2020-03-11T20:22:07-05:00 2019-12-31 200794302 MBE CPAS LLP 1136 E MAIN STREET REEDSBURG WI 53959 990 2019-01-01 390966273 WESTBY CO-OP CREDIT UNION WEST 6086347615 PO BOX 70 WESTBY WI 54667 JOHN RUDIE CFO 6086347615 2020-03-11 1 RYAN WEBER CPA P01299128 6085248998 2020-03-11 162.245.183.60 2020-03-11 16:25:36 CD P 5715BED4AF088C239E103540B1E1B543631CD0BE 4D3C3AE82AED71E7F0F3C87D99328F28150E91CC 2019 2020-09-23 17:36:50Z JOHN RUDIE PO BOX 70 WESTBY WI 54667 32531228 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 7 215 0 0 0 0 0 28221331 31117408 1210631 1413820 0 0 29431962 32531228 0 0 0 0 9928017 10434653 0 0 0 11507170 12650665 21435187 23085318 7996775 9445910 511150752 553187813 425464959 457823966 85685793 95363847 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 1,192 NEW LOANS TO MEMBERS THAT WERE FOR $2,000 OR LESS IN 2019. WE FUNDED 8,141 LOANS DURING 2019. AS OF 12/31/19, WE HAD 2,531 MORTGAGES/HOME EQUITY, 12,850 CONSUMER LOANS, 1,803 BUSINESS LOANS, AND 8,404 CREDIT CARD ACCOUNTS. PROVIDE LOW COST FINANCIAL SERVICES TO 34,769 MEMBERS. DURING 2019, WE OPENED 12,360 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 13943 0 1 215 1 0 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 RONALD LARSON CHAIRPERSON CREDIT COM 3.00 X X 7850 0 0 MONTE TORGERSON VICE CHAIRPERSON AUDIT COM 1.00 X X 4950 0 0 KEVIN LARSON 2ND VICE CHAIR 1.00 X 3100 0 0 CHRISTINE SLOAT TREASURER IT COM 1.00 X X 6350 0 0 ALAN BERG 2ND VICE CHAIR AUDIT COM 1.00 X 5250 0 0 WILLIAM MAROHL SECRETARY AUDIT COM 1.00 X X 6100 0 0 SARAH MANI 2ND VICE CHAIR ALCO COM 1.00 X 5875 0 0 KEVIN HAUSER PRESIDENT/CEO 50.00 X 221771 0 31023 JOHN RUDIE CFO 45.00 X 175115 0 28570 ROBERT BLAND VP LENDING 45.00 X 117490 0 35892 LOIS STOKER OPERATIONS MANAGER 40.00 X 96654 0 18184 KERRI THEIGE MARKETING 40.00 X 100385 0 22257 VICKY INMAN COMPLIANCE 40.00 X 102404 0 30707 MARLENE OLSON HUMAN RESOURCES 40.00 X 108270 0 9890 GARLAND MCGARVEY IT ADMINISTRATOR 45.00 X 173401 0 14473 KARI BYE CORPORATE MEMBER SERVICE MANAGER 40.00 X 74423 0 16098 1209388 0 207094 10 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE/HARDWARE 403786 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75257 SOFTWARE 340344 AMERICAN SOLUTIONS FOR BUSINESS 8479 SOLUTION CENTER CHICAGO IL 60677 SERVICES 299965 CASE FINANCIAL 701 WEAVER BLVD NW ANOKA MN 55303 FINANCIAL EQUIPMENT 223551 VERNON COMMUNICATIONS PO BOX 20 WESTBY WI 54667 UTILITY 197577 6 LOAN INTEREST AND FEES 522100 30645181 30645181 LOAN INSURANCE 524298 472227 472227 31117408 1413820 1413820 32531228 31117408 0 1413820 1416482 6820974 468874 1132312 596011 167560 74269 15405 347176 1035651 1526892 621961 105458 161178 4496233 1094719 102666 LOAN EXPENSE 2198533 CARD EXPENSES 570978 DUES AND SUBSCRIPTIONS 131986 23085318 2812195 3259205 23906995 27534211 411921690 439450662 13479390 17076279 20972104 10541497 11162155 10430607 42420982 49364675 5447345 6072174 511150752 553187813 4521987 5384906 420942972 452439060 425464959 457823966 X 0 0 0 0 85685793 95363847 85685793 95363847 511150752 553187813 9445910 232144 0 X 1 X 0 0 0 1866184 1866184 10572993 4080075 6492918 8532927 6461422 2071505 10430607 INVESTMENTS 49364675 F 49364675 MEMBER SHARES AND DEPOSITS 452439060 452439060 0 1 0 KEVIN HAUSER PRESIDENT/CEO 205925 0 10500 0 5346 0 17314 0 13709 0 252794 0 0 0 JOHN RUDIE CFO 172615 0 2500 0 0 0 14009 0 14561 0 203685 0 0 0 ROBERT BLAND VP LENDING 114990 0 2500 0 0 0 9399 0 26493 0 153382 0 0 0 GARLAND MCGARVEY IT ADMINISTRATOR 170901 0 2500 0 0 0 13872 0 601 0 187874 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, 2019, WESTBY CO-OP CREDIT UNION HAS 34,769 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.