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WCU: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WCU (EIN 63-0321814)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-07-24
IRS object ID
201802059349300435
Schema version
2017v2.3
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)
Return2018-07-24T13:15:22-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461498870PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARFIELD MURPHY SHANK & SMITH LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14245 BALMORAL DRIVE SUITE 303AddressLine1Txt
CityHUNTSVILLECityNm
State AbbreviationALStateAbbreviationCd
ZIP35801ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-07-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCYNTHIA A HUDSON CPAPreparerPersonNm
PTINP00029332PTIN
Phone2059825500PhoneNum
Preparation2018-07-02PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$1,389,160GrossReceiptsAmt
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$4,208TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$847NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$625,935PYProgramServiceRevenueAmt
CY Program Service Revenue$612,411CYProgramServiceRevenueAmt
PY Investment Income$103,181PYInvestmentIncomeAmt
CY Investment Income$126,918CYInvestmentIncomeAmt
PY Other Revenue$547,059PYOtherRevenueAmt
CY Other Revenue$649,831CYOtherRevenueAmt
PY Total Revenue$1,276,175PYTotalRevenueAmt
CY Total Revenue$1,389,160CYTotalRevenueAmt
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$514,416PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$543,690CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$630,737PYOtherExpensesAmt
CY Other Expenses$727,783CYOtherExpensesAmt
PY Total Expenses$1,145,153PYTotalExpensesAmt
CY Total Expenses$1,271,473CYTotalExpensesAmt
PY Revenues Less Expenses$131,022PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$117,687CYRevenuesLessExpensesAmt
Total Assets BOY$24,070,193TotalAssetsBOYAmt
Total Assets EOY$24,694,610TotalAssetsEOYAmt
Total Liabilities BOY$21,705,117TotalLiabilitiesBOYAmt
Total Liabilities EOY$22,211,847TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,365,076NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,482,763NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERSMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Desc3,425 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 Document408IRPDocumentCnt
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
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 (8 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
BOARD MEMBER1.00Yes (X)$0$0$0
BOBBY SPEEGLE
TREASURER- PART YEAR1.00Yes (X)$0$0$0
JIM BURLESON
2ND VICE CHAIRMAN1.00Yes (X)$0$0$0
HEATHER MCDEARMOND
SECRETARY1.00Yes (X)$0$0$0
TOM SPARKS
BOARD MEMBER1.00Yes (X)$0$0$0
CHRISTI THOMPSON
CEO45.00$71,076$0$22,185Yes (X)
DEBORAH MORGAN
VP LENDING45.00$48,645$0$11,508Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$119,721TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$33,693TotalOtherCompensationAmt
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$153,794
LEAGUE OF SOUTHEAST CREDIT UNIONS
22 INVERNESS CENTER PARKWAY SUITEBIRMINGHAMAL35242DEBIT CARDS, AUDIT, ANNUAL DUES$126,655
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLOAN INTEREST INCOMEDesc
Business522130BusinessCd
Total Revenue Column$612,411TotalRevenueColumnAmt
Related Or Exempt Func Income$612,411RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$612,411TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$126,918TotalRevenueColumnAmt
Exclusion$126,918ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,708TotalRevenueColumnAmt
Exclusion$9,708ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
ACCOUNT, LOANS & INTER522130$596,180$596,180
OTHER RELATED INCOME522130$38,617$38,617
NON-MEMBER ATM FEES525990$4,208$4,208

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,118TotalRevenueColumnAmt
Related Or Exempt Func Income$1,118RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$640,123OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,389,160TotalRevenueColumnAmt
Related Or Exempt Func Income$1,248,326RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$4,208UnrelatedBusinessRevenueAmt
Exclusion$136,626ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$153,414TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$292,225TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,305TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$60,271TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$32,475TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,435TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,342TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$102,009TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$45,653TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$152,968TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$68,792TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,392TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,839TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$13,314TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$50,894TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
ATM AND DEBIT CARD FEES$127,197
BAD DEBTS$40,339
EDUCATION AND PROMOTION$33,234
CHECK AND LOAN SERVICIN$23,571

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$35,804TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,271,473TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$611,952BOYAmt
EOY$709,237EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$9,464,576BOYAmt
EOY$10,026,359EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$17BOYAmt
EOY$7EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$12,444,147BOYAmt
EOY$12,368,996EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$31,840BOYAmt
EOY$41,096EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,960,522LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$730,852LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,261,033BOYAmt
EOY$1,229,670EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$256,628BOYAmt
EOY$269,245EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$24,070,193BOYAmt
EOY$24,694,610EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$165,332BOYAmt
EOY$214,447EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$21,539,785BOYAmt
EOY$21,997,400EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$21,705,117BOYAmt
EOY$22,211,847EOYAmt
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$2,365,076BOYAmt
EOY$2,482,763EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,365,076BOYAmt
EOY$2,482,763EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,070,193BOYAmt
EOY$24,694,610EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$117,687ReconcilationRevenueExpnssAmt
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$412,017OtherCostOrOtherBasisAmt
Book Value$412,017BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$900,173OtherCostOrOtherBasisAmt
Depreciation$171,119DepreciationAmt
Book Value$729,054BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,180OtherCostOrOtherBasisAmt
Book Value$14,180BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$634,152OtherCostOrOtherBasisAmt
Depreciation$559,733DepreciationAmt
Book Value$74,419BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,229,670TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER DEPOSITSDesc
Amt$21,997,400Amt
FieldValueIRS element (for citing)
Total Liability$21,997,400TotalLiabilityAmt

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, 2017 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, 2017 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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