Civic Intelligence

State Chartered Credit Unions in Florida

990 • Fiscal year 2019 • EIN 59-0904715

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

4205 Hollywood BlvdHollywood, FL 33021

(954) 967-4441

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.89x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

19.38x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$216,778

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Asset Growth

43rd percentile

2.7%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

7.2%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$88,320,019

Up $2,347,916 (+2.7%) from 2018

Net Assets

Up

$9,601,081

Up $506,429 (+5.6%) from 2018

Liabilities

Up

$78,718,938

Up $1,841,487 (+2.4%) from 2018

Revenue

Up

$4,061,127

Up $273,094 (+7.2%) from 2018

Expenses

Up

$3,561,532

Up $222,478 (+6.7%) from 2018

Net Income

Up

$499,595

Up $50,616 (+11%) from 2018

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $50,817,295Liabilities 2010: $44,703,333Net Assets 2010: $6,113,9622010Assets 2011: $55,399,074Liabilities 2011: $49,047,510Net Assets 2011: $6,351,5642011Assets 2012: $59,806,851Liabilities 2012: $52,968,690Net Assets 2012: $6,838,1612012Assets 2013: $65,823,823Liabilities 2013: $58,718,897Net Assets 2013: $7,104,9262013Assets 2014: $69,390,367Liabilities 2014: $61,742,336Net Assets 2014: $7,648,0312014Assets 2015: $73,301,579Liabilities 2015: $65,288,729Net Assets 2015: $8,012,8502015Assets 2016: $79,678,497Liabilities 2016: $71,326,466Net Assets 2016: $8,352,0312016Assets 2017: $84,266,895Liabilities 2017: $75,617,015Net Assets 2017: $8,649,8802017Assets 2018: $85,972,103Liabilities 2018: $76,877,451Net Assets 2018: $9,094,6522018Assets 2019: $88,320,019Liabilities 2019: $78,718,938Net Assets 2019: $9,601,0812019Assets 2020: $106,919,286Liabilities 2020: $97,161,275Net Assets 2020: $9,758,0112020Assets 2021: $120,100,530Liabilities 2021: $110,177,779Net Assets 2021: $9,922,7512021Assets 2022: $122,210,783Liabilities 2022: $113,503,772Net Assets 2022: $8,707,0112022Assets 2023: $113,215,440Liabilities 2023: $102,983,888Net Assets 2023: $10,231,5522023Assets 2024: $119,406,044Liabilities 2024: $107,934,772Net Assets 2024: $11,471,2722024

Highlighted filing

2019

Assets$88,320,019
Liabilities$78,718,938
Net Assets$9,601,081

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $3,314,5652010Expenses 2011: $2,969,1902011Expenses 2012: $2,665,6982012Revenue 2013: $3,065,564Expenses 2013: $2,767,426Net Income 2013: $298,1382013Revenue 2014: $3,231,443Expenses 2014: $2,708,319Net Income 2014: $523,1242014Revenue 2015: $3,286,674Expenses 2015: $2,920,162Net Income 2015: $366,5122015Revenue 2016: $3,262,194Expenses 2016: $2,920,460Net Income 2016: $341,7342016Revenue 2017: $3,405,966Expenses 2017: $3,104,859Net Income 2017: $301,1072017Revenue 2018: $3,788,033Expenses 2018: $3,339,054Net Income 2018: $448,9792018Revenue 2019: $4,061,127Expenses 2019: $3,561,532Net Income 2019: $499,5952019Revenue 2020: $3,623,373Expenses 2020: $3,485,644Net Income 2020: $137,7292020Revenue 2021: $3,448,889Expenses 2021: $3,217,851Net Income 2021: $231,0382021Revenue 2022: $3,889,765Expenses 2022: $3,503,175Net Income 2022: $386,5902022Revenue 2023: $5,024,702Expenses 2023: $4,146,241Net Income 2023: $878,4612023Revenue 2024: $6,417,035Expenses 2024: $5,475,928Net Income 2024: $941,1072024

Highlighted filing

2019

Revenue$4,061,127
Expenses$3,561,532
Net Income$499,595
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.0
Gross Receipts
$4,061,127
Mission and Program Overview

Mission

Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive rates on loans & investments and other products and services.

