Liabilities / Assets
7th percentile
Higher debt load relative to assets than 7% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.80x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Down$299,563,815
Down $4,795,748 (-1.6%) from 2012
Net Assets
Down$59,166,626
Down $2,581,769 (-4.2%) from 2012
Liabilities
Down$240,397,189
Down $2,213,979 (-0.9%) from 2012
Revenue And Expenses
Revenue
$7,299,856
No earlier filing loaded for comparison.
Expenses
Down$7,479,602
Down $344,249 (-4.4%) from 2012
Net Income
-$179,746
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- May 15, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $7,299,856
Mission and Program Overview
Mission
State chartered federally insured credit union providing low cost financial services to 21749 members.
The credit union is a member owned cooperative that is operated under the philosophy of people helping people. The credit union returns the profits to its members with higher dividends on savings and lower interest on loans and fewer fees service charges.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $169,534,075 | $175,985,311 | ▲ $6,451,236 |
| Other Notes and Loans Receivable, Net | $74,864,473 | $72,882,350 | ▼ $1,982,123 |
| Rtn Earn Endowment Incm Other Fnds | $61,748,395 | $59,166,626 | ▼ $2,581,769 |
| Savings and Temporary Cash Investments | $50,492,904 | $42,223,197 | ▼ $8,269,707 |
| Land, Buildings, and Equipment, Net | $2,186,219 | $2,110,543 | ▼ $75,676 |
| Cash and Non-Interest-Bearing Accounts | $1,572,875 | $1,333,989 | ▼ $238,886 |
| Prepaid Expenses and Deferred Charges | $875,219 | $745,759 | ▼ $129,460 |
| Total Assets | $304,359,563 | $299,563,815 | ▼ $4,795,748 |
| Other Assets Total | $4,833,798 | $4,282,666 | ▼ $551,132 |
| Liabilities | |||
| Other Liabilities | $240,564,794 | $238,365,595 | ▼ $2,199,199 |
| Accounts Payable and Accrued Expenses | $2,046,374 | $2,031,594 | ▼ $14,780 |
| Total Liabilities | $242,611,168 | $240,397,189 | ▼ $2,213,979 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $61,748,395 | $59,166,626 | ▼ $2,581,769 |
| Total Liabilities and Net Assets / Fund Balance | $304,359,563 | $299,563,815 | ▼ $4,795,748 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,132,238 | $1,317,543 | $2,449,781 |
| Equipment | $665,269 | $1,238,259 | $1,903,528 |
| Land | $313,036 | - | $313,036 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Paul E Numbers Jr | CEO | FT | $258,121 | $43,946 | $302,067 |
| Paul E Numbers Jr CEO | - | - | $230,246 | $71,821 | $302,067 |
| Richard Harper | CFO | FT | $175,817 | $35,617 | $211,434 |
| Richard Harper CFO | - | - | $153,807 | $57,627 | $211,434 |
| Joseph Carpenter | COO | FT | $137,793 | $31,287 | $169,080 |
| Joseph Carpenter COO | - | - | $130,600 | $38,480 | $169,080 |
Board Members and Trustees
| Name | Title |
|---|---|
| Dean Willis | Chairman |
| Sandra Magyar | Vice Chairman |
| Don Mills | Director |
| Melba Jordan | Director |
| Ken Jones | Secretarytreasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| None | - | - | - |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $5,341,348
- Investment Income
- $1,958,508
- Other Revenue
- $0
- Change in Net Assets
- $-179,746
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $7,299,856
- Total Revenue per Audited Statements
- $7,299,856
- Total Revenue per Form 990
- $7,299,856
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $3,337,711 |
| Salaries, Compensation, and Employee Benefits | $3,203,144 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $1,950,480 |
| Benefits to Members | - | - | - | $938,747 |
| All Other Expenses | - | - | - | $753,688 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $571,731 |
| Advertising | - | - | - | $515,280 |
| Information Technology | - | - | - | $472,447 |
| Office Expenses | - | - | - | $382,461 |
| Depreciation Depletion | - | - | - | $276,777 |
| Other Employee Benefits | - | - | - | $266,034 |
| Pension Plan Contributions | - | - | - | $233,281 |
| Occupancy | - | - | - | $231,004 |
| Other Expenses | - | - | - | $187,412 |
| Payroll Taxes | - | - | - | $181,618 |
| Fees for Services Other | - | - | - | $143,217 |
| Fees for Services Accounting | - | - | - | $86,839 |
| Insurance | - | - | - | $63,348 |
| Travel | - | - | - | $46,576 |
| Fees for Services Legal | - | - | - | $11,994 |
| Fees for Services Management | - | - | - | $8,880 |
| Conferences and Meetings | - | - | - | $1,018 |
| Total Functional Expenses | $0 | $0 | $0 | $7,479,602 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $7,479,602 |
| Total Expenses per Audited Statements | $7,479,602 |
| Total Expenses per Form 990 | $7,479,602 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Deposits | $238,365,595 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- No
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990 Part VI Section A Line 6
“The credit union has members. Membership is composed of those employed contracted with or assigned to the state of florida and their immediate families or this credit union and their immediate family the federal county municipal and public employees and their immediate family who reside within a geographic area where secu maintains an office and any person who resides or works in baker bradford clay duval franklin jefferson leon liberty madison nassau st johns taylor wakulla or union county florida.”
