2014-06-27T06:07:59-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 590564247 PEOPLES CREDIT UNION PEOP 9547044100 9560 PINES BOULEVARD PEMBROKE PINES FL 33024 JEFFREY MILLER PRESIDENTCEO 2014-06-27 true DOUGLAS ORTH 3052328272 2014-06-27 2013 2015-11-30 17:44:51Z JEFFREY T MILLER 9560 PINES BOULEVARD PEMBROKE PINES FL 33024 5871126 false 2106 X www.pcufla.org X CREDIT UNION 1991 FL COMMUNITY CREDIT UNION 5 5 48 7 265146 -134935 0 3810417 5136935 1141329 734191 0 4951746 5871126 0 0 2124982 2132528 0 0 2724078 3016702 4849060 5149230 102686 721896 78305736 77745305 71156382 70657920 7149354 7087385 COMMUNITY CREDIT UNION false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION 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 true 1167 0 true 48 true true true false false false false false X 5 5 false false false false true true true true true false false false true false false false true true true false X WILLIAM WASSERSTROM 9545151517 9560 PINES BOULEVARD PEMBROKE PINES FL 33024 J ROSS CHAIRMAN 001.00 001.00 X 0 0 0 T RIBEL VICE CHAIRMAN 001.00 001.00 X 0 0 0 SBARR DIRECTOR/AUDIT COMM. 001.00 001.00 X 0 0 0 DBERGER DIRECTOR 001.00 001.00 X 0 0 0 DHESLER SECRETARY/TREASURER 001.00 001.00 X 0 0 0 BSAMUELS CHAIRMAN AUDIT COMM. 001.00 001.00 X 0 0 0 W SERDA AUDIT COMM. 001.00 001.00 X 0 0 0 JT MILLER CEO 040.00 040.00 X 156000 0 14532 W WASSERSTROM V. PRES. FINANCE 040.00 040.00 X 73002 0 9697 229002 24229 1 false true false FISERV-AFTECH 455 S GULPH ROAD SUITE 201 KING OF PRUSSIA PA 19406 DATA PROCESSING 175503 JOKEN ASSOCIATES PO BOX 552170 DAVIE FL 33355 RENT-11645 BISCAYNE 128106 FISERV-EFT 4550 SW MACADAM AVENUE PORTLAND OR 97239 DATA PROCESSING 177841 3 INTEREST ON LOANS 522100 985796 985796 FEES/CHARGES 522100 3885993 3885993 UNRELATED BUSINESS INCOME 900099 265146 265146 5136935 734191 734191 5871126 5605980 265146 0 0 0 0 253231 253231 0 1392161 1392161 159285 159285 192243 192243 135608 135608 0 41178 41178 27600 27600 0 0 149158 149158 14654 14654 274056 274056 162541 162541 0 511208 511208 0 0 9136 9136 107688 107688 0 188799 188799 109970 109970 SEE ATTACHED SCHEDULE 1420714 1420714 0 5149230 5149230 10232658 16415511 22275538 14751683 24563 716232 13335664 18276081 153436 125633 8250448 2485993 5941553 5764455 14200350 12945689 9683463 6215463 1393499 1351327 1065012 1183231 78305736 77745305 1284968 1116988 69871414 69540932 71156382 70657920 X 7149354 7087385 7149354 7087385 78305736 77745305 721896 -783865 X false true X true false false 2043970 2043970 4047472 948363 3099109 293456 109894 183562 1865550 1427736 437814 5764455 Financial derivatives and other financial products Closely-held equity interests RESTRICTED MEMBERSHIP CAPITAL SHARES 464463 F CERTIFICATES OF DEPOSIT 5751000 F 6215463 Federal income taxes MEMBER DEPOSITS - SHARE ACCOUNTS-SAVINGS AND CLUB 34400448 MEMBER DEPOSITS - SHARE DRAFT ACCOUNTS 14776730 MEMBER DEPOSITS - CERTIFICATES 10751232 MEMBER DEPOSITS - IRAs 908102 MEMBER DEPOSITS - MONEY MARKET ACCOUNTS 8704420 69540932 X 5871126 5871126 5871126 5149230 5149230 5149230 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 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 2011, 2010, AND 2009 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. X X X false false false JT MILLER CEO 133000 20000 6000 7500 7032 173532 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 11B ONCE THE FORM 990 HAS BEEN COMPLETED BY THE CPA FIRM, IT IS REVIEWED BY THE VICE PRESIDENT OF FINANCE FOR ACCURACY, THEN BY THE PRESIDENT/CEO. SUBSEQUENT TO FILING, THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE. Form 990, Part VI, Section B, Line 15A,B THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES COMPEASE FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION. THE CEO USES COMPEASE TO REVIEW SALARIES AND PAY RANGES ON AN ANNUAL BASIS FOR ALL OTHER EMPLOYEES. 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 AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990, Part VI, Section A, Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE 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.