2020-11-12T14:20:16-06:00 2019-12-31 382492570 DOEREN MAYHEW 12060 SW 129 CT STE 201 MIAMI FL 33186 990 2019-01-01 590637646 CAMPUS USA CREDIT UNION CAMP 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 JENNIFER HUNT CFO 3523359090 2020-11-09 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2020-11-09 23:23:15 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2021-04-22 16:20:28Z JERRY BENTON 14007 NW 1ST ROAD JONESVILLE FL 32669 112836109 0 2106 X WWW.CAMPUSCU.COM X 1935 FL CAMPUS USA IS A NON-PROFIT FINANCIAL INSTITUTION PROVIDER. IT HAS SIX COUNTIES FOR MEMBERSHIP WITH COMPETITIVE SAVINGS AND LOAN OPTIONS ALONG WITH EXCEPTIONAL MEMBER SERVICE. 7 7 408 11 182564 0 0 0 80958674 95728917 4212164 5705913 2161942 5602740 87332780 107037570 260694 427270 0 0 26412240 29170498 0 0 0 39432218 53498527 66105152 83096295 21227628 23941275 1849798086 2090847610 1636825590 1851914303 212972496 238933307 THE MISSION OF OUR CREDIT UNION IS TO RESPOND TO THE NEEDS OF THE MEMBERSHIP BY OFFERING THE BEST FINANCIAL SERVICES. OUR CREDIT UNION IS A NOT-FOR-PROFIT SERVICE ORGANIZATION WHICH MAINTAINS A STRONG FINANCIAL FOUNDATION. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25920 0 1 408 1 1 1 0 0 0 0 0 1 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 JERRY BENTON 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 PRINCE HINSON DIRECTOR 3.00 X 0 0 0 MARK WALDORFF DIRECTOR 3.00 X 0 0 0 RUBEN RAMOS VICE CHAIR 3.00 X 0 0 0 JAY HUTTO DIRECTOR 3.00 X 0 0 0 KEITH BIRKETT CHAIR 3.00 X 0 0 0 PAULA WELCH DIRECTOR 3.00 X 0 0 0 RUBY PUCKETT DIRECTOR 3.00 X 0 0 0 JERRY W BENTON CEO 40.00 X 1047904 0 164113 JENNIFER L HUNT CFO 40.00 X 410371 0 76536 JAMES L THACKREY CTO 40.00 X 642209 0 79011 JEFFERY A THIEMAN COO 40.00 X 392354 0 81372 JILL E HARPER CHIEF HR OFFICER 40.00 X 558882 0 69423 GABRIEL W HAMLETT CHIEF LEGAL OFFICER 40.00 X 551790 0 65379 FREDERICK E HILTON INVESTMENT SERVICES MANAGE 40.00 X 210765 0 37517 DAVID M BARBER VP COMMERCIAL LOAN MANAGER 40.00 X 195385 0 36570 ROSS JONES VP CONSUMER LENDING 40.00 X 145849 0 31627 JOSH BRANCH SYSTEMS MANAGER 40.00 X 153550 0 22588 PETER SUBACH SPECIAL ACCOUNTS MANAGER 40.00 X 136322 0 21251 4445381 0 685387 21 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 3017120 ADVANCED SYSTEMS 11 SW 1 STREET WILLISTON FL 32696 SECURITY SYSTEMS/ATM 1053053 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 ONLINE BANKING 943270 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SOFTWARE 876195 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 75395 IT HARDWARE/MAINTENANCE 442272 33 INTEREST ON LOANS 522100 76965650 76965650 FEES/CHARGES 522100 18580703 18580703 NON-MEMBER ATM FEES 522200 78144 78144 INVESTMENT SERVICES FOR NON-MEMBE 523000 67605 67605 MECHANICAL BREAKDOWN INSURANCE 524298 36815 36815 95728917 5312419 5312419 6025319 166714 5668934 129605 356385 37109 393494 393494 GAINS ON EQUITY INVESTMENTS 522100 3075000 3075000 OTHER INCOME 522100 2527740 2527740 5602740 107037570 106855006 182564 0 X 427270 4139344 17019647 3182949 3310740 1517818 5393 223801 130500 480056 1757329 3338850 5221126 20833118 221179 2988852 342749 PROVISION FOR LOAN LOSS 9675000 LOAN SERVICING 3784207 DEBIT CARD SERVICES 1672874 MISCELLANEOUS 1248290 1575203 83096295 8907356 11483233 88832198 95559833 11264854 12315972 1555958932 1719043389 1846054 3020068 74825930 26073451 45664354 48752479 