Civic Intelligence

Panhandle Credit Union

990 • Fiscal year 2023 • EIN 85-3981152

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 25, 2024

Organization ProfilePANHANDLECU.ORG

View Organization Page

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

19th percentile

0.88x

Higher debt load relative to assets than 19% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

15.75x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Net Margin

82nd percentile

20%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

11th percentile

$273,312

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Asset Growth

58th percentile

3.0%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

38%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$307,340,662

Up $9,040,006 (+3.0%) from 2022

Net Assets

Up

$37,801,790

Up $3,141,325 (+9.1%) from 2022

Liabilities

Up

$269,538,872

Up $5,898,681 (+2.2%) from 2022

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin82nd percentile

Revenue

Up

$17,116,551

Up $4,688,196 (+38%) from 2022

Expenses

Up

$13,654,991

Up $4,218,896 (+45%) from 2022

Net Income

Up

$3,461,560

Up $469,300 (+16%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

2023

Assets$307,340,662
Liabilities$269,538,872
Net Assets$37,801,790
Open 2023 Filing

Operations Trend

Revenue Growth90th percentile

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

2023

Revenue$17,116,551
Expenses$13,654,991
Net Income$3,461,560
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 25, 2024
Return Version
2023v5.1
Gross Receipts
$17,116,553
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$167,315,274$183,641,270▲ $16,325,996
Investments Other Securities$67,996,834$56,284,351▼ $11,712,483
Savings and Temporary Cash Investments$44,172,226$39,632,640▼ $4,539,586
Rtn Earn Endowment Incm Other Fnds$34,660,465$37,801,790▲ $3,141,325
Land, Buildings, and Equipment, Net$11,817,423$12,045,469▲ $228,046
Receivables From Officers Etc-$6,793,458-
Cash and Non-Interest-Bearing Accounts$3,586,700$3,683,176▲ $96,476
Prepaid Expenses and Deferred Charges$307,744$1,086,835▲ $779,091
Accounts Receivable$20$923,368▲ $923,348
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$298,300,656$307,340,662▲ $9,040,006
Other Assets Total$3,104,435$3,250,095▲ $145,660
Liabilities
Other Liabilities$260,996,737$266,627,112▲ $5,630,375
Accounts Payable and Accrued Expenses$2,643,454$2,911,760▲ $268,306
Total Liabilities$263,640,191$269,538,872▲ $5,898,681
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,660,465$37,801,790▲ $3,141,325
Total Liabilities and Net Assets / Fund Balance$298,300,656$307,340,662▲ $9,040,006

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,332,861$2,890,567$10,223,428
Land$3,768,388-$3,768,388
Other Land Buildings$944,220$2,164,506$3,108,726
Other Securities$209,000--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leonard Justin HallPresident/CEOFT$196,154$77,158$273,312
Sarah AllisonCFOFT$153,350$36,141$189,491
John WhitlockCLOFT$136,923$2,485$139,408
Amanda PittsChief Operations OfficerFT$125,731$6,285$132,016
Maura HoodVP of Retail LendingFT$104,343$17,000$121,343
Cynthia ReimersDirector of Business LendingFT$102,283$16,781$119,064

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
$9,942,009
Investment Income
$3,045,083
Other Revenue
$4,129,459
Change in Net Assets
$3,461,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,335,256
Salaries, Compensation, and Employee Benefits$5,302,936
Grants and Similar Amounts Paid$16,799
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,873,184
Interest---$2,217,324
Information Technology---$1,207,530
Current Officers, Directors, Trustees, and Key Employees---$974,634
Other Employee Benefits---$921,520
Occupancy---$567,054
Depreciation Depletion---$411,011
All Other Expenses---$406,515
Advertising---$341,860
Payroll Taxes---$316,790
Pension Plan Contributions---$216,808
Other Expenses---$214,414
Office Expenses---$184,226
Fees for Services Other---$176,462
Insurance---$113,343
Fees for Services Legal---$106,002
Fees for Services Accounting---$67,650
Travel---$55,819
Grants to Domestic Individuals---$9,500
Grants to Domestic Orgs---$7,299
Total Functional Expenses$0$0$0$13,654,991
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Northwest Florida IncPanama City, FL501(c)(3)United Way Funding$6,148
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$266,627,112
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
2024-10-25
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 XI, LINE 9:

“Cecl transition provision -1,114,913.”

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, 2024 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, 2023, 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 2020.”

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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.
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt011817423
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012045469
IRS990/LandBldgEquipCostOrOtherBssAmt017100542
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02
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 15,600.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt034660465
IRS990/NetAssetsOrFundBalancesEOYAmt037801790
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0794678
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0567054
IRS990/OfficeExpensesGrp/TotalAmt0184226
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03104435
IRS990/OtherAssetsTotalGrp/EOYAmt03250095
IRS990/OtherChangesInNetAssetsAmt0-1114913
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0921520
IRS990/OtherExpensesGrp/Desc0ATM AND DEBIT CARD EXPE
IRS990/OtherExpensesGrp/Desc1CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01036167
IRS990/OtherExpensesGrp/TotalAmt1910401
IRS990/OtherExpensesGrp/TotalAmt2319478
IRS990/OtherExpensesGrp/TotalAmt3214414
IRS990/OtherLiabilitiesGrp/BOYAmt0260996737
IRS990/OtherLiabilitiesGrp/EOYAmt0266627112
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/RelatedOrExemptFuncIncomeAmt04077071
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt139510
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04077071
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt139510
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt212878
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012878
IRS990/OtherRevenueTotalAmt04129459
IRS990/OtherSalariesAndWagesGrp/TotalAmt02873184
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0167315274
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0183641270
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0316790
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0216808
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0307744
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01086835
IRS990/PrincipalOfficerNm0JUSTIN HALL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09942009
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09942009
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/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt030654
IRS990/PYInvestmentIncomeAmt01313812
IRS990/PYOtherExpensesAmt05339412
IRS990/PYOtherRevenueAmt03766925
IRS990/PYProgramServiceRevenueAmt07347618
IRS990/PYRevenuesLessExpensesAmt02992260
IRS990/PYSalariesCompEmpBnftPaidAmt04066029
IRS990/PYTotalExpensesAmt09436095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012428355
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt06793458
IRS990/ReconcilationRevenueExpnssAmt03461560
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt034660465
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt037801790
IRS990/SavingsAndTempCashInvstGrp/BOYAmt044172226
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039632640
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07332861
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02890567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010223428
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03768388
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03768388
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0944220
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02164506
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03108726
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0266627112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt027529222
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11504637
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt226903000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3138492
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4209000
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, 2023, 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 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012045469
IRS990ScheduleD/TotalBookValueSecuritiesAmt056284351
IRS990ScheduleD/TotalLiabilityAmt0266627112
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990ScheduleI/RecipientTable/CashGrantAmt06148
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
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0196154
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1153350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount027885
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount120000
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/DeferredCompensationFlngOrgAmt010042
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt16981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013053
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt19160
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt026178
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LEONARD JUSTIN HALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SARAH ALLISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0273312
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1189491
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0JUSTIN HALL, CEO PARTICIPATES IN A SPLIT-DOLLAR LIFE INSURANCE PLAN. FORGIVEN INTEREST OF $29,378 IS INCLUDED IN OTHER REPORTABLE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$307,340,662
Liabilities
$269,538,872
Net assets
$37,801,790
Revenue
$17,116,551
Expenses
$13,654,991
Net income
$3,461,560
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