2016-11-15T11:09:12-06:00 2015-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2015-01-01 111644012 FAIRWINDS CREDIT UNION-FL STATE CHARTER FAIR 4072776030 135 W CENTRAL BLVD NO 1220 ORLANDO FL 32801 KATHY A CHONODY SENIOR EXECUTIVE VP/CFO 4072776030 2016-11-09 1 ROBERT PARKS CPA P00740435 2482443000 2015 2017-02-10 21:41:12Z LARRY F TOBIN 135 W CENTRAL BLVD ORLANDO FL 32801 103197220 0 2106 X WWW.FAIRWINDS.ORG X 1949 FL THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMOUNG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 7 7 751 10 2869471 -1695041 0 0 75489414 82043993 11843885 10112982 3232242 3159911 90565541 95316886 0 0 0 0 35178349 40073837 0 0 0 40642763 39459631 75821112 79533468 14744429 15783418 1776045359 1925920703 1609853104 1744014373 166192255 181906330 X THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMOUNG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 THE CREDIT UNION NATIONAL ASSOCIATION HAS DETERMINED THAT FAIRWINDS CU PROVIDED SAVINGS TO MEMBERS TO BE APPROXIMATELY $119 PER MEMBER HOUSEHOLD FOR OUR 172,445 MEMBERS. FAIRWINDS SAVED OUR MEMBERS ABOUT $11.9 MILLION ON THEIR LOANS IN 2015. FAIRWINDS SAVED MEMBER MONEY BY OFFERING CAR LOAN RATES AT LEAST 2.15% LOWER THAN OTHER FLORIDA BANKS AND CREDIT CARD RATES STARTING AT 3.66% LESS THAN OTHER FLORIDA BANKS. FAIRWINDS PAYS 0.16% MORE ON CERTIFICATES IN 2015 THAN BANKS, ALLOWING MEMBERS TO BE PAID $333,737 MORE THAN HAD THE CERTIFICATES BEEN WITH ANOTHER FLORIDA BANK. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 58790 0 1 751 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X LARRY F TOBIN 4072776030 135 W CENTRAL BLVD SUITE 1220 ORLANDO FL 32801 CAROL DENTON SECRETARY 0.50 X X 0 0 0 DANIEL MCNUTT JR CHAIRMAN 0.50 X X 0 0 0 JASON ALBU VICE CHAIRMAN 0.50 X X 0 0 0 KELLY LEARY TREASURER 0.50 X X 0 0 0 MACK PERRY BOARD MEMBER 0.50 X 0 0 0 RICHARD LEIGH BOARD MEMBER 0.50 X 0 0 0 LISA SNEAD BOARD MEMBER 0.50 X 0 0 0 LARRY TOBIN CEO/PRESIDENT 60.00 X 1077538 0 33352 KATHY CHONODY CFO 60.00 X 654062 0 26774 PHILLIP TISCHER COO 60.00 X 507927 0 24732 MATHY HOGAN EXEC VP - ESERVICES 60.00 X 338322 0 9151 DIANNE OWEN EXEC VP - MARKETING 60.00 X 286208 0 24530 CHARLES LAI CIO 60.00 X 309361 0 16836 JAMES ADAMCZYK EXEC VP - LENDING 60.00 X 295755 0 24677 CATHY HERTZ EXEC VP - HUMAN RESOURCE MANAGEMENT 60.00 X 273980 0 15809 THOMAS HOWELL VP-FINANCIAL ADVISOR 60.00 X 324936 0 24609 MICHELLE KLIMA SVP - ACCOUNTING/CONTROLLER 60.00 X 203620 0 15100 JAMES THORNBERRY SVP - MEMBER EXPERIENCE 60.00 X 197380 0 21216 DANIEL T BOCK III SVP - FINANCE 60.00 X 222378 0 20619 JORGE M FONT SVP - BUSINESS SERVICES 60.00 X 211561 0 23690 4903028 0 281095 36 0 1 0 ALBU & ASSOCIATES 2711 W FAIRBANKS AVE WINTER PARK FL 32789 CONSTRUCTION CONTRACTOR 2957900 FISERV PO BOX 300016 DULUTH GA 300960300 COMPUTER MAINTENANCE 2264163 FIRST DATA CORP 12510 E BELFORD AVE M23A3 ENGELWOOD CO 801125939 DEBIT & CREDIT CARD PROCESSOR 2109652 PRESIDIO NETWORKED SOLUTIONS PO BOX 822169 PHILADELPHIA PA 191822169 COMPUTER MAINTENANCE 1585522 VISA USA INC PO BOX 60000 SAN FRANCISCO CA 941603583 DEBIT & CREDIT CARD PROCESSOR 974749 45 INTEREST INCOME ON LOANS 522100 46279174 46279174 FEES/CHARGES 522100 35764819 35764819 82043993 11367491 11367491 469 16988 -16519 -16519 -16519 6608837 7863346 -1254509 -1254509 -1254509 WEALTH MANAGEMENT FEES 525990 1740481 1740481 INSURANCE PRODUCTS 524298 823162 823162 NON-MEMBER ATM FEES 525990 305828 305828 306959 306959 3176430 95316886 82350952 2869471 10096463 3919014 29098971 1091726 3766082 2198044 218459 128918 609646 2746215 3659323 5258988 392197 136197 2980503 6660669 CREDIT/DEBIT CARD EXPEN 5521318 INTEREST AND DIVIDEND E 3764968 LOAN SERVICING EXPENSE 2384152 ATM EXPENSE 1729291 3268787 79533468 62100098 25142796 30340522 