2026-05-13T11:00:16-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2025-01-01 910712539 WHATCOM EDUCATIONAL CREDIT UNION WHAT 3606761168 21 BELLWETHER WAY 111 BELLINGHAM WA 98225 JENNIFER KUTCHER PRESIDENT/CEO 3607567716 2026-05-04 1 LISA N RYSSEL CPA P00643670 7147955370 2026-05-04 2025 2025-03-06 01:10:19Z WECU JENNIFER KUTCHER 21 BELLWETHER WAY 111 BELLINGHAM WA 98225 222521336 0 X WWW.WECU.COM X 1936 WA OUR MISSION IS TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF OUR MEMBERS. 10 0 480 10 47112 17034 0 0 135508581 164897008 28199353 18980126 2786804 573321 166494738 184450455 334397 351394 42146055 51028467 50614019 54821688 0 0 0 61197271 65970304 154291742 172171853 12202996 12278602 2957165947 3331778128 2607584743 2965285859 349581204 366492269 X WHATCOM EDUCATIONAL CREDIT UNION (WECU) IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WHERE MEMBERS ARE ENCOURAGED TO SAVE AND BORROW RESPONSIBLY AT FAIR AND COMPETITIVE RATES, IMPROVING THEIR FINANCIAL WELL-BEING AND STANDARD OF LIVING. THIS STATE-CHARTERED CREDIT UNION IS A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION SHARE INSURANCE FUND, AND IS REGULATED BY THE NATIONAL CREDIT UNION ASSOCIATION, AND THE STATE OF WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS - DIVISION OF CREDIT UNIONS. WECU'S MAIN PRODUCTS ARE CONSUMER LOANS, REAL ESTATE LOANS AND COMMERCIAL LOANS TO MEMBERS, WHICH ARE PRIMARILY FUNDED BY DEPOSITS FROM MEMBERS. FINANCIAL EDUCATION AND COMMUNITY SERVICE ARE ALSO AN INTEGRAL PART OF WECU'S OPERATIONS AND SPIRIT OF SERVICE. 0 0 LENDING:TOTAL OUTSTANDING LOANS INCREASED BY 7.8%, AMOUNTING TO $190.18 MILLION YEAR-OVER-YEAR (YOY). DESPITE A CHALLENGING ENVIRONMENT, WECU PROVIDED A TOTAL OF $715 MILLION IN LOANS TO MEMBERS WITHIN THE COMMUNITIES WE SERVE. DEPOSITS & LIQUIDITY: DEPOSITS FOR MEMBERS AND NON-MEMBERS GREW BY 15.5%, AMOUNTING TO $365.69 MILLION YEAR-OVER-YEAR (YOY). BORROWINGS DECREASED BY 14.6%, TOTALING $30.0 MILLION YOY. THESE INCREASES AND DECREASES ENABLED WECU TO SUSTAIN LIQUIDITY RESERVES THROUGHOUT 2025. THE INCREASE IN DEPOSITS SUGGESTS THAT THE CURRENT PRICING STRATEGY IS SUCCESSFULLY RETAINING AND ATTRACTING NEW DEPOSIT RELATIONSHIPS. ADDITIONALLY, WECU CONTRIBUTED TO THE ECONOMY BY DISTRIBUTING $51 MILLION IN DIVIDENDS. MEMBERSHIP GROWTH ALSO SAW A YOY INCREASE OF 2.82%. COMMUNITY INVOLVEMENT:WHILE TECHNICALLY NOT A CHARTERED SERVICE, WECU IS COMMITTED TO COMMUNITY SERVICE AND PROVIDES SUPPORT TO A LARGE NUMBER OF LOCAL EDUCATIONAL, HEALTH AND COMMUNITY CONCERNS. IN 2025, HELPING MEMBERS AND THE COMMUNITY AT LARGE CONTINUES TO BE A PRIMARY FOCUS. THIS WAS DEMONSTRATED THROUGH SEVERAL ACTIVITIES THROUGHOUT THE YEAR THROUGHOUT THE COUNTIES SERVED. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 87424 0 1 480 1 1 1 0 0 0 0 0 0 0 X 10 0 1 0 1 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X NICHOLAS HODSON 3606761168 21 BELLWETHER WAY 111 BELLINGHAM WA 98225 JENNIFER KUTCHER PRESIDENT & CEO 50.00 X 936965 0 84802 JEFFREY DYKSTRA - CHIEF STRAT. DEV. OFFICER (LEFT 10/2025) 45.00 X 663150 0 73259 JACK INGRAM CHIEF INFORMATION OFFICER 45.00 X 504264 0 73271 NICHOLAS HODSON CHIEF FINANCIAL OFFICER 45.00 X 415647 0 73425 CYNTHIA CHASE KLEIN CHIEF ADMINISTRATIVE OFFICER 45.00 X 367550 0 72171 GRANT DAVID DYKSTRA DIRECTOR, BUSINESS BANKING PROD. 40.00 X 327135 0 53537 MATTHEW HENRY BERENDSEN SENIOR VICE PRESIDENT, GROWTH 45.00 X 337360 0 38726 ERYNNE MARIA HALLOCK SENIOR VICE PRESIDENT, IMPACT 45.00 X 307233 0 55631 DAVID PIERCE JONES - CHIEF MARKETING OFFICER (LEFT 9/2025) 45.00 X 307994 0 43693 KENT BOUMA VICE PRESIDENT, BUSINESS BANKING 40.00 X 304601 0 41855 BOLORTSETSEG SMITH VICE PRESIDENT, INTERNAL AUDIT 45.00 X 232840 0 45902 PAUL COVER RE LOAN ORIGINATION OFFICER 40.00 X 239941 0 33645 DONAVON LEE SWINNEY VICE PRESIDENT, TECHNOLOGY 40.00 X 214972 0 53976 KERRI LYN HELM SENIOR VP, CHANNEL DELIVERY 40.00 X 218705 0 36921 NICHOLAS BORG REAL ESTATE LOAN OFFICER 40.00 X 198856 0 40682 GABRIEL MAST CHAIR 4.00 X X 37500 0 0 KURT WILLIS VICE CHAIR 4.00 X X 32500 0 0 CAROL LAGER SECRETARY 4.00 X X 31935 0 0 STEPHANIE MORRELL DIRECTOR 4.00 X 28185 0 0 KRISTI LEWIS TYRAN DIRECTOR 4.00 X 25565 0 0 DALE ZENDER DIRECTOR 4.00 X 25565 0 0 MARGO HAMMOND DIRECTOR 4.00 X 25000 0 0 JOHN STERNLICHT DIRECTOR 4.00 X 25000 0 0 ASHOK KHANNA DIRECTOR 4.00 X 16564 0 0 RACHEL VASAK DIRECTOR 4.00 X 13870 0 0 5838897 0 821496 92 0 1 0 FISERV INC 255 FISERV DR BROOKFIELD WI 53045 CORE SOFTWARE SYSTEM PROVIDER 2809352 MICROSOFT CORPORATION 1 MICROSOFT WAY REDMOND WA 98052 COMPUTER SOFTWARE PROVIDER 1691144 INFOIMAGE INC 175 S HILL DR BRISBANE CA 94005 MEMBER STATEMENT PROCESSING SERVICES 1557424 NEXTBRANCH LLC 854 W 450 N SUITE 4 KAYSVILLE UT 84037 ATM SERVICER 1374203 BANKINGON INC 1107 S 8TH ST SUITE F AUSTIN TX 78704 MOBILE BANKING SOFTWARE 1106738 29 INTEREST ON LOANS TO MEMBERS 522100 135851533 135851533 INTERCHANGE INCOME 522100 16460190 16460190 SERVICE CHARGES AND FEES 522100 12585285 12538173 47112 164897008 15909271 15909271 1791631 1980661 -189030 -189030 -189030 39161075 36090220 3070855 3070855 3070855 OTHER INCOME 900099 762351 762351 762351 184450455 164849896 47112 19553447 351394 51028467 5151195 34441644 3260564 8847176 3121109 155335 264790 39970 3278940 2724004 2230021 11395457 1371516 181606 317928 9347708 1901474 6094 UBI TAXES 2958 PROVISION FOR LOAN LOSS 20087300 CREDIT CARD EXPENSES 9856114 OTHER EXPENSES 2128764 680325 172171853 67707299 180496742 111431236 177321436 12388268 12512156 2444027092 2623500208 4142160 3967515 88149326 28236880 61476037 59912446 161556514 191218396 57016434 39188603 37420907 43660626 2957165947 3331778128 31895530 53328735 3426249 3946736 206000000 176000000 2366262964 2732010388 2607584743 2965285859 X 0 0 0 0 349581204 366492269 349581204 366492269 2957165947 3331778128 X 12278602 3755213 877250 X X 0 1 X 1 0 39970 0 0 39970 39970 1 GO WEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SUITE 11 SEATAC WA 98188 910460483 39970 0 1 X 7494248 7494248 61541984 13727387 47814597 2531578 660756 1870822 15212966 13848737 1364229 1368550 1368550 59912446 MEMBERS' SHARE AND SAVINGS ACCOUNT 2731487408 ACCRUED PENSIONS AND PROFIT SHARING 522980 2732010388 X 191063579 3755213 877250 4632463 186431116 -1980661 -1980661 184450455 174152514 1980661 1980661 172171853 0 172171853 PART IV, LINE 2B: MONEY RECEIVED WITH MORTGAGE PAYMENTS THAT IS HELD IN ESCROW FOR REAL ESTATE TAXES. