2016-08-15T13:38:43-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 860098350 ARIZONA CENTRAL CREDIT UNION ARIZ 6022646421 2020 N CENTRAL AVENUE NO 1200 PHOENIX AZ 85004 TODD A PEARSON CEO 6022646421 2016-08-15 1 DOUGLAS J ORTH P01076394 3052328272 2015 2016-09-27 15:27:22Z TODD A PEARSON 2020 N CENTRAL AVENUE PHOENIX AZ 85004 49029368 0 2111 X WWW.AZCENTRALCU.ORG X 1939 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 7 7 252 10 58347 -57226 0 0 19625722 22164232 2181428 1187423 5414214 5373922 27221364 28725577 0 0 0 0 9954636 10526166 0 0 0 15706497 17960209 25661133 28486375 1560231 239202 433484790 438935959 396987925 402151694 36496865 36784265 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 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 SAVING 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 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8313 0 1 252 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 0 1 1 1 0 AZ X GREG HARDEN 6025238253 2020 N CENTRAL AVENUE SUITE 1200 PHOENIX AZ 85004 RWOLPERT BOD CHAIRMAN 1.00 X 0 0 0 B RACZYNSKI BOD VICE CHAIRMAN 1.00 X 0 0 0 L PFEIFFER BOD MEMBER 1.00 X 0 0 0 S WATTS SECRETARY 1.00 X 0 0 0 J RIDDLE BOD MEMBER 1.00 X 0 0 0 T DWYER BOD MEMBER 1.00 X 0 0 0 M DENKE TREASURER 1.00 X 0 0 0 T PEARSON CEO 40.00 X 291415 0 13753 ADAM JONES EVP 40.00 X 163982 0 15364 GREG HARDEN CFO 40.00 X 144676 0 20987 JANET MOODIE VP COO 40.00 X 123770 0 19362 LISA WILMOT DIR. MORTGAGE OPERATIONS 40.00 X 123415 0 15932 BRONWYN MEDLEY VP CMO 40.00 X 114233 0 6527 MICHELLE BRADSHAW VP CIO 40.00 X 111669 0 13583 CHARLES KALBERG DIR. BUSINESS LENDING 40.00 X 102502 0 20921 1175662 0 126429 8 0 1 0 DIGITAL INSIGHT 1300 SEAPORT BOULEVARD SUITE 300 REDWOOD CA 94063 SYSTEM SUPPORT 975151 FISERV 4801 E THISTLE LANDING DRIVE PHOENIX AZ 85044 SYSTEM SUPPORT 555652 DBSI 6950 W MORELOS PLACE CHANDLER AZ 85226 CONSTRUCTION 484308 ACKER ADVERTISEMENT 11811 N TATUM BLVD PHOENIX AZ 85028 ADVERTISING 343299 NCR CORP 3097 SATELLITE BLVD DULUTH GA 30096 SYSTEM SUPPORT 262632 14 INTEREST ON LOANS 522100 17174931 17174931 FEES & SERVICE CHARGES 522100 4930954 4930954 UNRELATED BUSINESS INCOME 900099 58347 58347 22164232 1096820 1096820 1608438 0 1608438 1608438 1608438 20394394 20303791 90603 90603 90603 MISCELLANEOUS INCOME 522100 3765484 3765484 3765484 28725577 28667230 58347 0 650177 650177 7950747 7950747 265293 265293 1007382 1007382 652567 652567 92759 92759 56224 56224 1084679 1084679 1674314 1674314 1898608 1898608 3529982 3529982 1368253 1368253 105976 105976 31336 31336 704387 704387 1654023 1654023 157945 157945 PROVISION FOR LOAN LOSS 3483211 3483211 LOAN SERVICING 1035422 1035422 MAINTENANCE AND REPAIRS 515571 515571 MISCELLANEOUS 337353 337353 230166 230166 28486375 28486375 0 0 4668785 4691395 4968858 30580496 258311 189007 320605293 327423785 1081919 1182580 53178403 24100955 29202142 29077448 63341634 32196841 2996127 2725718 6361721 10868689 433484790 438935959 5250845 5462172 20000000 371737080 396689522 396987925 402151694 X 0 0 0 0 36496865 36784265 36496865 36784265 433484790 438935959 X 239202 85406 -37208 X 0 1 X 1 0 6208591 6208591 34333819 12831182 21502637 542861 540250 2611 12093132 10729523 1363609 29077448 SHARE DRAFTS 70002154 SHARES 110892915 MONEY MARKET 123045783 IRA SHARES 13340667 BUSINESS 19572590 SHARE AND IRA CERTIFICATES 59835413 396689522 X 28725577 0 28725577 0 28725577 28486375 0 28486375 0 28486375 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 FINANCIAL STATEMENTS. 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 DETERMINE THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS 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 THEN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X 1 1 X X 0 0 0 T PEARSON CEO 268659 0 13756 0 9000 0 3609 0 10144 0 305168 0 0 0 ADAM JONES EVP 153801 0 2981 0 7200 0 4561 0 10803 0 179346 0 0 0 GREG HARDEN CFO 135634 0 1842 0 7200 0 4385 0 16602 0 165663 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT EVERY TWO YEARS THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT EVERY TWO YEARS THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CFO. 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 XI, LINE 9: RECLASSIFICATION ADJUSTMENT FOR AMORTIZED PENSION LOSSES INCLUDED IN NI 126,352. NET PENSION LOSSES -72,957. RECLASSIFICATION ADJUSTMENT FOR INVESTMENT GAINS INCLUDED IN NET INCOME -90,603.