Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $26,815,000 · related or exempt $26,815,000

• 2b · Program service revenue: FEES/CHARGES/OTHER

  total $6,751,840 · related or exempt $6,751,840

• 2c · Program service revenue: FINANCE AND INSURANCE

  total $7,013 · unrelated business $7,013

• 3 · Investment income

  total $5,249,374 · related or exempt $5,249,374

• 6a · Gross rents

  real property $150,229

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $150,229

• 6d · Net rental income or loss

  total $150,229 · related or exempt $150,229

• 11a · Other revenue: OTHER OPERATING INCOME

  total $6,836,643 · related or exempt $6,836,643

• 11e · Other revenue, total

  $6,836,643

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,104,618

• 7 · Other salaries and wages

  total $10,874,516

• 9 · Other employee benefits

  total $2,266,691

• 10 · Payroll taxes

  total $823,381

• 11b · Fees: legal

  total $250,761

• 11c · Fees: accounting

  total $31,762

• 11f · Fees: investment management

  total $10,752

• 11g · Fees: other

  total $3,854,874

• 12 · Advertising and promotion

  total $2,219,561

• 13 · Office expenses

  total $1,144,159

• 14 · Information technology

  total $2,980,854

• 16 · Occupancy

  total $626,538

• 17 · Travel

  total $175,086

• 19 · Conferences, conventions and meetings

  total $84,433

• 20 · Interest

  total $6,504,003

• 21 · Payments to affiliates

  total $130,248

• 22 · Depreciation, depletion and amortization

  total $1,563,192

• 23 · Insurance

  total $264,889

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $7,331,936

• 24b · Other expenses: VISA/DEBIT FEES/CHARGES

  total $4,053,941

• 24c · Other expenses: LOAN SERVICING

  total $3,249,264

• 24d · Other expenses: EQUIPMENT RENTAL/MAINTE

  total $3,067,393

• 24e · All other expenses

  total $2,934,145

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,366,807 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $43,619,433 · end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $9,725,743 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $12,467,795 · end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $607,346,275 · end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,460,894 · end of year $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $22,500,623 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $96,187,153 · end of year $0

• 12 · Investments: other securities

  beginning of year $11,542,465 · end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $25,685,479 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $16,655,443

• 24 · Unsecured notes and loans payable

  beginning of year $15,000,000

• 25 · Other liabilities

  beginning of year $742,230,981 · end of year $0

• 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 $66,016,243 · end of year $0

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION DOES HAVE POLICIES IN PLACE FOR COMPANION TRAVEL AND SOCIAL CLUB DUES. NO POLICY FOR GROSS UP PAYMENTS.

PART I, LINE 4B

DARRYL WORRELL PARTICIPATES IN A SECURED SPLIT DOLLAR PROGRAM WHERE BY ENVISION CREDIT UNION LOANS THE OFFICER FUNDS FOR THE PURCHASE OF TWO LIFE INSURANCE POLICIES. THE FIRST POLICY IS KNOWN AS THE REPAYMENT POLICY AND IS DESIGNED TO REPAY THE CREDIT UNION THE AMOUNT OF THE LOAN PLUS INTEREST UPON THE DEATH OF THE INSURED. THE PURPOSE OF THE SECOND POLICY IS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. DARRYL WORRELL RECEIVED A BENEFIT PAYOUT ($426,722) FROM HIS RETENTION AGREEMENT WITH ENVISION CREDIT UNION. THE BENEFIT WAS FULLY ACCRUED BY ENVISION CREDIT UNION. PAYMENT OCCURED DURING APRIL 2025. THE EARNINGS WERE REPORTED BY ADDITION FINANCIAL CREDIT UNION VIA FORM 1099-MISC. THIS COMPENSATION IS INCLUDED IN TOTAL COMPENSATION REPORTED IN PART VII.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 1ST MEMBER INSURANCE GROUP

  INSURANCE & FINANCIAL PLAN · FL · income -$5,407 · assets $221,286

  Directly controlled by ENVISION CREDIT UNION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• IDRIVE LENDING LLC

  RELATED · INDIREDCT AUTO LENDING · FL · 33.4% owned · share of income $86

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• UNITED SOLUTIONS COMPANY

  C · CU SERVICES · FL · 67.79% owned · share of income $727,788 · share of assets $8,437,758