AMERICAN SOUTHWEST CREDIT: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN SOUTHWEST CREDIT (EIN 86-0148533)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-09-22
- IRS object ID
- 202322659349300627
- Schema version
- 2022v5.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-22T21:54:12-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21700 OXNARD ST STE 300 | AddressLine1Txt |
| City | WOODLAND HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91367 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860148533 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN SOUTHWEST CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AMER | BusinessNameControlTxt |
| Phone | 5204591860 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 370 | AddressLine1Txt |
| City | SIERRA VISTA | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85636 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAY WILLIAMSON | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 5204591860 | PhoneNum |
| Signature | 2023-09-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JAY | PersonFirstNm |
| Person Last | WILLIAMSON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAUREN A HAVERLOCK | PreparerPersonNm |
| PTIN | P00545829 | PTIN |
| Phone | 8185771900 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Principal Officer | JAY WILLIAMSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 370 | AddressLine1Txt |
| City | SIERRA VISTA | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85636 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,172,119 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ASCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO CREDIT UNION MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 85 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $163,029 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $76,469 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,453,437 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,489,336 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,211,580 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,982,172 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $11,665,017 | PYTotalRevenueAmt |
| CY Total Revenue | $13,471,508 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $20,250 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $19,801 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,891,293 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,180,766 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,070,422 | PYOtherExpensesAmt |
| CY Other Expenses | $5,460,478 | CYOtherExpensesAmt |
| PY Total Expenses | $8,981,965 | PYTotalExpensesAmt |
| CY Total Expenses | $9,661,045 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,683,052 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,810,463 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $342,017,397 | TotalAssetsBOYAmt |
| Total Assets EOY | $363,412,479 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $313,952,436 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $331,537,055 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $28,064,961 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $31,875,424 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE QUALITY FINANCIAL PRODUCTS AND SERVICES TO CREDIT UNION MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ASCU SERVES NEARLY 30,450 MEMBER-OWNERS IN A RURAL SETTING THAT IS SPREAD OUT OVER FIVE SOUTHERN ARIZONA COUNTIES. THE SERVICE AREA IS MOSTLY LOW INCOME DESIGNATED AND FINANCIALLY UNDERSERVED. ASCU HAS SEVERAL LOCATIONS AND ENDEAVORS TO EXTEND FULL SERVICES IN THESE HIGHLY RURAL, BORDER COMMUNITIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ASCU HAS SUCCESSFULLY BEEN IN THE INDIRECT AUTO LENDING BUSINESS FOR 16 YEARS. HOWEVER, DUE TO ENCROACHING OUT-OF-STATE COMPETITION IN THE AREAS THAT THE CU SERVES, ASCU HAS TURNED ITS FOCUS TO A CENTRALIZED LENDING MODEL BY CONCENTRATING ON ITS EXISTING MEMBERSHIP. CU SALES SPECIALISTS NOW SELL ALL FACETS OF A LOAN, INCLUDING THE REFINANCING OF LOANS THAT ITS CURRENT MEMBERSHIP MAY HOLD AT OTHER FINANCIAL INSTITUTIONS. AS A RESULT, DIRECT LENDING HAS NOW OVERTAKEN INDIRECT LENDING VOLUME AS A MAJOR PORTION OF THE CU'S BALANCE SHEET. THE VOLUME OF VEHICLE LOANS (BOTH DIRECT AND INDIRECT) REPRESENTS HALF OF THE ENTIRE LOAN PORTFOLIO. THE GREATEST SUCCESS OF THE PROGRAM RESTS NOT ONLY IN THE DEEP AVAILABILITY TO OUR MEMBER-OWNERS, BUT ALSO IN THE FACT THAT DELINQUENCIES HAVE BEEN RELATIVELY LOW AND MANAGEABLE. THESE PROGRAMS ALSO BENEFIT THE CONSUMER BY PROVIDING AN ALTERNATE LENDING SOURCE TO DEALER AND BANK FINANCING. THESE CONSUMERS QUICKLY FIND THEMSELVES CREDIT UNION MEMBERS WHO NOW HAVE COMPETITIVE RATES OF INTEREST. IMPEDING COMPETITION, BOTH LOCALLY AND FROM NEARBY LARGER