2012-10-17T23:31:24-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 590637646 CAMPUS USA CREDIT UNION CAMP 3523359090 PO BOX 147029 GAINESVILLE FL 32614 TOM STUDLEY 2012-10-17 true DOUGLAS ORTH 3052328272 2012-10-17 2011 2016-02-24 21:20:13Z TOM STUDLEY 14007 NW 1ST ROAD JONESVILLE FL 32669 96405077 false 2106 X www.campuscu.com X CREDIT UNION 1935 FL CAMPUS USA CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION PROVIDER. IT HAS SIX COUNTIES FOR MEMBERSHIP WITH COMPETITIVE SAVINGS AND LOAN RATES ALONG WITH EXCEPTIONAL MEMBER SERVICE. 9 9 265 9 703170 123868 0 52369136 47303578 5739499 5118073 526107 948745 58634742 53370396 0 0 14310721 14428498 0 0 38983325 29286534 53294046 43715032 5340696 9655364 1049946079 1080638613 924118040 948327902 125828039 132310711 THE MISSION OF OUR CREDIT UNION IS TO RESPOND TO THE NEEDS OF THE MEMBERSHIP BY OFFERING THE BEST FINANCIAL SERVICES. OUR CREDIT UNION IS A NOT-FOR-PROFIT SERVICE ORGANIZATION WHICH MAINTAINS A STRONG FINANCIAL FOUNDATION. false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. false false true false false false false false true false 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 17558 0 true 265 true true true false false false false false X 9 9 false false false false true true false true true false false false true true true true true true true false X TOM STUDLEY 3523359090 14007 NW 1ST ROAD JONESVILLE FL 32669 RL SCOTT 040.00 X X 461438 0 303350 DR P WELCH 002.50 X 0 0 0 J BENNET 002.50 X 0 0 0 W WILLIAMS 002.50 X 0 0 0 K BURKETT 002.50 X 0 0 0 R RIVERS 002.50 X 0 0 0 P HINSON 002.50 X 0 0 0 J HUTTO 002.50 X 0 0 0 R PUCKETT 002.50 X 0 0 0 M WALDORFF 002.50 X 0 0 0 J BENTON 040.00 X 197024 0 60097 G WATERS 040.00 X 203159 0 63063 T STUDLEY 040.00 X X 195567 0 66384 J THACKREY 040.00 X 165016 0 56100 R WISE 040.00 X 156999 0 51041 F HILTON 040.00 X 162392 0 32167 1541595 632202 7 false true false SCHERER CONSTRUCTION 2504 NW 71 PLACE GAINESVILLE FL 32653 CONSTRUCTION 942747 PRINCIPAL FINANCIAL 711 HIGH STREET DES MOINES IA 50392 PENSION PLAN 2024666 BCBS PO BOX 1798 JACKSONVILLE FL 32231 INSURANCE PREMIUMS 1314081 ADVANCED SYSTEMS 11 SW 1 STREET WILLISTON FL 32696 MAINT REPAIRS 657453 AAA AUTO 1515 N WESTSHORE BLVD TAMPA FL 33607 INDIRECT LOAN PREMIUMS 634770 5 INTEREST ON LOANS 522100 38949000 38949000 FEES/CHARGES 522100 7651408 7651408 SECURITY SALES 523000 621944 621944 MBI 524298 17390 17390 NON-MEMBER ATM FEES 522200 63836 63836 47303578 4933197 4933197 42601304 618253 42446599 588082 154705 30171 184876 184876 OTHER INCOME 522100 948745 948745 948745 53370396 52667226 703170 0 0 0 0 1026739 1026739 0 9518795 9518795 1728731 1728731 1381083 1381083 773150 773150 0 0 626607 626607 0 0 97777 97777 1282101 1282101 2203569 2203569 0 0 2018608 2018608 0 0 0 8605614 8605614 0 2598433 2598433 264460 264460 SEE ATTACHED SCHEDULE 11589365 11589365 0 43715032 43715032 38611683 64832561 57656103 51187118 4375636 3643235 658730561 662468173 1640261 539647 59389231 14619447 44932487 44769784 226080790 223029795 3052480 16155556 14866078 14012744 1049946079 1080638613 7066928 12504857 16690463 10500000 900360649 925323045 