2025-05-19T12:44:11-05:00 2024-12-31 200794302 MBE CPAS LLP 1136 E MAIN STREET REEDSBURG WI 53959 990 2024-01-01 390966273 WESTBY CO-OP CREDIT UNION WEST 6086347615 PO BOX 70 WESTBY WI 54667 JOHN RUDIE CFO 6086347615 2025-05-01 1 1 RYAN WEBER CPA P01299128 6085248998 2025-04-29 2024 2025-03-06 01:10:19Z JOHN RUDIE PO BOX 70 WESTBY WI 54667 56626752 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 7 262 0 0 19107 0 0 47546947 51286266 4683970 5340486 0 0 52230917 56626752 0 0 0 0 17048080 15393303 0 0 0 27650973 32848622 44699053 48241925 7531864 8384827 913235207 948639606 786690991 806666318 126544216 141973288 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 985 NEW LOANS TO MEMBERS THAT WERE FOR $2,000 OR LESS IN 2024. WE FUNDED 6,327 LOANS DURING 2024. AS OF 12/31/24, WE HAD 3,622 MORTGAGES/HOME EQUITY, 12,232 CONSUMER LOANS, 3,771 BUSINESS LOANS, AND 6,059 CREDIT CARD ACCOUNTS. PROVIDE LOW COST FINANCIAL SERVICES TO 40,961 MEMBERS. DURING 2024, WE OPENED 21,116 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 19485 0 1 262 1 1 1 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 CHRIS BARNICK PRESIDENT/CEO 45.00 X X 399650 0 27286 MONTE TORGERSON CHAIRPERSON CREDIT COM 3.00 X 12900 0 0 KEVIN LARSON 2ND VICE CHAIR 2.00 X 11750 0 0 CHRISTINE SLOAT VICE CHAIRMAN IT COM 1.00 X 7625 0 0 ALAN BERG 2ND VICE CHAIR AUDIT COM 1.00 X 5800 0 0 WILLIAM MAROHL SECRETARY AUDIT COM 2.00 X 8575 0 0 JOANNE HURNFELD 2ND VICE CHAIR ALCO COM 1.00 X 9600 0 0 BLAKE SJOBERG CMSO 45.00 X X 124264 0 9857 JOHN RUDIE CFO 45.00 X X 251470 0 36676 MARLENE OLSON CXO 45.00 X X 193576 0 16164 TOM HAFEMANN CTO 45.00 X X 220363 0 43545 VINCENT PADUANO CLO 45.00 X X 217074 0 40790 SARAH MANI TREASURER ALCO COM 1.00 X 7825 0 0 1470472 0 174318 22 1 1 0 JACK HENRY PO BOX 807 MONETT MO 65708 SOFTWARE/HARDWARE 762075 SALES FORCE PO BOX 203141 DALLAS TX 75320 SOFTWARE 638970 ALKAMI TECHNOLOGY 5601 GRANITE PKWY STE 120 PLANO TX 75024 SOFTWARE 558224 VELERO 560 CARILLON PARKWAY ST PETERSBURG FL 33716 SOFTWARE 456705 HEARTLAND BUSINESS PO BOX 856846 MINNEAPOLIS MN 55485 SOFTWARE/HARDWARE 404353 16 LOAN INTEREST AND FEES 522100 50931581 50931581 LOAN INSURANCE 524298 354685 354685 51286266 5340486 5340486 56626752 51286266 0 5340486 1644790 10114115 828927 1787586 1017885 709939 110472 2489 716254 1823577 3434089 783056 239260 163645 17168556 1118625 145060 LOAN EXPENSE 4047797 CARD EXPENSES 2258672 DUES AND SUBSCRIPTIONS 127131 48241925 5440293 5689362 50623572 59754106 706079372 695938069 25348243 21277888 26080787 14888264 12101741 11192523 99892981 140491146 13749005 14296512 913235207 948639606 51155917 29234557 735535074 777431761 786690991 806666318 X 0 0 0 0 126544216 141973288 126544216 141973288 913235207 948639606 8384827 2896747 4147498 0 X 1 X 0 0 0 2111475 2111475 13320293 5792332 7527961 10649019 9095932 1553087 11192523 INVESTMENTS 140491146 F 140491146 MEMBER SHARES AND DEPOSITS 777431761 777431761 0 1 0 CHRIS BARNICK PRESIDENT/CEO 368047 0 22850 0 8753 0 14156 0 13130 0 426936 0 0 0 JOHN RUDIE CFO 244470 0 7000 0 0 0 19778 0 16898 0 288146 0 0 0 TOM HAFEMANN CTO 205409 0 14954 0 0 0 31180 0 12365 0 263908 0 0 0 VINCENT PADUANO CLO 207683 0 9391 0 0 0 23892 0 16898 0 257864 0 0 0 MARLENE OLSON CXO 186576 0 7000 0 0 0 14991 0 1173 0 209740 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, 2024, WESTBY CO-OP CREDIT UNION HAS 40,961 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.