DESERT FINANCIAL CREDIT UNION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- DESERT FINANCIAL CREDIT UNION (EIN 86-0096740)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-05
- IRS object ID
- 202533099349302203
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-05T11:01:31-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 994260840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8785 SW 165TH AVENUE SUITE 303 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33193 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860096740 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DESERT FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DESE | BusinessNameControlTxt |
| Phone | 6024337000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 NORTH 48TH STREET | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85034 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACKIE L BIGGS JR | PersonNm |
| Person Title | EXECUTIVE VP CFO | PersonTitleTxt |
| Phone | 6024337000 | PhoneNum |
| Signature | 2025-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AUBREY CLEGG | PreparerPersonNm |
| PTIN | P01076395 | PTIN |
| Phone | 3052328272 | PhoneNum |
| Preparation | 2025-10-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEFFREY D MESHEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 NORTH 48TH STREET | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85034 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $566,558,069 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.DESERTFINANCIAL.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 1592 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $12,253,635 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $326,626,922 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $372,871,667 | CYProgramServiceRevenueAmt |
| PY Investment Income | $106,694,825 | PYInvestmentIncomeAmt |
| CY Investment Income | $131,349,264 | CYInvestmentIncomeAmt |
| PY Other Revenue | $20,983,931 | PYOtherRevenueAmt |
| CY Other Revenue | $24,967,541 | CYOtherRevenueAmt |
| PY Total Revenue | $454,305,678 | PYTotalRevenueAmt |
| CY Total Revenue | $529,188,472 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,903,156 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,343,410 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $134,865,981 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $145,949,641 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $232,242,123 | PYOtherExpensesAmt |
| CY Other Expenses | $308,678,313 | CYOtherExpensesAmt |
| PY Total Expenses | $369,011,260 | PYTotalExpensesAmt |
| CY Total Expenses | $456,971,364 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $85,294,418 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $72,217,108 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,710,563,794 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,783,626,770 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,100,080,069 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,097,996,341 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $610,483,725 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $685,630,429 | NetAssetsOrFundBalancesEOYAmt |
| Mission | AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | 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. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 242438 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1592 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DESERT FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6024337000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 NORTH 48TH STREET | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85034 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| KEVIN HASKEW | |||||||||
| CHAIRPERSON | 1.00 | Yes (X) | $52,109 | $0 | $0 | ||||
| JEFFREY SMITH | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $47,910 | $0 | $0 | ||||
| LAURA WATSON | |||||||||
| TREASURER | 1.00 | Yes (X) | $43,653 | $0 | $0 | ||||
| JANET BIOLETTO | |||||||||
| SECRETARY | 1.00 | Yes (X) | $43,288 | $0 | $0 | ||||
| MATTHEW FEHLING | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $30,742 | $0 | $0 | ||||
| CLAUDETTE GRONSKI | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICHARD JOHNSON | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $30,888 | $0 | $0 | ||||
| CHRISTOPHER MINER | |||||||||
| VICE CHAIRPERSON | 1.00 | Yes (X) | $48,566 | $0 | $0 | ||||
| CARRIE YOUNG | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $34,000 | $0 | $0 | ||||
| DONNA FAGAN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $31,333 | $0 | $0 | ||||
| DAVID HAWKINS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $17,299 | $0 | $0 | ||||
| JEFFREY D MESHEY | |||||||||
| CEO | 40.00 | $2,279,550 | $0 | $58,674 | Yes (X) | ||||
| JACKIE L BIGGS JR | |||||||||
| EXECUTIVE VP CFO | 40.00 | $794,557 | $0 | $41,906 | Yes (X) | ||||
| RONDLE K AMSTUTZ | |||||||||
| EXECUTIVE VP | 40.00 | $989,172 | $0 | $53,664 | Yes (X) | ||||
| CATHLEEN GRAHAM | |||||||||
| EXECUTIVE VPS | 40.00 | $1,018,134 | $0 | $21,278 | Yes (X) | ||||
| ANDREA MOSHER | |||||||||
| CHIEF LENDING OFFICER | 40.00 | $493,155 | $0 | $57,219 | Yes (X) | ||||
| JEFFREY S BUTLER | |||||||||
| CEO - SWITCHTHINK SOLUTIONS | 1.00 | $0 | $1,038,365 | $52,464 | 40.00 | Yes (X) | |||
| LAURA WALLACE | |||||||||
| SVP CHIEF ENGAGE OFFICER | 40.00 | $554,393 | $0 | $38,098 | Yes (X) | ||||
| RONALD H PARKER | |||||||||
| COO - SWITCHTHINK SOLUTIONS | 1.00 | $0 | $572,138 | $28,889 | 40.00 | Yes (X) | |||
| THOMAS MARLOWE | |||||||||
| SVP OPERATIONS | 40.00 | $558,894 | $0 | $40,843 | Yes (X) | ||||
| PAUL WINTERMANTEL | |||||||||
| FINANCIAL ADVISOR II | 40.00 | $802,142 | $0 | $43,016 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,869,785 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,610,503 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $436,051 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 340 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FISERV INC | |||||
| PO BOX 20845 | DALLAS | TX | 75320 | ATM & BILLPAY | $7,732,252 |
| ANDERSON MOSS LLC DBA ANDERSON ADVERTIS | |||||
| 5800 EAST THOMAS RD 100 | SCOTTSDALE | AZ | 85251 | MARKETING | $4,716,354 |
| ALKAMI TECHNOLOGY INC | |||||
| DEPT 2223 PO BOX 122223 | DALLAS | TX | 75312 | DIGITAL BANKING PLATFORM | $2,940,343 |
| TEPCON CONSTRUCTION INC | |||||
| 2113 E RIO SALADO PKWY | TEMPE | AZ | 85288 | COMMERCIAL GENERAL CONTRACTOR | $2,738,073 |
| ARIZONA STATE UNIVERSITY | |||||
| 1551 S RURAL RD | TEMPE | AZ | 85281 | PARTNERSHIP, ROYALTIES, RENT | $2,645,243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 140 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN & LEASE INCOME | 522100 | $246,574,839 | $246,574,839 | |
| FEES & OTHER OPERATING INCOME | 522100 | $114,043,193 | $114,043,193 | |
| PROFESSIONAL, SCIENTIFIC, AND TEC | 540000 | $10,340,525 | $10,340,525 | |
| FINANCE & INSURANCE | 520000 | $1,913,110 | $1,913,110 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $372,871,667 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $123,536,151 | TotalRevenueColumnAmt |
| Exclusion | $123,536,151 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,193,782 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,216,446 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$22,664 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$22,664 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$22,664 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $36,318,784 | SecuritiesAmt |
| Other | $7,647,480 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $33,529,784 | SecuritiesAmt |
| Other | $2,623,367 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,789,000 | SecuritiesAmt |
| Other | $5,024,113 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,813,113 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,024,113 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,789,000 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER OPERATING INCOME | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $24,990,205 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,990,205 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $24,990,205 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $529,188,472 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $390,609,686 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $12,253,635 | UnrelatedBusinessRevenueAmt |