924118040 948327902 X 125828039 132310711 125828039 132310711 1049946079 1080638613 X 9655364 -3172692 X false true true X false 4778 4778 4778 true FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC) 3773 COMMONWEALTH BLVD TALLAHASSEE FL 32303 590246163 4778 false 11331319 10773617 34793968 5003404 29790564 1778501 1558368 220133 11485443 7499973 3985470 44769784 SHARE DRAFTS 116793918 SHARE AND EQUIVALENTS 295375546 MONEY MARKET ACCOUNTS 148510759 IRA SHARES 25325595 SHARE AND IRA CERTIFICATES 339317227 925323045 53370396 43715032 9655364 1324117 -4496809 -3172692 6482672 53370396 53370396 53370396 43715032 43715032 43715032 X 2 FASB ASC 740-10-25 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. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND X 2 continued... 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 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. X 2 continued... 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 8 RECLASSIFICATION ADJUSTMENTS FOR GAINS ON SALE OR REDEMPTION OF CALLABLE INVESTMENT SECURITIES IN THE AMOUNT OF 177,492 PLUS NET PENSION LOSSES OF 4,319,317. X X X true false X X false false false RL SCOTT 373228 72500 15710 285322 18028 764788 J BENTON 167095 28500 1429 46450 13647 257121 G WATERS 169383 28500 5276 46785 16278 266222 T STUDLEY 162614 31000 1953 45767 20617 261951 J THACKREY 133986 28500 2530 43107 12993 221116 R WISE 125587 28500 2912 41984 9057 208040 F HILTON 153061 8201 1130 16370 15797 194559 Form 990 Part VI 6 THE ORGANIZATION HAS MEMBERS. Form 990 Part VI 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Form 990 Part VI 11A THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN AND USES THE CPA FIRM TO HELP COMPLETE THE FINANCIAL ASPECT OF THE RETURN. THE RETURN IS PRESENTED TO THE CREDIT VP OR HR, VP OF OPERATIONS AND TO THE PRESIDENT/CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. Form 990 Part VI 12C THE CONFLICTS OF INTEREST POLICY GOVERNS THE ACTIONS OF DIRECTORS, AUDIT COMMITTEE MEMBERS, ANY OTHER UNPAID MEMBER VOLUNTEERS AND ALL SENIOR MANAGERS OF THE CREDIT UNION. THE POLICY, WHICH IS EXPLICIT IN DETAILING ACTIONS CONSIDERED TO BE CONFLICTS OF INTEREST, IS REVIEWED WITH THE COVERED INDIVIDUALS ANNUALLY. IN ADDITION, EACH COVERED INDIVIDUAL IS ANNUALLY REQUIRED TO COMPLETE AND SIGN A STATEMENT DETAILING ANY POTENTIAL CONFLICTS OF INTEREST OR ANY ACTIONS TAKEN THAT FALL UNDER THE CONFLICT OF INTEREST POLICY. THESE STATEMENTS ARE REQUIRED TO BE SUBMITTED TO THE AUDIT COMMITTEE CHAIR WHO MAKES A FORMAL REPORT TO THE BOARD OF DIRECTORS. COVERED INDIVIDUALS ARE INSTRUCTED TO DISCUSS ANY POTENTIAL CONFLICTS WITH THE PRESIDENT/CEO OR THE COMPLIANCE OFFICER BEFORE ENTERING INTO ANY ARRANGEMENT THAT COULD BE A POTENTIAL CONFLICT. Form 990 Part VI 12C continued... THE AUDIT COMMITTEE CHAIR MUST GIVE WRITTEN APPROVAL ON A CASE-BY-CASE BASIS. ANY POTENTIAL CONFLICT INVOLVING THE AUDIT COMMITTEE CHAIR REQUIRES WRITTEN APPROVAL BY THE BOARD OF DIRECTORS CHAIR. THE CREDIT UNION HAS ALWAYS MAINTAINED THE POLICY THAT ANY INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS PERTAINING TO THE SUBJECT MATTER IN QUESTION. Form 