2016-11-15T14:54:53-06:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 860189823 FIRST AMERICAN CREDIT UNION FIRS 5208368848 958 E RODEO ROAD NO 16 CASA GRANDE AZ 85122 MARYBETH GITTINGS EVP/CLO 5208368848 2016-11-15 1 DOUGLAS J ORTH P01076394 3052328272 2015 2017-02-10 21:41:12Z ANTHONY WALKER 958 E RODEO ROAD SUITE 16 CASA GRANDE AZ 85122 8247867 0 X WWW.FIRSTAMERICAN.ORG X 1962 AZ MEMBER OWNED COOPERATIVE PROVIDING FINANCIAL SOLUTIONS TO PEOPLE WHO LIVE, WORK, WORSHIP OR VOLUNTEER IN PINAL COUNTY, AZ. 6 6 80 6 0 0 0 0 7787859 7881750 346044 366117 0 0 8133903 8247867 0 0 0 0 2584606 2800016 0 0 0 5031323 4711092 7615929 7511108 517974 736759 107509653 111004171 99797327 102629402 7712326 8374769 PROVIDE COMMUNITY BASED FINANCIAL SOLUTIONS, ANYTIME, ANYWHERE, ANYPLACE. 0 0 PROVIDING LOAN AND BANKING SERVICES TO CREDIT UNION MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 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 1 0 0 1 1947 0 1 80 1 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X MARYBETH GITTINGS 5208368848 958 E RODEO ROAD SUITE 16 CASA GRANDE AZ 85122 JOHN R MCEVOY CHAIRPERSON 1.00 X 0 0 0 ANTHONY T WALKER BOD MEMBER/PRESIDENT-CEO 40.00 X X 192829 0 38749 CLIFF KINSER BOD SECRETARY 1.00 X 0 0 0 SYLVIA MEJIA BOD TREASURER 1.00 X 0 0 0 NATHAN STUELAND BOD MEMBER 1.00 X 0 0 0 MARYBETH GITTINGS EVP/CLO 40.00 X 110796 0 14404 303625 0 53153 2 0 1 0 FISERV INC PO BOX 80123 CITY INDUSTRIES CA 917168123 CORE COMPUTER PROCESSOR 457888 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 ATM PURCHASES 282337 LAMACCHIA GROUP 157 N MILWAUKEE ST MILWAUKEE WI 53202 REMODEL 246565 PAINTED DESERT DEVELOPERS 12273 N CHINOOK DRIVE CASA GRANDE AZ 85122 CONSTRUCTION 227240 DIRECT DIGITAL 39285 TREASURY CENTER CHICAGO IL 606949200 STATEMENT SERVICES 106575 6 LOAN INCOME 522100 4264288 4264288 MEMBER FEE INCOME 522100 3617462 3617462 7881750 366117 366117 8247867 8247867 0 0 356778 356778 1760391 1760391 201697 201697 311064 311064 170086 170086 18370 18370 3400 3400 465261 465261 12940 12940 449170 449170 528670 528670 279511 279511 32462 32462 32535 32535 713629 713629 40979 40979 226833 226833 42971 42971 PROVISION FOR LOAN LOSS 772713 772713 ATM/DEBIT CARD SERVICES 383560 383560 LOAN SERVICING 367674 367674 MISCELLANEOUS 158267 158267 182147 182147 7511108 7511108 0 0 3328281 4649682 5396303 14655232 176267 277852 69695440 65167927 173664 142757 3477717 1303392 1157003 2174325 7349545 11997492 18937257 11004342 1295893 934562 107509653 111004171 1297658 1162169 1205798 97293871 101467233 99797327 102629402 X 0 0 0 0 7712326 8374769 7712326 8374769 107509653 111004171 736759 -74316 0 X 0 1 X 1 0 390114 390114 1745860 960738 785122 246860 14109 232751 1094883 328545 766338 2174325 BROKERED CERTIFICATES 4688000 C FIRST CORPORATE CU PCC 129833 C CATALYST CORPORATE PCC 210509 C CERTIFICATES OF DEPOSIT 5976000 C 11004342 SHARE DRAFTS 15375869 REGULAR SHARES 22027907 MONEY MARKET 18156629 CERTIFICATES OF DEPOSIT 43916118 IRA SHARES 1990710 101467233 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENT. 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 THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) 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 THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENT. ADDITIONALLY, NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENT RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2014, 2013, AND 2012 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. X 0 0 0 ANTHONY T WALKER BOD MEMBER/PRESIDENT-CEO 167829 0 15400 0 9600 0 25068 0 13681 0 231578 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE THOSE INDIVIDUALS WHO LIVE, WORK, WORSHIP OR VOLUNTEER IN PINAL COUNTY, AZ. PEOPLE OF THE NAVAJO NATION, AS WELL AS SELECT EMPLOYEE GROUPS (SEGS), AND THEIR FAMILIES WHO ARE PATRONS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT COARD OF DIRECTORS AT THE ANNUAL BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPORVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF 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 11 THE CREDIT UNION'S CHIEF ADMINISTRATIVE OFFICER, CHIEF EXECUTIVE OFFICER, AND ADMINISTRATIVE PROJECT MANAGER WILL REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS AN ETHICS POLICY WHICH MANDATES THAT EACH "OFFICIAL AND EMPLOYEE OF THE CREDIT UNION MUST SIGN THE STATEMENT WITHIN 30 DAYS OF BECOMING AN "OFFICIAL OR AN EMPLOYEE, AND EVERY BOARD MEMBER MUST SIGN AN UPDATED STATEMENT EACH OCTOBER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN EACH OF THE CREDIT UNION'S LOCATIONS. THE CREDIT UNION MAKES ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FIRST AMERICAN ASSURANCE AGENCY LLC 1001 N PINAL AVENUE CASA GRANDE AZ 85122 471089501 INSURANCE AZ 8737 1948 FIRST AMERICAN CU