2018-11-07T17:59:40-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 860108770 ONEAZ CREDIT UNION ONEA 6024674088 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 MICHAEL BODEN SVP, CONTROLLER 6024674094 2018-10-31 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2018-10-31 14:29:34 US P 60B77A11AD647D36801C5C9DB910492A7F4ED932 CB7CF8D7F2EFC0B7F06C37225779BA248FFFA305 2017 2019-02-21 02:37:17Z DAVE DOSS 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 115910491 0 X WWW.ONEAZCU.COM X 1951 AZ TO PROVIDE OUR MEMBERS WITH RESPONSIVE SERVICE, CONVENIENT ACCESS, CONSUMER EDUCATION AND VALUE-ADDED FINANCIAL RELATED PRODUCTS AND SERVICES. 9 9 667 14 93042 -5420 0 0 80758352 88026617 8865598 9746488 0 289933 89623950 98063038 0 92702 4885418 4622367 37220191 42183689 0 0 0 36279632 38643588 78385241 85542346 11238709 12520692 1908566810 2006869184 1730437397 1818324085 178129413 188545099 PROVIDING ARIZONA WITH FINANCIAL PRODUCTS AND SERVICES. 0 0 THE CREDIT UNION PROVIDES CHECKING AND SAVINGS DEPOSIT ACCOUNTS AS WELL AS CONSUMER, REAL ESTATE AND BUSINESS LOANS TO ITS 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 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 79182 0 667 1 1 1 0 0 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 0 AZ X MIKE BODEN 6024674094 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 SHANE SIREN CHAIRMAN 2.00 X X 18750 0 0 MARTHA ROZEN VICE CHAIRMAN 2.00 X X 15000 0 0 JON BORGE TREASURER 2.00 X X 15000 0 0 CONNIE OHANESIAN SECRETARY 2.00 X X 15000 0 0 FRANK FELIX DIRECTOR 2.00 X 15000 0 0 JOSEPH SMITH DIRECTOR 2.00 X 15000 0 0 MARQUETTA WHITE DIRECTOR 2.00 X 15000 0 0 RAY O'CONNOR DIRECTOR 2.00 X 15000 0 0 SAM WHEELER DIRECTOR 2.00 X 15000 0 0 DAVE DOSS CEO/PRESIDENT 40.00 X 848163 0 495037 DAVID G SWEIDERK EVP CHIEF OPERATING OFFICER 40.00 X 837865 0 126960 RICHARD K REEDY EVP CHIEF FINANCIAL OFFICER 40.00 X 801142 0 117017 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 40.00 X 602769 0 95350 DEBORAH PEARSON EVP STRATEGY & BRAND 40.00 X 277418 0 92926 BRYAN NIELSEN SVP SUPPORT SERVICES 40.00 X 380153 0 43303 SASSAN AZHADI SVP CHIEF INFORMATION OFFICER 40.00 X 257816 0 54118 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE/CRM 40.00 X 217484 0 47599 THOMAS WILSON SVP BUSINESS ANALYTICS 40.00 X 208608 0 35769 MICHAEL BODEN SVP CONTROLLER 40.00 X 202674 0 53404 ROBERT GIBBONI JR SVP RISK MANAGEMENT 40.00 X 184943 0 45366 RANDON CUPP NORTHERN REGIONAL PRESIDENT 40.00 X 227518 0 28817 JAMES MATHIASCH MORTGAGE ORIGINATION PROG DIRECTOR 40.00 X 218815 0 21308 GRACE DUVAL SOUTHERN REGIONAL PRESIDENT 40.00 X 197552 0 20515 MICHAEL SAMMONS FINANCIAL ADVISOR 40.00 X 189799 0 26612 DEBRA MESHEY VP ASSOCIATE ENGAGEMENT 40.00 X 183392 0 10487 5974861 0 1314588 53 0 1 0 DBSI INC 6950 W MORELOS PL CHANDLER AZ 85226 BRANCH DESIGN, CONSTRUCTION & MAINTENANC 5135119 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT & DEBIT CARD PROCESSING 3362035 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 BANKING SYSTEM & TECHNOLOGY 2286106 DIGITAL INSIGHTS 5601 LINDERO CANYON RD WESTLAKE VILLAGE CA 91362 ONLINE & MOBILE BANKING SUPPORT 1391090 NCR CORPORATION 858 SPRING ST ATLANTA GA 30308 ATM SERVICES 1191596 68 INTEREST ON LOANS 522100 55206549 55206549 INTERCHANGE INCOME 522100 10551425 10551425 FEES AND CHARGES 522100 9570878 9477836 93042 NSF FEE INCOME 522100 7874549 7874549 GAIN ON SALE OF LOANS HELD FOR SA 522100 4823216 4823216 88026617 8612483 8612483 610287 452752 157535 157535 157535 18283267 245439 16865633 529068 1417634 -283629 1134005 1134005 