2024-11-15T14:27:24-06:00 2023-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2023-01-01 596143861 GULF WINDS CREDIT UNION GULF 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 LARRY HAYES CFO 8504799601 2024-11-15 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2024-11-15 2023 2024-10-15 13:58:12Z LARRY HAYES 220 EAST NINE MILE ROAD PENSACOLA FL 32534 69645201 0 X WWW.GOGULFWINDS.COM X STATE-CHARTERED CREDIT UNION 1954 FL THE ORGANIZATION OFFERS A SUITE OF FINANCIAL SERVICES TO MEMBERS IN FLORIDA, ALABAMA, AND GEORGIA. 7 7 293 12 0 0 0 0 23459098 28936465 10779954 15452410 16886269 18626984 51125321 63015859 214495 175313 0 0 18373146 19763137 0 0 0 24053993 35504088 42641634 55442538 8483687 7573321 1035650446 1107021415 969386011 1030212462 66264435 76808953 X WE'RE ABOUT MORE THAN BANKING. - WE CARE FOR OUR TEAM, MEMBERS, AND COMMUNIES BY INVESTING IN THEIR SUCCESS. WE BELIEVE YOUR JOURNEY MATTERS. - WE GUIDE MEMBERS ALONG LIFE'S MOMENTS AND MILESTONES. WE PROVIDE SOLUTIONS, NOT OBSTACLES. - BACKED BY OUR PEOPLE, WE LEVERAGE TECHNOLOGY AND FINANCIAL RESOURCES TO PROVIDE A GREAT EXPERIENCE, SIMPLY. WE CREATE OPPORTUNITIES FOR A BETTER TOMORROW. - OUR STRENGTH PROVIDES THE PATH TO YOUR DREAMS. 0 0 IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS. TO MEET THE FINANCIAL NEEDS OF ITS MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST. 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 28817 0 1 293 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MYLENE KAIBIGAN 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 RL OSWALD SR CHAIRMAN 1.00 X 0 0 0 A LARRY MALTBY SECRETARY 1.00 X 0 0 0 DONNA LUEBBERS TREASURER 1.00 X 0 0 0 GERALD EADY DIRECTOR 1.00 X 0 0 0 ERIC HAINES DIRECTOR 1.00 X 0 0 0 SHELLY FOUNTAIN DIRECTOR 1.00 X 0 0 0 WILLIAM FRITCHMAN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER RUTLEDGE CEO 45.00 X 550024 0 41060 KURT STENERSON EVP OF DIGITAL INNOVATION 45.00 X 348013 0 30326 ASHLEY JANSKY EVP MEMBER EXPERIENCE 45.00 X 326901 0 44677 TERRY JOHNSON EVP OF STRATEGY AND PERFO 45.00 X 326733 0 46079 DANIEL SOUERS CEO 45.00 X 293924 0 53814 JARRELL FLANDERS COO 45.00 X 169642 0 28845 CLAY MALLARD FINANCIAL ADVISOR 45.00 X 169537 0 40973 STEPHANIE CHASE VP OF RISK MANAGEMENT 45.00 X 157680 0 33441 MITCHELL OLINSKY VP OF TECHNOLOGY OPERATIONS 45.00 X 153688 0 20352 SCOTT SLATTERY CLO 45.00 X 147195 0 15844 2643337 0 355411 21 0 1 0 Q2 SOFTWARE PO BOX 678272 DALLAS TX 752678272 ONLINE BANKING 1192450 JACK HENRY & ASSOCIATES INC 7400 CAHABA VALLEY ROAD BIRMINGHAM AL 35242 SOFTWARE 899165 FISERV 600 N VEL R PHILLIPS AVE MILWAUKEE WI 53203 PAYMENTS 891612 APPLEYARD AGENCY 4400 BAYOU BLVD SUITE 11 PENSACOLA FL 32503 ADVERTISING 591339 BUSINESS DATA INC 321 N OAK ST INGLEWOOD CA 90302 E-SERVICES 428493 29 INTEREST ON LOANS 522100 28936465 28936465 28936465 15601936 15601936 6479816 6629342 -149526 -149526 -149526 FEES AND SERVICE CHARGES 522100 17508517 17508517 INTERCHANGE INCOME 522100 1288880 1288880 GAIN ON REPOS 522100 53398 53398 -223811 -223811 18626984 63015859 47563449 0 15452410 175313 2061551 12947028 482085 3094166 1178307 74453 85000 1155112 1669967 1028388 3737751 327463 206561 365733 11133110 1415727 410535 PROVISION FOR LOAN LOSS 4991237 ATM AND DEBIT CARD EXPE 3009184 LOAN SERVICING 895919 MEMBER ACCOUNT EXPENSES 756441 4241507 55442538 7454488 8409352 49199047 80592697 641496163 723783109 4218634 4105704 36967825 21117931 16676971 15849894 304232070 261651925 530793 318476 11842280 12310258 1035650446 1107021415 53279675 44548851 916106336 985663611 969386011 1030212462 X 0 0 0 0 66264435 76808953 66264435 76808953 1035650446 1107021415 X 7573321 3152650 -181453 X X 0 1 X 1 0 5000 5000 5000 1 NATIONAL ASSOCIATION OF FEDERALLY-INSURED CREDIT UNIONS 3138 10TH STREET NORTH ARLINGTON VA 222012149 952642719 5000 PART I-A, LINE 1: THE NATIONAL ASSOCIATION OF FEDERALLY-INSURED CREDIT UNIONS (NAFCU) IS A DIRECT MEMBERSHIP ASSOCIATION FOR FEDERALLY-INSURED CREDIT UNIONS WHICH IS COMMITTED TO REPRESENTING, ASSISTING, EDUCATING AND INFORMING ITS MEMBER CREDIT UNIONS TO HELP THEM GROW, AND HELP GROW THE CREDIT UNION INDUSTRY. 