Form 990 for tax year 2022
Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.
Totals
- Total revenue
- $47,699,278
- Total expenses
- $32,792,091
- Contributions and grants received
- $1,217,095
- Grants paid
- $0
- Program service revenue
- $45,075,195
- Investment income
- $1,406,988
- Other revenue
- $0
- Total assets, end of year
- $1,120,501,481
- Total liabilities, end of year
- $990,907,347
- Net assets or fund balances, end of year
- $129,594,134
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,217,095
-
2a · Program service revenue: MEMBER LOAN INTEREST
total $35,411,418 · related or exempt $35,411,418
-
2b · Program service revenue: SERVICE CHARGES AND FEES
total $4,255,108 · related or exempt $4,235,670 · unrelated business $19,438
-
2c · Program service revenue: INTERCHANGE INCOME
total $3,706,021 · related or exempt $3,706,021
-
2d · Program service revenue: OTHER NONOPERATING INCOME
total $1,702,648 · related or exempt $1,702,648
-
3 · Investment income
total $1,389,284 · excluded $1,389,284
-
7a · Gross sales of assets other than inventory
other assets $27,250
-
7b · Less cost or other basis and sales expenses
other assets $9,546
-
7c · Gain or loss
other assets $17,704
-
7d · Net gain or loss
total $17,704 · excluded $17,704
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,665,700
-
7 · Other salaries and wages
total $8,353,827
-
8 · Pension plan contributions
total $1,278,394
-
9 · Other employee benefits
total $2,299,821
-
10 · Payroll taxes
total $746,281
-
11a · Fees: management
total $496,842
-
11b · Fees: legal
total -$19,792
-
11c · Fees: accounting
total $195,661
-
11d · Fees: lobbying
total $4,555
-
12 · Advertising and promotion
total $1,917,358
-
13 · Office expenses
total $3,004,304
-
14 · Information technology
total $2,280,249
-
16 · Occupancy
total $1,283,249
-
17 · Travel
total $82,025
-
19 · Conferences, conventions and meetings
total $122,720
-
20 · Interest
total $440,411
-
21 · Payments to affiliates
total $98,557
-
22 · Depreciation, depletion and amortization
total $1,204,856
-
23 · Insurance
total $219,910
-
24a · Other expenses: DIVIDENDS PAID TO MEMBE
total $3,889,717
-
24b · Other expenses: LOAN SERVICING
total $2,560,771
-
24c · Other expenses: FRAUD EXPENSE
total $296,223
-
24d · Other expenses: OFR EXPENSE
total $172,867
-
24e · All other expenses
total $197,585
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,057,331 · end of year $5,116,171
-
2 · Savings and temporary cash investments
beginning of year $125,648,542 · end of year $58,437,742
-
5 · Loans and receivables from officers and key people
beginning of year $1,876,140 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $685,475,977 · end of year $820,341,901
-
9 · Prepaid expenses and deferred charges
beginning of year $27,820,480 · end of year $29,641,844
-
10a · Land, buildings and equipment: cost or other basis
$28,762,182
-
10b · Land, buildings and equipment: accumulated depreciation
$10,720,828
-
10c · Land, buildings and equipment, net
beginning of year $16,929,112 · end of year $18,041,354
-
12 · Investments: other securities
beginning of year $148,278,888 · end of year $177,263,003
-
15 · Other assets
beginning of year $10,882,861 · end of year $11,659,466
-
17 · Accounts payable and accrued expenses
beginning of year $9,749,643 · end of year $11,251,408
-
21 · Escrow or custodial account liability
beginning of year $1,603,815 · end of year $1,556,605
-
25 · Other liabilities
beginning of year $895,991,611 · end of year $978,099,334
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $114,624,262 · end of year $129,594,134
Mission and programs · 2022
Mission
COMMUNITY CREDIT UNION OF FLORIDA IS A MEMBER-OWNED, NOT-FOR-PROFIT, FINANCIAL CO-OPERATIVE FORMED IN 1953 BY LOCAL EDUCATORS. COMMUNITY CREDIT UNION OF FLORIDA HAS GROWN TO MORE THAN 54,000 MEMBERS. COMMUNITY CREDIT UNION OF FLORIDA'S MISSION IS TO "ALWAYS IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS AND MAKE A POSITIVE DIFFERENCE IN OUR COMMUNITY."
Activities or mission (Part I)
IMPROVE MEMBERS' FINANCIAL WELL-BEING AND MAKE A POSITIVE DIFFERENCE IN OUR COMMUNITY.
-
COMMUNITY CREDIT UNION OF FLORIDA PROVIDED FINANCIAL SERVICES TO 54,200 MEMBERS AS OF 12/31/2022 AND SERVICED APPROXIMATELY 34,877 LOANS.
-
COMMUNITY CREDIT UNION OF FLORIDA OFFERS FINANCIAL SERVICES TO 54,200 MEMBERS IN THE FORM OF DEPOSIT ACCOUNTS, DEBIT CARDS, MONEY ORDERS, SAFE DEPOSIT BOXES, WIRE TRANSFERS AND MANY OTHER SERVICES THAT ARE PROVIDED TO MEMBERS.