Form 990 Part VI Section A Line 7A
“The governing body which is our board of directors are elected by the credit unions membership in conjunction with our annual meeting. As terms expire each board member is elected to a 3 year term.”
Form 990 Part VI Section A Line 7B
“Membership is required to vote on any merger opportunity.”
Form 990 Part VI Section B Line 11
“The cfo is responsible for the preparation of the form 990. Upon completion the return is reviewed by the ceo and cfo. Once all parties have completed their review and any necessary corrections have been made the return is filed and a copy of the 990 will be made available upon request. The board of directors shall review the form subsequent to filing.”
Form 990 Part VI Section B Line 12C
“The conflict of interest policy is approved by the board of directors and reviewed annually. Any possible conflict is researched and reviewed requiring full disclosure.”
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 uses an executive compensation survey from independant third party to determine the ceo's compensation. For all other positions in the organization pay ranges are reviewed on an annual basis utilizing data from an independant compensation study.”
Form 990 Part VI Section C Line 19
“Governing documents the conflict of interest policy and financial statements will be made available to the public upon request. The credit union's quarterly financial statements are available for public viewing on the ncua.gov website.”
Filing and Contact Details
Filer
- EIN
- 59-0248185
Signing Officer
- Name
- Paul Numbers Jr
- Title
- CEO
- Phone
- 9044187300
- Signed
- 2014-05-15
Organization Details
- Principal Officer
- Paul Numbers Jr
- Formed
- 1937
- Legal Domicile
- Fl
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 55
- Volunteers
- 5
Supplemental Narrative
Financial Statement Notes
Part X. Line 2
“Credit union member deposits in share savings share certificates and ira share and certificate accounts.”
Raw XML Appendix370 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 2046374 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2031594 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityCd | 0 | 522130 |
| IRS990/ActivityOrMissionDesc | 0 | THE CREDIT UNION IS A MEMBER OWNED COOPERATIVE THAT IS OPERATED UNDER THE PHILOSOPHY OF PEOPLE HELPING PEOPLE. THE CREDIT UNION RETURNS THE PROFITS TO ITS MEMBERS WITH HIGHER DIVIDENDS ON SAVINGS AND LOWER INTEREST ON LOANS AND FEWER FEES SERVICE CHARGES. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 515280 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 753688 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 938747 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | RICHARD HARPER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9044187370 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 401 W 1ST STREET |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | JACKSONVILLE |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | FL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 32202 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1572875 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1333989 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 571731 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1018 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | NONE |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 938747 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1958508 |
| IRS990/CYOtherExpensesAmt | 0 | 3337711 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 5341348 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -179746 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 3203144 |
| IRS990/CYTotalExpensesAmt | 0 | 7479602 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7299856 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 276777 |
| IRS990/Desc | 0 | STATE CHARTERED FEDERALLY INSURED CREDIT UNION PROVIDING LOW COST FINANCIAL SERVICES TO 21749 MEMBERS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 55 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 86839 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 11994 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 8880 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 143217 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 43946 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 35617 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 31287 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DEAN WILLIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SANDRA MAGYAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KEN JONES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MELBA JORDAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DON MILLS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | PAUL E NUMBERS JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | RICHARD HARPER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JOSEPH CARPENTER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 258121 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 175817 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 137793 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARYTREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | COO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 1937 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 49787 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 183304 |
| IRS990/GrossReceiptsAmt | 0 | 7299856 |
| IRS990/GroupExemptionNum | 0 | 2106 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 472447 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 63348 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1908721 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1908721 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 169534075 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 175985311 |
| IRS990/IRPDocumentCnt | 0 | 9 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2555802 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2186219 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2110543 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4666345 |
| IRS990/LegalDomicileStateCd | 0 | FL |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 133517 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | true |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | STATE CHARTERED FEDERALLY INSURED CREDIT UNION PROVIDING LOW COST FINANCIAL SERVICES TO 21749 MEMBERS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 61748395 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 59166626 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 49787 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 49787 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -2402023 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 231004 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 382461 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 4833798 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4282666 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 266034 |
| IRS990/OtherExpensesGrp/Desc | 0 | LOAN LOSS EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | EQUIPMENT MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | STATE EXAM FEE |
| IRS990/OtherExpensesGrp/Desc | 3 | NCUA ASSESSMENT |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 36686 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 47334 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 72750 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 187412 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 240564794 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 238365595 |
| IRS990/OtherOrganizationDsc | 0 | CREDIT UNION |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1950480 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 74864473 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 72882350 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 181618 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 233281 |
| IRS990/PoliciesReferenceChaptersInd | 0 | true |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 875219 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 745759 |
