Civic Intelligence

Panhandle Credit Union

EIN 85-3981152 • 501(c)14 • Panama City, FL

Profile

The credit union's mission is to promote thrift among its members and create a source of credit for them at legitimate rates of interest. The credit union serves members in the greater bay, calhoun, gulf, holmes, jackson, walton and washington counties in florida. The total number of members is in excess of 15,600.

2718 Martin Luther King Jr BlvdPanama City, FL 32405-4408

panhandlecu.org

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.87x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

14.34x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

69th percentile

15%

Higher net margin than 69% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

66th percentile

4.9%

Faster asset growth than 66% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Revenue Growth

87th percentile

27%

Faster revenue growth than 87% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$327,956,181

Up $20,615,519 (+6.7%) from 2023

Liabilities

Up

$286,863,006

Up $17,324,134 (+6.4%) from 2023

Net Assets

Up

$41,093,175

Up $3,291,385 (+8.7%) from 2023

Operations
Liabilities / Revenue37th percentileNet Margin69th percentile

Revenue

Up

$19,997,576

Up $2,881,025 (+17%) from 2023

Expenses

Up

$17,087,124

Up $3,432,133 (+25%) from 2023

Net Income

Down

$2,910,452

Down $551,108 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

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

$400M$300M$200M$100M$0Assets 2020: $263,722,313Liabilities 2020: $231,275,621Net Assets 2020: $32,446,6922020Assets 2021: $295,525,875Liabilities 2021: $261,048,664Net Assets 2021: $34,477,2112021Assets 2022: $298,300,656Liabilities 2022: $263,640,191Net Assets 2022: $34,660,4652022Assets 2023: $307,340,662Liabilities 2023: $269,538,872Net Assets 2023: $37,801,7902023Assets 2024: $327,956,181Liabilities 2024: $286,863,006Net Assets 2024: $41,093,1752024

Highlighted filing

2024

Assets$327,956,181
Liabilities$286,863,006
Net Assets$41,093,175
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

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

$20M$15M$10M$5.0M$0Revenue 2020: $1,750,718Expenses 2020: $1,535,056Net Income 2020: $215,6622020Revenue 2021: $10,829,563Expenses 2021: $8,458,084Net Income 2021: $2,371,4792021Revenue 2022: $12,428,355Expenses 2022: $9,436,095Net Income 2022: $2,992,2602022Revenue 2023: $17,116,551Expenses 2023: $13,654,991Net Income 2023: $3,461,5602023Revenue 2024: $19,997,576Expenses 2024: $17,087,124Net Income 2024: $2,910,4522024

Highlighted filing

2024

Revenue$19,997,576
Expenses$17,087,124
Net Income$2,910,452
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$327,956,181
Liabilities
$286,863,006
Net assets
$41,093,175
Revenue
$19,997,576
Expenses
$17,087,124
Net income
$2,910,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$328$287$41.1$20.0$17.1$2.91
2023Detailed filing. Detailed filing data is available for this year.$307$270$37.8$17.1$13.7$3.46
2022Detailed filing. Detailed filing data is available for this year.$298$264$34.7$12.4$9.44$2.99
2021Detailed filing. Detailed filing data is available for this year.$296$261$34.5$10.8$8.46$2.37
2020Detailed filing. Detailed filing data is available for this year.$264$231$32.4$1.75$1.54$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$20,659,580
Mission and Program Overview

Mission

The credit union's mission is to promote thrift among its members and create a source of credit for them at legitimate rates of interest. The credit union serves members in the greater bay, calhoun, gulf, holmes, jackson, walton and washington counties in florida. The total number of members is in excess of 13,800.

Formed to permit our membership to pool their savings, lend to one another, and own the organization where they can save, borrow, and obtain related financial services & products. We exist to serve our member-owners with favorable rates on savings, investments and competitively priced, low interest rates on loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$183,641,270$192,276,288▲ $8,635,018
Savings and Temporary Cash Investments$39,632,640$57,674,695▲ $18,042,055
Investments Other Securities$56,284,351$50,707,515▼ $5,576,836
Rtn Earn Endowment Incm Other Fnds$37,801,790$41,093,175▲ $3,291,385
Land, Buildings, and Equipment, Net$12,045,469$11,589,467▼ $456,002
Receivables From Officers Etc$6,793,458$6,963,294▲ $169,836
Cash and Non-Interest-Bearing Accounts$3,683,176$4,110,326▲ $427,150
Prepaid Expenses and Deferred Charges$1,086,835$1,011,054▼ $75,781
Accounts Receivable$923,368$202,189▼ $721,179
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$307,340,662$327,956,181▲ $20,615,519
Other Assets Total$3,250,095$3,421,353▲ $171,258
Liabilities
Other Liabilities$266,627,112$283,803,772▲ $17,176,660
Accounts Payable and Accrued Expenses$2,911,760$3,059,234▲ $147,474
Total Liabilities$269,538,872$286,863,006▲ $17,324,134
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,801,790$41,093,175▲ $3,291,385
Total Liabilities and Net Assets / Fund Balance$307,340,662$327,956,181▲ $20,615,519