91540142 148266237 23622873 32302769 22161323 20103630 1849798086 2090847610 25067949 22890027 35000000 15000000 1576757641 1814024276 1636825590 1851914303 X 0 0 0 0 212972496 238933307 212972496 238933307 1849798086 2090847610 X 23941275 2491149 -471613 X X 0 1 X 1 0 6040 6040 6040 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 6040 16606908 16606908 39187582 13010915 26176667 3118401 2663408 454993 15312214 9807104 5505110 600825 592024 8801 48752479 SHARE DRAFTS 260356770 SHARE AND EQUIVALENTS 548985743 MONEY MARKET ACCOUNTS 241372782 IRA SHARES 30140289 SHARE AND IRA CERTIFICATES 733168692 1814024276 X 107037570 0 107037570 0 107037570 83096295 0 83096295 0 83096295 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2018, 2017, AND 2016 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 1 MARCH OF DIMES OF NORTH FLORIDA 1831 NW 13 STREET GAINESVILLE FL 32609 131846366 501(C)(3) 28825 CHARITABLE CONTRIBUTION/SPONSORSHIPS CHILDREN'S MIRACLE NETWORK PO BOX 100386 GAINESVILLE FL 32610 591943502 501(C)(3) 139278 CHARITABLE CONTRIBUTION AMERICAN HEART ASSOCIATION 10460 ROOSEVELT BLVD N 306 ST PETERSBURG FL 33716 135613797 501(C)(3) 36929 V ELDERCARE OF ALACHUA COUNTY INC 5701 NW 34 BLVD GAINESVILLE FL 32653 593051104 501(C)(3) 11500 SPONSORSHIPS AMERICAN CANCER SOCIETY 2119 SW 16 STREET GAINESVILLE FL 32608 131788491 501(C)(3) 12414 CHARITABLE CONTRIBUTION/SPONSORSHIPS JUNIOR ACHIEVEMENT OF TAMPA BAY INC 13707 N 22ND ST TAMPA FL 33613 591098499 501(C)(3) 56791 CHARITABLE CONTRIBUTION/SPONSORSHIPS COLLEGE OF CENTRAL FLORIDA FOUNDATION INC 3001 SW COLLEGE RD OCALA FL 344744415 596139037 501(C)(3) 56302 SPONSORSHIPS CHILD ADVOCACY CENTER INC PO BOX 13454 GAINESVILLE FL 32604 311705396 501(C)(3) 12500 SPONSORSHIPS UNITED WAY OF NORTH CENTRAL FLORIDA PO BOX 2829 LAKE CITY FL 32056 590808855 501(C)(3) 11536 CHARITABLE CONTRIBUTION/SPONSORSHIPS THE GRIT FOUNDATION PO BOX 358764 GAINESVILLE FL 32635 822541789 501(C)(3) 10000 SPONSORSHIPS GAINESVILLE JUNIORS VOLLEYBALL CLUB 4414 NW 75TH STREET GAINESVILLE FL 32606 593313713 501(C)(3) 10000 SPONSORSHIPS UNITED WAY OF NORTH CENTRAL FLORIDA 6031 NW 1ST PLACE GAINESVILLE FL 32607 590808855 501(C)(3) 8545 CHARITABLE CONTRIBUTION/SPONSORSHIPS UNIVERSITY OF FLORIDA PO BOX 113201 GAINESVILLE FL 32611 596002052 501(C)(3) 7700 SPONSORSHIPS THE EDUCATION FOUNDATION OF ALACHUA COUNTY INC 2802 NW 8TH AVE GAINESVILLE FL 32641 592751952 501(C)(3) 7500 SPONSORSHIPS PEACEFUL PATHS INC 2100 NW 53 AVE SUITE A GAINESVILLE FL 32653 591809014 501(C)(3) 6500 SPONSORSHIPS STOP CHILDREN'S CANCER 2622 NW 43ST SUITE B3 GAINESVILLE FL 32606 592624901 501(C)(3) 5750 CHARITABLE CONTRIBUTION/SPONSORSHIPS ST FRANCIS CATHOLIC ACADEMY 4100 NW 115 TERRACE GAINESVILLE FL 32606 341976018 501(C)(3) 5200 SPONSORSHIPS 17 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. SOME DONATIONS ARE EVENT SPONSORSHIP BASED. X X X 1 1 X X 0 1 0 JERRY W BENTON CEO 487995 0 3800 0 556109 0 145552 0 18561 0 1212017 0 526547 0 JENNIFER L HUNT CFO 226836 0 40200 0 143335 0 64654 0 11882 0 486907 0 131754 0 JAMES L THACKREY CTO 246220 0 40200 0 355789 0 65552 0 13459 0 721220 0 0 0 JEFFERY A THIEMAN COO 234278 0 40200 0 117876 0 63784 0 17588 0 473726 0 110969 0 JILL E HARPER CHIEF HR OFFICER 194569 0 40200 0 324113 0 60945 0 8478 0 628305 0 305656 0 GABRIEL W HAMLETT CHIEF LEGAL OFFICER 181686 0 40200 0 329904 0 48423 0 16956 0 