2015-07-29T12:12:00-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 591009534 CENTRAL CREDIT UNION OF FLORIDA CENT 8504740970 PO BOX 17048 PENSACOLA FL 32522 CAROLYN DWELLE PRESIDENTCEO 2015-07-29 true DOUGLAS ORTH 3052328272 2015-07-29 2014 2016-03-07 17:11:31Z CAROLYN DWELLE 6200 NORTH W STREET PENSACOLA FL 32505 8506383 false 2106 X www.ccufl.org X CREDIT UNION 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 74 8 99741 -6975 0 7381498 7883510 386010 191185 0 7767508 8074695 0 0 3072183 3274971 0 0 3971285 3688646 7043468 6963617 724040 1111078 126260384 132386876 112123596 116481883 14136788 15904993 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. false false 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. false false false false false false false false false true true false false true true true false 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 false true 6304 0 true 74 true true true false false false false false X 5 5 false false false false true true true true true false false false true true true false true true true false X CENTRAL CREDIT UNION OF FLORIDA 8504740970 6200 NORTH W STREET PENSACOLA FL 325051918 JOHN SCOTT SECRETARY 010.00 010.00 X 0 0 0 JOHN KEITH CHAIRMAN 010.00 010.00 X 0 0 0 ANDREA KRIEGER V. CHAIRMAN 010.00 010.00 X 0 0 0 JUANITA ASHLEY DIRECTOR 010.00 010.00 X 0 0 0 RONNIE LABRATO TREASURER 010.00 010.00 X 0 0 0 CAROLYN DWELLE CEO 040.00 040.00 X 147051 0 10685 KATHY BOSWELL VP/CFO 040.00 040.00 X 105566 0 11411 252617 22096 2 false true false FISERV 250 JOHNSON AVENUE MORRIS PLAINS IL 07950 NETWORK PROCESSOR 129932 JACK HENRY AND ASSOCIATES PO BOX 91101 SEATTLE WA 98111 SYSTEM SOFTWARE 210361 SAM MARSHALL 325 S PALAFOX STREET PENSACOLA FL 32501 ARCHITECTS 102700 PEMCO 1100 OLIVE WAY SUITE 320 SEATTLE WA 98101 CARD PROCESSOR 168520 ACCESS SOFTEK 727 ALLSTON WAY SUITE C BERKLEY CA 94710 SOFTWARE 110366 5 INTEREST ON LOANS 522100 4457099 4457099 FEES/OTHER 522100 3326670 3326670 UNRELATED BUSINESS INCOME 524298 99741 99741 7883510 407250 407250 3985 211638 4919 426769 -934 -215131 -216065 -216065 8074695 7974954 99741 0 0 0 0 274713 274713 0 2354184 2354184 118412 118412 299577 299577 228085 228085 0 67381 67381 120302 120302 0 0 0 147341 147341 1148493 1148493 310907 310907 0 262458 262458 67856 67856 0 7500 7500 524817 524817 0 192336 192336 61111 61111 SEE ATTACHED SCHEDULE 778144 778144 0 6963617 6963617 1742383 1879419 20583958 26120814 318123 319428 71676936 78635983 222712 195024 7551094 3274568 4261637 4276526 11313634 10863550 14837059 8779000 1303942 1317132 126260384 132386876 1713026 1491945 110410570 114989938 112123596 116481883 X 14136788 15904993 14136788 15904993 126260384 132386876 1111078 657127 X false true X true false false 1586199 1586199 3663381 1415618 2247763 2301514 1858950 442564 4276526 Financial derivatives and other financial products Closely-held equity interests CERTIFICATES OF DEPOSIT - LONG TERM 5579000 F CORPORATE ONE - PERMANENT CAPITAL 900000 F CORPORATE AMERICA - PPC 320567 F CORPORATE AMERICA - NON PERPETUAL CAPITAL 1979433 F CORPORATE ONE - FED FUNDS F 8779000 Federal income taxes SHARE ACCOUNTS 38209459 SHARE DRAFT ACCOUNTS 15334311 PIONEER CLUB ACCOUNTS 17948406 IRA SHARE ACCOUNTS 2224305 IRA CERTIFICATE ACCOUNTS 6729439 SHARE CERTIFICATE ACCOUNTS 24052136 MONEY MARKET ACCOUNTS 10491882 114989938 X 8122873 8122873 -48178 -48178 8074695 7011795 48178 48178 6963617 6963617 X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE 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 THE INTERNAL REVENUE CODE IRC SECTION 501C14. 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 UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL 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 RECOGNITON 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 2013, 2012, AND 2011 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. XI 4B NET LOSSES FROM THE SALE OF OREO AND REPOSSESSED AUTOMOBILES. XII 2D NET LOSSES FROM THE SALE OF OREO AND REPOSSESSED AUTOMOBILES. X X false false false CAROLYN DWELLE CEO 147051 7835 2850 157736 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 BODYS 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 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 CEOS 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 CEOS 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 UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING.