2025-11-14T12:58:35-06:00 2024-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2024-01-01 590746906 SPACE COAST CREDIT UNION SPAC 3217522222 8045 NORTH WICKHAM ROAD MELBOURNE FL 32940 GABE I ENGMAN EVP/CFO 8004477228 2025-11-14 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2025-11-14 2024 2025-03-06 01:10:19Z SHANE HOYLE 8045 NORTH WICKHAM ROAD MELBOURNE FL 32940 516242984 0 X WWW.SCCU.COM X 1951 FL TO CREATE VALUE IN COOPERATIVE OWNERSHIP BY PROMOTING THRIFT THROUGH A BROAD ARRAY OF DEPOSIT AND SAVINGS PRODUCTS AND BY PROVIDING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES. 7 7 1276 13 568868 0 0 0 409934128 467444945 30844478 47622821 20400 1175218 440799006 516242984 0 0 0 0 94730956 110912544 0 0 0 283671116 356571545 378402072 467484089 62396934 48758895 8946056038 8804691155 8114022788 7914685415 832033250 890005740 THE CREDIT UNION OPERATES AS A MEMBER-OWNED DEMOCRATICALLY CONTROLLED COOPERATIVE ORGANIZED TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT REASONABLE RATES OF INTEREST. 0 0 DEPOSIT/SAVINGS PRODUCTS - THE CREDIT UNION PROMOTES THRIFT AND SAVINGS BY MAINTAINING A BROAD ARRAY OF DEPOSIT ACCOUNT PRODUCTS WITH LOW FEES AND HIGH INTEREST RATES. CONSUMER LOANS - THE CREDIT UNION CREATES LOW COST SOURCES OF CREDIT FOR THE PURPOSES OF OUR MEMBERS PURCHASING AUTOMOBILES AND OTHER RETAIL PRODUCTS AND SERVICES USED IN THEIR DAILY LIVES. REAL ESTATE LOANS - THE CREDIT UNION CREATES A LOW COST SOURCE OF CREDIT FOR THE PURPOSES OF OUR MEMBERS ATTAINING HOME OWNERSHIP. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 197879 0 1 1276 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X GABE I ENGMAN 3217522222 8045 NORTH WICKHAM ROAD MELBOURNE FL 32940 JULIE ROBBINS DIRECTOR 3.00 X 0 0 0 KEVIN R MCKEOWN DIRECTOR 3.00 X 0 0 0 DESMOND ALMARALES TREASURER 3.00 X X 0 0 0 THOMAS MYERS BOARD CHAIRPERSON 3.00 X X 0 0 0 HERBERT FISHER SECRETARY 3.00 X X 0 0 0 JOHN G OERTEL DIRECTOR 3.00 X 0 0 0 KAREN PALLADINO VICE CHAIRPERSON 3.00 X X 0 0 0 WILLIE HOWARD JR DIRECTOR 3.00 X 0 0 0 DALE NEUBERT DIRECTOR 3.00 X 0 0 0 SHANE HOYLE EVP/COO 50.00 X 670220 0 53210 GARY PRAGER EVP CHF STR&GWTH OFFICER 50.00 X 655321 0 50094 GABRIEL I ENGMAN SVP, CFO 50.00 X 520578 0 52829 CHAD JAENKE SVP, CIO 50.00 X 585139 0 54925 TIMOTHY M ANTONITION PRESIDENT/CEO 50.00 X 1594216 0 92469 LINDA HART SVP, CHRO 50.00 X 1053704 0 27721 PATRICK O WOOD VP, ACCOUNTING/CONTROLLER 50.00 X 362681 0 53035 ANTHONY M BLUNT VP CONSUMER SALES 50.00 X 424982 0 49829 DANIEL G BRYANT VP, MEMBER SERVICE CENTER 50.00 X 315060 0 43746 BENJAMIN T SNEAD VP, ENTERPRISE RISK MGMT 50.00 X 323042 0 53753 KIMBERLY TYREE VP PROCESSING 50.00 X 331920 0 55796 CARMEN M TAPANES SVP RETAIL SERVICES 50.00 X 349557 0 52968 DELANEY R HEDRICK SVP, HUMAN RESOURCES 50.00 X 290743 0 40131 DAVID CANNING VP, OPERATIONAL EXCELLENC 50.00 X 378949 0 46406 ERIN E FREEMAN VP, OPERATIONS 50.00 X 311169 0 22962 TODD A WICKARD SVP, IT OPERATIONS 50.00 X 506806 0 23120 SIRIPHONE SIRIPHANTHONG VP, FINANCE 50.00 X 208807 