2011-11-25T18:01:03-06:00 2010-12-31 MASTERS SCHWARTZ & COLE LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330655060 990 2010-01-01 596194363 MIDFLORIDA CREDIT UNION MIDF 8636883733 PO BOX 8008 LAKELAND FL 33802 STEVE MOSELEY 8636883733 2011-11-15 true DANIEL J COLE 9547551760 2011-11-25 2010 2016-02-24 21:20:13Z STEVE MOSELEY PO BOX 8008 LAKELAND FL 33802 92370565 false X WWW.MIDFLORIDA.COM X 1954 FL THE PURPOSE OF MID FLORIDA CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT AND THE EFFECTIVE USE OF THEIR RESOURCES AND ASSETS; AND TO ENGAGE IN ALL ACTIVITIES AND INCIDENTAL THERETO. 13 13 588 4 59307 -24401 0 29353842 81621169 2829526 10749396 0 32183368 92370565 0 0 8997004 27009799 0 0 19635189 51851012 28632193 78860811 3551175 13509754 1363754894 1520143890 1237498017 1387047183 126256877 133096707 X THE PURPOSE OF MID FLORIDA CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT AND THE EFFECTIVE USE OF THEIR RESOURCES AND ASSETS; AND TO ENGAGE IN ALL ACTIVITIES AND INCIDENTAL THERETO. false false EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICING THE LOAN PORTFOLIO FOR ITS MEMBERS. OFFICE EXPENSES AND DATA PROCESSING EXPENSES NECESSARY TO SUPPORT MEMBER ACCOUNT AND LOAN ACTIVITY BY PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICES. DIVDENDS AND INTEREST PAID TO MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MARKET ACCOUNTS, AND CERTIFICATES OF DEPOSIT ACCOUNTS. false false false false false false false false false true false false false true false true 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 false false false true 155048 0 true 588 true true true false false false false false X 13 13 false false false false false true true true true false true true true true true true true true true true true true FL X MICHAEL CHEESEMAN 8136162101 PO BOX 8008 LAKELAND FL 33802 X DON WILLIAMS 5.00 X 0 0 0 GARY RHULE 5.00 X 0 0 0 SANDY PRINCE 5.00 X 0 0 0 RICHARD ISINGHOOD 5.00 X 0 0 0 CHESTER BROJEK 5.00 X 0 0 0 TIM HARRIS 5.00 X 0 0 0 DAN PIERCE 5.00 X 0 0 0 NICK SUDINZA 5.00 X 0 0 0 HARRY WILLIAMS 5.00 X 0 0 0 D KEVIN JONES 50.00 X 490265 0 16500 SAMUEL STEVE MOSLEY 50.00 X 297798 0 14590 KATHY BRITT 50.00 X 231192 0 17385 DAVID HAND 50.00 X 232074 0 9463 SANDRA GIBSON 50.00 X 223110 0 16798 DENNIS PERSHING 50.00 X 221297 0 10750 AMANDA GAYLE O'BRIEN 50.00 X 210855 0 15049 1906591 100535 7 false true false NUJAK DEVELOPMENT 711 N KENTUCKY AVE LAKELAND FL 33801 CONSTRUCTION 1254569 HENKELMAN CONSTRUCTION 1830 NORTH CRYSTAL LAKE DR LAKELAND FL 33801 CONSTRUCTION 1205856 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 152643543 EQUIPMENT & SEC 1073498 BLUE CROSS BLUE SHEILD PO BOX 105358 ATLANTA GA 303485358 INSURANCE 845153 FISERVE PO BOX 6974 CHICAGO IL 606756974 DATA PROCESSING 631796 5 INTEREST ON LOANS 55062761 55062761 FEE INCOME 16153058 16153058 OTHER OPERATING INCOME 10346142 10346142 NON-MEMBER ATM FEE INCOME 525990 59307 59307 OTHER NON OPERATING INCOME -99 -99 81621169 10749396 10749396 92370565 92311258 59307 1066674 23768611 131055 2043459 2498270 7594217 4236883 565162 19572044 2873587 PROVISIONS FOR LOAN LOSS 9849971 PROFESSIONAL SERVICES 3337446 LOAN SERVICING 964611 OPERATING FEES 206917 MISC OPERATING EXPENSES 151904 78860811 0 0 0 20234846 26538275 1551637 2509060 844853720 939746871 90446297 26871492 53813226 63574805 433660637 471742569 4371792 9640828 11660518 1363754894 1520143890 122319923 119699101 1115178094 1267348082 1237498017 1387047183 X 126256877 