2023-05-11T12:35:26-05:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 866050693 COPPER STATE CREDIT UNION COPP 6235803000 15458 N 28TH AVENUE PHOENIX AZ 85027 DAVID SKILTON CFO 6235806000 2023-05-05 1 DAVID SKILTON 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT SCOTT 15458 N 28TH AV PHOENIX AZ 85027 30104573 0 X WWW.COPPERSTATECU.ORG X 1951 AZ OUR MISSION IS TO ENABLE OUR MEMBERFAMILIES TO ACHIEVE FINANCIAL PROSPERITY. 11 11 188 18 158322 0 0 0 22719656 25589159 1428295 3002537 0 0 24147951 28591696 0 0 0 0 11388862 10832263 0 0 0 11860732 13995257 23249594 24827520 898357 3764176 599418560 609482997 555944905 576484048 43473655 32998949 OUR MISSION IS TO ENABLE OUR MEMBERFAMILIES TO ACHIEVE FINANCIAL PROSPERITY. 0 0 PROVIDED CREDIT IN 2022 TO 6,594 MEMBERS FOR $187,995,646. AS OF DECEMBER 31, 2022, 20,101 MEMBERS HAD $446,558,209 IN OUTSTANDING LOANS. PROMOTE THRIFT TO 44,484 MEMBERS WITH TOTAL DEPOSITS OF $541,974,644 AS OF DECEMBER 31, 2022. PROVIDE FINANCIAL SERVICES, INCLUDING CHECKING ACCOUNTS, ATM/DEBIT CARDS, CREDIT CARDS, SAVINGS ACCOUNTS, CERTIFICATES OF DEPOSIT AND MONEY MARKET ACCOUNTS. 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 6317 0 1 188 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID SKILTON 6235806000 15458 N 28TH AVE PHOENIX AZ 85027 JERRY HARTRIM DIRECTOR 1.00 X 3600 0 0 PAUL WATERMAN TREASURER 1.00 X 3900 0 0 ANDREW ROBERTS CHAIRPERSON 1.00 X 5350 0 0 ERICA GIBBONS DIRECTOR 1.00 X 4100 0 0 ROGER ZOLLINGER DIRECTOR 1.00 X 3400 0 0 CHRIS URNESS DIRECTOR 1.00 X 1400 0 0 MELANIE MERRILL SECRETARY 1.00 X 4100 0 0 DENNIS MCDONALD VICE CHAIRPERSON 1.00 X 3900 0 0 TILLIE JONES DIRECTOR 1.00 X 3500 0 0 STEVE WOLFE DIRECTOR 1.00 X 4100 0 0 JANET BURGETT MARTIN DIRECTOR 1.00 X 5250 0 0 ALBERT DUBOWA COMMITTEE MEMBER 1.00 X 2200 0 0 DAVID MATSON COMMITTEE CHAIRPERSON 1.00 X 2250 0 0 HARSHAD DESAI COMMITTEE MEMBER 1.00 X 2100 0 0 LUPE HARRIGER COMMITTEE MEMBER 1.00 X 2000 0 0 FRANK MARTINSON COMMITTEE MEMBER 1.00 X 1850 0 0 WING-HO CHOI ASSOCIATE BOARD MEMBER 1.00 X 900 0 0 MICHAEL JOSEPH ASSOCIATE BOARD MEMBER 1.00 X 600 0 0 ROBERT SCOTT PRESIDENT/CEO 50.00 X 411163 0 63603 DAVID SKILTON CHIEF FINANCIAL OFFICER 50.00 X 168099 0 22955 ANTHONY ROCHA FINANCIAL ADVISOR 50.00 X 181447 0 24366 JUSTIN WOLFE CHIEF RETAIL OPERATIONS OFFICER 50.00 X 140425 0 33839 GREGORY ALBANO SENIOR VP/ CIO 50.00 X 166999 0 504010 RICHARD REILEY CHIEF LENDING OFFICER 50.00 X 166822 0 30291 JENNIFER WADE CHIEF MARKETING OFFICER 50.00 X 139415 0 14030 1428870 0 693094 13 0 1 0 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 753212223 ONLINE/MOBILE BANKING PROVIDER 1105822 FISERV PO BOX 208457 DALLAS TX 753208457 CORE DATA SYSTEM SERVICES 1065439 FIS- FIDELITY INFO SERVICES PO BOX 4535 CAROL STREAM IL 601974535 DEBIT CARD PROCESSING SERVICER 677036 MERIDIAN LINK PO BOX 846822 LOS ANGELES CA 900846822 LOAN APPLICATION SERVER 362614 COLLEY CONSTRUCTION 4960 S GILBERT ROAD STE 140 CHANDLER AZ 85249 CONSTRUCTION 305674 16 INCOME ON LOANS 522100 18320324 18320324 FEES, CHARGES, & OTHER 522100 7110513 7110513 FINANCE & INSURANCE 520000 158322 158322 25589159 2215414 2215414 2300000 1512877 787123 787123 787123 28591696 26217960 158322 2215414 X 720320 8298629 370482 782223 660609 800 141375 1005572 3118989 1128257 903130 19193 145090 997644 138241 997762 168813 DEBIT/CREDIT CARD EXPEN 1733330 PLL 1605346 LOAN SERVICING 579073 COLLECTIONS 458429 854213 24827520 2924886 3020740 38689420 12042730 764753 