2025-11-14T19:03:15-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 866050693 COPPER STATE CREDIT UNION COPP 6235803000 15458 N 28TH AVENUE PHOENIX AZ 85027 JOEL GALLON CFO 6235806000 2025-11-13 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-13 2024 2025-03-06 01:10:19Z ROBERT SCOTT 15458 N 28TH AV PHOENIX AZ 85027 38096829 0 X WWW.COPPERSTATECU.ORG X 1951 AZ OUR MISSION IS TO ENABLE OUR MEMBER FAMILIES TO ACHIEVE FINANCIAL PROSPERITY. 8 8 178 18 230663 0 0 0 31314474 35227556 2575256 2839229 0 0 33889730 38066785 0 0 0 0 11322352 12166099 0 0 0 21073239 25066288 32395591 37232387 1494139 834398 597490503 592078886 562895989 555993442 34594514 36085444 OUR VISION IS TO ELEVATE THE FINANCIAL STRENGTH OF ARIZONA FAMILIES THROUGH EVERY SEASON OF LIFE. OUR MISSION IS TO ENABLE OUR MEMBERS' FAMILIES TO ACHIEVE FINANCIAL PROSPERITY AND STRENGTHENING ARIZONA FAMILIES THROUGH FINANCIAL EMPOWERMENT. 0 0 PROVIDED CREDIT IN 2024 TO 3,249 MEMBERS FOR $120,805,039. AS OF DECEMBER 31, 2024, 15,579 MEMBERS HAD $432,492,491 IN OUTSTANDING LOANS. PROMOTE THRIFT TO 43,441 MEMBERS WITH TOTAL DEPOSITS OF $524,782,241 AS OF DECEMBER 31, 2024. PROVIDE FINANCIAL SERVICES, INCLUDING CHECKING ACCOUNTS, ATM/DEBIT CARDS, CREDIT CARDS, SAVINGS ACCOUNTS, CERTIFICATES OF DEPOSIT AND MONEY MARKET ACCOUNTS. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 9876 0 1 178 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOEL GALLON 6235806000 15458 N 28TH AVE PHOENIX AZ 85027 LORENZO SIERRA DIRECTOR 1.00 X 4431 0 0 PAUL WATERMAN TREASURER 1.00 X 4100 0 0 ANDREW ROBERTS DIRECTOR 1.00 X 2150 0 0 ERICA GIBBONS VICE CHAIRPERSON 1.00 X 3450 0 0 ANDREA NORTHUP DIRECTOR 1.00 X 900 0 0 ROBERT STADNIK COMMITTEE MEMBER 1.00 X 2250 0 0 MELANIE MERRILL DIRECTOR 1.00 X 1150 0 0 DENNIS MCDONALD CHAIRPERSON 1.00 X 5200 0 0 TILLIE JONES DIRECTOR 1.00 X 1450 0 0 JANET BURGETT MARTIN DIRECTOR 1.00 X 3500 0 0 ALBERT DUBOWA COMMITTEE MEMBER 1.00 X 2250 0 0 DAVID MATSON COMMITTEE CHAIRPERSON 1.00 X 2350 0 0 HARSHAD DESAI COMMITTEE MEMBER 1.00 X 2200 0 0 LUPE HARRIGER COMMITTEE MEMBER 1.00 X 2050 0 0 FRANK MARTINSON COMMITTEE MEMBER 1.00 X 2250 0 0 WING-HO CHOI DIRECTOR 1.00 X 3900 0 0 MICHAEL JOSEPH DIRECTOR 1.00 X 3250 0 0 COLLEEN CURTIS MILLER SECRETARY 1.00 X 2300 0 0 ROBERT SCOTT PRESIDENT/CEO 50.00 X 406765 0 34712 MONICA SOLO CHIEF FINANCIAL OFFICER 50.00 X 163106 0 20627 TERESA TROSTEL CHIEF INFORMATION OFFICER 50.00 X 167247 0 22211 ANTHONY D'ASTICE WEALTH MANAGEMENT 50.00 X 183697 0 25547 GREGORY ALBANO SVP CHIEF TECHNOLOGY OFFICER 50.00 X 198686 0 239316 RICHARD REILEY SVP CHIEF LENDING OFFICER 50.00 X 203556 0 18205 AMY SINGPRADITH SVP CHIEF HR OFFICER 50.00 X 172849 0 25354 1545037 0 385972 17 0 1 0 FISERV INC PO BOX 208457 DALLAS TX 75320 CORE DATA SYSTEM SERVICES 2375133 FIDELITY INFO SERVICES INC PO BOX 4535 CAROL STREAM IL 60197 DEBIT CARD PROCESSING SERVICER 1755486 DBSI INC 6950 W MORELOS PLACE CHANDLER AZ 85226 DESIGN/BUILD/MAINTAIN 1721329 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 75321 ONLINE/MOBILE BANKING PROVIDER 1072079 JACK HENRY PO BOX 609 MONETT MO 65708 CORE DATA SYSTEM SERVICES 500402 25 INCOME ON LOANS 522100 26263788 26263788 FEES, CHARGES, & OTHER 522100 8733105 8733105 FINANCE & INSURANCE 520000 230663 230663 35227556 2846502 2846502 22771 30044 -7273 -7273 -7273 38066785 34989620 230663 2846502 X 674341 9455065 360654 992043 683996 -33573 212600 1465945 3784504 1263862 901150 13418 184751 7622779 259773 1159607 70929 PLL 2660733 DECONVERSION COSTS 2060742 DEBIT/CREDIT CARD EXPEN 1834951 