2017-11-13T18:08:17-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2016-01-01 860100904 FIRST CREDIT UNION FIRS 4807565500 25 SOUTH ARIZONA PLACE SUITE 111 CHANDLER AZ 85225 JAY CURTIS PRESIDENT/CEO 4807565500 2017-11-10 1 ANNE B DAVISON P00944246 6022662248 67.137.57.251 2017-11-10 12:15:01 US P E9F310E552A983DEE0D16D26B85D24D51800DFDA 1B86B9C1A9B28F0D009C179E90DC93E4EBDDF8CD 2016 2017-02-10 21:41:12Z JAY CURTIS 25 SOUTH ARIZONA PLACE SUITE 111 CHANDLER AZ 85225 24910320 0 X N/A X 1929 AZ FIRST CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. 7 6 201 9 454875 -145567 0 0 20122524 21537535 1998656 2776580 0 0 22121180 24314115 0 0 0 675074 9126052 9749257 0 0 0 11473690 13471502 20599742 23895833 1521438 418282 427865643 449345264 404786964 426651665 23078679 22693599 FIRST CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. 0 0 FIRST CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 4632 0 1 201 1 1 1 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X FIRST CREDIT UNION 4807565500 25 SOUTH ARIZONA PLACE SUITE 111 CHANDLER AZ 85225 JAY CURTIS PRESIDENT/ CEO 40.00 X X 416976 0 129259 KENNETH MULLINS BOARD SECRETARY 1.00 X 0 0 0 CARYN HORVITZ-STRAUS BOARD CHAIR 1.00 X 0 0 0 BEN TAN BOARD MEMBER 1.00 X 0 0 0 RUSS PUCKETT BOARD TREASURER 1.00 X 0 0 0 WILLIAM JIMRO BOARD VICE-CHAIR 1.00 X 0 0 0 BARRY SCHLEGEL BOARD MEMBER 1.00 X 0 0 0 LORI GALLEGOS EVP/COO 40.00 X 248910 0 114438 DOUGLAS ALLDREDGE CFO 40.00 X 204744 0 76903 SCOT GILBREATH VP/RE LENDING 40.00 X 132337 0 28181 THOMAS GESSEL CIO 40.00 X 176779 0 26527 HEIDI KIM SVP/OPERATIONS 40.00 X 134073 0 22687 THOMAS WASSON CLO 40.00 X 140685 0 23648 BENJAMIN RICKS AVP/IT 40.00 X 115832 0 26729 1570336 0 448372 8 0 1 0 DBSI INC 6950 W MORELOS PL CHANDLER AZ 85226 PROPERTY MANAGEMENT SERVICES 616192 VELOCITY SOLUTIONS INC PO BOX 460939 FORT LAUDERDALE FL 33346 PROMOTIONAL PROGRAM RELATED SERVICES 309880 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 COMPUTER SYSTEMS AND SOFTWARE - MAINTENA 281652 EXPERIAN PO BOX 881971 LOS ANGELES CA 90088 CREDIT REPORTING SERVICE 182106 SOURCE HOV 3826 E WATKINS PHOENIX AZ 85034 STATEMENTS PRINTING POSTAGE 167417 11 INTEREST ON LOANS 522100 16635807 16635807 FEE INCOME 522100 4446853 4446853 INSURANCE COMMISSION INCOME 900099 187378 187378 NON-MEMEBER SHARED BRANCHING 900099 124358 124358 COMMISSION-NETWORKED SERVICES 900099 117228 117228 25911 25911 21537535 2373976 2373976 998809 596205 402604 402604 402604 24314115 21082660 454875 2776580 675074 2018709 5836336 338890 1008630 546692 77895 51728 344443 579453 2327325 1336343 124390 113182 1729694 117322 MISCELLANEOUS EXPENSES 2772136 PROVISION FOR LOAN LOSS 2333482 LOAN SERVICING 1012580 OTHER OPERATING EXPENSE 551529 23895833 1247550 179885 48353983 39631709 52421 60485 276103733 315842728 5661989 5164273 35155649 15352271 20237185 19803378 69448739 61986197 6760043 6676609 427865643 449345264 3658610 6456425 401128354 420195240 404786964 426651665 X 0 0 0 0 23078679 22693599 23078679 22693599 427865643 449345264 X 418282 -803362 X X 0 1 X 1 0 3627171 3627171 21784529 8934121 12850408 553137 99020 454117 9190812 6319130 2871682 19803378 FHLB STOCK 2080400 C AFS SECURITIES 42881930 F OTHER INVESTMENTS 17023867 C 61986197 STATUTORY RESERVES 11445168 MEMBERS SHARES AND SAVINGS ACCOUNTS 408750072 420195240 X 1 1 X X X X X 0 1 0 JAY CURTIS PRESIDENT/ CEO 340000 0 40000 0 36976 0 113173 0 16086 0 546235 0 0 0 LORI GALLEGOS EVP/COO 203333 0 30000 0 15577 0 98352 0 16086 0 363348 0 0 0 DOUGLAS ALLDREDGE CFO 177500 0 20000 0 7244 0 60817 0 16086 0 281647 0 0 0 SCOT GILBREATH VP/RE LENDING 132337 0 0 0 0 0 12095 0 16086 0 160518 0 0 0 THOMAS GESSEL CIO 153835 0 15000 0 7944 0 16018 0 10509 0 203306 0 0 0 HEIDI KIM SVP/OPERATIONS 113625 0 12500 0 7948 0 12178 0 10509 0 156760 0 0 0 THOMAS WASSON CLO 121000 0 10000 0 9685 0 12588 0 11060 0 164333 0 0 0 PART I, LINE 4B THE CREDIT UNION MAINTAINS A 457(F) DEFERRRED COMPENSATION PLAN. THE CREDIT UNION MADE THE FOLLOWING CONTRIBUTIONS FOR THE PERIOD ENDED DECEMBER 31, 2016: JAY CURTIS $89,173 DOUGLAS ALLDREDGE $37,799 LORI GALLEGOS $72,040 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A COOPERATIVE. AS SUCH, THE MEMBERS ARE THE OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY (BOARD OF DIRECTORS)IS ELECTED BY THE MEMBERS, WHO CAN CAST ONE VOTE EACH. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO AND CEO AND WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 FORMAL REVIEW IS COMPLETED BY ALL BOARD MEMBERS ALONG WITH SELF EVALUATION BY CEO - REVIEW OF INDUSTRY SPECIFIC SALARY SURVEY INFORMATION IS PERFORMED BY BOARD EXECUTIVE COMMITTEE WITH COMPENSATION DECISION DOCUMENTED FOR CEO FILE AND PRESENTED TO FULL BOARD. FORMAL REVIEW IS COMPLETED BY CEO - REVIEW OF INDUSTRY SPECIFIC SALARY SURVEY INFORMATION IS PERFORMED BY CEO WITH DECISION DOCUMENTED IN EMPLOYEE FILE AND PAYROLL SYSTEM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED IN EACH BRANCH. FORM 990, PART XI, LINE 9: CHANGE IN ACCUMULATED UNREALIZED GAIN/LOSS AFS SECURITIES 43,284. CHANGE IN UNREALIZED PENSION PLAN GAIN/LOSS -846,646. FORM 990, PART XII, LINE 2C THE SELECTION AND REVIEW PROCESS OF THE OVERSIGHT COMMITTEE HAS NOT CHANGED.