2020-11-06T16:57:17-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-01-01 860108770 ONEAZ CREDIT UNION ONEA 6024674088 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 MICHAEL BODEN EVP COO/CFO 6024674094 2020-11-06 1 MARY C GREEN P00447183 6022662248 2020-11-06 67.137.57.251 2020-11-06 15:46:27 MS P 8ECECD2934116A1446D5A984C58DA1E2D1128512 4F026E04B3303417278A8F2A63CF130A40AB7B94 2019 2021-04-22 16:20:28Z RICHARD K REEDY 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 169962490 0 X WWW.ONEAZCU.COM X 1951 AZ A FINANCIAL COOPERATIVE PROVIDING MEMBERS WITH FINANCIAL SERVICES. 9 9 736 14 714001 0 0 0 95795115 96918040 8817604 16751294 3056741 818245 107669460 114487579 153632 473058 3286501 5162643 43357099 40891731 0 0 0 44709267 50370064 91506499 96897496 16162961 17590083 2049958630 2169567798 1844415154 1941160780 205543476 228407018 TO PROVIDE OUR MEMBER-OWNERS WITH RESPONSIVE SERVICE, CONVENIENT ACCESS, CONSUMER EDUCATION, AND VALUE-ADDED FINANCIAL AND RELATED PRODUCTS AND SERVICES, IN A FISCALLY SOUND MANNER. 0 0 THE CREDIT UNION PROVIDES CHECKING AND SAVINGS DEPOSIT ACCOUNTS AS WELL AS CONSUMER, REAL ESTATE AND BUSINESS LOANS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 71232 0 736 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X MICHAEL BODEN 6024674094 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 DAVE DOSS PRIOR CEO/PRESIDENT 40.00 X 987003 0 316290 DEBORAH PEARSON EVP STRATEGY & BRAND 40.00 0.10 X 625708 0 106745 RICHARD K REEDY CEO/PRESIDENT 40.00 0.10 X 452526 0 129830 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 40.00 X 370493 0 103894 STEPHEN HODGSON EVP PRODUCT & DATA ANALYTICS 40.00 X 347443 0 119686 LAURA WORZELLA EVP CHIEF RETAIL SALES OFFICER 40.00 X 295480 0 107570 SASSAN AZHADI SVP CHIEF INFORMATION OFFICER 40.00 X 297441 0 64746 BRYAN NIELSEN SVP SUPPORT SERVICES 40.00 X 302194 0 39888 MICHAEL BODEN EVP COO/CFO 40.00 0.10 X 241321 0 59550 MARK TABER EVP CLO 40.00 X 235120 0 48128 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE 40.00 X 228132 0 40916 THOMAS MITCHELL VP WEALTH MANAGEMENT 40.00 X 225508 0 32720 BEAM CHIP GRIFFITH REGIONAL PRESIDENT II 40.00 X 214425 0 30081 MICHAEL JESTER MORTGAGE ORGINATION SUPERVISOR 40.00 X 215830 0 24669 MICHAEL SAMMONS FINANCIAL ADVISOR 40.00 X 207479 0 19398 JOHN SCHOONER VP BUSINESS EFFICIENCY 40.00 X 188996 0 20501 LORI GREENE VP PROJECT MANAGEMENT 40.00 X 177614 0 9099 MARTHA ROZEN CHAIRMAN 2.00 X X 28713 0 0 GEORGANNA MEYER SECRETARY 2.00 X X 26500 0 0 FRANK FELIX DIRECTOR 2.00 X 26424 0 0 RAY O'CONNOR DIRECTOR 2.00 X 25670 0 0 MARQUETTA WHITE DIRECTOR 2.00 X 23869 0 0 JOSEPH SMITH DIRECTOR 2.00 X 23679 0 0 SAM WHEELER DIRECTOR 2.00 X 23320 0 0 JON BORGE VICE CHAIRMAN 2.00 X X 20000 0 0 RYAN WILLIAMS TREASURER 2.00 X X 14663 0 0 5825551 0 1273711 64 0 1 0 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT & DEBIT CARD PROCESSING 3339105 NCR CORPORATION 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ONLINE AND MOBILE BANKING 2226727 DBSI INC 6950 W MORELOS PL CHANDLER AZ 85226 BRANCH DESIGN, CONSTRUCTION & MAINTENANC 1306822 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 BANKING SYSTEM & TECHNOLOGY 1167664 GOOGLE 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 DIGITAL MARKETING 1048838 60 INTEREST ON LOANS 522100 63595583 63595583 INTERCHANGE INCOME 522100 11878737 11878737 FEES AND CHARGES 522100 10897476 10183475 714001 NSF FEE INCOME 522100 8133257 8133257 GAIN ON SALE OF LOANS 522100 2412987 2412987 96918040 14303348 14303348 740555 319160 421395 421395 421395 52394470 5209227 51650189 3505562 744281 1703665 2447946 2447946 MISCELLANEOUS INCOME 900099 396850 396850 396850 114487579 96204039 714001 17569539 473058 5162643 6014420 26008102 2821393 3808872 2238944 509585 137060 2417104 3935035 2423705 7921067 4714478 1216609 919793 708936 2996807 PROVISION FOR LOAN LOSS 9500000 CREDIT CARD EXPENSES 6136434 LOAN AND BANKING FEES 4039092 ONLINE BANKING EXPENSES 1845275 949084 96897496 73040134 113196764 3231542 0 1467982826 1412989728 10830884 8862352 95333834 32331633 62226471 63002201 364485528 497279421 25789762 28419917 42371483 45817415 2049958630 2169567798 17074937 17417191 45000000 48500000 1782340217 1875243589 1844415154 1941160780 X 0 0 0 0 205543476 228407018 205543476 228407018 2049958630 2169567798 X 17590083 5832523 -559064 X 0 1 X 1 0 24570417 24570417 49068726 15472106 33596620 2551435 2007871 543564 18956786 14851656 4105130 186470 186470 63002201 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1868649775 PENSION PLAN VALUATION 6593814 1875243589 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE RESULTING IN NO TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2019 AND 2018. THE CREDIT UNION'S 2016 THROUGH 2018 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 ONEAZ COMMUNITY FOUNDATION 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 501(C)(3) 217064 UNRESTRICTED VALLEY OF THE SUN UNITED WAY 3200 E CAMELBACK RD SUITE 375 PHOENIX AZ 85018 860104419 501(C)(3) 18187 UNRESTRICTED WORLD COUNCIL OF CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 391143339 501(C)(6) 10000 UNRESTRICTED WILDLIFE FOR TOMORROW FOUNDATION 5000 W CAREFREE HIGHWAY PHOENIX AZ 85086 860684044 501(C)(3) 9508 UNRESTRICTED ARIZONA STATE CAPITAL MUSEUM GUILD PO BOX 210026 TUCSON AZ 85721 860554728 501(C)(3) 10833 UNRESTRICTED LOCAL FIRST ARIZONA 407 E ROOSEVELT PHOENIX AZ 85004 202626253 501(C)(6) 25000 UNRESTRICTED SPECIAL OLYMPICS ARIZONA 5601 W MOHAVE AVE PHOENIX AZ 85043 860307564 501(C)(3) 12648 UNRESTRICTED HIGH COUNTRY HUMANE 11665 N US HWY 89 FLAGSTAFF AZ 86004 452912962 501(C)(3) 8984 UNRESTRICTED NORTHERN AZ HEALTH FOUNDATION 1030 NORTH SAN FRANCISCO STREET FLAGSTAFF AZ 86001 813137336 501(C)(3) 7800 UNRESTRICTED 8 2 PART I, LINE 2: GRANTS OR DONATIONS ARE APPROVED BY THE BOARD IN THE ANNUAL BUDGETING PROCESS WITH APPROVED DONATIONS ADMINISTERED AND MONITORED THROUGHOUT THE YEAR BY SENIOR MANAGEMENT. X X X X 0 1 0 DAVE DOSS PRIOR CEO/PRESIDENT 635339 0 328657 0 23007 0 299214 0 17076 0 1303293 0 0 0 DEBORAH PEARSON EVP STRATEGY & BRAND 247867 0 67701 0 310140 0 91170 0 15575 0 732453 0 310140 0 RICHARD K REEDY CEO/PRESIDENT 363773 0 88753 0 0 0 114463 0 15367 0 582356 0 0 0 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 266289 0 73844 0 30360 0 92364 0 11530 0 474387 0 0 0 STEPHEN HODGSON EVP PRODUCT & DATA ANALYTICS 310405 0 27823 0 9215 0 98542 0 21144 0 467129 0 0 0 LAURA WORZELLA EVP CHIEF RETAIL SALES OFFICER 275827 0 19653 0 0 0 86713 0 20857 0 403050 0 0 0 SASSAN AZHADI SVP CHIEF INFORMATION OFFICER 238575 0 41095 0 17771 0 51738 0 13008 0 362187 0 0 0 BRYAN NIELSEN SVP SUPPORT SERVICES 214029 0 38726 0 49439 0 28830 0 11058 0 342082 0 49439 0 MICHAEL BODEN EVP COO/CFO 208828 0 32493 0 0 0 39114 0 20436 0 300871 0 0 0 MARK TABER EVP CLO 215397 0 19723 0 0 0 37148 0 10980 0 283248 0 0 0 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE 186363 0 30400 0 11369 0 25577 0 15339 0 269048 0 0 0 THOMAS MITCHELL VP WEALTH MANAGEMENT 188301 0 37207 0 0 0 31260 0 1460 0 258228 0 0 0 BEAM CHIP GRIFFITH REGIONAL PRESIDENT II 157485 0 56940 0 0 0 9991 0 20090 0 244506 0 0 0 MICHAEL JESTER MORTGAGE ORGINATION SUPERVISOR 75022 0 139540 0 1268 0 10949 0 13720 0 240499 0 0 0 MICHAEL SAMMONS FINANCIAL ADVISOR 22063 0 185416 0 0 0 -1242 0 20640 0 226877 0 0 0 JOHN SCHOONER VP BUSINESS EFFICIENCY 165778 0 23218 0 0 0 5413 0 15088 0 209497 0 0 0 LORI GREENE VP PROJECT MANAGEMENT 155320 0 22294 0 0 0 7687 0 1412 0 186713 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A 457F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF MANAGEMENT. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING 2019: DEBORAH PERASON 457(F) DISTRIBUTIONS - $310,140 BRYAN NIELSON 457(F) DISTRIBUTIONS - $49,439 THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS FROM THIS PLAN DURING 2019: SEAN AZHADI - $38,426 MICHAEL BODEN - $28,255 MICHAEL EMANUELLI - $85,108 STEPHEN HODGSON - $83,232 BRIAN JOHNSON - $25,577 THOMAS MITCHELL - $20,063 BRYAN NIELSEN - $28,830 DEBORAH PEARSON - $78,406 RICHARD REEDY - $108,122 MARK TABER - $26,773 LAURA WORZELLA - $72,926 DAVE DOSS - $291,500 PART II, COLUMN C THE CREDIT UNION HAS A DEFINED BENEFIT PLAN AND THE ANNUAL INCREASE OR DECREASE IN ACTUARIAL VALUE HAS BEEN REPORTED IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 1 THE BOARD SHALL APPOINT A STANDING EXECUTIVE COMMITTEE TO ACT FOR IT AS PERMITTED AND AUTHORIZED BY APPLICABLE LAW. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE SHALL MEET AS OFTEN AS NECESSARY. THE EXECUTIVE COMMITTEE SHALL MEET WHEN CALLED INTO SESSION BY THE CHAIRPERSON OR ANY TWO (2) OTHER MEMBERS OF THE COMMITTEE. THREE (3) MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM TO TAKE ACTION. THE DUTIES OF THE EXECUTIVE COMMITTEE SHALL BE: (1) TO ESTABLISH, JOINTLY WITH THE PRESIDENT/CEO FOR RECOMMENDATION TO THE BOARD, THE ANNUAL GOALS AND OBJECTIVES THE CREDIT UNION, (2) TO REVIEW AND REPORT TO THE BOARD ON THE PRESIDENT//CEO'S PERFORMANCE AND SALARY; (3) TO ACT FOR THE BOARD, SUBJECT TO ITS RATIFICATION, ON MATTERS OF URGENCY WHEN A MEETING OF THE BOARD CANNOT BE CONVENED IN TIME; AND (4) TO PERFORM ANY OTHER FUNCTION DEEMED USEFUL, SUBJECT TO THE BOARD'S RATIFICATION. AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE, EACH DIRECTOR PRESENT SHALL HAVE ONE VOTE ON ANY MATTER AND EXCEPT AS OTHERWISE PROVIDED BY APPLICABLE LAW OR THESE BYLAWS, THE ACTION OF A MAJORITY OF EXECUTIVE COMMITTEE MEMBERS AT A MEETING SHALL BE THE ACT OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 ONEAZ CREDIT UNION IS OWNED BY THE MEMBERS WHO BANK WITH US. EACH MEMBER HOLDS ONE SHARE SAVINGS ACCOUNT WITH A MINIMUM DEPOSIT OF $5. PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS CONSISTS OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN ONE OF THE FIFTEEN ARIZONA COUNTIES. 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 THE BOARD OF DIRECTORS ARE NOMIMATED FROM THE GENERAL MEMBERSHIP THROUGH THE FOLLOWING PROCESS: NOTICE OF THE ANNUAL ELECTION IS COMMUNICATED TO EACH MEMBER; INTERESTED MEMBERS SUBMIT AN APPLICATION; A BOARD APPOINTED NOMINATING COMMITTEE SCREENS AND INTERVEIWS CANDIDATES TO RECOMMEND FOR THE BALLOT; ELECTRONIC VOTING IS OPENED TO MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ORGANIZATIONAL ITEMS, SUCH AS CHARTER, MERGER, OR BOARD GOVERNANCE ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FILING OF FORM 990 HAS BEEN DELIGATED TO MANAGEMENT. AS SUCH, INPUTS ARE COMPILED BY ACCOUNTING AND HR STAFF; REVIEWED BY THE EVP CFO & COO AND PROVIDED TO OUR OUTSORCED ACCOUNTING FIRM FOR COMPLETION OF THE FORM 990. PRIOR TO FILING THE FINAL FORM 990, IT IS REVIEWED BY THE EVP CFO & COO AND SHARED WITH THE CEO. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION MONITORS AND ENSURES CONFLICT OF INTEREST COMPLIANCE THROUGH BOTH PREVENTATIVE AND DETECTIVE CONTROLS EMBEDED IN PROCEDURES SUCH AS HUMAN RESOURCES HIRING, THIRD-PARTY VENDOR MANAGEMENT AND LOAN APPLICATIONS AND UNDERWRITING PROCESSES. ANNUALLY A WRITTEN ACKNOWLEDGEMENT BY EACH ASSOCIATE AND VOLUNTEER DOCUMENTING THEIR UNDERSTANDING AND COMPLIANCE WITH THE CODE OF CONDUCT AND BUSINESS ETHICS POLICY IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 WE ENGAGE CREDIT UNION COMPENSATION EXPERTS TO DETERMINE SALARY RANGES AND MARKET PRICING FOR THE PHOENIX AREA FOR ALL EMPLOYEES, INCLUDING THE CEO AND EXECUTIVE OFFICERS. SALARY RANGES ARE REVIEWED EVERY YEAR TO ENSURE MARKET EQUITY IS IN LINE WITH OUR "TOTAL COMPENSATION" PHILOSOPHY. WE ALSO COMPLETE COMPENSATION SURVEYS WITH OTHER COMPENSATION ANALYSTS TO ENSURE A BROADER SAMPLING. THIRD-PARTY AND INDUSTRY EXPERT ANALYSIS AROUND SALARY AND COMPENSATION ARE PROVIDED ANNUAL BY THE CHIEF ADMINISTRATION OFFICER TO THE BOARD BUDGET COMMITTEE AND THE BOARD COMPENSATION COMMITTEE. THESE TWO BOARD COMMITTEES THEN MAKE RECOMMENDATIONS TO THE FULL BOARD FOR APPROVAL OF ACCEPTING THE RANGES PRESENTED BASED ON THE DATA, ENSURING COMPENSATION IS IN LINE WITH THE MARKET AND THE CREDIT UNION "TOTAL COMPENSATION" PHILOSOPHY. ALL DISCUSSIONS & DECISIONS ARE DOCUMENTED IN MEETING MINUTES. CEO COMPENSATION IS SET AND APPROVED BY THE COMPENSATION COMMITTEE AND BOARD OF DIRECTORS BASED ON THE THIRD-PARTY NATIONAL, REGIONAL AND LOCAL COMPENSATION DATA PROVIDING SALARY RANGES AND OTHER RELATIVE DATA POINTS AROUND TOTAL COMPENSATION AND BENEFITS OVERALL. EXECUTIVE OFFICER COMPENSATION IS DELEGATED FROM THE BOARD OF DIRECTORS TO THE CEO AND IS SET IN CONSULTATION WITH CHIEF ADMINISTRATION OFFICER BASED ON THIRD-PARTY NATIONAL, REGIONAL AND LOCAL COMPENSATION DATA PROVIDING SALARY RANGES AND OTHER RELATIVE DATA POINTS AROUND TOTAL COMPENSATION AND BENEFITS OVERALL AND THE BOARD'S APPROVAL OF THE ANNUAL OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 19 REGULATORY FINANCIAL REPORTS PROVIDED BY NCUA.GOV ARE PROVIDED UPON REQUEST. THE CREDIT UNION ALSO POSTS A COPY OF THE MONTHLY STATEMENT OF FINANCIAL CONDITION IN ALL OF THE BRANCHES. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PENSION PLAN ASSETS -559,064. ARIZONA FINANCIAL NETWORK LLC 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 481267437 INSURANCE BROKERAGE AZ 0 2500 ONEAZ CREDIT UNION ONEAZ COMMUNITY FOUNDATION INC 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 PHILANTRROPIC,EDUCATIONAL,CHARITABLE ACTIVITIES AIMED AT AZ COMMUNITIES. AZ 501 (C)(3) LINE 10 ONEAZ CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 ONEAZ COMMUNITY FOUNDATION B 217064 FAIR VALUE