2025-11-17T08:24:26-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 590642953 FIRST COAST COMMUNITY CREDIT UNION FIRS 3863285555 306 S PALM AVENUE PALATKA FL 32177 GRETCHEN LUNSFORD CEO 3863285555 2025-11-16 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-16 2024 2025-03-06 01:10:19Z GRETCHEN LUNSFORD 306 SOUTH PALM AVENUE PALATKA FL 32177 7287547 0 2106 X WWW.FIRSTCOASTCCU.COM X 1948 FL DELIVERING DREAMS THROUGH SIMPLIFIED FINANCIAL SERVICES. 7 7 44 7 27749 0 0 0 4368000 4705805 2201294 2581742 0 0 6569294 7287547 0 0 0 0 2325406 2580067 0 0 0 2759505 3310397 5084911 5890464 1484383 1397083 150494702 146696091 133234468 128038774 17260234 18657317 DELIVERING DREAMS THROUGH SIMPLIFIED FINANCIAL SERVICES. 0 0 INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2885 0 1 44 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X GRETCHEN LUNSFORD 3863285555 306 SOUTH PALM AVENUE PALATKA FL 32177 JAMES NORWOOD JR CHAIRPERSON 1.00 X 0 0 0 RUDY HOWARD VICE CHAIRPERSON 1.00 X 0 0 0 CANDY RIGDON SECRETARY 1.00 X 0 0 0 CATHY MERRITT TREASURER 1.00 X 0 0 0 LINDA OSBORNE BOD MEMBER 1.00 X 0 0 0 BETTY POTEET BOD MEMBER 1.00 X 0 0 0 MATT REYNOLDS BOD MEMBER 1.00 X 0 0 0 GRETCHEN LUNSFORD CEO 40.00 X 417799 0 39949 SANDRA PREVATT EVP 40.00 X 221168 0 38093 638967 0 78042 2 0 1 0 JACK HENRY & ASSOCIATES PO BOX 65708 MONETT MO 65708 SOFTWARE SUPPORT 464674 TRIDATA INC 300 TOWNPARK DR NW SUITE 110 KENNESAW GA 30144 ATM PURCHASES 148310 GLORY GLOBAL DEPT CH 16630 PALATINE IL 60055 CDR COIN MACHINE PURCHASE/MAINT 137228 CONNECT FSS PO BOX 923 SANDY UT 84091 DATA PROCESSING 128503 4 INCOME FROM LOANS 522100 3238657 3238657 FEES/CHARGES/OTHER 522100 1439399 1439399 FINANCE & INSURANCE 520000 27749 27749 4705805 2581742 2581742 7287547 7259798 27749 0 X 575938 1316379 133213 419234 135303 43356 494695 64065 426304 316693 138909 66815 649212 241353 199752 MAINTENANCE AND REPAIRS 291995 PROVISION FOR LOAN LOSS 137056 VISA EXPENSES 91354 LOAN SERVICING 73680 75158 5890464 2075861 2276228 33860850 24980173 87333 50705 49522246 48480390 184464 251934 6604713 4008968 2416438 2595745 19500000 17749792 38201976 45447976 1901281 1901281 2744253 2961867 150494702 146696091 2275092 1374014 130959376 126664760 133234468 128038774 X 0 0 0 0 17260234 18657317 17260234 18657317 150494702 146696091 1397083 0 X X 0 1 X 1 0 1002384 1002384 2932339 1697587 1234752 2669990 2311381 358609 2595745 CERTIFICATES OF DEPOSIT 44563000 C CORPORATE ONE PCC PARTNER 884976 C 45447976 MEMBER DEPOSITS - SHARES 69677407 MEMBER DEPOSITS - CHECKING 28588111 MEMBER DEPOSITS - MONEY MARKET 3786681 MEMBER DEPOSITS - IRA 4553254 MEMBER DEPOSITS - CERTIFICATES 9790650 MEMBER DEPOSITS - IRA CERTIFICATES 4369837 MEMBER DEPOSITS - OTHER 5898820 126664760 X 7287547 0 7287547 0 7287547 5890464 0 5890464 0 5890464 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. X X X X 0 1 0 GRETCHEN LUNSFORD CEO 188693 0 29106 0 200000 0 8953 0 30996 0 457748 0 128571 0 SANDRA PREVATT EVP 143658 0 26010 0 51500 0 7347 0 30746 0 259261 0 12500 0 PART I, LINE 3 THE CEO, GRETCHEN LUNSFORD AND THE EVP, SANDRA PREVATT, PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. BOTH PARTICIPANTS RECEIVED A PAYOUT DURING 2024: GRETCHEN LUNSFORD: $200,000 SANDRA PREVATT: $50,000 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP CAN VOTE ON BOARD SEATS IF A BOARD MEMBER IS NOT SAT BY ACCLAMATION. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B INITIAL REVIEW OF THE FORM 990 IS DONE BY SANDRA PREVATT, EVP. IT IS THEN SUBMITTED TO THE CEO, GRETCHEN LUNSFORD, FOR FINAL REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE VICE PRESIDENT, UNDER THE DIRECTION OF THE PRESIDENT/CEO MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY FOR FIRST COAST COMMUNITY CREDIT UNION. THIS INCLUDES VENDOR MANAGEMENT, EMPLOYEE TRAINING AND MONITORING OF EMPLOYEE TRANSACTIONS. ALL NEW EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST POLICY AS PART OF THE CODE OF CONDUCT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS SUBJECT TO A BOARD REVIEW ANNUALLY AND IS BASED ON AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY. THE SALARIES OF OTHER OFFICERS AND EMPLOYEES ARE DETERMINED BY UTILIZING THE CUNA MUTUAL GROUP SALARY SURVEY BASED ON CREDIT UNION ASSET SIZE AND MARKET ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE NCUA'S WEBSITE VIA THE 5300 FILING. FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENSE 57,899. TRAINING 17,259. 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.