2016-08-15T00:00:00-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 591009534 CENTRAL CREDIT UNION OF FLORIDA CENT 8504740970 6200 NORTH W STREET PENSACOLA FL 32505 CAROLYN DWELLE PRESIDENT/CEO 8504740970 2016-08-14 1 DOUGLAS J ORTH P01076394 3052328272 2015 2016-12-15 16:53:06Z CAROLYN DWELLE 6200 NORTH W ST PENSACOLA FL 325051918 8847705 0 2106 X WWW.CCUFL.ORG X 1962 FL WE WILL SERVE THE NEEDS OF OUR MEMBERS BEYOND THEIR EXPECTATIONS. WE STRIVE TO ASSIST OUR MEMBERS WITH ALL OF THEIR FINANCIAL NEEDS AND PROVIDE SERVICE BEYOND THEIR EXPECTATIONS. 5 5 72 7 7755 -6790 0 0 7883510 8191346 191185 296969 0 0 8074695 8488315 0 0 0 0 3274971 3491332 0 0 0 3688646 4310536 6963617 7801868 1111078 686447 132386876 142754657 116481883 126085800 15904993 16668857 WE WILL SERVE THE NEEDS OF OUR MEMBERS BEYOND THEIR EXPECTATIONS. WE STRIVE TO ASSIST OUR MEMBERS WITH ALL OF THEIR FINANCIAL NEEDS AND PROVIDE SERVICE BEYOND THEIR EXPECTATIONS. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 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 2829 0 1 72 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X CENTRAL CREDIT UNION OF FLORIDA 8504740970 6200 NORTH W ST PENSACOLA FL 325051918 JOHN SCOTT SECRETARY 10.00 X 0 0 0 JOHN KEITH CHAIRMAN 10.00 X 0 0 0 ANDREA KRIEGER V. CHAIRMAN 10.00 X 0 0 0 JUANITY ASHLEY DIRECTOR 10.00 X 0 0 0 RONNIE LABRATO TREASURER 10.00 X 0 0 0 CAROLYN DWELLE CEO 40.00 X 151005 0 12227 KATHY BOSWELL VP/CFO 40.00 X 107619 0 7481 258624 0 19708 2 0 1 0 PEMCO 1100 OLIVE WAY SUITE 320 SEATTLE WA 98101 CARD PROCESSOR 277336 SAM MARSHALL 325 S PALAFOX STREET PENSACOLA FL 32501 ARCHITECT 214657 JACK HENRY AND ASSOCIATES PO BOX 91101 SEATTLE WA 98111 SYSTEM SOFTWARE 155056 3 INCOME ON LOANS 522100 4934761 4934761 FEES AND CHARGES 522100 3248830 3248830 UNRELATED BUSINESS INC 900099 7755 7755 8191346 369377 369377 286982 359390 -72408 -72408 -72408 8488315 8480560 7755 0 278332 278332 2556154 2556154 121632 121632 295128 295128 240086 240086 92180 92180 115208 115208 177953 177953 1176964 1176964 356183 356183 281686 281686 65843 65843 7500 7500 395262 395262 207168 207168 55594 55594 PROVISION FOR LOAN LOSS 860961 860961 LOAN SERVICING 390961 390961 MISCELLANEOUS 42440 42440 EXAMINATION FEES 36181 36181 48452 48452 7801868 7801868 0 0 1879419 1805592 26120814 36648260 319428 314169 78635983 84507542 195024 242602 7458346 3409236 4276526 4049110 10863550 6969574 8779000 6569000 1317132 1648808 132386876 142754657 1491945 1405102 114989938 124680698 116481883 126085800 X 0 0 0 0 15904993 16668857 15904993 16668857 132386876 142754657 686447 77417 0 X 0 1 X 1 0 0 0 1586199 1586199 3663381 1581669 2081712 2208766 1827567 381199 4049110 SHARE ACCOUNTS 42706483 SHARE DRAFT ACCOUNTS 17271594 PIONEER CLUB ACCOUNTS 20375462 IRA SHARE ACCOUNTS 2155336 IRA CERTIFICATE ACCOUNTS 6288103 SHARE CERTIFICATE ACCOUNTS 22904024 MONEY MARKET ACCOUNTS 12979696 124680698 X 8560723 0 8560723 -72408 -72408 8488315 7874276 72408 72408 7801868 0 7801868 PART X, LINE 2: 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. 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 2014, 2013, AND 2012 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSSES FROM THE SALE OF ASSETS REPORTED AS EXPENSE ON THE AUDITED FS PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSSES FROM THE SALE OF ASSETS REPORTED AS EXPENSE ON THE AUDITED FS X X 0 0 0 CAROLYN DWELLE CEO 151005 0 0 0 0 0 8070 0 4157 0 163232 0 0 0 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 THE MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT/CEO, VICE-PRESIDENT OF FINANCE, VICE-PRESIDENT OF COMPLIANCE AND VICE-PRESIDENT OF ADMINISTRATION WILL REVIEW AND APPROVE THE DRAFT FORM 990 BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE VICE-PRESIDENT OF COMPLIANCE, UNDER DIRECTION OF THE PRESIDENT/CEO, MONITORS THE CONFLICT OF INTEREST POLICY FOR CENTRAL CREDIT UNION OF FLORIDA. THIS INCLUDES VENDOR MANAGEMENT, EMPLOYEE TRAINING AND MONITORING OF EMPLOYEE TRANSACTIONS. ALL NEW EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST POLICY AS PART OF THE CODE OF CONDUCT. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD OF DIRECTORS USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR ALL OTHER EMPLOYEES IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE CEO UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. 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 MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING.