2018 ANNUAL REPORT Table of Contents

In this report, we share From the Chairman...... 2-3 information and pictures from The National Credit Union Administration has added Hamilton, Lafayette, Suwannee, all of the counties SunState and Union Counties to the SunState Federal Credit Union field of membership.The Federal Credit Union serves1. SunState Federal Credit Union field of membership is: From the President...... 4-5

Persons who live, work (or regularly conduct business in), worship, attend school, or Supervisory Committee Report...... 6 participate in associations headquartered in the rural district of Alachua, Columbia, Dixie, County Page# Gilchrist, Hamilton, Lafayette, Levy, Suwannee, or Union Counties, Florida; persons Treasurer’s Report...... 7 Alachua...... 2-3 participating in programs to alleviate poverty or distress which are located in the rural Columbia...... 4-5 district of Alachua, Columbia, Dixie, Gilchrist, Hamilton, Lafayette, Levy, Suwannee, or Statement of Financial Condition...... 8 Dixie...... 6-7 Union Counties, Florida; incorporated and unincorporated organizations located in or Gilchrist...... 8-9 maintaining a facility in the rural district of Alachua, Columbia, Dixie, Gilchrist, Hamilton, Statement of Income and Expense...... 9 Hamilton...... 10-11 Lafayette, Levy, Suwannee, or Union Counties, Florida; Lafayette...... 12-13 Graphs...... 10-11 Levy...... 14-15 Suwannee...... 16-17 Employee Recognition...... 12-13 Union...... 18-19

SunState in the Community...... 14-15

Volunteer Appreciation...... 16

Around the Branches...... 17

Board of Directors...... 18

Supervisory Committee & Management Team...... 19

1Information in this report about individual counties was pulled from U.S. Census data, the internet, and other sources. While we are relatively certain the information is true and accurate, we have not exhaustively verified it as such. Readers are cautioned against stating the county specific information as being factual without further verification on their part. 1 From the Chairman...

Founded: February 29, 1824 • When Alachua County was created it stretched from the border with Georgia, south to Population: 266,944 As your board Chair, I couldn’t be happier as I look back Physical branches and improved technologies require significant capital expenditures… Charlotte Harbor. The original over 2018 in regards to the accomplishments of our and that brings me to your credit union’s current financial state of well-being, SunState county seat was Wanton (current Median Age: 31.3 SunState Federal Credit Union; nor could I be more excited Federal Credit Union continues to excel financially to the extent that we were recognized day Micanopy). looking forward. nationally in 2018 on multiple levels. We earned a Raddon Financial Group Crystal • In 1828, the county seat was Size: 969 square miles Award due to our continued excellent financials balanced against our outstanding moved to Newnansville, located Topping the list as a huge accomplishment during 2018, record of member service; basically, we were able to generate significant income, while near the current site of the city of was approval by the National Credit Union Administration of our field of membership Cities/Towns: providing our membership with excellent rates and a more affordable fee structure than Alachua. expansion request. Unlike a bank with no specifically regulated limits on who they Alachua, Archer most credit unions. Member growth, loan portfolio growth, and net income for 2018 • In the late 1800s, the citrus can serve or where they can choose geographically to do business, credit unions Gainesville, Hawthorne were all outstanding. We also were recognized as ranking 30th among all credit unions industry thrived in the area. The are limited by the federal government as to who can join and take advantage of High Springs, LaCrosse worldwide in the number of followers/likes on our Facebook page. great freeze of 1894 shut down membership. The definition of who is allowed to join a credit union is known as that Micanopy, Newberry the citrus industry in Alachua particular credit union’s Field of Membership. Since the late 1990’s, the core field I could not be prouder of our credit union, our board, our management team, and our County; before that, six million Waldo of membership of SunState Federal Credit Union has been people and entities staff. While many credit unions seem to have forgotten that a great balance sheet is barrels of fruit were shipped to (basically businesses/organizations) who live, work, worship, attend school, or not the only thing to strive for, SunState, YOUR SunState, has not. As you read through market. County Seat: regularly conduct business in Alachua, Columbia, Dixie, Gilchrist, or Levy County, this report, you will see and understand that we are not just about money. We are about • Micanopy is the oldest inland Gainesville Florida. The expansion request, approved in late 2018, adds Hamilton, Lafayette, people and communities and making a difference every day. town in Florida. Suwannee, and Union Counties to that list. We are excited to now offer SunState • By 1896, there were fourteen membership to those associated with these additional counties. Median Household Income: $45,478 At SunState Federal Credit Union, we make money not because that is our goal; phosphate mines operating but because we need it in order to make your lives, and the lives of others in the near Newberry. The demand For 2019, we are currently planning for two new branches, one in Cross City, and Percent High School Graduate or communities we serve, better. for phosphate ended abruptly in the other in Live Oak. Cross City currently has no credit union branch from any Higher: 92.10% 1914, when war was declared credit union, while Live Oak currently has only one small credit union location, with From myself and the rest of the directors, thank you for electing us and allowing us against Germany, their principal that credit union serving a very limited group of members. The opening of these two Median Housing Value: $167,000 to serve you as part of the outstanding institution and community resource that is customer. branches will bring convenient credit union access to thousands of people in need SunState Federal Credit Union. • Hawthorne was originally called of our affordable products and services. Total Housing Units: 115,282 Jamestown. Both names were in honor of James M. Hawthorne, a In addition to those two physical branch locations, we will continue working to local land owner. Median Rent: $916 improve our online presence and online/mobile banking offerings. We realize that to • Archer started in the 1840s, as stay relevant and to continue being a valuable resource for our members, it will take a frontier village named Deer Households with a Computer: 89% both the convenience of efficient and constantly improving online banking options/ Cynthia S. Brochu Hammock or Darden’s Hammock. services, as well as a continued easy access to our representatives both by phone Chairman • High Springs was originally Orion, and in person. Number of Companies: 20,110 until the local post office changed its name in 1888. Veterans: 15,456