| Exclusion | $126,325,151 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,343,410 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,187,097 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,725,392 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,687,776 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,826,304 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,523,072 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $909,177 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $555,239 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,371,264 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,413,696 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,590,800 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,325,529 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,262,456 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,238,037 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,245,083 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,405,932 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,400 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,420,760 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,378,156 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DEBIT CARD/ATM | $17,791,583 |
| PROVISION FOR LOAN LOSS | $16,682,647 |
| REPAIRS & MAINTENANCE | $14,021,749 |
| FRAUD LOSSES | $3,459,434 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,068,371 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $456,971,364 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,973,370 | BOYAmt |
| EOY | $44,676,970 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $643,657,050 | BOYAmt |
| EOY | $411,410,360 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,187,979 | BOYAmt |
| EOY | $5,365,153 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,871,083 | BOYAmt |
| EOY | $99,589,211 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,980,283,976 | BOYAmt |
| EOY | $4,280,149,296 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,550,125 | BOYAmt |
| EOY | $11,887,362 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $167,363,416 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $107,479,583 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,080,668 | BOYAmt |
| EOY | $59,883,833 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,572,903,811 | BOYAmt |
| EOY | $3,589,641,708 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,834,813 | BOYAmt |
| EOY | $62,960,912 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,220,919 | BOYAmt |
| EOY | $218,061,965 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,710,563,794 | BOYAmt |
| EOY | $8,783,626,770 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,455,279 | BOYAmt |
| EOY | $131,745,355 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $600,000,000 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,306,624,790 | BOYAmt |
| EOY | $7,966,250,986 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,100,080,069 | BOYAmt |
| EOY | $8,097,996,341 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $610,483,725 | BOYAmt |
| EOY | $685,630,429 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $610,483,725 | BOYAmt |
| EOY | $685,630,429 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,710,563,794 | BOYAmt |
| EOY | $8,783,626,770 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $72,217,108 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,293,138 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $636,458 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,868,847 | OtherCostOrOtherBasisAmt |
| Book Value | $16,868,847 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $63,342,437 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,027,602 | DepreciationAmt |
| Book Value | $26,314,835 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,328,645 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,381,384 | DepreciationAmt |
| Book Value | $3,947,261 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $67,756,682 | OtherCostOrOtherBasisAmt |
| Depreciation | $56,895,239 | DepreciationAmt |
| Book Value | $10,861,443 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,066,805 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,175,358 | DepreciationAmt |
| Book Value | $1,891,447 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,883,833 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER SHARES | $7,963,194,519 |
| POST-RETIREMENT HEALTHCARE LIABILITY | $3,056,467 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,966,250,986 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $530,404,918 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $530,404,918 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$1,216,446 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$1,216,446 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $529,188,472 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $458,187,810 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,216,446 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,216,446 | ExpensesNotReportedAmt |
| Expenses Subtotal | $456,971,364 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $456,971,364 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENT EXPENSE INCURRED IN GENERATING RENTAL REVENUE IS REPORTED AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE IN FORM 990. -1,216,446. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENT EXPENSE INCURRED IN GENERATING RENTAL REVENUE IS REPORTED AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE IN FORM 990. 1,216,446. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (59 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A NEW LEAF | |||||||||||
| 2245 W ELLA STREET | MESA | AZ | 85201 | 860256667 | 501(C)(3) | $94,532 | $0 | GRANT, BOARD SERVICE DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| AMERICAN HEART ASSOCIATION | |||||||||||
| 1910 W UNIVERSITY DR STE 205 | TEMPE | AZ | 85281 | 135613797 | 501(C)(3) | $91,967 | $0 | BOARD SERVICE DONATION, DONATION, EVENT SPONSORSHIP, FUNDRAISING MATCH | |||
| ARIZONA EDUCATIONAL FOUNDATION | |||||||||||
| 2100 N CENTRAL AVE 212 | PHOENIX | AZ | 85004 | 942937109 | 501(C)(3) | $75,190 | $0 | EVENT SPONSORSHIP, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| ARIZONA HUMANE SOCIETY | |||||||||||
| 1521 W DOBBINS RD | PHOENIX | AZ | 85041 | 860135567 | 501(C)(3) | $7,810 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| ASIS INTERNATIONAL | |||||||||||
| 3104 E CAMELBACK RD 560 | PHOENIX | AZ | 850164502 | 530234507 | 501(C)(3) | $10,000 | $0 | ANNUAL SPONSORSHIP | |||
| ASSISTANCE LEAGUE OF PHOENIX | |||||||||||
| 9224 N 5TH STREET | PHOENIX | AZ | 85020 | 860193883 | 501(C)(3) | $40,620 | $0 | EVENT SPONSORSHIP, DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| ASU FOUNDATION | |||||||||||
| 300 E UNIVERSITY DR | TEMPE | AZ | 85281 | 866051042 | 501(C)(3) | $42,500 | $0 | BOARD SERVICE DONATION, EVENT SPONSORSHIP, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| BETTER BUSINESS BUREAU OF CENTRAL NORTHERN ARIZONA | |||||||||||
| 1010 E MISSOURI AVE | PHOENIX | AZ | 85014 | 860006552 | 501(C)(3) | $25,000 | $0 | BOARD SERVICE DONATION TO KIVA PHOENIX HUB | |||
| BIG BROTHERS BIG SISTERS OF CENTRAL ARIZONA | |||||||||||
| 4745 N 7TH ST 210 | PHOENIX | AZ | 85014 | 860205254 | 501(C)(3) | $5,040 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP | |||
| BILLY'S PLACE | |||||||||||
| 21448 N 75TH AVE SUITE 5 | GLENDALE | AZ | 85308 | 461308048 | 501(C)(3) | $56,745 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHILP | |||
| BOYS & GIRLS CLUB OF CENTRAL ARIZONA | |||||||||||
| 335 EAST AUBREY ST | PRESCOTT | AZ | 86303 | 860964489 | 501(C)(3) | $23,520 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| BOYS & GIRLS CLUB OF GREATER SCOTTSDALE | |||||||||||
| 10533 E LAKEVIEW DR | SCOTTSDALE | AZ | 85258 | 861033718 | 501(C)(3) | $48,505 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP | |||
| BOYS & GIRLS CLUB OF THE VALLEY | |||||||||||
| 4301 E BELLEVIEW ST BUILDING 14 | PHOENIX | AZ | 85008 | 860550646 | 501(C)(3) | $38,848 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| CANDELEN | |||||||||||
| 8222 S 48TH ST 120 | PHOENIX | AZ | 85044 | 860332919 | 501(C)(3) | $23,500 | $0 | GRANT, BOARD SERVICE DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| CATHOLIC CHARITIES COMMUNITY SERVICES INC | |||||||||||
| 434 W GURLEY STREET | PRESCOTT | AZ | 86301 | 860223999 | 501(C)(3) | $23,585 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| CHILDREN'S MUSEUM OF PHOENIX | |||||||||||
| 215 N SEVENTH STREET | PHOENIX | AZ | 85034 | 860934323 | 501(C)(3) | $16,535 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| DESERT FINANCIAL FOUNDATION | |||||||||||
| 148 N 48TH ST | PHOENIX | AZ | 85034 | 811028132 | 501(C)(3) | $278,251 | $114,324 | EVENT SPONSORSHIP, SCHOLARSHIPS, WORKPLACE GIVING MATCH | FAIR MARKET VALUE | GREENS FEES AND FOOD FOR GOLF OUTING; EVENT TICKETS AND RAFFLE PRIZES | |
| DIOCESAN COUNCIL FOR THE SOCIETY OF ST VINCENT DE PAUL | |||||||||||
| 420 W WATKINS ROAD | PHOENIX | AZ | 85003 | 860096789 | 501(C)(3) | $89,000 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, DONATION, GRANT, WORKPLACE GIVING MATCH, | |||
| FLAGSTAFF FAMILY FOOD CENTER | |||||||||||
| 1903 N 2ND ST | FLAGSTAFF | AZ | 86004 | 860754044 | 501(C)(3) | $25,110 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION | |||
| FREE ARTS OF ARIZONA | |||||||||||
| 352 E CAMELBACK RD | PHOENIX | AZ | 85012 | 860739613 | 501(C)(3) | $59,703 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, GRANT, WORKPLACE GIVING MATCH | |||
| FUTURE FOR KIDS | |||||||||||
| 1425 W SOUTHERN AVE 10A | TEMPE | AZ | 85282 | 861011434 | 501(C)(3) | $16,100 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| H A L O | |||||||||||
| 3227 E BELL RD STE D151 | PHOENIX | AZ | 85032 | 860832160 | 501(C)(3) | $5,355 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| HELPING HANDS FOR FREEDOM | |||||||||||
| 326 E CORONADO RD 103 | PHOENIX | AZ | 85004 | 263084550 | 501(C)(3) | $15,165 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION | |||
| HOUSE OF REFUGE | |||||||||||
| 6935 EAST WILLIAMS FIELD ROAD | MESA | AZ | 85212 | 860662244 | 501(C)(3) | $11,890 | $0 | EVENT SPONSORSHIP, DOLLARS FOR DOERS INCENTIVE PROGRAM, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| HOUSING SOLUTIONS OF NORTHERN ARIZONA | |||||||||||
| PO BOX 30134 | FLAGSTAFF | AZ | 86004 | 860732457 | 501(C)(3) | $25,020 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION | |||
| JOBS FOR ARIZONA GRADS | |||||||||||
| 3320 W CHERYL DRIVE SUITE B220 | PHOENIX | AZ | 85051 | 860669709 | 501(C)(3) | $24,200 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, | |||
| KEYS TO CHANGE | |||||||||||
| 204 S 12TH AVE | PHOENIX | AZ | 85007 | 463333160 | 501(C)(3) | $15,683 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, WORKPLACE GIVING MATCH | |||
| LAPTOPS 4 LEARNING | |||||||||||
| 2320 E BASELINE RD STE 148-117 | PHOENIX | AZ | 850426951 | 812833038 | 501(C)(3) | $28,500 | $0 | BOARD SERVICE DONATION, GRANT | |||
| LIVE & LEARN PROGRAM | |||||||||||
| 326 E CORONADO RD | PHOENIX | AZ | 85004 | 472086218 | 501(C)(3) | $18,500 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT | |||
| LIVE THE SOLUTION (DBA EARN TO LEARN) | |||||||||||
| 4803 EAST 5TH STREET 215 | TUCSON | AZ | 85711 | 261151754 | 501(C)(3) | $23,500 | $0 | GRANT | |||
| LOWELL OBSERVATORY | |||||||||||
| 1400 W MARS HILL RD | FLAGSTAFF | AZ | 86001 | 860098918 | 501(C)(3) | $21,000 | $0 | GRANT | |||
| MAKE-A-WISH FOUNDATION OF ARIZONA INC | |||||||||||
| 2901 NORTH 78TH STREET | SCOTTSDALE | AZ | 85251 | 860409636 | 501(C)(3) | $10,000 | $0 | FUNDRAISER | |||
| MCDOWELL SONORAN CONSERVANCY | |||||||||||
| 15300 N 90TH STREET SUITE 400 | SCOTTSDALE | AZ | 85260 | 860674350 | 501(C)(3) | $16,000 | $0 | GRANT | |||
| MIDWEST FOOD BANK | |||||||||||
| 725 E BASELINE RD | GILBERT | AZ | 85233 | 412120170 | 501(C)(3) | $25,000 | $0 | HOLIDAY DONATION | |||
| NASCAR FOUNDATION | |||||||||||
| ONE DAYTONA BOULEVARD | DAYTONA BEACH | AZ | 32114 | 300337745 | 501(C)(3) | $20,000 | $0 | CORPORATE GIFT | |||
| NATIVE AMERICAN CONNECTIONS | |||||||||||
| 4520 N CENTRAL AVE STE 600 | PHOENIX | AZ | 85012 | 860293585 | 501(C)(3) | $18,625 | $0 | GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, | |||
| NAU FOUNDATION | |||||||||||
| 620 S KNOLES | FLAGSTAFF | AZ | 860110001 | 860193726 | 501(C)(3) | $88,333 | $0 | EVENT SPONSORSHIPS, VENDOR PARTNERSHIP | |||
| NEW PATHWAYS FOR YOUTH | |||||||||||
| 901 E JEFFERSON ST | PHOENIX | AZ | 85034 | 860615007 | 501(C)(3) | $32,771 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, WORKPLACE GIVING MATCH, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| NORTHERN ARIZONA HEALTHCARE | |||||||||||
| PO BOX 1268 FLAGSTAFF | FLAGSTAFF | AZ | 860021268 | 742410946 | 501(C)(3) | $31,000 | $0 | CORPORATE GIFT | |||
| PHOENIX CHILDREN'S HOSPITAL FOUNDATION | |||||||||||
| 2929 E CAMELBACK RD 122 | PHOENIX | AZ | 85016 | 742421549 | 501(C)(3) | $116,815 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, GRANT, FUNDRAISING, WORKPLACE GIVING MATCH | |||
| PRESCOTT AREA SHELTER SERVICES | |||||||||||
| 117 W GOODWIN STREET | PRESCOTT | AZ | 86303 | 860048878 | 501(C)(3) | $15,055 | $0 | CORPORATE GIFT, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| PRESCOTT FARMERS MARKET | |||||||||||
| PO BOX 1853 | PRESCOTT | AZ | 86302 | 860931587 | 501(C)(3) | $7,500 | $0 | HOLIDAY DONATION | |||
| PRESCOTT UNIFIED SCHOOL DISTRICT FOUNDATION | |||||||||||
| 300 E GURLEY STREET | PRESCOTT | AZ | 86301 | 473380485 | 501(C)(3) | $21,500 | $0 | EVENT SPONSORSHIP, RANDOM ACT OF KINDNESS | |||
| QUEEN CREEK SCHOOLS EDUCATION FOUNDATION | |||||||||||
| 20217 EAST CHANDLER HEIGHTS ROAD | QUEEN CREEK | AZ | 85142 | 204222581 | 501(C)(3) | $10,000 | $0 | CORPORATE GIFT | |||
| SAVE THE FAMILY FOUNDATION OF ARIZONA | |||||||||||
| 125 E UNIVERSITY DR | MESA | AZ | 85201 | 860665712 | 501(C)(3) | $22,210 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT | |||
| SOJOURNER CENTER | |||||||||||
| PO BOX 20156 | PHOENIX | AZ | 85036 | 942465081 | 501(C)(3) | $5,115 | $0 | BOARD SERVICE DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM | |||