0 8580 ANN M ROBERTS VP PMNT/LOSS PREVENTION 50.00 X 315004 0 16504 JODIE R KINLEY-SMITH VP, PRODUCT LINE MANAGER 50.00 X 339876 0 50822 DANIEL CHIAPPONE SVP LENDING 50.00 X 398131 0 32078 PETER S FREYSTAETTER EXPRESS MORT ORIGINATOR 40.00 X 331344 0 52188 TINA L CLARK EXPRESS MORT ORIGINATOR 40.00 X 371888 0 42272 CHRISTOPHER MATTHEWS SVP, CARD SERVICES 50.00 X 607366 0 40132 ALLISON L MATTESON VP, LEARNING/DEVELOPMENT 50.00 X 388927 0 27760 BEVERLY B SMITH VP RETAIL SERVICES 50.00 X 296854 0 8158 11932284 0 1051488 131 0 1 0 CU NEXTGEN CUSO LLC 4750 ASHWOOD DR BLUE ASH OH 45241 TECHNOLOGY AND SOFTWARE SOLUTIONS 2482506 MERIDIANLINK INC 3560 HYLAND AVE STE 200 COSTA MESA CA 92626 DIGITAL LENDING APPLICATIONS 1072803 BLAXBERG GRAYSON & KUKOFF PA 25 SE 2ND AVE STE 730 MIAMI FL 33131 LEGAL SERVICES 932445 KATTEN MUCHIN ROSENMAN LLP 525 WEST MONROE ST STE 1900 CHICAGO IL 60661 LEGAL SERVICES 785216 MARKETSPHERE CONSULTING LLC 14301 FIRST NATIONAL BANK PKWY STE OMAHA NE 68154 CONSULTING 369650 13 INCOME FROM LOANS 522100 371609685 371609685 FEES/CHARGES/OTHER 522100 83806032 83806032 GAIN ON SALE OF LOANS RECEIVABLE 522100 11460360 11460360 NON-MEMBER ATM SURCHARGES 522100 568868 568868 467444945 47622821 47622821 14400 0 14400 14400 14400 OTHER GAINS 522100 1160818 1160818 1160818 516242984 466876077 568868 48798039 10816883 78821937 3717648 11725113 5830963 1274524 600000 4493317 11555296 14442540 14813604 984699 955967 167141665 7722500 1299987 PROVISION FOR LOAN LOSS 66406860 MARKETING EXPENSE 9651749 DEBIT AND CREDIT CARD E 9599676 LOAN SERVICING 9455752 36173409 467484089 43043842 47623069 674887052 400428441 6366767 91755248 82994888 80737587 7312427505 7339479784 14872353 10874980 200306876 96598685 96059997 103708191 432496031 461476490 45850971 35671070 237056632 232936295 8946056038 8804691155 114397663 121684335 1140000000 540000000 6859625125 7253001080 8114022788 7914685415 X 0 0 0 0 832033250 890005740 832033250 890005740 8946056038 8804691155 X 48758895 5298026 3915569 X X 0 1 X 1 0 32866 32866 32866 1 FL-CUPACLEAGUE OF SOUTHEASTERN CREDIT UNIONS 22 INVERNESS PARKWAY SUITE 200 BIRMINGHAM AL 35242 943458406 32866 1 X 27278319 27278319 74995137 28320486 46674651 23379865 15298974 8080891 74653555 52979225 21674330 103708191 MEMBER DEPOSITS 7047495951 INTEREST PAYABLE 5609754 OPERATING LEASE LIABILITIES 28364375 NON-MEMBER DEPOSITS 171531000 7253001080 X 516242984 0 516242984 0 516242984 467484089 0 467484089 0 467484089 PART IV, LINE 2B: THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION OR HAVE MORTGAGES SERVICED BY THE CREDIT UNION. PART X, LINE 2: PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES, REQUIRE VALUATION OF UNCERTAINTY IN INCOME TAXES FOR POTENTIAL FINANCIAL STATEMENT DISCLOSURE. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. SUCH TAX POSITIONS INITIALLY AND SUBSEQUENTLY NEED TO BE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE TAX AUTHORITY ASSUMING FULL KNOWLEDGE OF THE POSITION AND RELEVANT FACTS. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE CREDIT UNION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. X X X 1 1 X X X X 1 1 0 TIMOTHY M ANTONITION PRESIDENT/CEO 1130002 0 400000 0 64214 0 47750 0 44719 0 1686685 0 0 0 LINDA HART SVP, CHRO 868768 0 180000 0 4936 0 16500 0 11221 0 1081425 0 0 0 SHANE HOYLE EVP/COO 462409 0 190000 0 17811 0 20700 0 32510 0 723430 0 0 0 GARY PRAGER EVP CHF STR&GWTH OFFICER 454107 0 180000 0 21214 0 17250 0 32844 0 705415 0 0 0 CHRISTOPHER MATTHEWS SVP, CARD SERVICES 496400 0 90519 0 20447 0 20700 0 19432 0 647498 0 0 0 CHAD JAENKE SVP, CIO 420939 0 160000 0 4200 0 20700 0 34225 0 640064 0 0 0 GABRIEL I ENGMAN SVP, CFO 406578 0 109800 0 4200 0 17250 0 35579 0 573407 0 0 0 TODD A WICKARD SVP, IT OPERATIONS 369385 0 137098 0 323 0 20133 0 2987 0 529926 0 0 0 ANTHONY M BLUNT VP CONSUMER SALES 330479 0 86587 0 7916 0 17250 0 32579 0 474811 0 0 0 DANIEL CHIAPPONE SVP LENDING 281299 0 103240 0 13592 0 20700 0 11378 0 430209 0 0 0 DAVID CANNING VP, OPERATIONAL EXCELLENC 273199 0 105750 0 0 0 20700 0 25706 0 425355 0 0 0 ALLISON L MATTESON VP, LEARNING/DEVELOPMENT 292531 0 96396 0 0 0 19619 0 8141 0 416687 0 0 0 PATRICK O WOOD VP, ACCOUNTING/CONTROLLER 327865 0 31665 0 3151 0 19994 0 33041 0 415716 0 0 0 TINA L CLARK EXPRESS MORT ORIGINATOR 356660 0 2711 0 12517 0 20994 0 21278 0 414160 0 0 0 CARMEN M TAPANES SVP RETAIL SERVICES 265785 0 71252 0 12520 0 17250 0 35718 0 402525 0 0 0 JODIE R KINLEY-SMITH VP, PRODUCT LINE MANAGER 278847 0 45226 0 15803 0 14518 0 36304 0 390698 0 0 0 KIMBERLY TYREE VP PROCESSING 242941 0 84812 0 4167 0 20228 0 35568 0 387716 0 0 0 PETER S FREYSTAETTER EXPRESS MORT ORIGINATOR 309507 0 2852 0 18985 0 20700 0 31488 0 383532 0 0 0 BENJAMIN T SNEAD VP, ENTERPRISE RISK MGMT 241898 0 81144 0 0 0 18943 0 34810 0 376795 0 0 0 DANIEL G BRYANT VP, MEMBER SERVICE CENTER 221819 0 70301 0 22940 0 11153 0 32593 0 358806 0 0 0 ERIN E FREEMAN VP, OPERATIONS 234793 0 76376 0 0 0 12804 0 10158 0 334131 0 0 0 ANN M ROBERTS VP PMNT/LOSS PREVENTION 234907 0 80097 0 0 0 15750 0 754 0 331508 0 0 0 DELANEY R HEDRICK SVP, HUMAN RESOURCES 259137 0 29668 0 1938 0 7622 0 32509 0 330874 0 0 0 BEVERLY B SMITH VP RETAIL SERVICES 58371 0 50014 0 188469 0 5110 0 3048 0 305012 0 0 0 SIRIPHONE SIRIPHANTHONG VP, FINANCE 169941 0 38866 0 0 0 7812 0 768 0 217387 0 0 0 PART I, LINES 4A-B THE CREDIT UNION HAS ENTERED INTO SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH TIMOTHY M. ANTONITION, CEO/PRESIDENT, GARY PRAGER, SVP/CHIEF GROWTH OFFICER, SHANE HOYLE, SVP/COO, GABRIEL ENGMAN, EVP/CFO, LINDA HART, FORMER SVP/CHRO, AND CHAD JAENKE, SVP/CIO. THE PREMIUMS ON THE POLICIES WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE OFFICERS. INTEREST ACCRUES TO THE LOANS MONTHLY. THE CREDIT UNION PROVIDES A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER CODE SECTION 457(F) FOR THE FOLLOWING SENIOR MANAGEMENT EMPLOYEES: ANTHONY BLUNT, DANIEL BRYANT, DAVID CANNING, DANIEL CHIAPPONE, ERIN FREEMAN, DELANEY HENDRICK, JODIE KINLEY-SMITH, BENJAMIN SNEAD, TODD