617169 0 317473 0 FREDERICK E HILTON INVESTMENT SERVICES MANAGE 163708 0 44524 0 2533 0 22011 0 15506 0 248282 0 0 0 DAVID M BARBER VP COMMERCIAL LOAN MANAGER 132120 0 53267 0 9998 0 20139 0 16431 0 231955 0 0 0 ROSS JONES VP CONSUMER LENDING 112434 0 27838 0 5577 0 15302 0 16325 0 177476 0 0 0 JOSH BRANCH SYSTEMS MANAGER 142784 0 3800 0 6966 0 15230 0 7358 0 176138 0 0 0 PETER SUBACH SPECIAL ACCOUNTS MANAGER 110461 0 19538 0 6323 0 13661 0 7590 0 157573 0 0 0 PART I, LINE 4B THE FOLLOWING EXECUTIVES PARTICIPATED IN THE 457F PLAN. THE FOLLOWING REFLECTS THE DOLLAR AMOUNT THE CREDIT UNION CONTRIBUTED TOWARD EACH EXECUTIVE'S PLAN DURING 2019: J. BENTON $105,696; G. HAMLETT $36,400; J. HARPER $36,400; J. HUNT $36,400; J. THACKREY $36,400; J. THIEMAN $36,400. ADDITIONALLY DURING 2019, THE FOLLOWING EXECUTIVES RECEIVED A 457(F) BENEFIT PAYOUT: J. BENTON $526,547; G. HAMLETT $317,473; J. HARPER $305,656; J. HUNT $131,754; J. THIEMAN $110,969. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. 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 CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN AND USES THE CPA FIRM TO HELP COMPLETE THE FINANCIAL ASPECT OF THE RETURN. THE RETURN IS PRESENTED TO THE CREDIT VP OR HR, VP OF OPERATIONS AND TO THE PRESIDENT/CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY GOVERNS THE ACTIONS OF DIRECTORS, AUDIT COMMITTEE MEMBERS, ANY OTHER UNPAID MEMBER VOLUNTEERS AND ALL SENIOR MANAGERS OF THE CREDIT UNION. THE POLICY, WHICH IS EXPLICIT IN DETAILING ACTIONS CONSIDERED TO BE CONFLICTS OF INTEREST, IS REVIEWED WITH THE COVERED INDIVIDUALS ANNUALLY. IN ADDITION, EACH COVERED INDIVIDUAL IS ANNUALLY REQUIRED TO COMPLETE AND SIGN A STATEMENT DETAILING ANY POTENTIAL CONFLICTS OF INTEREST OR ANY ACTIONS TAKEN THAT FALL UNDER THE CONFLICT OF INTEREST POLICY. THESE STATEMENTS ARE REQUIRED TO BE SUBMITTED TO THE AUDIT COMMITTEE CHAIR WHO MAKES A FORMAL REPORT TO THE BOARD OF DIRECTORS. COVERED INDIVIDUALS ARE INSTRUCTED TO DISCUSS ANY POTENTIAL CONFLICTS WITH THE PRESIDENT/CEO OR THE COMPLIANCE OFFICER BEFORE ENTERING INTO ANY ARRANGEMENT THAT COULD BE A POTENTIAL CONFLICT. THE AUDIT COMMITTEE CHAIR MUST GIVE WRITTEN APPROVAL ON A CASE-BY-CASE BASIS. ANY POTENTIAL CONFLICT INVOLVING THE AUDIT COMMITTEE CHAIR REQUIRES WRITTEN APPROVAL BY THE BOARD OF DIRECTORS CHAIR. THE CREDIT UNION HAS ALWAYS MAINTAINED THE POLICY THAT ANY INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS PERTAINING TO THE SUBJECT MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS DONE ANNUALLY BY THE BOARD OF DIRECTORS (BOD). THE BOD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AND EACH MEMBER DOES AN INDIVIDUAL REVIEW TO DETERMINE THE CEO'S COMPENSATION. FOR ALL OTHER SENIOR MANAGEMENT, THE CEO USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AS WELL AS AN INTERNAL DEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE THEIR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G PROFESSIONAL AND OUTSIDE SERVICES 480,056. FORM 990, PART IX, LINE 24E ATM SHARED BRANCHING FEES 894,359. EDUCATION 485,447. PRINTING AND PUBLICATIONS 123,477. AUTOMOBILE EXPENSES 41,839. NCUA INSURANCE PREMIUM ASSESSMENT 30,081. FORM 990, PART XI, LINE 9: NET UNREALIZED LOSSES ON DEFINED BENEFIT PLAN ASSETS 470,358. RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME -941,971. 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.