-
INVESTMENTS ARE USED AS A MEANS OF EXTRA EARNINGS ON DEPOSITED FUNDS THAT HAVE NOT BEEN UTILIZED FOR ANY LENDING PROGRAMS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Laurie CappelliLAURIE CAPPELLI
CHIEF EXECUTIVE OFFICER
- Total calculated
- $747,102
- From this org
- $714,718
- From related orgs
- $0
- Other
- $32,384
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $408,668
- Bonus
- $82,190
- Other
- $223,860
- Deferred
- $14,187
- Nontaxable benefits
- $18,197
- Filer's total
- $747,102
-
Lesli DooleyLESLI DOOLEY
CHIEF OPERATING OFFICER
- Total calculated
- $267,475
- From this org
- $244,075
- From related orgs
- $0
- Other
- $23,400
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $219,360
- Bonus
- $22,002
- Other
- $2,713
- Deferred
- $7,248
- Nontaxable benefits
- $16,152
- Filer's total
- $267,475
-
Daniel KelleyDANIEL KELLEY
CHIEF EXPERIENCE OFFICER
- Total calculated
- $254,636
- From this org
- $239,406
- From related orgs
- $0
- Other
- $15,230
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $219,360
- Bonus
- $20,845
- Other
- -$799
- Deferred
- $2,953
- Nontaxable benefits
- $12,277
- Filer's total
- $254,636
-
David HillDAVID HILL
CHIEF INFORMATION OFFICER
- Total calculated
- $200,605
- From this org
- $182,298
- From related orgs
- $0
- Other
- $18,307
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $168,749
- Bonus
- $14,191
- Other
- -$642
- Deferred
- $5,906
- Nontaxable benefits
- $12,401
- Filer's total
- $200,605
-
Margaret HasenbeckMARGARET HASENBECK
CHIEF FINANCIAL OFFICER
- Total calculated
- $195,881
- From this org
- $183,186
- From related orgs
- $0
- Other
- $12,695
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $168,749
- Bonus
- $14,378
- Other
- $59
- Deferred
- $2,534
- Nontaxable benefits
- $10,161
- Filer's total
- $195,881
-
Barbara GunterBARBARA GUNTER
VP OF HUMAN RESOURCES
- Total calculated
- $179,126
- From this org
- $165,844
- From related orgs
- $0
- Other
- $13,282
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $155,678
- Bonus
- $9,485
- Other
- $681
- Deferred
- $5,239
- Nontaxable benefits
- $8,043
- Filer's total
- $179,126
-
Amanda BanksAMANDA BANKS
VP OF OPERATIONS
- Total calculated
- $178,970
- From this org
- $159,221
- From related orgs
- $0
- Other
- $19,749
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $155,678
- Bonus
- $9,485
- Other
- -$5,942
- Deferred
- $5,449
- Nontaxable benefits
- $14,300
- Filer's total
- $178,970
-
Melissa RoundyMELISSA ROUNDY
VP OF LENDING
- Total calculated
- $171,139
- From this org
- $155,366
- From related orgs
- $0
- Other
- $15,773
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $146,338
- Bonus
- $8,761
- Other
- $267
- Deferred
- $5,122
- Nontaxable benefits
- $10,651
- Filer's total
- $171,139
-
Kimberly SeefeldKIMBERLY SEEFELD
VP OF MEMBER EXPERIENCE
- Total calculated
- $162,797
- From this org
- $155,625
- From related orgs
- $0
- Other
- $7,172
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $146,338
- Bonus
- $8,540
- Other
- $747
- Deferred
- $5,122
- Nontaxable benefits
- $2,050
- Filer's total
- $162,797
-
Leslie TibbettsLESLIE TIBBETTS
VP OF COMMERCIAL SERVICES
- Total calculated
- $159,864
- From this org
- $146,756
- From related orgs
- $0
- Other
- $13,108
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $143,405
- Bonus
- $14,009
- Other
- -$10,658
- Deferred
- $5,019
- Nontaxable benefits
- $8,089
- Filer's total
- $159,864
-
Moses HarvinMOSES HARVIN
DIRECTOR
- Total calculated
- $3,942
- From this org
- $3,942
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Linda DaleLINDA DALE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Betty DunnBETTY DUNN
FORMER CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Johnette GindlingJOHNETTE GINDLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James PlatmanJAMES PLATMAN
INTERIM CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne RainesSUZANNE RAINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- IN TAX YEAR 2022, COMMUNITY CREDIT UNION OF FLORIDA REIMBURSED TRAVEL EXPENSES FOR THE COMPANIONS TO BOARD VOLUNTEERS. THE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J.
- PART I, LINE 4B
- LAURIE CAPPELLI, CHIEF EXECUTIVE OFFICER, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2022 SPONSORED BY COMMUNITY CREDIT UNION OF FLORIDA. IN 2022, THERE WAS ONE DISTRIBUTION IN THE AMOUNT OF $200,000. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE CURRENT YEAR FORM 990, PART VII AND SCHEDULE J, PART II.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342759349300924
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