2022-05-15T15:34:43-07:00 2021-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2021-01-01 381504660 WEXFORD COMMUNITY CREDIT UNION WEXF 2317752081 1021 N MITCHELL STREET CADILLAC MI 49601 Julie Rushing CEO 2022-05-15 true Julie Rushing 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Julie Rushing 6767905 false X WWW.WEXCCU.COM X 1953 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 53 7 24919 0 2785850 3319283 751589 559622 0 3537439 3878905 0 0 1574247 1626172 0 0 1663215 1488216 3237462 3114388 299977 764517 73860593 82520969 68124745 76745805 5735848 5775164 TO PROVIDE QUALITY FINANCIAL SERVICES AT FAIR RATES AND TERMS TO MEET OUT MEMBERS' NEEDS. WE STRIVE TOWARD EXCELLENCE AND ACHIEVEMENT THROUGH SERVICE TO OUR MEMBERS. false false PROVIDE 8,957 MEMBERS WITH REGULAR SHARES, MONEY MARKET, SHARE DRAFT, IRA, AND CERTIFICATE OF DEPOSIT ACCOUNTS TOTALLING 18,091, AS OF DECEMBER 31, 2021. PROVIDE 32,541 LOANS INCLUDING VEHICLE, PERSONAL, MORTGAGE, HOME EQUITY, AND CREDIT CARD LOANS, AS OF DECEMBER 31, 2021. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, TRAVELLERS CHECKS, BILL PAY, OVERDRAFT/COURTESY PAY AND VARIOUS INSURANCE PROGRAMS. false false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 367 0 true 53 true true true false false false false false false false X 7 7 false false false false true true true true true false true true false true true true true true true true false X WEXFORD COMMUNITY CREDIT UNION 2317752081 1021 N MITCHELL STREET CADILLAC MI 49601 JULIE RUSHING CEO 40.00 0.00 X 121470 0 18221 SHANI PERRY VP 40.00 0.00 X 74443 0 24090 Levon Garbooshian CFO 40.00 0.00 X 83480 0 14396 MARGARET ELMORE CHAIRPERSON 1.00 0.00 X 0 0 0 DONALD MCCURDY BOARD TREASURER 1.00 0.00 X 0 0 0 ERIC GILDNER BOARD SECRETARY 1.00 0.00 X 0 0 0 RONALD PAQUET VICE CHAIR 1.00 0.00 X 0 0 0 LORETTA OLSON BOARD MEMBER 1.00 0.00 X 0 0 0 CARL OUWINGA BOARD MEMBER 1.00 0.00 X 0 0 0 279393 56707 1 false false false CUAnswers 6000 28th St SE 100 Grand Rapids MI 49546 Data Processing 248469 FIS 601 Riverside Ave JACKSONVILLE FL 32204 VARIOS FINANCIAL SERVICES 108044 SALUS GROUP 38233 Mound Rd building f Sterling Heights MI 48310 INSURANCE PROVIDER 234246 3 0 FEE AND OTHER INCOME 524298 1416683 1416683 LOAN INTEREST INCOME 522100 1877681 1877681 NON-MEMBER ATM FEE 900099 13758 13758 NON-MEMBER SHARED BRAN 900099 11161 11161 3319283 401424 401424 0 0 0 3047198 2889000 158198 158198 158198 0 0 0 0 3878905 3853986 24919 0 0 0 0 336090 0 1044861 8080 132105 105036 0 0 25836 0 0 0 140185 32589 389121 168875 0 96636 883 0 13222 124167 0 82925 33737 Loan Servicing 318035 Provision for Loan Loss 24397 Printing and Publications 23541 Postage and Shipping 8666 5401 3114388 0 0 0 2153214 2039161 10361645 4693962 0 438139 494639 308264 0 0 33254335 42895372 0 94137 113206 2492969 1659693 931772 833276 0 24807792 29788266 751123 752069 0 760172 911018 73860593 82520969 58756 131094 68065989 76614711 68124745 76745805 X 5735848 5775164 5735848 5775164 73860593 82520969 X 764517 -725201 X X false true X true false 155446 155446 1272743 794331 478412 373301 253698 119603 691479 611664 79815 833276 29788266 3801837 76614711 76614711 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body A NOMINATING COMMITTEE RECOMMENDS INDIVIDUALS AT THE ANNUAL MEETING AND ARE VOTED IN BY THE CURRENT BOARD OF DIRECTORS TO FILL AVAILABLE VACANCIES. EACH BOARD MEMBER IS ELECTED FOR A THREE-YEAR TERM. Form 990, Part VI, Line 11b: Form 990 Review Process A REVIEW IS CONDUCTED BY THE CEO PRIOR TO THE SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE BOARD OF DIRECTORS AND SR. MANAGEMENT ARE REQUIRED TO SUBMIT ANNUALLY A WRITTEN ACKNOWLEDGEMENT FOR POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE BOARD OF DIRECTORS COMPLETE A PERFORMANCE APPRAISAL EVALUATION OF THE CEO ANNUALLY. SALARY INCREASES ARE REVIEWED AND VOTED ON BASED ON OVERALL PERFORMANCE AND THE COST OF LIVING. LAST REVIEW WAS IN 2020. KEY EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE REVIEW AND COMPENSATION IS ADJUSTED BASED ON THOSE REVIEWS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Decreases = -$725201 Form 990, Part XII, Line 2: Change of Oversight or Selection Process THERE WERE NO CHANGES TO THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.