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,132,662$3,059,814$10,192,476
Other Land Buildings$1,339,822$1,863,516$3,203,338
Land$3,116,983-$3,116,983
Other Securities$215,300--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leonard Justin HallPresident/CEOFT$225,077$177,994$403,071
Sarah E AllisonCFOFT$160,627$47,742$208,369
John D WhitlockCLOFT$165,392$34,332$199,724
Anita M MayerChief of Risk & ComplianceFT$125,271$35,754$161,025
Amanda PittsChief Operations OfficerFT$118,550$33,504$152,054
Cynthia ReimersDirector of Business LendiFT$111,903$14,127$126,030
Maura HoodVP of Retail LendingFT$109,609$14,334$123,943
Keith HerrickVP of Digital ServicesFT$105,109$13,056$118,165
Cindy WoodHuman Resources ManagerFT$102,738$13,708$116,446

Board Members and Trustees

NameTitle
Herman G DanielsChairman
Wl AndersonVice Chairman
Christopher BrooksBoard Member
Fred W DeneckeBoard Member
William KinsaulBoard Member
William V HusfeltBoard Member
Sandra D DavisSecretary
John D MercerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,256,721
Investment Income
$3,664,580
Other Revenue
$4,076,275
Change in Net Assets
$2,910,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,894,261
Salaries, Compensation, and Employee Benefits$6,174,380
Grants and Similar Amounts Paid$18,483
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$3,935,409
Other Salaries and Wages---$3,075,430
Current Officers, Directors, Trustees, and Key Employees---$1,608,828
Information Technology---$1,546,620
Other Employee Benefits---$922,500
Occupancy---$605,775
Other Expenses---$589,733
All Other Expenses---$575,350
Depreciation Depletion---$432,530
Payroll Taxes---$367,231
Advertising---$325,965
Office Expenses---$214,778
Pension Plan Contributions---$200,391
Insurance---$130,268
Fees for Services Legal---$110,540
Fees for Services Other---$93,406
Fees for Services Accounting---$75,963
Travel---$45,334
Grants to Domestic Individuals---$9,500
Grants to Domestic Orgs---$8,983
Total Functional Expenses$0$0$0$17,087,124
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Northwest Florida IncPanama City, FL501(c)(3)United Way Funding$5,162
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,793,458$6,963,294▲ $169,836
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$283,803,772
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 governing board of panhandle credit union is owned and controlled by its members and operated for the purpose of promoting thrift and savings to its members. Panhandle credit union does not have stockholders.”

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

“The board of directors consists of 8 members, all of whom must be members of this credit union. Regular terms of office for directors shall be for 3 years. All eligible persons are nominated by either the nominating committee or by petition placed before the members. When nominations are closed, the chair appoints the "tellers", ballots are distributed, the vote is taken and tallied, and the results are announced.”

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

“A membership vote is required for a charter change from state to federal or federal to state.”

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

“The form 990 is reviewed by the senior vp of finance prior to filing.”

Form 990, Part VI, Section B, Line 15

“President's annual review is performed by the board of directors. The president performs the annual review of other officers and key employees. All employees are subject to job grades and salaries, obtained and recorded through a third party (balanced comp).”

Form 990, Part VI, Section C, Line 19

“Financial statements are available in each branch's lobby monthly and via ncua call reports quarterly. Annual reports are available upon request.”

Filing and Contact Details

Filer

Filer Name
Panhandle Credit Union
EIN
85-3981152
Phone
8507693306
Address
2718 MARTIN LUTHER KING JR BLVD, PANAMA CITY, FL 32405-4408

Signing Officer

Name
Justin Hall
Title
President/CEO
Phone
8507693306
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Hall
Formed
1957
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
89
Volunteers
13

Preparer

Firm
Warren Averett LLC
Address
350 W CEDAR STREET SUITE 400, PENSACOLA, FL 32502
Preparer
Claire C Duren CPA
Phone
8504357400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Financial Statements and Reporting, Line 2(B)

“The credit union receives an annual financial statement audit from independent accountants. However, the audit period is from october 1 to september 30. The audit for the year-ending september 30, 2025 is still in progress.”