33595918 1327433 925750 966754238 1181821075 553187 862480 119109827 46705246 70098230 72404581 587671145 549117392 57200506 62050711 1776045359 1925920703 12872012 13643880 1077379 838883 75000000 90000000 1520903713 1639531610 1609853104 1744014373 X 0 0 0 0 166192255 181906330 166192255 181906330 1776045359 1925920703 15783418 -69343 0 X X 0 0 0 22572564 22572564 53436778 13527884 39908894 9823208 6369002 3454206 33277277 26808360 6468917 72404581 FHLB DEPOSIT 5433515 C FLORIDA CU SHARES SERVICES, INC. 16719 C CUSO FINANCIAL SERVICES, LLC 200000 C CREDIT UNION 24, INC. 179473 C PSCU, INC. 991386 C INVESTMENTS - AVAILABLE FOR SALE 541536085 F INVESTMENTS - HELD TO MATURITY 760214 C 549117392 INTEREST AND DIVIDENDS PAYABLE 358665 MEMBER SHARES 1639172945 1639531610 X X 1 1 X X X 0 1 0 LARRY TOBIN CEO/PRESIDENT 579459 0 401310 0 96769 0 13250 0 20102 0 1110890 0 0 0 KATHY CHONODY CFO 372245 0 208680 0 73137 0 13250 0 13524 0 680836 0 0 0 PHILLIP TISCHER COO 336670 0 141120 0 30137 0 13250 0 11482 0 532659 0 0 0 MATHY HOGAN EXEC VP - ESERVICES 225357 0 62562 0 50403 0 3717 0 5434 0 347473 0 0 0 DIANNE OWEN EXEC VP - MARKETING 216707 0 61448 0 8053 0 11134 0 13396 0 310738 0 0 0 CHARLES LAI CIO 238506 0 66258 0 4597 0 11372 0 5464 0 326197 0 0 0 JAMES ADAMCZYK EXEC VP - LENDING 221645 0 62958 0 11152 0 11569 0 13108 0 320432 0 0 0 CATHY HERTZ EXEC VP - HUMAN RESOURCE MANAGEMENT 211373 0 58605 0 4002 0 10435 0 5374 0 289789 0 0 0 THOMAS HOWELL VP-FINANCIAL ADVISOR 311721 0 0 0 13215 0 13250 0 11359 0 349545 0 0 0 MICHELLE KLIMA SVP - ACCOUNTING/CONTROLLER 158274 0 33722 0 11624 0 10077 0 5023 0 218720 0 0 0 JAMES THORNBERRY SVP - MEMBER EXPERIENCE 151825 0 32157 0 13398 0 8160 0 13056 0 218596 0 0 0 DANIEL T BOCK III SVP - FINANCE 168560 0 35728 0 18090 0 11328 0 9291 0 242997 0 0 0 JORGE M FONT SVP - BUSINESS SERVICES 172966 0 37125 0 1470 0 10905 0 12785 0 235251 0 0 0 PART I, LINE 1A PROVIDES HOME SECURITY SYSTEMS FOR THE CEO AND CFO. PAYS FOR THE SECURITY MONITORING FOR THE CEO. PART I, LINE 4B LARRY TOBIN - CEO/PRESIDENT, KATHY CHONODY - CFO, AND PHILLIP TISCHER - COO, PARTICIPATE IN A 457F PLAN. NONE OF THEM HAVE MADE CONTRIBUTIONS TO OR TOOK DISTRIBUTIONS FROM THIS PLAN. JASON ALBU JASON ALBU IS V CHAIR OF FAIRWINDS CREDIT UNION AND OWNER OF ALBU & ASSOC. 2957900 THE CREDIT UNION PAID ALBU AND ASSOCIATES $2,957,900 FOR BUILDING CONSTRUCTION. 0 FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP ELECTS THE BOARD OF DIRECTORS WHICH GOVERN THE OPERATIONS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS RECONCILED WITH THE FINANCIAL STATEMENTS AND RESPONSES REVIEWED BY THE CFO AND CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS MONITORED BY OUR INTERNAL AUDIT DEPARTMENT ANNUALLY WITH A LAW REVIEW AND MONTHLY REPORTING. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE MEMBERSHIP APPOINTED BOARD OF DIRECTORS USING AN INDEPENDENT CONSULTANT'S COMPARATIVE MARKET DATA AND INDUSTRY RECOMMENDATION. A COMPENSATION COMMITTEE CONSISTING OF BOARD MEMBERS AND OTHER VOLUNTEERS MAKE A RECOMMENDATION FOR A COMPENSATION PACKAGE AND PRESENT IT TO THE BOARD OF DIRECTORS FOR APPROVAL AND IMPLEMENTATION. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE CEO USING SIMILAR COMPARATIVE MARKET DATA AS APPLIED TO THE COMPANY'S EXISTING COMPENSATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2B: AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A FISCAL YEAR BASIS BUT TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END. FAIRWINDS FINANCIAL SERVICES LLC 135 W CENTRAL BLVD ORLANDO FL 32801 593107994 INACTIVE - NO BUSINESS HAS BEEN PROCESSED FL -139 59010 FAIRWINDS CREDIT UNION FAIRWINDS INSURANCE SERVICES LLC 135 W CENTRAL BLVD ORLANDO FL 32801 452718103 PROVIDING INSURANCE SERVICES FL 916 191259 FAIRWINDS CREDIT UNION