SUNCOAST CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SUNCOAST CREDIT UNION (EIN 59-0291451)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-09-27
IRS object ID
202132709349301058
Schema version
2020v4.1
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

FieldValueIRS element (for citing)
Return2021-09-27T15:03:33-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382492570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DOEREN MAYHEWBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1305 WEST BIG BEAVER ROADAddressLine1Txt
CityTROYCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48084ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590291451EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SUNCOAST CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSUNCBusinessNameControlTxt
Phone8009995887PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 11904AddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP336801904ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIE RENDEROSPersonNm
Person TitleEVP/CFOPersonTitleTxt
Phone8009995887PhoneNum
Signature2021-09-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJULIEPersonFirstNm
Person LastRENDEROSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT PARKS CPAPreparerPersonNm
PTINP00740435PTIN
Phone2482443000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerKEVIN JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 11904AddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP336801904ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$564,604,796GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.SUNCOASTCREDITUNION.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1934FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO IMPROVE THE QUALITY OF OUR MEMBERS' LIVES THROUGH STRENGTH, SECURITY, AND INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee2185TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$2,961,797TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$752,844NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$480,661,406PYProgramServiceRevenueAmt
CY Program Service Revenue$519,774,986CYProgramServiceRevenueAmt
PY Investment Income$37,339,199PYInvestmentIncomeAmt
CY Investment Income$20,669,813CYInvestmentIncomeAmt
PY Other Revenue$3,013,774PYOtherRevenueAmt
CY Other Revenue$3,157,332CYOtherRevenueAmt
PY Total Revenue$521,014,379PYTotalRevenueAmt
CY Total Revenue$543,602,131CYTotalRevenueAmt
PY Grants And Similar Paid$509,004PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,048,311CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$127,562,639PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$137,834,205CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$278,371,725PYOtherExpensesAmt
CY Other Expenses$314,918,696CYOtherExpensesAmt
PY Total Expenses$406,443,368PYTotalExpensesAmt
CY Total Expenses$454,801,212CYTotalExpensesAmt
PY Revenues Less Expenses$114,571,011PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$88,800,919CYRevenuesLessExpensesAmt
Total Assets BOY$10,533,714,376TotalAssetsBOYAmt
Total Assets EOY$12,321,280,879TotalAssetsEOYAmt
Total Liabilities BOY$9,545,707,362TotalLiabilitiesBOYAmt
Total Liabilities EOY$11,231,719,614TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$988,007,014NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,089,561,265NetAssetsOrFundBalancesEOYAmt
MissionTHE 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE 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

FieldValueIRS element (for citing)
DescTHE 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

FieldValueIRS element (for citing)
DescSERVICE FEES CHARGED BY THE CREDIT UNION FOR OUR PRODUCTS ARE GENERALLY LOWER THAN OUR LOCAL COMPETITION OR HAVE BEEN ELIMINATED.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document222269IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2185EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JULIE RENDEROS EVPCFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8009995887PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 11904AddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP336801904ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ANTHONY SACHEL
DIRECTOR2.00Yes (X)$1,456$0$0
ZAMIR L ODE
CHAIR OF THE BOARD2.00Yes (X)$2,378$0$01.00
JOUNICE NEALY-BROWN
TREASURER OF THE BOARD2.00Yes (X)$0$0$01.00
GARY C GRESHAM
VICE CHAIR OF THE BOARD2.00Yes (X)$1,799$0$01.00
VICTOR ARIAS
DIRECTOR2.00Yes (X)$1,501$0$0
ANDREA FALVEY
SECRETARY OF THE BOARD2.00Yes (X)$0$0$01.00
MILDRED HARVEY
DIRECTOR2.00Yes (X)$1,433$0$0
MARC JOHNSON
DIRECTOR2.00Yes (X)$0$0$0
MANUEL LOPEZ
DIRECTOR2.00Yes (X)$984$0$0
STEPHANIE MATHEWS
DIRECTOR2.00Yes (X)$1,205$0$0
VELIA PEDRERO 010120-082020
DIRECTOR2.00Yes (X)$2,719$0$0
LORRAINE FERNANDEZ 082120-123120
DIRECTOR2.00Yes (X)$1,545$0$0
KEVIN JOHNSON
PRESIDENT/CEO50.00$798,375$0$165,6161.00Yes (X)
JULIE A RENDEROS
EXECUTIVE VP/CFO50.00$385,403$0$94,778Yes (X)
GARY J VIEN
CHIEF ADMINISTRATIVE OFFICER50.00$300,784$0$101,040Yes (X)
VICTORIA LOVETT
CHIEF LENDING OFFICER50.00$322,460$0$80,5871.00Yes (X)
DARLENE JOHNSON
CHIEF OPERATING OFFICER50.00$311,995$0$93,225Yes (X)
MICHAEL PARKS
CHIEF INFORMATION OFFICER50.00$255,144$0$84,085Yes (X)
DONALD D BURT
WEALTH ADVISOR50.00$249,106$0$40,849Yes (X)
MELVA MCKAY-BASS
SVP/BUSINESS DEVELOPMENT50.00$276,081$0$85,961Yes (X)
BENJAMIN FELDER
GENERAL COUNSEL50.00$236,300$0$39,065Yes (X)
OKSANA SHERMAN
RETAIL MORTGAGE LOAN OFFICER50.00$344,891$0$26,485Yes (X)
AILEEN RODRIGUEZ
RETAIL MORTGAGE LOAN OFFICER50.00$240,245$0$30,708Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,735,804TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$842,399TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K118IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TCS CORP
6818 BENJAMIN RDTAMPAFL33634JANITORIAL SERVICES$1,880,735
DENTCO
1161 E CLARK RD SUITES 124-134DEWITTMI48820LAWN MAINTENANCE$827,920
KASS SHULER PA
PO BOX 800TAMPAFL33601LEGAL SERVICE ATTORNEY$815,805
HEPNER ARCHITECTS
601 SOUTH BOULEVARD - SUITE 101TAMPAFL33606ARCHITECTS$453,960
WETHERINGTON HAMILTON & HARRISON PA
812 W DR MLK JR BLVD - SUITE 101TAMPAFL33603COLLECTIONS ATTORNEY$322,667
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K167CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS522100$396,192,668$396,192,668
SERVICE FEES & MISC522100$123,582,318$123,582,318
FieldValueIRS element (for citing)
Total Program Service Revenue$519,774,986TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,230,261TotalRevenueColumnAmt
Exclusion$20,230,261ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$310,199RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$114,664RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$195,535RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$195,535TotalRevenueColumnAmt
Related Or Exempt Func Income$195,535RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$17,284,000SecuritiesAmt
Other$4,043,553OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$17,000,000SecuritiesAmt
Other$3,888,001OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$284,000SecuritiesAmt
Other$155,552OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$439,552TotalRevenueColumnAmt
Related Or Exempt Func Income$439,552RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
UNRELATED BUSINESS INCOME900099$1,664,121$1,664,121
UNRELATED BUSINESS INCOME524298$734,999$734,999
UNRELATED BUSINESS INCOME522292$284,357$284,357

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$278,320TotalRevenueColumnAmt
Unrelated Business Revenue$278,320UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,961,797OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$543,602,131TotalRevenueColumnAmt
Related Or Exempt Func Income$520,410,073RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$2,961,797UnrelatedBusinessRevenueAmt
Exclusion$20,230,261ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,048,311TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,008,512TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$104,782,942TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,635,111TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$16,693,004TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,714,636TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$440,817TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$182,393TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,500TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,376,526TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,298,194TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$14,318,720TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$15,700,676TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$410,136TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$143,551TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$97,612,140TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,743,713TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,770,332TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LOAN LOSS$95,000,000
OTHER EXPENSES$28,972,074
CREDIT CARD & REWARD FE$11,166,842
FRAUD EXPENSE$9,291,994

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$9,487,088TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$454,801,212TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$203,302,611BOYAmt