1197895 1197895 35769930 21117931 14651999 15849894 ACCRUED INVESTMENT INCOME 493321 C RETIREMENT ASSETS 33699697 C OTHER INVESTMENTS 306911 C FEDERAL AGENCY SECURITIES 220310657 C CORP CU CAPITAL SHARES 1155339 C CERTIFICATES OF DEPOSIT 4961000 C FHLB STOCK 725000 C 261651925 MEMBER DEPOSITS 985663611 985663611 1 GULF WINDS CARES FOUNDATION 220 E NINE MILE ROAD PENSACOLA FL 32534 851861244 501(C)(3) 175313 0 FUNDING FOR COMMUNITY ORGANIZATIONS 1 PART I, LINE 2: GRANTS ARE CONTRIBUTED TO A GENERAL FUNDS ACCOUNT FOR USE AT THE DONEE ORGANIZATION'S DISCRETION. ADDITIONAL PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ARE AVAILABLE UPON REQUEST. X 1 1 X X X 0 1 0 CHRISTOPHER RUTLEDGE CEO 550024 0 0 0 0 0 9657 0 31403 0 591084 0 0 0 KURT STENERSON EVP OF DIGITAL INNOVATION 348013 0 0 0 0 0 6507 0 23819 0 378339 0 0 0 TERRY JOHNSON EVP OF STRATEGY AND PERFO 326733 0 0 0 0 0 6478 0 39601 0 372812 0 0 0 ASHLEY JANSKY EVP MEMBER EXPERIENCE 326901 0 0 0 0 0 6205 0 38472 0 371578 0 0 0 DANIEL SOUERS CEO 293924 0 0 0 0 0 10328 0 43486 0 347738 0 0 0 CLAY MALLARD FINANCIAL ADVISOR 169537 0 0 0 0 0 5703 0 35270 0 210510 0 0 0 JARRELL FLANDERS COO 169642 0 0 0 0 0 5998 0 22847 0 198487 0 0 0 STEPHANIE CHASE VP OF RISK MANAGEMENT 157680 0 0 0 0 0 4506 0 28935 0 191121 0 0 0 MITCHELL OLINSKY VP OF TECHNOLOGY OPERATIONS 153688 0 0 0 0 0 4519 0 15833 0 174040 0 0 0 SCOTT SLATTERY CLO 147195 0 0 0 0 0 1385 0 14459 0 163039 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT WITH THE FOLLOWING OFFICERS: ASHLEY JANSKY (EVP MEMBER EXPERIENCE), TERRY DALE JOHNSON (EVP OF STRATEGY AND PERFORMANCE), AND KURT STENERSON (EVP OF DIGITAL INNOVATION). THE 457(F) PLAN IS DESIGNED TO PROVIDE POST-RETIREMENT BENEFITS TO THE COVERED EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE GOVERNING BODY OF GULF WINDS CREDIT UNION IS OWNED AND CONTROLLED BY ITS MEMBERS AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. GULF WINDS CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF GULF WINDS CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THE ANNUAL MEMBERSHIP MEETING. THE BOARD OF DIRECTORS IS MADE UP OF TWELVE BOARD MEMBERS AND THE TERM FOR EACH BOARD MEMBER IS THREE YEARS. THE NOMINATING COMMITTEE WILL NOMINATE MEMBERS FOR OPEN BOARD POSITIONS OR MEMBERS MAY PLACE A NAME ON THEIR VOTING BALLOT BY PETITION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO THE APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD OR COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS, AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO AND CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C RISK MANAGEMENT IS RESPONSIBLE FOR SEEING THAT CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY, AND FOR INVESTIGATING AND REPORTING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE CEO'S SALARY. THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH BALANCED COMP DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. COMPENSATION FOR OTHER EMPLOYEES IS DETERMINED BY THE CEO IN ACCORDANCE WITH SALARY ADMINISTRATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED AT ALL THE BRANCHES. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 1,386,025. CECL ADJUSTMENT -1,567,478. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2(B) THE CREDIT UNION RECEIVES AN ANNUAL FINANCIAL STATEMENT AUDIT FROM INDEPENDENT ACCOUNTANTS. HOWEVER, THE AUDIT PERIOD IS FROM JULY 1 TO JUNE 30. THE MOST RECENT AUDITED FINANCIALS AS OF DECEMBER 31, 2023, ARE FOR THE YEAR ENDED JUNE 30, 2024. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2(C) THE CREDIT UNION HAS A SUPERVISORY COMMITTEE MADE UP OF MEMBER VOLUNTEERS WHO OVERSEE THE AUDIT OF THE CREDIT UNION'S FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. GULF WINDS CARES FOUNDATION 220 E NINE MILE ROAD PENSACOLA FL 32534 851861244 FUNDING FOR COMMUNITY ORGANIZATIONS PROVIDING SERVICES TO YOUTH AND SENIORS FL 501(C)(3) PF 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GULF WINDS CARES FOUNDATION B 175313 CASH VALUE