Households with broadband Poe Springs State Park La Chua Trail Devils Millhopper Ben Hill Griffin Stadium Gainesville- Hawthorne Trail internet subscription: 81.4%

Hippodrome State Theatre 2 3 From the President... Founded: February 4, 1832 of the matter is that what you see on those pages barely scratches the surface • Lake City first began as the of our community service in 2018. town of Alligator in 1821, near Population: 69,612 Every year, as the holidays wind down and the the Seminole settlement known new year kicks off, the SunState Federal Credit As extensive as the credit union’s support of the many organizations helping out as Alligator Village. Median Age: 40.7 Union management team reflects back over our in our communities has been, and as proud as I am of our staff and volunteers • Alligator became the seat of activities and successes, and yes, in some cases, Columbia County in 1832, in regards to that support, it is just a footnote, an add-on if you will, to our most when it was formed from Size: 801 square miles setbacks, of the previous 12 months. This year is important reason for being. That deepest purpose and obligation we feel towards portions of Duval and Alachua no different. Fortunately, for us as management the communities of North Central Florida, is our direct service to the thousands Counties. Cities/Towns: of the credit union, and you as members, this has of men, women, and children who call themselves members; SunState Federal • In 1858, Alligator was Lake City turned into a routinely pleasant experience year Credit Union Members. Myself and our entire staff, are proud to serve as a incorporated and renamed Fort White after year. Throughout this report, you will read about our consistent and trusted partner and resource for your everyday financial dealings, trials and Lake City. The name was Branford balanced growth, as well as our commitment to the communities we serve. tribulations. changed because the mayor’s As much of our advertising stated during 2018, when I hear people mention wife, who had recently moved County Seat: SunState Federal Credit Union, and when I look at myself in the mirror every As the President and CEO of SunState Federal Credit Union, and on behalf of to the town, refused to hang Lake City morning preparing to come to work, I proudly tell myself, “SunState, that’s our entire staff, I am proud to thank you for the opportunity to try every day to her lace curtains in a town named Alligator. MY credit union”. I am proud, and you should be, too, of what our credit make your life a little better. Without you, the members, each and every one of • The largest American Civil War Median Household Income: $43,504 union represents. you, none of what we do could happen. battle in Florida took place near Lake City, the Battle of Percent High School Graduate or Too often, success in the financial world is measured solely in black or red, Enjoy the great news shared throughout this annual report; I hope it makes you Olustee, in 1864. Higher: 87% dollars and cents. While our balance sheets certainly indicate SunState has as proud of our credit union as I am. • The Blanche Hotel in Lake been financially successful year after year, I am most proud of us because City is famous for housing the Median Housing Value: $112,500 of our involvement in the community; the involvement not only of SunState notorious mobster Al Capone. as an institution, but the involvement of our employees and volunteers as • One of the four schools that Total Housing Units: 28,806 individuals, too. formed the University of Florida was originally located in Lake Median Rent: $797 SunState in the Community is the title of pages 14 and 15 of this report. Joseph L. Akins City before consolidation to Gainesville in 1905. On those pages, you’ll read about our employee payroll deduction program President/CEO Number of Companies: 4,574 and the thousands of dollars generated through that program for worthwhile causes right here in North Central Florida. You’ll see a list of charities/ Veterans: 7,451 organizations we helped this past year through our Charity of the Month Facebook program. Our annual golf tournament fundraiser and our work at Households with a Computer: 85.5% the Ronald McDonald House are specifically mentioned, as well. The truth

