2021-11-12T09:44:46-06:00 2020-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2020-01-01 596143861 GULF WINDS CREDIT UNION GULF 8504799601 220 EAST NINE MILE ROAD PENSACOLA FL 32534 DALE JOHNSON EVP OF STRATEGY AND PERFORMANCE 8504799601 2021-11-11 1 DALE JOHNSON 999009999 CLAIRE C DUREN CPA P01577924 8504357400 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DALE JOHNSON 220 EAST NINE MILE ROAD PENSACOLA FL 32534 45108325 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. 12 12 265 16 1473 0 0 0 18205210 19666720 8207665 8546177 14398347 13784679 40811222 41997576 219428 325141 0 0 14462490 15994551 0 0 0 20775674 22799999 35457592 39119691 5353630 2877885 719554550 919701095 635482058 832718706 84072492 86982389 THE CREDIT UNION'S MISSION IS TO ENHANCE MEMBERS' FINANCIAL WELL BEING BY IDENTIFYING MEMBERS' FINANCIAL NEEDS AND FULFILLING THOSE NEEDS. 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 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 24908 0 1 265 1 1 1 0 0 0 0 0 0 0 X 12 12 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 R L OSWALD SR CHAIRMAN 1.00 X 0 0 0 FRED HOUSTON 1ST VICE CHAIR 1.00 X 0 0 0 GERALD EADY 2ND VICE CHAIR 1.00 X 0 0 0 JACK WILLIAMS TREASURER 1.00 X 0 0 0 A LARRY MALTBY SECRETARY 1.00 X 0 0 0 VANCE BATEMENA DIRECTOR 1.00 X 0 0 0 CHRIS BROOKS DIRECTOR 1.00 X 0 0 0 SHELLY FOUNTAIN DIRECTOR 1.00 X 0 0 0 WILLIAM FRITCHMAN DIRECTOR 1.00 X 0 0 0 JIM TAYLOR DIRECTOR 1.00 X 0 0 0 NELSON WHALEY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER RUTLEDGE CEO 45.00 X 813719 0 24563 ASHLEY JANSKY EVP MEMBER EXPERIENCE 45.00 X 210360 0 20785 KURT STENERSON EVP OF DIGITAL INNOVATION 45.00 X 226783 0 20389 JOANNE HYATT SVP CHIEF LENDING OFFICER 45.00 X 166330 0 19577 TERRY JOHNSON EVP OF STRATEGY AND PERFORMANCE 45.00 X 184949 0 24145 ROBERT ALFT FINANCIAL ADVISOR 45.00 X 160081 0 10624 MARCI WATTERS FINANCIAL ADVISOR 45.00 X 137828 0 18203 JOHAN BOELING REGIONAL VP 45.00 X 125587 0 14564 PATRICK WENDOLEK VP OF ENTERPRISE APPLICATI 45.00 X 138332 0 4158 2163969 0 157008 9 0 1 0 Q2 SOFTWARE PO BOX 678272 DALLAS TX 752678272 ONLINE BANKING 956173 FISERV PO BOX 979 BROOKFIELD WI 530080979 PAYMENTS 840924 DUNCAN MCCALL ADVERTISING 4400 BAYOU BLVD SUITE 11 PENSACOLA FL 32503 ADVERTISING 734531 JACK HENRY & ASSOCIATES INC 7400 CAHABA VALLEY ROAD BIRMINGHAM AL 35242 SOFTWARE 678843 GLORY GLOBAL SOLUTIONS INC 705 SOUTH 12TH STREET WATERTOWN WI 53094 TCR MAINTENANCE 445831 26 LOAN INTEREST INCOME 522100 19666720 19666720 19666720 8334943 8334943 3321983 3110749 211234 211234 211234 FEES AND SERVICE CHARGES 522100 12455297 12455297 INTERCHANGE INCOME 522100 963388 963388 GAIN ON OREO 522100 651780 651780 -285786 -287259 1473 13784679 41997576 33449926 1473 8546177 305141 20000 1711600 10197958 916497 2287822 880674 54912 126985 574258 1489040 749406 2533601 296409 113023 316933 4362257 1574979 385337 PROVISION FOR LOAN LOSS 3058442 ATM AND DEBIT CARD EXPE 2361757 MISCELLANEOUS EXPENSES 854509 REPAIRS AND MAINTENANCE 541928 3406223 39119691 9524872 7814195 56760684 190693787 495583185 513454731 3006736 2845669 36139968 17857584 17767045 18282384 127801309 176503413 1167745 955428 7942974 9151488 719554550 919701095 8527973 9153834 626954085 823564872 635482058 832718706 X 0 0 0 0 84072492 86982389 84072492 86982389 719554550 919701095 X 2877885 2058416 -2026404 X X 0 1 X 1 0 5000 5000 5000 1 NAFCU 3138 10TH STREET N ARLINGTON VA 22201 952642719 5000 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 34942073 17857584 17084489 18282384 ACCRUED INVESTMENT INCOME 352316 C RETIREMENT ASSETS 27304860 C OTHER INVESTMENTS 344062 C FEDERAL AGENCY SECURITIES 