2023-11-03T10:16:53-07:00 2022-12-31 990 2022-01-01 840417233 SunWest Educational Credit Union SUNW 7195610804 4141 Sovereign Circle Pueblo CO 81005 Amy Galassini Vice President 7195610804 2023-10-26 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z SunWest Credit Union Leslie Shepard 4141 Sovereign Circle Pueblo CO 81005 8082151 0 X www.sunwestecu.com X 1935 CO SunWest Credit Union will create a place where people feel they belong and can have all of their financial needs met, proactively engage with our members and our community, offer easily accessible financial products and services that meet our members' needs, and grow our financial strength so we can continuously develop offerings relevant to our members' changing lives. 7 7 47 11 7336 0 0 0 6763024 7088270 776606 930885 65282 62996 7604912 8082151 0 0 0 0 2470288 2875904 0 0 0 3104514 3302130 5574802 6178034 2030110 1904117 198856322 203642289 179965637 186838349 18890685 16803940 SunWest Credit Union will create a place where people feel they belong and can have all of their financial needs met, proactively engage with our members and our community, offer easily accessible financial products and services that meet our members' needs, and grow our financial strength so we can continuously develop offerings relevant to our members' changing lives. 0 0 Create a place where people feel they belong and can have all of their financial needs met, while proactively engaging with our members and our community. Offer easily accessible financial products and services that meet our members' needs while growing our financial strength so we can continuously develop offerings relevant to our members' changing lives. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 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 3117 0 1 47 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X Amy Galassini 7195610804 4141 Sovereign Circle Pueblo CO 81005 Janice Mehle President/CEO 45 X 250549 0 7883 Leslie Shepard Sr Vice President & President/CEO 45 X 115942 0 13989 Amy Galassini Vice President of Finance 45 X 111384 0 13807 Alexander Krinsky Vice President of IT 45 X 98809 0 20783 Lynn Smith Mortgage Lender 45 X 110167 0 4489 Michael Shoaf Vice President of Lending 45 X 105989 0 6152 David Niccoli Board Chairperson 5 X 0 0 0 Henry Roman Board Vice-Chairperson 3 X 0 0 0 Gloria Santistevan-Feeback Board Treasurer 3 X 0 0 0 Lita Martinez Board Secretary 3 X 0 0 0 Andy Beeman Board Member 3 X 0 0 0 Patrick Garcia Board Member 3 X 0 0 0 Fred Ingo Board Member 3 X 0 0 0 Jack Pecoraro Board Member 3 X 0 0 0 792840 0 67103 5 0 1 0 Jack Henry & Associates Inc 663 W Hwy 60 Monett MO 65708 Information Services 311774 Fidelity National Information Services Inc 601 Riverside Ave Jacksonville FL 32204 Card Services 266311 Visa USA Inc 900 Metro Center Blvd Foster City CA 94404 Card Services 112012 3 0 Interest Income/Loans 522130 5316155 5316155 0 0 Other Income 522130 1156071 1156071 0 0 Fee Income 522130 616044 616044 0 0 0 0 0 0 7088270 930885 0 0 930885 0 0 0 0 0 0 0 0 55660 0 0 0 55660 0 55660 0 0 55660 0 0 Non-Member ATM Fees 522130 7336 0 7336 0 0 0 0 0 7336 8082151 7088270 7336 986545 X 0 0 0 0 743859 0 1631884 47565 273907 178689 0 8662 26250 0 0 51644 816815 367654 418078 365484 0 206715 29617 0 18209 0 0 246477 36683 Dividend and Interest Expense 432009 Miscellaneous Expense 104734 Loan Servicing 104685 Provision for Loan Losses 68414 6178034 0 0 0 1617408 1562188 19565569 10687564 0 0 0 2000 0 0 0 0 108163132 127474643 0 0 235503 187667 9124774 4554133 4576219 4570641 0 0 61891078 56094591 0 0 0 0 2807413 3062995 198856322 203642289 720575 1203502 0 0 0 0 0 0 380327 338488 0 0 0 0 0 0 178864735 185296359 179965637 186838349 X 0 0 0 0 18890685 16803940 18890685 16803940 198856322 203642289 1904117 -3990862 0 0 0 0 X X 0 0 0 0 1 X 0 1055787 1055787 0 4878784 1856385 3022399 0 0 0 0 0 2878166 2415508 462658 0 312037 282240 29797 4570641 0 0 Other Investments 56094591 C 56094591 0 Member Share and Deposit Accounts 185296359 185296359 Schedule D, Part IV, Line 2b The escrow liability is for escrow accounts held for members who have mortgage loans with the credit union to pay property taxes and property insurance. X X 0 0 0 Janice Mehle President/CEO 168445 0 10000 0 72104 0 6907 0 976 0 258432 0 0 0 Form 990, Part VI, Section A, Line 6 Member-owned not for profit financial institution - State Chartered Credit Union 11,377 Members Form 990, Part VI, Section A, Line 7a An annual election is held for membership to elect the members of the board of directors for any open positions. Any member in good standing over 18 years of age may run for an open position on the board that is vacated due to an expiring term or other circumstance which may create a vacancy. All members in good standing over 18 years of age are eligible to vote. Each member is entitled to only one vote. Form 990, Part VI, Section B, Line 11b A copy of the completed Form 990 is provided for review to each member of the board of directors upon completion. The vice president of finance is available to answer any questions. The 990 is then voted on and approved by a quorum of the board of directors prior to submission. Form 990, Part VI, Section B, Line 12c All employees and volunteers are required to disclose any conflict of interest on an annual basis. Conflicts of interest are determined at an executive/board level. Actual conflicts of interest are reviewed at an executive/board level. Annual disclosure statements must be signed by all employees and volunteers. Form 990, Part VI, Section B, Line 15 The board of directors determines compensation for the President/CEO using available comparability data. The board of directors has granted the President/CEO authority to determine compensation for the other officers and key employees of the organization with the compensation budget. Compensation reviews are performed at least annually and were last conducted in 2022. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and financial statements are available for inspection at the main office of the credit union upon request. Form 990, Part IX, Line 11g ATM Expenses $389,903, Card Services Expenses $365,950, Other Professional Fees $60,962 Form 990, Part XII The credit union has engaged an audit firm to conduct an agreed-upon procedures engagement for the period of July 1, 2022 to June 30, 2023. The engagement will meet the minimum requirements established by Part 715 of the NCUA Rules and Regulations.