2022-11-14T16:41:51-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2021-01-01 860189823 FIRST AMERICAN CREDIT UNION FIRS 5208368848 1001 N PINAL AVENUE CASA GRANDE AZ 85122 PHIL PETERS PRESIDENT & CEO 5208368848 2022-11-11 1 PHIL PETERS 999009999 MELISSA HANGSLEBEN P02087031 6022662248 2022-11-11 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z PHIL PETERS 1001 N PINAL AVENUE CASA GRANDE AZ 85122 5420369 0 X WWW.FIRSTAMERICAN.ORG X 1962 AZ A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICE TO ITS MEMBERSHIP. 7 7 40 9 69121 19333 0 0 4150869 4212481 286912 206296 0 0 4437781 4418777 0 0 198318 116266 1920640 1761273 0 0 0 1899928 2244518 4018886 4122057 418895 296720 95034394 109604359 88705812 102981091 6328582 6623268 FIRST AMERICAN CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICES TO ITS MEMBERSHIP. OUR MISSION IS TO CREATE FINANCIAL INDEPENDENCE, PROMOTE DIVERSITY AND SERVE HARD-WORKING FAMILIES. 0 0 FIRST AMERICAN CREDIT UNION IS A NON-PROFIT COOPERATIVE FULLY OWNED BY APPROXIMATELY 12,300 MEMBERS. THE CREDIT UNION PROVIDES A VARIETY OF BANKING SERVICES, SUCH AS CONSUMER LENDING, BILL PAYMENT, MOBILE/HOME BANKING, DEPOSIT/TRANSACTIONAL ACCOUNTS, IRA ACCOUNTS, DEBIT/CREDIT CARD SERVICES, ATM AND OTHER FINANCIAL SERVICES. 4058910 4058910 4058910 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 721 0 40 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 0 X CORY LONZO 5208368848 1001 N PINAL AVENUE CASA GRANDE AZ 85122 JR MCEVOY CHAIR 1.00 X X 0 0 0 CLIFF KINSER VICE-CHAIR 1.00 X X 0 0 0 JANICE WEAVER SECRETARY 1.00 X X 0 0 0 SYLVIA MEJIA TREASURER 1.00 X X 0 0 0 JOSEPH HARDY DIRECTOR 1.00 X 0 0 0 DUANE WALLACE DIRECTOR 1.00 X 0 0 0 STEVE HUDSON DIRECTOR 1.00 X 0 0 0 PHIL PETERS PRESIDENT & CEO 40.00 X 73500 0 7633 FRANK MESQUITA CFO 40.00 X 75500 0 6364 149000 0 13997 0 0 0 0 PSCU 560 CARILLON PARKWAY ST PETERSBUG FL 33716 DEBIT AND CREDIT CARD PROCESSING 1219250 TECHPRO LLC 3498 N SAN MARCOS PLACE STE 12 CHANDLER AZ 85225 ATM SERVICES 187061 CUPRODIGY LLC 420 E SOUTH TEMPLE SUITE 520 SALT LAKE UT 84111 CORE COMPUTER SYSTEM 170323 3 FEE INCOME 522100 2347758 2278637 69121 LOAN INCOME 522100 1864723 1864723 4212481 209888 209888 998000 1000000 1592 -2000 -1592 -3592 -3592 4418777 4143360 69121 206296 116266 162997 1330739 -23928 171351 120114 22226 40022 60645 20144 258549 268673 287762 2779 859 127232 44288 BANK AND CREDIT CARD FE 638536 INTERCHANGE TERMINAL 354185 LOAN FEES 67581 OTHER EXPENSES 51037 4122057 17167348 15766889 29196728 37366187 24749 60058 37295764 37702940 100347 109096 2897328 1936085 918447 961243 3068451 6412534 6435509 9671509 827051 1553903 95034394 109604359 1191780 1332908 87514032 101648183 88705812 102981091 X 0 0 0 0 6328582 6623268 6328582 6623268 95034394 109604359 X 296720 -65181 63147 X 0 1 X 1 0 390114 390114 1095061 734482 360579 24879 23102 1777 1387274 1178501 208773 961243 PERPETUAL CONTRIBUTED CAPITAL ACCOUNT 210509 C CERTIFICATES OF DEPOSIT IN OTHER FINANCIAL INSTITUTIONS 8961000 C SECONDARY CAPITAL BOND 500000 C 9671509 MEMBERS' SHARE AND SAVINGS ACCOUNT 101648183 101648183 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2021 AND 2020. THE CREDIT UNION'S 2018 THROUGH 2020 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION AND, THEREFORE, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. STEVE HUDSON BOARD MEMBER HELOC X 24053 20407 0 1 1 SYLVIA MEJIA BOARD MEMBER CREDIT CARD X 8500 3430 0 1 1 DUANE WALLACE BOARD MEMBER HOME EQUITY LOAN X 40000 36221 0 1 1 60058 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF MEMBERS OF BOTH THE NAVAJO AND TOHONO O'ODHAM NATIONS, AND OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN PINAL COUNTY, ARIZONA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION A, LINE 7B BYLAW AMENDMENTS MUST BE RATIFIED BY MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS AN ETHICS AND WHISTLEBLOWER POLICY WHICH MANDATES THAT EACH OFFICIAL AND EMPLOYEE OF THE CREDIT UNION MUST SIGN UPON WORKING WITH THE CREDIT UNION. EACH BOARD MEMBER AND EMPLOYEE MUST SIGN AN UPDATED STATEMENT ANNUALLY. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY AND DISCUSSED IN AWARENESS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION OF THE CEO. THE BOARD REVIEWS AN ANALYSIS OF 990'S FROM STATE CHARTERED CREDIT UNIONS TO DETERMINE THE CEO'S COMPENSATION. THE BOARD CHAIR DOCUMENTS THE COMPENSATION AMOUNTS. THE CEO REVIEWS AND APPROVES ALL OTHER COMPENSATION IN ACCORDANCE WITH THE BOARD APPROVED BUDGET. OTHER OFFICER AND KEY EMPLOYEE'S COMPENSATION IS BASED ON A FORMAL REVIEW THAT IS COMPLETED BY THE CEO. THERE IS A REVIEW OF INDUSTRY SPECIFIC SALARY SURVEY INFORMATION AND IS PERFORMED BY THE CEO WITH THE DECISION DOCUMENTED IN THE EMPLOYEE FILE AND PAYROLL SYSTEM. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CREDIT FOR LOAN LOSSES 63,147. FIRST AMERICAN ASSURANCE AGENCY LLC 1001 N PINAL AVENUE CASA GRANDE AZ 85122 471089501 INSURANCE AZ 8398 12837 FIRST AMERICAN CREDIT UNION