2020-11-15T10:17:13-06:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 310278870 Wright-Patt Credit Union Inc % TIM ANDREWS WRIG 9379127000 3560 Pentagon Blvd Beavercreek OH 45431 DOUGLAS A FECHER PRESIDENT/CEO 9379127000 2020-11-15 true MICHAEL J SUMMERS P00838533 3173834000 2020-11-15 167.68.126.162 43033020203205000009 2020-11-15 P 2549B8983BCEF4BD4CBB570D93CEB1A1E7F466AD BF95C9C3848B7F2D92EE1D39D626D0CC25BA87F7 2019 2021-04-22 16:20:28Z DOUGLAS A FECHER 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 345309038 false X WWW.WPCU.COOP X 1932 OH TO PROMOTE THRIFT SAVINGS, BORROWING, AND FINANCIAL SERVICES AMONG ITS MEMBERS. 9 9 1153 18 30556674 0 0 237437652 277391210 13619948 24418792 0 0 251057600 301810002 316190 131092 0 0 63499714 70132090 0 0 0 131101852 155513381 194917756 225776563 56139844 76033439 4428100680 5091928563 3929763143 4508111949 498337537 583816614 X THE ORGANIZATION'S MISSION IS TO HELP PEOPLE THROUGH LIFE, WHICH INCLUDES: TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH, ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS FOR EFFECTIVE USE OF THEIR ASSETS AND RESOURCES; AND ALL ACTIVITIES NECESSARY AND INCIDENTAL THERETO. false false DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 875,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 399,523 MEMBERS (DIVIDENDS $57,327,228; INCLUDING A SPECIAL PATRONAGE DIVIDEND OF $10,180,089). DIRECT LABOR AND EMPLOYEE BENEFITS COSTS INCURRED TO PROVIDE DEPOSIT SERVICES, ORIGINATE LOANS, AND SERVICE LOANS FOR MEMBERS TOTALED $71,575,468. BRANCH OFFICE OCCUPANCY AND OPERATIONS SERVICES 31 BRICK AND MORTAR BRANCHES PLUS TWO CALL CENTERS PROVIDES PHYSICAL LOCATION FOR PERSON TO PERSON FINANCIAL SERVICES. false false false false false false false false false true true false false true false false true false false false false false false false false false true false true false true false false false false false false false false true false false false true 211247 0 true 1153 true true true false false false false false false false false false false false X 9 9 false false false false true true true true true false true true true true true true true true true true true true X TIM ANDREWS 9379127000 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 DOUGLAS FECHER PRESIDENT & CEO 40.0 0.0 X 921900 0 43006 DARRICK WEEKS 11-73 FORMER CHIEF OPERATING OFFICER 40.0 0.0 X 864324 0 94852 TIMOTHY MISLANSKY CHIEF STRATEGY OFFICER 40.0 0.0 X 443252 0 151862 STEVEN HARRELL DIRECTOR RETIREMENT SOLUTIONS 40.0 0.0 X 394045 0 44404 ERIC BUGGER CHIEF LENDING OFFICER 40.0 0.0 X 355040 0 46341 SCOTT EVERETT VP OF MEMBER BUSINESS SVCS 40.0 0.0 X 333154 0 49491 ROSANNE SCHUTZMAN CHIEF OPERATING OFFICER 40.0 0.0 X 346032 0 32106 DANIEL SMITH CHIEF FINANCIAL