2024-11-14T01:24:59-06:00 2023-12-31 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2023-01-01 590808589 RADIANT CREDIT UNION RADI 3864621180 4440 NW 25TH PL GAINESVILLE FL 326066563 TREY PRESNELL CFO 3864621180 2024-11-13 1 1 CORINNE LAROCHE P01500189 3523781331 2024-11-13 2023 2024-10-15 13:58:12Z THOMAS BARNARD 4440 NW 25TH PL GAINESVILLE FL 326066563 49831632 0 X HTTPS://WWW.RADIANTCU.ORG/ X 2021 FL ORGANIZATION IS A NOT-FOR-PROFIT CREDIT UNION THAT OFFERS MEMBERS LOAN AND DEPOSIT SERVICES. 9 9 215 13 1197634 0 0 0 27214913 33414486 2325120 5041239 10840267 11370349 40380300 49826074 0 0 0 0 14573346 15511502 0 0 0 20406654 31534077 34980000 47045579 5400300 2780495 749270618 803487053 92214195 143858182 657056423 659628871 WE WILL DELIVER A TIMELY, ATTENTIVE, PERSONALIZED EXPERIENCE THAT LEAVES OUR MEMBERS FEELING VALUED! 0 0 WE'RE A CREDIT UNION, A NOT-FOR-PROFIT FINANCIAL INSTITUTION PROUDLY SERVING OUR COMMUNITY AND MEMBERS SINCE 1957. WITH ALL THE CHOICES OUT THERE, WHY PICK RADIANT CREDIT UNION? YOU OWN US. OUR MEMBERS AREN'T JUST CUSTOMERS, THEY'RE OWNERS. THIS MEANS WHEN YOU JOIN RADIANT CREDIT UNION, YOU GET A VOICE IN HOW WE DO BUSINESS. AS A NOT-FOR-PROFIT COOPERATIVE, WE RETURN OUR PROFITS TO OUR MEMBER-OWNERS IN THE FORM OF BETTER RATES, LOWER FEES, A HIGHER RETURN ON DEPOSITS, AND PERSONALIZED SERVICE. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 62 0 1 215 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 FL X THE ORGANIZATION 3523815200 4440 NW 25TH PL GAINESVILLE FL 326066563 CALVIN DECOURSEY CHAIRMAN 1.00 0.00 X X 1607 0 0 CHAD KING VICE CHAIRMAN 1.00 0.00 X X 2466 0 0 CYNTHIA S BROCHU TREASURER 1.00 0.00 X X 1200 0 0 JANE TAYLOR SECRETARY 1.00 0.00 X X 1512 0 0 PATRICK FITZGERALD DIRECTOR UNTIL 2/2023 1.00 0.00 X 1610 0 0 CHARLES GEIGER SR DIRECTOR 1.00 0.00 X 3472 0 0 DAVID NICHOLSON DIRECTOR 1.00 0.00 X 3391 0 0 SHARON PAPCIAK DIRECTOR 1.00 0.00 X 3482 0 0 JOHN POWER DIRECTOR 1.00 0.00 X 1562 0 0 APRIL SAVARESE DIRECTOR AS OF 2/2023 1.00 0.00 X 0 0 0 THOMAS BARNARD PRESIDENT/CEO 40.00 1.00 X 494444 0 37258 KELLY CHESSER COO 40.00 0.00 X 231699 0 29195 BRANDON LOVE CTO 40.00 0.00 X 216861 0 26868 MATTHEW BRADDY CLO 40.00 0.00 X 213478 0 28413 TREY PRESNELL CFO 40.00 1.00 X 219264 0 28243 ANDREW CUOMO CPO 40.00 0.00 X 210592 0 28243 ALBERT STRICKLAND VP OF MARKETING 40.00 1.00 X 158726 0 27600 TANNIA WEAVER VP OF RISK/COMPLIANCE 40.00 1.00 X 151459 0 14816 JOSH EMERSON VP OF CREDIT 40.00 0.00 X 145577 0 20096 KIMBERLY MAXWELL VP OF OPERATIONS 40.00 0.00 X 127502 0 25038 ERIC WHISLER CONTACT CENTER DIRECTOR 40.00 1.00 X 123004 0 13574 2312908 0 279344 12 0 1 0 WITTENBACH BUSINESS SYSTEMS LLC PO BOX 45769 BALTIMORE MD 212975769 SECURITY 254998 SORENSON VANLEUVEN PLLC PO BOX 3637 TALLAHASSEE FL 32315 LEGAL FEES 179374 PK 5 LLC 2627 NW 43RD STREET SUITE 300 GAINESVILLE FL 32606 RENT 134050 3 CONSUMER LOANS 522291 20257003 20257003 BUSINESS LOANS 522220 4914068 4914068 VISA 522210 3757995 3757995 MORTGAGE LOANS 522292 2628823 2628823 HELOC LOANS 522292 1776882 1776882 79715 79715 33414486 5046797 5046797 1965 3593 -1965 -3593 -5558 -3593 -1965 MISCELLANEOUS OPERATING INCOME 522100 5940943 5940943 FEE INCOME 522100 4231772 4231772 DEBT PROTECTION 524298 487545 487545 710089 710089 11370349 49826074 43583608 1197634 5044832 1784857 10931405 473582 2321658 127639 79090 594465 1082013 851945 3187588 1418197 386552 2000 11153006 943327 208122 PROVISION FOR LOAN LOSS 5686251 LOAN SERVICING 3041284 DEBIT CARD 1371835 ATM 569130 831633 47045579 4951976 3423352 17958833 16042605 581573638 621808062 2190618 2309892 33322551 