ITHINK FINANCIAL CREDIT UNION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: ITHINK FINANCIAL CREDIT UNION (EIN 59-1286880)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-09-20
IRS object ID: 201742639349300244
Schema version: 2016v3.0
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
Form 990
Schedule C
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-09-20T13:35:52-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	382492570	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DOEREN MAYHEW	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 S W 129TH COURT STE 201	AddressLine1Txt
City	MIAMI	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	331864582	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	591286880	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	IBM SOUTHEAST EMPLOYEES CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	IBMS	BusinessNameControlTxt
Phone	5619824700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 NW 17 AVE	AddressLine1Txt
City	DELRAY BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	334452555	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL L MILLER	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	5619824700	PhoneNum
Signature	2017-09-20	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DOUGLAS J ORTH	PreparerPersonNm
PTIN	P01076394	PTIN
Phone	3052328272	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	40.141.134.7	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-09-20	IPDt
IP Tm	12:43:06	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	6C9B1A35775087DBDB8A6D25ECA509C7F6C27838	AtSubmissionCreationDeviceId
At Submission Filing Device Id	1353DC092BF0A9AADCA388267C2932B6E10091D4	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MICHAEL L MILLER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 NW 17 AVE	AddressLine1Txt
City	DELRAY BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	334452555	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$47,519,889	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Group Exemption	2106	GroupExemptionNum
Organization501c	Yes (X)	Organization501cInd
Website Address	IBMSECU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1969	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	TO DELIVER SERVICE EXCELLENCE TO THE MEMBERSHIP AND THE COMMUNITIES WE SERVE WHILE ENSURING THE SAFETY AND SOUNDNESS OF THE CREDIT UNION.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	276	TotalEmployeeCnt
Total Volunteers	17	TotalVolunteersCnt
Total Gross UBI	$518,298	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$15,412	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$19,065,470	PYProgramServiceRevenueAmt
CY Program Service Revenue	$35,332,153	CYProgramServiceRevenueAmt
PY Investment Income	$1,511,559	PYInvestmentIncomeAmt
CY Investment Income	$2,823,782	CYInvestmentIncomeAmt
PY Other Revenue	$1,694,493	PYOtherRevenueAmt
CY Other Revenue	$7,178,120	CYOtherRevenueAmt
PY Total Revenue	$22,271,522	PYTotalRevenueAmt
CY Total Revenue	$45,334,055	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,101,874	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$18,620,745	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$8,428,619	PYOtherExpensesAmt
CY Other Expenses	$18,476,313	CYOtherExpensesAmt
PY Total Expenses	$16,530,493	PYTotalExpensesAmt
CY Total Expenses	$37,097,058	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,741,029	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$8,236,997	CYRevenuesLessExpensesAmt
Total Assets BOY	$892,481,354	TotalAssetsBOYAmt
Total Assets EOY	$940,271,063	TotalAssetsEOYAmt
Total Liabilities BOY	$808,709,303	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$849,512,093	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$83,772,051	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$90,758,970	NetAssetsOrFundBalancesEOYAmt
Mission	TO DELIVER SERVICE EXCELLENCE TO THE MEMBERSHIP AND THE COMMUNITIES WE SERVE WHILE ENSURING THE SAFETY AND SOUNDNESS OF THE CREDIT UNION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	Yes (1)	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16908	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	276	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	IBM SOUTHEAST EMPLOYEES CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5619824700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 NW 17 AVE	AddressLine1Txt
City	DELRAY BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	334452555	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DONALD L LEE
DIRECTOR	1.00	Yes (X)	$2,620	$0	$0
JOHNNY BENNETT
V. CHAIRPERSON	1.00	Yes (X)	$0	$0	$0
BRAD J DEBAUCHE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JAMES M DORMAN
TREASURER	1.00	Yes (X)	$9,500	$0	$0
STEPHANIE M STEVENS
SECRETARY	1.00	Yes (X)	$0	$0	$0
MICHAEL W TOWNSEND
CHAIRPERSON	1.00	Yes (X)	$6,343	$0	$0
PETER BLACKLOCK
DIRECTOR	1.00	Yes (X)	$1,286	$0	$0
THOMAS E BRAWLEY
DIRECTOR	1.00	Yes (X)	$1,168	$0	$0
JUANA KRAUSE
DIRECTOR	1.00	Yes (X)	$2,284	$0	$0
MICHAEL MILLER
PRESIDENT/CEO	40.00		$415,139	$0	$26,175	Yes (X)
JEFFREY KOLHAGEN
VP FINANCE	40.00		$144,318	$0	$6,346	Yes (X)
JOHN ZELLS
EVP CHIEF MARKETING OFFICE	40.00		$279,075	$0	$22,368		Yes (X)
PATRICIA MUNRO
EVP RETAIL OPERATIONS	40.00		$195,408	$0	$17,502		Yes (X)
LAURA HETHERINGTON
VP LENDING	40.00		$159,724	$0	$22,263		Yes (X)
DAVID LYONS
VP HR & MARKETING	40.00		$161,367	$0	$21,741		Yes (X)
MARK SKINNER
AVP REAL ESTATE & COMMERCIAL LENDING	40.00		$153,779	$0	$11,187		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,532,011	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$127,582	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	10	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
VISA DPS
PO BOX 742233	LOS ANGELES	CA	900742233	CREDIT/DEBIT CARD AND ATM SETTLEMENT	$748,209
D AND H
PO BOX 535120	ATLANTA	GA	303535120	CORE PROCESSOR	$464,005
5400 CONGRESS LLC
200 BUTLER STREET SUITE 207	WEST PALM BEACH	FL	33407	BOCA RENT	$398,291
PINNACLE DATA SYSTEMS
PO BOX 102017	BIRMINGHAM	AL	35210	MEMBER STATEMENTS, NOTICES, LETTERS	$324,920
CUBUS SOLUTIONS
3049A INDEPENDENCE DRIVE	LIVERMORE	CA	94551	SOFTWARE MAINTENANCE	$323,992

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	25	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INCOME ON LOANS	522100	$29,214,433	$29,214,433
FEES/CHARGES/OTHER	522100	$5,599,422	$5,599,422
ATM/SHARED BRANCHING	900099	$425,580		$425,580
MBI	524298	$92,718		$92,718

Field	Value	IRS element (for citing)
Total Program Service Revenue	$35,332,153	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,711,621	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,711,621	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,297,995	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,185,834	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$112,161	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$112,161	TotalRevenueColumnAmt
Related Or Exempt Func Income	$112,161	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MISCELLANEOUS INCOME	522100	$5,681,009	$5,681,009
GAIN ON LOANS	522100	$1,390,461	$1,390,461
GAIN ON DISPOSAL OF ASSETS	522100	$106,650	$106,650

Field	Value	IRS element (for citing)
Other Revenue Total	$7,178,120	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,334,055	TotalRevenueColumnAmt
Related Or Exempt Func Income	$44,815,757	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$518,298	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$615,179	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$13,532,120	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$389,596	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,034,392	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,049,458	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$380,087	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$252,680	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$189,010	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$132,904	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$866,248	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,294,942	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$325,904	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,204,171	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$454,095	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$3,303	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,023,349	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$95,615	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,252,219	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,100	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$4,508,980
VISA FEES/CHARGES	$1,353,749
LOAN SERVICING	$851,610
MISCELLANEOUS	$545,320

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$739,027	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$37,097,058	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$7,309,546	BOYAmt
EOY	$6,473,872	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$92,937,860	BOYAmt
EOY	$68,867,623	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,094,907	BOYAmt
EOY	$1,585,055	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$4,508,970	BOYAmt
EOY	$5,526,692	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$557,969,047	BOYAmt
EOY	$671,369,665	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$886,497	BOYAmt
EOY	$831,442	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$28,349,485	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$14,250,223	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$13,958,282	BOYAmt
EOY	$14,099,262	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$170,314,599	BOYAmt
EOY	$127,568,871	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$4,564,129	BOYAmt
EOY	$2,158,727	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$41,071	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$36,896,446	BOYAmt
EOY	$41,789,854	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$892,481,354	BOYAmt
EOY	$940,271,063	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$11,443,431	BOYAmt
EOY	$26,797,608	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$797,265,872	BOYAmt
EOY	$822,714,485	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$808,709,303	BOYAmt
EOY	$849,512,093	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$83,772,051	BOYAmt
EOY	$90,758,970	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$83,772,051	BOYAmt
EOY	$90,758,970	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$892,481,354	BOYAmt
EOY	$940,271,063	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$8,236,997	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$100,996	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,149,082	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Internal Funds Contributed	$5,128	InternalFundsContributedAmt
Total Exempt Function Expend	$5,128	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (1)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Paid Internal FundsPaidInternalFundsAmt
FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE
3692 COOLIDGE COURT	TALLAHASSEE	FL	32311	$5,028
TED DEUTCH CAMPAIGN
7900 GLADES ROAD	BOCA RATON	FL	33434	$100

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,263,452	OtherCostOrOtherBasisAmt
Book Value	$4,263,452	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$11,590,121	OtherCostOrOtherBasisAmt
Depreciation	$3,304,032	DepreciationAmt
Book Value	$8,286,089	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$920,591	OtherCostOrOtherBasisAmt
Depreciation	$533,194	DepreciationAmt
Book Value	$387,397	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$11,536,669	OtherCostOrOtherBasisAmt
Depreciation	$10,380,460	DepreciationAmt
Book Value	$1,156,209	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$38,652	OtherCostOrOtherBasisAmt
Depreciation	$32,537	DepreciationAmt
Book Value	$6,115	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$14,099,262	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
SHARE DRAFTS	$174,874,393
MONEY MARKET	$249,473,428
SHARES	$262,187,345
CERTIFICATES	$136,179,319

