2024-06-24T14:16:15-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2023-01-01 450216652 WESTERN COOPERATIVE CREDIT UNION WEST 7015724000 1300 BISON DRIVE PO BOX 2237 WILLISTON ND 588022237 JUSTIN MADDISON CFO 7015724000 2024-06-19 1 JUSTIN MADDISON XXX-XX-XXXX 1 RYAN E BAKKE CPA P01086599 7018520196 2024-06-19 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JUSTIN MADDISON 1300 BISON DRIVE PO BOX 2237 WILLISTON ND 588022237 20687023 0 X WCCU.ORG X 1937 ND WESTERN COOPERATIVE CREDIT UNION EXISTS FOR THE FINANCIAL BENEFIT OF ITS MEMBERS. THE PURPOSE SHALL BE TO MAXIMIZE MEMBER BENEFITS THROUGH COST EFFECTIVE FINANCIAL SERVICES, EDUCATION CONSISTENT WITH COOPERATIVE PRINCIPLES, PRUDENT MANAGEMENT, AND TO MAINTAIN A STRONG PRESENCE IN OUR COMMUNITIES. 5 5 121 8 168849 0 490000 0 12630429 15695430 3459015 4909993 81600 81600 16661044 20687023 0 0 0 0 7092476 7502745 0 0 0 5799538 7137184 12892014 14639929 3769030 6047094 446507146 441740431 415698354 401735941 30808792 40004490 X WCCU EXISTS FOR THE FINANCIAL BENEFIT OF ITS MEMBERS. THE PURPOSE SHALL BE TO MAXIMIZE MEMBER BENEFITS THROUGH COST EFFECTIVE FINANCIAL SERVICES, EDUCATION CONSISTENT WITH COOPERATIVE PRINCIPLES, PRUDENT MANAGEMENT, AND TO MAINTAIN A STRONG PRESENCE IN OUR COMMUNITIES. 0 0 WESTERN COOPERATIVE CREDIT UNION IS A COMMUNITY-CHARTERED CREDIT UNION. IN ORDER TO QUALIFY FOR MEMBERSHIP, THE INDIVIDUAL OR BUSINESS MUST BE LOCATED WITHIN OUR FIELD OF MEMBERSHIP, WHICH IS:A 75-MILE RADIUS AROUND WILLISTON, ND; ORA 50-MILE RADIUS AROUND DICKINSON, ND; ORA 50-MILE RADIUS AROUND HEBRON, ND; ORA 75-MILE RADIUS AROUND BEACH, ND; ORA 50-MILE RADIUS AROUND GLEN ULLIN, ND; ORA 75-MILE RADIUS AROUND RAY, ND.THOSE BELONGING TO A MEMBER'S FAMILY, INCLUDING: SPOUSES, CHILDREN, STEPCHILDREN, PARENTS, SIBLINGS, GRANDPARENTS, GRANDCHILDREN, STEPPARENTS, STEPSIBLINGS AND ADOPTIVE RELATIONSHIPS.ONCE A PERSON BECOMES A MEMBER, THEIR MEMBERSHIP CONTINUES UNTIL THEY CLOSE THEIR ACCOUNT. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 5647 0 1 121 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 X JUSTIN MADDISON 7015724000 1300 BISON DRIVE PO BOX 2237 WILLISTON ND 588022237 LARRY NOVAK CHAIRMAN 1.00 X X 5600 0 0 GINA KARSKY SECRETARY - TREASURER 1.00 X X 5600 0 0 LARRY SCHILKE VICE CHAIRMAN 1.00 X X 5600 0 0 HEATHER FEIRING DIRECTOR 1.00 X 5600 0 0 LEE MURPHY DIRECTOR 1.00 X 5600 0 0 MELANIE STILLWELL CEO/PRESIDENT 40.00 X 416175 0 48074 JUSTIN MADDISON CHIEF FINANCIAL OFFICER 40.00 X 224992 0 46988 SCOTT SCHWINDT CHEIF OPERATIONS OFFICER 40.00 X 146476 0 16788 NICKOLAS DRESSLER AG/BUSINESS LOAN MANAGER 40.00 X 132898 0 33888 SHAILOH KOVASH REGINAL VICE PRESIDENT/IT 40.00 X 110354 0 8382 SHAWN ROMO SENIOR AG OFFICER 40.00 X 107500 0 16402 JASON DELORME CONSUMER/MORTGAGE LOAN MAN 40.00 X 114628 0 25234 1281023 0 195756 7 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE PROCESSOR 491007 KRANZLER KINGSLEY COMMUNICATIONS LTD PO BOX 693 BISMARCK ND 58501 ADVERTISING/MARKETING 342661 MILLENNIAL VISION 4578 HIGHLAND DR SALT LAKE CITY UT 84117 TECHNOLOGY 135698 KASASA LTD PO BOX 527 LUBBOCK TX 79408 MARKETING 132977 DOXIM PO BOX 933472 CLEVELAND OH 44193 STATEMENT/DOCUMENT PROCESSOR 100952 5 LOANS TO MEMBERS 522100 11965809 11965809 MISCELLANEOUS OPERATING INCOME 522100 2888601 2816601 72000 FEES AND CHARGES 522100 841020 813771 27249 15695430 4909993 4909993 12000 0 12000 12000 12000 CONTROLLED ENTITY SPECIFIC PAYMEN 561499 69600 69600 69600 20687023 15596181 168849 4921993 613867 5272012 -1947 1208544 410269 37749 30240 70000 657028 444551 552785 518616 21654 69106 1279809 756550 126618 INSTANT CASH EXPENSES 948329 LOAN AND MEMBER SERVICE 855532 EDP EXPENSE 485748 DUES AND SUBSCRIPTIONS 65498 217371 14639929 5269054 4846739 69266117 23385320 490000 0 1200745 1177079 202446777 243586007 439845 429070 24316340 16419458 8620464 7896882 139252405 138079884 732845 1033284 18788894 21306166 446507146 441740431 3024125 3750871 412674229 397985070 415698354 401735941 X 0 0 0 0 30808792 40004490 30808792 40004490 446507146 441740431 X 6047094 2367902 780702 X 0 1 X 1 0 492219 492219 17929768 10825076 7104692 236227 236227 0 5487762 5187791 299971 170364 170364 0 7896882 MEMBERSHIP FUNDS ON DEPOSIT 397920070 DEFINED BENEFIT PENSION LIABILITY 65000 397985070 X PART X, LINE 2: THE CREDIT UNION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPOR WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE CREDIT UNION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE CREDIT UNION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED TAX FILINGS ARE UP TO DATE. X X X 0 1 0 MELANIE STILLWELL CEO/PRESIDENT 416175 0 0 0 0 0 22500 0 25574 0 464249 0 0 0 JUSTIN MADDISON CHIEF FINANCIAL OFFICER 224992 0 0 0 0 0 21414 0 25574 0 271980 0 0 0 NICKOLAS DRESSLER AG/BUSINESS LOAN MANAGER 132898 0 0 0 0 0 8314 0 25574 0 166786 0 0 0 SCOTT SCHWINDT CHEIF OPERATIONS OFFICER 146476 0 0 0 0 0 14998 0 1790 0 163264 0 0 0 PART I, LINE 4B MELANIE STILLWELL, CEO/PRESIDENT, PARTICIPATES IN A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT WITH THE ORGANIZATION. MELANIE STILLWELL CEO/PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 1100000 1177079 0 1 1 1177079 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS OWNED BY ITS MEMBERS, WHICH ARE CUSTOMERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B ANY DECISION THAT INVOLVES A CHANGE IN THE BYLAWS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND CFO REVIEW THE TAX RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE COVERED BY A WRITTEN CONFLICT OF INTEREST POLICY THAT IS MONITORED BY THE BOARD OF DIRECTORS. EMPLOYEES AND BOARD MEMBERS MUST DISCLOSE FINANCIAL INVESTMENTS THEY OR THEIR IMMEDIATE FAMILY HAVE IN ANY FIRM THAT DOES BUSINESS WITH THE CREDIT UNION OR THAT COMPETES WITH THE CREDIT UNION. ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST MUST BE DISCLOSED AS IT ARISES. THE CREDIT UNUON MAY REQUIRE DIVESTITURE OF THE INTEREST IF IT CONSIDERS THE FINANCIAL INTEREST TO BE IN CONFLICT WITH THE BEST INTERESTS OF THE CREDIT UNION. POTENTIAL CONFLICTS ARE REVIEWED AND DETERMINATIONS ARE MADE BY THE PRESIDENT AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE LEVEL OF COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES ANNUALLY. THEY USE COMPARATIVE DATA FROM SIMILAR ORGANIZATIONS AND ALSO CONSIDER THE CURRENT ECONOMIC ENVIRONMENT TO ENSURE COMPENSATION IS REASONABLE FOR THE SERVICES PROVIDED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVALIABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT OBLIGATION 780,702. KRABSETH AGENCY INC 213 WASHINGTON AVE WILLISTON ND 58802 450455747 INSURANCE AGENCY ND CREDIT UNION SERVICES INC C 230817 151162 1.00000 1 CREDIT UNION SERVICES INC PO BOX 2237 WILLISTON ND 58802 450374282 INSURANCE ND WESTERN COOPERATIVE CREDIT UNION C 56273 507598 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 CREDIT UNION SERVICES INC A 69600 ACCRUAL CREDIT UNION SERVICES INC L 72000 ACCRUAL