OFFICER 40.0 0.0 X 297452 0 46972 JOHN SAGRAVES SENIOR FINANCIAL ADVISOR 40.0 0.0 X 281457 0 49143 AMY REILLY CHIEF ADMINISTRATIVE OFFICER 40.0 0.0 X 291919 0 37683 FRANK PETRIE DR RETAIL MORTGAGE ORIGINATION 40.0 0.0 X 266798 0 49619 TONYA COON VP OF CUSO OPERATIONS 40.0 0.0 X 271656 0 33282 ROBERT SCARFO SENIOR FINANCIAL ADVISOR 40.0 0.0 X 238589 0 51905 STEVEN SCHEID VP OF FINANCE, CUSO 40.0 0.0 X 240042 0 44396 MICHAEL THOMPSON SENIOR FINANCIAL ADVISOR 40.0 0.0 X 220395 0 42213 TRACY SZARZI-FORS VP OF MARKETING AND BUS DEV 40.0 0.0 X 219030 0 33129 CHRISTOPHER JOHNSON VP OF ENTERPRISE RISK MGMT 40.0 0.0 X 197098 0 33375 KIMBERLY RILEY VP OF SERVICE DELIVERY 40.0 0.0 X 211005 0 14237 JENNIFER OGDEN VP OF INTERNAL AUDIT 40.0 0.0 X 179096 0 39335 TODD ELLIOTT VP, MARKET PRESIDENT 40.0 0.0 X 142326 0 12085 CHARLES SHOWELL DIRECTOR 2.0 0.0 X 3579 0 0 ADAM SCHEETZ ASSISTANT SECRETARY 2.0 0.0 X 0 0 0 CAROL CLARK DIRECTOR 2.0 0.0 X 0 0 0 BONNIE SMITH OFFICER 2.0 0.0 X 0 0 0 JOSEPH LINSENMEYER CHAIRMAN 2.0 0.0 X 0 0 0 JOSEPH MUCCI TREASURER 2.0 0.0 X 0 0 0 LEAH HANSEMAN SECRETARY 2.0 0.0 X 0 0 0 MICHAEL MCGRATH VICE CHAIRMAN 2.0 0.0 X 0 0 0 ROBERT SWEENEY ASSISTANT TREASURER 2.0 0.0 X 0 0 0 6718189 0 949436 71 false true false VISA USA PO BOX 742233 LOS ANGELES CA 90074 FINANCIAL SERVICES 4838674 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 TECHNOLOGY SERVICES 3286063 THE OHLMANN GROUP 1605 N MAIN ST DAYTON OH 45405 ADVERTISING 1668686 JACK HENRY ASSOCIATES INC PO BOX 609 MONETT MO 65708 TECHNOLOGY SERVICES 1307401 PRESIDIO NETWORKED SOLUTIONS GROUP PO BOX 677638 DALLAS TX 752677638 TECHNOLOGY SERVICES 885508 68 0 INTEREST - LOANS 522100 179215107 179215107 SERVICE & MEMBER FEES 522100 77593794 47342530 30251264 INT-INVEST SECURITIES 522100 20276741 20276741 UNRELATED PARTNERSHIP INCOME 900099 305568 305568 277391210 0 0 0 0 0 0 43999652 23918176 43068205 430831 931447 23487345 24418792 23487345 -158 931605 0 0 0 0 0 0 0 0 0 0 301810002 270321723 30556674 931605 131092 0 0 0 4709057 0 49899533 2078696 9256392 4188412 0 557506 307200 0 0 152024 2893385 3879606 4776436 3004791 0 5992954 457464 0 86816 51236033 0 8613115 462797 BAD DEBT EXPENSE 20766033 LOAN SERVICING EXPENSE 17243581 OUTSIDE SERVICES 19791889 PATRONAGE DIVIDENDS 10180089 5111662 225776563 568931204 286919148 16300000 250800000 0 0 0 0 22465664 27601431 0 0 3356753422 3657885422 0 0 3015222 3498454 108668956 49848189 53897682 58820767 0 45511089 276528545 615771969 0 0 0 0 130208941 145120283 4428100680 5091928563 24359810 25153681 0 0 0 0 0 0 0 0 0 0 86188225 229743982 0 0 3819215108 4253214286 3929763143 4508111949 X 0 0 0 0 498337537 583816614 498337537 583816614 4428100680 5091928563 76033439 9445638 X false true X true false 7273512 7273512 