2024-04-24T16:26:33-05:00 2023-12-31 990 2023-01-01 590773154 Florida Credit Union FLOR 3523774141 PO Box 5549 Gainesville FL 326275549 Wendy Koford SVP Finance/CFO 3523774141 2024-03-01 Wendy Koford XXX-XX-XXXX 0 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Mark Starr PO Box 5549 Gainesville FL 326275549 145983700 0 X www.flcu.org X 1950 FL Credit Union with income from credit union membership and from investments of member funds provide the foundation from which the organization can function and provide service to its restricted membership. 8 8 388 8 320466 0 0 0 32287903 33257017 77791414 109993942 28188 31246 110107505 143282205 0 0 0 0 27854592 29483230 0 0 0 47263049 76842729 75117641 106325959 34989864 36956246 1967340964 2105555808 1742592206 1843893829 224748758 261661979 Income from credit union membership and from investement of member funds provide the foundation from which the organization can function and provide service to its restricted membership. 0 0 Income from credit union membership and from investment of members funds provide the foundation from which the organization can function and provide service to its restricted membership. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 388 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X Mark Starr CEO 3523774141 1615 NW 80th Blvd Gainesville FL 32606 Alfred Peoples Board Vice-Chair 0.00 X 0 0 0 Lynn Jones Board Treasurer 0.00 X 0 0 0 Judy Johnson Board Chair 0.00 X 0 0 0 Dr Barbara Buys Board Director 0.00 X 0 0 0 William Hopgood Board Director 0.00 X 0 0 0 Andrew Sutherland Board Secretary 0.00 X 0 0 0 Kara Brown Director 0.00 X 0 0 0 Faye McKnight Director 0.00 X 0 0 0 Wendy Koford SVP Finance/CFO 40.00 X 360568 0 53505 Thomas Beck SVP IS/CTO 40.00 X 441505 0 57505 Mark Starr President/CEO 40.00 X 914009 0 279431 Christine Suarez-Jenkins SVP Lending/CLO 40.00 X 404440 0 43867 David Eckardt SVP Operations/COO 40.00 X 393193 0 105933 Brian Moses SVP Commercial 40.00 X 290431 0 31587 Beatrice Cherry SVP Marketing 40.00 X 277282 0 52002 Sarah King SVP HR & Training 40.00 X 200526 0 29306 Wesley Colson SVP Credit Services 40.00 X 226876 0 42901 Jane Harris Commercial Relationship Manager 40.00 X 170053 0 31331 Kirk Becker VP Information Services 40.00 X 182372 0 32586 Daniel Arreola VP Risk Managment 40.00 X 192279 0 28512 Pingue Gregory AVP Mortgage 40.00 X 186533 0 30083 Lopes Michael VP Systems Engineer 40.00 X 177263 0 33480 4417330 0 852029 44 0 1 0 Florida Vehicle Investigations 5518 Abagail Drive Spring Hill FL 34608 Repossesion Firm 372855 Williams Gautier Law Firm PO Box 4128 Tallahassee FL 32315 Attorneys 350188 New Day Media 5325 Riverview Road Atlanta GA 30327 Marketing Firm 324733 Sorenson Van Leuven Law Firm PO Box 3637 Tallahassee FL 32315 Attorneys 316298 Posh Technolgies LLC 695 Atlantic Ave 9th Floor Boston MA 02111 Techonology 134955 5 Other Operating Income 522100 32896145 32896145 Mechanical Breakdown 522291 320466 320466 ATM Surcharges 525990 40406 40406 33257017 112608622 112608622 53532 22286 31246 31246 31246 64529 2679209 -2614680 -2614680 -2614680 143282205 142961739 320466 0 2513716 20786775 2217204 2344920 1620615 351863 169482 4053662 8164893 2052862 777664 32546010 2451401 358767 Provision for Loan Loss 12659929 Prof and Outside Servic 7351717 Loan Servicing 5297813 Miscellanous 352664 254002 106325959 6251324 4923117 309240950 333231983 18585792 13124129 109999 136098 1562019849 1678979474 15964304 14098690 54417975 23684525 25199978 30733450 3426900 3752200 26541868 26576667 1967340964 2105555808 25528221 32353903 1247299 1852570 818374 793472 60000000 50000000 1654998312 1758893884 1742592206 1843893829 X 0 0 0 0 224748758 261661979 224748758 261661979 1967340964 2105555808 X 36956246 -43025 X 0 0 0 0 1 X 10798913 10798913 20592483 5809180 14783303 1841077 1435074 406003 20397898 15792304 4605594 787604 647967 139637 30733450 Member Deposits 1720193884 Non-Member Share Accounts 38700000 1758893884 X Part IV, Line 2b: Escrow for Tax and Insurance on Members