2017-05-31T11:05:11-05:00 2016-12-31 430352985 KERBER ECK & BRAECKEL LLP 1000 MYERS BUILDING SPRINGFIELD IL 62701 990 2016-01-01 370580740 WESTERN CATHOLIC UNION WEST 2172239721 510 MAINE STREET QUINCY IL 62301 KENT STEGEMAN TREASURER 2172239721 2017-05-23 1 PHILLIP G CAPPS P01025343 2177890960 2017-05-23 12.147.51.178 2017-05-23 11:02:23 CD P 2C60A3FFB4EE75F86D7191DF3DCE0E444B6116DC E248A9047AD67C3ED031EF36F8CEFE5508495702 2016 2021-01-29 14:40:06Z KENT STEGEMAN 510 MAINE STREET QUINCY IL 62301 63560579 0 X WWW.WCULIFE.ORG X 1877 IL FRATERNAL BENEFIT SOCIETY OFFERING LIFE INSURANCE AND ANNUITY PLANS TO ITS MEMBERS. 12 10 23 1250 0 0 0 0 13960293 20468929 9357451 9142222 551989 858951 23869733 30470102 0 0 18337546 16043384 1621030 1622245 0 0 0 2848245 13058712 22806821 30724341 1062912 -254239 177684703 181951865 168610995 173094823 9073708 8857042 TO ATTEND TO THE FRATERNAL, FINANCIAL AND SPIRITUAL WELL-BEING OF THE MEMBERS OF THE WESTERN CATHOLIC UNION BY OFFERING THEM THE GREATEST NUMBER OF SOCIAL AND SPIRITUAL OPPORTUNITIES POSSIBLE AND TO KEEP OUR MEMBERS SAFE AND SECURE WITH THE BEST INSURANCE PRODUCTS AVAILABLE. 0 0 THE WESTERN CATHOLIC UNION IS A FRATERNAL BENEFIT SOCIETY OFFERING LIFE INSURANCE AND ANNUITY PLANS TO ITS MEMBERS. PROGRAM SERVICES INCLUDE $16,043,384 FOR BENEFITS PAID TO MEMBERS FOR LIFE INSURANCE AND ANNUITY BENEFITS. THE REMAINING EXPENSES COVER OPERATIONAL EXPENSES. 0 0 0 0 0 0 0 0 0 1 0 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 0 0 0 1 4794 0 1 23 1 0 0 0 0 0 0 0 0 X 12 10 0 0 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IL X KENT STEGEMAN 2172239721 510 MAINE STREET QUINCY IL 62307 ROGER PLAYER CHAIRMAN, PRESIDENT & CEO 40.00 X X 127535 0 19185 AUGUST BOESSEN TRUSTEE 1.00 X 12000 0 0 CORINN PULEO TRUSTEE 1.00 X 10100 0 0 DAVID HUTT TRUSTEE 1.00 X 12600 0 0 JAMES OBERT TRUSTEE 1.00 X 16000 0 0 JOSEPH GRAWE TRUSTEE 1.00 X 10820 0 0 PHILIP HILDEBRAND JR TRUSTEE 1.00 X 14700 0 0 SHERRI SCHAEFER TRUSTEE 1.00 X 12600 0 0 MICHAEL BICKHAUS TRUSTEE 1.00 X 4700 0 0 LINDA MOORE TRUSTEE 1.00 X 4900 0 0 JOHN PRANGL TRUSTEE 1.00 X 4700 0 0 TRACY ORNE TRUSTEE 1.00 X 5600 0 0 HENRY SCHAPER SR TRUSTEE 1.00 X 7400 0 0 JOHN BRUNER TRUSTEE 1.00 X 7000 0 0 KENT STEGEMAN SECRETARY/TREASURER & CFO 40.00 X X 177811 0 14640 ROBERT LEY NATIONAL SALES DIRECTOR 40.00 X 143204 0 26079 STEVEN LOOTEN V.P - FRATERNAL ACTIVITIES 40.00 X 102229 0 18330 673899 0 78234 4 0 1 0 ALLEN BAILEY & ASSOCIATES INC 8310-1 N CAPITAL OF TEXAS HWY SUITE AUSTIN TX 78731 ACTUARIAL 416283 AMERICAN INSURANCE ADMINISTRATORS 2650 MCCORMICK DRIVE CLEARWATER FL 33759 THIRD PARTY ADMINISTRATION 395017 BLUE CROSS & BLUE SHIELD 25550 NETWORK PLACE CHICAGO IL 60673 HEALTH INSURANCE 206150 ZACK STAMP LTD 601 WEST MONROE ST SPRINGFIELD IL 62704 LEGAL 101695 4 INSURANCE PREMIUMS 524113 18876698 18876698 COMMISSION ALLOWANCE 524113 1592231 1592231 20468929 7797924 7797924 34434775 33090477 1344298 1344298 1344298 AMORTIZATION OF IMR 900099 845590 845590 MISCELLANEOUS 900099 13361 13361 858951 30470102 21813227 0 8656875 16043384 462291 829544 53068 184501 92841 121114 49504 371854 811300 20676 109853 137063 24000 CHANGE IN RESERVES 7088701 GAINS TRANSFERRED TO IM 2327313 COMMISSIONS 1694465 OTHER EXPENSES 179281 123588 