44682899 11509181 33173718 9118836 3672810 5446026 46566629 34666198 11900431 1027080 1027080 58820767 SECURITIES 615771969 F 615771969 0 MEMBERS' SHARE ACCOUNTS 4253214286 4253214286 311255640 9445638 9445638 301810002 301810002 225776563 225776563 225776563 SCHEDULE D, PART X FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true WRIGHT STATE UNIVERSITY FOUNDATION 3640 COLONEL GLENN HWY DAYTON OH 45435 237019799 501(C)(3) 18500 GENERAL SUPPORT THE HOMEOWNERSHIP CENTER 130 W SECOND ST SUITE 1420 DAYTON OH 45402 310885010 501(C)(3) 10000 GENERAL SUPPORT GREENE COUNTY COMMUNITY FOUNDATION 941 W SECOND STREET XENIA OH 45385 311751001 501(C)(3) 15000 GENERAL SUPPORT HOMEPORT 3443 AGLER ROAD SUITE 200 COLUMBUS OH 43219 311208260 501(C)(3) 15000 GENERAL SUPPORT AMERICAN RED CROSS 431 18TH ST NW WASHINGTON DC 20006 530196605 501(C)(3) 10000 GENERAL SUPPORT THE HOMEOWNERSHIP CENTER 130 W 2ND ST STE 1420 DAYTON OH 45402 364500925 501(C)(3) 10000 GENERAL SUPPORT 6 0 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: WRIGHT-PATT CREDIT UNION, INC. PROVIDES GENERAL SUPPORT TO SECTION 501(C)(3) AND 501(C)(19) TAX EXEMPT ORGANIZATIONS AND VERIFIES THE ORGANIZATIONS STATUS USING THE GUIDESTAR WEBSITE. X X true true X X X X true true false AMY REILLY CHIEF ADMINISTRATIVE OFFICER 233204 0 50200 0 8515 0 20362 0 17321 0 329602 0 0 0 DANIEL SMITH CHIEF FINANCIAL OFFICER 237995 0 32500 0 26957 0 19648 0 27324 0 344424 0 0 0 DARRICK WEEKS 11-730 FORMER CHIEF OPERATING OFFICER 146524 0 62000 0 655800 0 75149 0 19703 0 959176 0 302323 0 DOUGLAS FECHER PRESIDENT & CEO 688189 0 196000 0 37711 0 23408 0 19598 0 964906 0 0 0 ERIC BUGGER CHIEF LENDING OFFICER 250120 0 64000 0 40920 0 22400 0 23941 0 401381 0 0 0 ROSANNE SCHUTZMAN CHIEF OPERATING OFFICER 247075 0 65000 0 33957 0 20936 0 11170 0 378138 0 0 0 SCOTT EVERETT VP OF MEMBER BUSINESS SVCS 233569 0 51100 0 48485 0 22400 0 27091 0 382645 0 0 0 TIMOTHY MISLANSKY CHIEF STRATEGY OFFICER 346887 0 57150 0 39215 0 125538 0 26324 0 595114 0 0 0 TODD ELLIOTT VP, MARKET PRESIDENT 111135 0 30000 0 1191 0 1141 0 10944 0 154411 0 0 0 TRACY SZARZI-FORS VP OF MARKETING AND BUS DEV 172348 0 34250 0 12432 0 15908 0 17221 0 252159 0 0 0 CHRISTOPHER JOHNSON VP OF ENTERPRISE RISK MGMT 159545 0 32000 0 5553 0 15741 0 17634 0 230473 0 0 0 JENNIFER OGDEN VP OF INTERNAL AUDIT 150466 0 26000 0 2630 0 14690 0 24645 0 218431 0 0 0 KIMBERLY RILEY VP OF SERVICE DELIVERY 189036 0 18000 0 3969 0 14020 0 217 0 225242 0 0 0 STEVEN HARRELL DIRECTOR RETIREMENT SOLUTIONS 78621 0 298820 0 16604 0 22400 0 22004 0 438449 0 0 0 JOHN SAGRAVES SENIOR FINANCIAL ADVISOR 0 0 277375 0 4082 0 21707 0 27436 0 330600 0 0 0 FRANK PETRIE DR RETAIL MORTGAGE ORIGINATION 82294 0 164429 0 20075 0 21579 0 28040 0 316417 0 0 0 ROBERT SCARFO