Mortgage and Commercial Loans. Part X, Line 2: 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 has 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. X 1 1 X X 0 1 0 Mark Starr President/CEO 754670 0 124483 0 34856 0 272657 0 6774 0 1193440 0 0 0 David Eckardt SVP Operations/COO 324553 0 64517 0 4123 0 83306 0 22627 0 499126 0 0 0 Thomas Beck SVP IS/CTO 352614 0 66523 0 22368 0 37783 0 19722 0 499010 0 0 0 Christine Suarez-Jenkins SVP Lending/CLO 334398 0 65910 0 4132 0 34843 0 9024 0 448307 0 0 0 Wendy Koford SVP Finance/CFO 298917 0 59914 0 1737 0 35387 0 18118 0 414073 0 0 0 Beatrice Cherry SVP Marketing 228225 0 44757 0 4300 0 33280 0 18722 0 329284 0 0 0 Brian Moses SVP Commercial 244498 0 45045 0 888 0 28966 0 2621 0 322018 0 0 0 Wesley Colson SVP Credit Services 177168 0 36036 0 13672 0 20287 0 22614 0 269777 0 0 0 Sarah King SVP HR & Training 164494 0 31532 0 4500 0 21009 0 8297 0 229832 0 0 0 Daniel Arreola VP Risk Managment 152153 0 28986 0 11140 0 20852 0 7660 0 220791 0 0 0 Pingue Gregory AVP Mortgage 169140 0 8451 0 8942 0 21572 0 8511 0 216616 0 0 0 Kirk Becker VP Information Services 155191 0 15976 0 11205 0 15068 0 17518 0 214958 0 0 0 Lopes Michael VP Systems Engineer 157500 0 15000 0 4763 0 20017 0 13463 0 210743 0 0 0 Jane Harris Commercial Relationship Manager 132907 0 36937 0 209 0 14522 0 16809 0 201384 0 0 0 Part I, Line 3 Florida Credit Union purchases 3rd party salary surveys of competitve industries based on asset size. Part I, Line 4b Mark Starr, 231,191.28 David Eckhardt 46,733.04 William Hopgood Board Director Credit Card X 20000 628 0 1 1 Dr Barbara Buys Board Director Line of Credit X 5500 0 0 1 1 David Eckhardt SVP Operations/COO Credit Card X 20000 3013 0 1 1 Wendy Koford SVP Finance/CFO Home Equity Loan X 120000 19583 0 1 1 Alfred Peoples Board Vice-Chair Line of Credit X 7000 0 0 1 1 Andrew Sutherland Board Secretary Credit Card X 7600 7486 0 1 1 Alfred Peoples Board Vice-Chair Home Equity LOC X 40000 0 0 1 1 David Eckhardt SVP Operations/COO Secured LOC X 2000 0 0 1 1 Andrew Sutherland Board Secretary Line of Credit X 500 500 0 1 1 Alfred Peoples Board Vice-Chair Credit Card X 12000 0 0 1 1 Judy Johnson Board Chair Credit Card X 10000 0 0 1 1 Mark Starr President/CEO Credit Card X 16000 1771 0 1 1 Beatrice Cherry SVP Marketing Credit Card X 20000 2799 0 1 1 Lynn Jones SR Board Treasurer Credit Card X 13000 0 0 1 1 Dr Barbara Buys Board Director Credit Card X 18300 126 0 1 1 Christine Suarez-Jenkins SVP Lending/CLO credit Card X 4000 0 0 1 1 Christine Suarez-Jenkins SVP Lending/CLO credit Card X 1000 939 0 1 1 Lynn Jones SR Board Treasurer Auto Loan X 47257 36391 0 1 1 Sarah King SVP HR Line of Credit X 5000 0 0 1 1 Sarah King SVP HR credit Card X 12000 0 0 1 1 Andrew Sutherland Board Secretary RV Loan X 56923 56412 0 1 1 Andrew Sutherland Board Secretary Line of Credit X 500 0 0 1 1 Wendy Koford SVP Finance/CFO Credit Card X 10000 6310 0 1 1 Sarah King SVP HR Credit Card X 4000 140 0 1 1 136098 Form 990, Part VI, Section A, line 6 Anyone doing business with the credit union is a member. Form 990, Part VI, Section A, line 7a An annual election is held for open spots on the board of directors and we are regulated by the Florida Division of Financials Institutions and the National Credit Union Administration. Form 990, Part VI, Section B, line 11b Auditors and examiners review the report and give a report to the board of directors. Form 990, Part VI, Section B, line 12c Directors and employees are required to avoid conflicts of interest by Federal and State Banking laws. Staff and board are questioned by auditors as part of the AICPA opinion audit. Form 990, Part VI, Section B, line 15 Florida Credit Union purchases 3rd party salary surveys of competitive industries based on asset size. Form 990, Part VI, Section C, line 18 Available upon request. Form 990, Part VI, Section C, line 19 Financial Statements are available in branch lobbies. Call reports on the web. Form 990, Part XI, line 9: CECL Day 1 Adjustment -43027. Rounding 2.