2024-05-06T13:13:17-07:00 2023-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2023-01-01 381504660 Wexford Community Credit Union WEXF 2317752081 1015 WILCOX ST CADILLAC MI 49601 JULIE RUSHING President & CEO 2024-05-06 true JULIE RUSHING 999009999 true Donald E Lingerfelt P00339004 8005225820 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X JULIE RUSHING 1015 WILCOX ST CADILLAC MI 49601 4930721 false X WWW.WEXCCU.COM X 1953 MI TO PROVIDE QUALITY FINANCIAL SERVICES AT FAIR RATES AND TERMS TO MEET OUT MEMBERS' NEEDS. WE STRIVE TOWARD EXCELLENCE AND ACHIEVEMENT THROUGH SERVICE TO OUR MEMBERS. 6 6 57 6 21231 0 4540834 3514086 483241 1131935 0 5024075 4646021 0 0 1962762 2116307 0 0 1757071 2109580 3719833 4225887 1304242 420134 80530754 79644073 75894929 74086512 4635825 5557561 TO PROVIDE QUALITY FINANCIAL SERVICES AT FAIR RATES AND TERMS TO MEET OUT MEMBERS' NEEDS. WE STRIVE TOWARD EXCELLENCE AND ACHIEVEMENT THROUGH SERVICE TO OUR MEMBERS. false false PROVIDE 8,530 MEMBERS WITH REGULAR SHARES, MONEY MARKET, SHARE DRAFT, IRA, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS OF DECEMBER 31, 2023. PROVIDE 1,808 LOANS INCLUDING VEHICLE, PERSONAL, MORTGAGE, HOME EQUITY, AND CREDIT CAR LOANS, AS OF DECEMBER 31, 2023. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, TRAVELLERS CHECKS, BILL PAY, OVERDRAFT/COURTESY PAY AND VARIOUS INSURANCE PROGRAMS. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 735 0 true 57 true true true false false false false false false false X 6 6 false false false false true true true true true false true true false true true true true true true true false X LEVON GARBOOSHIAN 2317552081 1015 WILCOX ST CADILLAC MI 49601 JULIE RUSHING CEO 40.00 0.00 X 149422 0 24487 SHANI PERRY Vice President 40.00 0.00 X 111315 0 28525 LEVON GARBOOSHIAN CFO 40.00 0.00 X 107884 0 19046 MARGARET ELMORE Chairman 0.00 0.00 X 0 0 0 ERIC GILDNER Secretary 0.00 0.00 X 0 0 0 LORETTA OLSEN Director 0.00 0.00 X 0 0 0 CARL OUWINGA Director 0.00 0.00 X 0 0 0 PHILIP POTVIN Director 0.00 0.00 X 0 0 0 HAROLD MEEUWES Director 0.00 0.00 X 0 0 0 368621 72058 3 false true false CUANSWERS 6000 28TH ST SE WTE 100 GRAND RAPIDS MI 495466927 DATA PROCESSOR 261421 REDROCK SECURITY 1101 40TH ST SE GRAND RAPIDS MI 49508 IT SERVICES 139579 SALUS GROUP 38233 MOUND RD BUILDING F STERLING HTS MI 48310 HEALTH INSURANCE 272682 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 CREDIT CARD PROCESSOR 108703 4 0 FEE AND OTHER INCOME 522100 732757 732757 INTERCHANGE INCOME 522100 552898 552898 INTEREST ON LOANS 522100 2207200 2207200 NON MEMBER ATM FEES 900099 6675 6675 NON-MEM SHRD BRANCHING 900099 14556 14556 3514086 906749 906749 0 0 0 509886 284700 225186 225186 225186 0 0 0 0 4646021 4624790 21231 0 0 0 0 440679 0 1371179 -4420 162146 146723 0 2537 0 0 0 0 0 31891 497594 219449 0 123590 8651 0 24180 233078 7690 85353 11168 LOAN SERVICING EXPENSE 367561 PROVISION FOR LOAN LOSSES 333272 PRO SERVICES 147802 OPERATING FEES 15764 0 4225887 0 0 0 357978 1480147 7649383 13394822 0 486500 834023 0 0 47285302 42886236 0 41539 81758 3207619 1792852 805939 1414767 21475704 17608123 1432885 941571 0 0 995524 1002626 80530754 79644073 478812 392332 75416117 73694180 75894929 74086512 X 4635825 5557561 4635825 5557561 80530754 79644073 420134 501602 X false true X true false 188481 188481 1463037 608882 854155 693596 512308 181288 496532 336526 160006 365973 335136 30837 1414767 OTHER LIABILITIES 408825 SHARES 73285355 73694180 false false false JULIE RUSHING CEO 148025 1397 4482 20005 173909 Form 990, Part VI, Section A, Line 7a THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. Form 990, Part VI, Section A, Line 7b A NOMINATING COMMITTEE RECOMMENDS INDIVIDUALS AT THE ANNUAL MEETING AND ARE VOTED IN BY THE CURRENT BOARD OF DIRECTORS TO FILL AVAILABLE VACANCIES. EACH BOARD MEMBER IS ELECTED FOR A THREE-YEAR TERM. Form 990, Part VI, Section B, Line 11b A REVIEW IS CONDUCTED BY THE CEO PRIOR TO THE SUBMISSION TO THE IRS. Form 990, Part VI, Section B, Line 12c THE BOARD OF DIRECTORS AND SR. MANAGEMENT ARE REQUIRED TO SUBMIT ANNUALLY A WRITTEN ACKNOWLEDGEMENT FOR POTENTIAL CONFLICTS OF INTEREST Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS COMPLETE A PERFORMANCE APPRAISAL EVALUATION OF THE CEO ANNUALLY. SALARY INCREASES ARE REVIEWED AND VOTED ON BASED ON OVERALL PERFORMANCE AND THE COST OF LIVING. LAST REVIEW WAS IN 2023. Form 990, Part VI, Section B, Line 15b KEY EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE REVIEW AND COMPENSATION IS ADJUSTED BASED ON THOSE REVIEWS. Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XII, LINE 2 - CHANGE OF OVERSIGHT OR SELECTION PROCESS THERE WERE NO CHANGES TO THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.