2020-09-24T21:06:37-05:00 2019-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2019-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 SCOTT ODOM CFO 5202987882 2020-09-24 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2020-09-24 08:36:32 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2022-02-16 14:24:37Z ROBERT D RAMIREZ 2480 N ARCADIA AVE TUCSON AZ 85712 279278514 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. 8 7 586 10 471908 0 0 0 96983713 106620630 7487762 10724759 760474 964674 105231949 118310063 20000 76987 0 0 35412785 40258186 0 0 0 56586835 59448774 92019620 99783947 13212329 18526116 1973948993 2015563365 1742702190 1764300380 231246803 251262985 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 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39491 0 1 586 1 1 1 0 0 0 0 0 1 0 X 8 7 0 0 1 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 FRANKO DONNA DIRECTOR 9.00 X 0 0 0 ZIMMERMAN DOUG DIRECTOR 9.00 X 0 0 0 NORZAGARAY ERNIE DIRECTOR 9.00 X 0 0 0 TREMBULAK FRANK DIRECTOR 9.00 X 0 0 0 RINCON JOSE DIRECTOR 9.00 X 0 0 0 LUCERO MANNY DIRECTOR 9.00 X 0 0 0 MEZA MARICELA DIRECTOR 9.00 X 0 0 0 WOODS MATTHEW DIRECTOR 9.00 X 0 0 0 SMITH OLIVIA DIRECTOR 9.00 X 0 0 0 LIZARDI OSCAR DIRECTOR 9.00 X 0 0 0 MCGRATH ANN DIRECTOR 9.00 X 0 0 0 PINNINGTON MICHIKO DIRECTOR 9.00 X 0 0 0 FLORES JANET DIRECTOR 9.00 X 0 0 0 SHARP RON DIRECTOR 9.00 X 721 0 0 WARD LAURA DIRECTOR 9.00 X 0 0 0 PEARY STEPHEN DIRECTOR 9.00 X 0 0 0 ORTEGA KATHLEEN DIRECTOR 9.00 X 0 0 0 ZATARSKI JOHN DIRECTOR 9.00 X 0 0 0 TREMBULAK FRANK INTERIM CEO 40.00 X 146825 0 0 RAMIREZ ROBERT D PRESIDENT-CEO 37.00 X 2216682 0 30326 ODOM SCOTT B EVP CHIEF FINANCIAL OFFICER 40.00 X 294226 0 34518 LUEDERS SANDRA B CHIEF HR OFFICER 29.00 X 304668 0 34642 GORDON BRENDA EVP CHIEF LEGAL & RISK OFFICER 40.00 X 278289 0 28591 MOTT STEVEN M CHIEF IT OFFICER 40.00 X 252566 0 28037 BRIDGES DANIELLE M CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 245147 0 34171 CLEMENS DANIEL M CHIEF STRATEGY OFFICER 29.08 X 242071 0 34054 3981195 0 224339 31 0 1 0 BRINK 1100 S SIXTH AVENUE TUCSON AZ 85701 MARKETING 2096100 PSCU 560 CARILLON PARKWAY ST PETERSBURGH FL 33716 CARD SERVICES/BILL PAY PROVIDER 1871964 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 INTEGRATED IT PROVIDER 1315192 DBSI INC 6950 WEST MORELOS PLACE CHANDLER AZ 85226 CONSTRUCTION AND DESIGN SERVICES 1119425 ALKAMI TECHNOLOGY INC PO BOX670397 DALLAS TX 75267 E-SERVICES SOFTWARE, MAINTENANCE AND CON 974678 48 INTEREST ON MEMBER LOANS 522100 78357257 78357257 FEES AND CHARGES 522100 24869812 24869812 UNREALIZED GAIN RECOGNIZED ON EQU 522100 2921653 2921653 UNRELATED BUSINESS INCOME 900099 339036 339036 UNRELATED BUSINESS INCOME 900099 101030 101030 31842 31842 106620630 8839247 8839247 2124 12673 -10549 -10549 -10549 41262389 121578901 40998530 119957248 263859 1621653 1885512 1885512 MISCELLANEOUS INCOME 522100 975223 975223 975223 118310063 117838155 471908 0 X 66487 10500 2723298 29694137 1649828 4081763 2109160 361408 211936 965092 3475045 4054366 4389160 1610411 115894 779104 16711112 252646 3425881 378053 PROVISION FOR LOAN LOSS 8281658 DEBIT CARD 3977792 LOAN SERVICING 3606936 HOME BANKING 2834492 4017788 99783947 14959383 14898599 200973614 144141884 1385711 470776 1502922549 1545329129 4134903 5343647 77505074 39292658 37897446 38212416 129692750 156070039 43468578 48132917 1431943 1193286 37082116 61770672 1973948993 2015563365 27044919 32328780 55000000 0 1660657271 