2018-01-31T20:59:28-05:00 2016-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2016-01-01 590626648 INSIGHT CREDIT UNION INSI 4076592740 P O BOX 4900 ORLANDO FL 32082 GEORGE DAVIS CEO 4076592740 2017-05-15 true DANIEL J COLE P00055998 9547551760 2018-01-31 5D0280A0F7BC3FECD0BDDAC7B68987F93B77BE44 08BD273990EA01E5E38543C8FC488B7685EB5954 2016 2021-01-29 14:40:06Z CO DANIEL COLE CPA GEORGE DAVIS PO BOX 4900 ORLANDO FL 32082 27179472 false X WWW.INSIGHTFINANCIALCU.COM X 1935 FL INSIGHT FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBER; AT ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. 9 9 246 51212 -138162 0 25833630 25163872 1634149 2015600 0 27467779 27179472 0 0 10370710 10176781 0 0 19584440 18519883 29955150 28696664 -2487371 -1517192 554768324 562292468 502819889 512960885 51948435 49331583 INSIGHT FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBER; AT ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. false false INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS. FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES EARNINGS FROM THE INVESTMENTS. THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANDED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUSE, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNION'S GOVERNING DOCUMENTS. false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false false true 247 0 true 246 true true true false false false false false X 9 9 false false false false true true true true true false true true false true true true true true true true false X CARLENE MULLIN 4076592740 PO BOX 4900 ORLANDO FL 32802 KAREN JOHNSON DIRECTOR 4.00 X 0 0 0 SUSAN STUCKER DIRECTOR 4.00 X 0 0 0 DANNY GRANT TREASURER 4.00 X X 0 0 0 A FLOYD BRADLEY DIRECTOR 4.00 X 0 0 0 LINDA SHORT DIRECTOR 4.00 X 0 0 0 STEPHEN HOELTKE SECRETARY 4.00 X X 0 0 0 CHARLES ARNETT CHAIRMAN 4.00 X X 0 0 0 MARK ZICKEFOOSE CHAIRMAN 4.00 X 0 0 0 ARTHUR BRADLEY DIRECTOR X 0 0 0 DEBORAH COLLINS DIRECTOR 4.00 X 0 0 0 DANIEL TATRO SUP CHAIRMAN 4.00 X 0 0 0 ROBERT BURKE SUP COMMITTE 4.00 X 0 0 0 BROOK HARRISON SUP COMMITTE 4.00 X 0 0 0 WILLIAM POST SUP COMMITTE 4.00 X 0 0 0 LAUREN JOSEPH SVP OPERATIO 45.00 X 143089 0 6967 CARLENE MULLIN CFO X 0 0 0 GEORGE DAVIS CEO 45.00 X 352846 0 13635 JODI PETRZALA VP OF CONSUM 45.00 X 117081 0 13951 ELENOR WOODS VP OF INFOR 45.00 X 116761 0 7814 CYNTHIA JONES VP OF COMM & 45.00 X 115636 0 5902 WEGNER MICHAEL CPA/CFO 45.00 X 111787 0 5432 JESSE DEAN VP OF COMP & 45.00 X 102831 0 8489 1060031 62190 7 false true false FISERVE 2600 MAITLAND CNTR PKWY MAITLAND FL 32751 DATA PROC. 1372291 UNITED HEALTHCARE 490 E SOUTH ST ORLANDO FL 32801 HEALTH INS 1311947 EVOLVEIP PO BOX 1023 SOUTHEASTERN PA 193981023 CLOUD SERVICES 475827 D&H (1457) 140 BROADWAY 40TH FLOOR NEW YORK NY 10005 CLOUD SERVICE 389685 AT&T PO BOX 5019 CAROL STREAM IL 601975019 COMMUNITCATIONS 341965 18 INTEREST ON LOANS 13067820 13067820 MISC OPERATING INCOME 4976850 4976850 FEE INCOME 4056165 4056165 OTHER OPERATING INCOME 2448255 2448255 OTHER NON OPERATING GAINS 563570 563570 51212 51212 25163872 2015600 2015600 27179472 27128260 51212 516537 516537 7470929 7470929 2189315 2189315 2165960 2165960 77677 77677 1325997 1325997 PROVISION FOR LOAN LOSSES 5568357 5568357 PROFESSIONAL FEES 3345405 3345405 OFFICE OPERATIONS 2350263 2350263 LOAN SERVICING EXP 2149639 2149639 1536585 1536585 28696664 28696664 0 0 4176268 4117428 97943879 73800302 329781495 349723313 26703368 8252512 18340203 18450856 96490049 105839531 8036430 10361038 554768324 562292468 4604451 5601156 498215438 507359729 502819889 512960885 X 51948435 49331583 51948435 49331583 554768324 562292468 X -1517192 -1099660 X false true X true false 5147695 5147695 15855980 4155920 11700060 349949 168024 181925 5223393 3928568 1294825 18324505 MEMBER SHARE ACCOUNTS 507359729 507359729 X true true X X false false false LAUREN JOSEPH SVP OPERATIONS 143089 6967 150056 GEORGE DAVIS CEO 352846 13635 366481 FORM 990 THE CREDIT UNION DOES OFFER DISCOUNTED LOANS TO EMPLOYEES. UPON COMPLETION AN EMPLOYEES PROBATIONARY 90 DAY PERIOD, THEY CAN RECEIVE A 1% DISCOUNTED LOAN RATE OFF OF PREVAILING MARKET INTEREST RATES ON ALL MORTGAGE AND CONSUMER LOANS. UPON TERMINATION/RESIGNATION THE LOAN REVERTS TO NORMAL MARKET RATES WITHOUT THE DISCOUNT. FORM 990, PAGE 6, PART VI, LINE 6 CREDIT UNION HAS MEMBERS. MEMBERSHIP IS AVAILABLE TO ANYONE THAT MEETS THE FIELD OF MEMBERSHIP QUALIFICATIONS PER THE GOVERNING DOCUMENTS. FORM 990, PAGE 6, PART VI, LINE 7A YES- THE CREDIT UNION'S BOARD OF DIRECTORS ARE ELECTED BY MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B YES, CERTAIN DECISIONS WOULD BE APPROVED BY MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B BOARD OF DIRECTORS REVIEWS FORM 990 AT REGULARLY SCHEDULED MEETING. FORM 990, PAGE 6, PART VI, LINE 12C YES, A CONFLICTS OF INTEREST POLICY IS ACTIVELY ENFORCED. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR CEO, DIRECTORS, AND TOP MANAGEMENT OFFICIALS IS SUBJECT TO REVIEW AND APPROVAL BY BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B YES, OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION IS SUBJECT TO REVIEW BY CEO WITHIN GUIDELINES APPROVED BY BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO ALL MEMBERS UPON REQUEST. FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC FROM NCUA. FORM 990, PART XI THE ADJUSTMENT TO NET EQUITY WAS FROM FASB 115 ADJUSTMENTS TO UNREALIZED GAINS AND LOSSES OF SECURITIES HELD BY THE CREDIT UNION FORM 990, PART XI, LINE 9 CHANGE IN UNREALIZED GAINS AND OTHER COMP INCOME -1,099,660