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2025 AND 2024. THE CREDIT UNION'S 2022 THROUGH 2024 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON 457F ASSETS MOVED TO PART XI, LINE 9 877,250. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM THE STATEMENT OF FUNCTIONAL EXPENSE TO THE STATEMENT OF REVENUE -1,980,661. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM THE STATEMENT OF FUNCTIONAL EXPENSE TO THE STATEMENT OF REVENUE 1,980,661. 1 BELLINGHAM TECHNICAL COLLEGE 3028 LINDBERGH AVE BELLINGHAM WA 98225 911658027 8000 0 SCHOLARSHIPS WHATCOM COMMUNITY COLLEGE FOUNDATION 237 W KELLOG RD BELLINGHAM WA 98226 943064448 501(C)(3) 8000 0 EDUCATION GRANT SKAGIT VALLEY COLLEGE 2405 E COLLEGE WAY LEWIS HALL 113 MT VERNON WA 98273 910822539 8500 0 EDUCATION GRANT ECONOMIC DEVELOPMENT ALLIANCE OF SKAGIT COUNTY FOUNDATION 1932 E COLLEGE WY STE B MT VERNON WA 98273 911724682 501(C)(3) 11000 0 EDUCATION GRANT SKAGIT PRESCHOOL ASSOCIATION AND RESOURCE CENTER 320 PACIFIC PL MT VERNON WA 98273 910775902 501(C)(3) 11500 0 EDUCATION GRANT BELLINGHAM ARTS ACADEMY FOR YOUTH 1059 N STATE ST BELLINGHAM WA 98225 383868071 501(C)(3) 20000 0 EDUCATION GRANT WHATCOM LITERACY COUNCIL 3028 LINDBERGH AVE BUILDING A BELLINGHAM WA 98225 911220307 501(C)(3) 20000 0 EDUCATION GRANT WESTERN WASHINGTON UNIVERSITY FOUNDATION 516 HIGH ST BELLINGHAM WA 98226 916073519 501(C)(3) 71350 0 SCHOLARSHIPS COMMUNITIES IN SCHOOLS OF WHATCOM COUNTY 2717 ALDERWOOD AVE BELLINGHAM WA 98225 640956619 501(C)(3) 20000 0 EDUCATION GRANT FUTURESNW PO BOX 28237 BELLINGHAM WA 98225 272997677 501(C)(3) 15000 0 EDUCATION GRANT WILD WHATCOM 1015 GIRARD ST BELLINGHAM WA 98225 900791289 501(C)(3) 13750 0 EDUCATION GRANT AND SCHOLARSHIPS GOWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98003 910460483 30366 0 ADVOCACY THE WHATCOM DISPUTE RESOLUTION CENTER 206 PROSPECT ST BELLINGHAM WA 98225 911552277 501(C)(3) 14250 0 GENERAL SUPPORT 10 3 PART I, LINE 2: WHATCOM EDUCATIONAL CREDIT UNION PROVIDES GRANT FUNDING ONLY TO LOCAL, REPUTABLE ORGANIZATIONS WHO HAVE A VERIFIED PURPOSE AND PRESENCE IN THE COMMUNITY. WHATCOM EDUCATIONAL CREDIT UNION PROVIDES SCHOLARSHIP FUNDING TO LOCAL SECONDARY EDUCATION INSTITUTIONS. THE FUNDS ARE PROVIDED TO SCHOOL SCHOLARSHIP FOUNDATIONS WHO THEN DETERMINE THE MOST DESERVING RECIPIENTS. X 1 1 X X X 1 1 0 JENNIFER KUTCHER PRESIDENT & CEO 711321 0 178355 0 47289 0 54500 0 30302 0 1021767 0 0 0 JEFFREY DYKSTRA - CHIEF STRAT. DEV. OFFICER (LEFT 10/2025) 319704 0 93061 0 250385 0 42505 0 30754 0 736409 0 0 0 JACK INGRAM CHIEF INFORMATION OFFICER 399827 0 78240 0 26197 0 36350 0 36921 0 577535 0 0 0 NICHOLAS HODSON CHIEF FINANCIAL OFFICER 341401 0 66983 0 7263 0 36504 0 36921 0 489072 0 0 0 CYNTHIA