Civic Intelligence

Florida Rural Electric Credit Union

EIN 59-1640679 • 501(c)14 • Tallahassee, FL

View Organization Page

Profile

Credit union - to provide services for approximately 2,949 members in the form of loans, savings, and other financial services.

2916 Apalachee PkwyTallahassee, FL 32303-0373

www.frecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2024

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

$500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$500k-$1M nonprofits • Source year 2024

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-44%

Faster revenue growth than 8% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $27,777,483 (-100%) from 2023

Liabilities

Down

$0

Down $21,877,350 (-100%) from 2023

Net Assets

Down

$0

Down $5,900,133 (-100%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin62nd percentile

Revenue

Down

$881,231

Down $698,155 (-44%) from 2023

Expenses

Down

$778,193

Down $618,934 (-44%) from 2023

Net Income

Down

$103,038

Down $79,221 (-43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $19,874,989Liabilities 2010: $15,976,513Net Assets 2010: $3,898,4762010Assets 2011: $20,060,346Liabilities 2011: $15,975,587Net Assets 2011: $4,084,7592011Assets 2012: $20,778,673Liabilities 2012: $16,536,275Net Assets 2012: $4,242,3982012Assets 2013: $20,282,955Liabilities 2013: $15,982,812Net Assets 2013: $4,300,1432013Assets 2014: $19,775,140Liabilities 2014: $15,415,895Net Assets 2014: $4,359,2452014Assets 2015: $19,902,278Liabilities 2015: $15,471,241Net Assets 2015: $4,431,0372015Assets 2016: $28,880,985Liabilities 2016: $22,959,850Net Assets 2016: $5,921,1352016Assets 2017: $29,174,513Liabilities 2017: $23,281,719Net Assets 2017: $5,892,7942017Assets 2018: $29,036,417Liabilities 2018: $23,157,393Net Assets 2018: $5,879,0242018Assets 2019: $28,089,457Liabilities 2019: $22,139,433Net Assets 2019: $5,950,0242019Assets 2020: $32,762,173Liabilities 2020: $26,757,373Net Assets 2020: $6,004,8002020Assets 2021: $29,767,902Liabilities 2021: $23,821,636Net Assets 2021: $5,946,2662021Assets 2022: $28,070,978Liabilities 2022: $22,403,870Net Assets 2022: $5,667,1082022Assets 2023: $27,777,483Liabilities 2023: $21,877,350Net Assets 2023: $5,900,1332023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,155,1222010Revenue 2011: $1,140,057Expenses 2011: $953,774Net Income 2011: $186,2832011Expenses 2012: $827,4742012Revenue 2013: $919,976Expenses 2013: $862,229Net Income 2013: $57,7472013Revenue 2014: $922,448Expenses 2014: $843,232Net Income 2014: $79,2162014Revenue 2015: $932,492Expenses 2015: $871,082Net Income 2015: $61,4102015Revenue 2016: $1,050,578Expenses 2016: $1,065,981Net Income 2016: -$15,4032016Revenue 2017: $1,120,047Expenses 2017: $1,117,238Net Income 2017: $2,8092017Revenue 2018: $1,289,027Expenses 2018: $1,253,607Net Income 2018: $35,4202018Revenue 2019: $1,365,023Expenses 2019: $1,417,120Net Income 2019: -$52,0972019Revenue 2020: $1,260,480Expenses 2020: $1,227,730Net Income 2020: $32,7502020Revenue 2021: $1,187,358Expenses 2021: $1,155,867Net Income 2021: $31,4912021Revenue 2022: $1,278,439Expenses 2022: $1,227,534Net Income 2022: $50,9052022Revenue 2023: $1,579,386Expenses 2023: $1,397,127Net Income 2023: $182,2592023Revenue 2024: $881,231Expenses 2024: $778,193Net Income 2024: $103,0382024

Highlighted filing

2024

Revenue$881,231
Expenses$778,193
Net Income$103,038
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$881,231
Expenses
$778,193
Net income
$103,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.88$0.78$0.10
2023Detailed filing. Detailed filing data is available for this year.$27.8$21.9$5.90$1.58$1.40$0.18
2022Detailed filing. Detailed filing data is available for this year.$28.1$22.4$5.67$1.28$1.23$0.05
2021Detailed filing. Detailed filing data is available for this year.$29.8$23.8$5.95$1.19$1.16$0.03
2020Detailed filing. Detailed filing data is available for this year.$32.8$26.8$6.00$1.26$1.23$0.03
2019Detailed filing. Detailed filing data is available for this year.$28.1$22.1$5.95$1.37$1.42$0.05
2018Detailed filing. Detailed filing data is available for this year.$29.0$23.2$5.88$1.29$1.25$0.04
2017Detailed filing. Detailed filing data is available for this year.$29.2$23.3$5.89$1.12$1.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$28.9$23.0$5.92$1.05$1.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$19.9$15.5$4.43$0.93$0.87$0.06
2014Detailed filing. Detailed filing data is available for this year.$19.8$15.4$4.36$0.92$0.84$0.08
2013Detailed filing. Detailed filing data is available for this year.$20.3$16.0$4.30$0.92$0.86$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$16.5$4.24$0.83
2011Summary only. Only limited summary data is available for this year.$20.1$16.0$4.08$1.14$0.95$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$16.0$3.90$1.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$881,231
Mission and Program Overview

Mission

Credit union - to provide services for approximately 3,702 members in the form of loans, savings, and other financial services.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$21,524,683--
Rtn Earn Endowment Incm Other Fnds$5,900,133--
Savings and Temporary Cash Investments$3,492,000--
Investments Other Securities$2,191,384--
Cash and Non-Interest-Bearing Accounts$240,136--
Land, Buildings, and Equipment, Net$41,287--
Prepaid Expenses and Deferred Charges$12,806--
Total Assets$27,777,483$0▼ $27,777,483
Other Assets Total$275,187--
Liabilities
Other Liabilities$21,796,948--
Accounts Payable and Accrued Expenses$80,402--
Total Liabilities$21,877,350$0▼ $21,877,350
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,900,133$0▼ $5,900,133
Total Liabilities and Net Assets / Fund Balance$27,777,483$0▼ $27,777,483
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
John BartleyBod Chairman
Justin BarnesSc Chair
Alan F HengesbachBoard Member
Cheryl RogersBoard Member
Christine MoorBoard Member
Denny GeorgeBoard Member
Jackie PooserBoard Member
Jeff BankaBoard Member
Jo Ann FullerBoard Member
Julius HackettBoard Member
Randall W ShawBoard Member
Ryan CampbellBoard Member
Stephen RhodesBoard Member
Jeff BrewingtonBod Sec/trea
Scott NewberryBod Vice CHA
Thomas FlowersCEO
Sonya DooleySc Mem
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$667,990
Investment Income
$137,728
Other Revenue
$75,513
Change in Net Assets
$103,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$881,231
Total Revenue per Audited Statements
$881,231
Total Revenue per Form 990
$881,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$618,197
Salaries, Compensation, and Employee Benefits$159,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$149,323-$149,323
Other Salaries and Wages-$115,745-$115,745
Office Expenses-$50,221-$50,221
Occupancy-$19,303-$19,303
Other Employee Benefits-$18,850-$18,850
Other Expenses-$17,555-$17,555
All Other Expenses-$15,272-$15,272
Payroll Taxes-$12,784-$12,784
Pension Plan Contributions-$12,617-$12,617
Conferences and Meetings-$7,500-$7,500
Total Functional Expenses$0$778,193$0$778,193

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$778,193
Total Expenses per Audited Statements$778,193
Total Expenses per Form 990$778,193
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
Subject to proxy tax
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 4

“Florida rural electric credit union merged with calhoun liberty credit union as of june 30, 2024. Surviving entity is calhoun liberty.”

Form 990, Page 6, Part VI, Line 6

“The credit union is owned by the members.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

Form 990, Page 6, Part VI, Line 7B

“Some decisions made by the board of directors are affirmed by the members.”

Form 990, Page 6, Part VI, Line 11B

“The manager reviews the form 990. The form 990 is available for review by the board of directors upon request.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors monitor and enforce the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“The credit union uses the most recent salary survey for the ceo compensation.”

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

Filer Name
Florida Rural Electric Credit Union
EIN
59-1640679
Phone
8508776168
Address
2916 APALACHEE PKWY, TALLAHASSEE, FL 32303-0373

Signing Officer

Name
Thomas Flowers
Title
CEO
Phone
8334552052
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Flowers
Formed
1975
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
16

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Amanda Onkst
Phone
2054372176
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors and supervisory committee without compensation.”

Form 990, Page 2, Part III, Line 3

“Florida rural electric credit union merged into calhoun liberty credit union effective june 30, 2024. Calhoun liberty is the remaining entity, effective july 1, 2024 the charter and franchise of florida rural electric credit union terminated and surrendered.”

Form 990, Part XI, Line 9

“Due to rounding 0 other changes 0 disposition - merged into calhoun liberty -6,003,171 total -6,003,171”

Raw XML AppendixShowing 400 of 462 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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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0881231
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0149323
IRS990/InterestGrp/TotalAmt0149323
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0137728
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0137728
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02191384
IRS990/IRPDocumentCnt0498
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt041287
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 2,968 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05900133
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt019303
IRS990/OccupancyGrp/TotalAmt019303
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt050221
IRS990/OfficeExpensesGrp/TotalAmt050221
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0275187
IRS990/OtherChangesInNetAssetsAmt0-6003171
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018850
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018850
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL & PROMO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0252573
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt175652
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt230798
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt317555
IRS990/OtherExpensesGrp/TotalAmt0252573
IRS990/OtherExpensesGrp/TotalAmt175652
IRS990/OtherExpensesGrp/TotalAmt230798
IRS990/OtherExpensesGrp/TotalAmt317555
IRS990/OtherLiabilitiesGrp/BOYAmt021796948
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1UBIT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt041463
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt134050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt041463
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt134050
IRS990/OtherRevenueTotalAmt075513
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0115745
IRS990/OtherSalariesAndWagesGrp/TotalAmt0115745
IRS990/PartialLiquidationInd0true
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012784
IRS990/PayrollTaxesGrp/TotalAmt012784
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012617
IRS990/PensionPlanContributionsGrp/TotalAmt012617
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012806
IRS990/PrincipalOfficerNm0THOMAS FLOWERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0645978
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122012
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0645978
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122012
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0149323
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0194864
IRS990/PYOtherExpensesAmt0917113
IRS990/PYOtherRevenueAmt095383
IRS990/PYProgramServiceRevenueAmt01289139
IRS990/PYRevenuesLessExpensesAmt0182259
IRS990/PYSalariesCompEmpBnftPaidAmt0480014
IRS990/PYTotalExpensesAmt01397127
IRS990/PYTotalRevenueAmt01579386
IRS990/ReconcilationRevenueExpnssAmt0103038
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05900133
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03492000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0778193
IRS990ScheduleD/RevenueSubtotalAmt0881231
IRS990ScheduleD/TotalExpensesPerForm990Amt0778193
IRS990ScheduleD/TotalRevenuePerForm990Amt0881231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0881231
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0778193
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1INVESTMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2NET LOANS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3NET FIXED ASSETS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4ALL OTHER ASSETS
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12024-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22024-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt32024-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt42024-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0590991497
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1590991497
IRS990ScheduleN/DispositionOfAssetsDetail/EIN2590991497
IRS990ScheduleN/DispositionOfAssetsDetail/EIN3590991497
IRS990ScheduleN/DispositionOfAssetsDetail/EIN4590991497
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt04811020
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt12145902
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt220796306
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt330501
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt4289871
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501C14
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1501C14
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt2501C14
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt3501C14
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt4501C14
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0CALHOUN LIBERTY CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm1CALHOUN LIBERTY CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm2CALHOUN LIBERTY CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm3CALHOUN LIBERTY CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm4CALHOUN LIBERTY CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt016076 STATE ROAD 71 S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt116076 STATE ROAD 71 S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt216076 STATE ROAD 71 S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt316076 STATE ROAD 71 S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt416076 STATE ROAD 71 S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0BLOUNTSTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1BLOUNTSTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2BLOUNTSTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm3BLOUNTSTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm4BLOUNTSTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd2FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd3FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd4FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd032424
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd132424
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd232424
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd332424
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd432424
IRS990ScheduleN/EmployeeOfSuccessor2Ind0true
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0FLORIDA RURAL ELECTRIC CREDIT UNION MERGED INTO CALHOUN LIBERTY CREDIT UNION EFFECTIVE JUNE 30, 2024. CALHOUN LIBERTY IS THE REMAINING ENTITY, EFFECTIVE JULY 1, 2024 THE CHARTER AND FRANCHISE OF FLORIDA RURAL ELECTRIC CREDIT UNION TERMINATED AND SURRENDERED.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FLORIDA RURAL ELECTRIC CREDIT UNION MERGED INTO CALHOUN LIBERTY CREDIT UNION EFFECTIVE JUNE 30, 2024. CALHOUN LIBERTY IS THE REMAINING ENTITY, EFFECTIVE JULY 1, 2024 THE CHARTER AND FRANCHISE OF FLORIDA RURAL ELECTRIC CREDIT UNION TERMINATED AND SURRENDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FLORIDA RURAL ELECTRIC CREDIT UNION MERGED WITH CALHOUN LIBERTY CREDIT UNION AS OF JUNE 30, 2024. SURVIVING ENTITY IS CALHOUN LIBERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MANAGER REVIEWS THE FORM 990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CREDIT UNION USES THE MOST RECENT SALARY SURVEY FOR THE CEO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DUE TO ROUNDING 0 OTHER CHANGES 0 DISPOSITION - MERGED INTO CALHOUN LIBERTY -6,003,171 TOTAL -6,003,171
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027777483
IRS990/TotalAssetsEOYAmt00

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