2025-11-17T13:35:14-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 860098350 ARIZONA CENTRAL CREDIT UNION ARIZ 6022646421 2020 N CENTRAL AVENUE 450 PHOENIX AZ 85004 BRIAN LEE CEO 6022646421 2025-11-17 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-17 2024 2025-03-06 01:10:19Z BRIAN LEE 2020 N CENTRAL AVENUE PHOENIX AZ 85004 50424582 0 2111 X WWW.AZCENTRALCU.ORG X 1939 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY. 7 7 209 5 15828 0 0 0 33464543 39647453 1734159 -1135149 7211479 5120016 42410181 43632320 0 0 0 0 15837975 16630984 0 0 0 24129301 28551802 39967276 45182786 2442905 -1550466 743178597 688870714 690633575 637442252 52545022 51428462 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS THAT ARE BOTH PAPER (CHECK) AND ELECTRONICALLY (WEB, MOBILE, CARD SERVICES) BASED. IT ALSO PROVIDES SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS. IN ADDITION, IT PROVIDES CONSUMER LOANS AND BUSINESS LOANS OVER A PORTFOLIO OF PRODUCTS, ALL OF WHICH ARE FOR EXEMPT FUNCTION ACTIVITIES FOR ITS MEMBERS. OUTGOING WIRE SERVICES TRAINING 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 10654 0 1 209 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X DENISE EPPS 6025238131 2020 N CENTRAL AVENUE SUITE 1200 PHOENIX AZ 85004 MARK DENKE CHAIRPERSON 20.00 X 14400 0 0 STEPHANIE MCQUILLAN VICE CHAIRPERSON 15.00 X 11400 0 0 VERONICA PIOTROWSKI TREASURER 15.00 X 11400 0 0 SANDRA WATTS SECRETARY 15.00 X 11400 0 0 BRIAN RACZYNSKI BOD MEMBER 10.00 X 9600 0 0 NICOLETTE LEMMON BOD MEMBER 10.00 X 9600 0 0 KYLE HALLSTORM BOD MEMBER 10.00 X 9600 0 0 GREGORY HARDEN CEO 40.00 X 403701 0 38461 MICHAEL NEILL VP CFO 40.00 X 129830 0 12390 JANET MOODIE SVP COO 40.00 X 246199 0 20141 YVETTE CLAY VP CLO 40.00 X 181924 0 23186 ANGELA SMITH VP CHIEF STRATEGIST 40.00 X 171598 0 19718 LISA WILMOT DIRECTOR MORTGAGE LENDING 40.00 X 153747 0 20106 PAUL BAUER III DIR. BUSINESS FINANCIAL SERVICES 40.00 X 174510 0 7651 MARTIN JACOBSEN AVP OF INFORMATION TECHNOLOGY 40.00 X 150430 0 27270 1689339 0 168923 26 0 1 0 2020 CENTRAL SPE LLC C/O SPERRY COMMERCIAL INC PO BOX LOS ANGELES CA 91716 COMMUNICATIONS 973974 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92016 CORE COMPUTER SYSTEM 819118 NCR CORPORATION 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 CARD SERVICES 508111 FISERV INC PO BOX 208457 DALLAS TX 75320 SYSTEM SUPPORT 472771 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 SOFTWARE 410544 19 INTEREST ON LOANS 522100 31312086 31312086 FEES & SERVICE CHARGES 522100 8319539 8319539 FINANCE & INSURANCE 520000 15828 15828 39647453 3351894 3351894 2305219 6792262 -4487043 -4487043 -4487043 INTERCHANGE INCOME 522100 4427263 4427263 OTHER OPERATING INCOME 522100 621116 621116 GAIN ON EQUITY SECURITIES 522100 71637 71637 5120016 43632320 43616492 15828 0 X 928122 12694973 572888 1425739 1009262 54017 65535 804539 1690387 2487593 5746282 1339807 105388 139377 9367036 1035166 146882 PROVISION FOR LOAN LOSS 2530681 LOAN SERVICING 2005537 MISCELLANEOUS 564413 MAINTENANCE AND REPAIRS 238918 230244 45182786 5594712 4963124 18463334 29861601 398294 281326 3758750 3758750 621583713 571912393 903121 931724 25750632 10796439 14483787 14954193 54481679 34609425 2946263 3410605 20564944 24187573 743178597 688870714 13777803 7398286 50000000 2000000 626855772 628043966 690633575 637442252 X 0 0 0 0 52545022 51428462 52545022 51428462 743178597 688870714 -1550466 433906 0 X X 0 1 X 1 0 4954022 4954022 12842934 6437591 6405343 7746975 4217917 3529058 206701 140931 65770 14954193 SHARE DRAFTS 134046638 SHARE ACCOUNTS 177354892 MONEY MARKET 167008945 IRA SHARES 13197742 BUSINESS 29222697 SHARE AND IRA CERTIFICATES 107213052 628043966 X 43632320 0 43632320 0 43632320 45182786 0 45182786 0 45182786 PART X, LINE 2: INCOME TAXES 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 X X X 0 1 0 GREGORY HARDEN CEO 388651 0 6050 0 9000 0 24363 0 14098 0 442162 0 0 0 JANET MOODIE SVP COO 232949 0 6050 0 7200 0 13588 0 6553 0 266340 0 0 0 YVETTE CLAY VP CLO 175874 0 6050 0 0 0 11101 0 12085 0 205110 0 0 0 ANGELA SMITH VP CHIEF STRATEGIST 163598 0 8000 0 0 0 7056 0 12662 0 191316 0 0 0 PAUL BAUER III DIR. BUSINESS FINANCIAL SERVICES 124976 0 49534 0 0 0 5281 0 2370 0 182161 0 0 0 MARTIN JACOBSEN AVP OF INFORMATION TECHNOLOGY 144380 0 6050 0 0 0 6518 0 20752 0 177700 0 0 0 LISA WILMOT DIRECTOR MORTGAGE LENDING 125362 0 28385 0 0 0 9365 0 10741 0 173853 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, YVETTE CLAY, AND MICHAEL NEILL THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR". UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH, THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. GREGORY HARDEN CEO COLLATERAL ASSIGNED SPLIT DOLLAR PREMIUMS X 1350000 1350000 0 1 1 JANET MOODIE COO COLLATERAL ASSIGNED SPLIT DOLLAR PREMIUMS X 1070000 1070000 0 1 1 YVETTE CLAY CLO COLLATERAL ASSIGNED SPLIT DOLLAR PREMIUMS X 537500 537500 0 1 1 MICHAEL NEILL VP/CFO COLLATERAL ASSIGNED SPLIT DOLLAR PREMIUMS X 801250 801250 0 1 1 3758750 FORM 990, SCHEDULE L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, YVETTE CLAY, AND MICHAEL NEILL THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR". UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH, THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EVERY TWO YEARS, THE CREDIT UNION'S FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B EVERY TWO YEARS, THE CREDIT UNION'S FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD PARTY CPA FIRM AND REVIEWED BY THE VP OF ACCOUNTING AND FINANCE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ASSOCIATION DUES 230,244. 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.