2018-04-26T15:10:26-05:00 2017-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2017-01-01 860108241 CREDIT UNION WEST CRED 6026313200 PO BOX 7600 GLENDALE AZ 853127600 PAMELA CHAN VP - CFO 6026313200 2018-04-26 1 DOUGLAS J ORTH P01076394 3052328272 2017 2022-09-23 18:48:47Z ROBERT W MACGREGOR PO BOX 7600 GLENDALE AZ 853127600 40349228 0 X WWW.CUWEST.ORG X 1951 AZ FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 7 7 229 14 503807 -83996 0 0 31248079 34134489 1500236 2096490 248889 26074 32997204 36257053 0 0 0 0 13870243 14896204 0 0 0 15181706 16300348 29051949 31196552 3945255 5060501 643849278 674766463 581719534 607681921 62129744 67084542 PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION 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 17238 0 1 229 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X CREDIT UNION WEST 6026313200 5811 W TALAVI BLVD GLENDALE AZ 85306 BEVERLY GATELY DIRECTOR 1.00 X 0 0 0 EDWARD LOGAN DIRECTOR 1.00 X 0 0 0 GARY LARBERG DIRECTOR 1.00 X 0 0 0 JAMES CRONK DIRECTOR 1.00 X 0 0 0 JOHN SCHURGARD DIRECTOR 1.00 X 0 0 0 LARRY SCHWARTZ DIRECTOR 1.00 X 0 0 0 LUIS GENDREAU CHAIRMAN 1.00 X 0 0 0 PAUL STRATMAN ASSOCIATE DIRECTOR 1.00 X 0 0 0 RAYMOND BOUCHER V. CHAIRMAN 1.00 X 0 0 0 SANDRA LAGESSE DIRECTOR 1.00 X 0 0 0 MACGREGOR ROBERT W CEO/PRESIDENT 40.00 X 1268713 0 59900 ROCH KAREN EXECUTIVE VP 40.00 X 270927 0 46532 CHAN PAMELA VP- CHIEF FINANCIAL OFFICER 40.00 X 198966 0 48575 GRUNDY SCOTT VP- CHIEF INFORMATION OFFICER 40.00 X 203866 0 49003 SMITH DAVID W SR. VP-CHIEF GENERAL COUNSEL 40.00 X 295060 0 44112 BIRR ROBERT VP- CHIEF LENDING OFFICER 40.00 X 212862 0 56345 CRUZ DIANA VP- ENTERPRISE RISK MANAGEMENT 40.00 X 189644 0 29303 WINTER DEBBIE VP OF BRANCHES 40.00 X 178553 0 45569 YVONNE ROSS VP - HUMAN RESOURCES AND DEVELOPMENT 40.00 X 162338 0 49113 ALLAN SWITALSKI VP - MARKETING 40.00 X 138914 0 33094 SETH R BAKER IT MANAGER 40.00 X 125889 0 10982 JODY BLOSS SENIOR LOAN MANAGER 40.00 X 117986 0 18195 CINDY M CHRISTY REAL ESTATE LOAN UNDERWRITER 40.00 X 101043 0 14748 DANIELLE GREEN SR. MANAGER OF BRANCH OPERATIONS 40.00 X 114056 0 17352 3578817 0 522823 14 0 1 0 DECCA COMMERCIAL BUILDERS INC 16050 N 76 ST SUITE 101 SCOTTSDALE AZ 85260 CONTRACTOR 860861 VANTIV LLC 8500 GOVERNORS HILL DR SYMMES TOWNSHIP OH 45249 ATM AND DEBIT CREDIT CARD PROCESSING 670539 MASTERCARD INTERNATIONAL 2200 MASTERCARD BLVD OFALLEN MO 633687263 CREDIT CARD ISSUER 496231 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE PROCESSING 435381 LENDING SOLUTIONS INCORPORATED 2200 POINT BLVD ELGIN IL 60123 CALL CENTER/CUSTOMER SERVICE 398882 19 LOANS TO MEMBERS 522100 24829950 24829950 FEES/CHARGES/OTHER 522100 8826806 8826806 UNRELATED BUSINESS INCOME 525990 343041 343041 UNRELATED BUSINESS INCOME 523920 134692 134692 34134489 2091165 2091165 26074 0 26074 26074 26074 4097500 4092175 5325 5325 5325 36257053 33662081 503807 2091165 X 3409381 7490345 2338395 823334 834749 57717 39677 84000 756471 870319 2182432 1041203 673032 68307 9611 3302378 50424 1266833 99830 LOAN SERVICING 3252607 PROVISION FOR LOAN LOSS 1787369 MAINTENANCE 418690 ATM EXPENSES 340195 -747 31196552 4413007 3896904 23965268 32541566 1274367 1280110 478658556 523608670 807544 842577 27824232 10800406 17686617 17023826 65545780 56516851 24451221 10054745 27046918 29001214 643849278 674766463 15530017 15491800 566189517 592190121 581719534 607681921 X 0 0 0 0 62129744 67084542 62129744 67084542 643849278 674766463 X 5060501 -249769 144066 X X 0 1 X 1 0 7259040 7259040 10715427 2718939 7996488 1186133 1165371 20762 8663632 6916096 