2024-08-14T09:55:00-04:00 2023-12-31 383133790 ANDREWS HOOPER PAVLIK PLC 5300 GRATIOT RD SAGINAW MI 486386035 990 2023-01-01 380996065 WILDFIRE CREDIT UNION WILD 9892498200 6640 BAY ROAD SAGINAW MI 48604 ROBERT C TRUMBLE CFO 9892498200 2024-07-22 true true KEVIN B HUNT P01830636 9894975300 2024-08-14 2023 2024-08-08 14:25:15Z ROBERT C TRUMBLE 6640 BAY ROAD SAGINAW MI 48604 114981784 false X WWW.WILDFIRECU.ORG X CREDIT UNION 1937 MI TO PROVIDE LOW/NO COST FINANCIAL PRODUCTS AND SERVICES TO MEMBER OWNERS WHO SHARE A COMMON BOND. 7 7 234 9 77310 47323 0 34227866 39646160 8110657 10111786 0 42338523 49757946 0 0 15091389 16255722 0 0 22258624 33750102 37350013 50005824 4988510 -247878 1031748656 1075470650 942342296 975323286 89406360 100147364 TO PROVIDE LOW/NO COST FINANCIAL PRODUCTS AND SERVICES TO MEMBER OWNERS WHO SHARE A COMMON BOND. false false PROVIDED 48,083 MEMBERS WITH HIGH-YIELDING, NO COST SAVINGS AND TRANSACTION ACCOUNTS. THE TOTAL NUMBER OF ACCOUNTS IS 120,158 AND INCLUDES SHARE ACCOUNTS, CHECKING ACCOUNTS, SMALL BUSINESS DEPOSITS, CHRISTMAS CLUBS, IRAS, HIGH-YIELD ACCOUNTS AND CERTIFICATES OF DEPOSITS. PROVIDED 35,840 LOW RATE LOANS TO MEMBERS INCLUDING VEHICLE, MORTGAGE/HOME EQUITY, SMALL BUSINESS, CREDIT CARDS AND OTHER PERSONAL LOANS. PROVIDED NO/LOW COST FINANCIAL PRODUCTS AND SERVICES INCLUDING AUTOMATED TELLER MACHINE ACCESS, DEBIT CARDS, MONEY ORDERS, TRAVELERS CHECKS, AND WIRE TRANSFERS. false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false true false false false false false false false false false true 19868 0 true 234 true true true false false false false false false false X 7 7 false false false false true true true true true false true true true false true true true true false X ROBERT C TRUMBLE CFO 9892498200 6640 BAY ROAD SAGINAW MI 48604 TIMOTHY W BENECKE PRESIDENT/CE 40.00 X 1056106 0 308853 ROBERT C TRUMBLE CFO 40.00 X 331751 0 83888 MARK SCHUILING CHIEF TECHNO 40.00 X 286585 0 41947 TRACY KAUFMAN CHIEF LENDIN 40.00 X 250062 0 47455 MICHAEL ZEIMEN CHIEF DATA O 40.00 X 219896 0 35259 ANDREA HALES CHIEF BUSINE 40.00 X 198124 0 35725 KIMBERLY EGELER CHIEF BRANCH 40.00 X 177692 0 33110 ANDREW BETHUNE TREASURER 2.00 X X 0 0 0 JENNA DOST VICE CHAIRPE 2.00 X X 0 0 0 RODNEY L FRANCIS SECRETARY 2.00 X X 0 0 0 GENE ROUSSEAU DIRECTOR 2.00 X 0 0 0 JEANELLE SMITH DIRECTOR 2.00 X 0 0 0 PAUL D SUDHOFF DIRECTOR 2.00 X 0 0 0 KEN VOELKER CHAIRPERSON 2.00 X X 0 0 0 2520216 586237 29 false true false LOAN INTEREST 522291 28753674 28753674 FEE/OTHER INCOME 524298 10815176 10815176 INSURANCE 524298 77310 77310 39646160 10179861 10179861 65059064 96699 65024483 199355 34581 -102656 -68075 -68075 49757946 49680636 77310 1210598 12001843 1040674 1033831 968776 39436 143057 203438 818825 740166 5187763 3428101 966832 254809 16136 14328604 1399395 177323 LOAN SERVICING 2757137 PROVISION FOR LOAN LOSSES 2416949 MARKETING 544971 REPAIRS AND MAINT 181016 146144 50005824 0 0 0 5001482 5041572 5764182 25610083 549114638 589751698 3141094 3078488 43510160 25598486 18567853 17911674 433329993 417558796 16829414 16518339 1031748656 1075470650 8709343 11086360 923864 858730 932709089 963378196 942342296 975323286 X 89406360 100147364 89406360 100147364 1031748656 1075470650 X -247878 13455812 -2466930 X false true X true false 1749048 1749048 18530787 5588800 12941987 318453 135518 182935 19302739 16963043 2339696 3609133 2911125 698008 17911674 AVAILABLE-FOR-SALE SECURITIES 366409564 