Field	Value	IRS element (for citing)
Total Liability	$822,714,485	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$45,334,055	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$45,334,055	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$45,334,055	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$37,097,058	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$37,097,058	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$37,097,058	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. 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). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS 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 2015, 2014, AND 2013 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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL MILLER
PRESIDENT/CEO	$363,203	$0	$50,591	$0	$1,345	$0	$18,000	$0	$8,175	$0	$441,314	$0	$0	$0
JEFFREY KOLHAGEN
VP FINANCE	$128,025	$0	$16,293	$0	$0	$0	$6,346	$0	$0	$0	$150,664	$0	$0	$0
JOHN ZELLS
EVP CHIEF MARKETING OFFICE	$222,329	$0	$56,746	$0	$0	$0	$18,000	$0	$4,368	$0	$301,443	$0	$0	$0
PATRICIA MUNRO
EVP RETAIL OPERATIONS	$172,648	$0	$22,760	$0	$0	$0	$13,902	$0	$3,600	$0	$212,910	$0	$0	$0
LAURA HETHERINGTON
VP LENDING	$141,005	$0	$18,719	$0	$0	$0	$20,105	$0	$2,158	$0	$181,987	$0	$0	$0
DAVID LYONS
VP HR & MARKETING	$141,953	$0	$19,414	$0	$0	$0	$15,911	$0	$5,830	$0	$183,108	$0	$0	$0
MARK SKINNER
AVP REAL ESTATE & COMMERCIAL LENDING	$132,547	$0	$21,232	$0	$0	$0	$6,585	$0	$4,602	$0	$164,966	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 4B	DURING 2014, THE CREDIT UNION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT FOR THE PRESIDENT/CEO IN THE FORM OF A SECURED SPLIT DOLLAR AGREEMENT. THE CREDIT UNION LOANED THE PRESIDENT/CEO, WHO IS THE OWNER OF THE POLICIES, THE FUNDS TO PURCHASE THESE POLICIES WHICH ARE USED TO COLLATERALIZE THE LOAN. AS OF DECEMBER 31, 2016 THE BALANCE OF THE LOAN APPROXIMATED $4,527,000.
PART I, LINE 4B	DURING 2016, THE CREDIT UNION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT FOR THE AVP REAL ESTATE & COMMERCIAL LENDING IN THE FORM OF A SECURED SPLIT DOLLAR AGREEMENT. THE CREDIT UNION LOANED THE AVP REAL ESTATE & COMMERCIAL LENDING, WHO IS THE OWNER OF THE POLICIES, THE FUNDS TO PURCHASE THESE POLICIES WHICH ARE USED TO COLLATERALIZE THE LOAN. AS OF DECEMBER 31, 2016 THE BALANCE OF THE LOAN BALANCE WAS $1,000,000.
PART I, LINE 4B	THE CREDIT UNION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION 457(F) PLAN FOR MEMBERS OF THE CREDIT UNION MANAGEMENT TEAM. UNDER THE TERMS OF THE 457(F) PLAN, THE PARTICIPANTS ARE ENTITLED TO THE EARNINGS AND APPRECIATION ON THE DEFERRED COMPENSATION PLAN INVESTMENTS IF THEY REMAINS EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. THE DEFERRED COMPENSATION INVESTMENT WAS APPROXIMATELY $11,500,000 AS OF DECEMBER 31, 2016.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
MICHAEL L MILLER
PRESIDENT/CEO	TO FUND SERP POLICY	Yes (X)	$4,500,000	$4,526,692	0	Yes (1)	Yes (1)
MARK SKINNER
AVP REAL ESTATE & COMMERCIAL LENDING	TO FUND SERP POLICY	Yes (X)	$1,000,000	$1,000,000	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$5,526,692	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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	FORMS WILL BE REVIEWED BY THE CEO AND VP OF FINANCE PRIOR TO BEING FILED.
FORM 990, PART VI, SECTION B, LINE 12C	THE POLICY WILL BE MONITORED FOR COMPLIANCE.
FORM 990, PART VI, SECTION B, LINE 15A	AN OUTSIDE COMPANY WAS USED TO ANALYZE THE PAY STRUCTURE FOR THE CEO. THE BOARD EXECUTIVE COMMITTEE REVIEWS IT ANNUALLY.
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 NCUA.GOV VIA THE QUARTERLY 5300 FILING.
FORM 990, PART IX, LINE 24E	SHARED BRANCHING 387,281. NCUA OPERATING FEES 161,008. TRAINING/EDUCATION 113,318. CMAR DEPOSIT INT AMORTIZATION 41,071. OREO 36,349.
FORM 990, PART XI, LINE 9:	DEFINED BENEFIT PLAN: LOSSES FROM CHANGES IN ACTUARIAL ASSUMPTIONS -1,833,130. CLASSIFICATION ADJUSTMENT FOR NET SECURITIES GAINS AND LOSSES -112,161. DEFINED BENEFIT PLAN: AMORTIZATION OF PRIOR YEAR SERVICE COST 796,209.
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.