West Coast Federal Employees Credit Union
- Assets
- $31.1m
- Revenue
- $1.1m
- Investments
- $10.3m
- Employees
- 12
- Location
- Sarasota, FL
- Founding
- Data as of
- 12/2015
- EIN
- 59-0946581
Organization Overview
West Coast Federal Employees Credit Union is located in Sarasota, FL. As of 12/2015, West Coast Federal Employees Credit Union employed 12 individuals. West Coast Federal Employees Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF CREDIT UNION SERVICES TO STATE CHARTERED CREDIT UNION MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SERVICES TO MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett W Faber Chairman | OfficerTrustee | 2 | $0 |
Barbara Gomez Vice Chair | OfficerTrustee | 1 | $0 |
Jack Huppert Director/alco Chair | Trustee | 1 | $0 |
Karl Smith Secretary | OfficerTrustee | 1 | $0 |
Doris Hipsher Treasurer | OfficerTrustee | 1 | $0 |
Richard Murias Director/audit Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $620,600 |
| Investment income | $250,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,531 |
| Pension plan accruals and contributions | $21,540 |
| Other employee benefits | $61,074 |
| Payroll taxes | $36,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,956 |
| Fees for services: Accounting | $16,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,311 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,077 |
| Office expenses | $140,659 |
| Information technology | $108,720 |
| Royalties | $0 |
| Occupancy | $38,105 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,681 |
| Interest | $35,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,132 |
| Insurance | $29,911 |
| All other expenses | $14,771 |
| Total functional expenses | $1,133,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,112 |
| Savings and temporary cash investments | $1,901,801 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $24,562 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,512,865 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,566 |
| Net Land, buildings, and equipment | $727,250 |
| Investments—publicly traded securities | $7,863,179 |
| Investments—other securities | $10,345,803 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,370 |
| Total assets | $31,117,508 |
| Accounts payable and accrued expenses | $257,925 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,036,272 |
| Total liabilities | $27,294,197 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,823,311 |