133096707 126256877 133096707 1363754894 1520143890 13509754 -6669924 X true true true X false false false false false false false false false false false 14534534 14534534 46363029 8613776 37749253 29540955 18249937 11291018 63574805 TOTAL SHARES AND DEPOSITS 1257938712 OTHER LIABILITIES 5846253 OTHER ACCRUED EXPENSES 2344887 DATA PROCESSING EXCEPTIONS 1149702 DEFERRED INCOME 68528 1267348082 92370565 78860811 13509754 13509754 92370565 92370565 92370565 78860811 78860811 78860811 X X X true true X X X false false false D KEVIN JONES 489929 336 16500 506765 SAMUEL STEVE MOSLEY 283974 1056 12768 14590 312388 KATHY BRITT 230856 336 17385 248577 DAVID HAND 213493 2081 16500 9463 241537 SANDRA GIBSON 222228 882 16798 239908 DENNIS PERSHING 219709 336 1252 10750 232047 AMANDA GAYLE O'BRIEN 210519 336 15049 225904 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A THE TRAVEL POLICY ALLOWS BOARD MEMBERS AND SENIOR MANAGEMENT TO PURCHASE FIRST CLASS TICKETS FOR THEM AND SPOUSES AS LONG AS THE TOTAL AMOUNT SPENT DOES NOT EXCEED THE ANNUAL TRAVEL BUDGET FOR EACH PERSON. SOCIAL SLUB DUES ARE PAID FOR ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE PURPOSE OF MID FLORIDA CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT AND THE EFFECTIVE USE OF THEIR RESOURCES AND ASSETS; AND TO ENGAGE IN ALL ACTIVITIES AND INCIDENTAL THERETO. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS ARE NOT PAID AND ARE ACTIVE IN A SUPERVISORY COMMITTEE. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A YES, MEMBERS ARE ELECTED TO THE BOARD TO SERVE AFTER NOMINATION BY "NOMINATING COMMITTEE" WHICH IS APPOINTED BY BOARD CHAIRMAN. NOMINATIONS CAN ALSO BE MADE BY GENERAL MEMBERSHIP BY PETITION SIGATURES OF MEMBERS REPRESENTING 1% OF MEMBERSHIP (MINIMUM 20 AND MAXIMUM OF 500) DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B YES, DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS, AND BOARD DIRECTORS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B PRESENTED TO BOARD OF DIRECTORS AT REGULARLY SCHEDULED MEETING. SHORT YEAR 990 WILL BE PRESENTED TO BOARD FOR REVIEW BEFORE THE EXTENDED FILING DUE DATE OF 11-15-10. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C YES, THE ENFORCEMENT OF CONFLICTS OF INTEREST ARE CARRIED OUT BY THE ORGANIZATION. ANY CONFLICTS OF INTEREST RELATED TO OFFICERS AND DIRECTORS ARE REPORTED TO THE STATE AS PART OF A ANNUAL REGULATORY AUDIT. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR TOP OFFICIAL (CEO) IS COMPRISED OF BOTH A CREDIT UNION AND BANK PEER COMPARISON SURVEY. THE SURVEY IS PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD APPROVES THE SALARY OF THE CEO. THE CEO COMPENSATION CONTRACT IS WRITTEN, AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SALARIES FOR OFFICERS AND KEY EMPLOYEES (EXCEPT CEO) ARE COMPRISED OF BOTH A CREDIT UNION AND BANK PEER COMPARISON SURVEY. THE SURVEY IS PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD THEN APPROVES SALARY RANGES, AND SALARY INCREASES WITHIN A RANGE OF 0% TO 6%. THE CEO THEN APPROVES ALL SALARY CHANGES WITHIN THE RANGES APPROVED BY THE BOARD OF DIRECTORS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 IF REQUESTED IS MADE TO CREDIT UNION AT OUR OFFICES, OR BY MAIL, A COPY OF THE FORM 990 IS PROVIDED WITHIN A REASONABLE TIME FRAME. BYLAWS AVAILABLE TO ALL MEMBERS UPON REQUEST. SOME INFORMATION IS MADE AVAILABLE TO GENERAL PUBLIC BY NCUA AS A FEDERALLY INSURED INSTITUTION. 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