TRUWEST CREDIT UNION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: TRUWEST CREDIT UNION (EIN 86-6050959)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-09-19
IRS object ID: 202422639349300122
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-09-19T15:26:13-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	20 EAST THOMAS ROAD SUITE 2300	AddressLine1Txt
City	PHOENIX	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85012	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	866050959	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	TRUWEST CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	TRUW	BusinessNameControlTxt
Phone	6026292065	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2190 E ELLIOT ROAD 310	AddressLine1Txt
City	TEMPE	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85284	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL WARD	PersonNm
Person Title	SVP CHIEF FINANCIAL OFFICER	PersonTitleTxt
Phone	6026292065	PhoneNum
Signature	2024-09-18	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MELISSA HANGSLEBEN	PreparerPersonNm
PTIN	P02087031	PTIN
Phone	6022662248	PhoneNum
Preparation	2024-09-18	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	ALAN ALTHOUSE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2190 E ELLIOT ROAD 310	AddressLine1Txt
City	TEMPE	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85284	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$92,658,859	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.TRUWEST.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1952	FormationYr
Legal Domicile State	AZ	LegalDomicileStateCd
Activity Or Mission	A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	310	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$932,028	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$61,792,162	PYProgramServiceRevenueAmt
CY Program Service Revenue	$82,076,554	CYProgramServiceRevenueAmt
PY Investment Income	$9,035,128	PYInvestmentIncomeAmt
CY Investment Income	$10,502,528	CYInvestmentIncomeAmt
PY Other Revenue	$1,414,875	PYOtherRevenueAmt
CY Other Revenue	$79,061	CYOtherRevenueAmt
PY Total Revenue	$72,242,165	PYTotalRevenueAmt
CY Total Revenue	$92,658,143	CYTotalRevenueAmt
PY Grants And Similar Paid	$252,304	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$235,268	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$6,734,799	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$19,750,391	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$32,402,387	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$32,897,264	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$20,911,421	PYOtherExpensesAmt
CY Other Expenses	$24,062,418	CYOtherExpensesAmt
PY Total Expenses	$60,300,911	PYTotalExpensesAmt
CY Total Expenses	$76,945,341	CYTotalExpensesAmt
PY Revenues Less Expenses	$11,941,254	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$15,712,802	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,514,781,756	TotalAssetsBOYAmt
Total Assets EOY	$1,810,234,989	TotalAssetsEOYAmt
Total Liabilities BOY	$1,400,355,296	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,686,028,127	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$114,426,460	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$124,206,862	NetAssetsOrFundBalancesEOYAmt
Mission	TRUWEST CREDIT UNION IS A COOPERATIVE PROVIDING TRUSTED FINANCIAL SOLUTIONS AND SERVICES, SO MEMBERS CAN ACHIEVE THEIR GOALS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	THE CREDIT UNION PROVIDES ITS MEMBER-OWNERS LOW COST FINANCIAL SERVICES INCLUDING FINANCIAL PLANNING.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	26844	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	310	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MICHAEL WARD	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6026292063	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2190 E ELLIOT ROAD 310	AddressLine1Txt
City	TEMPE	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85284	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
FRED FARBOD
SVP & CHIEF LENDING OFFICER	40.00	Yes (X)	$988,063	$0	$159,957
ALAN ALTHOUSE
PRESIDENT & CEO	40.00	Yes (X)	$714,301	$0	$213,792
GARY BERNARD
EVP CHIEF OPERATIONS OFFICER	40.00	Yes (X)	$617,367	$0	$165,373
BRENT CATTANI
FINANCIAL ADVISOR II	40.00		$499,850	$0	$62,086	Yes (X)
CHRIS KEARNEY
SVP & CHIEF INFORMATION OFFICER	40.00	Yes (X)	$392,398	$0	$146,351
MICHAEL WARD
SVP & CHIEF FINANCIAL OFFICER	40.00	Yes (X)	$322,531	$0	$131,392
JENNIFER KIMMELL
SVP & CHIEF MARKETING OFFICER	40.00	Yes (X)	$267,820	$0	$143,522
ALYSSE MEDINA
SVP & CHIEF LEGAL OFFICER	40.00	Yes (X)	$271,352	$0	$119,972
KATHERINE SCIASCIA
MORTGAGE LOAN ORIGINATOR	40.00		$289,071	$0	$55,324	Yes (X)
DARREN KENNON
FINANCIAL ADVISOR II	40.00		$269,593	$0	$58,513	Yes (X)
NIKKI BADJE
SVP & CHIEF HUMAN RESOURCES OFFICER	40.00	Yes (X)	$256,369	$0	$40,971
GUY AUSTIN
FINANCIAL ADVISOR II	32.00		$256,454	$0	$35,416	Yes (X)
KATHLEEN HOFFMAN
MORTGAGE LOAN ORIGINATOR	40.00		$220,098	$0	$40,817	Yes (X)
RICK O'CONNOR
CHAIRMAN	5.00	Yes (X)	$19,200	$0	$0		Yes (X)
DAVE HOLODY
DIRECTOR	1.50		$16,225	$0	$0		Yes (X)
SUSANNA DEFRANCO
TREASURER	1.50	Yes (X)	$13,500	$0	$0		Yes (X)
THOMAS CUMMISKEY
DIRECTOR	1.00		$12,975	$0	$0		Yes (X)
JEFF HOMER
DIRECTOR	1.00		$12,975	$0	$0		Yes (X)
SCOTT JOHS
SECRETARY	1.00	Yes (X)	$12,525	$0	$0		Yes (X)
MIKE MOULTON
VICE CHAIRMAN	5.00	Yes (X)	$12,150	$0	$0		Yes (X)
MIKE VASKO
DIRECTOR	1.00		$10,275	$0	$0		Yes (X)
TIM NIESZ
DIRECTOR	1.00		$9,450	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$5,484,542	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,373,486	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	63	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NCR CORPORATION
864 SPRING ST NW	ATLANTA	GA	30308	ONLINE BANKING & ATM MAINTENANCE	$2,634,487
VISA USA INC
PO BOX 742233	LOS ANGELES	CA	90074	CREDIT & DEBIT CARD SERVICES	$2,560,252
FISERV
PO BOX 208457	DALLAS	TX	75320	CORE PROCESSING SYSTEM	$1,078,699
HUBBARD BROADCASTING INC
PO BOX 511553	LOS ANGELES	CA	90051	DIGITAL ADVERTISING	$960,027
AMPLIFI LOYALTY SOLUTIONS LLC
1620 BOND ST	NAPERVILLE	IL	60563	CARD REWARD SERVICING	$737,446

