2022-10-26T14:46:01-05:00 2021-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 860098350 ARIZONA CENTRAL CREDIT UNION ARIZ 6025238130 2020 N CENTRAL AVENUE 450 PHOENIX AZ 85004 GREG HARDEN CEO 6022646421 2022-10-26 1 GREG HARDEN 999009999 JOHN J MURNANE JR P03021572 3052328272 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GREG HARDEN 2020 N CENTRAL AVENUE PHOENIX AZ 85004 37215736 0 2111 X WWW.AZCENTRALCU.ORG X 1939 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY. 7 7 217 10 28485 0 0 0 28835938 27615147 735884 2135179 8171830 5543315 37743652 35293641 0 0 0 0 15663875 14147656 0 0 0 19786227 16106994 35450102 30254650 2293550 5038991 645140221 741586550 592377428 684687423 52762793 56899127 PROVIDE SAVINGS AND LENDING ACTIVITIES TO THE MEMBER OWNERS OF THE COOPERATIVE. 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 SAVING 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. 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 12660 0 1 217 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 STEPHANIE MCQUILLAN VICE CHAIR 15.00 X 9400 0 0 BRYAN RACZYNSKI BOD MEMBER 10.00 X 7600 0 0 LARRY PFEIFFER CHAIR EMERITUS 10.00 X 12400 0 0 SANDRA WATTS SECRETARY 15.00 X 9400 0 0 MARK DENKE CHAIR 20.00 X 11400 0 0 VERONICA PIOTROWSKI TREASURER 15.00 X 8800 0 0 NICOLETTE LEMMON BOD MEMBER 10.00 X 7600 0 0 GREGORY HARDEN CEO 40.00 X 361050 0 38927 MICHAEL NEILL CFO, VP OF FINANCE & ACCOU 40.00 X 148148 0 14839 JANET MOODIE SVP COO 40.00 X 198789 0 16635 JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE O 40.00 X 194937 0 28802 LISA WILMOT DIR. MORTGAGE OPERATIONS 40.00 X 245603 0 24456 STEVE TUSTIN SR. MORTGAGE LOAN ORIGINAT 40.00 X 226283 0 28626 YVETTE CLAY VP OF LENDING 40.00 X 147154 0 18858 BENJAMIN BROWN MORTGAGE LOAN ORIGINATOR 40.00 X 140729 0 19217 JEFFREY FRANK COMMERCIAL LOAN OFFICER 40.00 X 145406 0 14453 1874699 0 204813 23 0 1 0 DBSI 6950 W MORELOS PLACE CHANDLER AZ 85226 CONSTRUCTION 2223427 2020 CENTRAL SPE PO BOX 80588 INDUSTRY CA 91716 COMMUNICATIONS 1268392 FISERV PO BOX 208457 DALLAS TX 75320 SYSTEM SUPPORT 698039 NCR CORPORATION 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE 375786 CENTURYLINK PO BOX 52187 PHOENIX AZ 85072 INTERNET SERVICES 306543 19 INTEREST ON LOANS 522100 21931322 21931322 FEES & SERVICE CHARGES 522100 5655340 5655340 FINANCE & INSURANCE 520000 28485 28485 27615147 852021 852021 3205253 1922095 1283158 1283158 1283158 OTHER OPERATING INCOME 522100 5543315 5543315 5543315 35293641 35265156 28485 0 X 1068727 10542975 531371 1138317 866266 98476 47732 328621 1273551 2279042 4087751 1763420 27680 27767 1376250 997776 143654 LOAN SERVICING 2286043 PROVISION FOR LOAN LOSS 482022 MISCELLANEOUS 477910 MAINTENANCE AND REPAIRS 200138 209161 30254650 4349769 5700721 132891153 89140644 278475 284440 2957500 411581643 523521707 590601 655448 30751998 16171708 13517110 14580290 55831409 87393566 3265870 2128577 22834191 15223657 645140221 741586550 10756047 10800958 20000000 15000000 561621381 658886465 592377428 684687423 X 0 0 0 0 52762793 56899127 52762793 56899127 645140221 741586550 5038991 -902657 0 X X 0 1 X 1 0 4954022 4954022 11933403 4401988 7531415 145673 145670 3 13483259 11455164 2028095 235641 168886 66755 14580290 SHARE DRAFTS 146253964 SHARES 231419285 MONEY MARKET 165488281 IRA SHARES 18414677 BUSINESS 36765738 SHARE AND IRA CERTIFICATES 60544520 658886465 X 36257764 964123 964123 35293641 0 35293641 30254650 0 30254650 0 30254650 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 350700 0 1350 0 9000 0 21603 0 17324 0 399977 0 0 0 LISA WILMOT DIR. MORTGAGE OPERATIONS 96677 0 148926 0 0 0 14884 0 9572 0 270059 0 0 0 STEVE TUSTIN SR. MORTGAGE LOAN ORIGINAT 48058 0 178225 0 0 0 13860 0 14766 0 254909 0 0 0 JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE O 183888 0 3850 0 7199 0 11582 0 17220 0 223739 0 0 0 JANET MOODIE SVP COO 187740 0 3850 0 7199 0 11147 0 5488 0 215424 0 0 0 YVETTE CLAY VP OF LENDING 143354 0 3800 0 0 0 9008 0 9850 0 166012 0 0 0 MICHAEL NEILL CFO, VP OF FINANCE & ACCOU 144298 0 3850 0 0 0 9299 0 5540 0 162987 0 0 0 BENJAMIN BROWN MORTGAGE LOAN ORIGINATOR 42952 0 97777 0 0 0 2871 0 16346 0 159946 0 0 0 JEFFREY FRANK COMMERCIAL LOAN OFFICER 84488 0 60918 0 0 0 8966 0 5487 0 159859 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, AND YVETTE CLAY 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 2957500 FORM 990, SCHEDULE L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, AND YVETTE CLAY 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 165,360. TRAINING 43,801. 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.