2015-05-15T12:18:48-05:00 2014-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2014-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1650 S PRIEST DRIVE TEMPE AZ 85281 HARRY M MATEER JR CEO 6027973000 2015-05-15 1 GERALD B KISSELL P00092658 6123324300 2014 2016-03-07 17:11:31Z X HARRY M MATEER JR 1650 S PRIEST DRIVE TEMPE AZ 85281 14480935 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 7 7 78 12 91742 -20832 0 0 8129427 8680133 1536881 572518 429790 0 10096098 9252651 0 0 196768 195021 4069438 4370358 0 0 0 4364549 4404530 8630755 8969909 1465343 282742 173181194 177783585 160143210 164608494 13037984 13175091 FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 CONSUMER LENDING - ALTIER CREDIT UNION PROVIDES CONSUMER LOANS FOR AUTOMOBILES AND CREDIT CARDS, AS WELL AS PROVIDING HOME EQUITY LINES OF CREDIT AND OTHER UNSECURED LINES OF CREDIT. DURING 2014, THE CREDIT UNION FUNDED 6,828 NEW LOANS AND DISBURSED $70,136,254 IN NEW LOAN BALANCES. CONSUMER DEPOSITS - ALTIER CREDIT UNION PROVIDES DEPOSIT SERVICES IN THE FORM OF SAVINGS, CHECKING, MONEY MARKET, AND CERTIFICATE OF DEPOSIT ACCOUNTS. AT THE CLOSE OF 2014, THE CREDIT UNION HAD 37,983 DEPOSIT ACCOUNTS AND $162,414,071 IN DEPOSIT BALANCES. OTHER CONSUMER PRODUCTS - ALTIER CREDIT UNION OFFERS DEBT CANCELLATION INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, EXTENDED VEHICLE WARRANTIES, AND ID THEFT MONITORING. 0 0 0 0 0 0 0 1 0 1 1 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 4310 0 1 78 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X HARRY MATEER JR 6027973000 1650 SOUTH PRIEST DRIVE TEMPE AZ 85281 KATHY DANIELSON CHAIR 1.00 X X 0 0 0 ROSE PFISTER VICE CHAIR 1.00 X X 0 0 0 BRENDAN O'CONNOR TREASURER 1.00 X X 0 0 0 YVONNE REININK SECRETARY 1.00 X X 0 0 0 CASEY WAMSLEY DIRECTOR 1.00 X 0 0 0 GEORGE NJOCK DIRECTOR 1.00 X 0 0 0 JOSEPH NOWACZYK DIRECTOR 1.00 X 0 0 0 HARRY M MATEER JR PRESIDENT/CEO 40.00 X 220701 0 144257 DAVID SKILTON SVP/CFO 40.00 X 140787 0 26067 GREGORY LINNEBUR FINANCIAL NETWORK REP 40.00 X 127552 0 28981 489040 0 199305 3 0 1 0 LGE DESIGN BUILD 740 N 52ND STREET SUITE 200 PHOENIX AZ 85008 CONSTRUCTION 1275613 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 90051 DATA PROCESSING 384833 FLEMING COMPLETE 133 EAST COMSTOCK DR SUITE 1 CHANDLER AZ 85225 CONSTRUCTION 375367 FISERV PO BOX 80123 CITY OF INDUSTRY CA 91716 DATA PROCESSING 360634 WALKER SECURITY 4108 E WINSLOW AVE PHOENIX AZ 85040 CONSTRUCTION 263585 9 INTEREST ON LOANS 522100 5512436 5512436 NSF/OD INCOME 522100 1264287 1264287 CHECK PROGRAMS 522100 914196 914196 MISC. OPERATING INCOME 522100 565211 514194 51017 FEES AND CHARGES 522100 424003 383278 40725 8680133 443921 443921 5353381 3500 5219880 8404 133501 -4904 128597 128597 9252651 8588391 91742 572518 195021 548515 2859447 160763 542155 259478 15632 196092 2240015 593428 124617 55 290881 LOAN SERVICING 284000 PROVISION FOR LOAN LOSS 206361 453449 8969909 293744 105370 651715 651224 121105759 129727113 1893693 1943752 9064631 2033497 4580923 7031134 241900 308400 42008645 35625366 2404815 2391226 173181194 177783585 1828977 2194423 39079 30363 158275154 162383708 160143210 164608494 X 0 0 0 0 13037984 13175091 13037984 13175091 173181194 177783585 282742 -145635 0 X 0 1 X 1 0 0 1 X 1524784 1524784 4380139 343175 4036964 638507 221475 417032 2519112 1468847 1050265 2089 2089 7031134 FIRSTCORP INVESTMENTS 294791 F CERTIFICATE OF DEPOSITS 15916600 F COLLATERALIZED MORTGAGE OBLIGATIONS 3653599 F FEDERAL AGENCY SECURITIES 4317586 F FEDERAL RESERVE BANK 5587680 F OTHER INVESTMENTS 820822 F CATALYST INVESTMENTS 1468738 F LIFE INSURANCE POLICIES 3565550 F 35625366 MEMBER SHARES 162383708 162383708 X 9252651 0 9252651 0 9252651 8992717 22808 22808 8969909 0 8969909 PART IV, LINE 2B: ESCROW ACCOUNT BALANCES ARE INCLUDED IN OUR DEPOSIT LIABILITIES. THESE ESCROW ACCOUNTS CONTAIN FUNDS DESIGNATED FOR PROPERTY TAXES AND INSURANCE PREMIUMS FOR HOME MORTGAGES. PART X, LINE 2: THE CREDIT UNION HAS FILED UBIT RETURNS (990-T) IN THE PAST, WHICH HAS RESULTED IN $50 OF INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013. THE CREDIT UNION'S 2011 THROUGH 2014 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2014 AND 2013. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION ADJUSTMENT 22,808. X X 0 1 0 HARRY M MATEER JR PRESIDENT/CEO 190357 0 27609 0 2735 0 126548 0 28054 0 375303 0 0 0 DAVID SKILTON SVP/CFO 133839 0 6641 0 307 0 16548 0 15877 0 173212 0 0 0 GREGORY LINNEBUR FINANCIAL NETWORK REP 19055 0 108497 0 0 0 6548 0 27914 0 162014 0 0 0 PART I, LINE 4B HARRY M. MATEER, JR., CEO AND DAVID SKILTON, SVP/CFO PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE DISBURSED IN 2014. FORM 990, PART I, LINE 6 THE 12 VOLUNTEERS REPORTED CONSIST OF THE 7 UNCOMPENSATED BOARD OF DIRECTORS AND 5 SUPERVISORY COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE 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 FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER AND CFO, AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS MONITORED BY EXTERNAL AUDITORS AND EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES SALARY GRADES THAT ARE BASED ON COMPENSATION SURVEYS IN ITS INDUSTRY. THE BOARD OF DIRECTORS APPROVE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTS TO SEE THEM. THE MEMBER MAY REQUEST THESE DOCUMENTS AT THE CU'S ADMINISTRATIVE OFFICES AND DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).