Households with broadband internet subscription: 73.1% Rum Island Park Lake City Columbia County Alligator Lake Ichetucknee Springs State Park Osceola National Forest Historical Museum

4 Olusteee Battlefield State Park 5 From the Treasurer... From the Supervisory Founded: April 25, 1921 Committee... • In April of 1818, General Andrew Jackson led the largest army Population: 16,084 ever to invade Florida to the Old Town area. Their mission Median Age: 46.3 Net membership increased 2,000 for a total membership was to push the Indians south The Supervisory Committee engaged the services of 35,755. Member share deposits grew $26.8 million of the Suwannee River in what is known as the “Battle of Old Size: 875.2 square miles of a CPA firm experienced in the auditing of federally reaching a total of $391.4 million. Asset growth is a direct chartered credit unions to audit the financial statements result of member share growth and ended the year at Town.” Jackson pursued Chief and books of SunState Federal Credit Union and to $445.2 million, an increase of $30.2 million. Billy Bowlegs through the woods Cities/Towns: express an opinion therein for the fiscal year ended on June 30, 2018. and eventually met him in battle Cross City, Old Town, Jena Loan growth outpaced share growth for the first time in four years. A net growth of again along the Coast of Dixie Horseshoe Beach, Suwannee The auditor stated the financial statements present fairly all material aspects of $45.5 million in loans resulted in a year-end total of $363.2 million. The increased County, at Bowlegs Point, near the financial position of SunState Federal Credit Union as of June 30, 2018, and loan demand was funded from investments, which decreased $15.6 million. Our Jena. Bowlegs and his depleted County Seat: the results of its operations and cash flows were in conformity with the “Generally loan to average shares ratio stood at 94.69%. Thus, for every $1 deposited by our forces were captured at the Cross City Accepted Accounting Principles” accepted in the United States of America. members, 94 cents is loaned out to our members. southern end of Big Rocky Creek. This campaign ended the Indian wars in this part of Median Household Income: $35,910 Based on the auditors opinion, the Supervisory Committee advises that SunState Our membership was paid $1.5 million in dividends, with rates increasing over the Federal Credit Union is in a fiscally sound position and is in conformity with last year. Interest on loans and investments increased $1.9 million and provision Florida. The area around Big for loan losses decreased $0.5 million. Non-interest income increased $0.7 million Rocky Creek is associated with Percent High School Graduate or NCUA financial requirements as of June 30, 2018. while non-interest expenses grew $1.5 million. Net income increased $856,043 a story that pirate gold was 79.10% Higher: year over year. Our net worth grew from 11.15% to 11.49%. buried there. • Before becoming Cross City, the Median Housing Value: $71,600 town was called Cross Roads, because it was the place where Total Housing Units: 9,431 Louis Frost the Old Spanish Trail from Chairman, Supervisory Committee Calvin DeCoursey Pensacola to St. Augustine Median Rent: $661 Treasurer crossed the Old Salt Road from Madisonville to Horseshoe Beach. Number of Companies: 820