SENIOR FINANCIAL ADVISOR 0 0 233960 0 4629 0 31581 0 20324 0 290494 0 0 0 MICHAEL THOMPSON SENIOR FINANCIAL ADVISOR 0 0 217649 0 2746 0 17690 0 24523 0 262608 0 0 0 STEVEN SCHEID VP OF FINANCE, CUSO 173879 0 22000 0 44163 0 19348 0 25048 0 284438 0 0 0 TONYA COON VP OF CUSO OPERATIONS 232746 0 29400 0 9510 0 16334 0 16948 0 304938 0 0 0 SCHEDULE J, PART I, LINE 1A COMPENSATION BENEFITS RECEIVED: DOUGLAS FECHER RECEIVES A GOLF MEMBERSHIP AND CERTAIN BOARD MEMBERS RECEIVE COMPANION TRAVEL. BOTH ARE INCLUDED IN TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS: DARRICK WEEKS RECEIVED A SEVERANCE PAYMENT OF $289,661, A 457(F) PAYOUT OF $302,323, AND A COMPANY VEHICLE VALUED AT $17,580. THESE AMOUNTS ARE INCLUDED WITH REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II. SCHEDULE J, PART I, LINE 4B PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: WRIGHT-PATT CREDIT UNION PARTICIPATES IN A 457(F) PLAN. TIMOTHY MISLANSKY PARTICIPATED IN TWO 457F PLANS AS OF 1/1/2019. ONE OF THESE PLANS WAS FORFEITED ON 5/10/2019, RESULTING IN A REVERSAL OF $1,320,000 IN DEFERRED COMPENSATION. AS OF 12/31/2019, THERE WERE NO CURRENT YEAR CONTRIBUTIONS TO THE PLAN. D MATTHEW DAVIDSON FORMER CFO SPLIT DOLLAR LIFE IN X 4969101 5551263 false true true TIMOTHY MISLANSKY CHIEF STRATEGY OFC SPLIT DOLLAR LIFE IN X 1771717 1974829 false true true TIMOTHY MISLANSKY CHIEF STRATEGY OFC SPLIT DOLLAR LIFE IN X 4436926 4522987 false true true DARRICK WEEKS FORMER COO SPLIT DOLLAR LIFE IN X 2018045 2236522 false true true DOUGLAS FECHER PRESIDENT/CEO SPLIT DOLLAR LIFE IN X 11941840 13315830 false true true DOUGLAS FECHER PRESIDENT/CEO FIRST MORTGAGE X 285920 280216 false false true DOUGLAS FECHER PRESIDENT/CEO HOME EQUITY LOC X 53035 51501 false false true K MONAHAN-FECHER SPOUSE OF PRESIDENT/CEO CREDIT CARD X 9917 4646 false false true ERIC BUGGER CHIEF LENDING OFFICER FIRST MORTAGE-CONSTR X 395443 394677 false false true ERIC BUGGER CHIEF LENDING OFFICER VEHICLE LOAN X 10086 9805 false false true DANIEL SMITH CHIEF FINANCIAL OFFICER VEHICLE LOAN X 39775 38356 false false true 28380632 SCHEDULE L, PART II ALL WRIGHT-PATT CREDIT UNION EMPLOYEES RECEIVE A 0.5% rate reduction on all loans other than mortgages. Until mid-2019 there was a 0.25% rate reduction on first mortgages and beginning mid-2019, the 0.25% first mortgage rate discount was transitioned to a $500 closing cost credit. FORM 990, PART IV, LINE 28 BUSINESS TRANSACTIONS WITH FAMILY MEMBER OF OFFICER: Wright-Patt Credit Union owns an interest in Hallmark Title LLC. Scott Everetts spouse is a greater than 35% owner in the partnership. During the year Wright-Patt Credit Union did not make any contributions to the partnership. All revenue earned through the partnership has been included on the Form 990. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: MEMBERSHIP IS OPEN TO THOSE PERSONS, OR CORPORATIONS, UNINCORPORATED SOCIETIES OR ASSOCIATIONS, OR ANY OTHER ORGANIZATION OF INDIVIDUALS THAT MEET THE ELIGIBILITY REQUIREMENTS SET FORTH IN THE ARTICLES OF INCORPORATION, APPLY FOR MEMBERSHIP, AND ARE APPROVED FOR MEMBERSHIP IN A MANNER SPECIFIED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY: THE BOARD OF DIRECTORS IS THE GOVERNING BODY AND CONSISTS OF 9 VOLUNTEER DIRECTORS. EACH YEAR THREE DIRECTORS WILL BE ELECTED BY THE MEMBERS TO REPLACE THE THREE DIRECTORS WHOSE TERMS ARE EXPIRING. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS RESERVED FOR MEMBERS: A MAJORITY OF MEMBERS ELIGIBLE TO VOTE WOULD BE REQUIRED FOR BUSINESS THAT WOULD AFFECT THE CONTINUATION OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER AND IS THEN PRESENTED TO THE BOARD OF DIRECTORS DURING A BOARD MEETING PRIOR TO BEING FILED. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: CONFLICT OF INTEREST QUESTIONNAIRES ARE ANNUALLY OBTAINED AND REVIEWED WITH ALL MEMBERS OF THE BOARD OF DIRECTORS, SENIOR EXECUTIVE MANAGEMENT, AND VICE PRESIDENTS. ALL PERSONS IN THESE JOB CLASSIFICATIONS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM WITH REGARD TO ACCOUNTS HELD, ACTIVE LOANS, AND ANY ADDITIONAL OUTSIDE OCCUPATIONS. THESE DOCUMENTS ARE SUBMITTED FOR REVIEW. POLICY INCLUDES STEPS TO AVOID CONFLICT OF INTEREST AND IF CHANGES OCCUR REGARDING POTENTIAL CONFLICTS OF INTEREST, IT IS THE RESPONSIBILITY OF THE DIRECTOR, COMMITTEE MEMBER, OR EMPLOYEE TO REPORT SUCH CHANGES TO THE PROPER CHANNEL. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND OTHER OFFICERS: THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING COMPARABILITY DATA AND AN INTERNAL JOB EVALUATION COMMITTEE. THE SALARY OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER IS THEN APPROVED BY THE BOARD OF DIRECTORS. THIS REVIEW IS CONDUCTED ANNUALLY AND WAS LAST PERFORMED IN 2019. COMPENSATION REVIEW FOR ALL OTHER OFFICERS AND KEY EMPLOYEE POSITIONS WAS CONDUCTED IN 2019 BY HUMAN RESOURCES USING A THIRD PARTY CONSULTING SERVICE. ONGOING MARKET PRICING AND POSITION SALARY GRADING IS DONE AS-NEEDED BY THE COMPANY'S DIRECTOR OF HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: ARTICLES OF INCORPORATION, CODE OF REGULATION AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. INTERNALLY PREPARED FINANCIAL STATEMENTS ARE POSTED MONTHLY IN THE BRANCHES. QUARTERLY REPORTS TO NCUA ARE AVAILABLE ON NCUA'S WEBSITE. AUDITED YEAR END FINANCIAL STATEMENTS ARE POSTED TO OUR COMPANY'S WEBSITE ALONG WITH THE ANNUAL REPORT. MYCUMORTGAGE LLC 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 311690008 MRTG PROCESS OH 43741351 117364354 WRIGHT-PATT