2023-11-15T10:31:39-06:00 2022-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2022-01-01 596143861 GULF WINDS CREDIT UNION GULF 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 DALE JOHNSON EVP OF STRATEGY AND PERFORMANCE 8504799601 2023-11-15 1 DALE JOHNSON 999009999 1 CLAIRE C DUREN CPA P01577924 8504357400 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DALE JOHNSON 220 EAST NINE MILE ROAD PENSACOLA FL 32534 92296741 0 X WWW.GOGULFWINDS.COM X STATE-CHARTERED CREDIT UNION 1954 FL THE ORGANIZATION OFFERS A SUITE OF FINANCIAL SERVICES TO MEMBERS IN FLORIDA, ALABAMA, AND GEORGIA. 7 7 296 12 0 0 0 0 20681189 23459098 8761486 10779954 15899395 16886269 45342070 51125321 2222500 214495 0 0 16437860 18373146 0 0 0 20627450 24053993 39287810 42641634 6054260 8483687 1014783334 1035650446 925535507 969386011 89247827 66264435 X WE'RE ABOUT MORE THAN BANKING. - WE CARE FOR OUR TEAM, MEMBERS, AND COMMUNIES BY INVESTING IN THEIR SUCCESS. WE BELIEVE YOUR JOURNEY MATTERS. - WE GUIDE MEMBERS ALONG LIFE'S MOMENTS AND MILESTONES. WE PROVIDE SOLUTIONS, NOT OBSTACLES. - BACKED BY OUR PEOPLE, WE LEVERAGE TECHNOLOGY AND FINANCIAL RESOURCES TO PROVIDE A GREAT EXPERIENCE, SIMPLY. WE CREATE OPPORTUNITIES FOR A BETTER TOMORROW. - OUR STRENGTH PROVIDES THE PATH TO YOUR DREAMS. 0 0 IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS. TO MEET THE FINANCIAL NEEDS OF ITS MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 26528 0 1 296 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MYLENE KAIBIGAN 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 WILLIAM FRITCHMAN DIRECTOR 1.00 X 0 0 0 RL OSWALD SR CHAIRMAN 1.00 X 0 0 0 GERALD EADY VICE CHAIRMAN 1.00 X 0 0 0 JACK WILLIAMS TREASURER 1.00 X 0 0 0 A LARRY MALTBY SECRETARY 1.00 X 0 0 0 SHELLY FOUNTAIN DIRECTOR 1.00 X 0 0 0 VANCE BATEMAN DIRECTOR 1.00 X 0 0 0 CHRIS BROOKS DIRECTOR 1.00 X 0 0 0 JIM TAYLOR DIRECTOR 1.00 X 0 0 0 CHRISTOPHER RUTLEDGE CEO 45.00 X 1045202 0 21852 KURT STENERSON EVP OF DIGITAL INNOVATION 45.00 X 236985 0 20805 ASHLEY JANSKY EVP MEMBER EXPERIENCE 45.00 X 213905 0 23385 TERRY JOHNSON EVP OF STRATEGY AND PERFO 45.00 X 200346 0 25226 JOANNE HYATT SVP CHIEF LENDING OFFICER 45.00 X 181012 0 17048 PATRICK WENDOLEK SVP/CIO 45.00 X 187626 0 15863 STEPHANIE CHASE VP OF RISK MANAGEMENT 45.00 X 147245 0 13745 MITCHELL OLINSKY VP OF ENTERPRISE APPLICATION 45.00 X 151964 0 8191 BRUCE MCCLURE INFORMATION SECURITY OFFICER 45.00 X 130123 0 7638 DOUGLAS SIGMON VP OF COLLECTIONS 45.00 X 123970 0 15790 2618378 0 169543 19 0 1 0 BUSINESS DATA INC 321 N OAK ST INGLEWOOD CA 90302 E-SERVICES 1275934 Q2 SOFTWARE PO BOX 678272 DALLAS TX 752678272 ONLINE BANKING 1093651 JACK HENRY & ASSOCIATES INC 7400 CAHABA VALLEY ROAD BIRMINGHAM AL 35242 SOFTWARE 938559 DUNCAN MCCALL ADVERTISING 4400 BAYOU BLVD SUITE 11 PENSACOLA FL 32503 ADVERTISING 791239 NCUA PAYMENT PROCESSING 1775 DUKE ST ALEXANDRIA VA 22314 PAYMENTS 608320 24 INTEREST ON LOANS 522100 23459098 23459098 23459098 11167917 11167917 40783457 41170181 1239 -386724 -1239 -387963 -387963 FEES AND SERVICE CHARGES 522100 15847655 15847655 INTERCHANGE INCOME 522100 1244457 1244457 GAIN ON OREO 522100 12048 12048 -217891 -217891 16886269 51125321 40345367 0 10779954 214495 1985766 11963321 499920 2841037 1083102 141003 75660 944764 1595087 1047619 3545412 297479 197934 470547 3335678 1554913 437572 PROVISION FOR LOAN LOSS 3034771 ATM AND DEBIT CARD EXPE 2442409 MEMBER ACCOUNT EXPENSES 782143 REPAIRS AND MAINTENANCE 625223 3525779 42641634 8080265 7454488 82063701 49199047 561406105 641496163 3453058 4218634 36734446 20057475 17401739 16676971 331107515 304232070 743111 530793 10527840 11842280 1014783334 1035650446 10763877 53279675 914771630 916106336 925535507 969386011 X 0 0 0 0 89247827 66264435 89247827 66264435 1014783334 1035650446 X 8483687 -31513019 45940 X X 0 1 X 1 0 1197895 1197895 35536551 20057475 15479076 16676971 ACCRUED INVESTMENT INCOME 583212 C RETIREMENT ASSETS 34895920 C OTHER INVESTMENTS 306911 C FEDERAL AGENCY SECURITIES 263996288 C CORP CU CAPITAL