2021-11-15T15:14:42-06:00 2020-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2020-01-01 310278870 Wright-Patt Credit Union Inc % TIM ANDREWS WRIG 9379127000 3560 Pentagon Blvd Beavercreek OH 45431 DOUGLAS A FECHER PRESIDENT/CEO 9379127000 2021-11-15 true DOUGLAS A FECHER XXX-XX-XXXX MICHAEL J SUMMERS P00838533 3173834000 2021-11-15 2 2020 2022-09-23 18:48:47Z DOUGLAS A FECHER 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 531372290 false X WWW.WPCU.COOP X 1932 OH TO PROMOTE THRIFT SAVINGS, BORROWING, AND FINANCIAL SERVICES AMONG ITS MEMBERS. 9 9 1282 17 51150601 5011718 0 0 277391210 284951360 24418792 37969487 0 0 301810002 322920847 131092 408150 0 0 70132090 86709416 0 0 0 155513381 159467413 225776563 246584979 76033439 76335868 5091928563 6249879363 4508111949 5572910489 583816614 676968874 X THE ORGANIZATION'S MISSION IS TO HELP PEOPLE THROUGH LIFE, WHICH INCLUDES: TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH, ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS FOR EFFECTIVE USE OF THEIR ASSETS AND RESOURCES; AND ALL ACTIVITIES NECESSARY AND INCIDENTAL THERETO. false false DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 912,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 421,569 MEMBERS (DIVIDENDS $46,537,132; INCLUDING A SPECIAL PATRONAGE DIVIDEND OF $8,255,717). DIRECT LABOR AND EMPLOYEE BENEFITS COSTS INCURRED TO PROVIDE DEPOSIT SERVICES, ORIGINATE LOANS, AND SERVICE LOANS FOR MEMBERS TOTALED $88,178,849. BRANCH OFFICE OCCUPANCY AND OPERATIONS SERVICES 31 BRICK AND MORTAR BRANCHES PLUS TWO CALL CENTERS PROVIDES PHYSICAL LOCATION FOR PERSON TO PERSON FINANCIAL SERVICES. false false false false false false false false false true true false false true false false true false false false false false false false false false true false true false true false false false false false false false false true true false false true 207020 0 true 1282 true true true false false false false false false false false false false false X 9 9 false false false false true true true true true false true true true true true true true true true true true true AL AZ CA IN KS MA NM NC OR PA TX VA X TIM ANDREWS 9379127000 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 DOUGLAS FECHER PRESIDENT & CEO 40.0 0.0 X 1009503 0 46533 TIMOTHY MISLANSKY CHIEF STRATEGY OFFICER 40.0 0.0 X 488599 0 93649 ROSANNE SCHUTZMAN CHIEF OPERATING OFFICER 40.0 0.0 X 388954 0 34298 ERIC BUGGER CHIEF LENDING OFFICER 40.0 0.0 X 366077 0 47688 TONYA COON VP OF CUSO OPERATIONS 40.0 0.0 X 371726 0 32617 DANIEL SMITH CHIEF FINANCIAL OFFICER 40.0 0.0 X 352869 0 50890 SCOTT EVERETT VP OF MEMBER BUSINESS SVCS 40.0 0.0 X 352918 0 49588 STEVEN HARRELL DIRECTOR RETIREMENT SOLUTIONS 40.0 0.0 X 350660 0 45351 AMY REILLY CHIEF ADMINISTRATIVE OFFICER 40.0 0.0 X 347857 0 40961 FRANK PETRIE DR RETAIL MORTGAGE ORIGINATION 40.0 0.0 X 332747 0 51638 KEVIN FORBUSH OUTSIDE LOAN ORIGINATOR 40.0 0.0 X 278433 0 50440 ANDREW ROBERTS OUTSIDE LOAN ORIGINATOR 40.0 0.0 X 280041 0 28855 