Veterans: 1,801 Mobile Deposits Number of teller Number of Members Total Shares Households with a Computer: 69.50% 2017 2018 transactions 2017 2018 2017 2018 41,097 45,228 2017 2018 33,755 35,755 $364,633,882 $391,463,357 Households with broadband 611,260 646,948 internet subscription: 44.40% Horseshoe Beach Shired Island Beach

Lower Suwannee National 6 City of Hawkinsville Nature Coast State Trail Wildlife Refuge Dixie County Cultural Center 7 Statement of Financial Condition Statement of Income & Expense

CONSOLIDATED STATEMENT OF FINANCIAL CONDITION SUNSTATE FEDERAL CREDIT UNION Founded: December 4, 1925 CONSOLIDATED STATEMENT OF INCOME & EXPENSE • There is only one traffic light AS OF DECEMBER 31, 2018 AND 2017 in the entire county. YEARS ENDED DECEMBER 31, 2018 AND 2017 Population: 17,743 • Fanning Springs is one of ASSETS 2018 2017 only 3 towns in Florida to lie in more than one county. Median Age: 42.3 Net Loans to Members $ 363,197,177 $ 317,682,678 INTEREST INCOME 2018 2017 Interest on Loans $ 17,256,415 $ 15,931,442 • Gilchrist County was the last Cash 3,428,231 3,743,874 county organized in Florida. Size: 355 square miles Investments & Overnight Accounts 50,534,278 66,133,920 Interest on Investments 1,918,156 1,300,038 • The popular story of how Fixed Assets, Net 15,541,082 16,173,659 19,174,571 17,231,480 Gilchrist County came into Cities/Towns: being, concerns a bluff by Bell Other Assets 12,556,348 11,295,683 citizens in the western part INTEREST EXPENSE Fanning Springs Total Assets $ 445,257,116 $ 415,029,814 of Alachua County. The Trenton Dividends 1,466,759 1,001,402 citizens in what was called Interest on Borrowed Funds 618,064 304,035 “The West End” wanted a LIABILITIES & EQUITY road from the Suwannee County Seat: Other Liabilities $ 4,111,589 $ 5,603,705 2,084,823 1,305,437 Trenton River at Fanning Springs to Member Shares 391,453,356 364,633,882 Gainesville, the county seat Reserves & Undivided Earnings 49,692,171 44,792,227 Net Interest Income 17,089,748 15,926,043 of Alachua County. When the Median Household Income: $42,934 County Commission refused Total Liabilities & Equity $ 445,257,116 $ 415,029,814 Provision for Loan Losses 1,657,193 2,125,442 to build the road, the citizens Percent High School Graduate in the western part drew up or Higher: 84.50% Net Interest Income After Provision for Loan Losses 15,432,555 13,800,601 plans for a new county and presented it to the Alachua Median Housing Value: $96,700 County Commission. • Bell was founded in the Non Interest Income 7,782,993 7,056,154 1890s, named after a beauty Total Housing Units: 7,518 Members receiving Number of Checks contest winner, Bell Fletcher. eStatements Processed Non Interest Expense Median Rent: $632 2017 2018 2017 2018 Compensation and Employee Benefits 9,743,485 8,802,510 660,157 621,053 Office Occupancy 1,148,154 1,102,828 742 14,713 17,007 Number of Companies: Other Operating Expenses 7,425,117 6,962,630 Auto Loan Portfolio Non Operating Gains(Losses) (38,023) 15,939 Veterans: 1,563 Members Signed eBanking 2017 2018 up for Bill Payment Transactions $92,324,663 $111,310,434 Households with a Computer: 78.20% 2017 2018 2017 2018 NET INCOME $ 4,860,769 $ 4,004,726 9,222 10,671 895,818 1,305,469 Households with broadband internet subscription: 62.50% Hart Springs Park Santa Fe River Blue Springs State Park Ginnie Springs

