Civic Intelligence

Panhandle Credit Union

990 • Fiscal year 2020 • EIN 85-3981152

Nov 01, 2020 to Dec 31, 2020 • Filed on Sep 22, 2022

Organization ProfilePANHANDLECU.ORG
2718 Martin Luther King Jr BlvdPanama City, FL 32405-4408

(850) 769-3306

Siviq Scores

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

Liabilities / Assets

26th percentile

0.88x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

132.10x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Net Margin

54th percentile

12%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

21st percentile

$297,902

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets26th percentile

Assets

$263,722,313

No earlier filing loaded for comparison.

Net Assets

$32,446,692

No earlier filing loaded for comparison.

Liabilities

$231,275,621

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin54th percentile

Revenue

$1,750,718

No earlier filing loaded for comparison.

Expenses

$1,535,056

No earlier filing loaded for comparison.

Net Income

$215,662

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2020

Assets$263,722,313
Liabilities$231,275,621
Net Assets$32,446,692
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,750,718
Expenses$1,535,056
Net Income$215,662
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Dec 31, 2020
Signed
Sep 22, 2022
Return Version
2020v4.2
Gross Receipts
$1,761,594
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-$122,519,004-
Savings and Temporary Cash Investments-$75,670,416-
Investments Other Securities-$48,719,686-
Rtn Earn Endowment Incm Other Fnds$0$32,446,692▲ $32,446,692
Land, Buildings, and Equipment, Net$0$9,267,291▲ $9,267,291
Cash and Non-Interest-Bearing Accounts-$4,632,560-
Prepaid Expenses and Deferred Charges-$175,213-
Accounts Receivable-$20-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$263,722,313▲ $263,722,313
Other Assets Total$0$2,738,123▲ $2,738,123
Liabilities
Other Liabilities$0$228,453,199▲ $228,453,199
Accounts Payable and Accrued Expenses-$2,822,422-
Total Liabilities$0$231,275,621▲ $231,275,621
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$32,446,692▲ $32,446,692
Total Liabilities and Net Assets / Fund Balance$0$263,722,313▲ $263,722,313

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,932,757$2,219,493$8,152,250
Other Land Buildings$2,001,852$1,785,700$3,787,552
Land$1,332,682-$1,332,682
Other Securities$226,100--
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William Greg FrithFormer President/CEOFT$230,635$67,267$297,902
Leonard Justin HallPresident/CEOFT$120,049$34,014$154,063
Leslie BevisMortgage Loan OfficerFT$115,274$17,480$132,754
Karen BarssSenior VP of FinanceFT$104,533$14,907$119,440
Maura HoodVP of Retail LendingFT$70,735$12,089$82,824
Keith HerrickAvp of OperationsFT$59,330$10,897$70,227

Board Members and Trustees

NameTitle
Herman G DanielsChairman
Wl AndersonVice Chairman
Bill KinsaulDirector
Fred W DeneckeDirector
Grover L HollandDirector
William V HusfeltDirector
Sandra D DavisSecretary
John D MercerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,062,515
Investment Income
$121,887
Other Revenue
$566,316
Change in Net Assets
$215,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$951,999
Salaries, Compensation, and Employee Benefits$578,610
Grants and Similar Amounts Paid$4,447
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$272,932
Information Technology---$192,732
Other Salaries and Wages---$181,502
Occupancy---$164,050
Interest---$79,435
Fees for Services Other---$78,388
Depreciation Depletion---$63,861
Other Employee Benefits---$56,859
Payroll Taxes---$39,707
All Other Expenses---$39,548
Advertising---$31,517
Pension Plan Contributions---$27,610
Other Expenses---$17,674
Fees for Services Legal---$13,297
Fees for Services Accounting---$6,386
Grants to Domestic Orgs---$4,447
Total Functional Expenses$0$0$0$1,535,056
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

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,233
Total Exempt Function Spending$1,233

Section 527 Organizations

OrganizationLocationAmount
59-1889104Tallahassee, FL$1,233
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$228,453,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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 shall initailly consist of 8 members, not fewer than 5 nor more than 15. All eligible persons nominated by either the nominating committee or by petition must be placed before the members. When nominations are closed, the chair appoints the tellers, ballots ae distributed, the vote is taken and tallied by the tellers, and the results announced.”

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

“Members have to vote for a charter change: change from federal charter to state charter or state to federal.”

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

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

Form 990, Part VI, Section B, Line 15

“The annual review of the president's compensation is performed by the board of directors. The president performs the annual review of other officers and key employees.”

Form 990, Part VI, Section C, Line 19

“Finanial statements are posted in the lobby of each branch office. 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
2022-09-22
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
0
Volunteers
12

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 XI, LINE 9:

“Retained earnings under federal charter 32,010,724.”

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, 2021 is still in progress.”