SHARES 1155339 C CERTIFICATES OF DEPOSIT 1937000 C FHLB STOCK 1357400 C 304232070 MEMBER DEPOSITS 916106336 916106336 1 ADX COMMUNICATIONSCAT COUNTRY 987 7251 PLANTATION ROAD PENSACOLA FL 32504 824598636 0 22000 MIRACLE ON PALAFOX 2021 SPRINGTIME TALLAHASSEE 501 E TENNESSEE ST TALLAHASSEE FL 32308 475306581 501(C)(3) 0 5000 ROCK AND JAZZ JUBILEE STAGE SPONSOR GREAT GULFCOAST ARTS FESTIVAL 3519 BAYWATER DR PENSACOLA FL 32514 592884632 501(C)(3) 0 12500 MAJOR CORPORATE SPONSOR GULF WINDS CARES FOUNDATION 220 E NINE MILE ROAD PENSACOLA FL 32534 851861244 501(C)(3) 0 174995 FUNDING FOR COMMUNITY ORGANIZATIONS 3 1 PART I, LINE 2: GRANTS ARE CONTRIBUTED TO A GENERAL FUNDS ACCOUNT FOR USE AT THE DONEE ORGANIZATION'S DISCRETION. ADDITIONAL PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ARE AVAILABLE UPON REQUEST. X 1 1 X X X 0 1 0 CHRISTOPHER RUTLEDGE CEO 1045202 0 0 0 0 0 9105 0 12747 0 1067054 0 0 0 KURT STENERSON EVP OF DIGITAL INNOVATION 236985 0 0 0 0 0 6630 0 14175 0 257790 0 0 0 ASHLEY JANSKY EVP MEMBER EXPERIENCE 213905 0 0 0 0 0 6117 0 17268 0 237290 0 0 0 TERRY JOHNSON EVP OF STRATEGY AND PERFO 200346 0 0 0 0 0 5718 0 19508 0 225572 0 0 0 PATRICK WENDOLEK SVP/CIO 187626 0 0 0 0 0 3426 0 12437 0 203489 0 0 0 JOANNE HYATT SVP CHIEF LENDING OFFICER 181012 0 0 0 0 0 5211 0 11837 0 198060 0 0 0 STEPHANIE CHASE VP OF RISK MANAGEMENT 147245 0 0 0 0 0 4149 0 9596 0 160990 0 0 0 MITCHELL OLINSKY VP OF ENTERPRISE APPLICATION 151964 0 0 0 0 0 2906 0 5285 0 160155 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT WITH CHRIS RUTLEDGE. THE PLAN IS DESIGNED TO PROVIDE POST-RETIREMENT BENEFITS TO THE COVERED EMPLOYEES. THE 457(F) PLAN EFFECTIVE DATE IS AUGUST 12, 2005. THE CREDIT UNION PROCESSES THE VESTING SCHEDULE IN DECEMBER OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE GOVERNING BODY OF GULF WINDS CREDIT UNION IS OWNED AND CONTROLLED BY ITS MEMBERS AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. GULF WINDS CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF GULF WINDS CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THE ANNUAL MEMBERSHIP MEETING. THE BOARD OF DIRECTORS IS MADE UP OF TWELVE BOARD MEMBERS AND THE TERM FOR EACH BOARD MEMBER IS THREE YEARS. THE NOMINATING COMMITTEE WILL NOMINATE MEMBERS FOR OPEN BOARD POSITIONS OR MEMBERS MAY PLACE A NAME ON THEIR VOTING BALLOT BY PETITION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO THE APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD OR COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS, AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO AND EVP OF STRATEGY AND PERFOMANCE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C RISK MANAGEMENT IS RESPONSIBLE FOR SEEING THAT CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY, AND FOR INVESTIGATING AND REPORTING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE CEO'S SALARY. THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH BALANCED COMP DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. COMPENSATION FOR OTHER EMPLOYEES IS DETERMINED BY THE CEO IN ACCORDANCE WITH SALARY ADMINISTRATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED AT ALL THE BRANCHES. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 45,940. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2(B) THE CREDIT UNION RECEIVES AN ANNUAL FINANCIAL STATEMENT AUDIT FROM INDEPENDENT ACCOUNTANTS. HOWEVER, THE AUDIT PERIOD IS FROM JULY 1 TO JUNE 30. THE MOST RECENT AUDITED FINANCIALS AS OF DECEMBER 31, 2022, ARE FOR THE YEAR ENDED JUNE 30, 2023. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2(C) THE CREDIT UNION HAS A SUPERVISORY COMMITTEE MADE UP OF MEMBER VOLUNTEERS WHO OVERSEE THE AUDIT OF THE CREDIT UNION'S FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. GULF WINDS CARES FOUNDATION 220 E NINE MILE ROAD PENSACOLA FL 32534 851861244 FUNDING FOR COMMUNITY ORGANIZATIONS PROVIDING SERVICES TO YOUTH AND SENIORS FL 501(C)(3) PF 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GULF WINDS CARES FOUNDATION B 174995 CASH