11196848 19702708 22125703 113998456 128230055 1071820 725074 7822569 8822310 749270618 803487053 3591119 3874519 637685 540837 40000000 40000000 47985391 99442826 92214195 143858182 X 0 0 0 0 657056423 659628871 657056423 659628871 749270618 803487053 2780495 938265 -1146312 0 X X 0 1 X 1 0 7614775 7614775 17045053 5498375 11546678 895529 556100 339429 6429133 5142373 1286760 1338061 1338061 22125703 OVERNIGHT INVESTMENTS 40185122 F ALL OTHER INVESTMENTS 88044933 F 128230055 DIVIDENDS PAYABLE 2626 INTEREST PAYABLE 215612 OTHER LIABILITIES 1402352 TAXES PAYABLE 30725 OPERATING LEASE LIABILITY 725074 SHARE LIABILITY 97066437 99442826 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X X X 0 1 0 THOMAS BARNARD PRESIDENT/CEO 404519 0 85000 0 4925 0 19800 0 17458 0 531702 0 0 0 KELLY CHESSER COO 195937 0 35516 0 246 0 13614 0 15581 0 260894 0 0 0 TREY PRESNELL CFO 186410 0 32703 0 151 0 12662 0 15581 0 247507 0 0 0 BRANDON LOVE CTO 183129 0 33563 0 169 0 11287 0 15581 0 243729 0 0 0 MATTHEW BRADDY CLO 180069 0 33140 0 269 0 12832 0 15581 0 241891 0 0 0 ANDREW CUOMO CPO 177727 0 32703 0 162 0 12662 0 15581 0 238835 0 0 0 ALBERT STRICKLAND VP OF MARKETING 132145 0 26190 0 391 0 10064 0 17536 0 186326 0 0 0 TANNIA WEAVER VP OF RISK/COMPLIANCE 128204 0 23047 0 208 0 8816 0 6000 0 166275 0 0 0 JOSH EMERSON VP OF CREDIT 121878 0 23507 0 192 0 8996 0 11100 0 165673 0 0 0 KIMBERLY MAXWELL VP OF OPERATIONS 106171 0 21142 0 189 0 8058 0 16980 0 152540 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES CERTAIN INDIVIDUALS WITH A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (PLAN). THE PLAN IS BEING FUNDED VIA LIFE INSURANCE POLICIES AND SPLIT DOLLAR LOAN AGREEMENTS HAVE BEEN ENTERED INTO WITH THE PARTICIPANTS OF THE EXECUTIVES COVERED UNDER THE PLAN. AS PART OF THE SPLIT DOLLAR LOAN AGREEMENTS, THE EXECUTIVES HAVE ASSIGNED THE POLICIES TO THE CREDIT UNION AS COLLATERAL. THIS ASSIGNMENT SECURES REPAYMENT OF ANY ADVANCES AND ACCRUED INTEREST FOR THE POLICY PREMIUMS AND ANY OTHER ADVANCES UNDER ANY AGREEMENT. THE LOANS HAVE A FIXED INTEREST RATE, WITH INTEREST ACCRUED MONTHLY AND CAPITALIZED AS PART OF THE TOTAL LOAN BALANCE ANNUALLY. THE ORGANIZATION HAS A SPLIT DOLLAR RETIREMENT PLAN IN PLACE FOR OFFICER TOM BARNARD. THERE ARE NO FUNDS PAID CURRENTLY AS THE OFFICER DOES NOT MEET THE AGE REQUIREMENT. THE CREDIT UNION FUNDED THE PRESENT CASH VALUE OF THE POLICY FOR WHICH IT RETAINS ON THE BALANCE SHEET AS AN ASSET AND ADJUSTS IT MONTHLY TO MARKET VALUE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY MANAGEMENT BEFORE FILING. THE RETURN IS NOT GIVEN TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE FOLLOWING TO DETERMINE THE SALARY OF THE CEO: - COMPENSATION COMMITTEE THAT IS A SUB-COMMITTEE OF THE BOARD - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION STUDY - APPROVAL BY THE BOARD/COMMITTEE - WRITTEN EMPLOYMENT CONTRACT SIMILAR PROCEDURES ARE FOLLOWED FOR OTHER KEY OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2B THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE REPORTED FOR THE SIX MONTHS ENDING 12/31/2023 AND NOT THE FULL TAX YEAR ENDING 12/31/2023. THEREFORE, 990 PART IV, LINE 12A, HAS BEEN ANSWERED, "NO, AND FORM 990 PART XII, LINE 2B, HAS BEEN ANSWERED, "YES." RAYS OF HOPE FOUNDATION INC 4440 NW 25TH PLACE GAINESVILLE FL 32606 810734376 TO PROMOTE AND PROVIDE CHARITABLE ASSISTANCE FL 501(C)(3) LINE 7 RADIANT CREDIT UNION 1 RADIANT FINANCIAL SOLUTIONS LLC 4440 NW 25TH PLACE GAINESVILLE FL 32606 454195071 CREDIT UNION SERVICE ORGANIZATION FL RADIANT CREDIT UNION S 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0