2024-11-12T12:22:56-06:00 2023-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2023-01-01 430603999 WEST COMMUNITY CREDIT UNION WEST 6367202400 4161 HIGHWAY K OFALLON MO 633688294 MELISSA GREEN CFO 6367202400 2024-11-12 1 0 GERALD TENBRINK P00638199 9138946214 2024-11-12 2023 2024-10-15 13:58:12Z JASON PEACH 4161 HIGHWAY K OFALLON MO 633688294 32023717 0 X WWW.WESTCOMMUNITYCU.ORG X 1936 MO TO BE OUR MEMBERS' LIFELONG FINANCIAL PARTNER BY TRULY UNDERSTANDING THEIR STORIES AND DELIVERING SMART SOLUTIONS. 9 9 154 9 103416 0 0 2238673 21704475 28368777 661048 1253374 533722 34704 22899245 31895528 6893 44184 0 13694 9567264 10558612 0 0 0 11451020 18133779 21025177 28750269 1874068 3145259 433121136 469359896 403982083 433643660 29139053 35716236 TO BE OUR MEMBERS' LIFELONG FINANCIAL PARTNER BY TRULY UNDERSTANDING THEIR STORIES AND DELIVERING SMART SOLUTIONS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 32,276 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 19,897 LOANS OUTSTANDING TOTALING $403,410,873, INCLUDING LOAN PARTICIPATIONS. PAID DIVIDENDS ON DEPOSITS TOTALING $4,147,900 FOR THE YEAR. 0 1 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7685 0 1 154 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X JASON PEACH 6367202400 4161 HIGHWAY K OFALLON MO 633688294 MICHAEL MURPHY CHAIRMAN 1.00 X 0 0 0 TOM KRAPU VICE CHAIRMAN 1.00 X 0 0 0 ERIC VANDERHOEF SECRETARY 1.00 X 0 0 0 CHRIS ABBOTT TREASURER 1.00 X 0 0 0 TRINETTA TAYLOR BOARD MEMBER 1.00 X 0 0 0 SEAN LONG BOARD MEMBER 1.00 X 0 0 0 RYAN DUNNEGAN BOARD MEMBER 1.00 X 0 0 0 LEAH PETRAS BOARD MEMBER 1.00 X 0 0 0 DEBBIE GERINGER BOARD MEMBER 1.00 X 0 0 0 JASON PEACH PRESIDENT/CEO 45.00 X 376613 0 64074 MELISSA GREEN CFO 45.00 X 172542 0 38130 KATHY GAHR VP - BRANCH MANAGEMENT 45.00 X 174138 0 19107 KOREN GREUBEL VP - MARKETING & DIGITAL ENGAGEMENT 45.00 X 174655 0 19951 WILLIAM MCFARLAND VP - INFORMATION TECHNOLOGY 45.00 X 174747 0 35749 DENNIS MCGRANE VP - LENDING 45.00 X 169688 0 31406 LORENE MEYER VP - ORGANIZATIONAL STRATEGY & PERFORMANCE 45.00 X 174112 0 28649 RICHARD DILLARD AVP - COMMERCIAL LENDING 45.00 X 147718 0 30635 AUSTIN FLYNN AVP - CORE SYSTEMS 45.00 X 164365 0 12824 JAMES GUILFORD AVP - BRANCH MANAGEMENTE 45.00 X 120455 0 31513 SHANNON JOHNSON AVP - DIGITAL ENGAGEMENT 45.00 X 154767 0 14896 JOSH RODRIGUEZ AVP - FINTECH & MISSION INTEGRATION 45.00 X 154495 0 14566 2158295 0 341500 12 0 1 0 0 2238673 2238673 INTEREST ON LOANS 522100 21994755 21994755 FEES & OTHER INCOME 522100 6350403 6270606 79797 WARRANTY SALES 524298 23619 23619 28368777 1225623 1225623 34704 34704 155940 128189 27751 27751 27751 31895528 29553439 103416 0 X 35184 9000 13694 1653561 7003570 519641 766512 615328 66386 82603 3139779 643247 1022923 858961 1365829 144498 2293571 1039725 168434 DIVIDENDS ON SHARES 4147900 LOAN SERVICING 1518100 PROVISION FOR LOAN LOSS 1371150 DUES & SUBSCRIPTIONS 110140 160533 28750269 6318666 4578106 63423 6216222 335241 1755415 374366852 401251917 7879152 6471843 28162725 7638664 17504059 20524061 14281094 10834042 15819701 14281238 433121136 469359896 9561789 8938092 100261 75330000 42500000 319090294 382105307 403982083 433643660 X 0 0 0 0 29139053 35716236 29139053 35716236 433121136 469359896 X 3145259 3431924 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3578 3578 3578 1 CUPAC OF MISSOURI 223 MADISON STREET JEFFERSON CITY MO 65101 431310069 3578 PART I-A, LINE 1: CONTRIBUTIONS TO A CREDIT UNION PAC 0 1 X 4443443 4443443 17253171 3641625 13611546 6466111 3997039 2469072 20524061 SHARES & DEPOSITS 382105307 382105307 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO SOME MEMBER REAL ESTATE LOANS. 