2020-09-23T15:26:17-07:00 2019-12-31 990 2019-01-01 840417233 SunWest Educational Credit Union SUNW 7195610804 4141 Sovereign Circle Pueblo CO 81005 Amy Galassini Vice President 7195610804 2020-09-23 50.243.158.41 2019 2022-02-16 14:24:37Z SunWest Credit Union Janice Mehle 4141 Sovereign Circle Pueblo CO 81005 7249507 0 X www.sunwestecu.com X 1935 CO SunWest will offer a comprehensive range of superior financial services, build and retain sufficient capital to promote growth and offer the best possible return to its members, proactively build member financial education, add value to our community through active participation and protect and keep our members' information safe and secure. 7 7 42 10 8770 -3107 0 0 5342197 6313554 755529 847741 66785 64430 6164511 7225725 0 0 0 0 1938095 2095812 0 0 0 2785261 3434989 4723356 5530801 1441155 1694924 136277205 149835995 122665077 134341580 13612128 15494415 SunWest Credit Union will offer a comprehensive range of superior financial services, build and retain sufficient capital to promote growth and offer the best possible return to its members, proactively build member financial education, add value to our community through active participation and protect and keep our members' information safe and secure. 0 0 Assist members in defining and achieving their financial goals by offering a comprehensive range of superior financial services, while maintaining sufficient capital to promote growth and provide excellent service and the best possible return to the members. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3127 0 1 42 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X Amy Galassini 7195610804 4141 Sovereign Circle Pueblo CO 81005 Janice Mehle President/CEO 45 X 134206 0 12248 Alexander Krinsky Vice President of IT 45 X 95529 0 11707 Amy Galassini Vice President of Finance 45 X 87320 0 10465 Leslie Shepard Senior Vice President 45 X 85132 0 10992 Michael Shoaf Vice President of Lending 45 X 82750 0 1660 Jack Pecoraro Board Member 3 X 0 0 0 David Niccoli Board Vice-Chairperson 3 X 0 0 0 Henry Roman Board Treasurer 3 X 0 0 0 Gloria Santistevan-Feeback Board Chairperson 5 X 0 0 0 Fred Ingo Board Secretary 3 X 0 0 0 Warren Curtis Board Member 3 X 0 0 0 Frank Zerfas Board Member 3 X 0 0 0 484937 0 47072 1 0 0 0 HW Houston Construction 210 S Victoria Avenue Pueblo CO 81003 Construction 1116069 Fidelity National Information Services Inc 601 Riverside Ave Jacksonville FL 32204 Card Services 236284 Jack Henry & Associates Inc 663 W Hwy 60 Monett MO 65708 Information Services 181359 3 0 Interest Income/Loans 522130 4838141 4838141 0 0 Other Income 522130 929088 929088 0 0 Fee Income 522130 546325 546325 0 0 0 0 0 0 6313554 871523 0 0 871523 0 0 0 0 0 0 0 0 55660 0 0 0 55660 0 55660 0 0 55660 0 0 0 23782 0 -23782 -23782 0 0 -23782 Non-Member ATM Fees 522130 8770 0 8770 0 0 0 0 0 8770 7225725 6313554 8770 903401 X 0 0 0 0 531359 0 1219990 33337 173245 137881 0 8011 18500 0 0 49685 739305 304694 285453 298537 0 184004 47657 0 25202 14 0 176384 29496 Dividend and Interest Expense 768990 Provision for Loan Losses 284985 Loan Servicing 120601 Miscellaneous Expense 93471 5530801 0 0 0 952279 1349489 11068264 10328394 0 0 0 614 0 0 0 0 90118648 98261280 0 0 224916 133659 8434574 3857063 3326944 4577511 0 0 28316118 32818219 0 0 0 0 2270036 2366829 136277205 149835995 793786 576275 0 0 0 0 0 0 224950 243116 0 0 0 0 0 0 121646341 133522189 122665077 134341580 X 0 0 0 0 13612128 15494415 13612128 15494415 136277205 149835995 1694924 187363 0 0 0 0 X X 0 0 0 0 1 X 0 1055787 1055787 0 4584483 1436511 3147972 0 0 0 0 0 2506163 2149478 356685 0 288141 271074 17067 4577511 0 0 Other Investments 32818219 C 32818219 0 Member Share and Deposit Accounts 133522189 133522189 Schedule D, Part IV, Line 2b The escrow liability is for escrow accounts held for members who have mortgage loans with the credit union to pay property taxes and property insurance. Form 990, Part VI, Section A, Line 6 Member owned, not for profit financial institution - State Chartered Credit Union 11,400 members Form 990, Part VI, Section A, Line 7a An annual election is held for membership to elect the members of the board of directors. Any member in good standing over 18 years of age may run for an open position on the board that is vacated due to an expiring term or other circumstance which may create a vacancy. All members in good standing over 18 years of age are eligible to vote. Each member is entitled to only one vote. Form 990, Part VI, Section B, Line 11b A copy of the completed Form 990 is provided to each member of the board of directors upon completion. The vice president of finance is available to answer any questions. The 990 is then voted on and approved by a quorum of the board of directors prior to submission. Form 990, Part VI, Section B, Line 12c All employees and volunteers are required to disclose any conflict of interest on an annual basis. Conflicts of interest are determined at an executive/board level. Actual conflicts of interest are reviewed at an executive/board level. Annual disclosure statements must be signed by all employees and volunteers. Form 990, Part VI, Section B, Line 15 The board of directors determines compensation for the president/CEO, using available comparability data. The board of directors has granted the president/CEO authority to determine compensation for the other officers and key employees of the organization within the compensation budget. Compensation reviews are performed annually and were last conducted in 2019. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy and financial statements are available for inspection at the main office of the credit union upon request. Form 990, Part IX, Line 11g ATM Expenses $334,382, Card Services Expenses $312,867, Other Professional Fees $92,056 Form 990, Part XII The credit union has engaged an audit firm to conduct an agreed-upon procedures engagement for the period of July 1, 2019 through June 30, 2020. The engagement will meet the minimum requirements established by Part 715 of the NCUA Rules and Regulations.