2021-05-12T00:18:03-05:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 860108241 CREDIT UNION WEST CRED 6026313200 PO BOX 7600 GLENDALE AZ 853127600 CONNIE LOVELAND CFO 6026313200 2021-05-07 1 CONNIE LOVELAND XXX-XX-XXXX DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KAREN ROCH PO BOX 7600 GLENDALE AZ 853127600 48511704 0 X WWW.CUWEST.ORG X 1951 AZ FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 8 8 240 12 264247 0 0 0 40707472 44153882 2176877 1341027 10532 8379 42894881 45503288 0 0 0 0 16193570 17026529 0 0 0 20609390 22290568 36802960 39317097 6091921 6186191 772531216 921242904 690107370 831580369 82423846 89662535 TO INSPIRE OUR MEMBERS, EMPLOYEES AND COMMUNITIES TO ACHIEVE THEIR FINANCIAL GOALS AND ENHANCE THEIR QUALITY OF LIFE. 0 0 FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18297 0 1 240 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CREDIT UNION WEST 6026313200 10150 W DESERT RIVER BLVD GLENDALE AZ 85305 DON JACKSON ASSOCIATE DIRECTOR 1.00 X 0 0 0 LUIS GENDREAU CHAIRMAN 1.00 X 0 0 0 FRANCES LAGUNA DIRECTOR 1.00 X 0 0 0 EDWARD LOGAN DIRECTOR 1.00 X 0 0 0 GARY LARBERG DIRECTOR 1.00 X 0 0 0 WANDA TYUS DIRECTOR 1.00 X 0 0 0 RAYMOND BOUCHER V. CHAIRMAN 1.00 X 0 0 0 ROCH KAREN CEO/PRESIDENT 40.00 X 736503 0 61514 CHAN PAMELA SVP- CHIEF FINANCIAL OFFIC 40.00 X 444800 0 61565 GRUNDY SCOTT VP- CHIEF INFORMATION OFFI 40.00 X 302223 0 59911 BIRR ROBERT VP- CHIEF LENDING OFFICER 40.00 X 350459 0 67753 YVONNE ROSS VP - HUMAN RESOURCES AND D 40.00 X 173716 0 55537 CRUZ DIANA VP- ENTERPRISE RISK MANAGE 40.00 X 318328 0 53322 WINTER DEBBIE VP OF BRANCHES 40.00 X 254531 0 58939 KELLY POLDOSKI CONTROLLER 40.00 X 117949 0 26201 SETH R BAKER IT MANAGER 40.00 X 142066 0 17707 MORGAN SHERI MORTGAGE LOAN ORIGINATOR 40.00 X 254507 0 32516 JODY BLOSS SENIOR LOAN MANAGER 40.00 X 132900 0 18809 DANIELLE GREEN SR. MANAGER OF BRANCH OPER 40.00 X 132485 0 17926 3360467 0 531700 25 0 1 0 VANTIVWORLD PAY LLC 8500 GOVERNORS HILL DR SYMMES TOWNSHIP OH 45249 CARD PROCESSOR 1058762 MASTERCARD INTERNATIONAL 2200 MASTERCARD BLVD OFALLEN MO 633687263 CREDIT CARD ISSUER 787513 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75267 ONLINE BANKING PROVIDER 773171 COX COMMUNICATIONS PO BOX 53249 PHOENIX AZ 85072 UTILITY PROVIDER 440774 JACK HENRY PO BOX 609 MONETT MO 65708 DATA PROCESSOR 394333 22 LOANS TO MEMBERS 522100 33047650 33047650 FEES/CHARGES/OTHER 522100 10841985 10841985 UNRELATED BUSINESS INCOME 523920 149856 149856 UNRELATED BUSINESS INCOME 525990 109285 109285 UNRELATED BUSINESS INCOME 900099 5106 5106 44153882 1303600 1303600 22800 14421 8379 8379 8379 3021897 9525 2980995 13000 40902 -3475 37427 37427 45503288 43927062 264247 1311979 X 2999101 10607286 1687133 716622 1016387 273720 106647 1083508 933943 2437825 2148181 728331 10105 1381 5131851 36838 1321894 124053 LOAN SERVICING 4463117 PROVISION FOR LOAN LOSS 2780087 MAINTENANCE 443442 ATM EXPENSES 243403 22242 39317097 5742976 5201281 37467775 117213692 35993 3833266 625577921 676798340 1050215 1099474 41781615 10797183 27908363 30984432 46921191 52841037 10878200 14137300 16948582 19134082 772531216 921242904 15085086 19137820 25000000 0 650022284 812442549 690107370 831580369 X 0 0 0 0 82423846 89662535 82423846 89662535 772531216 921242904 X 6186191 765403 287095 X X 0 1 X 1 0 7047255 7047255 23874218 3562580 20311638 1311409 101373 1210036 9548733 7133230 2415503 30984432 SHARE ACCOUNTS 256376955 SHARE DRAFT ACCOUNTS 220616660 MONEY MARKET ACCOUNTS 174162293 SHARE AND IRA CERTIFICATES 161286641 812442549 X 45503288 0 45503288 0 45503288 39317097 0 39317097 0 39317097 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE CREDIT