MUNICIPALITIES, HAS CAUSED THE CREDIT UNION TO FOCUS ON DIRECT, CENTRALIZED LENDING WITHIN ITS EXISTING AND POTENTIAL MEMBERSHIP BASE. WHILE INDIRECT AUTO LENDING REMAINS A VALUABLE SERVICE TO ALL MEMBERS, ASCU IS NOW CONCENTRATING ON MAKING DIRECT LOANS THROUGH REFERRALS, WALK-IN'S, AND DIRECT MAILINGS TO TARGETED SEGMENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ASCU PRIDES ITSELF IN PROMOTING THRIFT TO THE COMMUNITY AS WELL AS ITS MEMBER-OWNERS. CONSISTENT MARKET LEVEL DEPOSIT RATES ARE AVAILABLE TO ALL DEPOSITORS LARGE AND SMALL. MEMBER-OWNERS HAVE A VARIETY OF AVENUES TO MOVE THEIR MONEY AROUND, INCLUDING DIRECT DEPOSIT, PAYROLL DEDUCTION, ACH ORIGINATION, WIRE TRANSFERS, MOBILE BANKING AND OF COURSE, HOME BANKING SERVICES AND CONVENIENT LOCATIONS FOR WALK-IN TRANSACTIONS. THE MORE SERIOUS INVESTORS CAN TAKE ADVANTAGE OF CERTIFICATES OF DEPOSIT, MONEY MARKET ACCOUNT PROGRAMS, AND IRAS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER BUSINESS (COMMERCIAL) LENDING IS NOW A LARGE REPRESENTATION OF THE CREDIT UNION'S BALANCE SHEET. REPUTABLE LOCAL BUSINESSES AND CONTRACTORS NOW HAVE A LENDING AVENUE THAT OFFERS COMPETITIVE RATES AND TERMS. BUSINESSES ENJOY HAVING A LOCAL FINANCIAL INSTITUTION WHERE THE DECISIONS ARE MADE HERE AND NOT LEFT UP TO A BIG-BANK CORPORATION. SINCE THE PROGRAM'S INCEPTION IN 2014, THE CREDIT UNION HAS EXPERIENCED VERY LITTLE REPORTABLE DELINQUENCY AND ONLY TWO LOW-DOLLAR CHARGE-OFF'S IN ITS MEMBER BUSINESS LENDING PORTFOLIO. ASCU WAS ALSO FORTUNATE TO BE ABLE TO PROVIDE PPP (PAYMENT PROTECTION PROGRAM) LOANS TO ITS BUSINESS MEMBERS. MORTGAGE LENDING ALSO REPRESENTS A SIZABLE PORTION OF THE CU'S BALANCE SHEET. ASCU'S MEMBERS BENEFIT FROM COMPETITIVE RATES AND THE ASSURANCE KNOWING THAT THEIR LOAN IS HELD LOCALLY AND NOT SOLD TO A LARGE BANK WHERE QUALITY SERVICE MAY NOT BE THE FOCUS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | 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 | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | 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 | 3649 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 85 | 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 |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| 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 | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | 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 | 0 | LocalChaptersInd |
| 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 | LAUREN PADGETT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5204523024 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 370 | AddressLine1Txt |
| City | SIERRA VISTA | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85636 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MARY HYDER | ||||||||
| BOARD CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PATRICK LEDGER | ||||||||
| BOARD VICE CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LES ORCHEKOWSKY | ||||||||
| BOARD SECRETARY | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CURTISS PETERSON | ||||||||
| BOARD TREASURER | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ENNIS DANIEL | ||||||||
| BOARD DIRECTOR (FROM 10/3/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSE BARRERAS | ||||||||
| BOARD DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SANDRA ADAMS | ||||||||
| BOARD DIRECTOR (FROM 10/3/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| T BLAKE BURGESS | ||||||||
| BOARD DIRECTOR (THRU 9/1/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MIGNONNE HOLLIS | ||||||||
| BOARD DIRECTOR (THRU 9/15/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JAY WILLIAMSON | ||||||||
| PRESIDENT/CEO | 40.00 | 0.00 | Yes (X) | $236,723 | $0 | $12,081 | ||
| LAUREN PADGETT | ||||||||
| EXECUTIVE VICE PRESIDENT/CFO | 40.00 | 0.00 | Yes (X) | $135,869 | $0 | $5,707 | ||
| RONALD CURTIS | ||||||||
| EXECUTIVE VICE PRESIDENT/MBL | 40.00 | 0.00 | Yes (X) | $96,762 | $0 | $6,303 | ||
| BRAD RICHARDSON | ||||||||
| VICE PRESIDENT IT | 40.00 | 0.00 | $112,197 | $0 | $7,191 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $581,551 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $31,282 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | 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 |
|---|---|---|---|---|---|
| PSCU | |||||
| 560 CARILLON PARKWAY | ST PETERSBURG | FL | 33716 | VISA DEBIT/CREDIT PROCESSOR | $602,220 |
| JACK HENRY AND ASSOCIATES | |||||
| 663 W HIGHWAY 60 | MONETT | MO | 65708 | CORE PROCESSOR/DATA SERVICES | $278,968 |
| VISA USA | |||||
| PO BOX 194607 | SAN FRANCISCO | CA | 94119 | VISA DEBIT/CREDIT SERVICES | $260,518 |
| LUMIN DIGITAL | |||||
| 3001 BISHOP DR 110 | SAN RAMON | CA | 94583 | DIGITAL BANKING PROVIDER | $237,816 |
| INNOVATIVE COMPUTING | |||||
