMERCE CREDIT UNION OFFERS A WIDE ARRAY OF ELECTRONIC SERVICES TO MEMBERS. ALMOST 34,000 MEMBERS UTILIZE DIGITAL BANKING TO KEEP TRACK OF THEIR ACCOUNTS, MAKE TRANSFERS, MAKE MOBILE DEPOSITS AND PAY BILLS. FCCU'S BILL PAY OFFERS SAME DAY BILL PAY AND OVERNIGHT CHECK OPTIONS TO PROVIDE MEMBERS FLEXIBILITY IN HOW THEY MAKE THEIR PAYMENTS. PERSON-TO-PERSON PAYMENTS AND ACCOUNT-TO-ACCOUNT TRANSFERS PROVIDE MEMBERS CONVENIENT OPTIONS IN MOVING THEIR FUNDS. OVER HALF OF OUR ACTIVE ONLINE BANKING USERS HAVE ENROLLED IN MOBILE BANKING. FCCU PRESENTS MEMBERS AND NON-MEMBERS WITH ONLINE OPTIONS TO OPEN AN ACCOUNT; APPLY FOR AUTO OR PERSONAL LOANS; AND APPLY FOR A MORTGAGE. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 14051 0 1 294 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 1 0 X WILMA WOOTEN CONTROLLER 8504103563 2073 SUMMIT LAKE DRIVE SUITE 100 TALLAHASSEE FL 32317 JERRY OSTERYOUNG BOD DIRECTOR 1.00 X 0 0 0 MICHAEL GOMEZ BOD DIRECTOR 1.00 X 0 0 0 ALAN NEUBAUER BOD CHAIRMAN 1.00 X 0 0 0 CANITA PETERSON BOD VICE CHAIRPERSON 1.00 X 0 0 0 KATHY ARRANT BOD TREASURER 1.00 X 0 0 0 JOHN GRAYSON BOD SECRETARY 1.00 X 0 0 0 CASEY STOUTAMIRE BOD DIRECTOR 1.00 X 0 0 0 CECILIA D HOMISON CEO 40.00 X 492601 0 45538 DENNIS G ADAMS EVP/CFO 40.00 X 278183 0 27311 MARY B ESTES EXECUTIVE VICE PRESIDENT 40.00 X 382747 0 33909 DONALD PEAKS CHIEF LENDING & WEALTH OFFICER 40.00 X 221738 0 28973 KIMBERLY S HOWES COO 40.00 X 190816 0 14452 WILMA WOOTEN CONTROLLER 40.00 X 157216 0 11618 STEPHEN PARKER MORTGAGE LOAN ORIGINATOR 40.00 X 324898 0 20183 BARBARA WILLIAMS-ANDERSON MORTGAGE LOAN ORIGINATOR 40.00 X 315948 0 18474 HOWARD STEVEN PERRY REGIONAL PRESIDENT 40.00 X 219856 0 25163 WILLIAM CAVANAUGH PERRY VP OF LEGAL 40.00 X 164502 0 17094 2748505 0 242715 20 0 1 0 FISERV PO BOX 745148 ATLANTA GA 303745148 DEBIT CARD PROCESSOR/DRIVE ATMS 974432 NCR CORPORATION 14181 COLLECTIONS CTR DR CHICAGO IL 60693 TECHNOLOGY SERVICESPROVIDER OF ITM/ATMS 827825 Q2 SOFTWARE INC P O BOX 205970 DALLAS TX 75320 ONLINE BANKING PROVIDER 713128 SOUTHERN FINANCIAL SYSTEMS LLC PO BOX 615 LAKELAND GA 31635 CORE SYSTEM FOR ACQUIRED BANK 630532 IBT APPS 1500 ARROW POINT DR 801 CEDAR PARK TX 78613 TELLER PLATFORM FOR ACQUIRED BANK 548000 24 LOANS TO MEMBERS 522100 30108974 30108974 FEES, CHARGES, & OTHER 522100 15858183 15858183 FINANCE & INSURANCE 520000 208438 208438 46175595 1460839 1460839 649315 0 649315 649315 649315 1169658 1609615 -439957 -439957 -439957 47845792 47637354 208438 0 X 1716268 10767384 736671 1900504 852691 1050187 397092 248158 1225022 906036 2448978 491022 1134176 60876 32283 4766704 80885 2508694 249488 PROVISION FOR LOAN LOSS 5001302 DEBIT CARD FEES AND REB 2590782 LOAN SERVICING 2194251 MAINTENANCE/RENTAL/REPA 1876838 1492622 44728914 9654262 29202372 84541652 156707175 441275 22648404 1834487 1971293 433550764 595447633 1536565 1705639 61805992 23146196 35567297 38659796 33832410 44097537 1935660 1016247 12625039 27894127 615519411 919350223 7653021 11668542 312051 366867 28583333 6640476 504122250 822483788 540670655 841159673 X 0 0 0 0 74848756 78190550 74848756 78190550 615519411 919350223 3116878 224916 0 X X 0 1 X 1 0 13000 13000 13000 1 CREDIT UNION POLITICAL ACTION COUNCIL (CUPAC) 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 12000 CAROLYN CUMMINGS COUNTY COMMISSIONER 462 W BREVARD ST TALLAHASSEE FL 32301 851114840 500 JEFF HENDRY COUNTY COMMISSIONER 1400 VILLAGE SQUARE BLVD SUITE 3- TALLAHASSEE FL 32312 250 CURTIS RICHARDSON CITY COMMISSIONER PO BOX 665 TALLAHASSEE FL 32302 250 PART I-A, LINE 1: CONTRIBUTED CREDIT UNION FUNDS TO THE FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE. 0 1 X 9442125 9442125 38812959 12194695 26618264 931290 906874 24416 12619618 10044627 2574991 38659796 SHARE DRAFTS 277127897 SHARES 175707908 MONEY MARKET 118316230 IRA SHARES 14241868 CERTIFICATES 237089885 822483788 X 47845792 0 47845792 0 47845792 44728914 0 44728914 0 44728914 PART IV, LINE 2B: AS A LOAN SERVICER, THE CREDIT UNION RECEIVES PRINCIPAL PAYMENTS, INTEREST PAYMENTS, TAX PAYMENTS AND INSURANCE PAYMENTS AND THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS. 