2022-09-13T10:42:21-05:00 2021-12-31 382492570 DOEREN MAYHEW 12060 SW 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 590965738 STATE CHARTERED CREDIT UNIONS IN FLORIDA STAT 9419536744 1558 1ST STREET SARASOTA FL 34236 ARTHUR C HART CEO 9419536744 2022-09-12 1 ARTHUR HART 999009999 DOUGLAS J ORTH P01076394 3052328272 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z 1ST STREET CREDIT UNION ARTHUR C HART 1558 1ST STREET SARASOTA FL 34236 1236235 0 X 1STREETCU.COM X 1951 FL PROVIDING PERSONAL FINANCIAL SERVICES TO MEMBERS OF THE ORGANIZATION. 5 5 16 8 6138 0 0 0 1002958 994042 355117 242193 0 0 1358075 1236235 0 0 0 0 494009 372869 0 0 0 907360 858203 1401369 1231072 -43294 5163 35721958 39446205 32020206 35739290 3701752 3706915 1ST STREET CREDIT UNION OFFERS A VARIETY OF PERSONAL FINANCIAL SERVICES EXCLUSIVELY TO MEMBERS INCLUDING COMPETITIVE RATES ON LOANS AND DEPOSITS AND MANY OTHER PRODUCTS AND SERVICES. 0 0 PROVIDING LOW COST FINANCIAL SERVICES AND LOANS TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 562 0 1 16 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X ARTHUR C HART 9419536744 1558 1ST STREET SARASOTA FL 34236 CLIFFORD E SMITH DIRECTOR 2.00 X 0 0 0 NORMAN J STOCKTON DIRECTOR 2.00 X 0 0 0 DONITA J SUMNEY DIRECTOR 2.00 X 0 0 0 RANDY BOYD DIRECTOR 2.00 X 0 0 0 PAUL R KURTZ DIRECTOR 2.00 X 0 0 0 ARTHUR C HART CEO 40.00 X 99870 0 31183 99870 0 31183 0 0 0 0 WORLDPAY 8500 GOVERNORS HILL DR DR SYMMES TOWNSHIP OH 45249 DEBIT CARD PROCESSOR 159565 CU ANSWERS 6000 28TH STREET STE 100 GRAND RAPIDS MI 495466927 CORE DATA PROCESSOR, WEBSITE HOSTING, MO 102673 2 LOAN INCOME 522100 554446 554446 FEES, CHARGES, OTHER 522100 433458 433458 FINANCE AND INSURANCE 520000 6138 6138 994042 242193 242193 1236235 1230097 6138 0 X 131053 173086 24655 21076 22999 13865 26978 2302 77565 12779 231790 102673 35861 3600 974 122685 53524 25062 LOAN SERVICING 96317 PROVISION LOAN LOSS 16812 ASSOCIATION DUES 12596 MAINTENANCE 12386 10434 1231072 620473 407297 24901561 26926618 -167639 22712 9265605 10591896 29942 2035 1256606 866092 404274 390514 245000 667742 860133 35721958 39446205 368598 438021 31651608 35301269 32020206 35739290 X 0 0 0 0 3701752 3706915 3701752 3706915 35721958 39446205 5163 0 X X 0 1 X 1 0 184918 184918 532248 380443 151805 513466 459676 53790 25974 25973 1 390514 MEMBER DEPOSITS 35301269 35301269 X 1236235 0 1236235 0 1236235 1231072 0 1231072 0 1231072 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPROMISED OF MEMBERS EACH OF WHICH HAS AN EQUAL VOTE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS AN EQUAL VOTE IN THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B A THIRD PARTY CPA FIRM PREPARES FORM 990. THE CEO REVIEWS THE COMPLETED RETURN AND ONCE THE NECESSARY CHANGES (IF ANY) ARE MADE, THE RETURN IS FILED. SUBSEQUENT TO FILING, THE CEO INFORMS THE BOARD OF DIRECTORS THAT THE RETURN HAS BEEN COMPLETED AND ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C IF THE BOARD DETERMINES THAT THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD MEMBER WILL BE RECUSED FROM ALL DISCUSSION AND DECISION-MAKING IN THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 INDUSTRY SALARY SURVEYS ARE USED BY THE BOARD TO SET THE SALARIES OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E MISCELLANEOUS 10,434. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.