2023-10-20T14:18:33-05:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 591009534 STATE CHARTERED CREDIT UNIONS IN FLORIDA CENTRAL CREDIT UNION OF FLORIDA STAT 8504740970 PO BOX 17048 PENSACOLA FL 32522 LISA BROWN PRESIDENT/CEO 8504740970 2023-10-14 1 LISA BROWN 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CENTRAL CREDIT UNION OF FLORIDA LISA BROWN 6200 NORTH W ST PENSACOLA FL 325051918 13625434 0 2106 X WWW.CCUFL.ORG X 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. 7 7 98 9 13700 4801 0 0 10243854 11794478 -142954 1535466 0 0 10100900 13329944 1680 0 0 0 4823432 5514551 0 0 0 4915561 6814973 9740673 12329524 360227 1000420 233913304 308952965 214450704 282393811 19462600 26559154 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. 0 0 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. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 3982 0 1 98 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X CENTRAL CREDIT UNION OF FLORIDA 8504740970 1200 E NINE MILE ROAD PENSACOLA FL 32514 JOHN KEITH SECRETARY 10.00 X 0 0 120 JOHN COE VICE CHAIRPERSON 10.00 X 0 0 120 JUANITA ASHLEY DIRECTOR 10.00 X 0 0 120 JAMES DANNY GILMAN CHAIRPERSON 10.00 X 0 0 120 STEPHANIE CLAPP DIRECTOR 10.00 X 0 0 120 DUSTIN DANIELS DIRECTOR 10.00 X 0 0 120 TRACEY GOLAY DIRECTOR 10.00 X 0 0 120 LISA BROWN CEO 40.00 X 195769 0 13491 KATHY BOSWELL VP/CFO 40.00 X 114527 0 7769 310296 0 22100 2 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 OPERATING SYSTEM 264230 MAHALO TECHNOLOGIES INC 850 STEPHENSON HWY SUITE 405 TROY MI 48083 LAND RENTAL 101518 2 INCOME ON LOANS 522100 7018438 7018438 FEES, CHARGES, OTHER 522100 4762340 4762340 UNRELATED BUSINESS INCOME 520000 13700 13700 11794478 1616756 1616756 214200 295490 -81290 -81290 -81290 13329944 13316244 13700 0 X 332396 4177883 147342 501648 355282 109655 128505 52727 289928 1506409 767816 719320 87362 -37885 475522 344352 81711 UBIT EXPENSE 689 LOAN SERVICING 806152 PROVISION FOR LOAN LOSS 740342 MISCELLANEOUS 632841 109527 12329524 2446371 1947624 83869793 41897136 8919 309704 1680081 123701040 162516351 242526 350291 19037511 7473277 8504257 11564234 4743064 58485588 8064821 18768564 7467323 2332513 3966069 233913304 308952965 1752926 2579974 212697778 279813837 214450704 282393811 X 0 0 0 0 19462600 26559154 19462600 26559154 233913304 308952965 X 1000420 -3481719 9577853 X X 0 1 X 1 0 0 0 3226533 3226533 11459570 4061369 7398201 367558 270122 97436 3983850 3141786 842064 11564234 BANKS S&L'S OTHER CD'S 18768564 C 18768564 SHARE ACCOUNTS 133607840 SHARE DRAFT ACCOUNTS 79222457 IRA SHARE ACCOUNTS 4487463 SHARE AND IRA CERTIFICATE ACCOUNTS 27073763 MONEY MARKET ACCOUNTS 35422314 279813837 X 13329944 0 13329944 0 13329944 12329524 0 12329524 0 12329524 PART X, LINE 2: INCOME TAXES THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. X X 0 1 0 LISA BROWN CEO 195769 0 0 0 0 0 3635 0 9856 0 209260 0 0 0 PART I, LINE 4B AS A RESULT OF THE BUSINESS COMBINATION WITH TALLAHASSEE-LEON FEDERAL CREDIT UNION DURING THE YEAR ENDED DECEMBER 31, 2022, THE CREDIT UNION ACQUIRED A COLLATERAL ASSIGNMENT SPLIT DOLLAR AGREEMENT WITH LISA BROWN UNDER TREASURY REGULATION 1.7872-15(E)(5)(II). THE AGREEMENT INVOLVES A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVE BY SPLITTING THE ELEMENTS OF THE LIFE INSURANCE POLICY. UNDER THIS AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVE PLUS ACCRUED INTEREST AT A SPECIFIED RATE. THE EXECUTIVE IS PERSONALLY RESPONSIBLE FOR REPAYMENT OF THE LOAN. AT THE TIME OF DEATH, THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFIT WILL BE PAID TO THE EXECUTIVE'S DESIGNATED BENEFICIARY. LISA BROWN CEO TO FUND LIFE INSURANCE POLICY X 1248983 1680081 0 1 1 1680081 FORM 990, SCH L, PART II AS A RESULT OF THE BUSINESS COMBINATION WITH TALLAHASSEE-LEON FEDERAL CREDIT UNION DURING THE YEAR ENDED DECEMBER 31, 2022, THE CREDIT UNION ACQUIRED A COLLATERAL ASSIGNMENT SPLIT DOLLAR AGREEMENT WITH LISA BROWN UNDER TREASURY REGULATION 1.7872-15(E)(5)(II). THE AGREEMENT INVOLVES A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVE BY SPLITTING THE ELEMENTS OF THE LIFE INSURANCE POLICY. UNDER THIS AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVE PLUS ACCRUED INTEREST AT A SPECIFIED RATE. THE EXECUTIVE IS PERSONALLY RESPONSIBLE FOR REPAYMENT OF THE LOAN. AT THE TIME OF DEATH, THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFIT WILL BE PAID TO THE EXECUTIVE'S DESIGNATED BENEFICIARY. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED THE FIELD OF MEMBERSHIP WITHIN THE BYLAWS AS A RESULT OF THE MERGER WITH TALLAHASSEE-LEON FEDERAL CREDIT UNION. 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 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B 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 CEO'S 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 CEO'S 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 UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL EXPENSES 52,727. FORM 990, PART IX, LINE 24E EXAMINATION FEES 71,772. ASSOCIATION DUES 36,228. EDUCATION 1,527. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 9,577,853. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. TALLAHASSEE LEON CREDIT UNION FOUNDATION INC 1872 CAPITAL CIRCLE NE TALLAHASSEE FL 32308 823098188 FINANCIAL EDUCATION FL 501(C)(3) LINE 10 CENTRAL CU OF FL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0