CREDIT UNION PROGRAMS

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$38,916,722$41,382,359▲ $2,465,637
Other Notes and Loans Receivable, Net$38,273,068$38,506,555▲ $233,487
Rtn Earn Endowment Incm Other Fnds$9,094,652$9,601,081▲ $506,429
Land, Buildings, and Equipment, Net$2,349,002$2,365,884▲ $16,882
Investments in Publicly Traded Securities$1,600,562$1,272,786▼ $327,776
Investments Program Related$1,195,248$1,189,532▼ $5,716
Cash and Non-Interest-Bearing Accounts$1,099,992$1,027,270▼ $72,722
Prepaid Expenses and Deferred Charges$178,648$145,719▼ $32,929
Accounts Receivable$127,903$136,316▲ $8,413
Total Assets$85,972,103$88,320,019▲ $2,347,916
Other Assets Total$2,230,958$2,293,598▲ $62,640
Liabilities
Other Liabilities$76,200,442$78,016,913▲ $1,816,471
Accounts Payable and Accrued Expenses$677,009$702,025▲ $25,016
Total Liabilities$76,877,451$78,718,938▲ $1,841,487
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,094,652$9,601,081▲ $506,429
Total Liabilities and Net Assets / Fund Balance$85,972,103$88,320,019▲ $2,347,916

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$721,896--
Buildings$1,334,218$1,133,321-
Other Land Buildings$281,844--
Land$706,386--
Equipment$43,436$439,233-
Leasehold Improvements-$78,023-
Other Assets Org$2,293,598--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patrick MasonCEOFT$216,778$216,778

Board Members and Trustees

NameTitle
Christine BlanthornDirector
Kathleen ZuendelDirector
Kee EngDirector
Kwei BattlesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,010,235
Investment Income
$1,050,892
Other Revenue
$0
Change in Net Assets
$499,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,158,587
Salaries, Compensation, and Employee Benefits$1,402,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$916,340
Office Expenses---$769,549
Interest---$280,332
Fees for Services Accounting---$270,695
Other Expenses---$251,119
Current Officers, Directors, Trustees, and Key Employees---$216,778
Occupancy---$152,231
Other Employee Benefits---$135,336
Advertising---$121,290
Depreciation Depletion---$96,870
Payroll Taxes---$83,113
All Other Expenses---$54,108
Pension Plan Contributions---$51,378
Insurance---$50,600
Fees for Services Other---$38,496
Travel---$13,330
Fees for Services Legal---$11,520
Conferences and Meetings---$4,883
Total Functional Expenses$0$0$0$3,561,532
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
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$78,016,913
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Part VI Line 6

Credit union is comprised of members

Part VI Line 7A

Each member gets one vote in election of each board position

Part VI Line 11B

Ceo reviews 990 & makes copies avialable to board

Part VI Line 12C

Directors with possible conflicts are excused from discussions & voting

Part VI Line 12C

Employees cannot process transactions on their own behalf or family

Part VI Line 15A or B

Industry salary surveys are used as a guide by the board to set salaries

Part VI Line 19

Financial statements are posted in the lobby

Part VI Line 19

Other items that are required to be disclosed are available upon request

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Unions in Florida
EIN
59-0904715
In Care Of
% PATRICK MASON
Phone
9549674441
Address
4205 HOLLYWOOD BLVD, HOLLYWOOD, FL 33021
Doing Business As
Sun Credit Union

Signing Officer

Name
Patrick Mason
Title
CEO
Phone
9549674441
Signed
2020-05-08

Organization Details

Principal Officer
Patrick Mason
Formed
1946
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
25
Volunteers
8
Raw XML Appendix380 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.