EOY$272,106,064EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$389,685,985BOYAmt
EOY$898,997,221EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$18,321,417BOYAmt
EOY$10,261,903EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$14,626,468BOYAmt
EOY$15,018,655EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$8,296,822,578BOYAmt
EOY$9,220,864,626EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$22,110,677BOYAmt
EOY$27,097,036EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$315,153,844LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$138,113,618LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$178,774,318BOYAmt
EOY$177,040,226EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,162,150,322BOYAmt
EOY$1,442,352,043EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$118,707,209BOYAmt
EOY$117,963,038EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$4,510,417BOYAmt
EOY$4,385,417EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$124,702,374BOYAmt
EOY$135,194,650EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,533,714,376BOYAmt
EOY$12,321,280,879EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$89,432,146BOYAmt
EOY$99,862,820EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$16,000,967BOYAmt
EOY$15,940,945EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$100,000,000BOYAmt
EOY$100,000,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$400,000BOYAmt
EOY$200,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,339,874,249BOYAmt
EOY$11,015,715,849EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,545,707,362BOYAmt
EOY$11,231,719,614EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$988,007,014BOYAmt
EOY$1,089,561,265EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$988,007,014BOYAmt
EOY$1,089,561,265EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,533,714,376BOYAmt
EOY$12,321,280,879EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$88,800,919ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$7,695,962NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$5,057,370OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,695,767OtherCostOrOtherBasisAmt
Book Value$35,695,767BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$171,645,732OtherCostOrOtherBasisAmt
Depreciation$61,444,845DepreciationAmt
Book Value$110,200,887BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,031,074OtherCostOrOtherBasisAmt
Depreciation$6,801,636DepreciationAmt
Book Value$2,229,438BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$98,781,271OtherCostOrOtherBasisAmt
Depreciation$69,867,137DepreciationAmt
Book Value$28,914,134BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$177,040,226TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
MEMBER DEPOSITS$11,009,921,054
DIVIDENDS PAYABLE$579,523
OTHER LIABILITY$5,215,272
FieldValueIRS element (for citing)
Total Liability$11,015,715,849TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. 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 NOW 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, 2020 AND 2019, 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

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (33 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
NATIONAL CREDIT UNION FOUNDATION
5710 MINERAL POINT ROADMADISONWI53705391383650501(C)(3)$134,210TO 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 AVETAMPAFL33610593037324501(C)(3)$232,419FUNDING EDUCATION & MEDICAL NEEDS OF CHILDREN IN FLORIDA
TAMPA BAY AREA CREDIT UNION FOR KIDS INC
6801 E HILLSBOROUGH AVETAMPAFL33610203068168501(C)(3)$50,000TO RAISE FUNDS FOR THE AUTISM CENTER AT ALL CHILDREN'S HOSPITAL
LEAGUE OF SOUTHEASTERN CU
3692 COOLIDGE COURTTALLAHASSEEFL32311592252733501(C)(3)$83,143TO PROVIDE ASSISTANCE TO SMALLER CREDIT UNIONS
WORLD WIDE FOUNDATION FOR CU
PO BOX 2982MADISONWI53701396093210501(C)(3)$10,000TO CREATE LONG LASTING OPPORTUNITIES FOR THE WORLD'S WORKING POOR
CREDIT UNION NATIONAL ASSOCIATION
PO BOX 860558MINNEAPOLISMN554860558237065623501(C)(6)$500,000AWARENESS INITIATIVE IS TO ASSIST THE COMMUNITY IN MAKING BETTER FINANCIAL DECISIONS.
TAMPA GENERAL HOSPITAL FOUNDATION
1 TAMPA GENERAL CIRCLE ROOMTAMPAFL33606237354477501(C)(3)$100,000COVID RELIEF TO SUPPORT PROGRAMS AND SERVICES AT TGH.
THE CRISIS CENTER OF TAMPA BAY
ONE CRISIS CENTER PLAZATAMPAFL33613591785265501(C)(3)$100,000COVID RELIEF TO ASSIST DOMESTIC VIOLENCE, EMOTIONAL, AND FINANCIAL DISTRESS.
CITY OF TAMPA
306 E JACKSON STREETTAMPAFL33602591101138MUNICIPAL GOVERNMENT$100,000COVID RELIEF TO ASSIST RELIEF TO CITY OF TAMPA RESIDENTS SUCH AS FOOD, MEDICAL AND FINANCIAL HELP.
