Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $12,154,706 · related or exempt $12,154,706

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

  total $5,335,231 · related or exempt $5,335,231

• 2c · Program service revenue: FINANCE & INSURANCE

  total $34,968 · unrelated business $34,968

• 3 · Investment income

  total $4,523,522 · related or exempt $4,523,522

• 7a · Gross sales of assets other than inventory

  securities $2,080,000

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

  securities $2,039,654

• 7c · Gain or loss

  securities $40,346

• 7d · Net gain or loss

  total $40,346 · related or exempt $40,346

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,466,885

• 7 · Other salaries and wages

  total $5,486,888

• 8 · Pension plan contributions

  total $746,614

• 9 · Other employee benefits

  total $839,123

• 10 · Payroll taxes

  total $528,812

• 11a · Fees: management

  total $101,939

• 11b · Fees: legal

  total $170,358

• 11c · Fees: accounting

  total $91,716

• 11g · Fees: other

  total $165,714

• 12 · Advertising and promotion

  total $595,345

• 13 · Office expenses

  total $1,021,540

• 14 · Information technology

  total $141,975

• 16 · Occupancy

  total $670,960

• 17 · Travel

  total $82,213

• 19 · Conferences, conventions and meetings

  total $13,789

• 20 · Interest

  total $1,115,408

• 22 · Depreciation, depletion and amortization

  total $899,526

• 23 · Insurance

  total $198,718

• 24a · Other expenses: SHARE/DEBIT/CREDIT CARD

  total $1,792,303

• 24b · Other expenses: MAINTENANCE AND REPAIRS

  total $1,382,247

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $703,220

• 24d · Other expenses: CREDIT AND COLLECTION E

  total $640,010

• 24e · All other expenses

  total $964,573

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,297,625 · end of year $3,384,803

• 2 · Savings and temporary cash investments

  beginning of year $90,816,324 · end of year $18,490,585

• 4 · Accounts receivable

  beginning of year $46,527 · end of year $1,635,559

• 7 · Other notes and loans receivable

  beginning of year $315,310,043 · end of year $399,406,480

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,820,547 · end of year $8,923,161

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

  $30,222,907

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

  $8,753,199

• 10c · Land, buildings and equipment, net

  beginning of year $21,760,089 · end of year $21,469,708

• 11 · Investments: publicly traded securities

  beginning of year $153,703,637 · end of year $113,555,260

• 12 · Investments: other securities

  beginning of year $1,389,961 · end of year $1,285,346

• 15 · Other assets

  beginning of year $23,208,256 · end of year $23,461,426

• 17 · Accounts payable and accrued expenses

  beginning of year $3,923,391 · end of year $6,117,082

• 25 · Other liabilities

  beginning of year $581,788,128 · end of year $578,109,531

• 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 $34,641,490 · end of year $7,385,715

The filer's explanations (Part III)

PART I, LINE 4B

DURING 2022, LAIDA GARCIA (PRESIDENT & CEO) RECEIVED A 457(F) BENEFIT PAYOUT OF $336,981.

Related corporations and trusts

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

• MEMBER SERVICES CORPORATION

  C · CREDIT UNION SUPPORT SERVICE · FL · 100% owned · share of income -$58,343 · share of assets $911,190 · controlled entity

  Directly controlled by FLORIDA CENTRAL CREDIT UNION