ELIZABETH BRINK MEMBER CENTER LOAN ORIGINATOR 40.0 0.0 X 242875 0 43404 STEVEN SCHEID VP OF FINANCE, CUSO 40.0 0.0 X 244081 0 42147 KIMBERLY RILEY VP OF SERVICE DELIVERY 40.0 0.0 X 236155 0 43785 JENNIFER OGDEN VP OF INTERNAL AUDIT 40.0 0.0 X 232423 0 42846 TRACY SZARZI-FORS VP OF MARKETING AND BUS DEV 40.0 0.0 X 237486 0 36248 ANNETTE KINDEL OUTSIDE LOAN ORIGINATOR 40.0 0.0 X 241891 0 27551 TODD ELLIOTT VP, MARKET PRESIDENT 40.0 0.0 X 231349 0 24757 MOLLY LAMPE BEG 16 CCO AND GENERAL COUNSEL 40.0 0.0 X 209763 0 42103 CHRISTOPHER JOHNSON VP OF ENTERPRISE RISK MGMT 40.0 0.0 X 207646 0 34650 DAVID SCHLEGEL BEG 217 VP OF SERVICING 40.0 0.0 X 179718 0 41589 RANBIR SINGH BEG 720 VP OF INFORMATION TECHNOLOGY 40.0 0.0 X 108058 0 4244 STEPHANIE MASON BEG 720 VP OF COMPLIANCE & BSA 40.0 0.0 X 89698 0 14333 JOSEPH LINSENMEYER CHAIRMAN 2.0 0.0 X 4517 0 0 CHARLES SHOWELL DIRECTOR 2.0 0.0 X 2377 0 0 ADAM SCHEETZ ASSISTANT SECRETARY 2.0 0.0 X 0 0 0 BONNIE SMITH DIRECTOR 2.0 0.0 X 0 0 0 CAROL CLARK DIRECTOR 2.0 0.0 X 0 0 0 JOSEPH MUCCI TREASURER 2.0 0.0 X 0 0 0 LEAH HANSEMAN SECRETARY 2.0 0.0 X 0 0 0 MICHAEL MCGRATH VICE CHAIRMAN 2.0 0.0 X 0 0 0 ROBERT SWEENEY ASSISTANT TREASURER 2.0 0.0 X 0 0 0 7386044 0 970165 119 false true false VACO CINCINNATI 5410 MARYLAND WAY STE 460 BRENTWOOD TN 37027 TEMP/CONTRACTORS 2458193 DELOITTE TOUCHE LLP PO BOX 844708 DALLAS TX 75284 CONSULTING 1018981 SOFTWARE INFORMATION SYSTEMS LLC PO BOX 440214 NASHVILLE TN 37244 TECHNOLOGY SERVICES 769756 ABBOTT IMAGE SOLUTIONS LLC 588 S SOUTH ST WILMINGTON OH 45177 SIGN & IMAGE SOLN 608411 AVTEX SOLUTIONS LLC PO BOX 856660 MINNEAPOLIS MN 55485 TECHNOLOGY SERVICES 578345 17 0 INTEREST - LOANS 522100 193800599 193800599 SERVICE & MEMBER FEES 522100 73915854 23236198 50679656 INT-INVEST SECURITIES 522100 16762490 16762490 UNRELATED PARTNERSHIP INCOME 900099 472417 472417 284951360 0 0 0 0 0 0 214914191 31506739 208213217 238226 6700974 31268513 37969487 31268513 -1472 6702446 0 0 0 0 0 0 0 0 0 0 322920847 265067800 51150601 6702446 408150 0 0 0 6769085 0 61548960 4759487 8937952 4693932 0 292288 314532 0 0 0 4018193 3503522 5711808 4701434 0 7167122 277067 0 47551 42380629 0 10049632 489723 BAD DEBT EXPENSE 29413347 LOAN SERVICING EXPENSE 14706159 OUTSIDE SERVICES 19821502 PATRONAGE DIVIDENDS 8255717 8317187 246584979 286919148 500980573 250800000 57180000 0 0 0 0 27601431 40500743 0 0 3657885422 4343675322 0 0 3498454 3987455 121890138 56766020 58820767 65124118 45511089 76475781 615771969 920488625 0 0 0 0 145120283 241466746 5091928563 6249879363 25153681 43804163 0 0 0 0 0 0 0 0 0 0 229743982 187412725 0 0 4253214286 5341693601 4508111949 5572910489 X 0 0 0 0 583816614 676968874 583816614 676968874 5091928563 6249879363 76335868 16816392 X false true X true false 7850187 7850187 47615527 12747801 34867726 9579795 4011403 5568392 53207607 40006816 13200791 3637022 3637022 65124118 SECURITIES 920488625 F 920488625 0 MEMBERS' SHARE ACCOUNTS 5341693601 5341693601 339737239 16816392 16816392 322920847 322920847 