| SOUTHWEST AUTISM RESEARCH AND RESOURCE CENTER | |||||||||||
| 300 N 18TH STREET | PHOENIX | AZ | 85006 | 311496646 | 501(C)(3) | $29,835 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT | |||
| SOUTHWEST HUMAN DEVELOPMENT | |||||||||||
| 2850 N 24TH ST | PHOENIX | AZ | 85008 | 860407179 | 501(C)(3) | $23,996 | $3,505 | DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT, IN-KIND | SUPPLIES FOR READING BUDDIES AND LITTLE LIBRARY ACTIVITIES | ||
| ST MARY'S FOOD BANK ALLIANCE | |||||||||||
| 5800 N 19TH AVE SUITE 103 | PHOENIX | AZ | 85015 | 860600437 | 501(C)(3) | $15,681 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION, WORKPLACE GIVING MATCH | |||
| TELEVERDE FOUNDATION | |||||||||||
| 2800 N CENTRAL AVE 5TH FLOOR SUITE | PHOENIX | AZ | 85004 | 850535332 | 501(C)(3) | $6,000 | $0 | CORPORATE GIFT | 500 | ||
| THE BE KIND PEOPLE PROJECT FOUNDATION | |||||||||||
| 2301 E WASHINGTON ST | PHOENIX | AZ | 850341303 | 460720140 | 501(C)(3) | $18,600 | $0 | GRANT | |||
| THE FOSTER ALLIANCE | |||||||||||
| 3110 E THUNDERBIRD ROAD SUITE 100 | PHOENIX | AZ | 85032 | 860935988 | 501(C)(3) | $120,220 | $94,805 | BOARD SERVICE GIFT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, IN-KIND, WORKPLACE GIVING MATCH | SUPPLIES FOR BIKE BUILD AND NO-SEW BLANKETS | ||
| THE LAUNCH PAD TEEN CENTER | |||||||||||
| 302 GROVE AVENUE | PRESCOTT | AZ | 86301 | 465601468 | 501(C)(3) | $26,000 | $0 | CORPORATE GIFT, GRANT | |||
| THE LITERACY CENTER OF FLAGSTAFF | |||||||||||
| 2500 N ROSE ST STE 102 | FLAGSTAFF | AZ | 86004 | 860716673 | 501(C)(3) | $17,000 | $0 | EVENT SPONSORSHIP, GRANT | |||
| TYNKERTOPIA | |||||||||||
| 3330 E ELDER DRIVE | FLAGSTAFF | AZ | 86004 | 823860171 | 501(C)(3) | $28,580 | $0 | EVENT SPONSORSHIP, DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT | |||
| UNITED FOOD BANK | |||||||||||
| 245 S NINA DR | MESA | AZ | 85210 | 860505273 | 501(C)(3) | $25,795 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION | |||
| UNITED STATES VETERANS INITIATIVE | |||||||||||
| 3507 N CENTRAL AVE SUITE 200 | PHOENIX | AZ | 85012 | 954382752 | 501(C)(3) | $30,645 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY GIFTS, YEARS OF SERVICE INCENTIVE PROGRAM | |||
| VALLEY OF THE SUN UNITED WAY | |||||||||||
| 3200 E CAMELBACK RD SUITE 375 | PHOENIX | AZ | 85018 | 860104419 | 501(C)(3) | $80 | $21,046 | DOLLARS FOR DOERS INCENTIVE PROGRAM | BACKPACKS FOR CW7 BACK TO SCHOOL/STUFF THE BUS CAMPAIGN | ||
| YAVAPAI BIG BROTHERS BIG SISTERS | |||||||||||
| 3208 LAKESIDE VILLAGE | PRESCOTT | AZ | 86301 | 860278776 | 501(C)(3) | $16,500 | $0 | DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT, VOLUNTEER OF THE YEAR DONATION | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 59 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE I, PART II | FormAndLineReferenceDesc |
| Explanation | MOST OF THE DONATIONS LISTED IN PART II ARE CHARITABLE CONTRIBUTIONS. CHARITABLE CONTRIBUTIONS ARE PROVIDED TO ORGANIZATIONS THAT ALIGN WITH OUR SOCIAL IMPACT ISSUES. DESERT FINANCIAL CREDIT UNION CONSIDERS THE FOLLOWING REQUESTS: -PROGRAM SUPPORT FUNDS TO SUPPORT THE IMPLEMENTATION OF PROGRAMS AND SERVICES -SPONSORSHIP FUNDS TO SUPPORT VOLUNTEER OR CHARITABLE EVENT OPPORTUNITIES FUNDING PRIORITIES INCLUDE: -EDUCATION: SUPPORT EDUCATIONAL INITIATIVES AND PROGRAMS THAT FOCUS ON THE FOLLOWING AREAS: -INCREASED ACADEMIC SUCCESS -POST-SECONDARY EDUCATION -TEACHER APPRECIATION AND RESOURCE SUPPORT CHILDREN & YOUTH DEVELOPMENT: ADDRESSES PROGRAMS THAT WORK WITH CHILDREN AND YOUTH AT-RISK DUE TO SOCIOECONOMIC FACTORS. PROGRAMS THAT WOULD FALL UNDER THIS CATEGORY WILL PROVIDE ONE OR BOTH OF THE FOLLOWING: -OPPORTUNITIES FOR YOUTH & WORKFORCE DEVELOPMENT -BASIC NEEDS SUPPORT (SCHOOL CLOTHING, SUPPLIES, ETC.) -MENTORING -TRAUMA INFORMED CARE & HEAL FINANCIAL WELLNESS: HELP IMPROVE FINANCIAL STABILITY THROUGH THE DISTRIBUTION OF EDUCATION AND RESOURCES. FUNDING WILL BE PROVIDED TO PROGRAMS THAT SHARE FINANCIAL RESOURCES WITH ITS CLIENTS AND MAY INCLUDE: -FINANCIAL WELLNESS EDUCATION, INCLUDING EMPLOYMENT SUPPORT, BUDGETING, SAVINGS, CREDIT AND DEBT AWARENESS, AND MORE SOCIAL SERVICES, POVERTY, & HOMELESSNESS: IMPROVING RESOURCE ACCESS FOR ARIZONA COMMUNITIES FOCUSED ON CRITICAL SERVICES SUCH AS: -HUNGER AND FOOD INSECURITY -TRANSITION TO RELIABLE HOUSING AND PERMANENT SUPPORTIVE HOUSING SOLUTIONS -ACCESS TO MENTAL HEALTH AND PHYSICAL HEALTH SERVICES NONPROFIT PARTNERS ARE GRANTED THROUGHOUT MARICOPA, YAVAPAI, AND COCONINO