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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02365884
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02293598
IRS990ScheduleD/TotalBookValueProgramRltdAmt01189532
IRS990ScheduleD/TotalLiabilityAmt078016913
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0216778
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK MASON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CHRISTINE BLANTHORN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KATHLEEN ZUENDEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3KEE ENG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4KWEI BATTLES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0216778
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREDIT UNION IS COMPRISED OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER GETS ONE VOTE IN ELECTION OF EACH BOARD POSITION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO REVIEWS 990 & MAKES COPIES AVIALABLE TO BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS WITH POSSIBLE CONFLICTS ARE EXCUSED FROM DISCUSSIONS & VOTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EMPLOYEES CANNOT PROCESS TRANSACTIONS ON THEIR OWN BEHALF OR FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INDUSTRY SALARY SURVEYS ARE USED AS A GUIDE BY THE BOARD TO SET SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER ITEMS THAT ARE REQUIRED TO BE DISCLOSED ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt085972103
IRS990/TotalAssetsEOYAmt088320019
IRS990/TotalAssetsGrp/BOYAmt085972103
IRS990/TotalAssetsGrp/EOYAmt088320019
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03561532
IRS990/TotalGrossUBIAmt014620
IRS990/TotalLiabilitiesBOYAmt076877451
IRS990/TotalLiabilitiesEOYAmt078718938
IRS990/TotalLiabilitiesGrp/BOYAmt076877451
IRS990/TotalLiabilitiesGrp/EOYAmt078718938
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09094652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09601081
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0134649
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0134649
IRS990/TotalProgramServiceExpensesAmt03561532
IRS990/TotalProgramServiceRevenueAmt03010235
IRS990/TotalReportableCompFromOrgAmt0216778
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04046507
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04061127
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt014620
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt085972103
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088320019
IRS990/TravelGrp/TotalAmt013330
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04205 HOLLYWOOD BLVD
IRS990/USAddress/CityNm0HOLLYWOOD
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033021
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SUNCU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK MASON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09549674441
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STATE CHARTERED CREDIT UNIONS IN FLORIDA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SUN CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0STAT
ReturnHeader/Filer/EIN0590904715
ReturnHeader/Filer/InCareOfNm0% PATRICK MASON
ReturnHeader/Filer/PhoneNum09549674441
ReturnHeader/Filer/USAddress/AddressLine1Txt04205 HOLLYWOOD BLVD
ReturnHeader/Filer/USAddress/CityNm0HOLLYWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033021
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08A121290FF50DD4DBDB2F5CCAC5740E4DAE8BC89
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08A121290FF50DD4DBDB2F5CCAC5740E4DAE8BC89
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId021010520201290386545
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-05-08
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0O
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.115.41.3
ReturnHeader/ReturnTs02020-05-08T10:07:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$119$108$11.5$6.42$5.48$0.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$103$10.2$5.02$4.15$0.88
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$114$8.71$3.89$3.50$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$110$9.92$3.45$3.22$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$97.2$9.76$3.62$3.49$0.14
2019Detailed filing. Detailed filing data is available for this year.$88.3$78.7$9.60$4.06$3.56$0.50
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.0$76.9$9.09$3.79$3.34$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.3$75.6$8.65$3.41$3.10$0.30
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$71.3$8.35$3.26$2.92$0.34
2015Detailed filing. Detailed filing data is available for this year.$73.3$65.3$8.01$3.29$2.92$0.37
2014Detailed filing. Detailed filing data is available for this year.$69.4$61.7$7.65$3.23$2.71$0.52
2013Detailed filing. Detailed filing data is available for this year.$65.8$58.7$7.10$3.07$2.77$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.8$53.0$6.84$2.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.4$49.0$6.35$2.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.8$44.7$6.11$3.31