8 Fanning Springs Historic Train Depot 9 SunState Federal Credit Union SunState Federal Credit Union Founded: December 26, 1827 • It is the only county in Florida ASSETS NET LOANS that doesn’t touch the rest Population: 14,799 of Florida. On the east and $445.3 $500 $415.0 $500 south it is bordered by the $363.2 Suwannee River, and on the Median Age: 40.9 $340.3 $400 $400 $317.7 west it is bordered by the $262.9 $265.1 Withlachoochee River. To the Size: 519 square miles $300 $300 $187.1 north is the Georgia state line. Millions $200 Millions $200 • “Upper Mineral Springs” later $110.8 Cities/Towns: $78.2 renamed, White Springs is $100 $57.1 $100 Jasper $17.9 $11.7 $31.5 the original tourist attraction White Springs in Florida. In the early 1800’s $0 $0 Jennings pioneers and settlers came to soak in the sulfur springs. County Seat: • Big Shoals is home to Florida’s Jasper largest white water rapids. When the water level on the Suwannee River is between Median Household Income: $36,209 SunState Federal Credit Union 59 & 61 feet above mean sea SunState Federal Credit Union level, the Big Shoals rapids Percent High School Graduate MEMBERS SHARES earn a Class III Whitewater or Higher: 75.40% classification. 40,000 35,755 $391.5 • Between 2000 & 2010 33,755 $400 $364.6 Median Housing Value: $73,500 29,983 Hamilton County saw its $299.6 30,000 25,612 25,558 population increase 155.4%. $300 Total Housing Units: 5,814 $235.1 • The junction of the Withlacoochee and Suwannee 20,000 14,284 Millions $200 rivers was an important point Median Rent: $576 Millions 7,246 $96.5 of commerce. In the 1800s, 10,000 $100 $51.3 both rivers were used as Number of Companies: 521 $16.6 major commercial routes, 0 $0 and steamboats were a Veterans: 1,012 common sight as they carried passengers, freight and mail. Households with a Computer: 76.70%

Households with broadband internet subscription: 61.60%

10 Merging of the Suwanee & 11 Big Shoals River Rapids Withlachoochee Rivers Alapaha River Stephen Foster Memorial Hamilton County Court House Spring House Employees with 20 or more years of service

Founded: December 23, 1853 • It is the second-least populous county in Florida. Number of employees Population: 8,870 • The famed Suwannee River 2017 2018 forms the entire eastern boundary. Median Age: 38.4 130 139 • The Hal W. Adams Bridge, built in 1947, across the Lindy Edens Toni Pratto-Sapp Size: 548 square miles Suwannee River 3 miles north 20 years 20 years of Mayo was Florida’s first Cities/Towns: Cassandra Davis Karen Tileston Kathy Colson Julie Grant suspension bridge. Mayo 42 years 38 years 37 years 35 years Name Years of Service • Mayo is currently Lafayette’s (as of 12/31/18) Tannia Weaver 8 years only incorporated town. County Seat: Michael Crane 8 years • In 1921, the lower part of the Mayo Keturah Campbell 19 years Caity Townsend 7 years county was removed to create Richard Baldwin 18 years Tarrin Kirby 7 years Dixie County. • Lafayette County is a Median Household Income: $41,512 Jarodanne Rentz 18 years Robert Bjork 7 years Christy Ownbey 17 years Carol Tucker 7 years prohibition, or partially dry, Ronda Feathers 7 years county, allowing retail sales of Percent High School Graduate Suzanne Friis 15 years Jordan Hagan 15 years Deborah Adams 7 years beer only. or Higher: 73.90% Jan Pfaff 15 years Jeri Anderson 7 years • In August 2018, Mayo Mary Dionne 7 years temporarily changed its Cathy Ratliff Barbara Estes Regina Alexander Susan Blake Semerah Berkley 15 years Median Housing Value: $101,400 Kathyann Murphy 6 years name to Miracle Whip as an 32 years 31 years 28 years 27 years Kim Maxwell 14 years Mia Parrish 13 years Josh Emerson 6 years advertising stunt with Kraft’s Total Housing Units: 3,372 Jenny Stewart-Orris 12 years Jaime Benware 6 years Miracle Whip brand. Brandi Humphrey 11 years Kristin Brunson 6 years Median Rent: $645 Kimberly James 11 years Nancy Clark 6 years Tommy Smith 11 years Diane Teague 6 years Number of Companies: 559 Joe Akins 11 years Tom Barnard 6 years Karen Strom 11 years Kristie Galpin 5 years Nickels Given Back Kathy Anderson 10 years Lashawnda Bien-Aime 5 years Veterans: 515 Shaina Lodge 10 years Michael Duncan 5 years 2017 2018 Lyndsi Nahabetian 5 years Amber Baucom 9 years 25,795,976 29,856,905 Households with a Computer: 77.70% Sharon Detweiler Robert Hart Dave Andrews Devonne Jordan Heather Bennett 9 years Daryl Pressley 5 years 26 years 26 years 23 years 22 years Tracy Cowart 9 years Jay Hogan 5 years Households with broadband Lin Jones 9 years Warren Doria 5 years internet subscription: 67.00% Chuck Smoak 9 years Erica Lopez 5 years

Suwannee River Blue Springs State Park

12 13 County Courthouse Convict Springs Old Courthouse Peacock Springs SunState in the Community The 14th Annual SunState Federal Credit Union Alachua County Scramble Championship was held Founded: March 10, 1845 at Ironwood Golf Course in Gainesville on December • During July and August 1961, 1, 2018. A great time was had by all golfers and Elvis Presley spent his summer Population: 39,707 the 30+ volunteers who attended. With help from in Inglis and the surrounding sponsors, golfers, and volunteers, we are proud areas filming his movie Follow Median Age: 46.6 to say that over $13,000 was raised for Noah’s That Dream. Endeavor. • On March 1, 1861, the first train The Employees Jeans for Charity Drive raised a total of $8,976.00 in 2018. That amount Noah’s arrived in Cedar Key, just weeks Size: 1,413 square miles was split between 4 charities voted on by SunState employees: Endeavor is before the Civil War began. Peaceful Paths - Child Advocacy Center a local charity providing inclusive community • During the 1880s, Cedar VETSPACE - Military Support Group of Alachua County Cities/Towns: recreation for children and young adults of Key was one of the most Cedar Key, Chiefland The Payroll Deduction Program raised a total of $6,957.70 in 2018. As chosen by all abilities. It offers free swimming lessons, important ports in Florida. Only Fanning Springs, Otter Creek SunState employees: bowling, soccer, basketball, paint & play, and Jacksonville, Pensacola, and Williston, Yankeetown dancing. Many participants in Noah’s Endeavor Key West ranked ahead of it. Haven Hospice $3,196.50 - Food 4 Kids $1,991 - Children’s Miracle Network $1,770.20 Bronson, Inglis activities are affected by disabilities such as • Levyville was the original Cerebral Palsy, Autism Spectrum Disorders, county seat of Levy County County Seat: Down Syndrome, deafness, blindness, and until the town was destroyed other developmental disorders. by fire in the late 1800’s. The Bronson county seat was then moved to 2018 Charity of the Month Kathy Colson & Robert Hart present checks to Will Voelker of Noah’s Endeavor Bronson. Median Household Income: $36,554 Each month, charities are nominated on our • Evidence has been found in Facebook page for the Charity of the Month Cedar Key to suggest human Percent High School Graduate program. The charity with the most votes wins occupation as far back as 500 or Higher: 83.2% $1,000. A randomly drawn charity that was entered BC. also wins $500. If you know a deserving charity, see • In 1896, a hurricane hit our Facebook page for complete rules and how to Median Housing Value: $88,700 Cedar Key and wiped nearly enter instructions. The winners for 2018 were: everything away. A team from Total Housing Units: 20,495 • Bronson was once called SunState served Chunky Pond. January - Newberry Elementary July - UF Mobile Outreach Clinic dinner at the • Fort Fanning was built in 1838 Safety Patrols August - Dream Team Median Rent: $691 Ronald McDonald to guard a key crossing point of February - Beauty Haven September - High Springs Community House five times the Suwannee River and also March - Carson Springs Wildlife Sanctuary School PTSA Number of Companies: 2,883 in 2018; including Christmas Eve. served as a base of operations April - Project Downtown Gainesville October - Basketball Cop SunState feeds the City of Alachua for U.S. Army troops fighting May - Streetlight November - Project Makeover employees that are working the 4,553 Facebook Fans against Creek and Seminole Veterans: June - Gentle Carousel Miniature December - Kids Count in Alachua fireworks event on the 4th of July. 2017 2018 warriors in the swamps of the Therapy Horses County Households with a Computer: 79.70% 31,041 32,000 Suwannee Valley.