| 26722 HARTFORD GROVE LANE | KATY | TX | 77494 | IT CONSULTANTS | $228,929 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 525990 | $8,085,577 | $8,085,577 | |
| OTHER OPERATING INCOME | 525990 | $2,443,633 | $2,280,604 | $163,029 |
| FEES AND CHARGES | 525990 | $745,421 | $745,421 | |
| INSURANCE COMMISSIONS | 525990 | $214,705 | $214,705 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,489,336 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,200,595 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,200,595 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,482,188 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,700,611 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$218,423 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$218,423 | TotalRevenueColumnAmt |
| Exclusion | -$218,423 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,471,508 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,526,902 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $163,029 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$218,423 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,801 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $493,445 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,918,621 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,079 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $402,266 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,355 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,635 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,895 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,000 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,518 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,644 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,751 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,692 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $323,829 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,336 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,816 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $739,340 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,911 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $435,019 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,357 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| OPERATING EXPENSES | $1,377,075 |
| PROVISION FOR LOAN LOSS | $659,853 |
| MECHANICAL REPAIR CVG P | $90,365 |
| FED/STATE UBI TAX EXP | $21,967 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $343,475 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,661,045 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,158,638 | BOYAmt |
| EOY | $2,167,093 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,017,084 | BOYAmt |
| EOY | $26,094,646 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$188,439 | BOYAmt |
| EOY | -$245,339 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,657,179 | BOYAmt |
| EOY | $2,718,345 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,711,958 | BOYAmt |
| EOY | $190,181,660 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,769 | BOYAmt |
| EOY | $313,766 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,818,783 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,026,380 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,859,047 | BOYAmt |
| EOY | $7,792,403 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,233,600 | BOYAmt |
| EOY | $125,384,101 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,349,561 | BOYAmt |
| EOY | $9,005,804 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,017,397 | BOYAmt |
| EOY | $363,412,479 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $439,069 | BOYAmt |
| EOY | $287,081 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $313,513,367 | BOYAmt |
| EOY | $331,249,974 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $313,952,436 | BOYAmt |
| EOY | $331,537,055 | 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 | $28,064,961 | BOYAmt |
| EOY | $31,875,424 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,064,961 | BOYAmt |
| EOY | $31,875,424 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,017,397 | BOYAmt |
| EOY | $363,412,479 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,810,463 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $978,833 | OtherCostOrOtherBasisAmt |
| Book Value | $978,833 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,720,766 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,806,206 | DepreciationAmt |
| Book Value | $5,914,560 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $141,002 | OtherCostOrOtherBasisAmt |
| Depreciation | $140,991 | DepreciationAmt |
| Book Value | $11 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,737,543 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,161,335 | DepreciationAmt |