HARRY CHAPLIN FOOD BANK OF SW FLORIDA
3760 FOWLER STREETFORT MYERSFL33901592332120501(C)(3)$60,000COVID RELIEF FUNDS USED FOR FOOD.
METROPOLITAN MINISTRIES
2002 N FLORIDA AVETAMPAFL33602591477007501(C)(3)$50,000COVID RELIEF FUNDS USED FOR FOOD.
MEALS ON WHEELS OF TAMPA
5320 NORTH BOULEVARDTAMPAFL336031303591679915501(C)(3)$50,000COVID RELIEF FUNDS USED FOR FOOD.
SENIORS IN SERVICE OF TAMPA BAY
1306 W SLIGH AVETAMPAFL33604592422975501(C)(3)$50,000COVID RELIEF USED FOR SENIOR SUPPLIES.
UNITED FOOD BANK & SERVICES OF PLANT CITY
702 E ALSOBROOK STREET SUITE HPLANT CITYFL335636000593069128501(C)(3)$50,000COVID RELIEF FUNDS USED FOR FOOD.
UNITED WAY OF LEE COUNTY INC
7273 CONCOURSE DRIVEFORT MYERSFL33908591005169501(C)(3)$50,000COVID RELIEF ASSIST LEE COUNTY RESIDENTS SUCH AS FOOD, MEDICAL AND FINANCIAL HELP.
MEALS ON WHEELS PLUS OF MANATEE
811 23RD AVENUE EASTBRADENTONFL34208591420986501(C)(3)$50,000COVID RELIEF FUNDS USED FOR FOOD.
FEEDING AMERICA TAMPA BAY
4702 TRANSPORT DR 6TAMPAFL33605592116576501(C)(3)$50,000COVID RELIEF FUNDS USED FOR FOOD.
MEALS OF HOPE
2221 CORPORATION BLVDNAPLESFL34109270268307501(C)(3)$50,000COVID RELIEF FUNDS USED FOR FOOD.
TRI - COUNTY OUTREACH
PO BOX 2194CHIEFLANDFL32644593050402501(C)(3)$25,000COVID RELIEF TO ASSIST COMMUNITY WITH DIFFERENT RECOURSES AND DAILY NEEDS.
NAMI HERNANDO INC
10554 SPRING HILL DRSPRING HILLFL34608592684242501(C)(3)$20,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
THE SPRING OF TAMPA INC
PO BOX 5147TAMPAFL33675591777135501(C)(3)$20,000COVID RELIEF TO ASSIST DOMESTIC VIOLENCE, EMOTIONAL, AND FINANCIAL DISTRESS.
NAMI HILLSBOROUGH INC
PO BOX 17856TAMPAFL33682592865768501(C)(3)$20,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
NAMI PASCO COUNTY INC
PO BOX 412ELFERSFL34680592904264501(C)(3)$20,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
FOOD4KIDS BACKPACK PROGRAM OF NORTH FLORIDA
7257 NW 4TH BLVD SUITE 31GAINESVILLEFL32607452966938501(C)(3)$20,000COVID RELIEF FUNDS USED FOR FOOD.
NAMI LEE COUNTY INC
8191 COLLEGE PARKWAYFORT MYERSFL33919650122844501(C)(3)$20,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
NAMI COLLIER COUNTY INC
6216 TRAIL BOULEVARDNAPLESFL34108650047747501(C)(3)$20,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
NAMI POLK COUNTY
PO BOX 2562EATON PARKFL33840592600811501(C)(3)$15,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
NAMI PINELLAS COUNTY FLORIDA INC
8800 49TH STREET NORTHPINELLAS PARKFL33782592819044501(C)(3)$15,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
NAMI SARASOTA AND MANATEE CO INC
2911 FRUITVILLE RDSARASOTAFL34237592464505501(C)(3)$15,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
COMMUNITY ACTIONS ABUSE INC
PO BOX 414ST PETERSBURGFL33731592114359501(C)(3)$10,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
US INSTITUTE AGAINST HUMAN TRAFFICKING
PO BOX 272463TAMPAFL33688592909861501(C)(3)$10,000TO RAISE FUNDS TO STOP HUMAN TRAFFICKING
NAMI GAINESVILLE INC
PO BOX 358703GAINESVILLEFL32635453612306501(C)(3)$10,000COVID RELIEF FUNDS USED FOR MENTAL HEALTH.
SUNRISE OF PASCO COUNTY INC
12724 SMITH ROADDADE CITYFL33525592284119501(C)(3)$10,000COVID RELIEF TO ASSIST DOMESTIC VIOLENCE, EMOTIONAL, AND FINANCIAL DISTRESS.
