2025-11-10T14:20:58-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381844068 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN COMMUNITY WEST CREDIT UNION CRED 6162615657 5801 BROADMOOR AVE SE KENTWOOD MI 49512 LINDSAY HAWLK CFO 6162615657 2025-11-10 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-10 2024 2025-03-06 01:10:19Z COMMUNITY WEST CREDIT UNION HEIDI HUNT 5801 BROADMOOR AVE SE KENTWOOD MI 49512 14662988 0 1359 X WWW.COMMUNITYWESTCU.ORG X 1967 MI STATE CHARTERED CREDIT UNION - WE PROVIDE A FULL RANGE OF AFFORDABLE DEPOSITORY AND LENDING SERVICES TO MEMBERS THROUGH 6 BRANCH LOCATIONS, 10 ATM'S, TELEPHONE-BASED ACCESS, INTERNET BASED ACCESS, AND MOBILE ACCESS. 7 7 82 7 27550 0 0 0 11625144 12276926 1580724 2386062 0 0 13205868 14662988 0 0 0 0 5499103 5445323 0 0 0 8081699 9209501 13580802 14654824 -374934 8164 256963658 244701744 243067555 230154719 13896103 14547025 X AS A STATE CHARTERED CREDIT UNION, WE PROVIDE COMPETITIVE RATES FOR OUR DEPOSITS AND LOANS. WE PROVIDE A FULL RANGE OF AFFORDABLE FINANCIAL SERVICES MEETING MOST PEOPLES' NEEDS. OUR GOAL IS TO BECOME THE PRIMARY FINANCIAL SERVICE PROVIDER FOR THE MAJORITY OF OUR MEMBERSHIP. BY USING OUR CAPITAL EFFECTIVELY, WE WILL PROVIDE APPROPRIATE INCOME LEVELS AND GENERATE A POSITIVE RETURN ON ASSETS. 0 0 INTEREST PAID ON MEMBERS DEPOSITS, IRAS AND CERTIFICATES. THE PURPOSE IS TO PROVIDE INTEREST BEARING SAVING DEPOSIT SERVICES TO OUR MEMBERS. LOAN SERVICING COSTS FOR LENDING PRODUCTS TO OUR MEMBERS. DATA PROCESSING EXPENSES REQUIRED TO PROVIDE LOAN AND DEPOSIT SERVICES TO OUR MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 8831 0 1 82 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 0 0 X ADAM NORTON 6162615657 THE 5801 BROADMOOR AVE SE KENTWOOD MI 49512 PAMELA HOVE BOARD CHAIRPERSON 2.00 X 0 0 0 BILL JONES BOARD VICE CHAIRPERSON 2.00 X 0 0 0 SHAWN MILLER BOARD SECRETARY 2.00 X 0 0 0 BERNARD ZAHM BOARD TREASURER 2.00 X 0 0 0 ZACHARY CHALTRY BOARD DIRECTOR 2.00 X 0 0 0 LISA KNAPP BOARD DIRECTOR 2.00 X 0 0 0 ANGIE PAAUWE BOARD CHAIRPERSON 2.00 X 0 0 0 PHILLIP MINSTER BOARD CHAIRPERSON 2.00 X 0 0 0 HEIDI HUNT CEO 40.00 X 252213 0 30757 LINDSAY HAWLK CFO (1/1/24-11/22/24) 40.00 X 172803 0 26475 ZACHARIAH ADAM NORTON CFO 40.00 X 21309 0 2308 ROBERT LISTEN CIO 40.00 X 126811 0 26170 KAREN VANTIL COO 40.00 X 132541 0 20713 JENNIFER HARVEY VP OF LEGAL & LOSS PREVENTION 40.00 X 104460 0 10581 810137 0 117004 5 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD PROCESSOR 927377 CUANSWERS 6000 28TH STREET SE GRAND RAPIDS MI 49546 DATA PROCESSING SYSTEM 426188 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 CARD PROCESSOR 414644 LOCKTON PO BOX 675381 DALLAS TX 75267 CREDIT INSURANCE 231455 4 LOAN INTEREST 522100 8753324 8753324 FEES, CHARGES, AND OTHER 522100 3496052 3496052 FINANCE & INSURANCE 520000 27550 27550 12276926 2386062 2386062 14662988 14635438 27550 0 X 505865 