CHASE KLEIN CHIEF ADMINISTRATIVE OFFICER 302870 0 60600 0 4080 0 34750 0 37421 0 439721 0 0 0 GRANT DAVID DYKSTRA DIRECTOR, BUSINESS BANKING PROD. 196876 0 129528 0 731 0 16616 0 36921 0 380672 0 0 0 MATTHEW HENRY BERENDSEN SENIOR VICE PRESIDENT, GROWTH 265990 0 52201 0 19169 0 0 0 38726 0 376086 0 0 0 ERYNNE MARIA HALLOCK SENIOR VICE PRESIDENT, IMPACT 254884 0 51023 0 1326 0 18710 0 36921 0 362864 0 0 0 DAVID PIERCE JONES - CHIEF MARKETING OFFICER (LEFT 9/2025) 165503 0 47466 0 95025 0 34750 0 8943 0 351687 0 0 0 KENT BOUMA VICE PRESIDENT, BUSINESS BANKING 250642 0 52201 0 1758 0 4934 0 36921 0 346456 0 0 0 BOLORTSETSEG SMITH VICE PRESIDENT, INTERNAL AUDIT 191168 0 40202 0 1470 0 7980 0 37922 0 278742 0 0 0 PAUL COVER RE LOAN ORIGINATION OFFICER 229876 0 9141 0 924 0 0 0 33645 0 273586 0 0 0 DONAVON LEE SWINNEY VICE PRESIDENT, TECHNOLOGY 205445 0 8816 0 711 0 16054 0 37922 0 268948 0 0 0 KERRI LYN HELM SENIOR VP, CHANNEL DELIVERY 204577 0 8461 0 5667 0 0 0 36921 0 255626 0 0 0 NICHOLAS BORG REAL ESTATE LOAN OFFICER 198289 0 0 0 567 0 3564 0 37118 0 239538 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDES PAYMENT FOR TRAVEL FOR COMPANIONS FOR MEMBERS OF MANAGEMENT AND BOARD MEMBERS. THIS IS INCLUDED IN TAXABLE INCOME. PART I, LINES 4A-B THE CREDIT UNION PAID JEFFREY DYKSTRA, CHIEF STRATEGIC DEVELOPMENT OFFICER AND DAVID PIERCE JONES, CHIEF MARKETING OFFICER, SEVERANCE PAYMENTS OF $191,832 AND $81,540 (RESPECTIVELY) DURING THE YEAR. THE CREDIT UNION MADE NO DISTRIBUTIONS FROM A 457(F) PLAN DURING THE YEAR. THE CREDIT UNION MADE THE FOLLOWING 457(F) PLAN CONTRIBUTIONS DURING THE YEAR. - JENNIFER KUTCHER, PRESIDENT & CEO, $23,500 - JACK INGRAM, CHIEF OPERATING OFFICER, $12,850 - JEFFREY DYKSTRA, CHIEF STRATEGIC DEVELOPMENT OFFICER, $11,505 - NICHOLAS HODSON, CHIEF FINANCIAL OFFICER, $5,504 THE CREDIT UNION HAS MADE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO A KEY EMPLOYEE. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH SURRENDER VALUES OF THE RESPECTIVE LIFE INSURANCE POLICIES, AND THE FAIR VALUE OF AN ANNUITY. THE POLICIES ARE OWNED BY THE EMPLOYEE AND THEY HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENTS INCLUDE A RECOURSE PROVISION WHEREBY THE CREDIT UNION HAS THE INTENT TO SEEK COLLECTION OUTSIDE THE LIFE INSURANCE POLICY IF THE EXECUTIVE WERE TO BE TERMINATED WITH OR WITHOUT CAUSE AND THE EXECUTIVES HAVE THE FINANCIAL ABILITY TO REPAY THE LOAN. THE LOAN TO THE EXECUTIVE IS NOT DUE UNTIL DEATH AT WHICH TIME THERE IS ANTICIPATED TO BE SUFFICIENT INSURANCE POLICY PROCEEDS TO REPAY THE PREMIUM LOAN PLUS ACCRUED INTEREST. JENNIFER KUTCHER PRESIDENT & CEO SPLIT DOLLAR LIFE INSURANCE LOAN X 11073912 12512156 0 1 1 12512156 FORM 990, PART VI, SECTION A, LINE 2 JEFFREY DYKSTRA AND GRANT DYKSTRA HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING THE TAX YEAR, THE BYLAWS WERE AMENDED TO UPDATE GOVERNANCE PROCEDURES, INCLUDING AUTHORIZING THE BOARD CHAIR TO APPOINT THE NOMINATING COMMITTEE AND ITS CHAIR, CLARIFYING VOTING PROCEDURES AND THE PROCESS FOR FILLING BOARD VACANCIES