Fairwinds Credit Union-Fl State Charter
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lefile GRAPHIC rint - DO NOT PROCESS I As Filed Data - I DLN: 93493296016037 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501(c ), 527, or 4947 ( a)(1) of the Internal Revenue Code ( except private foundations) 2016 ► Do not enter social security numbers on this form as it may be made public Department of the Trea,un Information about Form 990 and its instructions is at www IRS gov/form990 Internal Rey enue ',en ice ► A For the 2016 calendar year, or tax year be g innin g 01-01-2016 , and ending 12-31-2016 C Name of organization B Check if applicable D Employer identification number FAIRWINDS CREDIT UNION-FL STATE CHARTER 71 Address change 11-1644012 q Name change q Initial return Doing business as Final - I n/Lei I III naLeu Ieiepnune nurnuer Number and street (or P O box if mail is not delivered to street address) Room/suite q Am ended return 135 W CENTRAL BLVD NO 1220 (407) 277-6030 q Application pending City or town, state or province, country, and ZIP or foreign postal code ORLANDO, FL 32801 G Gross receipts $ 107, 243,251 F Name and address of principal officer H(a) Is this a group return for LARRY F TOBIN 135 W CENTRAL BLVD subordinates? No ORLANDO, FL 32801 H(b) Are all subordinates included? q Y es o I Tax-exempt status q 501(c)(3) R 501(c) ( 14 ) A (insert no ) q 4947(a)(1) or q 527 If "No," attach a list (see instructions) H(c) Group exemption number 2106 J Website : ► WWW FAIRWINDS ORG ► q q q L Year of formation 1949 M State of legal domicile FL K Form of organization 9 Corporation Trust Association Other ► ELi^ Summary 1 Briefly describe the organization's mission or most significant activities THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGA NIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AM OUNG ITS MEMBERS, CREATING SO URCES OF CREDIT w AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CO NTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION ti P q 2 Check this box ► if the organization discontinued its operations or disposed of more than 25% of its net assets 3 Number of voting members of the governing body (Part VI, line 1a) . 3 7 v. 4 Number of independent voting members of the governing body (Part VI, line 1b) 4 7 5 Total number of individuals employed in calendar year 2016 (Part V, line 2a) 5 682 6 Total number of volunteers (estimate if necessary) . 6 10 7a Total unrelated business revenue from Part VIII, column (C), line 12 . 7a 2,686,728 b Net unrelated business taxable income from Form 990-T, line 34 . 7b -1,994,048 Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) 0 0 9 Program service revenue (Part VIII, line 2g) . 82,043,993 93,779,492 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d . 10,112,982 10,759,835 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 3,159,911 2,686,728 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) 95,316,886 107,226,055 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3 . 0 0 14 Benefits paid to or for members (Part IX, column (A), line 4) . 0 0 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 40,073,837 42,336,867 16a Professional fundraising fees (Part IX, column (A), line 11e) 0 0 b Total fundraising expenses (Part IX, column (D), line 25) 17 Other expenses (Part IX, column (A), lines 11a-11d, llf-24e) . 39,459,631 45,629,130 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 79,533,468 87,965,997 19 Revenue less expenses Subtract line 18 from line 12 15,783,418 19,260,058 Beginning of Current Year End of Year 'M 20 Total assets (Part X, line 16) 1,925,920,703 2,077,252,101 a g 21 Total liabilities (Part X, line 26) . 1,744,014,373 1,876,007,307 Zu. 22 Net assets or fund balances Subtract line 21 from line 20 181 906 330 201 244 794 Signature Block Under penalties of perjury, I declare that I have examined this return, inclu knowl edge and belief, it is true, correct, and complete Declaration of prepa an y knowled g e Signature of officer Sign Here KATHY A CHONODY SENIOR EXECUTIVE VP/CFO Type or print name and title Print/Type preparer's name Preparer's signature ROBERT PARKS CPA ROBERT PARKS CPA Paid Preparer Firm's name ► DOEREN MAYHEW Use Only Firm's address ► 305 WEST BIG BEAVER ROAD TROY, MI 48084 May the IRS discuss this return with the preparer shown above? (see instrut For Paperwork Reduction Act Notice, see the separate instructio Form 990 (2016) Page 2 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III . 1 Briefly describe the organization's mission THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMOUNG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ'' . q Yes R No If "Yes," describe these new services on Schedule 0 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? . q Yes R No If "Yes," describe these changes on Schedule 0 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported 4a (Code ) (Expenses $ including grants of $ ) (Revenue $ See Additional Data 4b (Code ) (Expenses $ including grants of $ ) (Revenue $ See Additional Data 4c (Code ) (Expenses $ including grants of $ ) (Revenue $ See Additional Data 4d Other program services (Describe in Schedule 0 (Expenses $ including grants of $ ) (Revenue $ 4e Total program service expenses 11o, Form 990 (2016) Form 990 (2016) Page 3 OffSTM Checklist of Req uired Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete No Schedule A . 1 2 Is the organization required to complete Schedule B, Schedule ofContrbutors (see instructions)? 2 No 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates No for public office? If "Yes," complete Schedule C, Part I . 3 4 Section 501(c )( 3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes, " complete Schedule C, Part II . 4 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes, " complete Schedule C, Part III . 5 No 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes, " complete Schedule D, Part I . 6 No 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II 1i . 7 No 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes, " complete Schedule D, Part III . 8 No 9 Did the organization report an amount in Part X, line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling, debt management, credit repair, or debt negotiation No services7If "Yes," complete Schedule D, Part IV °^ . 9 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, 10 No permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V 1i . 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? Yes If "Yes, " complete Schedule D, Part VI °?j . h a b Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII 1i . llb No c Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 167 If "Yes," complete Schedule D, Part VIII tj .