2022-10-24T21:59:19-05:00 2021-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 SCOTT ODOM CFO 5202987882 2022-10-18 1 SCOTT ODOM XXX-XX-XXXX JOHN J MURNANE JR P03021572 3052328272 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SANDRA SAGEHORN-ELLIOTT 2480 N ARCADIA AVE TUCSON AZ 85712 147983519 0 2111 X WWW.VANTAGEWEST.ORG X 1955 AZ WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 9 9 606 14 426406 0 287500 475000 98925599 96254621 9991498 8185010 883691 1204044 110088288 106118675 34225 39189 0 0 39738445 42601971 0 0 0 63355557 43965392 103128227 86606552 6960061 19512123 2391498846 2536511128 2126478281 2261666941 265020565 274844187 X WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36460 0 1 606 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT ODOM 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 BROTHERTON JANICE SUPERVISORY COMMITTEE 5.00 X 2400 0 0 RILEY KARA BOARD OF DIRECTOR 5.00 X 3074 0 0 LIZARDI OSCAR BOARD OF DIRECTOR 5.00 X 15700 0 0 LUCERO MANUEL BOARD OF DIRECTOR 5.00 X 10579 0 0 MEZA MARICELA BOARD OF DIRECTOR 5.00 X 8000 0 0 ORTEGA KATHLEEN SUPERVISORY COMMITTEE 5.00 X 3250 0 0 PEARY STEPHEN BOARD OF DIRECTOR 5.00 X 12550 0 0 RINCON JOSE BOARD OF DIRECTOR 5.00 X 9629 0 0 SCHAU HOPE BOARD OF DIRECTOR 5.00 X 9903 0 0 LOGAN ROBERT BOARD OF DIRECTOR 5.00 X 3074 0 0 WOLFE THOMAS BOARD OF DIRECTOR 5.00 X 5357 0 0 WOODS MATTHEW BOARD OF DIRECTOR 5.00 X 7352 0 0 ZATARSKI JOHN SUPERVISORY COMMITTEE 5.00 X 2665 0 0 ZIMMERMAN DOUGLAS BOARD OF DIRECTOR 5.00 X 11021 0 0 ODOM SCOTT EVP/CFO 40.00 X 293961 0 46225 SAGEHORN-ELLIOTT SANDRA PRESIDENT- CEO 40.00 X 709719 0 49520 GORDON BRENDA EVP CHIEF LEGAL & RISK OFFICER 40.00 X 404293 0 30321 DOWNIN ANDREW CHIEF MARKETING & DIGITAL OFFICER 40.00 X 244588 0 31919 PAPOCCIA MARK CHIEF BUS & CONS BANKING 40.00 X 245406 0 30560 PINARD JEREMY CHIEF LENDING OFFICER 40.00 X 304024 0 20716 BRIDGES DANIELLE CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 321677 0 42905 2628222 0 252166 42 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 3040950 CONVERGE-ONE INC PO BOX 1450 MINNEAPOLIS MN 55485 CALL CENTER AND PHONE SYSTEM 2466585 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 E-SERVICES SOFTWARE, MAINTENANCE AND CON 2139751 VISA USA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROVIDER/ISSUANCE 1650739 DBSI INC 6950 WEST MORELOS PLACE CHANDLER AZ 85226 ARCHITECT/BRANCH DESIGN AND CONSTRUCTION 1528707 43 475000 475000 INTEREST ON MEMBER LOANS 522100 69088152 69088152 FEES AND CHARGES 522100 26740063 26740063 FINANCE AND INSURANCE 520000 426406 426406 96254621 7641163 7641163 42408691 41864844 543847 543847 543847 MISCELLANEOUS INCOME 522100 1204044 1204044 1204044 106118675 105217269 426406 0 X 26689 12500 1203979 33056705 1776453 4342973 2221861 285976 151014 2158870 2543343 2465371 13594353 1951813 81467 662051 5904456 247659 2071224 356755 DEBIT CARD 5219556 LOAN SERVICING 3816310 REPAIRS AND MAINTENANCE 1802387 FRAUD LOSSES 891067 -238280 86606552 16777573 17734480 304276108 216615569 332998 597337 1441228769 1505710921 4583812 7003551 80728525 45251696 36948913 35476829 490715293 678528586 7874546 9410984 954629 715972 87806205 64716899 2391498846 2536511128 99461993 33742387 893489 2654094 2026122799 2225270460 2126478281 2261666941 X 0 0 0 0 265020565 274844187 265020565 274844187 2391498846 2536511128 19512123 -9688501 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 419 419 419 1 ARIZONA TECHNOLOGY COUNCIL (LEGISLATIVE INITIATIVES) 2800 N CENTRAL AVE 1920 PHOENIX AZ 85004 860684848 419 8251576 8251576 36186416 13600777 22585639 2804049 1419650 1384399 32395678 29549004 2846674 1090806 682265 408541 35476829 SHARE DRAFT ACCOUNTS 471794724 REGULAR SHARE ACCOUNTS 434581328 PREMIUM SHARE ACCOUNTS 896596787 ESCROW ACCOUNTS 3290176 IRA SHARE ACCOUNTS 137181651 SHARE AND IRA CERTIFICATES 281575794 NON MEMBER CD 250000 2225270460 X 107825152 1758300 1758300 106066852 51823 51823 106118675 86554729 -51823 -51823 86606552 0 86606552 PART X, LINE 2: 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS FROM SOLD ASSETS REPORTED NET OF EXPENSES WITHIN THE AUDITED FINANCIA STATEMENTS BUT INCLUDED IN THE STATEMENT OF REVENUE WITHIN FORM 990 51,823. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAINS FROM SOLD ASSETS REPORTED NET OF EXPENSES WITHIN THE AUDITED FINANCIA STATEMENTS BUT INCLUDED IN THE STATEMENT OF REVENUE WITHIN FORM 990 -51,823. 1 EDUCATIONAL SCHOLARSHIPS 5 12500 SCH I, PART I, LINE 2 VANTAGE WEST OFFERS SCHOLARSHIPS TO CURRENT MEMBERS AND THEIR FAMILIES WHO ARE ATTENDING IN-STATE INSTITUTIONS OF HIGHER EDUCATION. SCHOLARSHIPS ARE AWARDED BASED ON RESPONSES TO AN APPLICATION FORM AND AN ESSAY ON HOW THE SCHOLARSHIP WILL HELP THEM ACHIEVE THEIR EDUCATIONAL AND FINANCIAL GOALS. SCHOLARSHIPS ARE LIMITED TO $2,500 PER STUDENT. AWARDS ARE DISTRIBUTED IN THE FORM OF A CHECK PAYABLE DIRECTLY TO THE INSTITUTION OF HIGHER EDUCATION WHICH THE STUDENT WILL BE ATTENDING. SHOULD THE RECIPIENT'S ENROLLMENT STATUS CHANGE, THE AWARD WILL BE INVALIDATED AND VANTAGE WEST WILL HAVE SOLE DISCRETION AS TO WHETHER OR NOT ANOTHER RECIPIENT WILL BE CHOSEN. X 1 1 X X X X 0 1 0 SAGEHORN-ELLIOTT SANDRA PRESIDENT- CEO 691095 0 50 0 18574 0 18054 0 31466 0 759239 0 0 0 GORDON BRENDA EVP CHIEF LEGAL & RISK OFFICER 211414 0 0 0 192879 0 15216 0 15105 0 434614 0 0 0 BRIDGES DANIELLE CHIEF MEMBER EXPERIENCE OFFICER 202676 0 118186 0 815 0 14850 0 28055 0 364582 0 0 0 ODOM SCOTT EVP/CFO 292836 0 0 0 1125 0 18170 0 28055 0 340186 0 0 0 PINARD JEREMY CHIEF LENDING OFFICER 182294 0 20000 0 101730 0 1632 0 19084 0 324740 0 0 0 DOWNIN ANDREW CHIEF MARKETING & DIGITAL OFFICER 242497 0 150 0 1941 0 14822 0 17097 0 276507 0 0 0 PAPOCCIA MARK CHIEF BUS & CONS BANKING 241066 0 50 0 4290 0 15702 0 14858 0 275966 0 0 0 PART I, LINE 4B CERTAIN EMPLOYEES PARTICIPATE IN A NON-QUALIFIED EXECUTIVE 457B PLAN. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN. THE FOLLOWING PARTICIPANTS RECEIVED BENEFIT PAYOUTS AS INDICATED DURING 2021: J. CASSISE: $17,400 S. LEUDERS: $166,440 CERTAIN EMPLOYEES PARTICIPATE IN A NON-QUALIFIED EXECUTIVE 457F PLAN. THE FOLLOWING PARTICIPANTS RECEIVED BENEFIT PAYOUTS AS INDICATED DURING 2021: D. BRIDGES: $117,436 S. HARRIS: $79,048 OTHER BENEFIT PAYOUT DURING 2021 INLCUDED THE FOLLOWING: B. GORDON: $191,865 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVE MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. A THIRD PARTY CPA FIRM IS RETAINED TO ASSIST IN THE PREPARATION AND E-FILING OF FORM 990. A DRAFT VERSION OF THE RETURN IS REVIEWED BY THE CREDIT UNION'S CFO, THEN PROVIDED TO THE CEO AND THE BOARD OF DIRECTORS FOR REVIEW. ONCE ALL REVIEWS ARE COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED IN TWO WAYS - 1) UPON HIRING, EMPLOYEES ARE REQUIRED TO READ AND CERTIFY THEIR ACCEPTANCE OF THE POLICY, AND 2) A REPORTING TOOL PROVIDED BY A THIRD PARTY IS AVAILABLE FOR EMPLOYEES TO ANONYMOUSLY REPORT ANY ETHICAL VIOLATIONS OF WHICH THEY ARE AWARE. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR OTHER OFFICER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY HUMAN RESOURCES AND THE CEO, UTILIZING DATA FROM INDUSTRY BENCHMARKS AND COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENSE 844,868. DEPOSIT SERVICING EXPENSE 404,547. ATM CURRENCY MANAGEMENT 296,182. NET LOSSES/GAINS ON DERIVATIVES -98,292. PROVISION FOR LOAN LOSSES -1,685,585. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.