2020-10-14T18:02:07-05:00 2019-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2019-01-01 860098350 ARIZONA CENTRAL CREDIT UNION ARIZ 6022646421 2020 N CENTRAL AVENUE NO 1200 PHOENIX AZ 85004 GREG HARDEN CEO 6022646421 2020-10-08 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2020-10-08 22:18:42 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2021-04-22 16:20:28Z GREG HARDEN 2020 N CENTRAL AVENUE PHOENIX AZ 85004 57675556 0 2111 X WWW.AZCENTRALCU.ORG X 1939 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 7 7 239 10 51252 -50051 0 0 25301976 28171166 1239338 6028643 6981048 4594581 33522362 38794390 0 0 0 0 12695546 13666390 0 0 0 19303336 18043614 31998882 31710004 1523480 7084386 497872823 525110049 459485075 477158889 38387748 47951160 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS THAT ARE BOTH PAPER (CHECK) AND ELECTRONICALLY (WEB, MOBILE, CARD SERVICES) BASED. IT ALSO PROVIDES SAVING AND CERTIFICATE OF DEPOSIT ACCOUNTS. IN ADDITION, IT PROVIDES CONSUMER LOANS AND BUSINESS LOANS OVER A PORTFOLIO OF PRODUCTS, ALL OF WHICH ARE FOR EXEMPT FUNCTION ACTIVITIES TO ITS 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 9454 0 1 239 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X GREG HARDEN 6025238253 2020 N CENTRAL AVENUE SUITE 1200 PHOENIX AZ 85004 STEPHANIE MCQUILLAN TREASURER 10.00 X 7300 0 0 BRYAN RACZYNSKI BOD MEMBER 10.00 X 6000 0 0 LARRY PFEIFFER BOD CHAIR 10.00 X 9600 0 0 SANDY WATTS SECRETARY 10.00 X 8100 0 0 PATRICK HUSTON BOD MEMBER 10.00 X 6000 0 0 TED DWYER TREASURER 10.00 X 6800 0 0 MARK DENKE VICE CHAIR 10.00 X 8100 0 0 TODD PEARSON CEO 40.00 X 377367 0 50092 GREGORY HARDEN CFO 40.00 X 202077 0 25032 JANET MOODIE SVP COO 40.00 X 172679 0 47851 JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE O 40.00 X 172881 0 24262 LISA WILMOT DIR. MORTGAGE OPERATIONS 40.00 X 173194 0 17701 MICHAEL NEILL VP OF FINANCE 40.00 X 124955 0 10513 BRONWYN MEDLEY CHIEF MARKETING OFFICER 40.00 X 136227 0 11120 STEVE TUSTIN SR. MORTGAGE LOAN ORIGINATOR 40.00 X 151473 0 20912 YVETTE CLAY VP OF LENDING 40.00 X 135430 0 5148 1698183 0 212631 9 0 1 0 DBSI 6950 W MORELOS PLACE CHANDLER AZ 85226 CONSTRUCTION 964161 2020 CENTRAL SPE PO BOX 80588 INDUSTRY CA 91716 COMMUNICATIONS 881704 FISERV PO BOX 80123 INDUSTRY CA 91716 SYSTEM SUPPORT 613904 ACKER ADVERTISEMENT 4960 S GILBERT RD SUITE 1-523 CHANDLER AZ 85249 ADVERTISING 335929 CENTURYLINK PO BOX 52187 PHOENIX AZ 85072 PHONE/INTERNET SERVICES 301340 13 INTEREST ON LOANS 522100 22236971 22236971 FEES & SERVICE CHARGES 522100 5882943 5882943 UNRELATED BUSINESS INCOME 900099 51252 51252 28171166 1178510 1178510 343855 0 343855 343855 343855 23731299 18881166 4850133 4850133 4850133 OTHER 522100 4250726 4250726 4250726 38794390 38743138 51252 0 X 1124141 9878440 495229 1377269 791311 70234 66686 423059 1635639 2487372 3490494 1484742 110310 42769 1215402 1133696 155449 PROVISION FOR LOAN LOSS 2491952 LOAN SERVICING 2102428 MISCELLANEOUS 583866 MAINTENANCE AND REPAIRS 313042 236474 31710004 6324013 5267646 1837838 31363422 226817 600933 397558361 413460083 1010866 494621 29610542 16241505 29998666 13369037 49145374 41585027 2083100 2081000 9687788 16888280 497872823 525110049 5542649 12439568 7820476 13002833 446121950 451716488 459485075 477158889 X 0 0 0 0 38387748 47951160 38387748 47951160 497872823 525110049 X 7084386 2625620 -146594 X X 0 1 X 1 0 4146182 4146182 11032020 4194902 6837118 256020 256006 14 13948041 11656367 2291674 228279 134230 94049 13369037 SHARE DRAFTS 94233219 SHARES 147003264 MONEY MARKET 126184965 IRA SHARES 14507946 BUSINESS 21815014 SHARE AND IRA CERTIFICATES 47972080 451716488 X 40637214 1842824 1842824 38794390 0 38794390 31710004 0 31710004 0 31710004 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (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 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 THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) 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 DETERMINE THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST OR 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 THEN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X 1 1 X X 0 0 0 TODD PEARSON CEO 355144 0 13223 0 9000 0 8106 0 41986 0 427459 0 0 0 GREGORY HARDEN CFO 186654 0 8223 0 7200 0 8254 0 16778 0 227109 0 0 0 JANET MOODIE SVP COO 160190 0 7228 0 5261 0 7539 0 40312 0 220530 0 0 0 JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE O 160190 0 7430 0 5261 0 7552 0 16710 0 197143 0 0 0 LISA WILMOT DIR. MORTGAGE OPERATIONS 85982 0 87212 0 0 0 8619 0 9082 0 190895 0 0 0 STEVE TUSTIN SR. MORTGAGE LOAN ORIGINATOR 47796 0 103677 0 0 0 7221 0 13691 0 172385 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT EVERY TWO YEARS THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT EVERY TWO YEARS THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ASSOCIATION DUES 151,094. TRAINING 85,380. FORM 990, PART XI, LINE 9: RECLASSIFICATION FOR AMORTIZED PENSION LOSSES INCLUDED IN NET INCOME 148,041. NET PENSION LOSSES -294,635. 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.