2023-10-18T17:10:16-05:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 860098350 ARIZONA CENTRAL CREDIT UNION ARIZ 6025238130 2020 N CENTRAL AVENUE 450 PHOENIX AZ 85004 GREG HARDEN CEO 6022646421 2023-10-17 1 GREG HARDEN 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREG HARDEN 2020 N CENTRAL AVENUE PHOENIX AZ 85004 40022145 0 2111 X WWW.AZCENTRALCU.ORG X 1939 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY. 7 7 209 10 22821 0 0 0 27615147 29955421 2135179 2605145 5543315 5711346 35293641 38271912 0 0 0 0 14147656 14766017 0 0 0 16106994 17302914 30254650 32068931 5038991 6202981 741586550 755233028 684687423 701518544 56899127 53714484 PROVIDE CHECKING, SAVINGS, AND LOAN SERVICES FOR MEMBERS. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS THAT ARE BOTH PAPER (CHECK) AND ELECTRONICALLY (WEB, MOBILE, CARD SERVICES) BASED. IT ALSO PROVIDES SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS. IN ADDITION, IT PROVIDES CONSUMER LOANS AND BUSINESS LOANS OVER A PORTFOLIO OF PRODUCTS, ALL OF WHICH ARE FOR EXEMPT FUNCTION ACTIVITIES FOR ITS MEMBERS. OUTGOING WIRE SERVICES TRAINING 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 12801 0 1 209 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X MIKE NEILL 6025238130 2020 N CENTRAL AVENUE SUITE 1200 PHOENIX AZ 85004 MARK DENKE CHAIR 20.00 X 13200 0 0 STEPHANIE MCQUILLAN VICE CHAIR 15.00 X 10200 0 0 SANDRA WATTS SECRETARY 15.00 X 10200 0 0 VERONICA PIOTROWSKI TREASURER 15.00 X 10200 0 0 LARRY PFEIFFER CHAIR ELECT 10.00 X 4400 0 0 BRIAN RACZYNSKI BOD MEMBER 10.00 X 8400 0 0 NICOLETTE LEMMON BOD MEMBER 10.00 X 8400 0 0 KYLE HALLSTORM BOD MEMBER 10.00 X 6300 0 0 GREGORY HARDEN CEO 40.00 X 371288 0 34308 MICHAEL NEILL CFO, VP OF FINANCE & ACCOUNTING 40.00 X 157054 0 16157 JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE OFFICER 40.00 X 209630 0 30368 JANET MOODIE SVP COO 40.00 X 218457 0 18393 LISA WILMOT DIR. MORTGAGE OPERATIONS 40.00 X 167391 0 11265 YVETTE CLAY VP CLO 40.00 X 161924 0 20103 ANGELA SMITH VP CHIEF STRATEGIST 40.00 X 142357 0 17990 KATHERIN PLUHOWSKY VP FINANCIAL RESOLUTION 40.00 X 135084 0 17667 PAUL BAUER III DIR. BUSINESS FINANCIAL SERVICES 40.00 X 138996 0 5300 1773481 0 171551 24 0 1 0 2020 CENTRAL SPE LLC C/O SPERRY COMMERCIAL INC PO BOX LOS ANGELES CA 91716 COMMUNICATIONS 1386694 DBSI INCORPORATED 6950 W MORELOS PLACE CHANDLER AZ 85226 CONSTRUCTION 1011012 FISERV INC PO BOX 208457 DALLAS TX 75320 SYSTEM SUPPORT 554217 NCR CORPORATION 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE 539464 CENTURYLINK PO BOX 52187 PHOENIX AZ 85072 INTERNET SERVICES 298654 20 INTEREST ON LOANS 522100 26040505 26040505 FEES & SERVICE CHARGES 522100 3892095 3892095 FINANCE & INSURANCE 520000 22821 22821 29955421 2363900 2363900 1991478 1750233 241245 241245 241245 OTHER OPERATING INCOME 522100 5711346 5711346 5711346 38271912 38249091 22821 0 X 1126955 10984586 488360 1280409 885707 64865 68397 641260 1064185 2439854 4841676 1688756 73719 32973 1668245 1119625 144122 LOAN SERVICING 2099184 PROVISION FOR LOAN LOSS 481626 MISCELLANEOUS 441146 MAINTENANCE AND REPAIRS 204046 229235 32068931 5700721 5626931 89140644 5260739 284440 376621 2957500 3758750 523521707 649802535 655448 818369 32115779 17478417 14580290 14637362 87393566 59862330 2128577 2089532 15223657 12999859 741586550 755233028 10800958 12311684 15000000 15000000 658886465 674206860 684687423 701518544 X 0 0 0 0 56899127 53714484 56899127 53714484 741586550 755233028 6202981 -9387624 0 X X 0 1 X 1 0 4954022 4954022 12782594 5120424 7662170 145673 145670 3 13997849 12030593 1967256 235641 181730 53911 14637362 SHARE DRAFTS 142765231 SHARES 230639168 MONEY MARKET 178010562 IRA SHARES 17310839 BUSINESS 41573066 SHARE AND IRA CERTIFICATES 63907994 674206860 X 36730030 -1541882 -1541882 38271912 0 38271912 32068931 0 32068931 0 32068931 PART X, LINE 2: INCOME TAXES 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. X 1 1 X X 0 1 0 GREGORY HARDEN CEO 361188 0 1100 0 9000 0 22116 0 12192 0 405596 0 0 0 JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE OFFICER 201330 0 1100 0 7200 0 12477 0 17891 0 239998 0 0 0 JANET MOODIE SVP COO 210157 0 1100 0 7200 0 12681 0 5712 0 236850 0 0 0 YVETTE CLAY VP CLO 160774 0 1150 0 0 0 9857 0 10246 0 182027 0 0 0 LISA WILMOT DIR. MORTGAGE OPERATIONS 114608 0 52783 0 0 0 10200 0 1065 0 178656 0 0 0 MICHAEL NEILL CFO, VP OF FINANCE & ACCOUNTING 155954 0 1100 0 0 0 9841 0 6316 0 173211 0 0 0 ANGELA SMITH VP CHIEF STRATEGIST 141257 0 1100 0 0 0 6584 0 11406 0 160347 0 0 0 KATHERIN PLUHOWSKY VP FINANCIAL RESOLUTION 133984 0 1100 0 0 0 6484 0 11183 0 152751 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, YVETTE CLAY, AND MICHAEL NEILL THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR". UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH, THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. GREGORY HOODIE CEO CASD X 1350000 1350000 0 1 1 JANET MOODIE COO CASD X 1070000 1070000 0 1 1 YVETTE CLAY CLO CASD X 537500 537500 0 1 1 MICHAEL NEILL VP/CFO CASD X 801250 801250 0 1 1 3758750 FORM 990, SCHEDULE L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, YVETTE CLAY, AND MICHAEL NEILL THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR". UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH, THE CREDIT UNION RECOVERS ITS PREMIUMS 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 ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EVERY TWO YEARS, THE CREDIT UNION'S FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B EVERY TWO YEARS, THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ASSOCIATION DUES 175,163. TRAINING 54,072. 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.