F OTHER INVESTMENTS 38094654 C DEFERRED COMPENSATION MUTUAL FUNDS 4831228 F TOTAL BENEFITS PREFUNDING MUTUAL FND 4195592 F CENTRAL LIQUIDITY FACILITY 2742062 C CUSO INVESTMENTS 1285696 C 417558796 MEMBER SHARES 963378196 963378196 50170003 412057 412057 49757946 49757946 50417881 412057 412057 50005824 50005824 SCHEDULE D, PAGE 4, PART XI, LINE 2D LOSSES REPORTED AS EXPENSE ON AFS 412,057 SCHEDULE D, PAGE 4, PART XII, LINE 2D LOSSES REPORTED AS EXPENSE ON AFS 412,057 X true true X X X X X false true false TIMOTHY W BENECKE PRESIDENT/CEO 442596 35986 577524 268437 40416 1364959 570000 ROBERT C TRUMBLE CFO 311509 18239 2003 47228 36660 415639 MARK SCHUILING CHIEF TECHNOLOGY OFF 270387 15831 367 9734 32213 328532 TRACY KAUFMAN CHIEF LENDING OFF 235755 13744 563 20704 26751 297517 MICHAEL ZEIMEN CHIEF DATA OFFICER 206215 12067 1614 35259 255155 ANDREA HALES CHIEF BUSINESS OFF 185909 10884 1331 35725 233849 KIMBERLY EGELER CHIEF BRANCH OFFICER 166872 9768 1052 33110 210802 SCHEDULE J, PAGE 1, PART I, LINE 4 TIMOTHY W. BENECKE 0 570,000 0 SCHEDULE J, PART III THE CREDIT UNION OFFERS TRAVEL RELATED EXPENSES FOR COMPANIONS OF NON- COMPENSATED BOARD MEMBERS. ALL VOLUNTEER BOARD MEMBERS ARE ELIGIBLE FOR THIS BENEFIT, HOWEVER, NOT ALL TAKE ADVANTAGE OF THIS BENEFIT. IN THE CURRENT YEAR, 2 BOARD MEMBERS TOOK ADVANTAGE OF THIS BENEFIT. THIS BENEFIT IS TAXABLE AND WAS REPORTED ON FORM 1099-MISC TO EACH COMPANION. GRETCHEN TRUMBLE FAMILY 76255 SALARY & BENEFITS false FORM 990 ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 6 ALL MEMBERS OF THE CREDIT UNION ARE OF THE SAME CLASS. EACH MEMBER HAS THE RIGHT TO VOTE FOR INDIVIDUALS SERVING ON THE VOLUNTEER BOARD OF DIRECTORS AT EACH ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED AT THE ANNUAL MEETING BY THE MEMBERSHIP PRESENT AT THE MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PAGE 6, PART VI, LINE 7B BOARD OF DIRECTOR DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS, CHARTER CHANGES, BY-LAW CHANGES AND FIELD OF MEMBERSHIP CHANGES. FORM 990, PAGE 6, PART VI, LINE 11B A REVIEW IS CONDUCTED BY THE CFO PRIOR TO SUBMISSION TO THE IRS. THE RETURN IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS COMPLETES AN EVAULATION OF THE PRESIDENT/CEO. THE BOARD OF DIRECTORS SETS THE SALARY OF THE PRESIDENT/CEO. THE CREDIT UNION USES THE SERVICES OF A PROFESSIONAL COMPENSATION CONSULTING FIRM TO DETERMINE APPROPRIATE COMPENSATION RANGES. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT/CEO EVALUATES THE CFO. ALL STAFF SALARY INCREASES (EXCLUDING THE PRESIDENT/CEO) ARE SET BY THE PRESIDENT/CEO AND APPROVED BY THE BOARD OF DIRECTORS. THE CREDIT UNION USES THE SERVICES OF A PROFESSIONAL COMPENSATION CONSULTING FIRM TO DETERMINE APPROPRIATE COMPENSATION RANGES. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH OFFICE LOBBIES. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9 UNAMORTIZED TRANSITION OBLIGATION AND OTHER GAINS 147,726 UNREALIZED HOLDING GAINS ON OTHER INVESTMENTS 461,572 CHANGE IN ACCOUNTING PRINCIPLE -3,076,228 TOTAL -2,466,930 THE DECREASE IN NET ASSETS OF 3,076,228 WAS DUE TO THE ADOPTION OF THE NEW ACCOUNTING STANDARD - MEASUREMENT OF CREDIT LOSSES ON FINANCIAL INSTRUMENTS. THE FOLLOWING DETAILS THE IMPACT OF THE ADOPTION OF ASC 326: INCREASE IN ALLOWANCE FOR CREDIT LOSSES ON LOANS 3,007,053 INCREASE IN OFF-BALANCE SHEET EXPOSURE LIABILITY 69,175 ---------- DECREASE IN NET ASSETS DUE TO ASC 326 3,076,228