2019-11-15T15:53:19-06:00 2018-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2018-01-01 840417233 SUNWEST EDUCATIONAL CREDIT UNION SUNW 7195610804 4141 SOVEREIGN CIRCLE PUEBLO CO 81005 AMY GALASSINI VICE PRESIDENT 7195610804 2019-11-15 1 NAZANIN BENYAMINI P00666808 3104773924 2019-11-15 206.169.119.90 2019-11-15 08:02:50 PS P 16216757E1C7F4A8F017F34A363BE11F9E52B7F0 473640FDEF1A3D62FD5FF4A66A11C4C3FE58B581 2018 2020-04-17 16:48:07Z SUNWEST CREDIT UNION JANICE MEHLE 4141 SOVEREIGN CIRCLE PUEBLO CO 81005 6182911 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 MEMBER'S INFORMATION SAFE AND SECURE. 7 2 45 10 11968 -169 0 0 4923267 5342197 537477 755529 48990 66785 5509734 6164511 0 0 0 0 1762487 1938095 0 0 0 2665509 2785261 4427996 4723356 1081738 1441155 127845826 136277205 115606106 122665077 12239720 13612128 X 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 MEMBER'S 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 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 2904 0 1 45 1 1 1 0 0 0 0 0 0 0 0 0 X 7 2 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X AMY GALASSINI 7195610804 4141 SOVEREIAN CIRCLE PUEBLO CO 81005 GLORIA SANTISTEVAN-FEEBACK BOARD CHAIRPERSON 5.00 X 1189 0 0 DAVID NICCOLI BOARD VICE CHAIRPERSON 3.00 X 1019 0 0 FRED INGO BOARD SECRETARY 3.00 X 1116 0 0 HENRY ROMAN BOARD TREASURER 3.00 X 992 0 0 WARREN CURTIS BOARD MEMBER 3.00 X 0 0 0 JACK PECORARO BOARD MEMBER 3.00 X 1093 0 0 FRANK ZERFAS BOARD MEMBER 3.00 X 0 0 0 JANICE MEHLE PRESIDENT/CEO 45.00 X 127645 0 12173 LESLIE SHEPARD SENIOR VICE PRESIDENT 45.00 X 82984 0 11059 AMY GALASSINI VICE PRESIDENT OF FINANCE 45.00 X 83542 0 10502 ALEXANDER KRINSKY VICE PRESIDENT OF IT 45.00 X 24377 0 996 MICHAEL SHOAF VICE PRESIDENT OF LENDING 45.00 X 75031 0 1569 JOHN COLEMAN THRU 83118 VICE PRESIDENT OF IT 45.00 X 70810 0 7602 469798 0 43901 1 0 0 0 FIDELITY NATIONAL INFORMATION SERVICES 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 CARD SERVICES 214968 JACK HENRY & ASSOCIATES INC 663 W HWY 60 MONETT MO 65708 INFORMATION SERVICES 150822 CU DIRECT CORPORATION 2855 GUASTI ROAD SUITE 500 ONTARIO CA 91761 LOAN SYSTEMS 133799 CORSENTINO CONSTRUCTION INC 1989 ASPEN CIRCLE PUEBLO CO 81006 CONSTRUCTION 108524 4 INTEREST INCOME/LOANS 522130 4048910 4048910 OTHER INCOME 522130 819246 819246 FEE INCOME 522130 474041 474041 5342197 773929 773929 54817 0 54817 54817 54817 18400 -18400 -18400 -18400 NON-MEMBER ATM FEES 522130 11968 11968 11968 6164511 5342197 11968 810346 X 513699 1094551 42071 155965 131809 44758 11828 13875 726286 276636 319411 165985 53832 147649 43294 DIVIDEND AND INTEREST E 482028 PROVISION FOR LOAN LOSS 317131 LOAN SERVICING 102122 MISCELLANEOUS 67577 12849 4723356 1132164 952279 32436780 11068264 3320 77096866 90118648 173230 224916 7076963 3750019 3159733 3326944 10838615 1601058 28316118 1404060 2270036 127845826 136277205 641285 793786 201407 224950 114763414 121646341 115606106 122665077 X 0 0 0 0 12239720 13612128 12239720 13612128 127845826 136277205 1441155 -68747 0 X X 0 0 0 1 201407 494479 470936 224950 1 X 1055787 1055787 3282627 1347798 1934829 2452804 2135157 317647 285745 267064 18681 3326944 OTHER INVESTMENTS 28316118 C 28316118 MEMBER SHARE AND DEPOSIT ACCOUNTS 121646341 121646341 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 4 THE WAY THE CREDIT UNION NAME IS DISPLAYED WAS MODIFIED TO PUEBLO TEACHERS' CREDIT UNION AKA SUNWEST EDUCATIONAL CREDIT UNION AKA SUNWEST CREDIT UNION. THE NAME UNDER WHICH THE ENTITY WILL CONDUCT BUSINESS IS NOW SUNWEST CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 MEMBER OWNED, NOT FOR PROFIT FINANCIAL INSTITUTION - STATE CHARTERED CREDIT UNION 11,810 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 15A THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT/CEO, USING AVAILABLE COMPARABILITY DATA, INCLUDING COMPENSATION SURVEYS. 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 2018. 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 COMPUTER FEES 104,483. ATM FEES 317,945. OTHER PROFESSIONAL 303,858. FORM 990, PART XII, LINE 2: THE CREDIT UNION HAS ENGAGED AN AUDIT FIRM TO CONDUCT AN AGREED-UPON PROCEDURES ENGAGEMENT FOR THE PERIOD OF JULY 1, 2018 THROUGH JUNE 30, 2019. THE ENGAGEMENT WILL MEET THE MINIMUM REQUIREMENTS ESTABLISHED BY PART 715 OF THE NCUA RULES AND REGULATIONS.