2025-11-03T16:16:08-06:00 2024-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2024-01-01 590690964 HELLO CREDIT UNION HELL 8507856103 601 HIGHWAY 231 PANAMA CITY FL 32405 MIKE AKERS PRESIDENT/CEO 8507856103 2025-11-03 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2025-11-03 2024 2025-03-06 01:10:19Z MIKE AKERS 601 HIGHWAY 231 PANAMA CITY FL 32405 9964143 0 X WWW.HELLO.COM X CREDIT UNION 1952 FL TO PROVIDE RESIDENTS OF BAY COUNTY WITH FINANCIAL AND DEPOSITORY SERVICES. 11 11 62 11 8088 0 251826 799700 6054543 6504599 650583 763377 1689352 1896467 8646304 9964143 0 0 0 0 2995359 2665256 0 0 0 4951555 6634608 7946914 9299864 699390 664279 167506584 163318016 148080088 142348271 19426496 20969745 TO PROVIDE RESIDENTS OF BAY COUNTY WITH FINANCIAL AND DEPOSITORY SERVICES. 0 0 CREDIT UNION PROGRAMS: THE CREDIT UNION PROVIDES A VEHICLE FOR SAVING IN THE FORM OF REGULAR SAVINGS ACCOUNTS, CERTIFICATES OF DEPOSIT, ETC. CREDIT UNION PROGRAM: THE CREDIT UNION PROVIDES LOANS IN THE FORM OF VISA CREDIT CARDS, MORTGAGES, LINES OF CREDIT AND CONSUMER LOANS. CREDIT UNION PROGRAM: THE CREDIT UNION PROVIDES LOW COST SERVICES SUCH AS SAFE DEPOSIT BOXES, CHECKING, OVERDRAFT PROTECTION, BILL PAY AND WIRE TRANSFER. 0 1 0 0 0 0 0 0 0 1 0 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 1 440 0 1 62 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X MIKE AKERS 8507856103 601 HIGHWAY 231 PANAMA CITY FL 32405 THOMAS JAMES VICE-CHAIRPERSON 1.00 X 0 0 0 RICHARD MAXWELL BOARD MEMBER 1.00 X 0 0 0 RAY GEIGER BOARD MEMBER 1.00 X 0 0 0 LANCE RODAN BOARD MEMBER 1.00 X 0 0 0 KELLI GARRETT BOARD MEMBER 1.00 X 0 0 0 JIM MANN SECRETARY 1.00 X 0 0 0 GARY D BLISS CHAIRPERSON 1.00 X 0 0 0 FORREST WATSON BOARD MEMBER 1.00 X 0 0 0 ERIC SESPICO TREASURER 1.00 X 0 0 0 CHARLES ATKINS BOARD MEMBER 1.00 X 0 0 0 AMY TOPOL BOARD MEMBER 1.00 X 0 0 0 STEFANIA JONES VP/CFO 40.00 X 174234 0 17360 MICHAEL AKERS PRESIDENT/CEO 40.00 X 214227 0 30093 388461 0 47453 2 0 1 0 0 799700 799700 LOAN INTEREST INCOME 522100 6504599 6504599 6504599 763377 763377 OTHER INCOME 522100 1888379 1888379 FOREIGN ATM FEE INCOME 522100 8088 8088 1896467 9964143 8392978 8088 763377 435912 1952689 276655 236708 96460 99933 263156 517001 750788 177075 8928 36009 1320602 712181 82418 PROVISION FOR LOAN LOSS 1433899 ATM EXPENSE 276477 VISA/MASTERCARD EXPENSE 253886 LOAN SERVICING 64984 304103 9299864 7503870 7391794 32959019 30025589 109363457 107503939 5607282 6188841 8914946 3217369 6152697 5697577 447317 274407 5472942 6235869 167506584 163318016 5054299 4252857 143025789 138095414 148080088 142348271 X 0 0 0 0 19426496 20969745 19426496 20969745 167506584 163318016 X 664279 551344 327626 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 683938 683938 6339657 1781225 4558432 1891351 1436144 455207 5697577 MEMBER DEPOSIT ACCOUNTS 138095414 138095414 X 9964143 0 9964143 0 9964143 9299864 0 9299864 0 9299864 PART X, LINE 2: PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES, REQUIRE VALUATION OF UNCERTAINTY IN INCOME TAXES FOR POTENTIAL FINANCIAL STATEMENT DISCLOSURE. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE CREDIT UNION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. X X 1 1 X 0 0 0 MICHAEL AKERS PRESIDENT/CEO 193477 0 20750 0 0 0 6865 0 23228 0 244320 0 0 0 STEFANIA JONES VP/CFO 159234 0 15000 0 0 0 5507 0 11853 0 191594 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION'S MEMBERSHIP FOR THREE-YEAR TERMS. THE CHAIRMAN OF THE BOARD APPOINTS A NOMINATING COMMITTEE WHO WILL NOMINATE AT LEAST ONE PERSON FROM THE MEMBERSHIP FOR EACH VACANCY FOR WHICH ELECTIONS ARE BEING HELD. MEMBERS MAY ALSO BE NOMINATED BY PETITION. FORM 990, PART VI, SECTION B, LINE 11B OUR CPA FIRM COMPLETES THE 990 IN CONJUNCTION WITH OUR ACCOUNTING DEPARTMENT. IT IS THEN SUBMITTED TO OUR PRESIDENT/CEO AND VP OF FINANCE FOR THEIR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C OFFICIALS, OFFICERS, MANAGEMENT, AND STAFF ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. ALL INSIDERS RECEIVE SERVICES UNDER THE SAME TERMS AS ANY MEMBERS. MANAGEMENT PERFORMS A REVIEW OF POTENTIAL VENDORS PRIOR TO CONTRACTING FOR SERVICES. THIS REVIEW WOULD IDENTIFY POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVE THE SALARY OF THE CREDIT UNION'S PRESIDENT/CEO. THE PRESIDENT/CEO APPROVES ALL EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PROVIDED TO MEMBERS AT THE CREDIT UNION'S ANNUAL MEETING EACH MARCH AND TO DUNN & BRADSTREET ANNUALLY IN DECEMBER. FORM 990, PART XI, LINE 9: FASB ASC 715 PENSION LIABILITY ADJUSTMENT 327,626. FORM 990, PART XII, LINE 2(C) THE CREDIT UNION HAS AN AUDIT COMMITTEE COMPRISED OF FOUR VOLUNTEERS WHO ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS.