Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST - LOANS

  total $412,010,000 · related or exempt $412,010,000

• 2b · Program service revenue: SERVICE & MEMBER FEES

  total $93,586,920 · related or exempt $75,764,430 · unrelated business $17,822,490

• 2c · Program service revenue: INT-INVEST SECURITIES

  total $93,543,000 · related or exempt $93,543,000

• 2d · Program service revenue: UNRELATED PARTNERSHIP INCOME

  total $113,164 · unrelated business $113,164

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $1,474,916

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  securities $0 · other assets $1,474,916

• 7d · Net gain or loss

  total $1,474,916 · related or exempt $1,474,916

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,119,547

• 5 · Compensation of officers, directors and key employees

  total $9,006,227

• 7 · Other salaries and wages

  total $92,000,956

• 8 · Pension plan contributions

  total $6,892,164

• 9 · Other employee benefits

  total $18,228,945

• 10 · Payroll taxes

  total $7,128,126

• 11b · Fees: legal

  total $660,854

• 11c · Fees: accounting

  total $745,668

• 11f · Fees: investment management

  total $886,190

• 11g · Fees: other

  total $4,158,001

• 12 · Advertising and promotion

  total $6,122,981

• 13 · Office expenses

  total $8,464,234

• 14 · Information technology

  total $4,414,553

• 16 · Occupancy

  total $8,001,124

• 17 · Travel

  total $612,686

• 19 · Conferences, conventions and meetings

  total $219,490

• 20 · Interest

  total $205,349,403

• 22 · Depreciation, depletion and amortization

  total $8,727,105

• 23 · Insurance

  total $718,418

• 24a · Other expenses: BAD DEBT EXPENSE

  total $89,846,518

• 24b · Other expenses: LOAN SERVICING EXPENSE

  total $17,127,509

• 24c · Other expenses: OUTSIDE SERVICES

  total $36,346,759

• 24d · Other expenses: PATRONAGE DIVIDENDS

  total $6,750,782

• 24e · All other expenses

  total $9,753,760

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $457,520,000 · end of year $639,558,000

• 2 · Savings and temporary cash investments

  beginning of year $93,751,000 · end of year $104,720,000

• 5 · Loans and receivables from officers and key people

  beginning of year $64,572,084 · end of year $65,989,548

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $5,961,827,916 · end of year $6,427,280,452

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,881,934 · end of year $6,163,704

• 10a · Land, buildings and equipment: cost or other basis

  $146,649,502

• 10b · Land, buildings and equipment: accumulated depreciation

  $69,844,941

• 10c · Land, buildings and equipment, net

  beginning of year $75,041,144 · end of year $76,804,561

• 11 · Investments: publicly traded securities

  beginning of year $0

• 12 · Investments: other securities

  beginning of year $1,411,964,000 · end of year $1,476,689,000

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $264,779,066 · end of year $269,153,296

• 17 · Accounts payable and accrued expenses

  beginning of year $118,008,315 · end of year $96,657,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $505,995,271 · end of year $507,340,000

• 25 · Other liabilities

  beginning of year $6,952,056,665 · end of year $7,632,524,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $758,276,893 · end of year $829,837,561

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions

CERTAIN BOARD MEMBERS RECEIVE COMPANION TRAVEL (INCLUDED IN TAXABLE COMPENSATION).

Schedule J, Part I, Line 4a Severance or change-of-control payment

BEN REMPE RECEIVED A SEVERANCE PAYMENT OF $174,372. THIS AMOUNT IS INCLUDED WITH REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

WRIGHT-PATT CREDIT UNION PARTICIPATES IN A 457(F) PLAN. TIMOTHY MISLANSKY PARTICIPATED IN A 457F PLAN AS OF 1/1/2022. AS OF 12/31/2024, THE REMAINING PLAN HAD A BALANCE OF $318,849. THE VESTED AMOUNT IS $161,133.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MYCUMORTGAGE LLC

  MRTG PROCESS · OH · income $22,959,976 · assets $60,059,714

  Directly controlled by WRIGHT-PATT

• WRIGHT-PATT HOLDINGS LLC

  CUSO HOLDING · OH · income -$43,304 · assets $8,682,441

  Directly controlled by WRIGHT-PATT

• NWU COLLABORATIVE LLC

  CUSO HOLDING · OH · income $47,285 · assets $227,501

  Directly controlled by WRIGHT-PATT

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• WRIGHT-PATT INSURANCE PRODUCTS

  Related · INSURANCE · OH · 90% owned · share of income $811,418 · share of assets $1,043,489 · general or managing partner

  Directly controlled by WRIGHT-PATT