COLLECTIONS 651383 952734 37232387 3001561 2146065 8213476 32973204 1676147 788675 7603657 7699578 447994895 427182536 581260 845439 27440747 5521781 20552938 21918966 90152134 79688334 3278993 2909490 14435442 15926599 597490503 592078886 11962485 13211201 33000000 18000000 517933504 524782241 562895989 555993442 X 0 0 0 0 34594514 36085444 34594514 36085444 597490503 592078886 834398 656532 0 X X 0 1 X 1 0 0 7137173 7137173 14628118 1847081 12781037 560100 169222 390878 5115356 3505478 1609878 21918966 MEMBER DEPOSITS 524782241 524782241 X 38066785 0 38066785 0 38066785 37232387 0 37232387 0 37232387 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. X 1 1 X X 0 1 0 ROBERT SCOTT PRESIDENT/CEO 383937 0 19205 0 3623 0 17250 0 17462 0 441477 0 0 0 GREGORY ALBANO SVP CHIEF TECHNOLOGY OFFICER 174543 0 21621 0 2522 0 221554 0 17762 0 438002 0 0 0 RICHARD REILEY SVP CHIEF LENDING OFFICER 179058 0 20739 0 3759 0 10248 0 7957 0 221761 0 0 0 ANTHONY D'ASTICE WEALTH MANAGEMENT 36944 0 146400 0 353 0 9662 0 15885 0 209244 0 0 0 AMY SINGPRADITH SVP CHIEF HR OFFICER 153011 0 19094 0 744 0 6389 0 18965 0 198203 0 0 0 TERESA TROSTEL CHIEF INFORMATION OFFICER 148956 0 17794 0 497 0 8548 0 13663 0 189458 0 0 0 MONICA SOLO CHIEF FINANCIAL OFFICER 161653 0 950 0 503 0 8299 0 12328 0 183733 0 0 0 PART I, LINE 4B THE CEO, ROBERT SCOTT, PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE CREDIT UNION ISSUED A LOAN TO ROBERT SCOTT FOR THE PURPOSE OF PURCHASING AN INSURANCE POLICY THAT WILL BE USED TO FUND HIS DEFERRED COMPENSATION PLAN. THE LOANS RELATED TO THIS ARRANGEMENT ARE REPORTED ON SCHEDULE L. GREGORY ALBANO PARTICIPATES IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DURING 2024, THE CREDIT UNION ACCRUED $211,256 TOWARD THE FUTURE BENEFIT OBLIGATION. JANE DOBBS FORMER CEO/PRESIDENT FUNDING OF 457 (F) X 2700000 2761578 0 1 1 ROBERT SCOTT CEO/PRESIDENT FUNDING OF 457 (F) X 4938000 4938000 0 1 1 7699578 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS INCLUDE PEOPLE THAT LIVE, WORK OR WORSHIP IN ANY OF THE FOLLOWING COUNTIES: MARICOPA, GILA, NAVAJO, PIMA, PINAL AND YAVAPAI. OUR SELECT EMPLOYEE GROUPS ALSO INCLUDE MEMBERS THAT ARE GRAND CANYON UNIVERSITY FACULTY, STAFF & STUDENTS, ACTIVE, RETIRED OR CONTRACT EMPLOYEES OF THE STATE OF ARIZONA AND SAFEWAY STORES, INC. (ALBERTSON'S) EMPLOYEES & FAMILIES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT A BOARD OF DIRECTORS TO GOVERN THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES MUST BE APPROVED AT A MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE POSTED ELECTRONICALLY ON THE BOARD'S PORTAL FOR THEM TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE MUST DISCLOSE ANY RELATIONSHIP OR ASSOCIATION THAT COULD BE A CONFLICT OF INTEREST. WE REQUIRE THIS BE DISCLOSED IN AN ANNUAL QUESTIONNAIRE THAT IS SUBMITTED TO AND SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE GIVEN AN ANNUAL REVIEW AND THEIR COMPENSATION IS MEASURED AGAINST TRADE ORGANIZATIONS THAT GATHER AND COMPILE SUCH DATA. FORM 990, PART VI, SECTION C, LINE 19 MONTH END FINANCIAL STATEMENTS ARE POSTED IN OUR LOBBIES AND QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE ON THE NCUA WEBSITE, OTHER DOCUMENTS WOULD BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 24E MAINTENANCE AND REPAIRS 414,056. LOAN SERVICING 410,440. OTHER LOSSES/FRAUD 66,633. EDUCATION AND PROMOTION 34,985. MISCELLANEOUS 26,620. 990, PART XII, LINE 2C THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE CREDIT UNION'S OVERSIGHT AND SELECTION PROCESS DID NOT CHANGE DURING THE YEAR.