2024-11-14T12:59:43-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 943458406 LEAGUE OF SOUTHEASTERN CREDIT UNIONS LEAG 8662310545 3692 COOLIDGE COURT TALLAHASSEE FL 32311 STEVEN J SCHWARTZ CFO 8662310545 2024-11-12 1 0 ROBERT WILLIAMS P01345960 5712279500 2024-11-12 2023 2024-10-15 13:58:12Z STEVEN J SCHWARTZ 3692 COOLIDGE COURT TALLAHASSEE FL 32311 8992685 0 X WWW.LSCU.COOP X 2008 FL PROMOTE ADVANCEMENT AND SUCCESS OF CREDIT UNIONS THROUGH ADVOCACY, INFORMATION AND EDUCATION. 17 17 0 17 0 0 9105 851594 4995032 5468474 40426 162413 1246674 1143286 6291237 7625767 867726 815325 0 0 0 0 0 0 0 5140534 6134414 6008260 6949739 282977 676028 45129409 47642080 3965307 2866290 41164102 44775790 TO CREATE AN ENVIRONMENT THAT ENABLES CREDIT UNIONS TO GROW AND SUCCEED. 0 0 CREDIT UNIONS AND OFFICIALS. DEVELOPING CREDIT UNION PROGRAMS AVAILABLE LEAGUE OF SOUTHEASTERN CREDIT UNIONS 94-3458406 RESEARCH, INFORMATION, AND TECHNICAL SERVICES. ECONOMIC NEWSLETTER TO CREDIT UNIONS. CRISIS TEAM ASSISTANCE AVAILABLE TO CREDIT UNIONS. COMMUNICATIONS, PUBLIC RELATIONS, PLANNING. BI-WEEKLY GENERAL INFORMATION LETTER TO CREDIT UNIONS AND OFFICIALS. STRATEGIC PLANNING SESSIONS FOR CREDIT UNIONS AROUND STATES. NEWS RELEASES AND ISSUES AFFECTING CREDIT UNIONS. HUMAN RESOURCE DEVELOPMENT AND EDUCATION. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 X STEVEN J SCHWARTZ 8505581110 3692 COOLIDGE COURT TALLAHASSEE FL 32311 HANK HALTER CHAIR 1.00 1.00 X X 0 0 0 RICHARD SKAGGS CHAIR-ELECT 1.00 1.00 X X 0 0 0 OLA ANISE VICE CHAIR 1.00 1.00 X X 0 0 0 BRIAN AKIN TREASURER 1.00 1.00 X X 0 0 0 ROBERT CLAMPETT SECRETARY (UNTIL 6/30) 1.00 1.00 X X 0 0 0 STEVE MOSELEY SECRETARY (FROM 6/30), TRUSTEE 1.00 1.00 X X 0 0 0 HENRY ARMSTRONG PAST CHAIR 1.00 1.00 X X 0 0 0 ROY BIBB TRUSTEE 1.00 1.00 X 0 0 0 STACIE BRANCH TRUSTEE 1.00 1.00 X 0 0 0 SHARON DOWNING TRUSTEE 1.00 1.00 X 0 0 0 BRAD GREEN TRUSTEE 1.00 1.00 X 0 0 0 KABIR LAIWALLA TRUSTEE (FROM 7/23) 1.00 1.00 X 0 0 0 CHRIS LEGGETT TRUSTEE 1.00 1.00 X 0 0 0 BOBBY MICHAEL TRUSTEE 1.00 1.00 X 0 0 0 DENELLE MILLER TRUSTEE (FROM 7/23) 1.00 1.00 X 0 0 0 JAN PAGE TRUSTEE 1.00 1.00 X 0 0 0 SUZANNE WEINSTEIN TRUSTEE (FROM 7/23) 1.00 1.00 X 0 0 0 TINA WILLIAMS TRUSTEE 1.00 1.00 X 0 0 0 TIM ANTONITION TRUSTEE (UNTIL 6/30) 1.00 1.00 X 0 0 0 CARYL GREENE TRUSTEE (UNTIL 6/30) 1.00 1.00 X 0 0 0 MARY OTT WOOD TRUSTEE (UNTIL 6/30) 1.00 1.00 X 0 0 0 PATRICK LAPINE CEO 1.00 40.00 X 0 690447 495683 SAMANTHA BEELER PRESIDENT LEAGUE 1.00 40.00 X 0 272798 36363 DR WEN HEMINGWAY CFO (UNTIL 11/23) 1.00 40.00 X 0 278490 98169 SYDNEY SERAL VP OF ADVOCACY 1.00 40.00 X 0 153202 25632 0 1394937 655847 0 0 1 0 LSCU SERVICE CORPORATION INC 3692 COOLIDGE COURT TALLAHASSEE FL 32311 PAYROLL, HUMAN RESOURCES, ACCOUNTING, FA 2914020 1 592927 258667 851594 MEMBERSHIP DUES 522100 5440874 5440874 OTHER 900099 27600 27600 5468474 162413 162413 80 33378 -33298 -33298 403674 1333540 -929866 -929866 SCHOOLS AND CONFERENCES 611600 2106450 2106450 2106450 7625767 6645058 0 129115 X 815325 2914020 2214 446905 768549 177087 31890 299041 297541 509791 211688 219 46760 ASSOCIATION DUES 237014 OTHER EXPENSES 124707 DUES & SUBSCRIPTIONS 63422 TAX & LICENSES 2822 744 6949739 5947785 5025555 193784 267609 93872 344878 13698 9132 4785 4566 38889183 41999472 45129409 47642080 1197582 506036 1911272 1591181 856453 769073 3965307 2866290 X 41164102 44775790 41164102 44775790 45129409 47642080 X 676028 2935660 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 8628 4062 4566 5070 5070 0 4566 INVESTMENT IN ACS 41879765 RETIREMENT PLAN 90737 DUE FROM RELATED PARTY 13520 OTHER ASSETS 15450 41999472 DUE TO RELATED PARTY 627938 CUSTOMER DEPOSITS 50398 RETIREMENT PLANS 90737 769073 X PART X, LINE 2: THE LEAGUE IS A CORPORATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE IRC, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON THE DIFFERENCE BETWEEN THE FINANCIAL STATEMENT AND TAX BASES OF ASSETS AND LIABILITIES, USING ENACTED TAX RATES IN EFFECT FOR THE YEAR IN WHICH THE DIFFERENCES ARE EXPECTED TO REVERSE. CURRENT INCOME TAXES ARE BASED ON THE YEAR'S TAXABLE INCOME FOR FEDERAL AND STATE INCOME TAX REPORTING PURPOSES. 