Civic Intelligence

West Metro Schools Credit Union

EIN 41-0787859 • 501(c)14 • Hopkins, MN

Profile

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.

1001 Highway 7 Rm 249Hopkins, MN 55305

wmscu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.82x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

14.33x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

54th percentile

12%

Higher net margin than 54% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$172,087

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Asset Growth

66th percentile

3.0%

Faster asset growth than 66% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

23%

Faster revenue growth than 87% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$40,368,184

Up $1,164,615 (+3.0%) from 2023

Liabilities

Up

$33,093,870

Up $890,791 (+2.8%) from 2023

Net Assets

Up

$7,274,314

Up $273,824 (+3.9%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin54th percentile

Revenue

Up

$2,309,606

Up $424,915 (+23%) from 2023

Expenses

Up

$2,035,782

Up $433,181 (+27%) from 2023

Net Income

Down

$273,824

Down $8,266 (-2.9%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $24,930,303Liabilities 2010: $20,927,783Net Assets 2010: $4,002,5202010Assets 2011: $26,214,899Liabilities 2011: $21,930,537Net Assets 2011: $4,284,3622011Assets 2012: $27,039,180Liabilities 2012: $22,550,101Net Assets 2012: $4,489,0792012Assets 2013: $27,349,527Liabilities 2013: $22,687,702Net Assets 2013: $4,661,8252013Assets 2014: $26,662,758Liabilities 2014: $21,822,430Net Assets 2014: $4,840,3282014Assets 2015: $25,971,650Liabilities 2015: $20,925,043Net Assets 2015: $5,046,6072015Assets 2016: $28,290,176Liabilities 2016: $23,036,139Net Assets 2016: $5,254,0372016Assets 2017: $28,524,551Liabilities 2017: $23,081,818Net Assets 2017: $5,442,7332017Assets 2018: $29,480,370Liabilities 2018: $23,845,885Net Assets 2018: $5,634,4852018Assets 2019: $30,501,263Liabilities 2019: $24,593,188Net Assets 2019: $5,908,0752019Assets 2020: $35,605,213Liabilities 2020: $29,403,576Net Assets 2020: $6,201,6372020Assets 2021: $38,809,311Liabilities 2021: $32,333,842Net Assets 2021: $6,475,4692021Assets 2022: $38,718,935Liabilities 2022: $31,967,668Net Assets 2022: $6,751,2672022Assets 2023: $39,203,569Liabilities 2023: $32,203,079Net Assets 2023: $7,000,4902023Assets 2024: $40,368,184Liabilities 2024: $33,093,870Net Assets 2024: $7,274,3142024

Highlighted filing

2024

Assets$40,368,184
Liabilities$33,093,870
Net Assets$7,274,314
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $906,4962010Expenses 2011: $750,4982011Expenses 2012: $800,8802012Revenue 2013: $955,769Expenses 2013: $783,023Net Income 2013: $172,7462013Revenue 2014: $924,988Expenses 2014: $746,485Net Income 2014: $178,5032014Revenue 2015: $957,557Expenses 2015: $751,278Net Income 2015: $206,2792015Revenue 2016: $1,060,639Expenses 2016: $853,209Net Income 2016: $207,4302016Revenue 2017: $1,155,811Expenses 2017: $967,115Net Income 2017: $188,6962017Revenue 2018: $1,333,786Expenses 2018: $1,142,034Net Income 2018: $191,7522018Revenue 2019: $1,551,731Expenses 2019: $1,278,141Net Income 2019: $273,5902019Revenue 2020: $1,499,922Expenses 2020: $1,206,360Net Income 2020: $293,5622020Revenue 2021: $1,454,568Expenses 2021: $1,180,736Net Income 2021: $273,8322021Revenue 2022: $1,509,319Expenses 2022: $1,233,521Net Income 2022: $275,7982022Revenue 2023: $1,884,691Expenses 2023: $1,602,601Net Income 2023: $282,0902023Revenue 2024: $2,309,606Expenses 2024: $2,035,782Net Income 2024: $273,8242024