1 $1,500 SCHOLARSHIPS 6 9000 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO GRADUATING HIGH SCHOOL SENIORS PLANNING TO ATTEND AN ACCREDITED COLLEGE, UNIVERSITY, CAREER OR TRADE SCHOOL. THE SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS AND WINNERS ARE AWARDED $1,500 WITH PROCEEDS PAID DIRECTLY TO THE SCHOOL UPON PROOF OF ENROLLMENT. X X 0 1 0 JASON PEACH PRESIDENT/CEO 339792 0 36821 0 0 0 50560 0 13514 0 440687 0 0 0 MELISSA GREEN CFO 149684 0 22858 0 0 0 25896 0 12234 0 210672 0 0 0 WILLIAM MCFARLAND VP - INFORMATION TECHNOLOGY 144971 0 22776 0 7000 0 25743 0 10006 0 210496 0 0 0 LORENE MEYER VP - ORGANIZATIONAL STRATEGY & PERFO 128541 0 23071 0 22500 0 12275 0 16374 0 202761 0 0 0 DENNIS MCGRANE VP - LENDING 147343 0 22345 0 0 0 25440 0 5966 0 201094 0 0 0 KOREN GREUBEL VP - MARKETING & DIGITAL ENGAGEMENT 151891 0 22764 0 0 0 13944 0 6007 0 194606 0 0 0 KATHY GAHR VP - BRANCH MANAGEMENT 143045 0 22693 0 8400 0 13100 0 6007 0 193245 0 0 0 RICHARD DILLARD AVP - COMMERCIAL LENDING 89668 0 58050 0 0 0 21724 0 8911 0 178353 0 0 0 AUSTIN FLYNN AVP - CORE SYSTEMS 137070 0 27295 0 0 0 6567 0 6257 0 177189 0 0 0 SHANNON JOHNSON AVP - DIGITAL ENGAGEMENT 134487 0 20280 0 0 0 5154 0 9742 0 169663 0 0 0 JOSH RODRIGUEZ AVP - FINTECH & MISSION INTEGRATION 132745 0 21750 0 0 0 1350 0 13216 0 169061 0 0 0 JAMES GUILFORD AVP - BRANCH MANAGEMENTE 109255 0 11200 0 0 0 18061 0 13452 0 151968 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT SALARY CONSULTANT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR THE FOLLOWING EXECUTIVES THROUGH COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS: - JASON PEACH, PRESIDENT/CEO - LORENE MEYER, VICE PRESIDENT - ORGANIZATIONAL STRATEGY & PERFORMANCE - KOREN GREUBEL, VICE PRESIDENT - MARKETING & DIGITAL ENGAGEMENT SEE SCHEDULE L FOR THE RELATED LOANS OUTSTANDING. JASON PEACH PRESIDENT/CEO COLLATERAL ASSIGNMENT SPLIT DOLLAR LOAN, WITH RECOURSE X 534000 554200 0 1 1 LORENE MEYER VICE PRESIDENT - ORGANIZATIONAL STRATEGY & PERFORMANCE COLLATERAL ASSIGNMENT SPLIT DOLLAR LOAN, WITH RECOURSE X 708000 736010 0 1 1 KOREN GREUBEL VICE PRESIDENT - MARKETING & DIGITAL ENGAGEMENT COLLATERAL ASSIGNMENT SPLIT DOLLAR LOAN, WITH RECOURSE X 447500 465205 0 1 1 1755415 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT SALARY CONSULTANT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE CEO AND VICE PRESIDENT OF ORGANIZATIONAL STRATEGY & PERFORMANCE AND IS PRESENTED TO THE BOARD AS PART OF THE BUDGET PROCESS. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES AND PROCEDURES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DEBIT CARD PROCESSING 1,110,681. ATM PROCESSING 700,290. ONLINE BANKING & BILL PAY SERVICES 635,565. OFFSITE CALL CENTER 179,644. OTHER PROFESSIONAL & OUTSIDE SERVICES 513,599. FORM 990, PART XI, LINE 9: NET ASSETS ACQUIRED FROM MERGER WITH MISSOURI VALLEY FEDERAL CREDIT UNION 3,340,233. ASC 715 PENSION ADJUSTMENT 837,058. CECL TRANSITION ADJUSTMENT -745,367.