246584979 246584979 246584979 SCHEDULE D, PART X FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true WRIGHT STATE UNIVERSITY FOUNDATION 3640 COLONEL GLENN HWY DAYTON OH 45435 310732831 501(C)(3) 338800 GENERAL SUPPORT BOYS & GIRLS CLUB OF DAYTON INC 1828 WEST STEWART ST DAYTON OH 45408 310536657 501(C)(3) 15000 GENERAL SUPPORT GREATER DAYTON UNION COOPERATIVE INITIATIVE INC 130 W 2ND ST STE 700 DAYTON OH 45402 813470466 501(C)(3) 15000 GENERAL SUPPORT THE HOMEOWNERSHIP CENTER 130 W 2ND ST STE 1420 DAYTON OH 45402 310885010 501(C)(3) 10000 GENERAL SUPPORT CRAYONS TO CLASSROOMS 1750 WOODMAN DR DAYTON OH 45420 261594574 501(C)(3) 7500 GENERAL SUPPORT 5 0 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: WRIGHT-PATT CREDIT UNION, INC. PROVIDES GENERAL SUPPORT TO SECTION 501(C)(3) AND 501(C)(19) TAX EXEMPT ORGANIZATIONS AND VERIFIES THE ORGANIZATIONS STATUS USING THE GUIDESTAR WEBSITE. X true true X X X X false true false ERIC BUGGER CHIEF LENDING OFFICER 258052 0 71300 0 36725 0 22800 0 24888 0 413765 0 0 0 DOUGLAS FECHER PRESIDENT & CEO 724730 0 245500 0 39273 0 23826 0 22707 0 1056036 0 0 0 MOLLY LAMPE BEG 16 CCO AND GENERAL COUNSEL 207757 0 0 0 2006 0 16193 0 25910 0 251866 0 0 0 TIMOTHY MISLANSKY CHIEF STRATEGY OFFICER 350151 0 100000 0 38448 0 67009 0 26640 0 582248 0 0 0 AMY REILLY CHIEF ADMINISTRATIVE OFFICER 252929 0 70200 0 24728 0 22050 0 18911 0 388818 0 0 0 ROSANNE SCHUTZMAN CHIEF OPERATING OFFICER 259849 0 77000 0 52105 0 22800 0 11498 0 423252 0 0 0 DANIEL SMITH CHIEF FINANCIAL OFFICER 246760 0 72300 0 33809 0 22800 0 28090 0 403759 0 0 0 SCOTT EVERETT VP OF MEMBER BUSINESS SVCS 244990 0 58300 0 49628 0 22800 0 26788 0 402506 0 0 0 TRACY SZARZI-FORS VP OF MARKETING AND BUS DEV 184032 0 41100 0 12354 0 17137 0 19111 0 273734 0 0 0 CHRISTOPHER JOHNSON VP OF ENTERPRISE RISK MGMT 163316 0 36250 0 8080 0 16557 0 18093 0 242296 0 0 0 KIMBERLY RILEY VP OF SERVICE DELIVERY 189979 0 42100 0 4076 0 17132 0 26653 0 279940 0 0 0 JENNIFER OGDEN VP OF INTERNAL AUDIT 187221 0 42000 0 3202 0 17026 0 25820 0 275269 0 0 0 TODD ELLIOTT VP, MARKET PRESIDENT 186620 0 41625 0 3104 0 15995 0 8762 0 256106 0 0 0 STEVEN HARRELL DIRECTOR RETIREMENT SOLUTIONS 78453 0 256584 0 15623 0 22800 0 22551 0 396011 0 0 0 KEVIN FORBUSH OUTSIDE LOAN ORIGINATOR 31462 0 245921 0 1050 0 22800 0 27640 0 328873 0 0 0 ANDREW ROBERTS OUTSIDE LOAN ORIGINATOR 26909 0 252047 0 1085 0 21301 0 7554 0 308896 0 0 0 ELIZABETH BRINK MEMBER CENTER LOAN ORIGINATOR 25541 0 212032 0 5302 0 17216 0 26188 0 286279 0 0 0 ANNETTE KINDEL OUTSIDE LOAN ORIGINATOR 45820 0 191912 0 4159 0 19203 0 8348 0 269442 0 0 0 TONYA COON VP OF CUSO OPERATIONS 289101 0 65100 0 17525 0 13610 0 19007 0 404343 0 0 0 STEVEN SCHEID VP OF FINANCE, CUSO 179704 0 30270 0 34107 0 19596 0 22551 0 286228 0 0 0 DAVID SCHLEGEL BEG 217 VP OF SERVICING 169583 0 0 0 10135 0 13751 0 27838 0 221307 0 0 0 FRANK PETRIE DR RETAIL MORTGAGE ORIGINATION 81077 0 228789 0 22881 0 22800 0 28838 0 384385 0 0 0 SCHEDULE J, PART I, LINE 1A COMPENSATION