| IRS990/PrincipalOfficerNm | 0 | PAUL NUMBERS JR |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522130 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INCOME FROM LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ACCOUNT AND SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3654276 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1680672 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3654276 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1687072 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 6400 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 1390272 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2053765 |
| IRS990/PYOtherExpensesAmt | 0 | 3244262 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 5412469 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -357617 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 3189317 |
| IRS990/PYTotalExpensesAmt | 0 | 7823851 |
| IRS990/PYTotalRevenueAmt | 0 | 7466234 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -179746 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 61748395 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 59166626 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 50492904 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 42223197 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1132238 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1317543 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2449781 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 665269 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1238259 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1903528 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 7479602 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 313036 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 313036 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 238365595 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER DEPOSITS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 7299856 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | CREDIT UNION MEMBER DEPOSITS IN SHARE SAVINGS SHARE CERTIFICATES AND IRA SHARE AND CERTIFICATE ACCOUNTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X. LINE 2 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2110543 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 7479602 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 238365595 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 7299856 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 7299856 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 7479602 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 230246 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 153807 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 2 | 130600 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 28329 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 20000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 2 | 16107 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 15617 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 15617 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 2 | 15180 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 27875 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 22010 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 2 | 7193 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | PAUL E NUMBERS JR CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | RICHARD HARPER CFO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | JOSEPH CARPENTER COO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 302067 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 211434 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 2 | 169080 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SubstantiationRequiredInd | 0 | true |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleJ/TravelForCompanionsInd | 0 | X |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd | 0 | true |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CREDIT UNION HAS MEMBERS. MEMBERSHIP IS COMPOSED OF THOSE EMPLOYED CONTRACTED WITH OR ASSIGNED TO THE STATE OF FLORIDA AND THEIR IMMEDIATE FAMILIES OR THIS CREDIT UNION AND THEIR IMMEDIATE FAMILY THE FEDERAL COUNTY MUNICIPAL AND PUBLIC EMPLOYEES AND THEIR IMMEDIATE FAMILY WHO RESIDE WITHIN A GEOGRAPHIC AREA WHERE SECU MAINTAINS AN OFFICE AND ANY PERSON WHO RESIDES OR WORKS IN BAKER BRADFORD CLAY DUVAL FRANKLIN JEFFERSON LEON LIBERTY MADISON NASSAU ST JOHNS TAYLOR WAKULLA OR UNION COUNTY FLORIDA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE GOVERNING BODY WHICH IS OUR BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNIONS MEMBERSHIP IN CONJUNCTION WITH OUR ANNUAL MEETING. AS TERMS EXPIRE EACH BOARD MEMBER IS ELECTED TO A 3 YEAR TERM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERSHIP IS REQUIRED TO VOTE ON ANY MERGER OPPORTUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE FORM 990. UPON COMPLETION THE RETURN IS REVIEWED BY THE CEO AND CFO. ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND ANY NECESSARY CORRECTIONS HAVE BEEN MADE THE RETURN IS FILED AND A COPY OF THE 990 WILL BE MADE AVAILABLE UPON REQUEST. THE BOARD OF DIRECTORS SHALL REVIEW THE FORM SUBSEQUENT TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CONFLICT OF INTEREST POLICY IS APPROVED BY THE BOARD OF DIRECTORS AND REVIEWED ANNUALLY. ANY POSSIBLE CONFLICT IS RESEARCHED AND REVIEWED REQUIRING FULL DISCLOSURE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM INDEPENDANT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR ALL OTHER POSITIONS IN THE ORGANIZATION PAY RANGES ARE REVIEWED ON AN ANNUAL BASIS UTILIZING DATA FROM AN INDEPENDANT COMPENSATION STUDY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA.GOV WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 PART VI SECTION A LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990 PART VI SECTION A LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990 PART VI SECTION A LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990 PART VI SECTION B LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990 PART VI SECTION B LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990 PART VI SECTION B LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990 PART VI SECTION C LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 304359563 |
| IRS990/TotalAssetsEOYAmt | 0 | 299563815 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 304359563 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 299563815 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 55 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 7479602 |
| IRS990/TotalGrossUBIAmt | 0 | 6400 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 242611168 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 240397189 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 242611168 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 240397189 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 61748395 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 59166626 |
| IRS990/TotalOtherCompensationAmt | 0 | 110850 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 5341348 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 571731 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7293456 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 7299856 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 6400 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 304359563 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 299563815 |
| IRS990/TravelGrp/TotalAmt | 0 | 46576 |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | SECUFL.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PAUL NUMBERS JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9044187300 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | STATE EMPLOYEES CREDIT UNION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2 | 0 | R |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | STAT |
| ReturnHeader/Filer/EIN | 0 | 590248185 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 401 W 1ST STREET |
| ReturnHeader/Filer/USAddress/City | 0 | JACKSONVILLE |
| ReturnHeader/Filer/USAddress/State | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 32202 |
| ReturnHeader/ReturnTs | 0 | 2014-05-15T12:25:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $299,563,815
- Liabilities
- $240,397,189
- Net assets
- $59,166,626
- Revenue
- $7,299,856
- Expenses
- $7,479,602
- Net income
- -$179,746