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	39	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST INCOME	522100	$68,191,753	$68,191,753
INTERCHANGE INCOME	522100	$5,790,501	$5,790,501
FEES AND CHARGES	522100	$4,611,229	$4,464,888	$146,341
WEALTH MANAGEMENT COMMISSIONS	522100	$3,125,085	$2,339,398	$785,687
GAIN ON SALE OF LOANS HELD FOR SA	522100	$239,549	$239,549

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$118,437	TotalRevenueColumnAmt
Related Or Exempt Func Income	$118,437	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$82,076,554	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,502,137	TotalRevenueColumnAmt
Exclusion	$10,502,137	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$66,542	TotalRevenueColumnAmt
Exclusion	$66,542	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$1,107	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$716	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$391	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$391	TotalRevenueColumnAmt
Exclusion	$391	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS INCOME	Desc
Business	522100	BusinessCd
Total Revenue Column	$12,519	TotalRevenueColumnAmt
Exclusion	$12,519	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$12,519	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$92,658,143	TotalRevenueColumnAmt
Related Or Exempt Func Income	$81,144,526	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$932,028	UnrelatedBusinessRevenueAmt
Exclusion	$10,581,589	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$212,768	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$22,500	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$19,750,391	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,070,806	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$21,023,515	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,318,576	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,715,278	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,769,089	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$628,107	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$200,295	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$5,720,846	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,853,535	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$635,299	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,141,152	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,282,918	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$99,688	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$321,861	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,987,178	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,163,835	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$39,475	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
ACCOUNT PROCESSING	$1,213,922
OTHER STAFF EXPENSES	$1,171,769
ATM SERVICE COSTS	$981,767
ASSOCIATION DUES	$247,839