COUNTIES ANNUALLY BASED ON THEIR EXISTING RELATIONSHIP (VOLUNTEERING, PRIOR GIVING, AND ENGAGEMENT WITHIN OUR FINANCIAL WELL-BEING EDUCATION INITIATIVES), OPERATIONAL SOUNDNESS, CRITICAL NEED AND WHETHER OR NOT THE NONPROFIT RECEIVED SUPPORT THROUGH OTHER INITIATIVES SUPPORTED BY THE CREDIT UNION. TO MAXIMIZE OUR IMPACT, WE FOCUSED OUR GRANT GIVING SPECIFICALLY ON EDUCATIONAL INITIATIVES AND PROGRAMS THAT ARE BEING IMPLEMENTED BY OUR NONPROFIT PARTNERS. ACCORDING TO ARIZONA DEPARTMENT OF EDUCATION'S COVID IMPACT CENTER, ACADEMIC PROFICIENCY IN SCHOOLS IS DOWN ACROSS ALL AGE GROUPS, COMPARED TO 2019, WITH MORE SIGNIFICANT GAPS WITH NATIVE AMERICAN, AFRICAN AMERICAN, AND HISPANIC STUDENTS. ARIZONA'S HIGH SCHOOL COMPLETION RANKS IN THE BOTTOM QUARTILE OF THE UNITED STATES, AND AT THIS RATE, ONLY 16% OF TODAY'S 9TH GRADERS WILL GRADUATE FROM A FOUR-YEAR COLLEGE BY 2029. A FOCUS IN EDUCATION ALLOWED US TO DRILL DOWN IN THIS IMPACT AREA WHILE ALLOWING FOR A VARIETY OF SUPPORT RANGING FROM K-12 EDUCATION, TECHNOLOGY ACCESS, CRITICAL SKILLS DEVELOPMENT, HIGHER EDUCATION, AND MORE. THIS COULD ALSO INCLUDE SERVICES THAT ADVANCE EDUCATIONAL OUTCOMES, INCLUDING MENTORING PROGRAMS, FOOD DISTRIBUTION IN SCHOOLS, & AFTER-SCHOOL PROGRAMS, AMONG OTHERS. THAT INCLUDED AN APPLICATION PROCESS WHEREBY A SELECT GROUP OF EXISTING NONPROFIT PARTNERS WERE INVITED TO SUBMIT A REQUEST FOR FINANCIAL SUPPORT. THE GRANT APPLICATION REQUIRED THAT NONPROFITS PROVIDE THE FOLLOWING: 1. DESCRIPTION OF THE EDUCATIONAL PROGRAM THE NONPROFIT IS SEEKING FUNDS FOR 2. THE NEED OR PROBLEM THAT THE ORGANIZATION ADDRESSES 3. POPULATIONS SERVED AND HOW MANY PEOPLE WILL BE SERVED IF THE FULL REQUESTED FUNDING AMOUNT IS AWARDED 4. ADDITIONAL FUNDING SOURCES SOUGHT 5. REQUESTED AMOUNT 6. CHALLENGES ADDRESSED WITH THE FUNDS 7. HOW THE PROGRAMS EFFECTIVENESS WILL BE EVALUATED | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEFFREY D MESHEY | ||||||||||||||
| CEO | $1,095,739 | $0 | $1,161,276 | $0 | $22,535 | $0 | $13,800 | $0 | $44,874 | $0 | $2,338,224 | $0 | $0 | $0 |
| JEFFREY S BUTLER | ||||||||||||||
| CEO - SWITCHTHINK SOLUTIONS | $0 | $588,796 | $0 | $443,118 | $0 | $6,451 | $0 | $13,800 | $0 | $38,664 | $0 | $1,090,829 | $0 | $0 |
| RONDLE K AMSTUTZ | ||||||||||||||
| EXECUTIVE VP | $585,986 | $0 | $393,004 | $0 | $10,182 | $0 | $13,800 | $0 | $39,864 | $0 | $1,042,836 | $0 | $0 | $0 |
| CATHLEEN GRAHAM | ||||||||||||||
| EXECUTIVE VPS | $613,923 | $0 | $393,388 | $0 | $10,823 | $0 | $3,830 | $0 | $17,448 | $0 | $1,039,412 | $0 | $0 | $0 |
| PAUL WINTERMANTEL | ||||||||||||||
| FINANCIAL ADVISOR II | $795,934 | $0 | $960 | $0 | $5,248 | $0 | $13,800 | $0 | $29,216 | $0 | $845,158 | $0 | $0 | $0 |
| JACKIE L BIGGS JR | ||||||||||||||
| EXECUTIVE VP CFO | $554,975 | $0 | $230,926 | $0 | $8,656 | $0 | $13,800 | $0 | $28,106 | $0 | $836,463 | $0 | $0 | $0 |
| RONALD H PARKER | ||||||||||||||
| COO - SWITCHTHINK SOLUTIONS | $0 | $338,043 | $0 | $232,697 | $0 | $1,398 | $0 | $5,673 | $0 | $23,216 | $0 | $601,027 | $0 | $0 |
| THOMAS MARLOWE | ||||||||||||||
| SVP OPERATIONS | $367,808 | $0 | $189,773 | $0 | $1,313 | $0 | $13,800 | $0 | $27,043 | $0 | $599,737 | $0 | $0 | $0 |
| LAURA WALLACE | ||||||||||||||
| SVP CHIEF ENGAGE OFFICER | $351,381 | $0 | $193,784 | $0 | $9,228 | $0 | $7,199 | $0 | $30,899 | $0 | $592,491 | $0 | $0 | $0 |
| ANDREA MOSHER | ||||||||||||||
| CHIEF LENDING OFFICER | $377,138 | $0 | $114,404 | $0 | $1,613 | $0 | $13,800 | $0 | $43,419 | $0 | $550,374 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT: JEFFREY D. MESHEY RONDLE K. AMSTUTZ CATHLEEN GRAHAM JACKIE L. BIGGS, JR. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| JEFFREY D MESHEY | |||||||
| CEO | SEE PART V | Yes (X) | $24,776,327 | $26,087,858 | 0 | Yes (1) | Yes (1) |
| CATHLEEN GRAHAM | |||||||
| EXECUTIVE VPS | SEE PART V | Yes (X) | $24,277,872 | $24,316,682 | 0 | Yes (1) | Yes (1) |
| RONDLE K AMSTUTZ | |||||||
| EXECUTIVE VP | SEE PART V | Yes (X) | $17,698,042 | $18,051,424 | 0 | Yes (1) | Yes (1) |
| JEFFREY D MESHEY | |||||||
| CEO | SEE PART V | Yes (X) | $21,190,448 | $20,577,688 | 0 | Yes (1) | Yes (1) |
| JACKIE L BIGGS JR | |||||||