30724341 3097544 3639424 4893709 10668441 10257626 1900142 994834 848674 905308 158371749 157733955 657975 1308029 4040320 3213814 177684703 181951865 277788 205189 494204 79769 167839003 172809865 168610995 173094823 X 0 0 0 0 9073708 8857042 9073708 8857042 177684703 181951865 X -254239 340837 -303264 X X 0 1 X 1 0 4950 4950 1327916 443479 884437 567276 551355 15921 905308 RESERVES 145573023 DEPOSIT TYPE CONTRACTS 13098682 CLAIMS LIABILITY 2785034 REFUNDS PAYABLE 105000 FRATERNAL DEATH BENEFIT RESERVE 3772652 INTEREST MAINTENCE RESERVE 6519663 ASSET VALUATION RESERVE 295982 DUE TO REINSURERS 38731 EMPLOYEE POST RETIREMENT HEALTH BENEFITS 109221 COMMISSIONS PAYABLE 159160 EXPENSE ALLOWANCE DEFICIENCY RESERVE 352717 172809865 X 29916459 0 29916459 553643 553643 30470102 30170698 0 30170698 553643 553643 30724341 PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(8) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED A PRIVATE FOUNDATION. THE SOCIETY HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE SOCIETY IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE DATE OF THE STATEMENTS OF FINANCIAL POSITION. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN GENERAL EXPENSES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING FISCAL YEAR 2016 AND 2015. THE SOCIETY FILES FORM 990 ANNUALLY IN THE FEDERAL JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 277,861. COMMISSION AND EXPENSE ALLOWANCES 275,782. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 277,861. COMMISSION AND EXPENSE ALLOWANCES 275,782. X X X 0 0 0 KENT STEGEMAN SECRETARY/TREASURER & CFO 158901 0 18910 0 0 0 8963 0 5677 0 192451 0 0 0 ROBERT LEY NATIONAL SALES DIRECTOR 114560 0 24790 0 3854 0 7482 0 18597 0 169283 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE SOCIETY AMENDED ITS BYLAWS DURING 2016. THE SECRETARY AND TREASURER POSITIONS HAVE BEEN ADDED AS DELEGATES AS THOSE POSITIONS ARE NO LONGER TRUSTEES. THE CHANGES TO THE BYLAWS ALSO GRANTS AUTHORITY TO THE BOARD OF TRUSTEES TO ESTABLISH PROPER COMPENSATION FOR KEY PERSONNEL AND GRANTS AUTHORITY TO THE BOARD OF TRUSTEES TO CHANGE THE BYLAWS BETWEEN CONVENTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE WESTERN CATHOLIC UNION IS A NOT-FOR-PROFIT FRATERNAL BENEFIT SOCIETY WITH 26,642 MEMBERS AT THE CLOSE OF BUSINESS ON DECEMBER 31, 2016. FORM 990, PART VI, SECTION A, LINE 7A EACH BRANCH (MADE OF UP MEMBERS) ELECTS DELEGATES THAT ELECT THE BOARD OF DIRECTORS AT THE QUADRENNIAL CONVENTION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES FILL OUT CONFLICT OF INTEREST FORMS AT THE NOVEMBER BOARD MEETING AND SUBMIT THEM TO THE SECRETARY. EMPLOYEES FILL OUT CONFLICT OF INTEREST FORMS ONCE A YEAR AND SUBMIT THEM TO THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO & CFO IS DETERMINED BY THE OFFICER REVIEW AND COMPENSATION COMMITTEE OF THE BOARD WHO REVIEW AND DISCUSS PERFOMANCE EVALUATIONS AND COMPARATIVE FINANCIAL INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN SURPLUS DUE TO REINSURANCE -43,258. CHANGE IN NONADMITTED ASSETS -54,604. CHANGE IN AVR 100,998. CHANGE IN FRATERNAL DEATH BENEFIT PROGRAM -299,086. OTHER -7,314. FORM 990, PART XII, LINE 1: THE SOCIETY USES THE REGULATORY BASIS. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.