0 CREDIT UNION NATIONAL ASSOCIATION INC 99 M ST SE STE 300 WASHINGTON DC 20003 237065623 501(C)(6) 201074 0 N/A N/A GENERAL OPERATING SUPPORT SOUTHEASTERN CREDIT UNION FOUNDATION 3692 COOLIDGE COURT TALLAHASSEE FL 32309 592252733 501(C)(3) 83458 0 N/A N/A GENERAL OPERATING SUPPORT ALABAMA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32309 521681138 527 50000 0 N/A N/A GENERAL OPERATING SUPPORT FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32309 591889104 527 50000 0 N/A N/A GENERAL OPERATING SUPPORT GEORGIA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32309 581434794 527 50000 0 N/A N/A GENERAL OPERATING SUPPORT 1 4 0 1 0 PATRICK LAPINE CEO 0 673691 0 0 0 16756 0 470822 0 24861 0 1186130 0 0 DR WEN HEMINGWAY CFO (UNTIL 11/23) 0 220926 0 55000 0 2564 0 97177 0 992 0 376659 0 0 SAMANTHA BEELER PRESIDENT LEAGUE 0 212530 0 48750 0 11518 0 26128 0 10235 0 309161 0 0 SYDNEY SERAL VP OF ADVOCACY 0 134064 0 18126 0 1012 0 15219 0 10413 0 178834 0 0 PART I, LINE 4B PATRICK LAPINE HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $437,822 IN 2023. SAMANTHA BEELER HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $71,181 IN 2023. FORM 990, PART VI, SECTION A, LINE 1A STANDING AND SPECIAL COMMITTEES, APPOINTED BY THE CHAPTER PRESIDENT OR REQUESTED BY THE LEAGUE, MAY BE CREATED FROM TIME TO TIME TO FACILITATE THE OPERATION AND PROPER FUNCTION OF THE CHAPTER. THESE COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AS PRESCRIBED BY THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 3 LSCU SERVICE CORPORATION, INC. PROVIDES ALL MANAGEMENT DUTIES. THEIR SERVICES INCLUDE PAYROLL, HUMAN RESOURCES, ACCOUNTING, FACILITIES, AND INFORMATION TECHNOLOGY FOR THE LEAGUE AND AFFILIATES. ALL OFFICERS, TRUSTEE, AND KEY EMPLOYEES ARE PAID BY LSCU SERVICE CORPORATION, INC. AND THEIR COMPENSATION IS REPORTED ON PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS MADE UP OF CREDIT UNIONS THROUGHOUT THE STATES OF ALABAMA, FLORIDA, AND GEORGIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT THE GOVERNING BODY. ELECTIONS ARE HELD ANNUALLY BUT NOT ALL DIRECTORS' POSITIONS ARE UP FOR ELECTION. THE GOVERNING BODY HAS STAGGERED TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE THE ANNUAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE BOARD TREASURER, CFO, AND LEAGUE PRESIDENT PRIOR TO FILING AND THEN SHARED WITH THE ENTIRE BOARD AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, COMMITTEE MEMBER, OFFICER, AGENT OR EMPLOYEE OF THE CORPORATION IN ANY MANNER, DIRECTLY OR INDIRECTLY PARTICIPATE IN THE DELIBERATION UPON THE DETERMINATION OF ANY QUESTION AFFECTING HIS PECUNIARY INTEREST OR THE PECUNIARY INTEREST OF ANY CORPORATION, PARTNERSHIP, OR ASSOCIATION IN WHICH HE IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF THE DISQUALIFICATION OF ANY DIRECTOR RESPECTING ANY MANNER PRESENTED TO THE BOARD OF DIRECTORS FOR DELIBERATION OR DETERMINATION, SUCH DIRECTOR SHALL WITHDRAW FROM SUCH DELIBERATION OR DETERMINATION; AND IN SUCH EVENT THE REMAINING QUALIFIED DIRECTORS PRESENT AT THE MEETING, IF CONSTITUTING A QUORUM WITH THE DISQUALIFIED DIRECTORS, MAY EXERCISE WITH RESPECT TO THIS MATTER, BY MAJORITY VOTE, ALL THE POWERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 LSCU SERVICE