WICKARD, AND PATRICK WOOD. AS PART OF THE PLAN, THE CREDIT UNION PAYS A RETENTION BENEFIT TO EACH EMPLOYEE. BENEFITS ARE ALSO PAID IF EMPLOYMENT TERMINATES BEFORE THE RETENTION PERIOD IS MET UNDER SPECIFIED CIRCUMSTANCES. TIMOTHY M ANTONITION PRESIDENT/CEO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 31200000 31188000 0 1 1 GARY PRAGER EVP, CHF STR&GWTH OFFICER TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 8000000 8023579 0 1 1 SHANE HOYLE EVP, COO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 10100000 10129768 0 1 1 GABE ENGMAN EVP, CFO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 9100000 9126821 0 1 1 LINDA HART FORMER SVP, CHRO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 10500000 10534936 0 1 1 CHAD JAENKE SVP, CIO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 11700000 11734483 0 1 1 80737587 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS SERVE THREE-YEAR TERMS AND THE TERM EXPIRATIONS ARE STAGGERED AMONGST THE BOARD MEMBERS. ANNUALLY, NOMINATIONS ARE CALLED FOR, AND A COMMITTEE OF THE BOARD IS APPOINTED TO REVIEW CANDIDATE QUALIFICATIONS. QUALIFIED CANDIDATES ARE INCLUDED ON THE SLATE OF CANDIDATES THAT WE PUBLISH TO OUR MEMBERS. EACH MEMBER GETS ONE VOTE AND THESE VOTES ARE TALLIED BY AN INDEPENDENT CPA FIRM. FORM 990, PART VI, SECTION A, LINE 7B THE ONLY DECISIONS THAT WOULD HAVE TO BE APPROVED BY MEMBERS WOULD BE A CHANGE IN OWNERSHIP OF THE CREDIT UNION, SUCH AS MERGING INTO ANOTHER CREDIT UNION OR CONVERTING TO ANOTHER TYPE OF CHARTER. SELLING MEMBER SHARES AND OTHER DEPOSIT RELATIONSHIPS TO ANOTHER ENTITY WOULD REQUIRE A VOTE BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS NOT REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. IT IS PREPARED BY EXTERNAL CPA'S AND REVIEWED BY THE EVP/CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS PARTIALLY MONITORED VIA "FLAGGING" OF OFFICERS, DIRECTORS, AND KEY EMPLOYEE ACCOUNTS AND THE SUBSEQUENT INTERNAL AUDIT REVIEW OF ACTIVITY IN THOSE ACCOUNTS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION AND OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION HAVE BEEN DETERMINED THROUGH A COMBINATION OF THE HUMAN RESOURCE DEPARTMENT'S REVIEW OF CREDIT UNION AND BANKING INDUSTRY SALARY SURVEYS AND THE USE OF AN OUTSIDE COMPENSATION AND BENEFITS CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE MEMBERSHIP UPON REQUEST. OUR FINANCIAL INFORMATION IS ALSO AVAILABLE IN A REGULATORY FORMAT AT THE NATIONAL CREDIT UNION ADMINISTRATION'S WEBSITE (WWW.NCUA.GOV). FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 3,915,569. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C: THE CREDIT UNION HAS AN AUDIT COMMITTEE CONSISTING OF FIVE MEMBER VOLUNTEERS WHO ASSUME THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 1500 E COMMERICAL BOULEVARD LLC 8045 N WICKHAM ROAD MELBOURNE FL 32940 814562170 REO MANAGEMENT FL 0 100 SCCU AUTO FUNDING LLC 8045 N WICKHAM ROAD MELBOURNE FL 32940 ACQUISITION OF LOANS FOR SALE TO ABS BOND ISSUER DE 16466928 65392029