FieldValueIRS element (for citing)
Total501c3 Org31Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KEVIN JOHNSON
PRESIDENT/CEO$677,335$0$56,566$0$64,474$0$140,541$0$25,075$0$963,991$0$56,566$0
JULIE A RENDEROS
EXECUTIVE VP/CFO$329,687$0$36,726$0$18,990$0$72,741$0$22,037$0$480,181$0$36,726$0
DARLENE JOHNSON
CHIEF OPERATING OFFICER$276,286$0$25,417$0$10,292$0$67,047$0$26,178$0$405,220$0$25,417$0
VICTORIA LOVETT
CHIEF LENDING OFFICER$282,284$0$28,882$0$11,294$0$69,131$0$11,456$0$403,047$0$28,882$0
GARY J VIEN
CHIEF ADMINISTRATIVE OFFICER$257,768$0$28,599$0$14,417$0$68,244$0$32,796$0$401,824$0$28,599$0
OKSANA SHERMAN
RETAIL MORTGAGE LOAN OFFICER$30,641$0$313,252$0$998$0$11,491$0$14,994$0$371,376$0$0$0
MELVA MCKAY-BASS
SVP/BUSINESS DEVELOPMENT$237,576$0$27,416$0$11,089$0$56,352$0$29,609$0$362,042$0$27,416$0
MICHAEL PARKS
CHIEF INFORMATION OFFICER$228,126$0$16,709$0$10,309$0$57,858$0$26,227$0$339,229$0$0$0
DONALD D BURT
WEALTH ADVISOR$57,176$0$191,171$0$759$0$14,837$0$26,012$0$289,955$0$0$0
BENJAMIN FELDER
GENERAL COUNSEL$207,171$0$19,656$0$9,473$0$13,131$0$25,934$0$275,365$0$0$0
AILEEN RODRIGUEZ
RETAIL MORTGAGE LOAN OFFICER$30,004$0$209,129$0$1,112$0$12,953$0$17,755$0$270,953$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATRAVEL 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 4B457(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 $1,748,000 AS OF DECEMBER 31, 2020. PARTICIPANTS INCLUDED KEVIN JOHNSON (CEO), JULIE RENDEROS (CFO) GARY VIEN (CAO) AND VICTORIA LOVETT (CLO). COLLATERAL ASSIGNMENT SPLIT DOLLAR AGREEMENT - DURING 2019, THE CREDIT UNION ESTABLISHED A POST-RETIREMENT BENEFIT PLAN FOR THE CEO KNOWN AS A COLLATERAL ASSIGNMENT SPLIT DOLLAR AGREEMENT. TO FACILITATE THE BENEFIT PLAN, THE CREDIT UNION ISSUED THE 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 THE EXECUTIVE'S DEATH. THE SECOND POLICY PROVIDES FOR FUTURE POLICY LOANS AND DEATH BENEFIT PROTECTION FOR THE EXECUTIVE. THAT IS, PER THE CONTRACTUAL AGREEMENT, THE EXECUTIVE MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE BENEFIT POLICY TO SUPPLEMENT RETIREMENT INCOME. THE OUTSTANDING LOAN RECEIVABLE APPROXIMATED $15,019,000 AS OF DECEMBER 31, 2020.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonKEVIN JOHNSONPersonNm
Relationship With OrgCHIEF EXECUTIVE OFFICERRelationshipWithOrgTxt
Loan PurposeTO FUND LIFE INSURANCE PREMIUMS ASSOCIATED WITH CASDLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$14,200,000OriginalPrincipalAmt
Balance Due$15,018,655BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$15,018,655TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION IS OWNED BY ITS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7AALL MEMBERS HAVE THE RIGHT TO VOTE TO ELECT THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BA VOTE BY THE MEMBERS IS REQUIRED FOR CHANGES TO THE CREDIT UNION'S CHARTER.