2019-11-25T08:31:58-06:00 2018-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2018-01-01 596134207 STATE CHARTERED CREDIT UNIONS IN FLORIDA ALLIANCE CREDIT UNION OF FLORIDA STAT 3523728225 412 E UNIVERSITY AVE GAINESVILLE FL 32601 TIMOTHY J CANNON CEO 3523728225 2019-11-24 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2019-11-24 22:22:48 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2020-03-31 21:24:44Z ALLIANCE CREDIT UNION OF FLORIDA TIMOTHY J CANNON 412 E UNIVERSITY AVE GAINESVILLE FL 32601 3326088 0 2106 X WWW.ALLIANCECUFL.ORG X 1944 FL PEOPLE HELPING PEOPLE TO MASTER THEIR FINANCIAL SITUATIONS, ONE SOLUTION AT A TIME. 7 7 19 7 46569 0 0 0 3115439 3090661 135943 224965 0 0 3251382 3315626 0 0 0 0 1223095 1232642 0 0 0 1961955 1769224 3185050 3001866 66332 313760 48960411 48631023 45530744 44959916 3429667 3671107 PEOPLE HELPING PEOPLE TO MASTER THEIR FINANCIAL SITUATIONS, ONE SOLUTION AT A TIME. 0 0 ALLIANCE CREDIT UNION OF FLORIDA IS DEDICATED TO SERVING ITS MEMBERS' SAVINGS AND LOAN NEEDS. SERVICES INCLUDE AVAILABILITY OF VARIOUS TYPES OF SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, AND RETIREMENT ACCOUNTS. THE CREDIT UNION ALSO MAKES LOANS TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 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 1 391 0 1 19 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 TIM CANNON 3523728225 412 E UNIVERSITY AVE GAINESVILLE FL 32601 JOHN E POWER DIRECTOR 1.00 X 0 0 0 RALPH W HILLIARD DIRECTOR 1.00 X 0 0 0 ALAN R MORROW CHAIR/DIRECTOR 1.00 X 0 0 0 GWENDOLYN B DAWSON DIRECTOR 1.00 X 0 0 0 DONNA L MCAFEE V. CHAIRPERSON/DIRECTOR 1.00 X 0 0 0 TIMOTHY A GOOD TREASURER 1.00 X 0 0 0 REIDA SQUIRES SECRETARY/DIRECTOR 1.00 X 0 0 0 SHANE SAPP ASSOCIATE DIRECTOR 1.00 X 0 0 0 DON MCAFEE DIRECTOR EMERITUS 1.00 X 0 0 0 TIM CANNON CEO 40.00 X 159358 0 28910 ANDREW ST CROIX CFO 40.00 X 53140 0 2605 212498 0 31515 1 0 1 0 FISERV PO BOX 300016 DULUTH GA 300960300 CORE PROCESSOR, CARD PROC. 193399 NCR PO BOX 740641 LOS ANGELES CA 900740641 INTERNET BANKING 181807 2 INCOME ON LOANS 522100 2003101 2003101 FEES/CHARGES/MISC INCO 522100 1040991 1040991 INSURANCE 524298 37375 37375 SHARED SERVICING 900099 7604 7604 NON-MEMBER ATM FEE INC 900099 1590 1590 3090661 235427 235427 10462 -10462 -10462 -10462 3315626 3033630 46569 235427 244013 785766 41933 77490 83440 42471 37345 9500 34501 57572 163499 426839 65941 8563 2331 38536 8322 81682 40849 DEBIT/CREDIT EXPENSES 309206 PROVISION FOR LOAN LOSS 241955 LOAN SERVICING 118664 MISCELLANEOUS 45504 35944 3001866 541908 260851 7372761 4750170 21319 15003 32594515 34093358 73995 136221 2229519 752937 1528122 1476582 96166 6189104 7305429 542521 593409 48960411 48631023 712775 526657 44817969 44433259 45530744 44959916 X 0 0 0 0 3429667 3671107 3429667 3671107 48960411 48631023 313760 -72320 0 X X 0 1 X 1 0 728453 728453 1391038 684838 706200 110028 68099 41929 1476582 INVESTMENTS IN CERTIFICATES OF DEPOSIT 6874370 F SECFCU CAPITAL SHARES 431059 C 7305429 CERTIFICATES OF DEPOSIT 1838483 MONEY MARKET 8679059 IRAS 974051 SHARE DRAFT 11370460 REGULAR SHARES 21571206 44433259 X 3315626 0 3315626 0 3315626 3001866 0 3001866 0 3001866 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (INTERNAL REVENUE CODE SECTION 501(C)(14), FROM FEDERAL INCOME TAX. 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 STATECHARTERED 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). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. 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 2017, 2016 AND 2015 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. X X 0 0 0 TIM CANNON CEO 158358 0 1000 0 0 0 7968 0 20942 0 188268 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED FOR 3 YEAR TERMS BY THE MEMBERSHIP OF THE CREDIT UNION. ELECTIONS ARE HELD ANNUALLY. 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 FORM 990 IS REVIEWED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE HAS THE RESPONSIBILITY TO REVIEW ANY CONFLICT OF INTEREST DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS SET BY THE BOARD. THEY OBTAIN SURVEYS PREPARED BY CUES AND CUNA. THE DATA IS COMPARED AT THE POSITION LEVEL, INCLUDING FACTORS SUCH AS THE NUMBER OF SERVICES, NUMBER OF MEMBERS, AND NUMBER OF LOANS. COMPENSATION IS BASED ON ANALYSIS OF THIS DATA. THE CEO AND COO SET COMPENSATION LEVELS FOR OTHER STAFF MEMBERS BASED ON ANALYSIS DATA OBTAINED FROM SURVEYS PREPARED BY CUES AND CUNA. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA.GOV WEBSITE VIA THE QUARTERLY 5300 FILING. 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.