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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marie Peet President | Officer | 55 | $77,000 |
Garrett W Faber Chairman | OfficerTrustee | 2 | $0 |
Karl Smith Secretary | OfficerTrustee | 1 | $0 |
Doris Hipsher Treasurer | OfficerTrustee | 1 | $0 |
Barbara Gomez Vice Chair | OfficerTrustee | 1 | $0 |
Jack Huppert Director/alco Chair | Trustee | 1 | $0 |
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 |
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