2015-10-26T06:31:52-05:00 2014-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2014-01-01 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 2015-10-05 1 ROBERT PARKS CPA P00740435 2482443000 2014 2016-02-25 16:41:14Z LARRY F TOBIN 135 W CENTRAL BLVD ORLANDO FL 32801 101695873 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 7 717 10 3262302 -899118 0 0 74884927 75489414 7575359 11843885 3517025 3232242 85977311 90565541 0 0 0 0 31769432 35178349 0 0 0 42041713 40642763 73811145 75821112 12166166 14744429 1691975559 1776045359 1553322824 1609853104 138652735 166192255 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 LOANS: DISBURSED $523.6 MILLION IN LOANS LOWERING MEMBERS INTEREST RATE BY .40%. REDUCED THE DELINQUENT LOANS BY .80% AND CHARGED OFF LOANS BY .74%. LOAN GROWTH CONTINUED AT 13.98%. DEPOSIT SERVICES: CONTINUE TO GROW MEMBERSHIP BASE BY 3% FOR THE FOURTH STRAIGHT YEAR. CREDIT CARDS: GREW ACTIVE CARDS BY 19% AND MEMBER TRANSACTIONS INCREASED BY 10% OVER 2013. DEBIT CARDS: GREW ACTIVE CARDS BY 3% AND MEMBER TRANSACTIONS INCREASED BY 9% OVER 2013. 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 62078 0 1 717 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 959450 0 28268 KATHY CHONODY CFO 60.00 X 635227 0 35460 PHILLIP TISCHER COO 60.00 X 464525 0 21668 MATHY HOGAN EXEC VP - ESERVICES 60.00 X 274565 0 17326 DIANNE OWEN EXEC VP - MARKETING 60.00 X 264752 0 24902 CHARLES LAI CIO 60.00 X 278785 0 15365 JAMES ADAMCZYK EXEC VP - LENDING 60.00 X 270670 0 16815 CATHY HERTZ EXEC VP - HUMAN RESOURCE M 60.00 X 252946 0 13899 THOMAS HOWELL VP-FINANCIAL ADVISOR 60.00 X 266827 0 19460 MICHELLE KLIMA SVP - ACCOUNTING/CONTROLLER 60.00 X 185783 0 13929 ERIC RIVERA VP - FINANCIAL ADVISOR 60.00 X 197020 0 9922 DANIEL T BOCK III SVP - FINANCE 60.00 X 200313 0 14543 JORGE M FONT SVP - BUSINESS SERVICES 60.00 X 181963 0 19832 4432826 0 251389 26 0 1 0 FISERV PO BOX 416564 BOSTON MA 022416564 COMPUTER MAINTENANCE 2213513 FIRST DATA CORP 12510 E BELFORD AVE M23A3 ENGELWOOD CO 801125939 DEBIT & CREDIT CARD PROCESSOR 1815004 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 DEBIT & CREDIT CARD PROCESSOR 969737 PENDUM LLC PO BOX 72409 CLEVELAND OH 441920002 ATM MACHINE MAINTENANCE 932863 ALBU & ASSOCIATES 2711 W FAIRBANKS AVE WINTER PARK FL 32789 CONSTRUCTION CONTRACTOR 772817 38 INTEREST INCOME ON LOANS 522100 41624311 41624311 FEES/CHARGES 522100 33865103 33865103 75489414 12753766 12753766 177021 207081 -30060 -30060 -30060 2248812 7764558 1738106 9185145 510706 -1420587 -909881 -909881 WEALTH MANAGEMENT FEES 525990 2204978 2204978 INSURANCE PRODUCTS 524298 754330 754330 NON-MEMBER ATM FEES 525990 302994 302994 3262302 90565541 75489414 3262302 11813825 3574623 25058415 963715 3642664 1938932 151033 183993 653140 2516992 2825671 4713185 365413 128592 2945499 7372083 CREDIT/DEBIT CARD EXPEN 5543660 INTEREST AND DIVIDEND E 4337346 LOAN SERVICING EXPENSE 2452604 ATM EXPENSE 1767645 4685907 75821112 20085190 62100098 32643146 30340522 970456 1327433 841980416 966754238 613335 553187 116889617 46791387 72359850 70098230 664841444 587671145 58481722 57200506 1691975559 1776045359 11792631 12872012 992891 1077379 75000000 75000000 1465537302 1520903713 1553322824 1609853104 X 0 0 0 0 138652735 166192255 138652735 166192255 1691975559 1776045359 14744429 12795091 0 X X 0 0 0 23072564 23072564 50274751 12408138 37866613 10198763 6097056 4101707 33343539 28286193 5057346 70098230 FHLB DEPOSIT 4912040 C FLORIDA CU SHARES SERVICES, INC. 16719 C CUSO FINANCIAL SERVICES, LLC 200000 C CREDIT UNION 24, INC. 179473 C PSCU, INC. 992378 C INVESTMENTS - AVAILABLE FOR SALE 580348708 F INVESTMENTS - HELD TO MATURITY 1021827 C 587671145 INTEREST AND DIVIDENDS PAYABLE 372432 MEMBER SHARES 1520531281 1520903713 X X 1 1 X X X 0 1 0 LARRY TOBIN CEO/PRESIDENT 522920 0 382200 0 54330 0 13000 0 15268 0 987718 0 0 0 KATHY CHONODY CFO 343662 0 201411 0 90154 0 13000 0 22460 0 670687 0 0 0 PHILLIP TISCHER COO 309863 0 137545 0 17117 0 10954 0 10714 0 486193 0 0 0 MATHY HOGAN EXEC VP - ESERVICES 206743 0 58469 0 9353 0 12569 0 4757 0 291891 0 0 0 DIANNE OWEN EXEC VP - MARKETING 199228 0 56897 0 8627 0 12518 0 12384 0 289654 0 0 0 CHARLES LAI CIO 218551 0 60234 0 0 0 10580 0 4785 0 294150 0 0 0 JAMES ADAMCZYK EXEC VP - LENDING 203672 0 58294 0 8704 0 4719 0 12096 0 287485 0 0 0 CATHY HERTZ EXEC VP - HUMAN RESOURCE M 193924 0 54771 0 4251 0 9213 0 4686 0 266845 0 0 0 THOMAS HOWELL VP-FINANCIAL ADVISOR 266827 0 0 0 0 0 13000 0 6460 0 286287 0 0 0 MICHELLE KLIMA SVP - ACCOUNTING/CONTROLLER 145599 0 30938 0 9246 0 9480 0 4449 0 199712 0 0 0 ERIC RIVERA VP - FINANCIAL ADVISOR 196358 0 0 0 662 0 9727 0 195 0 206942 0 0 0 DANIEL T BOCK III SVP - FINANCE 157020 0 33391 0 9902 0 10084 0 4459 0 214856 0 0 0 JORGE M FONT SVP - BUSINESS SERVICES 158850 0 22478 0 635 0 7987 0 11845 0 201795 0 0 0 PART I, LINE 1A PROVIDES HOME SECURITY SYSTEM AND MONITORING FOR CEO AND CFO. 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 PRES OF ALBU & ASSOC. 722817 THE CREDIT UNION PAID ALBU AND ASSOCIATES $722,817 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 59148 FAIRWINDS CREDIT UNION FAIRWINDS INSURANCE SERVICES LLC 135 W CENTRAL BLVD ORLANDO FL 32801 452718103 PROVIDING INSURANCE SERVICES FL -934 190343 FAIRWINDS CREDIT UNION