| Book Value | $576,208 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,240,639 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,917,848 | DepreciationAmt |
| Book Value | $322,791 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,792,403 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| AVAILABLE-FOR-SALE SECURITIES | $47,393,070 | C |
| HELD-TO-MATURITY SECURITIES | $77,991,031 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $125,384,101 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| STATUTORY RESERVES | $329,477,531 |
| OTHER LIABILITIES | $1,772,443 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $331,249,974 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COCHISE COUNTY SHERIFF'S ASSIST TEAM | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 994 | AddressLine1Txt |
| City | HEREFORD | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85615 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 542121190 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $10,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | ANNUAL COCHISE COUNTY SHERIFF'S CHARITY RIDE. | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL REQUESTS ARE FUNNELED THROUGH THE PRESIDENT/CEO FOR APPROVAL. ANY REQUESTS EXCEEDING $5,000 ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE ACCOUNTING DEPT. LOGS ANY REQUESTS ON AN EXPENSE SHEET. AFTER THE FUNDS ARE DISBURSED, CHECK RECEIPTS AND ANY DOCUMENTATION IS ATTACHED TO THE REQUEST AND FILED. ALL DISBURSEMENTS ARE SECURELY KEPT FOR 7 YEARS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAY WILLIAMSON | PersonNm |
| Title | PRESIDENT/CEO | TitleTxt |
| Base Compensation Filing Org | $236,723 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $11,577 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $504 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $248,804 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN J BARKDULL | PersonNm |
| Relationship With Org | FORMER PRESIDENT/CEO | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT-DOLLAR PLAN | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $2,414,560 | OriginalPrincipalAmt |
| Balance Due | $2,718,345 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,718,345 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II SUPPLEMENTAL INFORMATION: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "COLLATERAL ASSIGNMENT SPLIT-DOLLAR" ("CASD"). ALTHOUGH THE IRS REQUIRES REPORTING IN THE LOAN SECTION OF SCHEDULE L, CASD IS NOT AN ACTUAL LOAN, AS NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS, THE ORGANIZATION RECOVERS ALL OF ITS OUTLAYS PLUS INTEREST, ACCRUED AT 1.86%, UPON THE EXECUTIVE'S DEATH.UPON THE EXECUTIVE'S DEATH, THE POLICY'S DEATH PROCEEDS ARE FIRST USED TO REPAY THE AMOUNT DUE TO THE ORGANIZATION (INCLUDING ACCRUED INTEREST). THE EXECUTIVE'S BENEFICIARY THEN RECEIVES ANY UNREALIZED RETIREMENT BENEFITS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EACH OF THE AMERICAN SOUTHWEST CU'S 30,450 MEMBERS HAS A VOTING RIGHT WHEN THEY OBTAIN A SHARE IN THE CU WITH THEIR MEMBERSHIP. EACH HAS THE RIGHT TO APPOINT MEMBERS TO THE CU'S BOARD OF DIRECTORS WHEN POSITIONS BECOME AVAILABLE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH OF THE AMERICAN SOUTHWEST CU'S 30,450 MEMBERS HAVE A VOTING RIGHT WHEN THEY OBTAIN A SHARE IN THE CU WITH THEIR MEMBERSHIP. EACH HAS THE RIGHT TO APPOINT MEMBERS TO THE CU'S BOARD OF DIRECTORS WHEN POSITIONS BECOME AVAILABLE. MEMBERS ALSO HAVE THE AUTHORITY TO VOTE ON MEASURES SUCH AS THE SCOPE OF MEMBERSHIP, SERVICE AREAS, AND MERGERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ASCU COMPARES THE DOCUMENTATION PROVIDED TO THE TAX FILING SERVICE WITH THE INFORMATION CONTAINED IN THE FORM 990 PRIOR TO ITS FILING. THE CEO AND EXECUTIVE VICE PRESIDENT REVIEW THE DOCUMENTATION FOR ACCURACY PRIOR TO ITS FILING. THE DOCUMENTS ARE ALSO REVIEWED BY THE CREDIT UNION'S BOARD OF DIRECTORS AFTER PRESENTATION AND EXPLANATION BY EXECUTIVE STAFF PRIOR TO THEIR FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE SUPERVISORY COMMITTEE IS TASKED WITH THE RESPONSIBILITY OF REGULARLY MONITORING FOR COMPLIANCE AND THE REPORT TO THE BOARD OF DIRECTORS, NCUA, OR STATE OF ARIZONA, IF APPLICABLE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS MEETS ANNUALLY TO EVALUATE THE CEO AND USES INDUSTRY COMPENSATION AND BENEFIT SURVEYS TO ASSIST THEM IN ARRIVING AT A FAIR COMPENSATION LEVEL. THIS IS DONE IN A CLOSED SESSION WITHOUT THE CEO PRESENT. THE EVALUATION PROCESS IS TIED TO THE CU'S 3-YR STRATEGIC PLAN. THE CEO USES TWO NATIONAL COMPENSATION AND BENEFIT SOURCES WHEN DETERMINING THE PAY FOR ALL STAFF. THIS IS ALSO TIED TO SEMI-ANNUAL EVALUATIONS OF EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THERE IS NO POLICY RESTRICTING THE PUBLIC FROM VIEWING THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. |