Highlighted filing

2024

Revenue$2,309,606
Expenses$2,035,782
Net Income$273,824
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,368,184
Liabilities
$33,093,870
Net assets
$7,274,314
Revenue
$2,309,606
Expenses
$2,035,782
Net income
$273,824
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.4$33.1$7.27$2.31$2.04$0.27
2023Detailed filing. Detailed filing data is available for this year.$39.2$32.2$7.00$1.88$1.60$0.28
2022Detailed filing. Detailed filing data is available for this year.$38.7$32.0$6.75$1.51$1.23$0.28
2021Detailed filing. Detailed filing data is available for this year.$38.8$32.3$6.48$1.45$1.18$0.27
2020Detailed filing. Detailed filing data is available for this year.$35.6$29.4$6.20$1.50$1.21$0.29
2019Detailed filing. Detailed filing data is available for this year.$30.5$24.6$5.91$1.55$1.28$0.27
2018Detailed filing. Detailed filing data is available for this year.$29.5$23.8$5.63$1.33$1.14$0.19
2017Detailed filing. Detailed filing data is available for this year.$28.5$23.1$5.44$1.16$0.97$0.19
2016Detailed filing. Detailed filing data is available for this year.$28.3$23.0$5.25$1.06$0.85$0.21
2015Detailed filing. Detailed filing data is available for this year.$26.0$20.9$5.05$0.96$0.75$0.21
2014Detailed filing. Detailed filing data is available for this year.$26.7$21.8$4.84$0.92$0.75$0.18
2013Detailed filing. Detailed filing data is available for this year.$27.3$22.7$4.66$0.96$0.78$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$22.6$4.49$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$21.9$4.28$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$20.9$4.00$0.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 4, 2025
Return Version
2024v5.0
Gross Receipts
$2,318,073
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$21,814,699$21,461,716▼ $352,983
Investments Program Related$10,778,181$10,191,181▼ $587,000
Rtn Earn Endowment Incm Other Fnds$7,000,490$7,274,314▲ $273,824
Savings and Temporary Cash Investments$5,713,829$7,017,486▲ $1,303,657
Receivables From Officers Etc-$859,213-
Cash and Non-Interest-Bearing Accounts$71,629$74,737▲ $3,108
Land, Buildings, and Equipment, Net$38,030$40,424▲ $2,394
Prepaid Expenses and Deferred Charges$83,200$29,859▼ $53,341
Total Assets$39,203,569$40,368,184▲ $1,164,615
Other Assets Total$704,001$693,568▼ $10,433
Liabilities
Other Liabilities$32,093,224$33,060,780▲ $967,556
Accounts Payable and Accrued Expenses$109,855$33,090▼ $76,765
Total Liabilities$32,203,079$33,093,870▲ $890,791
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,000,490$7,274,314▲ $273,824
Total Liabilities and Net Assets / Fund Balance$39,203,569$40,368,184▲ $1,164,615

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,911$133,520$162,431
Leasehold Improvements$7,763$27,760$35,523
Other Land Buildings$3,750-$3,750
Investment Program Related Org$8,016--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Crystal SchumanPresidentFT$123,757$48,330$172,087

Board Members and Trustees

NameTitle
Lisa WalkerVice Chair
Colleen LuckDirector
John ToopDirector
Patricia WrightDirector
Thomas OpitzDirector
Mary Kay MyrmelCahir
Betty MagnusonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,806,380
Investment Income
$499,973
Other Revenue
$3,253
Change in Net Assets
$273,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,477,983
Salaries, Compensation, and Employee Benefits$551,799
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$320,918
Other Salaries and Wages---$291,020
Current Officers, Directors, Trustees, and Key Employees---$140,126
Information Technology---$118,502
Other Employee Benefits---$63,863
Other Expenses---$47,215
Fees for Services Other---$43,090
Occupancy---$36,828
Payroll Taxes---$33,735
Advertising---$29,826
Pension Plan Contributions---$23,055
Depreciation Depletion---$21,193
Insurance---$21,107
Fees for Services Accounting---$14,400
Conferences and Meetings---$12,254
Grants to Domestic Orgs---$6,000
Fees for Services Legal---$3,986
Interest---$3
Total Functional Expenses$0$0$0$2,035,782
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$859,213-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$32,812,501
457 B Plan$247,895
Allowance of Bal Sht Credit Losses$384
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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 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.”

Filing and Contact Details

Filer

Filer Name
West Metro Schools Credit Union
EIN
41-0787859
Phone
9529884165
Address
1001 HIGHWAY 7 RM 249, HOPKINS, MN 55305

Signing Officer

Name
Crystal Schuman
Title
President
Phone
9529884165
Signed
2025-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Crystal Schuman
Formed
1954
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
9

Preparer

Firm
Audit Threesixty
Address
1202 JOHNSON ST, ONALASKA, WI 54650-2008
Preparer
Peter Rasmussen
Phone
6083173765
Supplemental Narrative

Additional Explanations

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.”