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 1 1 X X X 0 1 0 CECILIA D HOMISON CEO 365420 0 84000 0 43181 0 19950 0 25588 0 538139 0 0 0 MARY B ESTES EXECUTIVE VICE PRESIDENT 224644 0 33000 0 125103 0 19950 0 13959 0 416656 0 0 0 STEPHEN PARKER MORTGAGE LOAN ORIGINATOR 42439 0 281735 0 724 0 19950 0 233 0 345081 0 0 0 BARBARA WILLIAMS-ANDERSON MORTGAGE LOAN ORIGINATOR 61452 0 252140 0 2356 0 6468 0 12006 0 334422 0 0 0 DENNIS G ADAMS EVP/CFO 221272 0 30566 0 26345 0 19267 0 8044 0 305494 0 0 0 DONALD PEAKS CHIEF LENDING & WEALTH OFFICER 195850 0 25085 0 803 0 15050 0 13923 0 250711 0 0 0 HOWARD STEVEN PERRY REGIONAL PRESIDENT 205891 0 0 0 13965 0 14861 0 10302 0 245019 0 0 0 KIMBERLY S HOWES COO 160257 0 22715 0 7844 0 5717 0 8735 0 205268 0 0 0 WILLIAM CAVANAUGH PERRY VP OF LEGAL 137912 0 20000 0 6590 0 5245 0 11849 0 181596 0 0 0 WILMA WOOTEN CONTROLLER 130414 0 10000 0 16802 0 10857 0 761 0 168834 0 0 0 PART I, LINE 4B CECILIA HOMISON PARTICIPATES IN A SECURED SPLIT DOLLAR PROGRAM WHEREBY FCCU LOANS THE OFFICER FUNDS FOR THE PURCHASE OF TWO LIFE INSURANCE POLICIES. THE FIRST POLICY IS KNOWN AS THE REPAYMENT POLICY AND IS SPECIFICALLY DESIGNED TO REPAY THE CREDIT UNION THE AMOUNT OF THE LOAN PLUS INTEREST UPON THE DEATH OF THE INSURED. THE SECOND POLICY IS THE ACCUMULATION POLICY AND IT IS DESIGNED TO PROVIDE FOR FUTURE POLICY LOANS AND DEATH BENEFIT PROTECTION FOR THE OFFICER. CECILIA D HOMISON CEO LIFE INSURANCE FUNDING X 1524027 1971293 0 1 1 1971293 SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. 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 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 THE MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING DEPARTMENT DOES VERIFY AND TIE OUT THE FIGURES TO THE FINANCIAL STATEMENTS. THE REPORT IS REVIEWED BY THE CONTROLLER AND THE EVP/CFO. FORM 990, PART VI, SECTION B, LINE 12C THE EXTERNAL AUDITORS PERFORM AN AUDIT OF EMPLOYEE ACCOUNTS AND THEIR RESPECTIVE FINANCIAL AND GENERAL LEDGER TRANSACTIONS ON A QUARTERLY BASIS TO MONITOR AND VERIFY THAT THERE ARE NO TRANSACTIONS PERFORMED BY THE EMPLOYEE AND/OR ON THEIR RESPECTIVE ACCOUNT THAT ARE IMPROPER AND/OR CONFLICT WITH THEIR JOB RESPONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 15 A MINIMUM OF ONCE A YEAR, COMPARABLE COMPENSATION DATA IS RESEARCHED USING MULTIPLE RESOURCES INCLUDING COMPDATASURVEYS (BANKING AND FINANCE), CUES SURVEYS AND CUNA SURVEYS. USING THE TEN POINT FACTORS, ALL POSITIONS ARE EVALUATED FOR BOTH INTERNAL AND EXTERNAL EQUITY TO DETERMINE THE APPROPRIATE SALARY RANGE. THIS RANGE IS APPROVED BY THE CEO AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 CONFLICTS OF INTEREST POLICIES ARE NOT PUBLICLY PUBLISHED. THE CALL REPORT IS FILED QUARTERLY WHICH IS PUBLIC INFORMATION AND OUR ANNUAL REPORT, WHICH INCLUDES FINANCIAL STATEMENTS, IS AVAILABLE TO ALL MEMBERS. IF REQUESTED, BY-LAWS WOULD BE MADE AVAILABLE FOR VIEWING AT THE ADMINISTRATIVE OFFICES. FORM 990, PART IX, LINE 11G PROFESSIONAL AND OUTSIDE SERVIES 1,225,022. FORM 990, PART IX, LINE 24E BILL PAY/MOBILE BANKING 793,020. MISCELLANEOUS 229,383. ATM EXPENSES 205,346. EDUCATION/TRAINING 91,552. GOVERNMENT AFFAIRS/EVENTS 88,457. OREO MAINTENANCE 84,864. 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. SIX PILLARS FINANCIAL ADVISORS LLC 2073 SUMMIT LAKE DRIVE SUITE 100 TALLAHASSEE FL 32317 453322731 FINANCIAL ADVISORS FL 515585 201560 FIRST COMMERCE CREDIT UNION 1