UNION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION RECOGNIZED NO INTEREST OR PENALTIES ON THE UNDERPAYMENT OF INCOME TAXES DURING THE YEARS ENDED DECEMBER 31, 2020 AND 2019, AND HAD NO ACCRUED INTEREST OR PENALTIES ON THE STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION HAS NO TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE DURING THE NEXT TWELVE MONTHS. THE INTERNAL REVENUE SERVICE (IRS) AND CERTAIN STATE TAXING AUTHORITIES ARE CURRENTLY REVISITING WHAT, IF ANY, PRODUCTS AND SERVICES PROVIDED BY STATECHARTERED CREDIT UNIONS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE IRS CODE ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. THE IRS HAS INDICATED THAT THEY ARE STUDYING THE ISSUE AND MAY ISSUE ADDITIONAL GUIDANCE. AS A RESULT, AT THIS TIME THERE IS UNCERTAINTY REGARDING WHETHER STATE CHARTERED CREDIT UNIONS SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE CREDIT UNION HAS NOT FILED ANY TAX RETURNS IN THE PAST SHOWING THESE ACTIVITIES AS POTENTIAL TAXABLE ACTIVITIES. 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 DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. X X 1 1 X X X X X 0 1 0 ROCH KAREN CEO/PRESIDENT 351281 0 83234 0 301988 0 53000 0 8514 0 798017 0 280000 0 CHAN PAMELA SVP- CHIEF FINANCIAL OFFIC 204607 0 39270 0 200923 0 56622 0 4943 0 506365 0 186000 0 BIRR ROBERT VP- CHIEF LENDING OFFICER 177177 0 59139 0 114143 0 56369 0 11384 0 418212 0 112000 0 CRUZ DIANA VP- ENTERPRISE RISK MANAGE 156749 0 47651 0 113928 0 43758 0 9564 0 371650 0 112000 0 GRUNDY SCOTT VP- CHIEF INFORMATION OFFI 178165 0 52059 0 71999 0 55121 0 4790 0 362134 0 70000 0 WINTER DEBBIE VP OF BRANCHES 154486 0 41700 0 58345 0 54149 0 4790 0 313470 0 56000 0 MORGAN SHERI MORTGAGE LOAN ORIGINATOR 40216 0 214291 0 0 0 17104 0 15412 0 287023 0 0 0 YVONNE ROSS VP - HUMAN RESOURCES AND D 147693 0 24087 0 1936 0 43539 0 11998 0 229253 0 0 0 SETH R BAKER IT MANAGER 115437 0 26016 0 613 0 15187 0 2520 0 159773 0 0 0 JODY BLOSS SENIOR LOAN MANAGER 107159 0 25039 0 702 0 17009 0 1800 0 151709 0 0 0 DANIELLE GREEN SR. MANAGER OF BRANCH OPER 108146 0 23692 0 647 0 16126 0 1800 0 150411 0 0 0 PART I, LINE 4B DURING 2020, THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. ROCH, KAREN- PAID OUT IN 2020: $280,000.00 CHAN, PAMELA PAID OUT IN 2020: $186,000.00 GRUNDY, SCOTT- PAID OUT IN 2020: $70,000.00 WINTER, DEBBIE- PAID OUT IN 2020: $56,000.00 BIRR, ROBERT- PAID OUT IN 2020: $112,000.00 CRUZ, DIANA- PAID OUT IN 2020: $112,000.00 FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP VOTES TO ELECT GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERSHIP VOTES ON ANY GOVERNING BY-LAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 TAX RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. INDIVIDUALS MUST REPORT ANY CONFLICT OF INTEREST AT THE TIME IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 15(A) COMPENSATION COMMITTEE REVIEWS INFORMATION FROM INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY FOR CEO'S AND RECOMMENDS SALARY RANGE FOR EACH POSITION. CEO'S COMPENSATION IS APPROVED BY THE BOARD. 15(B) COMPENSATION FOR OTHER OFFICERS IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON INPUT FROM AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT ALL BRANCH LOCATIONS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS REPRESENTING THE ENTIRE MEMBERSHIP. OTHER POLICY STATEMENTS MAY BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 1,083,508. FORM 990, PART IX, LINE 24E MISCELLANEOUS 22,242. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME-DEFINED BENEFIT PENSION PLAN 287,095. 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.