2023-08-14T16:54:40-05:00 2022-12-31 200794302 MBE CPAS LLP 1136 E MAIN STREET REEDSBURG WI 53959 990 2022-01-01 390966273 WESTBY CO-OP CREDIT UNION WEST 6086347615 PO BOX 70 WESTBY WI 54667 JOHN RUDIE CFO 6086347615 2023-08-14 1 JOHN RUDIE 999009999 0 RYAN WEBER CPA P01299128 6085248998 2023-08-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN RUDIE PO BOX 70 WESTBY WI 54667 40291199 0 X WCCUCREDITUNION.COOP X 1939 WI WESTBY CO-OP CREDIT UNION WILL PROVIDE SERVICES THAT ARE EFFICIENT, CONFIDENTIAL, AND ACCURATE IN A CONVENIENT AND FRIENDLY ENVIRONMENT. WE WILL BE COMPETITIVELY PRICED, TECHNOLOGICALLY ADVANCED AND ECONOMICALLY SOUND, AND SUPPORT OUR COMMUNITIES. 7 7 272 0 0 0 0 0 35268830 37711505 892446 2579694 0 0 36161276 40291199 0 0 0 0 13151369 14705938 0 0 0 11711468 15556482 24862837 30262420 11298439 10028779 763110609 834152989 648405447 717008712 114705162 117144277 WESTBY CO-OP CREDIT UNION WILL PROVIDE SERVICES THAT ARE EFFICIENT, CONFIDENTIAL, AND ACCURATE IN A CONVENIENT AND FRIENDLY ENVIRONMENT. WE WILL BE COMPETITIVELY PRICED, TECHNOLOGICALLY ADVANCED AND ECONOMICALLY SOUND, AND SUPPORT OUR COMMUNITIES. 0 0 PROVIDED 797 NEW LOANS TO MEMBERS THAT WERE FOR $2,000 OR LESS IN 2022. WE FUNDED 11,487 LOANS DURING 2022. AS OF 12/31/22, WE HAD 3,458 MORTGAGES/HOME EQUITY, 13,266 CONSUMER LOANS, 3,587 BUSINESS LOANS, AND 5,845 CREDIT CARD ACCOUNTS. PROVIDE LOW COST FINANCIAL SERVICES TO 40,396 MEMBERS. DURING 2022, WE OPENED 15,872 NEW DEPOSITS, TRANSACTION AND INVESTMENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16325 0 1 272 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 1 0 0 WI X JOHN RUDIE 6086343118 PO BOX 70 WESTBY WI 54667 MONTE TORGERSON CHAIRPERSON CREDIT COM 3.00 X 10125 0 0 KEVIN LARSON 2ND VICE CHAIR 1.00 X 7350 0 0 CHRISTINE SLOAT VICE CHAIRMAN IT COM 1.00 X 7275 0 0 ALAN BERG 2ND VICE CHAIR AUDIT COM 1.00 X 6000 0 0 WILLIAM MAROHL SECRETARY AUDIT COM 2.00 X 9750 0 0 JOANNE HURNFELD 2ND VICE CHAIR ALCO COM 1.00 X 6900 0 0 KEVIN HAUSER PRESIDENT/CEO 50.00 X X 262732 0 31504 JOHN RUDIE CFO 45.00 X X 203983 0 31289 MARLENE OLSON CXO 45.00 X X 161951 0 14229 TOM HAFEMANN CTO 45.00 X X 154144 0 7983 VINCENT PADUANO CLO 45.00 X X 160261 0 27343 ART SCHRADER CBDO 45.00 X X 153306 0 13649 SARAH MANI TREASURER ALCO COM 1.00 X 7400 0 0 GARLAND MCGONEY RETIRED CTO 45.00 X 90851 0 7534 1242028 0 133531 14 1 1 0 LA MACCHIA GROUP LLC 157 N MILWAUKEE ST MILWAUKEE WI 53202 CONSTRUCTION 1689018 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75257 SOFTWARE 517782 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 SOFTWARE 496345 CASE FINANCIAL 701 WEAVER BLVD NW ANOKA MN 55303 HARDWARE 468848 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE/HARDWARE 444189 17 LOAN INTEREST AND FEES 522100 37273907 37273907 LOAN INSURANCE 524298 437598 437598 37711505 2579694 2579694 40291199 37711505 0 2579694 1375559 10255936 667720 1559383 847340 330366 133212 2045 613355 1482000 2555847 754824 203552 174335 4700854 1307309 111662 LOAN EXPENSE 2178566 CARD EXPENSES 880241 DUES AND SUBSCRIPTIONS 128314 30262420 4243393 5953920 94202010 38400925 518450878 640980055 21019112 21541800 24788565 12575947 10866542 12212618 104578484 103423491 9750190 11640180 763110609 834152989 15107813 31647297 633297634 685361415 648405447 717008712 X 0 0 0 0 114705162 117144277 114705162 117144277 763110609 834152989 10028779 -7589664 0 X 1 X 0 0 0 2101474 2101474 13152752 5019353 8133399 9534339 7556594 1977745 12212618 INVESTMENTS 103423491 F 103423491 MEMBER SHARES AND DEPOSITS 685361415 685361415 0 1 0 KEVIN HAUSER PRESIDENT/CEO 253548 0 5600 0 3584 0 20863 0 10641 0 294236 0 0 0 JOHN RUDIE CFO 201383 0 2600 0 0 0 16756 0 14533 0 235272 0 0 0 VINCENT PADUANO CLO 157661 0 2600 0 0 0 12810 0 14533 0 187604 0 0 0 MARLENE OLSON CXO 159351 0 2600 0 0 0 13070 0 1159 0 176180 0 0 0 ART SCHRADER CBDO 150706 0 2600 0 0 0 12132 0 1517 0 166955 0 0 0 TOM HAFEMANN CTO 145622 0 2522 0 6000 0 0 0 7983 0 162127 0 0 0 GARLAND MCGONEY RETIRED CTO 90851 0 0 0 0 0 0 0 7534 0 98385 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY. AT DECEMBER 31, 2022, WESTBY CO-OP CREDIT UNION HAS 40,396 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NUCA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE CFO ACCUMULATES ALL 990 AND 990T INFORMATION. THE 990 AND THE 990T ARE REVIEWED BY THE GOVERNING BODY AND SENIOR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED FOR THE CEO BY USING A SALARY SURVEY. THE BOARD APPROVES THE PRESIDENT'S COMPENSATION AND THE PRESIDENT APPROVES EMPLOYEE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 WE POST OUR FINANCIAL STATEMENTS ON THE MEMBER BULLETIN BOARD IN OUR CREDIT UNION'S ENTRANCE ON AN ANNUAL BASIS. THE CONFLICT OF INTEREST POLICY AND THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.