Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBER LOAN INTEREST

  total $59,423,466 · related or exempt $59,423,466

• 2b · Program service revenue: SERVICE CHARGES AND FEES

  total $4,378,144 · related or exempt $4,358,309 · unrelated business $19,835

• 2c · Program service revenue: INTERCHANGE INCOME

  total $3,716,258 · related or exempt $3,716,258

• 2d · Program service revenue: OTHER NONOPERATING INCOME

  total $1,326,502 · related or exempt $1,326,502

• 3 · Investment income

  total $9,846,891 · excluded $9,846,891

• 7a · Gross sales of assets other than inventory

  other assets $42,823

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $42,823

• 7d · Net gain or loss

  total $42,823 · excluded $42,823

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,308,396

• 7 · Other salaries and wages

  total $10,666,352

• 8 · Pension plan contributions

  total $1,165,937

• 9 · Other employee benefits

  total $1,941,823

• 10 · Payroll taxes

  total $938,050

• 11a · Fees: management

  total $653,149

• 11b · Fees: legal

  total $175,566

• 11c · Fees: accounting

  total $211,588

• 11d · Fees: lobbying

  total $2,979

• 12 · Advertising and promotion

  total $1,350,808

• 13 · Office expenses

  total $4,059,267

• 14 · Information technology

  total $2,746,484

• 16 · Occupancy

  total $1,203,898

• 17 · Travel

  total $96,996

• 19 · Conferences, conventions and meetings

  total $99,788

• 20 · Interest

  total $2,929,017

• 21 · Payments to affiliates

  total $132,444

• 22 · Depreciation, depletion and amortization

  total $1,370,848

• 23 · Insurance

  total $283,413

• 24a · Other expenses: DIVIDENDS PAID TO MEMBE

  total $31,849,119

• 24b · Other expenses: PROVISION FOR CREDIT LO

  total $6,339,400

• 24c · Other expenses: LOAN SERVICING

  total $2,814,384

• 24d · Other expenses: FRAUD EXPENSE

  total $535,918

• 24e · All other expenses

  total $444,598

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,990,422 · end of year $6,597,402

• 2 · Savings and temporary cash investments

  beginning of year $82,354,917 · end of year $123,211,463

• 7 · Other notes and loans receivable

  beginning of year $948,205,123 · end of year $1,015,571,492

• 9 · Prepaid expenses and deferred charges

  beginning of year $29,330,384 · end of year $31,972,412

• 10a · Land, buildings and equipment: cost or other basis

  $36,902,611

• 10b · Land, buildings and equipment: accumulated depreciation

  $13,307,189

• 10c · Land, buildings and equipment, net

  beginning of year $23,994,055 · end of year $23,595,422

• 12 · Investments: other securities

  beginning of year $176,208,152 · end of year $157,340,957

• 15 · Other assets

  beginning of year $12,647,484 · end of year $13,974,125

• 17 · Accounts payable and accrued expenses

  beginning of year $12,510,876 · end of year $9,088,156

• 21 · Escrow or custodial account liability

  beginning of year $1,773,502 · end of year $1,831,938

• 23 · Secured mortgages and notes payable

  beginning of year $66,500,000 · end of year $60,000,000

• 25 · Other liabilities

  beginning of year $1,057,213,739 · end of year $1,155,144,673

• 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 $140,732,420 · end of year $146,198,506

The filer's explanations (Part III)

PART I, LINE 1A

IN TAX YEAR 2024, COMMUNITY CREDIT UNION OF FLORIDA REIMBURSED TRAVEL EXPENSES FOR THE COMPANIONS TO MOSES HARVIN, DIRECTOR. 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 SPONSORED BY COMMUNITY CREDIT UNION OF FLORIDA IN 2024. IN 2024, THERE WAS A DISTRIBUTION OF $365,079. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE CURRENT YEAR FORM 990, PART VII, AND SCHEDULE J, PART II.