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$372,932	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$76,945,341	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$22,907,108	BOYAmt
EOY	$19,868,407	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$67,714,951	BOYAmt
EOY	$86,754,494	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$295,655	BOYAmt
EOY	$391,939	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,156,876,530	BOYAmt
EOY	$1,303,004,760	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$5,702,691	BOYAmt
EOY	$6,132,601	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$33,287,596	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$19,872,730	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$11,650,655	BOYAmt
EOY	$13,414,866	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$202,686,217	BOYAmt
EOY	$323,135,744	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$12,288,788	BOYAmt
EOY	$13,390,572	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$34,659,161	BOYAmt
EOY	$44,141,606	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,514,781,756	BOYAmt
EOY	$1,810,234,989	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$13,806,365	BOYAmt
EOY	$14,416,372	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
EOY	$199,647,285	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,386,548,931	BOYAmt
EOY	$1,471,964,470	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,400,355,296	BOYAmt
EOY	$1,686,028,127	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$114,426,460	BOYAmt
EOY	$124,206,862	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$114,426,460	BOYAmt
EOY	$124,206,862	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,514,781,756	BOYAmt
EOY	$1,810,234,989	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$15,712,802	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$7,341,172	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$13,273,572	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,587,184	OtherCostOrOtherBasisAmt
Book Value	$5,587,184	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$12,647,935	OtherCostOrOtherBasisAmt
Depreciation	$8,065,025	DepreciationAmt
Book Value	$4,582,910	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,603,861	OtherCostOrOtherBasisAmt
Depreciation	$11,807,705	DepreciationAmt
Book Value	$2,796,156	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$448,616	OtherCostOrOtherBasisAmt
Book Value	$448,616	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$13,414,866	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
MEMBER DEPOSIT ACCOUNTS	$1,458,619,869
DEFERRED COMPENSATION LIABILITY	$1,955,114
LEASE LIABILITY	$11,389,487

Field	Value	IRS element (for citing)
Total Liability	$1,471,964,470	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$92,658,143	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$92,658,143	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$92,658,143	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$84,524,856	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$7,579,515	OtherExpensesIncludedAmt
Expenses Not Reported	$7,579,515	ExpensesNotReportedAmt
Expenses Subtotal	$76,945,341	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$76,945,341	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

THE CREDIT UNION PAYS MOST TAXES, EXCEPT FOR FEDERAL AND STATE INCOME TAXES AS THEY ARE EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14). THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