1731971600 1742702190 1764300380 X 0 0 0 0 231246803 251262985 231246803 251262985 1973948993 2015563365 18526116 1490066 0 X X 0 1 X 1 0 1307 1307 1307 1 ARIZONA TECHNOLOGY COUNCIL (LEGISLATIVE INITIATIVES) 2800 N CENTRAL AVE 1920 PHOENIX AZ 85004 860684848 107 SOUTHERN ARIZONA LEADERSHIP COUNCIL 3497 N CAMPBELL AVE 703 TUCSON AZ 85719 860879845 1200 8251576 8251576 36137242 11549860 24587382 1337268 629095 708173 30699982 26537637 4162345 1079006 576066 502940 38212416 SHARE DRAFT ACCOUNTS 306105242 REGULAR SHARE ACCOUNTS 227573040 PREMIUM SHARE ACCOUNTS 608559529 ESCROW ACCOUNTS 3032324 IRA SHARE ACCOUNTS 121228983 SHARE AND IRA CERTIFICATES 465172482 NON MEMBER CD 300000 1731971600 X 118169463 0 118169463 140600 140600 118310063 99643347 -140600 -140600 99783947 0 99783947 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE INTERNAL REVENUE SERVICE (IRS) HAS RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2018, 2017, AND 2016 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS FROM SOLD ASSETS REPORTED NET OF EXPENSES ON THE AUDITED FINANCIAL STATEMENTS BUT INCLUDED IN THE STATEMENT OF REVENUE IN FORM 990 153,273. RENTAL EXPENSES REPORTED AS A REDUCTION OF RENTAL REVENUE ON FORM 990, BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -12,673. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAINS FROM SOLD ASSETS REPORTED NET OF EXPENSES ON THE AUDITED FINANCIAL STATEMENTS BUT INCLUDED IN THE STATEMENT OF REVENUE IN FORM 990 -153,273. RENTAL EXPENSES REPORTED AS A REDUCTION OF RENTAL REVENUE ON FORM 990, BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 12,673. 1 RONALD MCDONALD HOUSE CHARITIES OF SOUTHERN ARIZONA 2155 E ALLEN RD TUCSON AZ 85719 953526934 501(C)(3) 10000 CHARITABLE DONATION 1 0 EDUCATIONAL SCHOLARSHIPS 5 10500 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. SCH I, PART I, LINE 2 DONATION GIVEN TO THE RONALD MCDONALD HOUSE CHARITIES OF SOUTHERN ARIZONA WAS A CHARITABLE DONATION NOT A GRANT AND THEREFORE IS NOT MONITORED. X 1 1 X X X X 0 1 0 RAMIREZ ROBERT D PRESIDENT-CEO 1013323 0 1186576 0 16783 0 19600 0 10726 0 2247008 0 1085413 0 ODOM SCOTT B EVP CHIEF FINANCIAL OFFICER 270707 0 20928 0 2591 0 17155 0 17363 0 328744 0 0 0 LUEDERS SANDRA B CHIEF HR OFFICER 282531 0 18069 0 4068 0 17496 0 17146 0 339310 0 0 0 GORDON BRENDA EVP CHIEF LEGAL & RISK OFFICER 256623 0 18867 0 2799 0 17095 0 11496 0 306880 0 0 0 MOTT STEVEN M CHIEF IT OFFICER 231487 0 17694 0 3385 0 17291 0 10746 0 280603 0 0 0 BRIDGES DANIELLE M CHIEF MEMBER EXPERIENCE OFFICER 229257 0 13535 0 2355 0 16808 0 17363 0 279318 0 0 0 CLEMENS DANIEL M CHIEF STRATEGY OFFICER 221605 0 17798 0 2668 0 17113 0 16941 0 276125 0 0 0 PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED EXECUTIVE PLAN. AMOUNTS REPRESENT CONTRIBUTIONS TO THE PLAN DURING 2019: D. BRIDGES $77,175 B. GORDON: 132,521 S. MOTT: $83,513 S. ODOM: $94,658 DURING 2019 R. RAMIREZ RECEIVED A PAYOUT FROM HIS 457(F) PLAN OF $1,141,260. FORM 990, PART VI, SECTION A, LINE 4 SEVERAL AMENDMENTS TO THE CREDIT UNION'S BYLAWS WERE MADE DURING THE YEAR. THESE AMENDMENTS WERE APPROVED BY THE CREDIT UNION MEMBERSHIP DURING JUNE 2019. 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 11G MANAGEMENT CONSULTING FEE 965,092. FORM 990, PART IX, LINE 24E REPAIRS AND MAINTENANCE 1,866,615. FRAUD LOSSES 651,625. ATM CURRENCY MANAGEMENT 632,050. MISCELLANEOUS EXPENSE 456,448. DEPOSIT SERVICING EXPENSE 411,050. 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.