2018-11-06T08:18:51-07:00 2017-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2017-01-01 470381807 WESTERN HERITAGE CREDIT UNION WEST 3087625702 103 EAST 1 STREET ALLIANCE NE 69301 GINNY MORRIS ACCOUNTING MANAGER 3087625702 2018-11-06 true JEAN SMITH CPA P00479382 6053425630 2018-11-06 96.2.194.12 2018-11-06 09:18:51 CS P D350269B6C1E361BFE3BE5786FA149191CA99CAB DA6352F5C75EEED9C6B759EA4C8987AF9978464A 2017 2019-02-21 02:37:17Z MIKE FREISZ 5444084 false X WWW.WHCU.COM X COOPERATIVE 1936 NE TO SERVE THE EMPLOYEES OF BNSF RAILWAY OF ALLIANCE, NEBRASKA AND ANY OTHER PERSON LIVING OR WORKING IN THE PANHANDLE OF NEBRASKA WITH ALL OF THEIR FINANCIAL NEEDS. THE CREDIT UNION EXISTS TO PROMOTE THRIFT AMONG, AND PROVIDE A SOURCE OF CREDIT FOR, ITS MEMBERS. 5 5 58 9 0 0 4301923 4090987 223625 219708 33299 43719 4558847 4354414 5976 2926 0 1785077 1435640 0 0 3292742 3427133 5083795 4865699 -524948 -511285 76058817 69939815 69183289 63573389 6875528 6366426 X TO SERVE THE EMPLOYEES OF BNSF RAILWAY OF ALLIANCE, NEBRASKA AND ANY OTHER PERSON LIVING OR WORKING IN THE PANHANDLE OF NEBRASKA WITH ALL OF THEIR FINANCIAL NEEDS. THE CREDIT UNION EXISTS TO PROMOTE THRIFT AMONG, AND PROVIDE A SOURCE OF CREDIT FOR, ITS MEMBERS. false false LOANS ARE GRANTED TO INDIVIDUALS WHO ARE MEMBERS OF THE CREDIT UNION AND WHO QUALIFY FOR SUCH LOANS UNDER BOARD OF DIRECTOR APPROVED POLICIES. LOANS INCLUDE AUTO, RECREATIONAL, CREDIT CARD, SIGNATURE AND MORTGAGE LOANS. A VARIETY OF SERVICES ARE PROVIDED TO CREDIT UNION MEMBERS, INCLUDING SHAREDRAFT ACCOUNTS, WIRE TRANSFERS, SHARED BRANCHING, ATM/DEBIT CARDS, MONEY ORDERS, TRAVEL CARDS AND ONLINE BANKING. false false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 1167 0 true 58 true false false false false false false X 5 5 false false false false true true true true true false true true true true true true false true true true false X GINNY MORRIS 3087611230 103 EAST 1ST STREET ALLIANCE NE 69301 MIKE FREISZ CHAIRMAN 4.00 X X 0 0 0 JOCK FARIS VICE-CHAIRMA 2.00 X X 0 0 0 VICKIE MATTOX SECRETARY/TR 2.00 X X 0 0 0 BRENDA MCDONALD DIRECTOR 2.00 X 0 0 0 BECKY MASER DIRECTOR 0.50 X 0 0 0 RICK RIDENOUR DIRECTOR 2.00 X 0 0 0 DAN KUSEK DIRECTOR 3.00 X 0 0 0 SHEILA SCHMEITS DIRECTOR 0.50 X 0 0 0 KURT SCHMIDT PRESIDENT/CE 40.00 X 71960 0 16600 JENNIFER ZANASSI VP OPERATION 40.00 X 71249 0 33353 WILLISE SEE VP MEMBER SU 40.00 X 59316 0 9772 GINNY MORRIS ACCOUNTING M 40.00 X 0 0 0 202525 59725 false false false FISERV PO BOX 99924 GRAPEVINE TX 760999724 DATA PROCESSING 220526 CU SERVICES NETWORK 274 UNION BLVD SUIT 320 LAKEWOOD CO 80228 ACCOUNTING SERV 201326 GO WEST IT 5161 E ARAPAHOE RD SUITE 220 CENTENNIAL CO 80122 IT SERVICES 136426 VANTIVE HOLDINGS LLC 8500 GOVERNORS HILL DR SYMMES TOWNSHIP OH 45249 CARD PROCESSING 107119 4 LOAN INTEREST INCOME 522100 2714517 2714517 SHAREDRAFT FEE INCOME 522100 572482 572482 SERVICE FEE INCOME 522100 469366 469366 INSURANCE/WARRANTY INCOME 522100 334622 334622 4090987 212936 212936 1096442 1089670 6772 6772 6772 MISCELLANEOUS REVENUE 522100 43719 43719 43719 4354414 4141478 212936 2926 262250 811933 2770 275059 83628 26823 56966 450515 22953 197689 240748 147518 21517 128586 3527 150279 41549 LOAN LOSS PROVISION 