2020-11-12T09:23:06-06:00 2019-12-31 454084437 WARREN AVERETT LLC 316 SOUTH BAYLEN ST SUITE 300 PENSACOLA FL 32502 990 2019-01-01 596143861 GULF WINDS CREDIT UNION GULF 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 DALE JOHNSON EVP OF STRATEGY AND PERFORMANCE 8504799601 2020-11-11 1 CLAIRE C DUREN CPA P01577924 8504357400 2020-11-11 70.188.231.22 2020-11-11 09:09:25 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4E6DC21914383819C2908E49415BCAC36877079F 2019 2021-04-22 16:20:28Z X DALE JOHNSON 220 EAST NINE MILE ROAD PENSACOLA FL 32534 81244075 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. 12 12 281 18 95669 -319195 0 0 2775265 18205210 1157034 8207665 2450074 14398347 6382373 40811222 63777 219428 0 0 2214254 14462490 0 0 0 4372967 20775674 6650998 35457592 -268625 5353630 659792117 719554550 582938333 635482058 76853784 84072492 THE CREDIT UNION'S MISSION IS TO ENHANCE MEMBERS' FINANCIAL WELL BEING BY IDENTIFYING MEMBERS' FINANCIAL NEEDS AND FULFILLING THOSE NEEDS. 0 0 IN EFFORTS TO PROMOTE THRIFT AMONG ITS MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS, AND IRA SAVINGS 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 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22601 0 1 281 1 1 1 0 0 0 0 0 0 0 X 12 12 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 R L OSWALD SR CHAIRMAN 1.00 X 0 0 0 FRED HOUSTON 1ST VICE CHAIR 1.00 X 0 0 0 GERALD EADY 2ND VICE CHAIR 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 VANCE BATEMENA DIRECTOR 1.00 X 0 0 0 LARRY BLUM DIRECTOR 1.00 X 0 0 0 CHRIS BROOKS DIRECTOR 1.00 X 0 0 0 SHELLY FOUNTAIN DIRECTOR 1.00 X 0 0 0 WILLIAM FRITCHMAN DIRECTOR 1.00 X 0 0 0 JIM TAYLOR DIRECTOR 1.00 X 0 0 0 NELSON WHALEY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER RUTLEDGE CEO 45.00 X 802311 0 16728 ASHLEY JANSKY EVP MEMBER EXPERIENCE 45.00 X 172519 0 10787 KURT STENERSON EVP OF DIGITAL INNOVATION 45.00 X 182119 0 10421 JOANNE HYATT SVP CHIEF LENDING OFFICER 45.00 X 167943 0 13414 DEAN DAVIS SVP CHIEF INFORMATION OFFI 45.00 X 181906 0 12425 TERRY JOHNSON EVP OF STRATEGY AND PERFOMANCE 45.00 X 119615 0 11746 ROBERT ALFT FINANCIAL ADVISOR 45.00 X 154392 0 8209 ROBERT BEARGIE FINANCIAL ADVISOR 45.00 X 129464 0 7912 MARCI WATTERS FINANCIAL ADVISOR 45.00 X 142237 0 10947 JOHAN BOELING REGIONAL VP 45.00 X 118629 0 10447 PATRICK WENDOLEK VP OF ENTERPRISE APPLICATIONS 45.00 X 124318 0 3178 2295453 0 116214 11 0 1 0 MAD DOG CONSTRUCTION 1203 MICCOSUKEE RD TALLAHASSEE FL 32308 GENERAL CONTRACTOR 992262 Q2 SOFTWARE PO BOX 678272 DALLAS TX 752678272 HOMEBANKING PROVIDER 982371 FISERV PO BOX 979 BROOKFIELD WI 530080979 DEBIT CARD PROCESSOR 816226 PRESIDIO NETWORKED SOLUTIONS ONE PENN PLAZA SUITE 2832 NEW YORK NY 10119 NETWORK CONSULTING 700781 DUNCAN MCCALL ADVERTISING 4400 BAYOU BLVD SUITE 11 PENSACOLA FL 32503 ADVERTISING 660851 11 LOAN INTEREST INCOME 522100 18205210 18205210 18205210 8385035 8385035 40255483 40426939 5914 -171456 -5914 -177370 -177370 FEES AND SERVICE CHARGES 522100 13506197 13506197 INTERCHANGE INCOME 522100 969268 969268 GAIN ON OREO 522100 112560 112560 -189678 -285347 95669 14398347 40811222 32507888 95669 8207665 199428 20000 2411667 8466752 824110 1922380 837581 55314 102954 587021 1214815 830469 2295038 286411 182620 530896 3464458 1374887 368795 PROVISION FOR LOAN LOSS 2962359 ATM AND DEBIT CARD EXPE 2016051 MISCELLANEOUS EXPENSES 545672 MEMBER ACCOUNT