2011-08-02T13:07:55-00:00 2010-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2010-01-01 590787574 STATE CHARTERED CREDIT UNIONS IN FLORIDA (akaPRIORITY ONE CREDIT UNION OF F STAT 9545727707 3000 N UNIVERSITY DRIVE SUNRISE FL 33322 NANCY RAPPAPORT 9545727707 2011-08-02 true DOUGLAS ORTH 3052328272 2010 2016-02-24 21:20:13Z PRIORITY ONE CREDIT UNION OF FLORIDA NANCY RAPPAPORT 3000 NORTH UNIVERSITY DRIVE SUNRISE FL 33345 5152339 false 2106 X www.priorityonefl.org X CREDIT UNION 1948 FL ENHANCING THE FINANCIAL LIVES OF OUR MEMBERS THROUGH CONSISTENT SERVICE. ENHANCING THE FINANCIAL LIVES OF OUR MEMBERS THROUGH CONSISTENT SERVICE. 5 5 44 5 127279 577 0 5432796 4982159 118899 170180 368453 0 5920148 5152339 0 0 1860098 1801008 0 0 5893242 3432423 7753340 5233431 -1833192 -81092 65684894 67775520 58883558 61055276 6801336 6720244 ENHANCING THE FINANCIAL LIVES OF OUR MEMBERS THROUGH CONSISTENT SERVICE. false false PRIORITY ONE SERVES BROWARD COUNTY AND OFFERS A FULL ARRAY OF PRODUCTS AND SERVICES INCLUDING DEPOSITORY AND LOAN PRODUCTS, ATM/DEBIT PROGRAM, CAR FINDERS AND ONLINE BANKING. WE ENDED THE YEAR WITH 9,654 MEMBERS. THERE WERE 1105 LOANS GRANTED TOTALING 9,059,937. PRIORITY ONE HAS THREE BRANCH LOCATIONS AND A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH VARIOUS ATM NETWORKS AND SHARED SERVICE CENTERS. false false false false false false false false true true false false true false 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 1954 0 44 true true true false false false false false X 5 5 false false false false true true false true true false false false true false true true true true true false X NANCY RAPPAPORT 9543355100 3000 N UNIVERSITY DR SUNRISE FL 33345 LEVORA HOLSEY 001.00 X 0 0 0 ALANA RAGOONAN 001.00 X 0 0 0 RICHARD WEPPLER 001.00 X 0 0 0 JEROMY SCHWAB 001.00 X 0 0 0 DONALD MCMAHON 001.00 X 0 0 0 NANCY RAPPAPORT 040.00 X 149303 0 6665 DEANA HENNESSEY 040.00 X 75957 0 6748 BIRGITTA SCHINDLER 040.00 X 45918 0 5016 271178 18429 1 false true false FISERV 1250 GRUMMAN PL STE A TITUSVILLE FL 32780 DATA PROCESSING 242430 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 WEBSITE MAINTENANCE, ONLINE BILLPAY 112053 BLAXBERG GRAYSON KUKOFF PA 25 SE 2ND AVE STE 730 MIAMI FL 33131 COLLECTIONS ATTORNEY 158047 3 LOAN INTEREST INCOME 522100 3167294 3167294 FEE/OTHER INCOME 522100 1687586 1687586 CREDIT LIFE/EXTENDED WARRANTY/GAP INS/NON-MEMBER ATM FEES 524298 127279 127279 4982159 170180 170180 5152339 5025060 127279 0 0 0 0 289607 289607 0 1216325 1216325 28105 28105 90083 90083 176888 176888 0 14903 14903 36996 36996 0 0 116670 116670 56468 56468 350971 350971 333654 333654 0 143934 143934 4912 4912 0 60 60 465421 465421 0 166882 166882 59583 59583 ATM AND BANK SERVICE CHARGES 231112 231112 LOAN SERVICING 351648 351648 OTHER LOSSES 237927 237927 PROVISION FOR LOAN LOSSES 621655 621655 NCUA INSURANCE PREMIUM ASSESSMENTS 152066 152066 87561 87561 5233431 5233431 5061419 1640533 4227603 12658629 492306 258482 49457048 44677083 72087 63296 4749944 2889578 1928695 1860366 168100 150100 3379000 5630000 898636 837031 65684894 67775520 649391 520546 58234167 60534730 58883558 61055276 X 6801336 6720244 6801336 6720244 65684894 67775520 -81092 X false true true X false false 788074 788074 594380 202489 391891 1990035 1518786 471249 1358051 1148899 209152 19404 19404 1860366 LONG TERM CERTIFICATES OF DEPOSIT 5630000 C 5630000 SHARE ACCOUNTS 23475996 SHARE DRAFT ACCOUNTS 11987887 MONEY MARKET ACCOUNTS 9378798 CLUB ACCOUNTS 213304 IRA SHARE ACCOUNTS 1753722 IRA CERTIFICATES 3049401 CERTIFICATES 10675622 60534730 5152339 5233431 -81092 -81092 5152339 5152339 5152339 5233431 5233431 5233431 X 2 FIN 48 IS NOT APPLICABLE. X false false false NANCY RAPPAPORT 142655 6648 5946 719 155968 Form 990 Part VI 6 THE CREDIT UNION HAS MEMBERS. Form 990 Part VI 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS. Form 990 Part VI 12C THE CREDIT UNION HAS OVERRIDE REPORTS THAT ARE REVIEWED BY THE COMPLIANCE DEPARTMENT WHEN EMPLOYEES TRANSACT ON FLAGGED RELATED-PARTY ACCOUNTS. Form 990 Part VI 15A THE CEOS COMPENSATION IS REVIEWED YEARLY BY THE BOARD OF DIRECTORS, WHICH ARE VOLUNTEERS OF THE CREDIT UNION. Form 990 Part VI 15B THE COMPENSATION OF KEY EXECUTIVES ARE REVIEWED BY THE CEO AND IS DETERMINED BASED ON INDUSTRY PUBLICATIONS THAT ILLUSTRATE STANDARDS IN CONJUNCTION WITH GOALS SET BY THE CEO. Form 990 Part VI 11 THE CEO AND CFO WILL REVIEW THE FORM 990 PRIOR TO SUBMITTING TO THE IRS. Form 990 Part VI 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE NCUA WEBSITE VIA THE 5300 CALL REPORT FILING.