2025-04-11T11:48:34-04:00 2024-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2024-01-01 410787859 WEST METRO SCHOOLS CREDIT UNION WEST 9529884165 1001 HIGHWAY 7 RM 249 HOPKINS MN 55305 CRYSTAL SCHUMAN PRESIDENT 9529884165 2025-04-04 true true PETER RASMUSSEN P01888997 6083173765 2025-04-11 X 2024 2025-03-06 01:10:19Z CRYSTAL SCHUMAN 1001 HIGHWAY 7 RM 249 HOPKINS MN 55305 2318073 false X WMSCU.ORG X 1954 MN WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS. 7 7 8 9 0 0 1493762 1806380 387605 499973 3324 3253 1884691 2309606 6000 6000 0 507556 551799 0 0 1089045 1477983 1602601 2035782 282090 273824 39203569 40368184 32203079 33093870 7000490 7274314 X WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 140 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 2,644 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 497 NEW LOANS TO MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 1,743 LOANS TO OUR MEMBERS. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1118 0 true 8 true false false false false false false false false X 7 7 false false false false true true true true true false false false true false false true true true false false X CRYSTAL SCHUMAN 9529884165 1001 HIGHWAY 7 RM 249 HOPKINS MN 55305 CRYSTAL SCHUMAN PRESIDENT 40.00 X 140126 0 31961 MARY KAY MYRMEL CAHIR 2.00 X X 0 0 0 LISA WALKER VICE CHAIR 2.00 X X 0 0 0 BETTY MAGNUSON SECRETARY 1.50 X X 0 0 0 JOHN TOOP DIRECTOR 1.00 X 0 0 0 PATRICIA WRIGHT DIRECTOR 1.00 X 0 0 0 THOMAS OPITZ DIRECTOR 1.00 X 0 0 0 COLLEEN LUCK DIRECTOR 1.00 X 0 0 0 140126 31961 1 false true false INTEREST ON LOANS 522130 1667963 1667963 OTHER MEMBER RELATED INCOME 522130 112555 112555 MEMBER FEE INCOME 522130 25862 25862 1806380 499346 499346 3253 3253 9094 8467 627 627 627 2309606 1807007 502599 6000 140126 291020 23055 63863 33735 3986 14400 43090 29826 320918 118502 36828 12254 3 21193 21107 DIVIDENDS EXPENSE 688508 CREDIT LOSS EXPENSE 120153 LOAN SERVICING EXPENSE 47215 2035782 0 0 0 71629 74737 5713829 7017486 859213 21814699 21461716 83200 29859 201704 161280 38030 40424 10778181 10191181 704001 693568 39203569 40368184 109855 33090 32093224 33060780 32203079 33093870 X 7000490 7274314 7000490 7274314 39203569 40368184 273824 X false false 35523 27760 7763 162431 133520 28911 3750 3750 40424 INVESTMENTS WITH MATURITY > 1 YEAR 10150000 C CAPITAL ACCTS CORPORATE CREDIT UNIOI 20665 C INVESTMENT SERVION CUSO 12500 C INVESTMENT TRELLANCE CUSO 8016 C 10191181 MEMBER SHARES AND DEPOSITS 32812501 457 B PLAN 247895 ALLOWANCE OF BAL SHT CREDIT LOSSES 384 33060780 X X X false true false CRYSTAL SCHUMAN PRESIDENT 123757 15469 900 7425 24536 172087 SCHEDULE J, PART III RE 4B. THE ORGANIZATION DEPOSITED FUNDS INTO A LIFE INSURANCE POLICY ON THE PRESIDENT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, THE PRESIDENT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. PRESIDENT CRYSTAL SCHUMAN PARTICIPATES IN A 457(B) PLAN. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN. CRYSTAL SCHUMAN PRESIDENT FUND PURCHASE CASD LIFE INSUR POLIC X 850000 859213 false true true 859213 SCHEDULE L, PART V THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT THE IRS REFERS TO AS COLLATERAL ASSIGNMENT SPLIT DOLLAR (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN PART II, ABOVE, FOR LOANS TO INTERESTED PERSONS, CASD IS NOT AN ACTUAL LOAN. THERE IS NEITHER A TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION FOR THE PARTICIPANT TO PAY THOSE FUNDS BACK. INSTEAD, THE CREDIT UNION RECOVERS ITS OUTLAYS PLUS INTEREST FROM THE UNDERLYING POLICY. FORM 990 - ORGANIZATION'S MISSION WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT PROVIDES THE NECESSARY INFORMATION TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. THE PRESIDENT REVIEWS THE RETURN FOR ACCUARCY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 15A THE PERSONNEL COMMITTEE GIVES THE BOARD OF DIRECTORS A RECOMMENDATION FOR THE COMPENSATION OF THE PRESIDENT. THE BOARD MAKES THE FINAL DETERMINATION AND APPROVES THE PRESIDENT'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE HOPKINS OFFICE. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH.