2024-03-22T16:58:19-07:00 2023-12-31 990 2023-01-01 420658375 NORTH WESTERN EMPLOYEES CREDIT UNION NORT 7123282787 1411 WEST BROADWAY COUNCIL BLUFFS IA 51501 Mary Siek Manager 7123282787 2024-03-25 Mary Siek 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z North Western Employees Credit Union 1411 West Broadway Council Bluffs IA 51501 579783 0 X www.nwecu.org X 1941 IA providing financial services 9 0 2 9 0 0 0 0 372716 424676 41777 155107 0 0 414493 579783 0 0 0 0 137248 144118 0 0 0 198439 323329 335687 467447 78806 112336 9557628 9818306 7757644 7905986 1799984 1912320 X providing financial services 0 0 144118 Salaries and other employee benefits 85233 Interest 147182 Professional and Outside Services employee benefits exp, advertising and promotion exp, office exp, occupancy exp, conference exp, provision for loan losses exp, loan servicing exp, other expenses advertising, office expenses, rent, conferences, provision for loan losses, loan servicing, operating fees, miscellaneous office expenses 90914 See Schedule 0, Statement 1 90914 0 0 467447 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 195 0 1 2 1 0 0 0 0 0 0 0 0 X 9 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X NORTH WESTERN EMPLOYEES CREDIT UNION MARY SIEK 7123282787 1411 WEST BRIADWAY COUNCIL BLUFFS IA 51501 MARY SIEK MANAGER/CFO 40 X 65134 0 0 RON KING DIRECTOR 0.50 0 X 0 0 0 SHERRY SHERER DIRECTOR 0.50 0 X 0 0 0 DAVID VANHOUTEN DIRECTOR 0.50 0 X 0 0 0 IVAN MCMCAINS DIRECTOR 0.50 0 X 0 0 0 SUZANNE ANDERSEN DIRECTOR 0.50 0 X 0 0 0 KATHY MAYER DIRECTOR 0.50 0 X 0 0 0 STEVE FEYERHERM DIRECTOR 0.50 0 X 0 0 0 DILLARD AVEY DIRECTOR 0.50 0 X 0 0 0 65134 0 0 0 0 0 0 0 0 Loan Interest 522130 325648 325648 0 0 Fee Income 522130 58515 58515 0 0 Other Income 522130 40513 40513 0 0 0 0 0 0 424676 155107 155107 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 579783 579783 0 0 99586 99586 44532 44532 2317 2317 25420 25420 21184 21184 2154 2154 0 0 85233 85233 Provision for Loan losses 6300 6300 0 0 Loan Servicing 2690 2690 0 0 Professional and Outside Services 147182 147182 0 0 30849 30849 467447 467447 0 0 333879 344996 3987051 3897191 4657 6650 5232041 5569469 9557628 9818306 12904 21173 7744740 7884813 7757644 7905986 X 265000 275000 0 0 1534984 1637320 1799984 1912320 9557628 9818306 112336 0 0 0 0 0 X 0 0 0 Loans (Less ALLL) 5242751 NCUA Share Insurance Capitalization Deposit 76213 Furniture 505 CD's maturing over 1 year 250000 5569469 0 Member savings and CD accounts 7884813 7884813 X Schedule D, Part X, Line 2 member savings and certificate accounts Form 990, Part III, Line 4d annual meeting exp, supplies and postage exp, advertising and promotion exp, office exp, occupancy exp, travel and conference exp, provision for loan losses exp, loan servicing exp, insurance exp, share draft exp, computer exp, other expenses Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBER OWNERS EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP GOVERNING AND VOTING RIGHTS AT THE ANNUAL MEETINGS WITH THE EXCEPTION OF ELECTED BOARD OF DIRECTORS Form 990, Part VI, Section A, Line 7a THE MEMBER OWNERS HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE YEAR TERMS ON A ROTATING BASIS THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE WHICH IS VESTED WITH MONITORING SAFETY AND SOUNDNESS OF THE ORGANIZATION Form 990, Part VI, Section A, Line 7b CHANGES TO THE GOVERNING DOCUMENTS (BY LAWS) MUST BE APPROVED BY THE MEMBER OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS REGULATORY AGENCY Form 990, Part VI, Section A, Line 8a ALL MINUTES AND ACTIONS OF THE REGULAR AND SPECIAL MEETINGS ARE DOCUMENTED AND APPROVED AT THE NEXT MEETING Form 990, Part VI, Section B, Line 11b PRIOR TO BEING FILED WITH THE IRS A COPY OF FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE MANAGER AND CFO INCLUDING CONFIRMATION OF ACCURACY OF EVERY ANSWER AND OVERSIGHT OF APPROPRIATE CHANGES Form 990, Part VI, Section B, Line 12c BOARD MEMBERS AND OFFICERS ARE REQUIRED TO REPORT ANY POTENTIAL CONFLICTS OF INTEREST ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICT BY THE CEO AND THE BOARD OF DIRECTORS IF A CONFLICT EXISTS THEN THE CONFLICTED BOARD MEMBER OR OFFICER IS EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIPS INVOLVING THE CONFLICT OF INTEREST IF IT IS DETERMINED THAT A CONFLICT OF INTEREST WAS INTENTIONALLY HIDDEN BY A BOARD MEMBER OR OFFICER THEN THE SITUATION WOULD BE INVESTIGATED BY THE SUPERVISORY COMMITTEE AND THE BOARD MEMBER COULD BE SUSPENDED AND SUBJECT TO DISMISSAL AT A SPECIAL MEETING OF ALL THE MEMBER OWNERS Form 990, Part VI, Section B, Line 15 THE PROCESS USED FOR DETERMINING COMPENSATION FOR MANAGER/CFO AND OTHER OFFICERS/KEY EMPLOYEES IS BASED ON A COMBINATION OF COMPARABLE SIZED CREDIT UNIONS THROUGH USE OF AN ANNUAL COMPENSATION SURVEY ATTAINMENT OF PERFORMANCE OBJECTIVES AND ORGANIZATIONS EARNINGS THIS PROCESS IS PERFORMED BY THE FULL BOARD Form 990, Part VI, Section C, Line 19 THE CREDIT UNIONS BYLAWS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AND CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNIONS OFFICE