2025-05-02T14:54:15-04:00 2024-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2024-01-01 390716620 WEA CREDIT UNION WEAC 6082749828 PO BOX 8003 MADISON WI 537088003 CASSANDRA THOM PRESIDENT/CEO 6082749828 2025-04-25 true true PETER RASMUSSEN P01888997 6083173765 2025-05-02 X 2024 2025-03-06 01:10:19Z CASSANDRA THOM PO BOX 8003 MADISON WI 537088003 1857966 false X WEACU.COM X 1931 WI WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM. 7 7 7 9 540 0 1039325 1305870 460115 549439 2547 2657 1501987 1857966 250 500 0 416307 437366 0 0 790422 1072846 1206979 1510712 295008 347254 37997463 38313666 33903412 33872362 4094051 4441304 X WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 225 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 2,756 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,495 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 1,965 OUTSTANDING LOANS RECEIVABLE. false false false false false false false true 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 949 0 true 7 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 true true false true true false false X CASSANDRA THOM 6082749828 PO BOX 8003 MADISON WI 537088003 CASSANDRA THOM PRESIDENT/CE 50.00 X 95619 0 36340 RUSSELL ALLEN CHAIR 0.75 X X 0 0 0 ROSS HAMPTON VICE CHAIR 0.50 X X 0 0 0 LEIGH BARKER CHEESEBRO TREASURER 0.50 X X 0 0 0 KATHRYN NAUTA SECRETARY 0.50 X X 0 0 0 TERRANCE CRANEY DIRECTOR 0.50 X 0 0 0 JILL HEIN DIRECTOR 0.50 X 0 0 0 RYAN MADDEN DIRECTOR 0.50 X 0 0 0 95619 36340 false false false INTEREST ON LOANS 522130 1166415 1166415 OTHER MEMBER RELATED INCOME 522130 98967 98967 MEMBER FEE INCOME 522130 39948 39948 FEE & INSURANCE INCOME 520000 540 540 1305870 549439 549439 2657 2657 1857966 1305330 540 552096 500 95619 215044 27432 74919 24352 1250 13771 5199 88309 314832 101917 31859 1422 9912 9754 26240 DIVIDENDS EXPENSE 401719 CREDIT LOSS EXPENSE 66662 1510712 0 0 0 227486 72066 9889302 9691084 19884129 22166922 52242 61815 404677 387389 21504 17288 7636666 6177655 286134 126836 37997463 38313666 221766 235482 28989 63745 33652657 33573135 33903412 33872362 X 4094051 4441304 4094051 4441304 37997463 38313666 347254 -1 X false false false true X 404677 387389 17288 17288 INVESTMENTS WITH MATURITY > 1 YEAR 5982070 C CAPITAL ACCOUNTS CORPORATE CU 179752 C WISCUB CUSO 15833 C 6177655 MEMBERS SHARES & DEPOSITS 33636079 ALLOWANCE OFF BAL SHT CREDIT LOSSES 801 ESCROW TO LINE 21 ON BAL SHEET -63745 33573135 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND INSURANCE RELATED TO MORTGAGE LOANS. FORM 990 - ORGANIZATION'S MISSION WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM. 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 MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE 990 WITH THE DIRECTORS AT THE NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C A CONFLICT OF INTEREST STATEMENT IS COMPLETED AND SIGNED EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 15A COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. THE PRESIDENT/CEO COMPENSATION AMOUNT IS APPROVED BY BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. BYLAWS ARE AVAILABLE FOR REVIEW BY REQUEST.