Civic Intelligence

State Chartered Credit Unions in Florida Florida Central Credit Union

990 • Fiscal year 2018 • EIN 59-0857430

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileWWW.FLORIDACENTRALCU.COM

View Organization Page

3333 Henderson BlvdTampa, FL 33609

(813) 879-3333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

0.93x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

21.94x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Net Margin

9th percentile

5.3%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

57th percentile

$428,020

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Asset Growth

88th percentile

10%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

1.8%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$498,115,505

Up $46,906,923 (+10%) from 2017

Net Assets

Down

$35,770,530

Down $66,243 (-0.2%) from 2017

Liabilities

Up

$462,344,975

Up $46,973,166 (+11%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin9th percentile

Revenue

Up

$21,071,123

Up $367,199 (+1.8%) from 2017

Expenses

Up

$19,952,284

Up $1,149,642 (+6.1%) from 2017

Net Income

Down

$1,118,839

Down $782,443 (-41%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $299,100,711Liabilities 2010: $269,743,004Net Assets 2010: $29,357,7072010Assets 2011: $356,257,822Liabilities 2011: $324,020,003Net Assets 2011: $32,237,8192011Assets 2012: $384,383,811Liabilities 2012: $351,831,346Net Assets 2012: $32,552,4652012Assets 2013: $386,819,806Liabilities 2013: $351,702,678Net Assets 2013: $35,117,1282013Assets 2014: $390,919,027Liabilities 2014: $352,823,472Net Assets 2014: $38,095,5552014Assets 2015: $413,769,774Liabilities 2015: $377,444,698Net Assets 2015: $36,325,0762015Assets 2016: $439,134,010Liabilities 2016: $406,071,845Net Assets 2016: $33,062,1652016Assets 2017: $451,208,582Liabilities 2017: $415,371,809Net Assets 2017: $35,836,7732017Assets 2018: $498,115,505Liabilities 2018: $462,344,975Net Assets 2018: $35,770,5302018Assets 2019: $495,049,945Liabilities 2019: $458,833,766Net Assets 2019: $36,216,1792019Assets 2020: $573,102,269Liabilities 2020: $534,875,293Net Assets 2020: $38,226,9762020Assets 2021: $620,353,009Liabilities 2021: $585,711,519Net Assets 2021: $34,641,4902021Assets 2022: $591,612,328Liabilities 2022: $584,226,613Net Assets 2022: $7,385,7152022Assets 2023: $594,851,998Liabilities 2023: $581,753,348Net Assets 2023: $13,098,6502023Assets 2024: $600,624,639Liabilities 2024: $585,919,502Net Assets 2024: $14,705,1372024

Highlighted filing

2018

Assets$498,115,505
Liabilities$462,344,975
Net Assets$35,770,530
Open 2018 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $17,930,7782010Expenses 2011: $17,869,7112011Revenue 2012: $20,565,312Expenses 2012: $18,274,372Net Income 2012: $2,290,9402012Revenue 2013: $20,218,687Expenses 2013: $18,458,706Net Income 2013: $1,759,9812013Revenue 2014: $21,596,623Expenses 2014: $19,052,206Net Income 2014: $2,544,4172014Revenue 2015: $21,602,757Expenses 2015: $21,439,453Net Income 2015: $163,3042015Revenue 2016: $21,552,272Expenses 2016: $22,450,802Net Income 2016: -$898,5302016Revenue 2017: $20,703,924Expenses 2017: $18,802,642Net Income 2017: $1,901,2822017Revenue 2018: $21,071,123Expenses 2018: $19,952,284Net Income 2018: $1,118,8392018Revenue 2019: $22,829,219Expenses 2019: $23,254,955Net Income 2019: -$425,7362019Revenue 2020: $20,410,782Expenses 2020: $20,746,977Net Income 2020: -$336,1952020Revenue 2021: $19,516,716Expenses 2021: $19,696,004Net Income 2021: -$179,2882021Revenue 2022: $22,088,773Expenses 2022: $19,819,876Net Income 2022: $2,268,8972022Revenue 2023: $27,385,819Expenses 2023: $25,533,813Net Income 2023: $1,852,0062023Revenue 2024: $31,798,268Expenses 2024: $30,792,561Net Income 2024: $1,005,7072024

Highlighted filing

2018

Revenue$21,071,123
Expenses$19,952,284
Net Income$1,118,839
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$21,071,123
Mission and Program Overview

Mission

Floridacentral credit union is a member owned cooperative dedicated to promoting thrift and providing its members with competitively priced, quality financial services while maintaining service in a professional, accurate and efficient manner to all members regardless of socio-economic status.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$339,777,680$353,796,935▲ $14,019,255
Savings and Temporary Cash Investments$25,245,371$59,047,539▲ $33,802,168
Investments in Publicly Traded Securities$42,777,690$40,452,554▼ $2,325,136
Rtn Earn Endowment Incm Other Fnds$35,836,773$35,770,530▼ $66,243
Land, Buildings, and Equipment, Net$12,456,667$12,734,080▲ $277,413
Prepaid Expenses and Deferred Charges$8,409,665$7,953,835▼ $455,830
Cash and Non-Interest-Bearing Accounts$3,192,037$3,888,627▲ $696,590
Accounts Receivable$1,021,617$1,476,693▲ $455,076
Investments Other Securities$1,100,647$1,095,828▼ $4,819
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$451,208,582$498,115,505▲ $46,906,923
Other Assets Total$17,227,208$17,669,414▲ $442,206
Liabilities
Other Liabilities$410,571,564$459,253,915▲ $48,682,351
Accounts Payable and Accrued Expenses$4,800,245$3,091,060▼ $1,709,185
Total Liabilities$415,371,809$462,344,975▲ $46,973,166
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,836,773$35,770,530▼ $66,243
Total Liabilities and Net Assets / Fund Balance$451,208,582$498,115,505▲ $46,906,923

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,193,634$1,772,076$7,965,710
Land$5,666,609-$5,666,609
Equipment$738,543$4,841,284$5,579,827
Leasehold Improvements$135,294$389,363$524,657
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laida E GarciaCEO/board TreasurerFT$344,176$83,844$428,020
Sharon HillCFOFT$176,671$29,566$206,237
Julie FlattEvp/COOFT$167,725$34,236$201,961
Patricia WaddellIt ManagerFT$113,175$62,161$175,336
Brian RobinsonSVP/CMOFT$111,282$50,682$161,964
Joseph MattaContollerFT$109,759$44,280$154,039
Craig BurkhardCheif Credit OfficerFT$113,325$40,059$153,384
Thomas ChestnuttDirector of SalesFT$126,637$26,236$152,873
Kenneth H SpenceSecretary-$5,733-$5,733
David SteffenDirector-$5,611-$5,611
Stephen ShearDirector-$5,438-$5,438
W MignoneDirector-$5,271-$5,271

Board Members and Trustees

NameTitle
Margaret SpurrierChairperson
Stevie OserlandVice Chairman
B HampelDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Air Mechanical And Service CorpA/c Repair/replacePO BOX 153179, Tampa, FL 33684$408,466
Kasasa LtdReward CheckingPO BOX 527, Lubbock, TX 79408$333,947
FiservIn House Core Processing75 REMITTANCE DR STE 6945, Chicago, IL 60675$315,761
Connect FinancialHomebanking64 E WINCHESTER ST STE 230, Murray, UT 84107$311,383
Cox Radio Inc-tampa BayAdvertisingPO BOX 83199, Chicago, IL 60691$297,102
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,475,858
Investment Income
$1,595,265
Other Revenue
$0
Change in Net Assets
$1,118,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,663,579
Salaries, Compensation, and Employee Benefits$7,288,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,052,886
Interest---$2,092,516
Current Officers, Directors, Trustees, and Key Employees---$1,011,655
Office Expenses---$1,007,479
All Other Expenses---$985,697
Other Employee Benefits---$888,342
Other Expenses---$696,341
Advertising---$695,302
Occupancy---$496,078
Depreciation Depletion---$492,736
Payroll Taxes---$450,423
Travel---$180,521
Insurance---$156,153
Information Technology---$146,908
Fees for Services Other---$133,173
Fees for Services Legal---$102,169
Fees for Services Accounting---$68,000
Fees for Services Management---$57,829
Conferences and Meetings---$17,014
Pension Plan Contributions---$-114,601
Total Functional Expenses$0$0$0$19,952,284
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,500
Total Exempt Function Spending$2,500

Section 527 Organizations

OrganizationLocationAmount
59-1889104Tallahassee, FL$2,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$145,077,944
Time Deposits$80,681,495
Ultimate Checking$70,011,067
Kasasa Deposits$61,994,802
Money Market$41,262,150
Checking Accounts$27,107,643
Ira Certificates$12,817,727
Ira Accounts$11,703,788
Share Draft Business$6,846,893
Regular Share Business$1,463,566
Christmas Club$283,082
Escrow$3,758
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“The organization is member owned. A credit union is led by a board of directors (all of whom must be members themselves), which is elected by the credit union membership and each member gets one vote.”

Form 990, Part VI, Section A, Line 7B

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body. Decisions are made by the governing body who represents the membership of the credit union.”

Form 990, Part VI, Section B, Line 11B

“The accounting manager is in charge of preparing form 990. The president and ceo of the credit union along with the cfo review the return and make the necessary corrections. The return is filed when completed.”