Financial Statement Notes

PART X, LINE 2:

“Provisions of financial accounting standards board (fasb) asc 740, income taxes, require valuation of uncertainty in income taxes for potential financial statement disclosure. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. Such tax positions initally and subsequently need to be measured as the largest amount of tax benefit that had a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. As of september 30, 2024, the credit union had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the credit union had no interest and penalties related to income taxes. With few exceptions, the credit union is no longer subject to u.s. Federal, state and local income tax examinations by tax authorities for years before 2021.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF OF RISK & COMPLIANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF BUSINESS LENDI
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF RETAIL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF DIGITAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt16HUMAN RESOURCES MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0248158
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt09500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08983
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0910162
IRS990/GrossReceiptsAmt020659580
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01546620
IRS990/InsuranceGrp/TotalAmt0130268
IRS990/InterestGrp/TotalAmt03935409
IRS990/InvestmentIncomeGrp/ExclusionAmt03416422
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03416422
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt056284351
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt050707515
IRS990/IRPDocumentCnt03765
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04923330
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012045469
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011589467
IRS990/LandBldgEquipCostOrOtherBssAmt016512797
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0662004
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN THE GREATER BAY, CALHOUN, GULF, HOLMES, JACKSON, WALTON AND WASHINGTON COUNTIES IN FLORIDA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 15,800.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt037801790
IRS990/NetAssetsOrFundBalancesEOYAmt041093175
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0248158
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0248158
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0380933
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0605775
IRS990/OfficeExpensesGrp/TotalAmt0214778
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03250095
IRS990/OtherAssetsTotalGrp/EOYAmt03421353
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0922500
IRS990/OtherExpensesGrp/Desc0ATM AND DEBIT CARD EXPE
IRS990/OtherExpensesGrp/Desc1CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc2CREDIT LOSSES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0844380
IRS990/OtherExpensesGrp/TotalAmt1734519
IRS990/OtherExpensesGrp/TotalAmt2633691
IRS990/OtherExpensesGrp/TotalAmt3589733
IRS990/OtherLiabilitiesGrp/BOYAmt0266627112
IRS990/OtherLiabilitiesGrp/EOYAmt0283803772
IRS990/OtherOrganizationDsc0STATE CHARTERED CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES AND SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING INC/EXP
IRS990/OtherRevenueMiscGrp/Desc2FOREIGN ATM FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04023517
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt136875
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04023517
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt136875
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt215883
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt015883
IRS990/OtherRevenueTotalAmt04076275
IRS990/OtherSalariesAndWagesGrp/TotalAmt03075430
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0183641270
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0192276288
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0367231
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0200391
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01086835
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01011054
IRS990/PrincipalOfficerNm0JUSTIN HALL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012256721
IRS990/ProgSrvcAccomActy2Grp/Desc0TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt016799
IRS990/PYInvestmentIncomeAmt03045083
IRS990/PYOtherExpensesAmt08335256
IRS990/PYOtherRevenueAmt04129459
IRS990/PYProgramServiceRevenueAmt09942009
IRS990/PYRevenuesLessExpensesAmt03461560
IRS990/PYSalariesCompEmpBnftPaidAmt05302936
IRS990/PYTotalExpensesAmt013654991
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017116551
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt06793458
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt06963294
IRS990/ReconcilationRevenueExpnssAmt02910452
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt037801790
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt041093175
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039632640
IRS990/SavingsAndTempCashInvstGrp/EOYAmt057674695
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07132662
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03059814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010192476
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03116983
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03116983
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01339822
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01863516
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03203338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0283803772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt031040082
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1380558
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt218932000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3139575
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4215300
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERAL AGENCY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORP CU CAPITAL SHARES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3INVESTMENT IN CUSO'S
IRS990ScheduleD/OtherSecuritiesGrp/Desc4FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES, REQUIRE VALUATION OF UNCERTAINTY IN INCOME TAXES FOR POTENTIAL FINANCIAL STATEMENT DISCLOSURE. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. SUCH TAX POSITIONS INITALLY AND SUBSEQUENTLY NEED TO BE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAD A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE TAX AUTHORITY ASSUMING FULL KNOWLEDGE OF THE POSITION AND RELEVANT FACTS. AS OF SEPTEMBER 30, 2024, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE CREDIT UNION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011589467
IRS990ScheduleD/TotalBookValueSecuritiesAmt050707515
IRS990ScheduleD/TotalLiabilityAmt0283803772
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/RecipientTable/CashGrantAmt05162
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0UNITED WAY FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNITED WAY OF NORTHWEST FLORIDA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0590863698
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 586
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PANAMA CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd032402
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE DETERMINED AND GRANTED ANNUALLY BY BOARD OF DIRECTORS. TOTAL FUNDS ARE DISCLOSED TO LOCAL SCHOOLS, WHO DETERMINE RECIPIENTS. FUNDS ARE SET ASIDE AND PAID DIRECTLY TO SCHOOLS WHEN TUITION INVOICES ARE RECEIVED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X

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