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GULF WINDS CREDIT UNION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GULF WINDS CREDIT UNION (EIN 59-6143861)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202333199349307398
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-15T10:31:39-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454084437PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WARREN AVERETT LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 W CEDAR STREET SUITE 400AddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32502ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN596143861EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GULF WINDS CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGULFBusinessNameControlTxt
Phone8504799601PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 EAST NINE MILE ROADAddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32534ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDALE JOHNSONPersonNm
Person TitleEVP OF STRATEGY AND PERFORMANCEPersonTitleTxt
Phone8504799601PhoneNum
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDALEPersonFirstNm
Person LastJOHNSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCLAIRE C DUREN CPAPreparerPersonNm
PTINP01577924PTIN
Phone8504357400PhoneNum
Preparation2023-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDALE JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 EAST NINE MILE ROADAddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32534ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$92,296,741GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.GOGULFWINDS.COMWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscSTATE-CHARTERED CREDIT UNIONOtherOrganizationDsc
Formation1954FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION OFFERS A SUITE OF FINANCIAL SERVICES TO MEMBERS IN FLORIDA, ALABAMA, AND GEORGIA.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee296TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$20,681,189PYProgramServiceRevenueAmt
CY Program Service Revenue$23,459,098CYProgramServiceRevenueAmt
PY Investment Income$8,761,486PYInvestmentIncomeAmt
CY Investment Income$10,779,954CYInvestmentIncomeAmt
PY Other Revenue$15,899,395PYOtherRevenueAmt
CY Other Revenue$16,886,269CYOtherRevenueAmt
PY Total Revenue$45,342,070PYTotalRevenueAmt
CY Total Revenue$51,125,321CYTotalRevenueAmt
PY Grants And Similar Paid$2,222,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$214,495CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$16,437,860PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$18,373,146CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$20,627,450PYOtherExpensesAmt
CY Other Expenses$24,053,993CYOtherExpensesAmt
PY Total Expenses$39,287,810PYTotalExpensesAmt
CY Total Expenses$42,641,634CYTotalExpensesAmt
PY Revenues Less Expenses$6,054,260PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,483,687CYRevenuesLessExpensesAmt
Total Assets BOY$1,014,783,334TotalAssetsBOYAmt
Total Assets EOY$1,035,650,446TotalAssetsEOYAmt
Total Liabilities BOY$925,535,507TotalLiabilitiesBOYAmt
Total Liabilities EOY$969,386,011TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$89,247,827NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$66,264,435NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWE'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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescIN 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTO 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.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document26528IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee296EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MYLENE KAIBIGANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8504799601PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 EAST NINE MILE ROADAddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32534ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
WILLIAM FRITCHMAN
DIRECTOR1.00Yes (X)$0$0$0
RL OSWALD SR
CHAIRMAN1.00Yes (X)$0$0$0
GERALD EADY
VICE CHAIRMAN1.00Yes (X)$0$0$0
JACK WILLIAMS
TREASURER1.00Yes (X)$0$0$0
A LARRY MALTBY
SECRETARY1.00Yes (X)$0$0$0
SHELLY FOUNTAIN
DIRECTOR1.00Yes (X)$0$0$0
VANCE BATEMAN
DIRECTOR1.00Yes (X)$0$0$0
CHRIS BROOKS
DIRECTOR1.00Yes (X)$0$0$0
JIM TAYLOR
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER RUTLEDGE
CEO45.00$1,045,202$0$21,852Yes (X)
KURT STENERSON
EVP OF DIGITAL INNOVATION45.00$236,985$0$20,805Yes (X)
ASHLEY JANSKY
EVP MEMBER EXPERIENCE45.00$213,905$0$23,385Yes (X)