3789553 152123 730636 267146 100838 154518 38639 175173 1386567 434142 453327 11982 76648 4289072 32809 490330 6495 LOAN SERVICING EXPENSE 1185888 PROVISION FOR LOAN LOSS 156666 ATM EXPENSE 129515 FRAUD EXPENSE 43802 43090 14654824 1868990 1694888 13990928 26313012 117707 212146 159375550 142119999 528778 415262 11715517 1942250 11510295 9773267 46772308 41786227 17242446 16665442 52364 17408 5504292 5704093 256963658 244701744 2830616 2361851 20000000 4096931 220236939 223695937 243067555 230154719 X 0 0 0 0 13896103 14547025 13896103 14547025 256963658 244701744 8164 642758 0 X X 0 1 X 1 0 1435987 1435987 8688418 1130554 7557864 1513695 762237 751458 77417 49459 27958 9773267 CD'S AFS 15091742 F ALLOYA PERPETUAL CONTRIBUTED CAPITAL 649700 C FHLB STOCK 675000 C CDS (> 12 MONTHS MATURITY 249000 C 16665442 SHARE ACCOUNTS 76004919 MONEY MARKET ACCOUNTS 47079423 INDIVIDUAL RETIREMENT ACCOUNTS 1821150 SHARE DRAFT ACCOUNTS 45809305 CERTIFICATES OF DEPOSIT AND IRA CERTIFICATES 52981140 223695937 X 14662988 0 14662988 0 14662988 14654824 0 14654824 0 14654824 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. X X X 0 0 0 HEIDI HUNT CEO 225718 0 19740 0 6755 0 10104 0 20653 0 282970 0 0 0 LINDSAY HAWLK CFO (1/1/24-11/22/24) 170233 0 2180 0 390 0 6980 0 19495 0 199278 0 0 0 KAREN VANTIL COO 128947 0 2189 0 1405 0 5517 0 15196 0 153254 0 0 0 ROBERT LISTEN CIO 124317 0 2189 0 305 0 5517 0 20653 0 152981 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. APPOINTED MEMBERSHIP OFFICERS APPROVE APPLICATIONS FOR MEMBERSHIP FROM ELIGIBLE PERSONS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ARE INVITED TO ATTEND AN ANNUAL MEETING TO ELECT INDIVIDUALS STANDING FOR ELECTION TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY BUSINESS ORGANIZATION CHANGES REQUIRE APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION REQUIED TO PREPARE FORM 990 IS GATHERED BY THE CFO AND PROVIDED TO THE PAID PREPARER. THE COMPLETED FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS IN THE EMPLOYEE HANDBOOK, WHICH IS REVIEWED AND SIGNED BY THE EMPLOYEE WHEN HIRED AND THEN ANNUALLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USES SALARY COMPARISON REPORT PERIODICALLY TO DETERMINE THE CEO'S SALARY. WE USE A THIRD PARTY VENDOR, BALANCED COMP, TO DETERMINE THE PAY VIA COMPARATIO WHICH IS DETERMINED BY PEER, ASSET SIZE, AND LOCATION FOR ALL STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. ADDITIONALLY, OUR STATEMENT OF FINANCIAL CONDITION IS POSTED IN THE LOBBY OF EACH BRANCH. FORM 990, PART IX, LINE 11G CONSULTING/TEMPORARY SERVICES 38,639. FORM 990, PART IX, LINE 24E MISC. 43,090. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. COMMUNITY WEST LEGACY FOUNDATION 5801 BROADMOOR AVE SE KENTWOOD MI 49512 870819573 DEVELOPING AND SUPPORTING CHARITABLE ORGANIZATIONS MI 501(C)(3) LINE 10 COMMUNITY WEST CREDIT UNION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0