2014-08-12T12:20:51-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 590857430 floridacentral CREDIT UNION FLOR 8138793333 3333 HENDERSON BLVD TAMPA FL 33679 JIM PARISI SVPCFO 2014-08-11 true DOUGLAS ORTH 3052328272 2014-08-11 2013 2015-11-30 17:44:51Z LAIDA E GARCIA 3333 HENDERSON BLVD TAMPA FL 33609 20624897 false 2106 X www.fccuonline.com X CREDIT UNION 1991 FL floridacentral CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS. 7 6 172 9 0 0 17643074 17526464 2465440 2098976 456798 593247 20565312 20218687 0 0 6432913 7568845 0 0 11841459 10889861 18274372 18458706 2290940 1759981 384383811 386819806 351831346 351702678 32552465 35117128 floridacentral CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS. 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 false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 15717 0 true 172 true false false false false false false X 7 6 false false false false true true false true true false false false false false false false true true true false X JAMES S PARISI 8133876112 3333 HENDERSON BLVD TAMPA FL 33609 LAIDA E GARCIA CEO/TREASURER OF THE BOARD 040.00 040.00 X X 682670 0 53755 NED HINES CHAIRMAN OF THE BOARD 001.00 001.00 X 0 0 0 DAVE KELSEY VICE CHAIRMAN OF THE BOARD 001.00 001.00 X 0 0 0 KEN SPENSE BOARD DIRECTOR 001.00 001.00 X 0 0 0 MARGARET SPURRIER SECRETARY 001.00 001.00 X 0 0 0 STEPHEN SHEAR BOARD DIRECTOR 001.00 001.00 X 0 0 0 STEVIE OSTERLAND BOARD DIRECTOR 001.00 001.00 X 0 0 0 JAMES S PARISI CFO 040.00 040.00 X 146479 0 18367 JULIE FLATT SVP/COO 040.00 040.00 X 121107 0 16075 PATRICIAL WADDELL IT MANAGER 040.00 040.00 X 99519 0 14936 JOSEPH MATTA ACCOUNTING MANAGER 040.00 040.00 X 91113 0 13155 THOMAS CHESNUTT DIRECTOR OF SALES 040.00 040.00 X 122267 0 6299 1263155 122587 6 false true false LENDERS OPTION PO BOX 52627 SHREVEPORT LA 71135 RISK BASED LOAN INSURANCE 350916 COX RADIO PO BOX 861852 ORLANDO FL 32886 RADIO ADVERTISING 295210 BANCVUE PO BOX 527 LUBBOCK TX 79408 REWARD CHECKING 264554 BUTTERFLY INFORMATION TECHNOLOGY 11950 NW 39TH ST CORAL SPRINGS FL 33065 MAILING HOUSE 275029 FISERV 75 REMITTANCE DRIVE SUITE 6945 CHICAGO IL 60675 IN HOUSE CORE PROCESSOR 276106 10 INTEREST ON LOANS 522100 11914611 11914611 FEES/CHARGES/OTHER 522100 5611853 5611853 17526464 2039563 2039563 235698 101650 134048 134048 134048 363973 304560 59413 59413 59413 OTHER NON OPERATING INCOME 522100 459199 459199 459199 20218687 20218687 0 0 0 0 901271 901271 0 5254986 5254986 81050 81050 876087 876087 455451 455451 0 67263 67263 32285 32285 0 0 131326 131326 808837 808837 1786253 1786253 622282 622282 0 926338 926338 175158 175158 0 18308 18308 1647030 1647030 0 666897 666897 207221 207221 SEE ATTACHED SCHEDULE 3800663 3800663 0 18458706 18458706 3432987 3400013 44928968 23414406 1517458 1533475 207283646 233525588 3252865 3968279 18200312 5263653 12618600 12936659 95351848 91438722 712259 774398 15285180 15828266 384383811 386819806 5336478 3237466 346494868 348465212 351831346 351702678 X 32552465 35117128 32552465 35117128 384383811 386819806 X 1759981 804682 X false true X true false false 5273429 5273429 7012290 860229 6152061 401086 86115 314971 5513507 4317309 1196198 12936659 Financial derivatives and other financial products Closely-held equity interests Federal income taxes REGULAR SHARES 118554037 CHRISTMAS CLUB 243670 TIME DEPOSITS 40009452 CHECKING ACCOUNTS 25623435 ULTIMATE CHECKING 112487357 IRA ACCOUNTS 12369422 IRA CERTIFICATES 10797615 MONEY MARKETS 24364712 ESCROW 425 REGULAR SHARE BUSINESS 626358 SHARE DRAFT BUSINESS 3388729 348465212 X X 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 CONSOLIDATED 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 THE UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS TO SPECIFIC STATE CHARTERD CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. AS A RESULT OF ADOPTING THE INCOME TAX TOPIC OF THE FASB ASC, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS PRIOR TO JUNE 30, 2013. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAD DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNIONS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2013 AND 2012. X true true X X X X false true false LAIDA E GARCIA CEO/TREASURER OF THE BOARD 298094 384576 38813 14942 736425 JAMES S PARISI CFO 146479 9173 9194 164846 Part I Line 4B DURING 2013, THE CREDIT UNION FUNDED 17,000 FOR LAIDA GARCIAS PRESIDENT/CEO 457B PLAN BENEFIT. Part I Line 4B DURING 2013, THE CREDIT UNION ACCRUED 13,588 FOR A DEFERRED COMPENSATION PLAN FOR LAIDA GARCIA PRESIDENT/CEO. Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS. Form 990, Part VI, Section A, Line 7A CREDIT UNION IS A NOT FOR PROFIT, MEMBER OWNED COOPERATIVE. MEMBERS ARE INVOLVED IN ELECTIONS OF BOARD MEMBERS AND TRANSACTIONS THAT REQUIRE THEIR PARTICIPATION. 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 ACCOUNTING MANAGER IS IN CHARGE OF PREPARING FORM 990. THE PRESIDENT AND CEO OF THE CREDIT UNION ALONG WITH THE CFO REVIEW THE RETURN AND MAKE THE NECESSARY CORRECTIONS. THE RETURN IS FILED WHEN COMPLETED. Form 990, Part VI, Section B, Line 15A A PERFORMANCE EVALUATION FORM IS COMPLETED BY THE BOARD ANNUALLY FOR THE CEO. CEO SALARY IS ALSO DETERMINED BY THE BOARD. Form 990, Part VI, Section B, Line 15B AN EVALUATION IS PERFORMED ANNUALLY BY THE CEO. JOB GRADES AND COMPENSATION RANGES FOR EACH GRADE ARE ESTABLISHED BY A THIRD-PARTY COMPENSATION FORM KOGER, GOODWIN AND ASSOCIATES. 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 THE NCUA.GOV WEBSITE VIA THE QUARTERLY 5300 FILING. Form 990, Part XI, Line 9 NET PENSION GAINS MEMBER SERVICES CORPORATION PO BOX 18605 TAMPA FL 336798605 592678556 CREDIT UNION SUPPORT SERVICE FL FLORIDA CENTRAL CREDIT UNION C Corp 522696 363941 1.00000 true false false false false false false false false false false false false false true true false false false false MEMBER SERVICES CORPORATION INC n 20376 ACTUAL MEMBER SERVICES CORPORATION INC o 13387 ACTUAL