2025-11-14T17:27:08-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 860189823 FIRST AMERICAN CREDIT UNION FIRS 5208368848 1001 N PINAL AVENUE CASA GRANDE AZ 85122 PHIL PETERS PRESIDENT & CEO 5208368848 2025-11-14 1 1 LISA N RYSSEL CPA P00643670 7149781300 2025-11-14 2024 2025-03-06 01:10:19Z PHIL PETERS 1001 N PINAL AVENUE CASA GRANDE AZ 85122 8276415 0 X WWW.FIRSTAMERICAN.ORG X 1962 AZ A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICE TO ITS MEMBERSHIP. 6 5 34 7 61277 573 0 0 6112397 6516157 1207414 1760258 0 0 7319811 8276415 0 0 381638 712483 2194610 2422027 0 0 0 2843775 3296795 5420023 6431305 1899788 1845110 117540744 113578840 108260181 102375469 9280563 11203371 FIRST AMERICAN CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICES TO ITS MEMBERSHIP. OUR MISSION IS TO CREATE FINANCIAL INDEPENDENCE, PROMOTE DIVERSITY AND SERVE HARD-WORKING FAMILIES. 0 0 FIRST AMERICAN CREDIT UNION IS A NON-PROFIT COOPERATIVE FULLY OWNED BY 13,640 MEMBERS. THE CREDIT UNION PROVIDES A VARIETY OF BANKING SERVICES, SUCH AS CONSUMER LENDING, BILL PAYMENT, MOBILE/HOME BANKING, DEPOSIT/TRANSACTIONAL ACCOUNTS, IRA ACCOUNTS, DEBIT/CREDIT CARD SERVICES, ATM AND OTHER FINANCIAL SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1296 0 1 34 1 1 1 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 AZ X TONYA KRUSE 5208368848 1001 N PINAL AVE CASA GRANDE AZ 85122 PHIL PETERS PRESIDENT & CEO/DIRECTOR 40.00 0.00 X X 159637 0 16961 JR MCEVOY CHAIR 1.00 0.00 X X 0 0 0 CLIFF KINSER VICE-CHAIR 1.00 0.00 X X 0 0 0 SYLVIA MEJIA TREASURER 1.00 0.00 X X 0 0 0 STEVE HUDSON SECRETARY (TERM 04/24) 1.00 0.00 X X 0 0 0 JOSEPH HARDY DIRECTOR 1.00 0.00 X 0 0 0 DUANE WALLACE DIRECTOR 1.00 0.00 X 0 0 0 159637 0 16961 1 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT & CREDIT CARD PROCESSING 686208 1 LOAN INCOME 522100 3923744 3923744 FEE INCOME 522100 2592413 2531136 61277 6516157 1760258 1760258 8276415 6454880 61277 1760258 712483 176598 1735315 199533 166525 144056 40851 16080 104629 5789 306099 349951 370993 8416 827 4742 77934 53716 BANK AND CREDIT CARD FE 782447 PROVISION FOR LOAN LOSS 768278 OTHER EXPENSES 193087 LOAN FEES 113537 99419 6431305 14965227 17967071 18136576 19811938 73084615 64898780 421818 141754 2675738 1812802 919308 862936 5430969 4992675 3154643 2719389 1427588 2184297 117540744 113578840 2134507 1624286 1383000 1383000 104742674 99368183 108260181 102375469 X 0 0 0 0 9280563 11203371 9280563 11203371 117540744 113578840 1845110 77698 0 X 0 1 X 1 0 390114 390114 1103271 817545 285726 24879 24879 0 1157474 970378 187096 862936 MEMBERS' SHARE AND SAVINGS ACCOUNT 99368183 99368183 X PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14) AND, AS SUCH, IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, THE CREDIT UNION PAYS TAXES ON ANY UNRELATED BUISNESS TAXABLE INCOME. ALL INCOME FROM THE CUSO FLOWS INTO THE CREDIT UNION AND, AS A RESULT, IS ALSO TAX EXEMPT. THE CREDIT UNION HAD NO SIGNIFICANT TAX LIABILITY FOR THE YEAR ENDED DECEMBER 31, 2024. X X 0 0 0 PHIL PETERS PRESIDENT & CEO/DIRECTOR 105000 0 54637 0 0 0 10457 0 6504 0 176598 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF MEMBERS OF BOTH THE NAVAJO AND TOHONO O'ODHAM NATIONS, AND OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN PINAL COUNTY, ARIZONA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION A, LINE 7B BYLAW AMENDMENTS MUST BE RATIFIED BY MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS AN ETHICS AND WHISTLEBLOWER POLICY WHICH MANDATES THAT EACH OFFICIAL AND EMPLOYEE OF THE CREDIT UNION MUST SIGN UPON WORKING WITH THE CREDIT UNION. EACH BOARD MEMBER AND EMPLOYEE MUST SIGN AN UPDATED STATEMENT ANNUALLY. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY AND DISCUSSED IN AWARENESS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION OF THE CEO. THE BOARD REVIEWS AN INDUSTRY SALARY SURVEY OF CREDIT UNIONS OF SIMILAR SIZE AND ATTRIBUTES TO DETERMINE THE CEO'S COMPENSATION. THE BOARD CHAIR DOCUMENTS THE COMPENSATION AMOUNTS. THE CEO REVIEWS AND APPROVES ALL OTHER COMPENSATION IN ACCORDANCE WITH THE BOARD APPROVED BUDGET. OTHER OFFICER AND KEY EMPLOYEE'S COMPENSATION IS BASED ON A FORMAL REVIEW THAT IS COMPLETED BY THE CEO. THERE IS A REVIEW OF INDUSTRY SPECIFIC SALARY SURVEY INFORMATION AND IS PERFORMED BY THE CEO WITH THE DECISION DOCUMENTED IN THE EMPLOYEE FILE AND PAYROLL SYSTEM. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FIRST AMERICAN ASSURANCE AGENCY LLC 1001 N PINAL AVENUE CASA GRANDE AZ 85122 471089501 INSURANCE AZ 8455 16063 FIRST AMERICAN CREDIT UNION