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WCU: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
WCU (EIN 63-0321814)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-08-20
IRS object ID
201932329349300933
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-08-20T16:37:09-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461498870PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BMSS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11121 RIVERCHASE OFFICE RDAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35244ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN630321814EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WCU CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWCUCBusinessNameControlTxt
Phone2563555010PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12505 HIGHWAY 31 SOUTHAddressLine1Txt
CityDECATURCityNm
State AbbreviationALStateAbbreviationCd
ZIP35603ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTI R THOMPSONPersonNm
Person TitleCEOPersonTitleTxt
Phone2563555010PhoneNum
Signature2019-08-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonD SCOTT STEVENS CPAPreparerPersonNm
PTINP00362431PTIN
Phone2059825500PhoneNum
Preparation2019-08-20PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address74.254.230.2IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-08-20IPDt
IP Tm16:35:20IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdB931B26BD87152CE48611DCA3073400AF99A199DAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRISTI R THOMPSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12505 HIGHWAY 31 SOUTHAddressLine1Txt
CityDECATURCityNm
State AbbreviationALStateAbbreviationCd
ZIP35603ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,455,128GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.WCUCU.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1948FormationYr
Legal Domicile StateALLegalDomicileStateCd
Activity Or MissionTO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERSActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee19TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$4,060TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$947NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$612,411PYProgramServiceRevenueAmt
CY Program Service Revenue$614,882CYProgramServiceRevenueAmt
PY Investment Income$126,918PYInvestmentIncomeAmt
CY Investment Income$151,965CYInvestmentIncomeAmt
PY Other Revenue$649,831PYOtherRevenueAmt
CY Other Revenue$688,281CYOtherRevenueAmt
PY Total Revenue$1,389,160PYTotalRevenueAmt
CY Total Revenue$1,455,128CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$543,690PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$582,822CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$727,783PYOtherExpensesAmt
CY Other Expenses$760,515CYOtherExpensesAmt
PY Total Expenses$1,271,473PYTotalExpensesAmt
CY Total Expenses$1,343,337CYTotalExpensesAmt
PY Revenues Less Expenses$117,687PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$111,791CYRevenuesLessExpensesAmt
Total Assets BOY$24,694,610TotalAssetsBOYAmt
Total Assets EOY$25,115,151TotalAssetsEOYAmt
Total Liabilities BOY$22,211,847TotalLiabilitiesBOYAmt
Total Liabilities EOY$22,520,597TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,482,763NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,594,554NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERSMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Desc3,439 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANSDesc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document424IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee19EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHRISTI R THOMPSON CEOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2563555010PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12505 HIGHWAY 31 SOUTHAddressLine1Txt
CityDECATURCityNm
State AbbreviationALStateAbbreviationCd
ZIP35603ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
TIM LEDLOW
CHAIRMAN OF BOARD1.00Yes (X)$0$0$0
DAVID TUTWILER
SECRETARY1.00Yes (X)$0$0$0
JIM BURLESON
DIRECTOR1.00Yes (X)$0$0$0
HEATHER MCDEARMOND
TREASURER1.00Yes (X)$0$0$0
MARK MOODY
FIRST CHAIRMAN1.00Yes (X)$0$0$0
CHRISTI THOMPSON
CEO45.00$71,433$0$22,694Yes (X)
DEBORAH MORGAN
VP LENDING45.00$49,633$0$11,538Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$121,066TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$34,232TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
EPL INC
22 INVERNESS CENTER PARKWAY SUITEBIRMINGHAMAL35242DATA PROCESSING$183,123
LEAGUE OF SOUTHEAST CREDIT UNIONS
22 INVERNESS CENTER PARKWAY SUITEBIRMINGHAMAL35242DEBIT CARDS, AUDIT, ANNUAL DUES$115,144
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLOAN INTEREST INCOMEDesc
Business522130BusinessCd
Total Revenue Column$614,882TotalRevenueColumnAmt
Related Or Exempt Func Income$614,882RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$614,882TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$151,965TotalRevenueColumnAmt
Exclusion$151,965ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,096TotalRevenueColumnAmt
Exclusion$9,096ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$2,184RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,184RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,184TotalRevenueColumnAmt
Related Or Exempt Func Income$2,184RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ACCOUNT, LOANS & INTER522130$618,094$618,094
OTHER RELATED INCOME522130$34,437$34,437
OTHER INCOME522130$20,410$20,410

