2022-11-15T16:19:02-06:00 2021-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2021-01-01 596143861 GULF WINDS CREDIT UNION GULF 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 DALE JOHNSON EVP OF STRATEGY AND PERFORMANCE 8504799601 2022-11-15 1 DALE JOHNSON 999009999 CLAIRE C DUREN CPA P01577924 8504357400 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DALE JOHNSON 220 EAST NINE MILE ROAD PENSACOLA FL 32534 83105553 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. 8 8 295 12 0 0 0 0 19666720 20681189 8546177 8761486 13784679 15899395 41997576 45342070 325141 2222500 0 0 15994551 16437860 0 0 0 22799999 20627450 39119691 39287810 2877885 6054260 919701095 1014783334 832718706 925535507 86982389 89247827 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 EFFORTS TO PROMOTE THRIFT AMONG ITS MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS, AND IRA SAVINGS 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 24932 0 1 295 1 0 0 0 0 0 0 0 0 X 8 8 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 WILLIAM FRITCHMAN DIRECTOR 1.00 X 0 0 0 NELSON WHALEY BOARD EMERITUS 1.00 X 0 0 0 RL OSWALD SR CHAIRMAN 1.00 X 0 0 0 FRED HOUSTON DIRECTOR 1.00 X 0 0 0 GERALD EADY DIRECTOR 1.00 X 0 0 0 JACK WILLIAMS 2ND VICE CHAIRMAN 1.00 X 0 0 0 A LARRY MALTBY 1ST VICE CHAIRMAN 1.00 X 0 0 0 SHELLY FOUNTAIN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER RUTLEDGE CEO 45.00 X 886880 0 20509 KURT STENERSON EVP OF DIGITAL INNOVATION 45.00 X 238757 0 18685 ASHLEY JANSKY EVP MEMBER EXPERIENCE 45.00 X 216908 0 21559 TERRY JOHNSON EVP OF STRATEGY AND PERFOMANCE 45.00 X 192309 0 22160 JOANNE HYATT SVP CHIEF LENDING OFFICER 45.00 X 183851 0 16714 PATRICK WENDOLEK VP OF ENTERPRISE APPLICATIONS 45.00 X 169896 0 3887 SHERRY BROCK MTG LOAN ORIGINATOR 45.00 X 136907 0 10892 JOHAN BOELIG VP OF REGIONAL SALES 45.00 X 128244 0 16440 STEPHANIE CHASE VP OF RISK MANAGEMENT 45.00 X 131984 0 11407 LEE ANN ALLEN VP OF REGIONAL SALES 45.00 X 123250 0 8664 JARRELL FLANDERS VP OF PEOPLE & DEVELOPMENT 45.00 X 115286 0 3954 ROBERT ALFT FORMER FINANCIAL ADVISOR 45.00 X 200608 0 6103 MARCI WATTERS FORMER FINANCIAL ADVISOR 45.00 X 190943 0 14170 2915823 0 175144 19 1 1 0 NCUA PAYMENT PROCESSING 1775 DUKE ST ALEXANDRIA VA 22314 PAYMENTS 1204134 Q2 SOFTWARE PO BOX 678272 DALLAS TX 752678272 ONLINE BANKING 1024994 FISERV PO BOX 979 BROOKFIELD WI 530080979 PAYMENTS 703792 DUNCAN MCCALL ADVERTISING 4400 BAYOU BLVD SUITE 11 PENSACOLA FL 32503 ADVERTISING 614920 JACK HENRY & ASSOCIATES INC 7400 CAHABA VALLEY ROAD BIRMINGHAM AL 35242 SOFTWARE 578821 25 INTEREST ON LOANS 522100 20681189 20681189 20681189 8834225 8834225 37690744 37759499 3984 -68755 -3984 -72739 -72739 FEES AND SERVICE CHARGES 522100 14945647 14945647 INTERCHANGE INCOME 522100 1124658 1124658 GAIN ON OREO 522100 58921 58921 -229831 -229831 15899395 45342070 36580584 0 8761486 2222500 1818331 10729557 689124 2254036 946812 70130 99940 865523 1425993 778933 2901616 318294 107164 203025 3318337 1609519 435597 ATM AND DEBIT CARD EXPE 2369685 PROVISION FOR LOAN LOSS 925862 MISCELLANEOUS EXPENSES 878401 REPAIRS AND MAINTENANCE 588189 3731242 39287810 7814195 8080265 190693787 82063701 513454731 561406105 2845669 3453058 36379962 18978223 18282384 17401739 176503413 331107515 955428 743111 9151488 10527840 919701095 1014783334 9153834 10763877 823564872 914771630 832718706 925535507 X 0 0 0 0 86982389 89247827 86982389 89247827 919701095 1014783334 X 6054260 -6133374 2344552 X X 0 1 X 1 0 10000 10000 10000 1 NAFCU 3138 10TH STREET N ARLINGTON VA 22201 952642719 10000 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 35182067 18978223 16203844 17401739 ACCRUED INVESTMENT INCOME 538458 C RETIREMENT ASSETS 30280697 C OTHER INVESTMENTS 319063 C FEDERAL AGENCY SECURITIES 295176958 C CORP CU CAPITAL SHARES 1155339 C CERTIFICATES OF DEPOSIT 3177000 C FHLB STOCK 460000 C 331107515 MEMBER DEPOSITS 914771630 914771630 1 ADX COMMUNICATIONSCAT COUNTRY 987 7251 PLANTATION ROAD PENSACOLA FL 32504 824598636 12000 0 MIRACLE ON PALAFOX 2021 BIG BROTHERS BIG SISTERS OF NORTHWEST FLORIDA 1320 CREIGHTON RD PENSACOLA FL 32504 592996893 501(C)(3) 13000 0 DONATION FOR AUCTION - FISHING CAMP GREAT GULFCOAST ARTS FESTIVAL 3519 BAYWATER DR PENSACOLA FL 32514 592884632 501(C)(3) 12500 0 MAJOR CORPORATE SPONSOR GULF WINDS CARES FOUNDATION 220 E NINE MILE ROAD PENSACOLA FL 32534 851861244 501(C)(3) 2175000 0 FUNDING FOR COMMUNITY ORGANIZATIONS 5 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 886880 0 0 0 0 0 8655 0 11854 0 907389 0 0 0 KURT STENERSON EVP OF DIGITAL INNOVATION 238757 0 0 0 0 0 5806 0 12879 0 257442 0 0 0 ASHLEY JANSKY EVP MEMBER EXPERIENCE 216908 0 0 0 0 0 5611 0 15948 0 238467 0 0 0 TERRY JOHNSON EVP OF STRATEGY AND PERFOMANCE 192309 0 0 0 0 0 5111 0 17049 0 214469 0 0 0 ROBERT ALFT FORMER FINANCIAL ADVISOR 200608 0 0 0 0 0 6053 0 50 0 206711 0 0 0 MARCI WATTERS FORMER FINANCIAL ADVISOR 190943 0 0 0 0 0 5928 0 8242 0 205113 0 0 0 JOANNE HYATT SVP CHIEF LENDING OFFICER 183851 0 0 0 0 0 4889 0 11825 0 200565 0 0 0 PATRICK WENDOLEK VP OF ENTERPRISE APPLICATIONS 169896 0 0 0 0 0 2814 0 1073 0 173783 0 0 0 PART I, LINE 4B THE 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. 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 EVP OF STRATEGY AND PERFOMANCE 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 2,344,552. 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, 2021, ARE FOR THE YEAR ENDED JUNE 30, 2022. 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 2175000 CASH