Households with broadband Cedar Key Museum State Park Blue Springs Bronson Speedway Devils Den Manatee Springs Cedar Key internet subscription: 59.30%

14 15 Volunteer Appreciation Around the Branches

Founded: December 21, 1858 • Branford is known as the cave diving capitol of the world. Population: 43,653 • The Suwannee River Greenway is a 14-mile asphalt rail-trail. This is a wonderful place to ride Median Age: 41.9 a bike, rollerblade, or walk. The trail goes from the intersection Size: 692 square miles of US 129 & CR 248 to the Ichetucknee River at US 27/ Cities/Towns: SR20. There are two trail- Live Oak heads—one at Ivey Memorial Branford “WHEREAS, JOHN D. DISHONG, faithfully served for over 39 years of his life as a Park and one in Branford. Wellborn dedicated SunState Federal Credit Union Volunteer, during which he promoted the best • Suwannee County is bordered interests of SUNSTATE FEDERAL CREDIT UNION and its members; and on the north, west and south County Seat: by the Suwannee River. The extreme Southeast border Live Oak WHEREAS, JOHN D. DISHONG, served with honorable character and integrity as a member of the Board of Directors for 34 years, its Chairman for 11 years, and as Vice is along the beautiful, clear Chairman for 2 years; and Ichetucknee River. Median Household Income: $40,600 • Stephen Foster chose the Whereas, JOHN D. DISHONG, served on the Credit Committee for 6 years, its Suwannee River, which forms Percent High School Graduate Chairman for 2 years, and on the Supervisory Committee for 1 year; and one of the boundaries of or Higher: 80.2% Suwannee County, for his song, WHEREAS, JOHN D. DISHONG, faithfully attended board meetings and strategic “Old Folks at Home,” because Median Housing Value: $92,400 planning sessions, providing astute leadership and judicious counsel to fellow board he saw the name on a map and members and senior management; it sounded right with the melody Total Housing Units: 19,299 he was already working on. BE IT THEREFORE RESOLVED, that in recognition and sincere appreciation for Foster had never seen the river. “Old Folks at Home,” which Median Rent: $702 his devoted and distinguished service, JOHN D. DISHONG, is hereby conferred the position, title and status of Volunteer of Distinction of SUNSTATE FEDERAL CREDIT contains the well-known lyric, UNION, this action taken and recorded in a special meeting of the Board of Directors “Way down upon the Suwannee Number of Companies: 2,712 of SunState Federal Credit Union on the nineteenth day of February two thousand River…”, has been the Florida nineteen.” State song since 1935. Veterans: 4,249