Form 990, Part VI, Section B, Line 15

“A performance evaluation form is completed by the board annually for the ceo. The ceo's salary is also determined by the board. For other officers or key employees, an evaluation is performed annually by the ceo. Job grades and compensation ranges for each grade are established by a third-party compensation form; koger, goodwin and associates.”

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 available for public viewing on the ncua.gov website via the quarterly 5300 filing.”

Filing and Contact Details

Filer

Filer Name
Florida Central Credit Union
EIN
59-0857430
Phone
8138793333
Address
3333 HENDERSON BLVD, TAMPA, FL 33609

Signing Officer

Name
Laida E Garcia
Title
CEO/treasurer of the Board
Phone
8133876112
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laida E Garcia
Formed
1991
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
7
Employees
169
Volunteers
10

Preparer

Firm
Doeren Mayhew
Address
12060 S W 129TH COURT STE 201, MIAMI, FL 33186-4582
Preparer
Douglas J Orth
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional and outside services 133,173.”

Form 990, Part IX, Line 24E

“Credit and collection expense 528,898. Home banking 302,162. Association dues 71,865. Miscellaneous expense 38,625. Education and promotion 31,661. Other losses 12,486.”

FORM 990, PART XI, LINE 9:

“Net pension losses -793,514.”

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.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt from most federal, state, and local taxes under the provisions of the internal revenue code and state tax laws. The income taxes topic of the fasb asc clarifies accounting for uncertainty in income taxes reported in the financial statements. The interpretation provides criteria for assessment of individual tax positions and a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not" standard for sustainability upon examination by tax authorities. The credit union is a state-chartered credit union as defined in internal revenue code (irc) section 501(c)(14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities directly related to its exempt purposes. However, irc section 511 imposes a tax on the unrelated business income (ubi) derived by state-chartered credit unions. Beginning in march 2008, the internal revenue service (irs) released technical advice memorandums (tams) to specific state-chartered credit unions specifying the revenue sources subject to unrelated business income tax (ubit). Ubi may also be subject to tax in certain states. The credit union has assessed its activities and any potential federal or state income tax liability and determined no liability exists from federal or state taxation of activities deemed to be unrelated to its exempt purpose. As such, the credit union has not filed tax returns for reporting ubit-related income for tax years prior to june 30, 2018. The irs and state, where applicable, have the ability to assess taxes, penalties and interest for years in which no tax return was filed. Management has determined that the financial impact, if any, of not filing ubit-related income tax returns in previous years would not be material to the credit union's consolidated financial statements for the years ended june 30, 2018 and 2017.”