BASED ON VOTE TOTALS, AND ADDING REFERENCES TO THE ORGANIZATION'S GOVERNANCE POLICIES AND GUIDELINES FOR ADDITIONAL INFORMATION REGARDING BOARD TERM LIMITS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO ANYONE WHO LIVES, WORKS, WORSHIPS OR ATTENDS SCHOOL IN WASHINGTON, AND RELATIVES OF ALL MEMBERS. THE CREDIT UNION'S MEMBERS RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. ELECTIONS ARE HELD ANNUALLY OR AS VACANCIES ARISE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WECU'S CONFLICT OF INTEREST POLICY FOCUSES ON DEFINING AND PREVENTING CONFLICTS OF INTEREST. BEFORE ENGAGING IN ANY ACTIVITY, TRANSACTION, OR BEFORE ENTERING INTO ANY RELATIONSHIP THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST, EMPLOYEES MUST SEEK REVIEW FROM THEIR MANAGERS, THE INTERNAL AUDITOR, OR THE HUMAN RESOURCES DEPARTMENT. WECU'S HUMAN RESOURCES DEPARTMENT, STAFF LIAISON, AND INTERNAL AUDITOR ARE RESPONSIBLE FOR ENSURING THAT NO CONFLICT OF INTERESTS OCCUR THAT COULD HAVE A NEGATIVE EFFECT ON WECU. IF ANYONE SUSPECTS A CONFLICT OF INTEREST, IT IS REPORTED TO MANAGEMENT, THE STAFF LIAISON, THE HUMAN RESOURCES DEPARTMENT, OR THE INTERNAL AUDITOR. WECU HAS VARIOUS ANNUAL REVIEWS AND CONTROLS IN PLACE TO MONITOR SITUATIONS IN WHICH A CONFLICT OF INTEREST MIGHT ARISE, WHICH ARE PERFORMED BY MANAGEMENT, OR OUR INTERNAL AUDITOR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE DETAILS OF THE EMPLOYMENT CONTRACT SET FORTH BETWEEN THE BOARD OF DIRECTORS AND THE PRESIDENT/CEO AND PROVIDED FOR IN THE ANNUAL WECU CEO COMPENSATION & PERFORMANCE PLAN. THE BOARD WORKS WITH AN INDEPENDENT CONSULTANT WHO UTILIZES NATIONAL SURVEYS AND OTHER DATA TO HELP INFORM THE COMPENSATION OUTLINED IN THE PLAN. THIS WAS LAST COMPLETED IN 2025. THE CREDIT UNION HAS ENGAGED AN INDEPENDENT CONSULTANT TO ENSURE THAT PAY RATES FOR OTHER OFFICERS AND KEY EMPLOYEES ARE COMPETITIVE WITHIN THE MARKETPLACE. THE CONSULTANT UTILIZES A NUMBER OF COMPENSATION SURVEYS TO HELP DETERMINE THE OVERALL SALARY STRUCTURE OF THE ORGANIZATION. COMPENSATION DECISIONS ARE DOCUMENTED IN THE PERSONNEL FILE. THIS WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 WECU HAS A MEMBER RIGHTS POLICY IN WHICH WE OUTLINE HOW OUR MEMBERS CAN REQUEST AND RECEIVE CREDIT UNION CORPORATE RECORDS, WHICH INCLUDE OUR ARTICLES AND BYLAWS, MINUTES OF OUR MEMBERSHIP MEETINGS, FINANCIAL REPORTS, CODE OF ETHICS AND BOARD GOVERNANCE POLICIES. A MEMBER REQUEST MUST BE SUBMITTED IN WRITING TO THE CREDIT UNION AND SPECIFICALLY IDENTIFY THE DISCLOSABLE RECORDS REQUESTED. THE CREDIT UNION MAY REQUIRE THE MEMBER TO SIGN A CONFIDENTIALITY AGREEMENT TO PROTECT THE CREDIT UNION FROM UNAUTHORIZED DISCLOSURE OF CERTAIN PROPRIETARY INFORMATION. IF ANY DOCUMENTS CONTAIN MEMBER INFORMATION, IT WILL BE EXPUNGED FROM THE DOCUMENT BEFORE BEING PROVIDED TO THE PUBLIC. FORM 990, PART XI, LINE 9: GAIN ON 457F ASSETS 877,250. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR SELECTING AN INDEPENDENT AUDITOR AND FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT DID NOT CHANGE DURING THE YEAR.