Raw XML AppendixShowing 400 of 458 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02822422
IRS990/AccountsReceivableGrp/EOYAmt020
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FORMED 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.
IRS990/AdvertisingGrp/TotalAmt031517
IRS990/AllOtherExpensesGrp/TotalAmt039548
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN BARSS
IRS990/BooksInCareOfDetail/PhoneNum08508734931
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02718 MARTIN LUTHER KING JR BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0PANAMA CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0324054408
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt04632560
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0272932
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt04447
IRS990/CYInvestmentIncomeAmt0121887
IRS990/CYOtherExpensesAmt0951999
IRS990/CYOtherRevenueAmt0566316
IRS990/CYProgramServiceRevenueAmt01062515
IRS990/CYRevenuesLessExpensesAmt0215662
IRS990/CYSalariesCompEmpBnftPaidAmt0578610
IRS990/CYTotalExpensesAmt01535056
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01750718
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt063861
IRS990/Desc0IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt06386
IRS990/FeesForServicesLegalGrp/TotalAmt013297
IRS990/FeesForServicesOtherGrp/TotalAmt078388
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt814034
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt914907
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1012089
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1110897
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1217480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1341267
IRS990/Form990PartVIISectionAGrp/PersonNm0HERMAN G DANIELS
IRS990/Form990PartVIISectionAGrp/PersonNm1WL ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2SANDRA D DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN D MERCER
IRS990/Form990PartVIISectionAGrp/PersonNm4FRED W DENECKE
IRS990/Form990PartVIISectionAGrp/PersonNm5GROVER L HOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM V HUSFELT
IRS990/Form990PartVIISectionAGrp/PersonNm7BILL KINSAUL
IRS990/Form990PartVIISectionAGrp/PersonNm8LEONARD JUSTIN HALL
IRS990/Form990PartVIISectionAGrp/PersonNm9KAREN BARSS
IRS990/Form990PartVIISectionAGrp/PersonNm10MAURA HOOD
IRS990/Form990PartVIISectionAGrp/PersonNm11KEITH HERRICK
IRS990/Form990PartVIISectionAGrp/PersonNm12LESLIE BEVIS
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM GREG FRITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8140029
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9104533
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1070735
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1159330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12115274
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13256635
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF RETAIL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt11AVP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt12MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13FORMER PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-10876
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticOrgsGrp/TotalAmt04447
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01761594
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0192732
IRS990/InitialReturnInd0X
IRS990/InterestGrp/TotalAmt079435
IRS990/InvestmentIncomeGrp/ExclusionAmt0132763
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0132763
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt048719686
IRS990/IRPDocumentCnt01136
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04005193
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09267291
IRS990/LandBldgEquipCostOrOtherBssAmt013272484
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010876
IRS990/LoanOutstandingInd00
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 13,800.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt032446692
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-10876
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10876
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0220306
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0164050
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt02738123
IRS990/OtherChangesInNetAssetsAmt032010724
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056859
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc2ATM AND DEBIT CARD EXPE
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0155000
IRS990/OtherExpensesGrp/TotalAmt174391
IRS990/OtherExpensesGrp/TotalAmt235720
IRS990/OtherExpensesGrp/TotalAmt317674
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0228453199
IRS990/OtherOrganizationDsc0STATE CHARTERED CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES AND SERVICE CHARG
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING IN
IRS990/OtherRevenueMiscGrp/Desc2FOREIGN ATM FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0558818
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0558818
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21383
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01383
IRS990/OtherRevenueTotalAmt0566316
IRS990/OtherSalariesAndWagesGrp/TotalAmt0181502
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0122519004
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt039707
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt027610
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0175213
IRS990/PrincipalOfficerNm0JUSTIN HALL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01062515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01062515
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
IRS990/ReconcilationRevenueExpnssAmt0215662
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt032446692
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075670416
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd00
IRS990ScheduleC/InternalFundsContributedAmt01233
IRS990ScheduleC/PoliticalExpendituresAmt01233
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0591889104
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC)
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt01233
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt03692 COOLIDGE CT
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0TALLAHASSEE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd032311
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION DONATED FUNDS TO THE FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE - LEAGUE OF SOUTHEASTERN CREDIT UNIONS FOR THE PURPOSE OF LOBBYING FOR THE CREDIT UNION INDUSTRY.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt01233
IRS990ScheduleD/BuildingsGrp/BookValueAmt05932757
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02219493
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08152250
IRS990ScheduleD/LandGrp/BookValueAmt01332682
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01332682
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02001852
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01785700
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03787552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0228453199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt020889510
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1380557
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt227086000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3137519
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4226100
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/TotalBookValueLandBuildingsAmt09267291
IRS990ScheduleD/TotalBookValueSecuritiesAmt048719686
IRS990ScheduleD/TotalLiabilityAmt0228453199
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0230635
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1120049
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount026000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount119980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15558
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028395
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt18476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM GREG FRITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LEONARD JUSTIN HALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0297902
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1154063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SHALL INITAILLY CONSIST OF 8 MEMBERS, NOT FEWER THAN 5 NOR MORE THAN 15. ALL ELIGIBLE PERSONS NOMINATED BY EITHER THE NOMINATING COMMITTEE OR BY PETITION MUST BE PLACED BEFORE THE MEMBERS. WHEN NOMINATIONS ARE CLOSED, THE CHAIR APPOINTS THE TELLERS, BALLOTS AE DISTRIBUTED, THE VOTE IS TAKEN AND TALLIED BY THE TELLERS, AND THE RESULTS ANNOUNCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS HAVE TO VOTE FOR A CHARTER CHANGE: CHANGE FROM FEDERAL CHARTER TO STATE CHARTER OR STATE TO FEDERAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE SEVIOR VP OF FINANCE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION IS PERFORMED BY THE BOARD OF DIRECTORS. THE PRESIDENT PERFORMS THE ANNUAL REVIEW OF OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH OFFICE. ANNUAL REPORTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RETAINED EARNINGS UNDER FEDERAL CHARTER 32,010,724.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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, 2021 IS STILL IN PROGRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2(B)
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0263722313
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0263722313
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01535056
IRS990/TotalGrossUBIAmt01383
IRS990/TotalLiabilitiesEOYAmt0231275621
IRS990/TotalLiabilitiesGrp/BOYAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$263,722,313
Liabilities
$231,275,621
Net assets
$32,446,692
Revenue
$1,750,718
Expenses
$1,535,056
Net income
$215,662
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