BENEFITS RECEIVED: CERTAIN BOARD MEMBERS RECEIVE COMPANION TRAVEL (INCLUDED IN TAXABLE COMPENSATION). SCHEDULE J, PART I, LINE 4B PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: WRIGHT-PATT CREDIT UNION PARTICIPATES IN A 457(F) PLAN. TIMOTHY MISLANSKY PARTICIPATED IN A 457F PLAN AS OF 1/1/2020. AS OF 12/31/2020 THE REMAINING PLAN HAD A BALANCE OF $208,293. D MATTHEW DAVIDSON FORMER CFO SPLIT DOLLAR LIFE IN X 4969101 5717798 false true true TIMOTHY MISLANSKY CHIEF STRATEGY OFF SPLIT DOLLAR LIFE IN X 1771717 2034073 false true true TIMOTHY MISLANSKY CHIEF STRATEGY OFF SPLIT DOLLAR LIFE IN X 4436926 4658674 false true true DARRICK WEEKS FORMER COO SPLIT DOLLAR LIFE IN X 2018045 2303620 false true true DOUGLAS FECHER PRESIDENT/CEO SPLIT DOLLAR LIFE IN X 11941840 13652567 false true true ERIC BUGGER CHIEF LENDING OFF SPLIT DOLLAR LIFE IN X 3093301 3132965 false true true AMY REILLY CHIEF ADMIN OFF SPLIT DOLLAR LIFE IN X 3227198 3268574 false true true ROSANNE SCHUTZMAN CHIEF OPERATING OFF SPLIT DOLLAR LIFE IN X 5659912 5732480 false true true DOUGLAS FECHER PRESIDENT/CEO FIRST MORTGAGE X 285920 273737 false false true ERIC BUGGER CHIEF LENDING OFFICER FIRST MORTGAGE X 662517 651481 false false true ERIC BUGGER CHIEF LENDING OFFICER VEHICLE LOAN X 10086 8184 false false true DANIEL SMITH CHIEF FINANCIAL OFFICER VEHICLE LOAN X 39775 29813 false false true ERIC BUGGER CHIEF LENDING OFFICER VEHICLE LOAN X 31435 11703 false false true ERIC BUGGER CHIEF LENDING OFFICER CREDIT CARD X 40654 39441 false false true TODD ELLIOTT VICE PRESIDENT, MARKET PRESIDENT FIRST MORTGAGE X 342000 329604 false false true TODD ELLIOTT VICE PRESIDENT, MARKET PRESIDENT VEHICLE LOAN X 47745 39032 false false true CHRISTOPHER JOHNSON VICE PRESIDENT, ENTERPRISE RISK MANAGEMENT FIRST MORTGAGE X 477000 475527 false false true TIMOTHY MISLANSKY CHIEF STRATEGY OFF CREDIT CARD X 18834 10031 false false true TIMOTHY MISLANSKY CHIEF STRATEGY OFF FIRST MORTGAGE X 207400 98249 false false true TIMOTHY MISLANSKY CHIEF STRATEGY OFF FIRST MORTGAGE X 198400 141868 false false true AMY REILLY CHIEF ADMINISTRATIVE OFFICER VEHICLE LOAN X 28902 18703 false false true KIMBERLY RILEY VICE PRESIDENT, SERVICE DELIVERY FIRST MORTGAGE X 244350 234657 false false true ROSEANNE SCHUTZMAN CHIEF OPERATING OFFICER FIRST MORTGAGE X 315000 186612 false false true 43049393 SCHEDULE L, PART II ALL WRIGHT-PATT CREDIT UNION EMPLOYEES RECEIVE A 0.5% rate reduction on all loans other than mortgages. Until mid-2019 there was a 0.25% rate reduction on first mortgages and beginning mid-2019, the 0.25% first mortgage rate discount was transitioned to a $500 closing cost credit. FORM 990, PART IV, LINE 28 BUSINESS TRANSACTIONS WITH FAMILY MEMBER OF OFFICER: Wright-Patt Credit Union owns an interest in Hallmark Title LLC. Scott Everett's spouse is a greater than 35% owner in the partnership. During the year Wright-Patt Credit Union did not make any contributions to the partnership. All revenue earned through the partnership has been included on the Form 990. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: MEMBERSHIP IS OPEN TO THOSE PERSONS, OR CORPORATIONS, UNINCORPORATED SOCIETIES OR ASSOCIATIONS, OR ANY OTHER ORGANIZATION OF INDIVIDUALS THAT MEET THE ELIGIBILITY REQUIREMENTS SET FORTH IN THE ARTICLES OF INCORPORATION, APPLY FOR MEMBERSHIP, AND ARE APPROVED FOR MEMBERSHIP IN A MANNER SPECIFIED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY: THE BOARD OF DIRECTORS IS THE GOVERNING BODY AND CONSISTS OF 9 VOLUNTEER DIRECTORS. EACH YEAR THREE DIRECTORS WILL BE ELECTED BY THE MEMBERS TO REPLACE THE THREE DIRECTORS WHOSE TERMS ARE EXPIRING. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS RESERVED FOR MEMBERS: A MAJORITY OF MEMBERS ELIGIBLE TO VOTE WOULD BE REQUIRED FOR BUSINESS THAT WOULD AFFECT THE CONTINUATION OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER AND IS THEN PRESENTED TO THE BOARD OF DIRECTORS DURING A BOARD MEETING PRIOR TO BEING FILED. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: CONFLICT OF INTEREST QUESTIONNAIRES ARE ANNUALLY OBTAINED AND REVIEWED WITH ALL MEMBERS OF THE BOARD OF DIRECTORS, SENIOR EXECUTIVE MANAGEMENT, AND VICE PRESIDENTS. ALL PERSONS IN THESE JOB CLASSIFICATIONS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM WITH REGARD TO ACCOUNTS HELD, ACTIVE LOANS, AND ANY ADDITIONAL OUTSIDE OCCUPATIONS. THESE DOCUMENTS ARE SUBMITTED FOR REVIEW. POLICY INCLUDES STEPS TO AVOID CONFLICT OF INTEREST AND IF CHANGES OCCUR REGARDING POTENTIAL CONFLICTS OF INTEREST, IT IS THE RESPONSIBILITY OF THE DIRECTOR, COMMITTEE MEMBER, OR EMPLOYEE TO REPORT SUCH CHANGES TO THE PROPER CHANNEL. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND OTHER OFFICERS: THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING COMPARABILITY DATA AND AN INTERNAL JOB EVALUATION COMMITTEE. THE SALARY OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER IS THEN APPROVED BY THE BOARD OF DIRECTORS. THIS REVIEW IS CONDUCTED ANNUALLY AND WAS LAST PERFORMED IN 2020. COMPENSATION REVIEW FOR ALL OTHER OFFICERS AND KEY EMPLOYEE POSITIONS WAS CONDUCTED IN 2020 BY HUMAN RESOURCES USING A THIRD PARTY CONSULTING SERVICE. ONGOING MARKET PRICING AND POSITION SALARY GRADING IS DONE AS-NEEDED BY THE COMPANY'S DIRECTOR OF HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: ARTICLES OF INCORPORATION, CODE OF REGULATION AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. INTERNALLY PREPARED FINANCIAL STATEMENTS ARE POSTED MONTHLY IN THE BRANCHES. QUARTERLY REPORTS TO NCUA ARE AVAILABLE ON NCUA'S WEBSITE. AUDITED YEAR END FINANCIAL STATEMENTS ARE POSTED TO OUR COMPANY'S WEBSITE ALONG WITH THE ANNUAL REPORT. MYCUMORTGAGE LLC 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 311690008 MRTG PROCESS OH 61208002 144094646 WRIGHT-PATT WPCU SUNSHINE COMMUNITY FUND 3560 PENTAGON BLVD BEAVERCREEK OH 454311706 852669888 COMMUNITY GIV OH 501(C)(3) 7 WRIGHT-PATT true false false false false false false false false false false false false false false false false false false false