| EXECUTIVE VP CFO | SEE PART V | Yes (X) | $10,517,089 | $10,555,559 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $99,589,211 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCH L, PART II | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN THE LOAN SECTION OF SCHEDULE L, CASD IS NOT A LOAN BECAUSE NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS, THE CREDIT UNION RECOVERS ALL ITS OUTLAYS PLUS INTEREST. THE RECOVERY RIGHT IS A KEY ADVANTAGE OF CASD FOR THE CREDIT UNION. RATHER THAN PAYING RETIREMENT BENEFITS TO THE EXECUTIVE THAT WOULD NEVER BE RECOVERED, UNDER CASD THE CREDIT UNION RECOVERS NOT ONLY ITS OUTLAYS BUT ALSO CONSIDERATION FOR THE TIME VALUE OF MONEY. THE CASD PLAN WORKS AS FOLLOWS: THE CREDIT UNION DEPOSITS FUNDS INTO CASH VALUE LIFE INSURANCE POLICIES ON THE EXECUTIVE'S LIFE. DURING LIFE, TO THE EXTENT THE EXECUTIVE FULFILLS SERVICE AND VESTING REQUIREMENTS, THE EXECUTIVE CAN BORROW AGAINST THE CASH SURRENDER VALUE TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE EXECUTIVE'S BORROWING RIGHTS ARE REDUCED TO PROTECT THE CREDIT UNION'S RECOVERY RIGHTS. AT THE EXECUTIVE'S DEATH, THE POLICY DEATH PROCEEDS ARE USED TO REPAY THE CREDIT UNION'S DEPOSITS PLUS COMPOUNDED INTEREST (AT THE IRS LONG-TERM APPLICABLE FEDERAL RATE). THE EXECUTIVE'S BENEFICIARY RECEIVES ANY PROJECTED RETIREMENT BORROWING THE EXECUTIVE DID NOT ACCESS DURING LIFE. ANY REMAINING DEATH PROCEEDS WILL BE PAID TO THE CREDIT UNION TO PROVIDE ADDITIONAL FUNDING FOR THE CREDIT UNION'S SUCCESSION PLANNING, CHARITABLE ACTIVITIES AND TO OFFSET EMPLOYEE BENEFIT EXPENSES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. |
| FORM 990, PART VI, SECTION A, LINE 7A | BOARD MEMBERS ARE ELECTED FOR THREE YEAR TERMS BY THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS MUST APPROVE MERGERS AND BY-LAW CHANGES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CEO, JEFFREY D. MESHEY AND THE EXECUTIVE VP CFO, JACKIE L. BIGGS, JR., WILL REVIEW FORM 990 BEFORE FILING AND PROVIDE A COPY TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES MUST DISCLOSE FINANCIAL OR OTHER BUSINESS RELATIONSHIPS THAT MAY CONSTITUTE A CONFLICT OF INTEREST. EMPLOYEES MUST ALSO OBTAIN PRIOR APPROVAL FROM THE CEO, EXECUIVE MANAGEMENT TEAM (EMT) AND GENERAL COUNSEL BEFORE ENGAGING IN OUTSIDE BUSINESS ACTIVITIES FOR COMPENSATION THAT OFFER COMPETING SERVICES TO DESERT FINANCIAL CREDIT UNION. HUMAN RESOURCES INVESTIGATES ALL REPORTS OF CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. HUMAN RESOURCES SUPPLIES MULTIPLE THIRD PARTY MARKET SURVEY RESULTS FOR THEIR COMPARABILITY DATA. TOP MANAGEMENT COMPENSATION IS DETERMINED BY THE CEO AND EMT AND UTILIZES MULTIPLE THIRD-PARTY MARKET SURVEY RESULTS FOR COMPARABILITY DATA. OTHER KEY EMPLOYEE COMPENSATION IS DETERMINED BY SENIOR MANAGMENT TEAM (SMT)/EMT LEADERS AND UTILIZE MULTIPLE THIRD PARTY MARKET SURVEY RESULTS FOR COMPARABILITY DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE PUBLISHED MONTHLY. ALL OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | LOAN SERVICING 2,875,009. MISCELLANEOUS 1,193,304. OREO EXPENSE 58. |
| FORM 990, PART XI, LINE 9: | AMORTIZATION OF NET GAINS/(LOSSES) IN CONNECTION WITH POST-RETIREMENT HEALTH BENEFIT PLAN -79,819. AMORTIZATION OF NET GAINS/(LOSSES) IN CONNECTION WITH DEFINED BENEFIT PENSION PLAN 716,277. |
| 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. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| DESERT FINANCIAL HOLDINGS LLC | |||||||||
| 148 N 48TH ST | PHOENIX | AZ | 85034 | 851085185 | HOLDING COMPANY | AZ | $433,727 | $11,363,163 | DESERT FINANCIAL CREDIT UNION |
| DESERT FINANCIAL WEALTH SERVICES LLC | |||||||||
| 148 N 48TH ST | PHOENIX | AZ | 85034 | 860946896 | INVESTMENTS AND CONSULTING | AZ | $719,625 | $430,680 | DESERT FINANCIAL HOLDINGS LLC |
| SOUTHWEST COMMERCIAL PROPERTY | |||||||||
| 148 N 48TH ST | PHOENIX | AZ | 85034 | 453465108 | PROPERTY MANAGEMENT | AZ | $1,195,217 | $134,132 | DESERT FINANCIAL HOLDINGS LLC |
| SWITCHTHINK SOLUTIONS LLC | |||||||||
| 148 N 48TH ST | PHOENIX | AZ | 85034 | 821355755 | IT SERVICES | AZ | $10,340,525 | $41,786,777 | DESERT FINANCIAL HOLDINGS LLC |
| DEFINE MORTGAGE SOLUTIONS LLC | |||||||||
| 148 N 48TH ST | PHOENIX | AZ | 85034 | 830668619 | MORTGAGES | AZ | $5,790,444 | $604,645 | DESERT FINANCIAL HOLDINGS LLC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DESERT FINANCIAL FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 N 48TH ST | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85034 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 811028132 | EIN |
| Primary Activities | FUND RAISING/CHAIRTABLE GIVING | PrimaryActivitiesTxt |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DESERT FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| DESERT FINANCIAL FOUNDATION | ||
| B | $392,575 | CASH AND NONCASH CONTRIBUTIONS |
| DESERT FINANCIAL FOUNDATION | ||
| O | $235,503 | PERCENT OF SALARY INKIND SERVICES |