1747536 17023826 SHARE ACCOUNTS 220843512 SHARE DRAFT ACCOUNTS 162041962 MONEY MARKET ACCOUNTS 105477126 SHARE AND IRA CERTIFICATES 103827521 592190121 X 36257053 0 36257053 0 36257053 31196552 0 31196552 0 31196552 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (INTERNAL REVENUE CODE SECTION 501(C)(14), FROM FEDERAL INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB 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 INTERNAL REVENUE CODE (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 DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2016, 2015, AND 2014 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 THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. IN DECEMBER 2017, CONGRESS PASSED THE TAX CUT AND JOBS ACT OF 2017. THE PROVISIONS OF THE ACT CHANGE THE WAY CERTAIN TAX-EXEMPT ORGANIZATIONS, INCLUDING STATE-CHARTERED CREDIT UNIONS, WILL REPORT AND INCUR TAX ON UBI. THE PROVISIONS IMPOSE AN EXCISE TAX ON NON-PROFIT EXECUTIVE COMPENSATION AND INCREASE UNRELATED BUSINESS TAXABLE INCOME BY DISALLOWING CERTAIN BENEFIT DEDUCTIONS. THIS CHANGE IS EFFECTIVE FOR TAX PERIODS BEGINNING AFTER DECEMBER 31, 2017. X 1 1 X X X X X 1 1 0 MACGREGOR ROBERT W CEO/PRESIDENT 347235 0 106900 0 814578 0 55500 0 4400 0 1328613 0 0 0 ROCH KAREN EXECUTIVE VP 219989 0 39066 0 11872 0 42126 0 4406 0 317459 0 0 0 CHAN PAMELA VP- CHIEF FINANCIAL OFFICER 165587 0 31657 0 1722 0 44004 0 4571 0 247541 0 0 0 GRUNDY SCOTT VP- CHIEF INFORMATION OFFICER 161819 0 38601 0 3446 0 44529 0 4474 0 252869 0 0 0 SMITH DAVID W SR. VP-CHIEF GENERAL COUNSEL 140009 0 35715 0 119336 0 41284 0 2828 0 339172 0 0 0 BIRR ROBERT VP- CHIEF LENDING OFFICER 168361 0 43684 0 817 0 46069 0 10276 0 269207 0 0 0 CRUZ DIANA VP- ENTERPRISE RISK MANAGEMENT 148301 0 40885 0 458 0 22669 0 6634 0 218947 0 0 0 WINTER DEBBIE VP OF BRANCHES 140942 0 36506 0 1105 0 41449 0 4120 0 224122 0 0 0 YVONNE ROSS VP - HUMAN RESOURCES AND DEVELOPMENT 135485 0 26159 0 694 0 30942 0 18171 0 211451 0 0 0 ALLAN SWITALSKI VP - MARKETING 137804 0 290 0 820 0 29004 0 4090 0 172008 0 0 0 PART I, LINES 4A-B DURING 2017, DAVID W. SMITH RECIEVED A SEVERANCE PAYOUT AND 457B PAYOUT IN THE AMOUNTS $14,149 AND $97,735, RESPECTIVELY. DURING 2017, ROBERT W. MACGREGOR RECIEVED A 457F PAYOUT IN THE AMOUNT OF $800,000. FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP VOTES TO ELECT GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERSHIP VOTES ON ANY GOVERNING BY-LAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 TAX RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. INDIVIDUALS MUST REPORT ANY CONFLICT OF INTEREST AT THE TIME IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 15(A) COMPENSATION COMMITTEE REVIEWS INFORMATION FROM INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY FOR CEO'S AND RECOMMENDS SALARY RANGE FOR EACH POSITION. CEO'S COMPENSATION IS APPROVED BY THE BOARD. 15(B) COMPENSATION FOR OTHER OFFICERS IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON INPUT FROM AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT ALL BRANCH LOCATIONS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS REPRESENTING THE ENTIRE MEMBERSHIP. OTHER POLICY STATEMENTS MAY BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS -747. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUSTMENT FOR NET SECURITIES GAINS INCLUDED IN NET INCOME -5,325. OTHER COMPREHENSIVE INCOME-DEFINED BENEFIT PENSION PLAN 149,391. FORM 990, PART XII, LINE 2C: THE PROCESS THAT THE COMMITTEE GOES THROUGH FOR ASSUMING RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.