EXPENSES 528480 3429434 35457592 7532337 9524872 52873054 56760684 431638187 495583185 2462506 3006736 34605829 16838784 14879425 17767045 121597975 19530668 127801309 1381610 1167745 7896355 7942974 659792117 719554550 7578902 8527973 575359431 626954085 582938333 635482058 X 0 0 0 0 76853784 84072492 76853784 84072492 659792117 719554550 X 5353630 2815840 -950762 X X 0 1 X 1 0 5000 5000 5000 1 NAFCU 3138 10TH STREET N ARLINGTON VA 22201 952642719 5000 PART I-A, LINE 1: THE NATIONAL ASSOCIATION OF FEDERALLY-INSURED CREDIT UNIONS (NAFCU) IS A DIRECT MEMBERSHIP ASSOCIATION FOR FEDERALLY-INSURED CREDIT UNIONS WHICH IS COMMITTED TO REPRESENTING, ASSISTING, EDUCATING AND INFORMING ITS MEMBER CREDIT UNIONS TO HELP THEM GROW, AND HELP GROW THE CREDIT UNION INDUSTRY. 1197895 1197895 33407934 16838784 16569150 17767045 ACCRUED INVESTMENT INCOME 408247 C RETIREMENT ASSETS 19245550 C OTHER INVESTMENTS 356798 C FEDERAL AGENCY SECURITIES 98967775 C CORP CU CAPITAL SHARES 1155339 C CERTIFICATES OF DEPOSIT 7045000 C FHLB STOCK 622600 C 127801309 MEMBER DEPOSITS 626954085 626954085 1 MANNA FOOD PANTRIES 3030 NORTH E STREET PENSACOLA FL 32501 592181031 501(C)(3) 15000 FILL THE MAYFLOWER - THANKSGIVING EVENT MANNA FOOD PANTRIES 3030 NORTH E STREET PENSACOLA FL 32501 592181031 501(C)(3) 25000 CAPITAL CAMPAIGN - NEW FACILITY AMERICA'S SECOND HARVEST OF THE BIG BEND 4446 ENTREPOT BLVD TALLAHASSEE FL 32310 592610345 501(C)(3) 18000 DONATIONS TO ANNUAL GENERAL FUND PRIDE OF ATMORE 5415 HIGHWAY 21 ATMORE AL 36502 464416506 501(C)(3) 25000 CAPITAL CAMPAIGN - FACILITY RENOVATION COUNCIL ON AGING OF WEST FLORIDA INC 875 ROYCE STREET PENSACOLA FL 32503 591373939 501(C)(3) 10000 DONATIONS TO ANNUAL GENERAL FUND ADX COMMUNICATIONSCAT COUNTRY 987 7251 PLANTATION ROAD PENSACOLA FL 32504 824598636 12000 MIRACLE ON PALAFOX - EVENT SPONSORSHIP ASSISTING UNITED WAY TO BUY CHRISTMAS GIFTS FOR CHILDREN ADX COMMUNICATIONSCAT COUNTRY 987 7251 PLANTATION ROAD PENSACOLA FL 32504 824598636 5000 SPRING JAM - EVENT SPONSORSHIP BENEFITTING SANTA ROSA KID'S HOUSE ATMORE CHAMBER OF COMMERCE 137 N MAIN ST ATMORE AL 36502 630254159 501(C)(3) 7235 ANNUAL SPONSORSHIP GREAT GULFCOAST ARTS FESTIVA 3519 BAYSWATER DR PENSACOLA FL 32514 592884632 501(C)(3) 12500 EVENT SPONSORSHIP BIG BROTHERS BIG SISTERS OR NORTHWEST FLORIDA 1320 CREIGHTON RD PENSACOLA FL 32504 592996893 501(C)(3) 15000 CAPITAL CAMPAIGN-NEW FACILITY ELDER CARE SERVICES 2518 W TENNESSEE ST TALLAHASSEE FL 32304 591426079 501(C)(3) 5000 EVENT SPONSORSHIP 7 2 HIGHER ED. SCHOLARSHIPS 4 20000 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 428531 0 61558 0 312222 0 7482 0 9246 0 819039 0 0 0 ASHLEY JANSKY EVP MEMBER EXPERIENCE 144405 0 20200 0 7914 0 4637 0 6150 0 183306 0 0 0 KURT STENERSON EVP OF DIGITAL INNOVATION 142580 0 25200 0 14339 0 4902 0 5519 0 192540 0 0 0 JOANNE HYATT SVP CHIEF LENDING OFFICER 147743 0 20200 0 0 0 5223 0 8191 0 181357 0 0 0 DEAN DAVIS SVP CHIEF INFORMATION OFFI 161706 0 20200 0 0 0 3472 0 8953 0 194331 0 0 0 ROBERT ALFT FINANCIAL ADVISOR 152109 0 200 0 2083 0 4569 0 3640 0 162601 0 0 0 MARCI WATTERS FINANCIAL ADVISOR 142037 0 200 0 0 0 4461 0 6486 0 153184 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 -1,080,866. MERGED EQUITY 130,104. 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, 2019, ARE FOR THE YEAR ENDED JUNE 30, 2020. 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.