2024-10-21T12:21:53-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2023-01-01 860098341 TUCSON OLD PUEBLO CREDIT UNION TUCS 5208816262 2500 E 22ND STREET TUCSON AZ 85713 G VERNON BABILON CEO 5208816262 2024-10-16 1 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-10-16 2023 2024-10-15 13:58:12Z G VERNON BABILON 2500 E 22ND STREET TUCSON AZ 85713 14687274 0 X WWW.TOPCU.ORG X 1935 AZ PROVIDING LOANS AND SERVICES TO MEMBERS OF TUCSON OLD PUEBLO CREDIT UNION. 7 7 67 10 40696 0 0 0 9274626 10904470 732577 903464 348537 0 10355740 11807934 0 0 170903 1371918 4103462 4428404 0 0 0 5575067 6896154 9849432 12696476 506308 -888542 222912928 210129269 215395435 203163932 7517493 6965337 TO CULTIVATE A RESILIENT AND SUSTAINABLE COMMUNITY BY PROVIDING AFFORDABLE LOANS AND FINANCIAL GUIDANCE FOR ALL INCOME LEVELS. 0 0 PROVIDING LOANS AND SERVICES TO MEMBERS OF TUCSON OLD PUEBLO CREDIT UNION. AT THE END OF 2023, THERE WERE 17,516 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2110 0 1 67 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 X LESLIE FREED 5208816262 2500 E 22ND STREET TUCSON AZ 85713 RICHARD PRATER CHAIR 2.00 X X 0 0 0 MIKE MCKENDRICK VICE CHAIR 2.00 X X 0 0 0 ROSS UNDERWOOD TREASURER 2.00 X X 0 0 0 WILLIAM RICHARDS SECRETARY 2.00 X X 0 0 0 DAVID FREGONESE DIRECTOR 2.00 X 0 0 0 BRITTON SIMMONS DIRECTOR 2.00 X 0 0 0 FRED CUSHMAN DIRECTOR 2.00 X 1000 0 0 G VERNON BABILON PRESIDENT/CEO 40.00 X 205087 0 17477 KENT HALL CHIEF FINANCIAL OFFICER 40.00 X 159967 0 10873 SCOTT BELL CHIEF OPERATING OFFICER 40.00 X 137907 0 12021 KENNETH KRAPF COMMERCIAL LENDING MANAGER 40.00 X 137066 0 16493 641027 0 56864 4 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT AND CREDIT CARD SERVICES 715118 ALKAMI 5601 GRANITE PARKWAY STE 120 PLANO TX 75024 DIGITAL BANKING PLATFORM 329469 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 IT SERVICES 246544 VISA USA 900 METRO CENTER BLVD FOSTER CITY CA 94404 CREDIT CARD SERVICES 196406 CLIFTONLARSONALLEN LLP PO BOX 679342 DALLAS TX 75267 ACCOUNTING SERVICES 109152 5 INTEREST ON LOANS 522100 8903763 8903763 FEES & CHARGES 522100 2000707 1960011 40696 10904470 841919 841919 2940885 2879340 61545 61545 61545 11807934 10863774 40696 903464 X 1371918 543332 3218612 89427 303158 273875 30481 148977 8479 1811269 114368 400509 404408 163237 12041 39275 922733 283035 63378 ALLOWANCE FOR LOAN LOSS 1560722 MISCELLANEOUS 521488 LOAN SERVICING EXPENSE 411754 12696476 284896 41506 528011 164440585 157831895 573390 329919 8530421 4963778 3768912 3566643 45899164 39265389 1495313 1246313 6694058 7076203 222912928 210129269 735340 1807147 17900000 3675000 196760095 197681785 215395435 203163932 X 0 0 0 0 7517493 6965337 7517493 6965337 222912928 210129269 X -888542 907742 -571356 X 0 0 0 1224779 1224779 5234649 3321640 1913009 2070993 1642138 428855 3566643 MEMBER SHARE AND SAVINGS ACCOUNTS 196757533 DEFERRED COMP INVESTMENT LIABILITY 457(B) AND 457(F) 924252 197681785 X X 0 1 0 G VERNON BABILON PRESIDENT/CEO 204187 0 900 0 0 0 8320 0 9157 0 222564 0 0 0 KENT HALL CHIEF FINANCIAL