990 Part VI 15A and 15B THE REVIEW OF THE CEOS COMPENSATION IS DONE ANNUALLY BY THE BOARD OF DIRECTORS BOD. THE BOD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AND EACH MEMBER DOES AN INDIVIDUAL REVIEW TO DETERMINE THE CEOS COMPENSATION. FOR ALL OTHER SENIOR MANAGEMENT, THE CEO USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AS WELL AS AN INTERNAL INDEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE THEIR COMPENSATION. Form 990 Part VI 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part XI 5 UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE IN THE AMOUNT OF 1,324,117 LESS RECLASSIFICATION ADJUSTMENTS FOR GAINS ON SALE OR REDEMPTION OF CALLABLE INVESTMENT SECURITIES IN THE AMOUNT OF 177,492 LESS NET PENSION LOSSES OF 4,319,317. 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 11A THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN AND USES THE CPA FIRM TO HELP COMPLETE THE FINANCIAL ASPECT OF THE RETURN. THE RETURN IS PRESENTED TO THE CREDIT VP OR HR, VP OF OPERATIONS AND TO THE PRESIDENT/CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. Form 990 Part VI Section B Line 12C THE CONFLICTS OF INTEREST POLICY GOVERNS THE ACTIONS OF DIRECTORS, AUDIT COMMITTEE MEMBERS, ANY OTHER UNPAID MEMBER VOLUNTEERS AND ALL SENIOR MANAGERS OF THE CREDIT UNION. THE POLICY, WHICH IS EXPLICIT IN DETAILING ACTIONS CONSIDERED TO BE CONFLICTS OF INTEREST, IS REVIEWED WITH THE COVERED INDIVIDUALS ANNUALLY. IN ADDITION, EACH COVERED INDIVIDUAL IS ANNUALLY REQUIRED TO COMPLETE AND SIGN A STATEMENT DETAILING ANY POTENTIAL CONFLICTS OF INTEREST OR ANY ACTIONS TAKEN THAT FALL UNDER THE CONFLICT OF INTEREST POLICY. THESE STATEMENTS ARE REQUIRED TO BE SUBMITTED TO THE AUDIT COMMITTEE CHAIR WHO MAKES A FORMAL REPORT TO THE BOARD OF DIRECTORS. COVERED INDIVIDUALS ARE INSTRUCTED TO DISCUSS ANY POTENTIAL CONFLICTS WITH THE PRESIDENT/CEO OR THE COMPLIANCE OFFICER BEFORE ENTERING INTO ANY ARRANGEMENT THAT COULD BE A POTENTIAL CONFLICT. Form 990 Part VI Section B Line 12C continued... THE AUDIT COMMITTEE CHAIR MUST GIVE WRITTEN APPROVAL ON A CASE-BY-CASE BASIS. ANY POTENTIAL CONFLICT INVOLVING THE AUDIT COMMITTEE CHAIR REQUIRES WRITTEN APPROVAL BY THE BOARD OF DIRECTORS CHAIR. THE CREDIT UNION HAS ALWAYS MAINTAINED THE POLICY THAT ANY INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS PERTAINING TO THE SUBJECT MATTER IN QUESTION. Form 990 Part VI Section B Line 15A and 15B THE REVIEW OF THE CEOS COMPENSATION IS DONE ANNUALLY BY THE BOARD OF DIRECTORS BOD. THE BOD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AND EACH MEMBER DOES AN INDIVIDUAL REVIEW TO DETERMINE THE CEOS COMPENSATION. FOR ALL OTHER SENIOR MANAGEMENT, THE CEO USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY AS WELL AS AN INTERNAL INDEPENDENT SALARY ADMINISTRATION SYSTEM TO DETERMINE THEIR COMPENSATION. Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part XI Line 5 UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE IN THE AMOUNT OF 1,324,117 LESS RECLASSIFICATION ADJUSTMENTS FOR GAINS ON SALE OR REDEMPTION OF CALLABLE INVESTMENT SECURITIES IN THE AMOUNT OF 177,492 LESS NET PENSION LOSSES OF 4,319,317.