2012-07-31T13:07:12-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 591009534 CENTRAL CREDIT UNION OF FLORIDA CENT 8504740970 PO BOX 17048 PENSACOLA FL 32522 CAROLYN DWELLE 2012-07-31 true DOUGLAS ORTH 3052328272 2012-07-31 2011 2016-02-24 21:20:13Z CAROLYN DWELLE 6200 NORTH W STREET PENSACOLA FL 32505 7593150 false 2106 X www.ccufl.org X CREDIT UNION 1962 FL WE WILL SERVE THE NEEDS OF OUR MEMBERS BEYOND THEIR EXPECTATIONS. WE STRIVE TO ASSIST OUR MEMBERS WITH ALL OF THEIR FINANCIAL NEEDS AND PROVIDE SERVICE BEYOND THEIR EXPECTATIONS. 5 5 70 7 52133 -30348 0 7021682 7211290 393305 381860 0 7414987 7593150 0 0 2703084 2801321 0 0 4442053 3753472 7145137 6554793 269850 1038357 110829778 114704923 98621668 101431460 12208110 13273463 WE WILL SERVE THE NEEDS OF OUR MEMBERS BEYOND THEIR EXPECTATIONS. WE STRIVE TO ASSIST OUR MEMBERS WITH ALL OF THEIR FINANCIAL NEEDS AND PROVIDE SERVICE BEYOND THEIR EXPECTATIONS. false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5161 0 true 70 true true true false false false false false X 5 5 false false false false true true false true true false false false true true true false true true true false X CENTRAL CREDIT UNION OF FLORIDA 8504740970 6200 NORTH W STREET PENSACOLA FL 325051918 JOHN SCOTT 010.00 X 0 0 0 JOHN KEITH 010.00 X 0 0 0 ANDREA FARAGE 010.00 X 0 0 0 JAMES DOUGLAS 010.00 X 0 0 0 JUANITA ASHLEY 010.00 X 0 0 0 CAROLYN DWELLE 040.00 X 117586 0 10057 KATHY BOSWELL 040.00 X 92526 0 10857 210112 20914 2 false false false FISERV 250 JOHNSON AVENUE MORRIS PLAINS IL 07950 NETWORK PROCESSOR 209520 JACK HENRY AND ASSOCIATES PO BOX 91101 SEATTLE WA 98111 SYSTEM SOFTWARE 176833 WILLIAMS GAUTIER GWYNN DELOACH& SORENSON PO BOX 4128 TALLAHASSEE FL 32303 ATTORNEY 100683 3 INTEREST ON LOANS 522100 4170085 4170085 FEES/OTHER 522100 2989072 2989072 UNRELATED BUSINESS INCOME 900099 52133 52133 7211290 381860 381860 7593150 7541017 52133 0 0 0 0 231026 231026 0 2008978 2008978 98512 98512 263336 263336 199469 199469 0 105930 105930 121150 121150 0 0 143447 143447 343609 343609 1093461 1093461 183955 183955 0 295412 295412 42766 42766 0 9199 9199 643196 643196 0 139424 139424 57860 57860 SEE ATTACHED SCHEDULE 574063 574063 0 6554793 6554793 2129250 2118732 34020540 38062255 298124 235319 58980575 60110133 251842 245510 5811454 2865715 3095037 2945739 7892027 7277005 3021000 2588000 1141383 1122230 110829778 114704923 770989 984558 97850679 100446902 98621668 101431460 X 12208110 13273463 12208110 13273463 110829778 114704923 X 1038357 26996 X false true true X false false 1150452 1150452 2477448 1071510 1405938 28707 28704 3 2112428 1765501 346927 42419 42419 2945739 SHARE ACCOUNTS 28675037 SHARE DRAFT ACCOUNTS 11751169 PIONEER CLUB ACCOUNTS 15716096 IRA SHARE ACCOUNTS 1112220 IRA CERTIFICATE ACCOUNTS 8012655 SHARE CERTIFICATE ACCOUNTS 26980206 MONEY MARKET ACCOUNTS 8199519 100446902 7593150 6554793 1038357 26996 26996 1065353 7593150 7593150 7593150 6554793 6554793 6554793 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 ANY X 2 continued... 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. 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 11 THE PRESIDENT/CEO, VICE-PRESIDENT OF FINANCE, VICE-PRESIDENT OF COMPLIANCE AND VICE-PRESIDENT OF ADMINISTRATION WILL REVIEW AND APPROVE THE DRAFT FORM 990 BEFORE FINAL SUBMISSION. Form 990 Part VI 12C THE VICE-PRESIDENT OF COMPLIANCE, UNDER DIRECTION OF THE PRESIDENT/CEO, MONITORS THE CONFLICT OF INTEREST POLICY FOR CENTRAL CREDIT UNION OF FLORIDA. THIS INCLUDES VENDOR MANAGEMENT, EMPLOYEE TRAINING AND MONITORING OF EMPLOYEE TRANSACTIONS. ALL NEW EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST POLICY AS PART OF THE CODE OF CONDUCT. Form 990 Part VI 15 THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD OF DIRECTORS USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION. FOR ALL OTHER EMPLOYEES IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE CEO UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. Form 990 Part VI 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 MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part XI 5 UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE FOR SALE. 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 11 THE PRESIDENT/CEO, VICE-PRESIDENT OF FINANCE, VICE-PRESIDENT OF COMPLIANCE AND VICE-PRESIDENT OF ADMINISTRATION WILL REVIEW AND APPROVE THE DRAFT FORM 990 BEFORE FINAL SUBMISSION. Form 990 Part VI Section B Line 12C THE VICE-PRESIDENT OF COMPLIANCE, UNDER DIRECTION OF THE PRESIDENT/CEO, MONITORS THE CONFLICT OF INTEREST POLICY FOR CENTRAL CREDIT UNION OF FLORIDA. THIS INCLUDES VENDOR MANAGEMENT, EMPLOYEE TRAINING AND MONITORING OF EMPLOYEE TRANSACTIONS. ALL NEW EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST POLICY AS PART OF THE CODE OF CONDUCT. Form 990 Part VI Section B Line 15 THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD OF DIRECTORS USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION. FOR ALL OTHER EMPLOYEES IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE CEO UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. 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 MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part XI Line 5 UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE FOR SALE.