OFFICER 159567 0 400 0 0 0 5989 0 4884 0 170840 0 0 0 KENNETH KRAPF COMMERCIAL LENDING MANAGER 103320 0 33746 0 0 0 5693 0 10800 0 153559 0 0 0 PART I, LINE 4B: THE CREDIT UNION HAS A 457F DEFERRED COMPENSATION PLAN FOR CERTAIN LEVELS OF MANAGEMENT. THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS MADE DURING CALANDAR 2023 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, WORK, WORSHIP, OR GO TO SCHOOL IN TUCSON, ARIZONA, AND OTHER SELECT EMPLOYEE GROUPS WHO HAVE PETITIONED FOR MEMBERSHIP. 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 ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MUST BE APPROVED BY THE MEMBERSHIP. BYLAW CHANGES ENACTED BY THE BOARD AND APPROVED BY THE STATE MUST BE RATIFIED BY THE MEMBERS AT THE SUBSEQUENT ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. 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 FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF CONDUCT FOR EMPLOYEES AND VOLUNTEERS IS REVIEWED ANNUALLY BY THE BOARD AS IS ON THE COMPLIANCE COMMITTEE AND BOARD RECURRING CALENDARS. VOLUNTEERS INDIVIDUALLY REVIEW AND SIGN DECLARATION OF ETHICAL CONDUCT ANNUALLY AND THEY ARE KEPT IN THE EXECUTIVE ASSISTANT'S CARE. EMPLOYEES INDIVIDUALLY REVIEW AND SIGN DECLARATION OF ETHICAL CONDUCT ANNUALLY AND THIS IS KEPT IN THE HR DEPARTMENT. THIS POLICY COVERS ALL CREDIT UNION EMPLOYEES AND VOLUNTEERS. GIFTS OF $100 OR MORE ARE CONSIDERED CONFLICTS OF INTEREST. VIOLATIONS OF THIS POLICY MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OF SERVICE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS HIRED BY THE BOARD WHO DETERMINES THE CEO'S COMPENSATION. THE HR DEPARTMENT USES COMPENSATION DATA FROM OUR PROFESSIONAL EMPLOYER ORGANIZATION, PAYLOCITY. THE COMPENSATION DATA ENABLES THE CREDIT UNION TO EVALUATE, TRACK, AND MODIFY COMPENSATION BASED ON MARKET DATA, INTERNAL COMPARABLES AND JOB FAMILIES TO ENSURE THAT WE ARE COMPETITIVE, FOLLOWING ALL LEGAL GUIDELINES AND APPLYING THE PRINCIPLE OF FAIRNESS TO OUR COMPENSATION REVIEW PROCESS AND PRACTICES. THE FINAL DECISION FOR THE CEO'S COMPENSATION IS DOCUMENTED IN HR PERSONNEL RECORDS. OTHER OFFICERS AND EMPLOYEES ALSO HAVE THEIR JOB CLASSIFICATION RATED ANNUALLY BY COMPENSATION DATA FROM PAYLOCITY. THE DATA HELPS TO DETERMINE THE APPROPRIATE PLACING WITHIN THE EMPLOYMENT FRAMEWORK AND CLASSIFICATION OF SALARY. THE CEO REVIEWS AND APPROVES COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES AND THE DECISION IS DOCUMENTED BY HR. THESE PROCESSES WERE LAST PERFORMED DURING CALENDAR 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE. THE FINANCIAL STATEMENTS ARE ALSO POSTED IN THE LOBBY OF THE MAIN BRANCH. ALL OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G ACHA FEES 4,659. ATM/VISA DR CARD SUPPORT 875,205. BILL PAYER EXPENSE 37,216. DATA PROCESSING SERVICE 485,311. HR SERVICING 48,626. COIN/CURRENCY COSTS 18,713. SHARED BRANCHING NETWORK 51,033. IRA CUNA FEES 6,246. OTHER PROF & OUTSIDE 279,850. BUSINESS CONTINUITY EXPENSE 4,410. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -571,356.