865931 PROCESSING FEES-TRANS 516960 DIVIDENDS TO MEMBERS 370355 DUES, FEES, SUBSCRIPTIONS 110757 74460 4865699 0 0 0 2922975 2854893 2644268 5598095 44628 147566 53218968 45931321 433868 403859 4355505 1839712 2608992 2515793 12077489 10753007 2107629 1735281 76058817 69939815 849559 1120337 1500000 66833730 62453052 69183289 63573389 X 6875528 6366426 6875528 6366426 76058817 69939815 -511285 2183 X X false true X true false 545470 545470 2591492 805435 1786057 1218543 1034277 184266 2515793 US GOVERNMENT AGENCY SECURITIES 10753007 F 10753007 MEMBER DEPOSITS 62453052 62453052 FORM 990 - ORGANIZATION'S MISSION TO SERVE THE EMPLOYEES OF BNSF RAILWAY OF ALLIANCE, NEBRASKA AND ANY OTHER PERSON LIVING OR WORKING IN THE PANHANDLE OF NEBRASKA WITH ALL OF THEIR FINANCIAL NEEDS. THE CREDIT UNION EXISTS TO PROMOTE THRIFT AMONG, AND PROVIDE A SOURCE OF CREDIT FOR, ITS MEMBERS. FORM 990, PART VI SECTION LINE 13 THERE IS NO WHISTLEBLOWER POLICY UNTIL 2018. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PEOPLE WHO LIVE OR WORK IN THE NEBRASKA PANHANDLE, AS WELL AS THEIR IMMEDIATE FAMILIES. THE COUNTIES ELGIBLE FOR MEMBERSHIP INCLUDE DAWES,SHERIDAN, SIOUX, BOX BUTTE, SCOTTSBLUFF, MORRILL, GARDEN, GRANT, BANNER,CHEYENNE, DEUEL AND KIMBALL. INDIVIDUALS MEETING THIS REQUIREMENT COMPLETE AN APPLICATION THAT IS APPROVED BY A MEMBERSHIP OFFICER. MEMBERS ARE REQUIRED TO MAINTAIN ONE 5 MEMBERSHIP SHARE. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER HAS THE RIGHT TO ELECT THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS MUST APPROVE ANY FORM OF MERGER OR CONSOLIDATION. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY A LICENSED CPA AND REVIEWED IN DETAIL BY THE PRESIDENT/CEO. IT IS ALSO PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST STATEMENT IS COMPLETED WHEN AN EMPLOYEE/DIRECTOR IS HIRED/ELECTED, AND ANNUALLY THEREAFTER. THE CONFLICT OF INTEREST STATEMENT IS THEN USED TO FLAG EMPLOYEE/DIRECTOR MEMBER ACCOUNTS (AND FAMILY MEMBERS)TO ENSURE THE EMPLOYEE/DIRECTOR CAN'T MAKE TRANSACTIONS ON THOSE ACCOUNTS. IN ADDITION, EMPLOYEES/DIRECTORS MUST REFRAIN FROM ACTING ON ANYTHING THAT MAY BE BENEFICIAL TO PEOPLE OR ORGANIZATIONS IDENTIFIED AS POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT/CEO PAY IS DETERMINED BY THE INDEPENDENT BOARD OF DIRECTORS BASED ON BUDGETED DOLLARS AND A COMPARISON WITH OTHER CREDIT UNIONS. FORM 990, PAGE 6, PART VI, LINE 15B THE PAY FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT/CEO SUBJECT TO THE BUDGET THAT THE BOARD HAS APPROVED. CONSIDERATION IS GIVEN TO SIMILAR POSITIONS AT OTHER CREDIT UNIONS WHEN SETTING SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 OUR FINANCIAL STATEMENTS ARE AVAILABLE IN THE LOBBIES OF OUR BRANCH LOCATIONS. UPON REQUEST, PER OUR MEMBERSHIP CONTRACT, WE WILL PROVIDE OUR ORGANIZING DOCUMENTS; HOWEVER, THE GENERAL PUBLIC IS NOT PRIVY TO THIS INFORMATION. FORM 990, PART XII AUDITED FINANCIAL STATEMENTS ARE RECEIVED ON A FISCAL YEAR BASIS ENDING SEPTEMBER 30TH EACH YEAR; HOWEVER, THEY DO NOT COINCIDE WITH THE ANNUAL PREPARATION OF FORM 990. WESTERN HERITAGE INSURANCE LLC 103 EAST 1 STREET ALLIANCE NE 69301 460000000 INSURANCE NE 18412 9549 WHCU WESTERN HERITAGE CREDIT UNION