CORPORATION, A RELATED ORGANIZATION, PAYS ALL SALARY AND BENEFITS. AN OUTSIDE CONSULTANT IS HIRED BY THE BOARD TO PRODUCE A COMPREHENSIVE COMPENSATION REVIEW AND MAKES RECOMMENDATIONS TO THE COMPENSATION COMMITTEE. ONCE REVIEWED BY THE COMPENSATION COMMITTEE, ANY RECOMMENDED CHANGES TO THE CEO COMPENSATION ARE BROUGHT TO THE BOARD FOR APPROVAL. ALL OTHER OFFICERS' COMPENSATION IS REVIEWED BY LABOR IQ TO COMPARE SALARIES OF LIKE JOBS IN THE ASSOCIATION INDUSTRY AT OUR REVENUE SIZE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SUPPORT SERVICES 179,357. OUTSIDE SERVICES 576,021. BANK FEES 13,171. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INVESTMENT IN SUBSIDIARY 2,935,660. ALABAMA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 521681138 POLITICAL COMMITTEE AL 527 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 1 SOUTHEASTERN CREDIT UNION FOUNDATION 3692 COOLIDGE COURT TALLAHASSEE FL 32311 592252733 CHARITABLE ORGANIZATIONS FL 501(C)(3) LINE 7 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 1 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 591889104 POLITICAL COMMITTEE FL 527 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 1 GEORGIA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 581434794 POLITICAL COMMITTEE GA 527 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 1 AFFILIATES CONSOIDATED SERVICES LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 834690782 HOLDING CO FL LEAGUE OF SOUTHEASTERN CREDIT UNIONS 3317474 46986867 0 0 1.00000 CREDIT UNION VENDOR MANAGEMENT 3692 COOLIDGE CT TALLAHASSEE FL 32311 263465697 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C 93760 589832 0.51000 1 COMMON BOND TITLE OF FL 3692 COOLIDGE CT TALLAHASSEE FL 32311 862798465 TITLE SVCS FL COMMON BOND TITLE LLC C -1231673 1183750 1.00000 1 LEVERAGE BUSINESS LENDING LLC PO BOX 3108 TALLAHASSEE FL 32315 474390648 FNCL SVCS FL LSCU SERVICE CORPORATION INC C 869689 6809938 0.51000 1 CU AUDIT AND COMPLIANCE GROUP PO BOX 3108 TALLAHASSEE FL 32315 202711127 FNCL SVCS FL LSCU SERVICE CORPORATION INC C 1008763 2964373 1.00000 1 CSI ASSETS LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 834697389 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C 1220890 2623675 1.00000 1 MEMBERS ATM ALLIANCE LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 474162054 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C 108208 2830789 0.68730 1 GEORGIA CREDIT UNION AFFILIATES 3692 COOLIDGE CT TALLAHASSEE FL 32311 581556060 HOLDING CO GA AFFILIATES CONSOIDATED SERVICES LLC C 31999 2442213 1.00000 1 LEVERAGE PAYMENT SOLUTIONS 3692 COOLIDGE CT TALLAHASSEE FL 32311 581900087 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C 1705273 13352819 1.00000 1 GROWTH BY DESIGN INC 3692 COOLIDGE CT TALLAHASSEE FL 32311 581047790 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C -416407 870174 1.00000 1 COMMON BOND TITLE LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 454292185 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C -1231673 1183750 1.00000 1 SHARED COOPERATIVE SERVICES LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 834718990 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C 292004 508949 1.00000 1 GETTINGAHEAD ASSOCIATION INC 3692 COOLIDGE CT TALLAHASSEE FL 32311 200038434 FNCL EDUCATION GA LEAGUE OF SOUTHEASTERN CREDIT UNIONS C 19057 202570 1.00000 1 LSCU SERVICE CORPORATION INC PO BOX 3108 TALLAHASSEE FL 32315 591086132 FNCL SVCS FL AFFILIATES CONSOIDATED SERVICES LLC C 1934391 18526731 1.00000 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 LSCU SERVICE CORPORATION INC P 2914020 BOOK SOUTHEASTERN CREDIT UNION FOUNDATION C 592927 BOOK SOUTHEASTERN CREDIT UNION FOUNDATION B 83458 BOOK