2023-04-11T19:50:28-04:00 2022-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2022-01-01 410787859 WEST METRO SCHOOLS CREDIT UNION WEST 9529884165 1001 HIGHWAY 7 RM 249 HOPKINS MN 55305 CRYSTAL SCHUMAN PRESIDENT 9529884165 2023-04-05 true CRYSTAL SCHUMAN 999009999 false PETER RASMUSSEN P01888997 6083173765 2023-04-11 X 2022 2023-04-26 12:10:37Z CRYSTAL SCHUMAN 1001 HIGHWAY 7 RM 249 HOPKINS MN 55305 1509319 false X WWW.WMSCU.ORG X 1954 MN WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS. 7 7 6 10 0 0 1267636 1255165 184005 252169 2927 1985 1454568 1509319 4000 4000 0 419967 458995 0 0 756769 770526 1180736 1233521 273832 275798 38809311 38718935 32333842 31967668 6475469 6751267 X WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 181 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 2,607 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 369 NEW LOANS TO MEMBERS DURING 2022. AS OF 12/31/22 WE HAD 1,705 LOANS TO OUR MEMBERS. false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 964 0 true 6 true false false false false false false false false X 7 7 false false false false true true true true true false false false true false false true true true true false X CRYSTAL SCHUMAN 9529884165 1001 HIGHWAY 7 RM 249 HOPKINS MN 55305 CRYSTAL SCHUMAN PRESIDENT 40.00 X 113443 0 35786 MARY KAY MYRMEL CAHIR 2.00 X X 0 0 0 LISA WALKER VICE CHAIR 2.00 X X 0 0 0 BETTY MAGNUSON SECRETARY 1.50 X X 0 0 0 JOHN TOOP DIRECTOR 1.00 X 0 0 0 THERESA MYRE DIRECTOR 1.00 X 0 0 0 THOMAS OPITZ DIRECTOR 1.00 X 0 0 0 COLLEEN LUCK DIRECTOR 1.00 X 0 0 0 113443 35786 1 false false false INTEREST ON LOANS 522130 1001722 1001722 OTHER MEMBER RELATED INCOME 522130 231576 231576 MEMBER FEE INCOME 522130 21867 21867 1255165 252169 252169 1985 1985 1509319 1255165 254154 4000 113443 245176 19166 52879 28331 21000 14431 330690 83426 31531 1084 199 29493 19824 DIVIDENDS EXPENSE 197166 LOAN SERVICING EXPENSE 38073 PROVISION FOR LOAN LOSS 3609 1233521 0 0 0 89379 64282 9229220 5697251 17625993 19834616 31430 -3642 202874 150857 40725 52017 11078181 12344181 714383 730230 38809311 38718935 26184 94053 32307658 31873615 32333842 31967668 X 6475469 6751267 6475469 6751267 38809311 38718935 275798 X false false 35523 22955 12568 167351 127902 39449 52017 INVESTMENTS > 1 YR MATURITY 8131000 C HTM INVESTMENTS >1 YR MATURITY 4172000 C CAPITAL ACCT - CORP CREDIT UNION 20665 C INVSTMNT - SERVION CUSO 12500 C INVSTMNT - TRELLANCE CUSO 8016 C 12344181 MEMBER SHARES & CERTIFICATES 31545191 457 PLAN 328424 31873615 FORM 990 - ORGANIZATION'S MISSION WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT PROVIDES THE NECESSARY INFORMATION TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. THE PRESIDENT REVIEWS THE RETURN FOR ACCUARCY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 15A THE PERSONNEL COMMITTEE GIVES THE BOARD OF DIRECTORS A RECOMMENDATION FOR THE COMPENSATION OF THE PRESIDENT. THE BOARD MAKES THE FINAL DETERMINATION AND APPROVES THE PRESIDENT'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE PERSONNEL COMMITTEE MEETS WITH THE PRESIDENT TO REVIEW AND ADJUST THE COMPENSATION FOR ALL EMPLOYEES. ALL COMPENSATION CHANGES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE HOPKINS OFFICE. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH.