2025-04-25T17:27:01-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 860108241 CREDIT UNION WEST CRED 6026313200 PO BOX 7600 GLENDALE AZ 853127600 KELLY POLDOSKI CFO 6026313200 2025-04-25 1 0 AUBREY CLEGG P01076395 3052328272 2025-04-16 2024 2025-03-06 01:10:19Z KAREN ROCH PO BOX 7600 GLENDALE AZ 853127600 102396721 0 X WWW.CUWEST.ORG X 1951 AZ FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 8 8 285 17 305899 0 0 0 69745482 88465413 3858557 5170018 221755 -110775 73825794 93524656 145000 530800 0 0 20411132 24295354 0 0 0 39787026 56491817 60343158 81317971 13482636 12206685 1206329192 1299512297 1090583497 1171816104 115745695 127696193 TO INSPIRE OUR MEMBERS, EMPLOYEES AND COMMUNITIES TO ACHIEVE THEIR FINANCIAL GOALS AND ENHANCE THEIR QUALITY OF LIFE. 0 0 FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 22703 0 1 285 1 1 1 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CREDIT UNION WEST 6026313200 10150 W DESERT RIVER BLVD GLENDALE AZ 85305 LARBERG GARY CHAIRPERSON 1.00 X 10000 0 0 JACKSON DON V. CHAIRPERSON 1.00 X 7500 0 0 LAGUNA FRANCES DIRECTOR 1.00 X 6250 0 0 TYUS WANDA DIRECTOR 1.00 X 6250 0 0 FORD JONATHON DIRECTOR 1.00 X 6250 0 0 GENDREAU LUIS DIRECTOR 1.00 X 6250 0 0 HOBSON CAROL DIRECTOR 1.00 X 6250 0 0 OLIVER SR JERRY DIRECTOR 1.00 X 6250 0 0 POLDOSKI KELLY CHIEF FINANCIAL OFFICER 40.00 X 316176 0 57100 BROWN CHERYL CHIEF PEOPLE OFFICER 40.00 X 223428 0 28228 DUONG NING EVP-COO 40.00 X 438202 0 68196 CHRISTENSEN BEN D CHIEF INFORMATION OFFICER 40.00 X 271424 0 10641 BIRR ROBERT VP-CHIEF LENDING OFFICER 40.00 X 327999 0 97494 ROCH KAREN CEO/PRESIDENT 40.00 X 1033439 0 45775 GREEN DANIELLE VP- RETAIL DELIVERY 40.00 X 226192 0 43224 CRUZ DIANA VP- LOSS PREVENTION 40.00 X 234534 0 48261 BURT JAIME VP- ADMINISTRATION 40.00 X 205113 0 42046 BAKER SETH R VP-IT 40.00 X 220993 0 41847 O'CONNOR RYAN SEAN VP- MARKETING & COMMUNICATIONS 40.00 X 256588 0 42652 RUIZ MANNY VP- BUSINESS SERVICES 40.00 X 189704 0 35093 FIELDSON NICHOLAS INVESTMENT ADVISOR 40.00 X 190129 0 18423 BLOSS JODY DIRECTOR- CONSUMER LENDING 40.00 X 180032 0 17648 WADE ROBERT INVESTMENT ADVISOR 40.00 X 189986 0 27110 BELL KIONA DIRECTOR- DIGITAL DELIVERY 40.00 X 164363 0 20184 BLAYLOCK TRICIA DIRECTOR- ENTERPRISE RISK MANAGEMENT 40.00 X 161153 0 12858 4884455 0 656780 43 0 1 0 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75267 ONLINE BANKING PROVIDER 1111991 MASTERCARD INTERNATIONAL 2200 MASTERCARD BLVD OFALLEN MO 633687263 CREDIT CARD ISSUER 1000115 JACK HENRY PO BOX 609 MONETT MO 65708 DATA PROCESSOR 711161 WILLMENG CONSTRUCTORS INC 1702 EAST HIGHLAND AVE STE 450 PHOENIX AZ 85016 CONSTRUCTION 707175 FIS PO BOX 4535 CAROL STREAM IL 60197 CARD PROCESSOR 592071 37 LOANS TO MEMBERS 522100 72081584 72081584 FEES/CHARGES/OTHER 522100 16077930 16077930 INVESTMENT SERVICES 523000 237041 237041 NON-MEMBER ATM FEE INC 525990 64503 64503 NON-MEMBER NOTARY FEE 541900 4355 4355 88465413 5643406 5643406 172491 283266 -110775 -110775 -110775 7045411 1070000 7520740 1068059 -475329 1941 -473388 -473388 93524656 87686126 305899 5532631 X 200000 330800 4559349 14758947 1433707 2125431 1417920 230961 175093 3891125 1083266 2392816 1958042 552120 312008 68695 26147594 150577 2041080 164060 PROVISION FOR LOAN LOSS 11349833 LOAN SERVICING 5017753 MAINTENANCE 684872 ATM EXPENSES 265348 6574 81317971 4527663 5438556 57947449 86680551 1415443 1541505 1600000 970193168 1029630340 1947970 2639601 43799096 13858481 29815512 29940615 95899705 98081886 5863395 4397181 38718887 39562062 1206329192 1299512297 26323331 25324709 1064260166 1146491395 1090583497 1171816104 X 0 0 0 0 115745695 127696193 115745695 127696193 1206329192 1299512297 X 12206685 1189342 -1445529 X X 0 1 X 1 0 6362373 6362373 23279022 4283374 18995648 2934686 1331347 1603339 11223015 8243760 2979255 29940615 SHARE ACCOUNTS 207421541 SHARE DRAFT ACCOUNTS 218822309 MONEY MARKET ACCOUNTS 268014830 SHARE AND IRA CERTIFICATES 440155599 IRA SHARES 12077116 1146491395 X 93807922 0 93807922 -283266 -283266 93524656 81601237 283266 283266 81317971 0 81317971 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990 AS A REDUCTION OF REVENUE BUT INCLUDED IN EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS -283,266. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990 AS A REDUCTION OF REVENUE BUT INCLUDED IN EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS 283,266. 1 CU WEST CARES INC PO BOX 7600 PHOENIX AZ 85312 920483609 501(C)(3) 200000 0 CHARITABLE CONTRIBUTION 1 1 DOWN PAYMENT ASSISTANCE PROGRAM 6 330800 PART I, LINE 2: THE CONTRIBUTION IS CHARITABLE IN NATURE TO THE CREDIT UNION-SPONSORED FOUNDATION. THE OFFICERS OF THE FOUNDATION ARE CREDIT UNION EMPLOYEES WHO ENSURE THE FUNDS CONTRIBUTED BY THE CREDIT UNION ARE USED TO CARRY OUT THE FOUNDATION'S MISSION. FORM 990, SCHEDULE I, PART III QUALIFIED HOMEBUYERS MAY RECEIVE A GRANT TO USE TOWARD THEIR DOWN PAYMENT AND CLOSING COSTS. X X 1 1 X X X X X 0 1 0 ROCH KAREN CEO/PRESIDENT 597810 0 140629 0 295000 0 30500 0 15275 0 1079214 0 280000 0 DUONG NING EVP-COO 353191 0 74811 0 10200 0 67833 0 363 0 506398 0 0 0 BIRR ROBERT VP-CHIEF LENDING OFFICER 259748 0 58051 0 10200 0 91885 0 5609 0 425493 0 0 0 POLDOSKI KELLY CHIEF FINANCIAL OFFICER 261854 0 44122 0 10200 0 48728 0 8372 0 373276 0 0 0 O'CONNOR RYAN SEAN VP- MARKETING & COMMUNICATIONS 204195 0 47393 0 5000 0 42652 0 0 0 299240 0 0 0 CRUZ DIANA VP- LOSS PREVENTION 187065 0 47469 0 0 0 38949 0 9312 0 282795 0 0 0 CHRISTENSEN BEN D CHIEF INFORMATION OFFICER 262009 0 0 0 9415 0 10641 0 0 0 282065 0 0 0 GREEN DANIELLE VP- RETAIL DELIVERY 180280 0 40912 0 5000 0 39734 0 3490 0 269416 0 0 0 BAKER SETH R VP-IT 177291 0 43702 0 0 0 39327 0 2520 0 262840 0 0 0 BROWN CHERYL CHIEF PEOPLE OFFICER 147387 0 71333 0 4708 0 27416 0 812 0 251656 0 0 0 BURT JAIME VP- ADMINISTRATION 162035 0 38078 0 5000 0 37846 0 4200 0 247159 0 0 0 RUIZ MANNY VP- BUSINESS SERVICES 154679 0 30025 0 5000 0 33293 0 1800 0 224797 0 0 0 WADE ROBERT INVESTMENT ADVISOR 60515 0 127071 0 2400 0 18810 0 8300 0 217096 0 0 0 FIELDSON NICHOLAS INVESTMENT ADVISOR 67334 0 120395 0 2400 0 18423 0 0 0 208552 0 0 0 BLOSS JODY DIRECTOR- CONSUMER LENDING 145257 0 34775 0 0 0 17648 0 0 0 197680 0 0 0 BELL KIONA DIRECTOR- DIGITAL DELIVERY 132622 0 31741 0 0 0 16034 0 4150 0 184547 0 0 0 BLAYLOCK TRICIA DIRECTOR- ENTERPRISE RISK MANAGEMENT 130673 0 30480 0 0 0 12858 0 0 0 174011 0 0 0 PART I, LINE 4B DURING 2024, THE BELOW-LISTED EMPLOYEES RECEIVED A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN PAYOUT: ROCH, KAREN- $280,000 DURING 2024, THE BELOW-LISTED EMPLOYEES PARTICIPATED IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DOLLAR AMOUNTS REPORTED REPRESENT THE ACCRUED BENEFIT EXPENSE INCURRED BY THE CREDIT UNION DURING 2024. BIRR, ROBERT- $64,000 CRUZ, DIANA- $18,667 GREEN, DANIELLE- $18,667 POLODSKI, KELLY- $26,667 DOUNG, NING- $37,333 BAKER, SETH- $18,667 O'CONNOR, RYAN- $18,667 BURT, JAIME- $18,667 RUIZ, MANNY- $18,667 THE CEO/PRESIDENT, KAREN ROCH, PARTICIPATES IN A SUPPLEMENTAL RETIREMENT BENEFIT PLAN THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR" PLAN. SEE ADDITIONAL INFORMATION IN SCHEDULE L. KAREN ROCH CEO/PRESIDENT TO FUND CASD X 1600000 1600000 0 1 1 1600000 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR" PLAN. ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD, THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S MEMBERS VOTE TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION'S MEMBERS VOTE ON ANY CHANGES TO THE GOVERNING BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 TAX RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. INDIVIDUALS MUST REPORT ANY CONFLICT OF INTEREST AT THE TIME IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 15(A): COMPENSATION COMMITTEE REVIEWS INFORMATION FROM AN INDEPENDENT COMPENSATION CONSULTANT AND FROM A COMPENSATION SURVEY FOR THE CEO'S SALARY. CEO'S COMPENSATION IS APPROVED BY THE BOARD. 15(B): COMPENSATION FOR OTHER OFFICERS IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON INPUT FROM AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT ALL BRANCH LOCATIONS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS REPRESENTING THE ENTIRE MEMBERSHIP. OTHER POLICY STATEMENTS MAY BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS 6,574. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BENEFIT PENSION PLAN -1,316,858. NET UNREALIZED HOLDING GAINS/(LOSSES) ON DERIVATIVES -128,671. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CU WEST CARES INC PO BOX 7600 PHOENIX AZ 85312 920483609 PRIVATE FOUNDATION AZ 501(C)(3) PF CREDIT UNION WEST 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 CU WEST CARES INC B 200000 ACTUAL