2013-08-26T16:57:54-07:00 2012-12-31 990 2012-01-01 590860768 STATE CHARTERED CREDIT UNIONS IN FLORIDA STAT 3216373120 1030 South US 1 Rockledge FL 32955 Margaret Hasenbeck 3216903120 2013-08-21 2012 2016-02-24 21:20:13Z Community Credit Union Of Florida 1030 South US 1 Rockledge FL 32955 24579703 0 X www.ccuflorida.org X 1953 FL Community Credit Union of Florida provides financial services to it's 33,453 members as of 12/31/2012. CCUflorida is servicing 18,280 member loans and has a total of 67,885 deposit accounts. 5 5 94 5 105747 0 0 0 23202527 24131007 288692 415877 16444 32819 23507663 24579703 32590 15040 0 0 4947874 5185863 0 0 15334262 13054143 20314726 18255046 3192937 6324657 383812722 408386714 349806474 369075566 34006248 39311148 Community Credit Union of Florida is a member owned, not-for-profit, financial cooperative formed in 1953 by local educators. CCU of Florida has grown to more than 33,000 members, CCU's mission is to "Always improve the financial well-being of our members and make a positive difference in our community. 0 0 Loans receivable, interest earned on 18,280 loans. Offer financial services to 33,453 members in the form of deposit accounts, debit/atm cards, money orders, safe deposit boxes, wire transfers and many other services that are provided by Community Credit Union of Florida. Investments are used as a means of extra earnings on deposited funds that have not been utilized for any lending programs. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 9602 0 1 94 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 0 0 1 1 0 0 FL X David O Brock 3216902328 1030 South US 1 Rockledge FL 32955 Henry Kelley 1 0 X X 0 0 0 Dorotha Everhart 1 0 X X 0 0 0 Linda Dale 1 0 X X 0 0 0 James Platman 1 0 X X 0 0 0 Betty Dunn 1 0 X X 0 0 0 David O Brock 50 0 X 334421 0 18365 Laurie Cappelli 50 0 X 139092 0 5670 Jmaes Chastain 50 0 X 103904 0 5670 Lesli Dooley 50 0 X 110210 0 5670 Sara Stern 50 0 X 101556 0 421 789183 0 35796 5 0 1 0 Health Fires PO BOX 628256 Orlando FL 32862 Health Insurance 468882 Lending Soultions 2200 Point Ave Elgin IL 60123 Out sourced solutions 396393 FISERVE 75 Remittance Dr Chicago IL 60675 Payment Processing 214169 ATT PO BOX 105503 Atlanta GA 30348 Phone 199213 CUNA PO Box 431 Madison WI 53701 Insurance 198907 9 0 Member Loans 522100 18740911 18740911 0 0 Service Charges and other fees 522100 3450433 3344686 105747 0 Interchange Income 522100 1860567 1860567 0 0 Gain on Sale of Loans 522100 79096 79096 0 0 0 0 0 0 24131007 415877 0 0 415877 0 0 0 0 0 0 0 0 0 0 0 0 Misc Incom 900099 32819 32819 0 0 0 0 0 0 32819 24579703 24058079 105747 415877 15040 0 0 0 789183 0 3282736 167658 608594 337692 0 79586 106604 0 0 0 0 568713 1220542 283404 0 567035 50925 0 141078 1675858 0 566303 110461 Provision for Loan Loss 3450912 Card Services 1065860 Loan Servicing 1323433 1843429 18255046 0 0 0 3976269 2702816 60276390 34879838 750456 887535 271398772 302231943 6325903 9017098 17080339 8151708 9051530 8928631 29832041 44819040 2201361 4919813 383812722 408386714 2384834 2368736 347421640 366706830 349806474 369075566 X 0 0 0 0 34006248 39311148 34006248 39311148 383812722 408386714 X 6324657 0 0 0 -76800 -942957 X 0 1 X 1 0 0 3296641 3296641 0 13553448 7922542 5630906 0 230250 229166 1084 0 0 0 0 0 0 0 0 8928631 FHLB Stock 580300 F CU 24 ATM Network 73764 F Goverment Agencies 38508976 F Bank Certificates of Deposit 5656000 F 44819040 Member Shares 366706830 366706830 X 24579703 0 0 0 0 0 24579703 0 0 0 24579703 18255046 0 0 0 0 0 18255046 0 0 0 18255046 SchD_P10_S00_L02 Schedule D, Part X, Line 2 Deposits of our membership such as checking, savings, IRA, certificate of deposits and money market accounts. The credit union is exempt by statue from federal and state income taxes. The Internal Revenue Service and certain state taxing authorities are currently revisiting what if any, products and services provided by state chartered credit unions or their credit union service organizations are subject to unrelated business tax (UBITS). There is very little guidance in the IRS code on what activities should be subject to UBIT. The IRS has recently issued certain technical advice memorandums identifing certain activities as being subject to UBIT. As a result, at this time these is uncertainty regarding whether state chartered credit unions should pay income tax on certain types of net taxable income from activities that may be considered by taxing authorities as unrelated to the purpose for which credit unions were granted non-taxable status. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities deemed unrelated to the credit union's non-taxable status is not expected to have a material effect on the financial position or results of operation. A tax position, including the position that the credit union is not subject to income tax, is recognized as a benefit only if is is "more liekly that not" that the tax position whould be sustained in a tax examination, with a tax examination being presumed to occur. 1 Brevard Schools Foundation 2700 Judge Fran Jameson Way Viera FL 32940 592895155 501 c 3 15040 0 n/a n/a Fund Education 1 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The credit union donates funds to charitable organizations within our field of membership. The annual budgeting process is when the executive team looks at requests and finalizes the amount to be allocated for donations for the up coming year. The CU donates for specific charitalbe events, with the check being submitted to the event representative. These funds are tracked on an annual basis by the marketing department. X 1 1 X X X 0 1 0 David O Brock 301919 0 23871 0 8631 0 1839 0 18365 0 354625 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The CEO received board approval for reimbursement of travel expenses for spouse when accompanying CEO on credit union travel. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 David Brock received 1,839 from his participation in a supplemental non qualified retirement plan. David O Brock CEO SERP X 750456 887535 0 1 1 887535 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Community Credit Union of Florida had 33,453 active members as of December 31 2013 F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Membership participates in the election of the Board of Directors at the annual meeting held during the first quarter of every year. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is presented to the Board of Directors during a "Special Session" of the monthly board of directors meeting. A copy of the completed form and schedule is given to each board member and the prepairer of the form goes over the return, answering any questions as they are presented. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation of the executive officer is determined by the board of directors annually. The board first conducts performance review, compensation survey study is completed. Contract negoiations conducted between CEO and Board. Contract is drawn up, reviewed by legal. Then approved and signed by the Board. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policies, and financial statements are not required disclosures pursuant of internal revenue code (IRC) section 6104. But, the organization posts the monthly financial statements in the lobby of each branch. F990_P11_S00_L09 Form 990, Part XI, Line 9 Change in Pension Plan I files a paper return and received notice back for the IRS that electronic (e-File) was required.