2018-10-26T12:02:31-05:00 2017-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2017-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 SCOTT ODOM CFO 5202987882 2018-10-03 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2018-10-03 22:43:50 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2018-06-14 16:35:46Z ROBERT D RAMIREZ 2480 N ARCADIA AVE TUCSON AZ 85712 288369020 0 2111 X WWW.VANTAGEWEST.ORG X 1955 AZ WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 7 7 563 14 459332 0 0 0 90592401 96573126 4502194 6651252 1345049 1584407 96439644 104808785 77500 44700 0 0 31584824 34398649 0 0 0 51208634 49046589 82870958 83489938 13568686 21318847 1678708857 1915424663 1481991536 1697394591 196717321 218030072 X WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 0 0 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. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 1 28678 0 1 563 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 AZ X SCOTT ODOM 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 MITCHELL PISIK DIRECTOR 9.00 X 4646 0 0 GLORIA GONZALEZ DIRECTOR 9.00 X 0 0 0 GARY SMITH DIRECTOR 9.00 X 0 0 0 EUGENE SANTARELLI DIRECTOR 9.00 X 0 0 0 ANNA ARCHER DIRECTOR 9.00 X 0 0 0 GREGORY GOOD DIRECTOR 9.00 X 0 0 0 JOHN DRISKILL DIRECTOR 9.00 X 0 0 0 PAUL MELENDEZ DIRECTOR 9.00 X 0 0 0 AUGUSTINE GOMEZ DIRECTOR 9.00 X 3341 0 0 JEFF POST DIRECTOR 9.00 X 0 0 0 ROBERT RAMIREZ PRESIDENT/CEO 40.00 X 640877 0 308714 SCOTT ODOM CFO 40.00 X 276642 0 66191 RENE ALMAZAN SVP/CHIEF LENDING OFFICER 40.00 X 238388 0 71456 STEVEN MOTT SVP/TECHNOLOGY 40.00 X 234489 0 69955 BRENDA GORDON CHIEF LEGAL OFFICER 40.00 X 369983 0 70222 JAMIE HERNANDEZ VP REGIONAL SALES MGR 26.00 X 288498 0 14403 DORIS L GANT DIRECTOR OPS SUPPORT 34.00 X 279094 0 19644 2335958 0 620585 32 0 1 0 BFL CONSTRUCTION COMPANY INC 700 E BROADWAY BLVD STE 200 TUSCON AZ 85719 CONSTRUCTION COMPANY FOR CORPORATE EXPAN 4973149 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 DIGITAL BANKING PROVIDER 2700030 PSCU 560 CARILLON PARKWAY ST PETERSBURGH FL 33716 CARD SERVICES/BILL PAY PROVIDER 2565316 CONVERGEONE INC PO BOX 1450 MINNEAPOLIS MN 55485 TECH HARDWARE, SOFTWARE, MAINTENANCE, AN 2223181 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 INTEGRATED IT PROVIDER 1862314 39 INTEREST ON MEMBER LOANS 522100 75348789 75348789 FEES AND CHARGES 522100 11813003 11813003 OTHER NON-INTEREST INCOME 522100 8952002 8952002 UNRELATED BUSINESS INCOME 523000 427593 427593 UNRELATED BUSINESS INCOME 524298 31739 31739 96573126 5005979 5005979 440921 343220 97701 97701 97701 184862288 183217015 1645273 1645273 1645273 MISCELLANEOUS INCOME 522100 1486706 1486706 1486706 104808785 104349453 459332 0 X 44700 1297070 26530761 1379641 3255508 1935669 136689 127541 681730 2851824 3693147 2241387 1702695 59600 607140 10615953 210827 3247499 287410 PROVISION FOR LOAN LOSS 10704202 LOAN SERVICING 3745245 HOME BANKING 3279989 DEBIT CARD 2932578 1921133 83489938 13451847 11074241 60600145 278178908 390861 1972857 1496457867 1504649871 3544535 4208924 60402370 33744256 27510204 26658114 5112196 5053579 33600726 37127228 2007743 1670600 36032733 44830341 1678708857 1915424663 23758784 26196401 155000000 1458232752 1516198190 1481991536 1697394591 X 0 0 0 0 196717321 218030072 196717321 218030072 1678708857 1915424663 21318847 -6096 0 X X 0 1 X 1 0 107 107 107 1 ARIZONA TECHNOLOGY COUNCIL (LEGISLATIVE INITIATIVES) 2800 N CENTRAL AVE 1920 PHOENIX AZ 85004 860684848 107 7807676 7807676 23386912 9613890 13773022 560078 509991 50087 27973636 23144644 4828992 674068 475731 198337 26658114 SHARE DRAFT ACCOUNTS 260065873 REGULAR SHARE ACCOUNTS 184461145 PREMIUM SHARE ACCOUNTS 637531106 ESCROW ACCOUNTS 2185309 IRA SHARE ACCOUNTS 180163403 SHARE AND IRA CERTIFICATES 251491354 NON MEMBER CD 300000 1516198190 X 105117098 0 105117098 -308313 -308313 104808785 83798251 308313 308313 83489938 0 83489938 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES. 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 UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE INTERNAL REVENUE SERVICE (IRS) HAS 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 IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS REPORTED NET OF LOSSES IN FINANCIAL STATEMENTS 34,907 EXPENSES INCURRED TO GENERATE RENT REVENUE REPORTED AS EXPENSE IN FINANCIAL STATEMENTS, BUT REPORTED AS A REDUCTION OF REVENUE IN FORM 990 -343,220 PART XII, LINE 2D - OTHER ADJUSTMENTS: GAINS REPORTED NET OF LOSSES IN FINANCIAL STATEMENTS -34,907 EXPENSES INCURRED TO GENERATE RENT REVENUE REPORTED AS EXPENSE IN FINANCIAL STATEMENTS, BUT REPORTED AS A REDUCTION OF REVENUE IN FORM 990 343,220 1 EARN TO LEARN 4803 EAST 5TH STREET 215 TUCSON AZ 85711 261151754 501(C)(3) 5000 CHARITABLE CONTRIBUTION JUNIOR ACHIEVEMENT OF ARIZONA 636 W SOUTHERN AVE TEMPE AZ 85282 860184349 501(C)(3) 5000 CHARITABLE CONTRIBUTION UNITED WAY OF TUCSON AND SOUTHERN ARIZONA 330 N COMMERCE PARK LOOP STE 200 TUCSON AZ 85745 860098932 501(C)(3) 10000 CHARITABLE CONTRIBUTION LA FRONTERA 504 W 29 ST TUCSON AZ 85713 860215009 501(C)(3) 5000 CHARITABLE CONTRIBUTION BOYS & GIRLS CLUBS OF TUCSON PO BOX 40217 TUCSON AZ 85717 860172257 501(C)(3) 7500 CHARITABLE CONTRIBUTION CATHOLIC FOUNDATION FOR THE DIOCESE OF TUCSON PO BOX 31 TUCSON AZ 85702 860408580 501(C)(3) 12200 CHARITABLE CONTRIBUTION 6 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. SOME DONATIONS ARE EVENT SPONSORSHIP BASED. X 1 1 X X X X 1 1 0 ROBERT RAMIREZ PRESIDENT/CEO 537255 0 72965 0 30657 0 295459 0 13255 0 949591 0 0 0 SCOTT ODOM CFO 247649 0 26424 0 2569 0 52936 0 13255 0 342833 0 0 0 RENE ALMAZAN SVP/CHIEF LENDING OFFICER 207525 0 25267 0 5596 0 61679 0 9777 0 309844 0 0 0 STEVEN MOTT SVP/TECHNOLOGY 206846 0 25017 0 2626 0 61439 0 8516 0 304444 0 0 0 BRENDA GORDON CHIEF LEGAL OFFICER 193557 0 174495 0 1931 0 63813 0 6409 0 440205 0 100493 0 JAMIE HERNANDEZ VP REGIONAL SALES MGR 271500 0 14474 0 2524 0 7760 0 6643 0 302901 0 0 0 DORIS L GANT DIRECTOR OPS SUPPORT 162308 0 111258 0 5528 0 8347 0 11297 0 298738 0 22969 0 PART I, LINES 4A-B THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED EXECUTIVE PLAN. AMOUNTS REPRESENT CONTRIBUTIONS TO THE PLAN DURING 2017: R. RAMIREZ $0; B. GORDON $48,300; J. HERNANDEZ $0; S. ODOM $36,014; R. ALMAZAN $45,750; S. MOTT $45,297; D. CLEMENS $45,564; S. LUEDERS $39,900; S. HARRIS $14,109; T. OVERTON $0. B. GORDON RECIEVED A LONG TERM INCENTIVE PLAN DISTRIBUTION OF $150,590; D. GANT RECEIVED A LONG TERM INCENTIVE PLAN DISTRIBUTION OF $100,493. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVE MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. A THIRD PARTY CPA FIRM IS RETAINED TO ASSIST IN THE PREPARATION AND E-FILING OF FORM 990. A DRAFT VERSION OF THE RETURN IS REVIEWED BY THE CREDIT UNION'S CFO, THEN PROVIDED TO THE CEO AND THE BOARD OF DIRECTORS FOR REVIEW. ONCE ALL REVIEWS ARE COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED IN TWO WAYS - 1) UPON HIRING, EMPLOYEES ARE REQUIRED TO READ AND CERTIFY THEIR ACCEPTANCE OF THE POLICY, AND 2) A REPORTING TOOL PROVIDED BY A THIRD PARTY IS AVAILABLE FOR EMPLOYEES TO ANONYMOUSLY REPORT ANY ETHICAL VIOLATIONS OF WHICH THEY ARE AWARE. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR OTHER OFFICER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY HUMAN RESOURCES AND THE CEO, UTILIZING DATA FROM INDUSTRY BENCHMARKS AND COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E DEPOSIT SERVICING EXPENSE 588,820. FRAUD LOSSES 515,699. MISCELLANEOUS EXPENSE 429,488. ATM CURRENCY MANAGEMENT 259,804. REGULATORY OPERATING FEES 127,322. 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.