2024-05-15T15:26:13-05:00 2023-12-31 200794302 MBE CPAS LLP 1136 E MAIN STREET REEDSBURG WI 53959 990 2023-01-01 390966273 WESTBY CO-OP CREDIT UNION WEST 6086347615 PO BOX 70 WESTBY WI 54667 JOHN RUDIE CFO 6086347615 2024-05-14 1 JOHN RUDIE 999009999 0 RYAN WEBER CPA P01299128 6085248998 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JOHN RUDIE PO BOX 70 WESTBY WI 54667 52230917 0 X WCCUCREDITUNION.COOP X 1939 WI WESTBY CO-OP CREDIT UNION WILL PROVIDE SERVICES THAT ARE EFFICIENT, CONFIDENTIAL, AND ACCURATE IN A CONVENIENT AND FRIENDLY ENVIRONMENT. WE WILL BE COMPETITIVELY PRICED, TECHNOLOGICALLY ADVANCED AND ECONOMICALLY SOUND, AND SUPPORT OUR COMMUNITIES. 7 7 278 0 0 13494 0 0 37711505 47546947 2579694 4683970 0 0 40291199 52230917 0 0 0 0 14705938 17048080 0 0 0 15556482 27650973 30262420 44699053 10028779 7531864 834152989 913235207 717008712 786690991 117144277 126544216 WESTBY CO-OP CREDIT UNION WILL PROVIDE SERVICES THAT ARE EFFICIENT, CONFIDENTIAL, AND ACCURATE IN A CONVENIENT AND FRIENDLY ENVIRONMENT. WE WILL BE COMPETITIVELY PRICED, TECHNOLOGICALLY ADVANCED AND ECONOMICALLY SOUND, AND SUPPORT OUR COMMUNITIES. 0 0 PROVIDED 929 NEW LOANS TO MEMBERS THAT WERE FOR $2,000 OR LESS IN 2023. WE FUNDED 9,777 LOANS DURING 2023. AS OF 12/31/23, WE HAD 3,606 MORTGAGES/HOME EQUITY, 13,407 CONSUMER LOANS, 3,806 BUSINESS LOANS, AND 6,225 CREDIT CARD ACCOUNTS. PROVIDE LOW COST FINANCIAL SERVICES TO 40,856 MEMBERS. DURING 2023, WE OPENED 18,809 NEW DEPOSITS, TRANSACTION AND INVESTMENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 18648 0 1 278 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 1 0 0 WI X JOHN RUDIE 6086343118 PO BOX 70 WESTBY WI 54667 CHRIS BARNICK PRESIDENT/CEO 45.00 X X 217032 0 3412 MONTE TORGERSON CHAIRPERSON CREDIT COM 3.00 X 12975 0 0 KEVIN LARSON 2ND VICE CHAIR 2.00 X 8325 0 0 CHRISTINE SLOAT VICE CHAIRMAN IT COM 1.00 X 8600 0 0 ALAN BERG 2ND VICE CHAIR AUDIT COM 1.00 X 6300 0 0 WILLIAM MAROHL SECRETARY AUDIT COM 2.00 X 10650 0 0 JOANNE HURNFELD 2ND VICE CHAIR ALCO COM 1.00 X 7725 0 0 JOHN RUDIE CFO 45.00 X X 218802 0 33355 MARLENE OLSON CXO 45.00 X X 172651 0 15091 TOM HAFEMANN CTO 45.00 X X 192711 0 38151 VINCENT PADUANO CLO 45.00 X X 192303 0 37328 SARAH MANI TREASURER ALCO COM 1.00 X 8925 0 0 KEVIN HAUSER RETIRED CEO 40.00 X 359608 0 37174 ART SCHRADER EX CBDO 40.00 X 107596 0 26271 1524203 0 190782 7 1 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE/HARDWARE 747318 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75257 SOFTWARE 690312 AMERICAN SOLUTIONS FOR BUSINESS 8479 SOLUTION CENTER CHICAGO IL 60677 SOFTWARE/SUPPLIES 496918 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 SOFTWARE 421694 BATES LEGAL GROUP PO BOX 1473 WAUSAU WI 54403 LEGAL 360905 18 LOAN INTEREST AND FEES 522100 47125453 47125453 LOAN INSURANCE 524298 421494 421494 47546947 4683970 4683970 52230917 47546947 0 4683970 1714985 11905037 765483 1684745 977830 498756 99353 829 713051 1974910 3028520 852764 259209 109171 13427325 1234915 117273 LOAN EXPENSE 3356700 CARD EXPENSES 1836602 DUES AND SUBSCRIPTIONS 141595 44699053 5953920 5440293 38400925 50623572 640980055 706079372 21541800 25348243 25908956 13807215 12212618 12101741 103423491 99892981 11640180 13749005 834152989 913235207 31647297 51155917 685361415 735535074 717008712 786690991 X 0 0 0 0 117144277 126544216 117144277 126544216 834152989 913235207 7531864 1950262 -82187 0 X 1 X 0 0 0 2101474 2101474 13320294 5404288 7916006 10487188 8402927 2084261 12101741 INVESTMENTS 99892981 F 99892981 MEMBER SHARES AND DEPOSITS 735535074 735535074 0 1 0 KEVIN HAUSER RETIRED CEO 358692 0 600 0 316 0 26864 0 10310 0 396782 0 0 0 JOHN RUDIE CFO 215702 0 3100 0 0 0 17992 0 15363 0 252157 0 0 0 TOM HAFEMANN CTO 182537 0 10174 0 0 0 26904 0 11247 0 230862 0 0 0 VINCENT PADUANO CLO 187123 0 5180 0 0 0 21965 0 15363 0 229631 0 0 0 CHRIS BARNICK PRESIDENT/CEO 195915 0 10450 0 10667 0 0 0 3412 0 220444 0 0 0 MARLENE OLSON CXO 169551 0 3100 0 0 0 13933 0 1158 0 187742 0 0 0 ART SCHRADER EX CBDO 107596 0 0 0 0 0 25387 0 884 0 133867 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY. AT DECEMBER 31, 2023, WESTBY CO-OP CREDIT UNION HAS 40,876 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NUCA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE CFO ACCUMULATES ALL 990 AND 990T INFORMATION. THE 990 AND THE 990T ARE REVIEWED BY THE GOVERNING BODY AND SENIOR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED FOR THE CEO BY USING A SALARY SURVEY. THE BOARD APPROVES THE PRESIDENT'S COMPENSATION AND THE PRESIDENT APPROVES EMPLOYEE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 WE POST OUR FINANCIAL STATEMENTS ON THE MEMBER BULLETIN BOARD IN OUR CREDIT UNION'S ENTRANCE ON AN ANNUAL BASIS. THE CONFLICT OF INTEREST POLICY AND THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.