MISCELLANEOUS INCOME 522100 132398 132398 132398 98063038 88223508 93042 9746488 92702 4622367 6164634 27047797 3825513 2904777 2240968 1238063 134444 1284651 2274429 2993409 5607617 4305430 1068241 733354 4326273 CREDIT CARD EXPENSES 5150394 LOAN AND BANKING FEES 3554411 PROVISION FOR LOAN LOSS 3450000 ONLINE BANKING EXPENSES 1683682 839190 85542346 3506645 48528535 111688954 28756050 1256473397 1455977629 4691155 6408282 85743998 26724916 56249089 59019082 402300162 335076176 28407686 28127216 45249722 44976214 1908566810 2006869184 15780515 17559374 124500000 77500000 1590156882 1723264711 1730437397 1818324085 X 0 0 0 0 178129413 188545099 178129413 188545099 1908566810 2006869184 X 12520692 -2040327 -64679 X 0 1 X 1 0 22131585 22131585 40619108 12911946 27707162 3598443 2168843 1429600 17014672 11612205 5402467 2380190 31922 2348268 59019082 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1717718812 PENSION PLAN VALUATION 5545899 1723264711 X 98835478 0 98835478 -772440 -772440 98063038 86314786 772440 772440 85542346 0 85542346 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14) FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE RESULTING IN NO TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. THE CREDIT UNION'S 2014 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -452,752. LOSS ON SALE OF FORECLOSED ASSETS -319,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 452,752. LOSS ON SALE OF FORECLOSED ASSETS 319,688. 1 ONEAZ COMMUNITY FOUNDATION 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 501(C)(3) 53131 UNRESTRICTED ARIZONA ELK SOCIETY 7558 W THUNDERBIRD RD ROOM 1-465 PEORIA AZ 85381 861035639 501(C)(3) 12000 UNRESTRICTED WORLDWIDE FOUNDTION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 6880 UNRESTRICTED NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT RD MADISON WI 53705 391383650 501(C)(3) 6000 UNRESTRICTED 4 0 PART I, LINE 2 GRANTS OR DONATIONS ARE APPROVED BY THE BOARD IN THE ANNUAL BUDGETING PROCESS WITH APPROVED DONATIONS ADMINISTERED AND MONITORED THROUGHOUT THE YEAR BY SENIOR MANAGEMENT. 1 X X X X 0 1 0 DAVE DOSS CEO/PRESIDENT 595075 0 253088 0 0 0 473093 0 21944 0 1343200 0 0 0 DAVID G SWEIDERK EVP CHIEF OPERATING OFFICER 343971 0 68359 0 425535 0 110420 0 16540 0 964825 0 0 0 RICHARD K REEDY EVP CHIEF FINANCIAL OFFICER 326018 0 63064 0 412060 0 102004 0 15013 0 918159 0 0 0 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 239730 0 55051 0 307988 0 79617 0 15733 0 698119 0 0 0 DEBORAH PEARSON EVP STRATEGY & BRAND 219098 0 58320 0 0 0 80083 0 12843 0 370344 0 0 0 BRYAN NIELSEN SVP SUPPORT SERVICES 204703 0 32001 0 143449 0 32316 0 10987 0 423456 0 0 0 SASSAN AZHADI SVP CHIEF INFORMATION OFFICER 225582 0 32234 0 0 0 41215 0 12903 0 311934 0 0 0 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE/CRM 178266 0 25554 0 13664 0 32322 0 15277 0 265083 0 0 0 THOMAS WILSON SVP BUSINESS ANALYTICS 166059 0 19622 0 22927 0 29031 0 6738 0 244377 0 0 0 MICHAEL BODEN SVP CONTROLLER 177933 0 24741 0 0 0 33353 0 20051 0 256078 0 0 0 ROBERT GIBBONI JR SVP RISK MANAGEMENT 161050 0 23893 0 0 0 25462 0 19904 0 230309 0 0 0 RANDON CUPP NORTHERN REGIONAL PRESIDENT 160676 0 57837 0 9005 0 11498 0 17319 0 256335 0 0 0 JAMES MATHIASCH MORTGAGE ORIGINATION PROG DIRECTOR 116667 0 102148 0 0 0 11016 0 10292 0 240123 0 0 0 GRACE DUVAL SOUTHERN REGIONAL PRESIDENT 156533 0 41019 0 0 0 9922 0 10593 0 218067 0 0 0 MICHAEL SAMMONS FINANCIAL ADVISOR 47699 0 142100 0 0 0 6609 0 20003 0 216411 0 0 0 DEBRA MESHEY VP ASSOCIATE ENGAGEMENT 161877 0 21515 0 0 0 4121 0 6366 0 193879 0 0 0 PART