CREDIT FOR LOAN LOSSES MOVED FROM EXPENSES TO PART XI OF THE FORM 990 7,579,515.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc	Purpose Of GrantPurposeOfGrantTxt
GOWEST FOUNDATION
18000 INTERNATIONAL BLVD SUITE 1102	SEATAC	WA	98188	911649328	501(C)(3)	$7,000	$0	N/A	N/A	OPERATIONAL SUPPORT
ALASKA USA FOUNDATION
PO BOX 196613	ANCHORAGE	AK	995196613	200286383	501(C)(3)	$10,000	$0	N/A	N/A	OPERATIONAL SUPPORT
DELL CHILDREN'S MEDICAL CENTER FOUNDATION
4900 MUELLER BLVD	AUSTIN	TX	78723	200468031	501(C)(3)	$10,062	$0	N/A	N/A	OPERATIONAL SUPPORT
MARBRIDGE FOUNDATION
2310 BLISS SPILLAR RD	MANCHACA	TX	78652	741183095	501(C)(3)	$10,100	$0	N/A	N/A	OPERATIONAL SUPPORT
MARICOPA COMMUNITY COLLEGES FOUNDATION
2419 W 14TH ST	TEMPE	AZ	852816942	860327449	501(C)(3)	$40,000	$0	N/A	N/A	OPERATIONAL SUPPORT
AMERICAN LUNG ASSOCIATION
102 W MCDOWELL RD	PHOENIX	AZ	85003	860111676	501(C)(3)	$60,259	$0	N/A	N/A	OPERATIONAL SUPPORT
PHOENIX CHILDREN'S HOSPITAL
2929 E CAMELBACK ROAD SUITE 122	PHOENIX	AZ	850164425	860422559	501(C)(3)	$65,347	$0	N/A	N/A	OPERATIONAL SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	7	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	8	RecipientCnt
Cash Grant	$22,500	CashGrantAmt
Valuation Method Used	N/A	ValuationMethodUsedDesc
Non Cash Assistance	N/A	NonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION DONATES TO REPUTABLE 501(C)(3) ORGANIZATIONS. THE CHECKS ARE ISSUED DIRECTLY TO THE ORGANIZATIONS AND TO THE INDIVIDUAL'S SCHOOL IN THE UNITED STATES.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
FRED FARBOD
SVP & CHIEF LENDING OFFICER	$299,993	$0	$60,450	$0	$627,620	$0	$129,354	$0	$30,603	$0	$1,148,020	$0	$609,000	$0
ALAN ALTHOUSE
PRESIDENT & CEO	$556,132	$0	$107,350	$0	$50,819	$0	$190,652	$0	$23,140	$0	$928,093	$0	$0	$0
GARY BERNARD
EVP CHIEF OPERATIONS OFFICER	$352,594	$0	$70,450	$0	$194,323	$0	$133,483	$0	$31,890	$0	$782,740	$0	$190,000	$0
BRENT CATTANI
FINANCIAL ADVISOR II	$35,104	$0	$464,547	$0	$199	$0	$22,100	$0	$39,986	$0	$561,936	$0	$0	$0
CHRIS KEARNEY
SVP & CHIEF INFORMATION OFFICER	$322,220	$0	$61,850	$0	$8,328	$0	$105,649	$0	$40,702	$0	$538,749	$0	$0	$0
MICHAEL WARD
SVP & CHIEF FINANCIAL OFFICER	$267,880	$0	$52,650	$0	$2,001	$0	$105,252	$0	$26,140	$0	$453,923	$0	$0	$0
JENNIFER KIMMELL
SVP & CHIEF MARKETING OFFICER	$214,196	$0	$44,550	$0	$9,074	$0	$102,872	$0	$40,650	$0	$411,342	$0	$0	$0
ALYSSE MEDINA
SVP & CHIEF LEGAL OFFICER	$220,962	$0	$44,350	$0	$6,040	$0	$96,871	$0	$23,101	$0	$391,324	$0	$0	$0
KATHERINE SCIASCIA
MORTGAGE LOAN ORIGINATOR	$20,630	$0	$259,547	$0	$8,894	$0	$19,603	$0	$35,721	$0	$344,395	$0	$0	$0
DARREN KENNON
FINANCIAL ADVISOR II	$36,361	$0	$229,444	$0	$3,788	$0	$20,934	$0	$37,579	$0	$328,106	$0	$0	$0
NIKKI BADJE
SVP & CHIEF HUMAN RESOURCES OFFICER	$210,293	$0	$42,650	$0	$3,426	$0	$15,368	$0	$25,603	$0	$297,340	$0	$0	$0
GUY AUSTIN
FINANCIAL ADVISOR II	$29,668	$0	$224,265	$0	$2,521	$0	$18,351	$0	$17,065	$0	$291,870	$0	$0	$0
KATHLEEN HOFFMAN
MORTGAGE LOAN ORIGINATOR	$15,233	$0	$204,031	$0	$834	$0	$17,450	$0	$23,367	$0	$260,915	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 1A

TRAVEL FOR COMPANIONS IS APPROVED FOR BOARD AND SENIOR LEADERSHIP OFFICIALS AND IS INCLUDED AS A TAXABLE BENEFIT.

PART I, LINE 4B

DEFERRED COMPENSATION PLAN [SECTION 457(F)] - THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF EXECUTIVE MANAGEMENT. THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS TO THE PLAN DURING CALENDAR 2023. ALAN ALTHOUSE, PRESIDENT & CEO - $167,027 GARY BERNARD, EVP CHIEF OPERATING OFFICER - $108,333 FRED FARBOD, SVP & CHIEF LENDING OFFICER - $105,729 CHRIS KEARNEY, SVP & CHIEF INFORMATION OFFICER - $85,074 MICHAEL WARD, SVP & CHIEF FINANCIAL OFFICER - $86,292 JENNIFER KIMMELL, SVP & CHIEF MARKETING OFFICER - $82,901 ALYSSE MEDINA, SVP & CHIEF LEGAL OFFICER - $79,542 THE FOLLOWING EMPLOYEES HAD A DISTRIBUTION FROM THE 457(F) PLAN DURING 2023: GARY BERNARD - $190,000 FRED FARBOD - $609,000