400868 7638000 7638000 389218477 444402470 805298 682940 25547080 4282803 21496427 21264277 120435730 103221265 2940693 3172893 1742537 1379291 12762339 12257523 599418560 609482997 16188638 9509404 10000000 25000000 529756267 541974644 555944905 576484048 X 0 0 0 0 43473655 32998949 43473655 32998949 599418560 609482997 3764176 -14238882 0 X X 0 1 X 1 0 0 7137173 7137173 12745507 1208798 11536709 403289 275956 127333 5261111 2798049 2463062 21264277 MEMBER DEPOSITS 541974644 541974644 X 28591696 0 28591696 0 28591696 24827520 0 24827520 0 24827520 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X 0 1 0 GREGORY ALBANO SENIOR VP/ CIO 157799 0 6191 0 3009 0 473963 0 30047 0 671009 0 0 0 ROBERT SCOTT PRESIDENT/CEO 362735 0 48428 0 0 0 18994 0 44609 0 474766 0 0 0 ANTHONY ROCHA FINANCIAL ADVISOR 31845 0 1191 0 148411 0 6966 0 17400 0 205813 0 0 0 RICHARD REILEY CHIEF LENDING OFFICER 160381 0 6441 0 0 0 8381 0 21910 0 197113 0 0 0 DAVID SKILTON CHIEF FINANCIAL OFFICER 161908 0 6191 0 0 0 8084 0 14871 0 191054 0 0 0 JUSTIN WOLFE CHIEF RETAIL OPERATIONS OFFICER 127826 0 6191 0 6408 0 7272 0 26567 0 174264 0 0 0 JENNIFER WADE CHIEF MARKETING OFFICER 133224 0 6191 0 0 0 6750 0 7280 0 153445 0 0 0 PART I, LINE 4B THE CEO, ROBERT SCOTT, PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE CREDIT UNION ISSUED A LOAN TO ROBERT SCOTT FOR THE PURPOSE OF PURCHASING AN INSURANCE POLICY THAT WILL BE USED TO FUND HIS DEFERRED COMPENSATION PLAN. THE LOANS RELATED TO THIS ARRANGEMENT ARE REPORTED ON SCHEDULE L. GREGORY ALBANO PARTICIPATES IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DURING 2022, THE CREDIT UNION ACCRUED $465,354 TOWARD THE FUTURE BENEFIT OBLIGATION. JANE DOBBS FORMER CEO/PRESIDENT FUNDING OF 457 (F) X 2700000 2700000 0 1 1 ROBERT SCOTT CEO/PRESIDENT FUNDING OF 457 (F) X 4938000 4938000 0 1 1 7638000 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS INCLUDE PEOPLE THAT LIVE, WORK OR WORSHIP IN ANY OF THE FOLLOWING COUNTIES: MARICOPA, GILA, NAVAJO, PIMA, PINAL AND YAVAPAI. OUR SELECT EMPLOYEE GROUPS ALSO INCLUDE MEMBERS THAT ARE GRAND CANYON UNIVERSITY FACULTY, STAFF & STUDENTS, ACTIVE, RETIRED OR CONTRACT EMPLOYEES OF THE STATE OF ARIZONA AND SAFEWAY STORES, INC. (ALBERTSON'S) EMPLOYEES & FAMILIES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT A BOARD OF DIRECTORS TO GOVERN THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES MUST BE APPROVED AT A MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE POSTED ELECTRONICALLY ON THE BOARD'S PORTAL FOR THEM TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE MUST DISCLOSE ANY RELATIONSHIP OR ASSOCIATION THAT COULD BE A CONFLICT OF INTEREST. WE REQUIRE THIS BE DISCLOSED IN AN ANNUAL QUESTIONNAIRE THAT IS SUBMITTED TO AND SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE GIVEN AN ANNUAL REVIEW AND THEIR COMPENSATION IS MEASURED AGAINST TRADE ORGANIZATIONS THAT GATHER AND COMPILE SUCH DATA. FORM 990, PART VI, SECTION C, LINE 19 MONTH END FINANCIAL STATEMENTS ARE POSTED IN OUR LOBBIES AND QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE ON THE NCUA WEBSITE, OTHER DOCUMENTS WOULD BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 24E MAINTENANCE AND REPAIRS 421,230. OTHER LOSSES/FRAUD 211,823. MISCELLANEOUS 157,228. EDUCATION AND PROMOTION 63,882. UBIT EXPENSE 50. 990, PART XII, LINE 2C THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE CREDIT UNION'S OVERSIGHT AND SELECTION PROCESS DID NOT CHANGE DURING THE YEAR.