Raw XML Appendix393 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherLiabilitiesGrp/BOYAmt032093224
IRS990/OtherLiabilitiesGrp/EOYAmt033060780
IRS990/OtherSalariesAndWagesGrp/TotalAmt0291020
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021814699
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021461716
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt033735
IRS990/PensionPlanContributionsGrp/TotalAmt023055
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029859
IRS990/PrincipalOfficerNm0CRYSTAL SCHUMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01667963
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1112555
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225862
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01667963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1112555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225862
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 497 NEW LOANS TO MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 1,743 LOANS TO OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt06000
IRS990/PYInvestmentIncomeAmt0387605
IRS990/PYOtherExpensesAmt01089045
IRS990/PYOtherRevenueAmt03324
IRS990/PYProgramServiceRevenueAmt01493762
IRS990/PYRevenuesLessExpensesAmt0282090
IRS990/PYSalariesCompEmpBnftPaidAmt0507556
IRS990/PYTotalExpensesAmt01602601
IRS990/PYTotalRevenueAmt01884691
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0859213
IRS990/ReconcilationRevenueExpnssAmt0273824
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03253
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03253
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07000490
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07274314
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05713829
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07017486
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt028911
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0133520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0162431
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt010150000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt120665
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt212500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt38016
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCTS CORPORATE CREDIT UNIOI
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT SERVION CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT TRELLANCE CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07763
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt027760
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035523
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03750
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032812501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1247895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1457 B PLAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ALLOWANCE OF BAL SHT CREDIT LOSSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040424
IRS990ScheduleD/TotalBookValueProgramRltdAmt010191181
IRS990ScheduleD/TotalLiabilityAmt033060780
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0123757
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount015469
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07425
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CRYSTAL SCHUMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172087
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0RE 4B. THE ORGANIZATION DEPOSITED FUNDS INTO A LIFE INSURANCE POLICY ON THE PRESIDENT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, THE PRESIDENT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. PRESIDENT CRYSTAL SCHUMAN PARTICIPATES IN A 457(B) PLAN. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0859213
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FUND PURCHASE CASD LIFE INSUR POLIC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0850000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CRYSTAL SCHUMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT THE IRS REFERS TO AS COLLATERAL ASSIGNMENT SPLIT DOLLAR (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN PART II, ABOVE, FOR LOANS TO INTERESTED PERSONS, CASD IS NOT AN ACTUAL LOAN. THERE IS NEITHER A TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION FOR THE PARTICIPANT TO PAY THOSE FUNDS BACK. INSTEAD, THE CREDIT UNION RECOVERS ITS OUTLAYS PLUS INTEREST FROM THE UNDERLYING POLICY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0859213
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE HOPKINS OFFICE. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt039203569
IRS990/TotalAssetsEOYAmt040368184
IRS990/TotalAssetsGrp/BOYAmt039203569
IRS990/TotalAssetsGrp/EOYAmt040368184
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02035782
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032203079
IRS990/TotalLiabilitiesEOYAmt033093870
IRS990/TotalLiabilitiesGrp/BOYAmt032203079
IRS990/TotalLiabilitiesGrp/EOYAmt033093870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07000490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07274314
IRS990/TotalOtherCompensationAmt031961
IRS990/TotalProgramServiceRevenueAmt01806380
IRS990/TotalReportableCompFromOrgAmt0140126
IRS990/TotalRevenueGrp/ExclusionAmt0502599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01807007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02309606
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039203569
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040368184
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01001 HIGHWAY 7 RM 249
IRS990/USAddress/CityNm0HOPKINS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055305
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WMSCU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CRYSTAL SCHUMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09529884165
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST METRO SCHOOLS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0410787859
ReturnHeader/Filer/PhoneNum09529884165
ReturnHeader/Filer/USAddress/AddressLine1Txt01001 HIGHWAY 7 RM 249
ReturnHeader/Filer/USAddress/CityNm0HOPKINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055305
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811697509
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AUDIT THREESIXTY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01202 JOHNSON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ONALASKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546502008
ReturnHeader/PreparerPersonGrp/PhoneNum06083173765
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-11T11:48:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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