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1A	THE CREDIT UNION HAS AN EXECUTIVE COMMITTEE THAT HAS BEEN GIVEN AUTHORITY TO MAKE VARIOUS DECISION ON BEHALF OF THE GOVERNING BODY, SUCH AS COMPENSATION AND 457F PLAN CONTRIBUTION AND DISTRIBUTIONS.
FORM 990, PART VI, SECTION A, LINE 6	PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE, ATTEND SCHOOL, OR WORK IN MARICOPA, PINAL, YAVAPAI, AND PIMA COUNTIES IN ARIZONA, THOSE WHO LIVE OR WORK IN TRAVIS AND WILLIAMSON COUNTIES IN TEXAS, AND THOSE WHO ARE MEMBERS OF AN APPROVED COMMON BOND INTEREST GROUP. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERS OF THE CREDIT UNION ELECT THE GOVERNING BODY OF THE INSTITUTION.
FORM 990, PART VI, SECTION A, LINE 7B	CERTAIN DECISIONS SUCH AS MERGERS AND CONVERSIONS TO A DIFFERENT CHARTER TYPE REQUIRE MEMBERSHIP APPROVAL.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. THE BOARD IS THEN GIVEN A COPY OF THE RETURN FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE CREDIT UNION REGULARLY MONITORS AND REVIEWS ACTIVITY OF THE ENTITY FOR POTENTIAL CONFLICTS. FOR EXAMPLE, ALL LOANS TO MEMBERS OF THE BOARD OF DIRECTORS ARE UNDERWRITTEN BY STAFF USING STANDARD UNDERWRITING GUIDELINES FOR ALL MEMBERS, WITH THE SAME RATES AND TERMS AVAILABLE TO ALL MEMBERS, AND THEN REPORTED TO AND RATIFIED BY THE FULL BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED DURING 2023.
FORM 990, PART VI, SECTION B, LINE 15	HRN PERFORMANCE SOLUTIONS IS A THIRD PARTY COMPANY THAT SPECIALIZES IN COMPENSATION. HRN GATHERS DATA FROM 700 CREDIT UNIONS ACROSS THE UNITED STATES AND DEVELOPS THE CREDIT UNIONS SALARY RANGES BASED ON COMPARABLE ASSET SIZE AND GEOGRAPHICAL LOCATION. THE CREDIT UNION ALSO UTILIZES CUES SALARY SURVEY AND CUNA EXECUTIVE COMPENSATION SURVEY TO REVIEW THE CEO'S COMPENSATION. THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. ONCE A DECISION IS MADE, THE CHAIRMAN OF THE BOARD EMAILS THE SENIOR VICE PRESIDENT OF HUMAN RESOURCES WITH THE DECISION. ADDITIONALLY, EVERY JUNE, HRN'S COMPENSATION ANALYSTS REVIEW EACH SENIOR LEADERS JOB DESCRIPTION TO ENSURE THEIR ROLES ARE GRADED PROPERLY COMPARED TO THE MARKET. IF ADDITIONAL INCREASES NEED TO OCCUR, THE CEO MAY BUDGET FOR ADDITIONAL INCREASES. EACH SENIOR LEADER RECEIVES AN ANNUAL MERIT INCREASE BASED ON THE PREVIOUS YEAR-END PERFORMANCE REVIEW. ALL INCREASES ARE ADDED TO THE FINAL BUDGET AND REVIEWED AND APPROVED BY THE BOARD. THESE PROCESSES WERE LAST COMPLETED DURING 2023.
FORM 990, PART VI, SECTION C, LINE 19	THE CREDIT UNION'S MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT ALL THE BRANCH LOCATIONS. THE AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN MEMBERSHIP SHARES 4,165. PROVISION FOR CREDIT LOSSES -7,579,515. CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -5,698,222.