2011-08-05T14:10:34-07:00 2010-12-31 990 2010-01-01 590860768 COMMUNITY CREDIT UNION OF FLORIDA COMM 3216902328 1030 S US Hwy 1 Rockledge FL 32955 Susie LeBouef 3216902328 2011-06-20 2010 2016-02-24 21:20:13Z David Brock 1030 S US Hwy 1 Rockledge FL 32955 24050844 0 X www.ccuflorida.org X 1953 FL Community Credit Union of Florida provides financial services to its 32,250 members. As of 12/31/2010, CCU is servicing 16,979 member loans and has a total of 66,259 active deposit accounts. 5 5 80 6 207435 0 0 0 24264923 23966026 290820 278463 -461487 -193645 24094256 24050844 40691 37746 0 0 5189511 5001316 0 0 0 21669846 17472041 26900048 22511103 -2805792 1539741 336968275 359966164 307337452 328517449 29630823 31448715 Community Credit Union is a member-owned, not-for -profit, financial cooperative formed in 1953 by local educators. CCU has grown to more than 32,000 members. Community Credit Union's mission is to provide timely financial services and education to our members by consistently improving our member's financial knowledge and well being. CCU's boards of directors are all unpaid volunteers, elected by members. Free services include FinanceWorks, bill pay, online/mobile banking, text balance/transfer and the convenience of Saturday lobby hours. CCU also offers online education and anonymous counseling through Balance. CCU's innovative loans and Member Solutions program provide a means to rework debt to keep members in their homes and driving their cars. CCU works hard to ensure its profits are reinvested back into the local community. Our legacy of sponsoring a variety of activities and events in the local community has been instrumental in supporting local non-profit organizations. 0 0 22511103 18249350 Loans receivable. Interest earned on 16,979 active loans. 0 5716677 Offer financial services to 32,250 members in the form of money orders, travelers checks, official checks, wire transfers, safe deposit boxes and many other services that are provided by the employees of Community Credit Union of Florida. 0 84818 Investments are used as a means of extra earnings on deposited funds that have not been utilized for any lending programs. Also includes net loss from disposition of assets. 0 0 0 none 0 0 0 22511103 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 0 1 X 13667 92 1 80 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 1 1 0 0 X David O Brock 3216902328 1030 S US Hwy 1 Rockledge FL 32955 Henry Kelley 0 X 0 0 0 Dortha Everhart 0 X 0 0 0 Linda Dale 0 X 0 0 0 James Platman 0 X 0 0 0 Betty Dunn 0 X 0 0 0 David O Brock 50 X X 305833 18995 0 Sara Stern 50 X 77265 16901 0 Laurie Cappelli 50 X 115140 13156 0 James Chastain 50 X 90205 11350 0 Lesli Dooley 50 X 90835 16797 0 Susie LeBouef 50 X 81769 13126 0 Robert Phillips 50 X 84970 22401 0 846017 112726 0 2 0 1 0 Health First Health Plans PO Box 91-5626 Orlando FL 32891 Health Benefits for employees 402157 Fiserv Solutions PO Box 6000 San Francisco CA 94160 debit card maintenance, etc. 341833 Digitisl Insight PO Box 515306 Los Angeles CA 90051 online banking servoces 231016 Fiserv 75 Remittance Dr Ste 6974 Chicago IL 60675 data processor 171364 Cuna PO Box 2964 Milwaukee WI 53201 Liabilty Ins, etc 128952 0 0 0 0 0 0 0 0 0 Interest Income 522130 18249349 18249349 0 0 Fee Income 522130 4013530 3818135 195395 0 Misc Income 522130 1703147 1691107 12040 0 0 0 0 0 23966026 278463 278463 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -193645 0 -193645 -193645 0 0 0 24050844 23843409 207435 0 37746 37746 0 0 0 0 0 0 958750 958750 0 0 2966828 2966828 86796 86796 674229 674229 314713 314713 29425 29425 518457 518457 153154 153154 0 0 0 0 1200 1200 25700 25700 192128 192128 958652 958652 443822 443822 0 0 558552 558552 32352 32352 0 0 54016 54016 2710730 2710730 52565 52565 581363 581363 129459 129459 provission for Loan Loss 7642533 7642533 0 0 credit card expenses,atm, debit card 1191973 1191973 0 0 loan servicing 329413 329413 0 0 consulting 132322 132322 0 0 1734225 1734225 0 0 22511103 22511103 0 0 3555246 2826437 51019809 77533927 0 0 1863553 1511598 0 265171710 259447138 0 5304061 9004479 16129489 7274136 9268720 8855353 0 785176 787232 0 0 0 0 336968275 359966164 1858857 1662213 0 0 0 0 0 0 0 0 0 0 0 0 0 0 305478595 326855236 307337452 328517449 X 0 0 0 0 29630823 31448715 29630823 31448715 336968275 359966164 X 1539741 278151 X 0 1 1 X 0 0 3296641 3296641 0 7116231 1939677 5176554 0 230249 212509 17740 0 5486368 5121950 364418 0 0 0 0 8855353 0 premium savings & regular savings 145309813 share draft account 43852705 club accounts 3136460 business accounts 12152236 ira share accounts 25615107 CD & Ira CD accounts 45687410 money market accounts 51101505 326855236 24050844 22511103 1539741 0 0 0 0 278151 278151 1817892 24418545 0 0 0 367701 367701 24050844 0 0 0 24050844 22878804 0 0 0 367701 367701 22511103 0 0 0 22511103 SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Other comprehensive income - Actuarial gains on plan assets at $137,884; Reclassification adjustments - amortization of net gains at $138,908 and amortization of prior service costs at $1,359 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d We listed interest income net of the deferred rebates, while the auditors listed gross interest income. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d We listed interest income net of the deferred rebates, while the auditors listed gross interest income. 1 X 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 upcoming year. The CU donates for specific chritable events, with the check being submitted to the event representative. These funds are tracked on an annual basis by the marketing department. X X 1 1 X X X X 0 1 0 David O Brock 223610 0 3001 0 6231 0 72807 0 18995 0 324644 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Travel for companions--The CEO received board approval for reimbursement of travel expenses for spouse when accompanying CEO on credit union travel. Indemnification and gross-up payments: in lieu of 401K plan that the CEO is not in. This is to replicate the tax advantages of a 401K. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 Board first conducts performance review. Compensation survey study is completed. Contract negotiations conducted between CEO and Board. Contract is drawn up, reviewed by legal, then approved and signed by the board. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 David Brock received $2,747.59 from his participation in a supplemental nonqualified retirement plan. Sara Stern home improvements X 60000 48306 0 1 1 Sara Stern used car X 15000 7883 0 1 1 Laurie Cappelli used car X 30000 27609 0 1 1 James Chastain car X 21000 16022 0 1 1 Linda Dale house X 105000 95382 0 1 1 Linda Dale home improvements X 180000 157563 0 1 1 Linda Dale credit card X 10000 880 0 1 1 Lesli Dooley home improvement X 20000 18416 0 1 1 Lesli Dooley car X 27442 21357 0 1 1 Betty Dunn line of credit X 10000 4809 0 1 1 Betty Dunn house X 128000 83609 0 1 1 Betty Dunn mortgage X 533980 510582 0 1 1 Betty Dunn 2nd mortgage X 78000 69364 0 1 1 Betty Dunn home improvement X 52000 50205 0 1 1 Betty Dunn line of credit X 10000 5568 0 1 1 Betty Dunn car X 19919 14753 0 1 1 Dortha Everhart home improvement X 30000 27317 0 1 1 Dortha Everhart mortgage X 34000 16374 0 1 1 Dortha Everhart credit card X 10000 393 0 1 1 Dortha Everhart credit card X 8000 945 0 1 1 Henry Kelley mortgage X 100000 66454 0 1 1 Henry Kelley credit card X 3000 545 0 1 1 Susie LeBouef mortgage X 78400 68849 0 1 1 Susie LeBouef home improvement X 74000 65329 0 1 1 Susie LeBouef other secured X 6790 4996 0 1 1 Susie LeBouef car X 23362 4710 0 1 1 Susie LeBouef car X 18950 10820 0 1 1 Susie LeBouef credit card X 25000 24848 0 1 1 Linda Dale business X 40000 15600 0 1 1 Linda Dale credit card X 9000 3168 0 1 1 Linda Dale credit card X 1000 292 0 1 1 Linda Dale credit card X 10000 880 0 1 1 Robert Phillips home improvement X 50000 12794 0 1 1 Robert Phillips credit card X 5200 1013 0 1 1 James Platman home improvement X 15000 11562 0 1 1 James Platman credit card X 11000 9977 0 1 1 James Platman credit card X 15000 14958 0 1 1 James Platman car X 26463 17466 0 1 1 1511598 F990_P05_S00_L03b Form 990, Part V, Line 3b extension was accepted. filing with 990 by august 15,2011. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Community Credit Union has 32,250 active members as of 12/31/2010 F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a membership participates in the election of the board members at the annual meeting held during the first quarter of ever year. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a 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 from and schedule is given to each board member and the preparer of the form goes over the entire package page by page, answering any questions as they are presented. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board first conducts performance review. Compensation survey study is completed. Contract negotiations 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 Monthly Financial Statements are posted in the lobby of each branch. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in accumulated other comprehensive - change in overfunding of defined benefits plan Preparer has been going through gl conversion since Jan 1st. This project has been very time consuming. preparer will also need time to present the final 990 and 990T form to the Board of directors for approval before sending, which will be july21st.