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,060TotalRevenueColumnAmt
Unrelated Business Revenue$4,060UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$677,001OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,455,128TotalRevenueColumnAmt
Related Or Exempt Func Income$1,290,007RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$4,060UnrelatedBusinessRevenueAmt
Exclusion$161,061ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$155,298TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$312,614TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$9,398TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$71,322TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$34,190TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$7,020TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,498TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$117,286TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$56,209TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$161,345TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$69,800TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,428TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,660TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$17,900TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$53,831TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
ATM AND DEBIT CARD FEES$131,401
EDUCATION AND PROMOTION$38,183
CHECK AND LOAN SERVICIN$24,922
BAD DEBTS$12,832

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$37,200TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,343,337TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$709,237BOYAmt
EOY$733,167EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,026,359BOYAmt
EOY$7,899,435EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$12,368,996BOYAmt
EOY$14,174,566EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$41,096BOYAmt
EOY$42,888EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,686,653LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$784,683LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,229,670BOYAmt
EOY$1,901,970EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt
EOY$50,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$269,245BOYAmt
EOY$313,125EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$24,694,610BOYAmt
EOY$25,115,151EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$214,447BOYAmt
EOY$63,824EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$21,997,400BOYAmt
EOY$22,456,773EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22,211,847BOYAmt
EOY$22,520,597EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,482,763BOYAmt
EOY$2,594,554EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,482,763BOYAmt
EOY$2,594,554EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,694,610BOYAmt
EOY$25,115,151EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$111,791ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,107,376OtherCostOrOtherBasisAmt
Book Value$1,107,376BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$900,173OtherCostOrOtherBasisAmt
Depreciation$199,125DepreciationAmt
Book Value$701,048BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,293OtherCostOrOtherBasisAmt
Book Value$10,293BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$668,811OtherCostOrOtherBasisAmt
Depreciation$585,558DepreciationAmt
Book Value$83,253BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,901,970TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER DEPOSITSDesc
Amt$22,456,773Amt
FieldValueIRS element (for citing)
Total Liability$22,456,773TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE, WORK, WORSHIP, OR ATTEND SCHOOL WITHIN MORGAN OR LAWRENCE COUNTIES IN ALABAMA.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS OF WCU CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THEIR ANNUAL MEETINGS. THE MEMBERS OF THE CREDIT UNION ARE INFORMED OF THE BOARD POSITIONS WHICH ARE UP FOR ELECTION BY THE NOMINATING COMMITTEE. THE MEMBERS THEN PROCEED TO VOTE TO FILL THE OPEN BOARD POSITIONS. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING.
FORM 990, PART VI, SECTION A, LINE 7BTHE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD MEMBERS, CONVERSION FROM STATE TO FEDERAL CHARTER, AND CONVERSION FROM FEDERAL TO PRIVATE INSURANCE AS WELL AS AMENDMENT TO BY-LAWS.
FORM 990, PART VI, SECTION A, LINE 8BTHE CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE RESPONSIBILITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BUPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CCREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSISTENTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF THE STAFF OR DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR OFFICERS, KEY EMPLOYEES & TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME.
FORM 990, PART VI, SECTION C, LINE 19THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. ADDITIONALLY, THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS PERFORMS SIMILAR PROCEDURES AND REVIEW OF THE CREDIT UNION'S FINANCIAL STATEMENTS ANNUALLY.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONWCU CREDIT UNION 2505 HIGHWAY 31 SOUTH DECATUR, AL 35603 EMPLOYER IDENTIFICATION NUMBER: 63-0321814 FOR THE YEAR ENDING DECEMBER 31, 2018 WCU CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
SECTION 1.263(A)-3(N) ELECTIONWCU CREDIT UNION 2505 HIGHWAY 31 SOUTH DECATUR, AL 35603 EMPLOYER IDENTIFICATION NUMBER: 63-0321814 FOR THE YEAR ENDING DECEMBER 31, 2018 WCU CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).

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