141934136 C CORP CU CAPITAL SHARES 1155339 C CERTIFICATES OF DEPOSIT 4765000 C FHLB STOCK 647700 C 176503413 MEMBER DEPOSITS 823564872 823564872 1 MANNA FOOD PANTRIES 3030 NORTH E STREET PENSACOLA FL 32501 592181031 501(C)(3) 15000 FILL THE MAYFLOWER - THANKSGIVING EVENT MANNA FOOD PANTRIES 3030 NORTH E STREET PENSACOLA FL 32501 592181031 501(C)(3) 20000 COVID-19 EMERGENCY RELIEF AMERICA'S SECOND HARVEST OF THE BIG BEND 4446 ENTREPOT BLVD TALLAHASSEE FL 32310 592610345 501(C)(3) 6000 DONATIONS TO ANNUAL GENERAL FUND COUNCIL ON AGING OF WEST FLORIDA INC 875 ROYCE STREET PENSACOLA FL 32503 591373939 501(C)(3) 15000 DONATIONS TO ANNUAL GENERAL FUND ADX COMMUNICATIONSCAT COUNTRY 987 7251 PLANTATION ROAD PENSACOLA FL 32504 824598636 6000 SPRING JAM - EVENT SPONSORSHIP BENEFITTING SANTA ROSA KID'S HOUSE ATMORE CHAMBER OF COMMERCE 137 N MAIN ST ATMORE AL 36502 630254159 501(C)(3) 7500 ANNUAL SPONSORSHIP BIG BROTHERS BIG SISTERS OR NORTHWEST FLORIDA 1320 CREIGHTON RD PENSACOLA FL 32504 592996893 501(C)(3) 15000 FISHING CAMP AUCTION ELDER CARE SERVICES 2518 W TENNESSEE ST TALLAHASSEE FL 32304 591426079 501(C)(3) 6000 ANNUAL DONATION MANNA FOOD PANTRIES 3030 NORTH E STREET PENSACOLA FL 32501 592181031 501(C)(3) 25000 CAPITAL CAMPAIGN- NEW FACILITY COUNCIL ON AGING OF WEST FLORIDA INC 875 ROYCE STREET PENSACOLA FL 32503 591373939 501(C)(3) 10000 HURRICANE SALLY EMERGENCY RELIEF SACRED HEART FOUNDATION 5151 NORTH 9TH AVE PENSACOLA FL 32504 592436597 501(C)(3) 65000 COVID-19 EMERGENCY RELIEF (PPE) UNITED WAY OF WEST FLORIDA 1301 W GOVERNMENT ST PENSACOLA FL 32502 590651076 501(C)(3) 12000 MIRACLE ON PALAFOX - EVENT SPONSORSHIP ASSISTING UNITED WAY TO BUY CHRISTMAS GIFTS FOR CHILDREN. BIG BROTHERS BIG SISTERS OF NORTHWEST FLORIDA 1320 CREIGHTON RD PENSACOLA FL 32504 592996893 501(C)(3) 5000 HURRICANE SALLY EMERGENCY RELIEF ATMORE LIONS CLUB PO BOX 906 ATMORE AL 36504 636049510 501(C)(3) 5000 HURRICANE SALLY EMERGENCY RELIEF BOYS AND GIRLS CLUB 2751 N H STREET PENSACOLA FL 32501 591267050 501(C)(3) 5000 COVID-19 EMERGENCY RELIEF JUNIOR ACHIEVEMENT OF NORTHWEST FLORIDA 7100 PLANTATION ROAD PENSACOLA FL 32504 590839555 501(C)(3) 5000 ANNUAL DONATION RONALD MCDONALD HOUSE OF NORTHWEST FLORIDA 5200 BAYOU BLVD PENSACOLA FL 32503 592172279 501(C)(3) 5000 CASUAL 4 KIDS SPONSORSHIP ESCAMBIA COUNTY AREA AGENCY ON AGING 5090 COMMERCE PARK CIR PENSACOLA FL 32505 591912803 501(C)(3) 5000 ANNUAL DONATION CITY OF GULF BREEZE 1070 SHORELINE DR GULF BREEZE FL 32561 593176093 501(C)(3) 5000 BARGOWEEN SPONSORSHIP SPRINGTIME TALLAHASSEE 501 E TENNESSEE ST TALLAHASSEE FL 32308 475306581 501(C)(3) 5000 MUSIC STAGE SPONSORS 19 1 HIGHER ED. SCHOLARSHIPS 4 20000 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 1 1 0 CHRISTOPHER RUTLEDGE CEO 813719 0 0 0 0 0 8515 0 16048 0 838282 0 0 0 KURT STENERSON EVP OF DIGITAL INNOVATION 226783 0 0 0 0 0 6466 0 13923 0 247172 0 0 0 ASHLEY JANSKY EVP MEMBER EXPERIENCE 210360 0 0 0 0 0 5839 0 14946 0 231145 0 0 0 TERRY JOHNSON EVP OF STRATEGY AND PERFORMANCE 184949 0 0 0 0 0 6106 0 18039 0 209094 0 0 0 JOANNE HYATT SVP CHIEF LENDING OFFICER 166330 0 0 0 0 0 5558 0 14019 0 185907 0 0 0 ROBERT ALFT FINANCIAL ADVISOR 160081 0 0 0 0 0 9107 0 1517 0 170705 0 0 0 MARCI WATTERS FINANCIAL ADVISOR 137828 0 0 0 0 0 10359 0 7844 0 156031 0 0 0 PART I, LINES 4A-B 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. THE CREDIT UNION ALSO PAID A $30,000 SEVERANCE PAYMENT TO DEAN DAVIS IN 2020. 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 -2,026,404. 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, 2020, ARE FOR THE YEAR ENDED JUNE 30, 2021. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0