Raw XML AppendixShowing 400 of 678 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
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FLORIDACENTRAL CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt834236
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt929566
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1040059
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1162161
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1244280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1326236
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1450682
IRS990/Form990PartVIISectionAGrp/PersonNm0LAIDA E GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1W MIGNONE
IRS990/Form990PartVIISectionAGrp/PersonNm2MARGARET SPURRIER
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN SHEAR
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVIE OSERLAND
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID STEFFEN
IRS990/Form990PartVIISectionAGrp/PersonNm6KENNETH H SPENCE
IRS990/Form990PartVIISectionAGrp/PersonNm7B HAMPEL
IRS990/Form990PartVIISectionAGrp/PersonNm8JULIE FLATT
IRS990/Form990PartVIISectionAGrp/PersonNm9SHARON HILL
IRS990/Form990PartVIISectionAGrp/PersonNm10CRAIG BURKHARD
IRS990/Form990PartVIISectionAGrp/PersonNm11PATRICIA WADDELL
IRS990/Form990PartVIISectionAGrp/PersonNm12JOSEPH MATTA
IRS990/Form990PartVIISectionAGrp/PersonNm13THOMAS CHESTNUTT
IRS990/Form990PartVIISectionAGrp/PersonNm14BRIAN ROBINSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0344176
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15271
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt35438
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt55611
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt65733
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8167725
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9176671
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10113325
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11113175
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12109759
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13126637
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14111282
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHEIF CREDIT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CONTOLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP/CMO
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IRS990/Form990TFiledInd01
IRS990/FormationYr01991
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt021071123
IRS990/GroupExemptionNum02106
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0146908
IRS990/InsuranceGrp/TotalAmt0156153
IRS990/InterestGrp/TotalAmt02092516
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01595265
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01595265
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01100647
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01095828
IRS990/InvestmentsPubTradedSecGrp/BOYAmt042777690
IRS990/InvestmentsPubTradedSecGrp/EOYAmt040452554
IRS990/IRPDocumentCnt012339
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07002723
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012456667
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012734080
IRS990/LandBldgEquipCostOrOtherBssAmt019736803
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FLORIDACENTRAL CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO PROMOTING THRIFT AND PROVIDING ITS MEMBERS WITH COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES WHILE MAINTAINING SERVICE IN A PROFESSIONAL, ACCURATE AND EFFICIENT MANNER TO ALL MEMBERS REGARDLESS OF SOCIO-ECONOMIC STATUS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt035836773
IRS990/NetAssetsOrFundBalancesEOYAmt035770530
IRS990/NetUnrelatedBusTxblIncmAmt013646
IRS990/NetUnrlzdGainsLossesInvstAmt0-391568
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0496078
IRS990/OfficeExpensesGrp/TotalAmt01007479
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017227208
IRS990/OtherAssetsTotalGrp/EOYAmt017669414
IRS990/OtherChangesInNetAssetsAmt0-793514
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0888342
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1SHARE/DEBIT/CREDIT CARD
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc3ATM EXPENSE
IRS990/OtherExpensesGrp/TotalAmt02199103
IRS990/OtherExpensesGrp/TotalAmt11843736
IRS990/OtherExpensesGrp/TotalAmt21292824
IRS990/OtherExpensesGrp/TotalAmt3696341
IRS990/OtherLiabilitiesGrp/BOYAmt0410571564
IRS990/OtherLiabilitiesGrp/EOYAmt0459253915
IRS990/OtherSalariesAndWagesGrp/TotalAmt05052886
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0339777680
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0353796935
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0450423
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0-114601
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08409665
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07953835
IRS990/PrincipalOfficerNm0LAIDA E GARCIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES/CHARGES/OTHER
IRS990/ProgramServiceRevenueGrp/Desc2NON MEMBER ATM FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012497760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16919348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012497760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16919348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt258750
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt058750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01089251
IRS990/PYOtherExpensesAmt011210892
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt019614673
IRS990/PYRevenuesLessExpensesAmt01901282
IRS990/PYSalariesCompEmpBnftPaidAmt07591750
IRS990/PYTotalExpensesAmt018802642
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020703924
IRS990/ReconcilationRevenueExpnssAmt01118839
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt035836773
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035770530
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025245371
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059047539
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt02500
IRS990ScheduleC/PoliticalExpendituresAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0591889104
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt03692 COOLIDGE COURT
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0TALLAHASSEE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd032311
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTED CREDIT UNION FUNDS TO THE FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt02500
IRS990ScheduleD/BuildingsGrp/BookValueAmt06193634
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01772076
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07965710
IRS990ScheduleD/EquipmentGrp/BookValueAmt0738543
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04841284
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05579827
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05666609
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05666609
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0135294
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0389363
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0524657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0145077944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1283082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt280681495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt327107643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt470011067
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt511703788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt612817727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt741262150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt83758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt91463566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt106846893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1161994802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CHRISTMAS CLUB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TIME DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CHECKING ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ULTIMATE CHECKING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5IRA ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6IRA CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc9REGULAR SHARE BUSINESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc10SHARE DRAFT BUSINESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc11KASASA DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS PRIOR TO JUNE 30, 2018. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAS DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012734080
IRS990ScheduleD/TotalLiabilityAmt0459253915
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0344176
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1167725

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$498,115,505
Liabilities
$462,344,975
Net assets
$35,770,530
Revenue
$21,071,123
Expenses
$19,952,284
Net income
$1,118,839
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$601$586$14.7$31.8$30.8$1.01
2023Detailed filing. Detailed filing data is available for this year.$595$582$13.1$27.4$25.5$1.85
2022Detailed filing. Detailed filing data is available for this year.$592$584$7.39$22.1$19.8$2.27
2021Detailed filing. Detailed filing data is available for this year.$620$586$34.6$19.5$19.7$0.18
2020Detailed filing. Detailed filing data is available for this year.$573$535$38.2$20.4$20.7$0.34
2019Detailed filing. Detailed filing data is available for this year.$495$459$36.2$22.8$23.3$0.43
2018Detailed filing. Detailed filing data is available for this year.$498$462$35.8$21.1$20.0$1.12
2017Detailed filing. Detailed filing data is available for this year.$451$415$35.8$20.7$18.8$1.90
2016Detailed filing. Detailed filing data is available for this year.$439$406$33.1$21.6$22.5$0.90
2015Detailed filing. Detailed filing data is available for this year.$414$377$36.3$21.6$21.4$0.16
2014Detailed filing. Detailed filing data is available for this year.$391$353$38.1$21.6$19.1$2.54
2013Detailed filing. Detailed filing data is available for this year.$387$352$35.1$20.2$18.5$1.76
2012Summary only. Only limited summary data is available for this year.$384$352$32.6$20.6$18.3$2.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$356$324$32.2$17.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$299$270$29.4$17.9