I, LINE 4B DAVID SWEIDERK 457(F) DISTRIBUTIONS - $425,535 RICHARD REEDY 457(F) DISTRIBUTIONS - $387,577 MICHAEL EMANUELLI 457(F) DISTRIBUTIONS - $298,869 BRYAN NIELSEN 457(F) DISTRIBUTIONS - $143,449 TOM WILSON 457(F) DISTRIBUTIONS - $22,927 FORM 990, PART VI, SECTION A, LINE 4 IN 2017, MEMBERS OF THE ORGANIZATION VOTED TO COMPENSATE THE BOARD OF DIRECTORS AS ALLOWED BY ARIZONA REGULATORS FORM 990, PART VI, SECTION A, LINE 6 TO BECOME A MEMBER OF ONEAZ CREDIT UNION, ALL YOU NEED IS $5 TO OPEN YOUR SHARE SAVINGS ACCOUNT. THIS REPRESENTS YOUR OWNERSHIP IN THE CREDIT UNION. IF YOU LIVE IN ARIZONA, ARE RELATED TO AN EXISTING MEMBER, OR WORK FOR A QUALIFIED EMPLOYER, YOU ARE ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE PROCESS OF ELECTING THE BOARD OF DIRECTORS: NOTICE OF ANNUAL ELECTION IS COMMUNICATED TO MEMBERSHIP REQUESTING INTERESTED INDIVIDUALS SUBMIT AN APPLICATION FOR ANY OPEN DIRECTOR POSITIONS. THE BOARD APPOINTS A NOMINATING COMMITTEE WHO SCREENS AND INTERVIEWS CANDIDATES TO PLACE ON THE BALLOT. THE BALLOT IS VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ORGANIZATIONAL ITEMS, SUCH AS CHARTER, CHANGE OR MERGER, ARE SUBJECT TO BOARD APPROVAL. ALSO, MEMBERSHIP CAN REQUEST A MEMBER EXPULSION BY A MAJORITY VOTE AT AN ANNUAL OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SVP CONTROLLER WHO IN TURN SHARES WITH THE EVP & CHIEF FINANCIAL OFFICER AND PRESIDENT AND CEO PRIOR TO FILING. THE BOARD OF DIRECTORS IS ALSO UPDATED ON THE FILING STATUS WITH DISCUSSION DOCUMENTED IN BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION PROCEDURES REQUIRE ANNUAL, WRITTEN ACKNOWLEDGEMENT BY EACH ASSOCIATE AND VOLUNTEER DOCUMENTING THEIR UNDERSTANDING AND COMPLIANCE WITH THE CODE OF CONDUCT AND BUSINESS ETHICS POLICY. EACH ASSOCIATE MUST ALSO COMPLETE ONLINE TRAINING AND PASS AN ONLINE TEST EACH YEAR TO DEMONSTRATE THEIR UNDERSTANDING OF THESE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 WE ENGAGE CREDIT UNION COMPENSATION EXPERTS TO DETERMINE SALARY RANGES AND MARKET PRICING FOR THE PHOENIX AREA FOR ALL EMPLOYEES, INCLUDING THE CEO AND EXECUTIVE OFFICERS. SALARY RANGES ARE REVIEWED EVERY YEAR TO ENSURE MARKET EQUITY IS IN LINE WITH OUR "TOTAL COMPENSATION" PHILOSOPHY. WE ALSO COMPLETE COMPENSATION SURVEYS WITH OTHER COMPENSATION ANALYSTS TO ENSURE A BROADER SAMPLING. CONTRACTED COMPENSATION EXPERTS PROVIDE DATA ON NATIONAL AND LOCAL SALARY RANGES AND OTHER RELATIVE DATA POINTS AROUND TOTAL COMPENSATION FOR THE CEO, EXECUTIVE OFFICERS AND BENEFITS OVERALL. THE COMPENSATION COMMITTEE MAKES RECOMMENDATIONS TO THE FULL BOARD BASED ON THESE INPUTS. ALL DISCUSSIONS & DECISIONS ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 REGULATORY FINANCIAL REPORTS PROVIDED BY NCUA.GOV ARE PROVIDED UPON REQUEST. WE ALSO POST A COPY OF OUR MONTHLY STATEMENT OF FINANCIAL CONDITION IN ALL OF OUR BRANCHES. FORM 990, PART VI, SECTION A, LINE 9 DAVID SWEIDERK AND DEBORAH MESHEY CAN NO LONGER BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS. FORWARDING ADDRESSES ARE NOT AVAILABLE. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED LOSS ON DEFINED BENEFIT PENSION PLAN ASSETS -64,679. ARIZONA FINANCIAL NETWORK LLC 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 481267437 INSURANCE BROKERAGE AZ 0 2500 ONEAZ CREDIT UNION ONEAZ COMMUNITY FOUNDATION INC 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 PHILANTRROPIC,EDUCATIONAL,CHARITABLE ACTIVITIES AIMED AT AZ COMMUNITIES. AZ 501 (C)(3) LINE 10 ONEAZ CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ONEAZ COMMUNITY FOUNDATION B 53131 FAIR VALUE