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY SENIOR STAFF AND BY THE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CREDIT UNION'S BYLAWS ADDRESS THE PROHIBITION OF CONFLICTS OF INTEREST FOR DIRECTORS, COMMITTEE MEMBERS, OFFICERS, AGENTS, AND EMPLOYEES OF THE CREDIT UNION. BOARD MEMBERS ARE DISQUALIFIED FROM DELIBERATION ON ITEMS IN WHICH THEY HAVE A PERSONAL INTEREST. FURTHER, THE CREDIT UNION HAS A FORMAL VENDOR MANAGEMENT PROGRAM AND POLICY THAT IS MANAGED AND MONITORED BY THE COMPLIANCE VICE PRESIDENT AND PURCHASING DIRECTOR. COMPREHENSIVE DUE DILIGENCE IS PERFORMED WITH EACH NEW VENDOR AND IS AN ONGOING REQUIREMENT FOR VENDORS PAID OVER $300,000 ANNUALLY. EXCEPTIONS TO THE VENDOR MANAGEMENT POLICY ARE REVIEWED AND APPROVED BY THE ALCO COMMITTEE ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15A COMPARATIVE REVIEW OF THE CEO'S SALARY IS PERFORMED USING THE CUNA CEO SALARY SURVEY AND IS THEN REVIEWED AND APPROVED BY THE SCU EXECUTIVE BOARD AND FULL BOARD. THE CEO APPROVES ALL OFFICER AND KEY EMPLOYEE SALARIES. COMPARABLE SALARY DATA FOR EMPLOYEES IS PROVIDED BY MERCER CONSULTING GROUP AND PAYFACTORS COMPENSATION AND IS REVIEWED BY SENIOR STAFF. MERIT INCREASES ARE BASED ON PERFORMANCE RATINGS, CALCULATED AND DISCRETIONARY FACTORS INCLUDING COMPA RATIO, TIME WITH SUNCOAST CREDIT UNION AND TIME IN ROLE.
FORM 990, PART VI, SECTION C, LINE 18THROUGH PUBLIC WEBSITES SUCH AS GUIDESTAR.
FORM 990, PART VI, SECTION C, LINE 19FINANCIAL 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 11GRETIREMENT PLAN ADMIN EXPENSE 3,500.
FORM 990, PART IX, LINE 24EATM FEES 4,625,234. MORTGAGE FEES 4,336,626. MISC EXPENSE 500,647. TELLER CASH OVER/(SHORT) 24,581.
FORM 990, PART XI, LINE 9:HOLDING GAINS ON EQUITY SECURITIES 5,057,370.
FORM 990, PART XII, LINE 2CTHERE 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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
MEMBERS TITLE AGENCY LLC
6810 E HILLSBOROUGH AVETAMPAFL33610593673450TITLE INSURANCEFL$4,176,032$24,666,341SUNCOAST CREDIT UNION
MEMBERS INSURANCE CENTER LLC
6810 E HILLSBOROUGH AVETAMPAFL33610201399753INSURANCEFL$11,484,024$48,896,277SUNCOAST CREDIT UNION
SUNCOAST REALTY SOLUTION LLC
6810 E HILLSBOROUGH AVETAMPAFL33610475609072REAL ESTATEFL$498,641$872,190SUNCOAST CREDIT UNION
SUNCOAST REALTY SOLUTIONS REFERRAL LLC
6810 E HILLSBOROUGH AVETAMPAFL33610831075751REAL ESTATE REFFERRAL SERVICEFL$0$10,084SUNCOAST CREDIT UNION

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1SUNCOAST CREDIT UNION FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16801 E HILLSBOROUGH AVEAddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP33610ZIPCd
FieldValueIRS element (for citing)
EIN593037324EIN
Primary ActivitiesFUNDRAISING, CHARITABLE CONTRIBUTIONS, AND AWARDING SCHOARSHIPSPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 10PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SUNCOAST CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled Organization0ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
EMPLOYEE BENEFIT TRUST
6801 E HILLSBOROUGH AVETAMPAFL33610TRUST FUNDFLSUNCOAST CREDIT UNIONT$694,594$43,592,4801.000000
CHARITABLE LEAD TRUST
6801 E HILLSBOROUGH AVETAMPAFL33610TRUST FUNDFLSUNCOAST CREDIT UNIONT$449,665$27,860,6861.000000
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
SUNCOAST CREDIT UNION FOUNDATION
B$3,876,278ACTUAL CASH CONTRIBUTION
SUNCOAST CREDIT UNION FOUNDATION
O$137,504ACTUAL COMPENSATION

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.