TERRY JOHNSON
EVP OF STRATEGY AND PERFO45.00$200,346$0$25,226Yes (X)
JOANNE HYATT
SVP CHIEF LENDING OFFICER45.00$181,012$0$17,048Yes (X)
PATRICK WENDOLEK
SVP/CIO45.00$187,626$0$15,863Yes (X)
STEPHANIE CHASE
VP OF RISK MANAGEMENT45.00$147,245$0$13,745Yes (X)
MITCHELL OLINSKY
VP OF ENTERPRISE APPLICATION45.00$151,964$0$8,191Yes (X)
BRUCE MCCLURE
INFORMATION SECURITY OFFICER45.00$130,123$0$7,638Yes (X)
DOUGLAS SIGMON
VP OF COLLECTIONS45.00$123,970$0$15,790Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,618,378TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$169,543TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K19IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
BUSINESS DATA INC
321 N OAK STINGLEWOODCA90302E-SERVICES$1,275,934
Q2 SOFTWARE
PO BOX 678272DALLASTX752678272ONLINE BANKING$1,093,651
JACK HENRY & ASSOCIATES INC
7400 CAHABA VALLEY ROADBIRMINGHAMAL35242SOFTWARE$938,559
DUNCAN MCCALL ADVERTISING
4400 BAYOU BLVD SUITE 11PENSACOLAFL32503ADVERTISING$791,239
NCUA PAYMENT PROCESSING
1775 DUKE STALEXANDRIAVA22314PAYMENTS$608,320
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K24CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINTEREST ON LOANSDesc
Business522100BusinessCd
Total Revenue Column$23,459,098TotalRevenueColumnAmt
Related Or Exempt Func Income$23,459,098RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$23,459,098TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,167,917TotalRevenueColumnAmt
Exclusion$11,167,917ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$40,783,457SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$41,170,181SecuritiesAmt
Other$1,239OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$386,724SecuritiesAmt
Other-$1,239OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$387,963TotalRevenueColumnAmt
Exclusion-$387,963ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FEES AND SERVICE CHARGES522100$15,847,655$15,847,655
INTERCHANGE INCOME522100$1,244,457$1,244,457
GAIN ON OREO522100$12,048$12,048

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$217,891TotalRevenueColumnAmt
Related Or Exempt Func Income-$217,891RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$16,886,269OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,125,321TotalRevenueColumnAmt
Related Or Exempt Func Income$40,345,367RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$10,779,954ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$214,495TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,985,766TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$11,963,321TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$499,920TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,841,037TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,083,102TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$141,003TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$75,660TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$944,764TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,595,087TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,047,619TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,545,412TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$297,479TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$197,934TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$470,547TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,335,678TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,554,913TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$437,572TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSS$3,034,771
ATM AND DEBIT CARD EXPE$2,442,409
MEMBER ACCOUNT EXPENSES$782,143
REPAIRS AND MAINTENANCE$625,223

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,525,779TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$42,641,634TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$8,080,265BOYAmt
EOY$7,454,488EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$82,063,701BOYAmt
EOY$49,199,047EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$561,406,105BOYAmt
EOY$641,496,163EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,453,058BOYAmt
EOY$4,218,634EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$36,734,446LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$20,057,475LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$17,401,739BOYAmt
EOY$16,676,971EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$331,107,515BOYAmt
EOY$304,232,070EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$743,111BOYAmt
EOY$530,793EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10,527,840BOYAmt
EOY$11,842,280EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,014,783,334BOYAmt
EOY$1,035,650,446EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,763,877BOYAmt
EOY$53,279,675EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$914,771,630BOYAmt
EOY$916,106,336EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$925,535,507BOYAmt
EOY$969,386,011EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$89,247,827BOYAmt
EOY$66,264,435EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,247,827BOYAmt
EOY$66,264,435EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,014,783,334BOYAmt
EOY$1,035,650,446EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$8,483,687ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$31,513,019NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$45,940OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,197,895OtherCostOrOtherBasisAmt
Book Value$1,197,895BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,536,551OtherCostOrOtherBasisAmt
Depreciation$20,057,475DepreciationAmt
Book Value$15,479,076BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$16,676,971TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (7 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
ACCRUED INVESTMENT INCOME$583,212C
RETIREMENT ASSETS$34,895,920C
OTHER INVESTMENTS$306,911C
FEDERAL AGENCY SECURITIES$263,996,288C
CORP CU CAPITAL SHARES$1,155,339C
CERTIFICATES OF DEPOSIT$1,937,000C
FHLB STOCK$1,357,400C
FieldValueIRS element (for citing)
Total Book Value Securities$304,232,070TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER DEPOSITSDesc
Amt$916,106,336Amt
FieldValueIRS element (for citing)
Total Liability$916,106,336TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtIRC SectionIRCSectionDesc
ADX COMMUNICATIONSCAT COUNTRY 987
7251 PLANTATION ROADPENSACOLAFL32504824598636$0$22,000MIRACLE ON PALAFOX 2021
SPRINGTIME TALLAHASSEE
501 E TENNESSEE STTALLAHASSEEFL32308475306581$0$5,000ROCK AND JAZZ JUBILEE STAGE SPONSOR501(C)(3)
GREAT GULFCOAST ARTS FESTIVAL
3519 BAYWATER DRPENSACOLAFL32514592884632$0$12,500MAJOR CORPORATE SPONSOR501(C)(3)
GULF WINDS CARES FOUNDATION
220 E NINE MILE ROADPENSACOLAFL32534851861244$0$174,995FUNDING FOR COMMUNITY ORGANIZATIONS501(C)(3)
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHRISTOPHER RUTLEDGE
CEO$1,045,202$0$0$0$0$0$9,105$0$12,747$0$1,067,054$0$0$0
KURT STENERSON
EVP OF DIGITAL INNOVATION$236,985$0$0$0$0$0$6,630$0$14,175$0$257,790$0$0$0
ASHLEY JANSKY
EVP MEMBER EXPERIENCE$213,905$0$0$0$0$0$6,117$0$17,268$0$237,290$0$0$0
TERRY JOHNSON
EVP OF STRATEGY AND PERFO$200,346$0$0$0$0$0$5,718$0$19,508$0$225,572$0$0$0
PATRICK WENDOLEK
SVP/CIO$187,626$0$0$0$0$0$3,426$0$12,437$0$203,489$0$0$0
JOANNE HYATT
SVP CHIEF LENDING OFFICER$181,012$0$0$0$0$0$5,211$0$11,837$0$198,060$0$0$0
STEPHANIE CHASE
VP OF RISK MANAGEMENT$147,245$0$0$0$0$0$4,149$0$9,596$0$160,990$0$0$0
MITCHELL OLINSKY
VP OF ENTERPRISE APPLICATION$151,964$0$0$0$0$0$2,906$0$5,285$0$160,155$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationTHE CREDIT UNION HAS NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT WITH CHRIS RUTLEDGE. THE PLAN IS DESIGNED TO PROVIDE POST-RETIREMENT BENEFITS TO THE COVERED EMPLOYEES. THE 457(F) PLAN EFFECTIVE DATE IS AUGUST 12, 2005. THE CREDIT UNION PROCESSES THE VESTING SCHEDULE IN DECEMBER OF EACH YEAR.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE 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 7ATHE 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 7BTHE 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 11BFORM 990 IS REVIEWED BY THE CEO AND EVP OF STRATEGY AND PERFOMANCE PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CRISK 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 15THE 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 19THE 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 45,940.
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, 2022, ARE FOR THE YEAR ENDED JUNE 30, 2023.
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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GULF WINDS CARES FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 E NINE MILE ROADAddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32534ZIPCd
FieldValueIRS element (for citing)
EIN851861244EIN
Primary ActivitiesFUNDING FOR COMMUNITY ORGANIZATIONS PROVIDING SERVICES TO YOUTH AND SENIORSPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1GULF WINDS CARES FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$174,995InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt