2015-11-06T12:16:37-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 860189823 FIRST AMERICAN CREDIT UNION FIRS 5208368848 958 E RODEO ROAD Room 16 CASA GRANDE AZ 85122 MARYBETH GITTINGS EVPCLO 2015-11-06 true DOUGLAS ORTH 3052328272 2015-11-06 2014 2016-02-25 16:41:14Z ANTHONY WALKER 958 E RODEO ROAD SUITE 16 CASA GRANDE AZ 85122 8331846 false 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. 5 5 66 5 0 0 6919604 7787859 291380 346044 0 7210984 8133903 0 0 2182701 2584606 0 0 4660098 5031323 6842799 7615929 368185 517974 101260979 107509653 93835530 99797327 7425449 7712326 PROVIDE COMMUNITY BASED FINANCIAL SOLUTIONS, ANYTIME, ANYWHERE, ANYPLACE. false false PROVIDING LOAN AND BANKING SERVICES TO CREDIT UNION MEMBERS. false false false false false false false false false true true false false true false false true false false false false false false false false false false false true false false false false false false false false false false true false false false true 2100 0 true 66 true false false false false false false X 5 5 false false false false true true true true true false false true true true true true true true false false AZ X MARYBETH GITTINGS 5208368848 958 E RODEO ROAD SUITE 16 CASA GRANDE AZ 85122 JR MCEVOY CHAIRMAN 001.00 001.00 X 0 0 0 MICHAEL MEDRANO SECRETARY 001.00 001.00 X 0 0 0 JOSEPH HARDY VICE CHAIRMAN 001.00 001.00 X 0 0 0 MARLENE LYNCH BOD MEMBER 001.00 001.00 X 0 0 0 CLIFF KINSER BOARD MEMBER 001.00 001.00 X 0 0 0 ANTHONY WALKER CEO 040.00 040.00 X 169905 0 33567 JEANNE MAUNEY CFO 040.00 040.00 X 125674 0 17654 MARYBETH GITTINGS COO 040.00 040.00 X 100683 0 11777 396262 62998 3 false true false DIRECT DIGITAL SOLUTIONS 1905 WEST 3RD STREET TEMPE AZ 85281 DIGITAL SOLUTIONS 166339 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE SYSTEM 303071 2 LOAN INCOME 522100 4014520 4014520 MEMBER FEE INCOME 522100 3770354 3770354 OTHER INCOME 522100 2985 2985 7787859 339303 339303 204684 197943 6741 6741 6741 8133903 8133903 0 0 0 0 459260 459260 0 1515129 1515129 40185 40185 392316 392316 177716 177716 0 14647 14647 12221 12221 0 0 416611 416611 101308 101308 847669 847669 400187 400187 0 161554 161554 107624 107624 0 0 742012 742012 0 138080 138080 41654 41654 PROVISION FOR LOAN LOSS 1290352 1290352 FURNITURE/EQUIP RENTAL/MAINTENANCE 158421 158421 LOAN SERVICING 404399 404399 STATE/NCUA INSURANCE 2638 2638 191946 191946 7615929 7615929 7970961 3328281 27428040 5396303 226644 176267 62542511 69695440 481992 173664 3103968 1946965 1112571 1157003 7349545 18937257 1498260 1295893 101260979 107509653 1223575 1297658 1205798 92611955 97293871 93835530 99797327 X 7425449 7712326 7425449 7712326 101260979 107509653 517974 28521 -259618 X false true X true false false 290114 290114 1468920 946874 578391 -4202 1344934 1116901 288498 1157003 Financial derivatives and other financial products Closely-held equity interests BROKERED CERTIFICATES 17576000 F FIRST CORPORATE CU PCC 154748 F CATALYST CORPORATE PCC 210509 F CERTIFICATES 996000 F 18937257 Federal income taxes SHARE DRAFTS 10444686 REGULAR SHARES 21490067 MONEY MARKET 15228110 CERTIFICATES OF DEPOSIT 47996903 IRA SHARES 2134105 97293871 X X 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 501C14. 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 UNIONS 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 false false false ANTHONY WALKER CEO 122928 37377 9600 17278 16289 203472 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 BOARD OF DIRECTORS AT THE ANNUAL BOARD MEETINGS. Form 990, Part VI, Section A, Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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 UNIONS 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 UNIONS FINANCIAL STATEMENTS ARE POSTED IN EACH OF THE CREDIT UNIONS 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 321 173 FIRST AMERICAN CREDIT UNION