Households with a Computer: 82.40% Cynthia Brochu, Board Chair JaneTaylor, Secretary Households with broadband internet subscription: 73.40% Little River Springs Suwanee Springs Old Spring House Suwanee County Royal Springs Anderson Spring The Dowling House Court House

16 1 7 2018 Board of Directors Supervisory Committee

Founded: May 20, 1921 • It is geographically the smallest county in Florida. Population: 15,159 • Worthington Springs was named for early settler Sam Worthington, Median Age: 39.7 who arrived prior to the first Seminole War of 1814–1819. • The mineral spring on the Santa 240 square miles Size: Fe River was alleged to have medicinal benefits, attracting Cities/Towns: Cynthia S. Brochu Patrick Fitzgerald Calvin DeCoursey Jane Taylor Louis Frost Annette Johnson Bill Conrad people from the late 1800s to the Raiford Chairman Vice-Chairman Treasurer Secretary Chairman Secretary early 1900s. In the early years, Lake Butler swimming was segregated, Worthington Springs with men and women assigned specific time intervals. In 1906, County Seat: the new owner constructed a Lake Butler 12’×12’ concrete box around the spring to divert water into a 90’×50’ concrete pool with a wall $37,460 Median Household Income: dividing the bathing area into sections for men and women. Percent High School Graduate or The complex included a hotel, Higher: 75.90% recreation hall and bathhouse for John Campen John D. Dishong, Sr David Nicholson Sharon Papciak Tresca Clemmons Brenda Stormant the spring pool. Median Housing Value: $89,000 Director Director Director Director • In the mid-twentieth century, the Management Team outflow from the spring declined, Total Housing Units: 4,599 Director Emeritus Volunteer of and then stopped flowing Distinction Joe Akins - President/CEO completely. Clifford A. Lyle Before becoming Union County Median Rent: $616 • Edmond T. Dougherty Lee Johnson Tom Barnard - Senior VP of Lending it was part of St. Johns, Duval, Georgia P. Vickers Leonard Lindsey Suzanne Friis - Senior VP of Operations Alachua, New River & Bradford Jack F. Gamble Number of Companies: 720 Counties. Director of Marion Holder Dave Andrews - Vice President of IT Distinction J.C. Webb • It was originally supposed to be Veterans: 1,810 Richard Baldwin - Vice President of Human Resources named New River County, to William M. Knight, Jr. William E. Austin Marvis B. Roberts Janet Larson Kelly Chesser - Vice President of Finance restore a name that had been Households with a Computer: 72.70% Jay Friedman William M. Knight, Jr. Robert Hart - Vice President of Marketing lost in 1861 when New River was John Power renamed Bradford. Households with broadband Director internet subscription: 57.60% Lake Butler Historical Museum Lake Butler Beach Chastain-Seay Park

18 Union County Court House Santa Fe River at Union/Alachua County Line 19

43RD STREET 2516 NW 43rd Street Gainesville • FL • 32606 (352) 378-2125 ALACHUA 14520 NW US Highway 441 Alachua • FL • 32615 (386) 462-3900 ARCHER ROAD 6305 SW Archer Rd Gainesville • FL • 32608 (352) 373-9334 CHIEFLAND 1003 NW 22nd Court Chiefland • FL • 32626 (352) 490-5700 GAINESVILLE MAIN 405 SE 2nd Place Gainesville • FL • 32601 (352) 381-5200 HAWTHORNE 6005 SE US Hwy 301, Unit 101 Hawthorne • FL • 32640 (352) 381-5301 JONESVILLE 14133 W Newberry Rd Newberry • FL • 32669 (352) 332-9090 LAKE CITY MAIN 1605 West US Hwy 90 Lake City • FL • 32055 (386) 755-4097 V.A.G. MEDICAL CENTER 1601 SW Archer Road Gainesville • FL • 32608 (352) 244-5242 L.C.V.A. MEDICAL CENTER Follow us on Facebook: 619 S Marion Avenue Follow us on Instagram Lake City • FL • 32025 www.instagram.com/ www.facebook.com/sunstatefcu (386) 752-7894 sunstatefederalcreditunion