2015-11-13T17:03:04-06:00 2014-12-31 910189318 MOSS ADAMS LLP 8800 E RAINTREE DRIVE STE 210 SCOTTSDALE AZ 85260 990 2014-01-01 237124924 DEER VALLEY CREDIT UNION DEER 6023757300 16215 N 28TH AVENUE PHOENIX AZ 85053 ROBERT V SCOTT CEO 6023757300 2015-11-13 1 HERMAN GOINS P00793681 4804443424 2014 2016-03-07 17:11:31Z ROBERT V SCOTT 16215 N 28TH AVENUE PHOENIX AZ 85053 8135825 0 X WWW.DVCU.ORG X 1971 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 9 9 72 12 17383 -60269 0 0 6545582 6936258 1122300 981651 0 0 7667882 7917909 0 0 0 0 2443859 3163489 0 0 0 3795075 3853289 6238934 7016778 1428948 901131 204003585 204726268 187867189 187093145 16136396 17633123 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 1 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 2878 0 1 72 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 1 1 1 1 0 AZ X ROBERT V SCOTT 6023757300 16215 N 28TH AVENUE PHOENIX AZ 85053 ROGER ZOLLINGER CHAIRMAN 1.00 X X 0 0 0 EDWARD FRICK SECRETARY 1.00 X X 0 0 0 FRANK MARTINSON DIRECTOR 1.00 X 0 0 0 GREG MILLER DIRECTOR 1.00 X 0 0 0 DOUG LAPEDES DIRECTOR 1.00 X 0 0 0 STEVE WOLFE TREASURER 1.00 X X 0 0 0 CHRIS URNESS VICE-CHAIR 1.00 X X 0 0 0 HAROLD KINCH DIRECTOR 1.00 X 0 0 0 MELANIE MERRILL DIRECTOR 1.00 X 0 0 0 ROBERT SCOTT CEO 40.00 X 238451 0 18781 JANET BURGETT EVP/COO 40.00 X 138596 0 13502 GREGORY ALBANO SVP/CIO 40.00 X 113246 0 12001 MARK TRUMPP VP MARKETING 40.00 X 82285 0 6199 FRAN BURAZIN CFO 40.00 X 89383 0 5955 661961 0 56438 3 0 1 0 DH PO BOX 535120 ATLANTA GA 30353 CORE PROCESSING SYSTEM 247749 FIS PO BOX 4535 CAROL STREAM IL 60197 HOSTED SYSTEM IT SUPPORT 244141 CUBUS SOLUTIONS INC 3049A INDEPENDENCE DRIVE STE A LIVERMORE CA 94551 SOFTWARE 111263 3 INTEREST ON LOANS 522100 4452202 4452202 FEE INCOME 900099 2484056 2466673 17383 6936258 989488 989488 210079 217916 -7837 -7837 -7837 7917909 7908363 17383 -7837 X 718399 2002751 276078 166261 38638 37844 1325761 109433 378246 49343 308074 420742 66021 OPERATIONS 582946 PROVISION FOR LOAN LOSS 300000 236241 7016778 7420908 15640592 90305345 107158503 17163766 5497608 11490141 11666158 79816839 56306430 14970352 13954585 204003585 204726268 1777038 1764457 186090151 185328688 187867189 187093145 X 0 0 0 0 16136396 17633123 16136396 17633123 204003585 204726268 901131 595596 0 X 0 1 X 1 0 5255764 5255764 8868104 2739303 6128801 3039898 2758305 281593 11666158 AVAILABLE FOR SALE 27253500 F FEDERAL HOME LOAN BANK STOCK 777600 C OTHER INVESTMENTS 7008330 C HELD TO MATURITY 21267000 C 56306430 ACCRUED INTEREST RECEIVABLE 340110 NCUSIF DEPOSIT 1851633 OTHER ASSETS 939687 PRE-FUNDED BENEFIT CONTRACTS 10802153 ASSETS ACQUIRED IN LIQUIDATION 21002 13954585 ACCRUED INTEREST PAYABLE 9383 MONEY MARKET ACCOUNTS 37460420 SHARE AND IRA CERTIFICATES 33845095 SHARE DRAFT ACCOUNTS 46261807 SHARES 67751983 185328688 X 7917909 0 7917909 0 7917909 7016778 0 7016778 0 7016778 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. X X 0 1 0 ROBERT SCOTT CEO 238451 0 0 0 0 0 0 0 18781 0 257232 0 0 0 JANET BURGETT EVP/COO 138596 0 0 0 0 0 0 0 13502 0 152098 0 0 0 PART I, LINE 4B ROBERT SCOTT - $0 JANET BURGETT - $0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT BOARD AT ANNUAL MEETING FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY THE CEO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD OF DIRECTORS RESEARCHES APPROPRIATE CEO COMPENSATION BY EXAMINING INDUSTRY STATISTICS AND OTHER COMPARABLE CREDIT UNION DATA FOR CREDIT UNIONS OF COMPARABLE MEMBERSHIP SIZE AND IN COMPARABLE METROPOLITAN AREAS. THE CHAIRMAN THEN PRESENTS HIS FINDINGS AND RECOMMENDATION TO THE BOARD OF DIRECTORS WHICH THEN VOTES TO DETERMINE THE CEO'S COMPENSATION. MINUTES ARE KEPT FOR THIS ANNUAL COMPENSATION MEETING. THIS PROCESS IS REPEATED EACH YEAR IN OCTOBER. THE CEO DETERMINES SENIOR TEAM COMPENSATION. THE CEO UTILIZES SOFTWARE FROM A THIRD-PARTY COMPENSATION CONSULTANT TO STATISTICALLY DETERMINE APPROPRIATE COMPENSATION FOR SENIOR TEAM MEMBERS AT ALL LEVELS. THE CEO ALSO EXAMINES AGREED UPON ANNUAL PERFORMANCE PLANS, GOALS AND PERFORMANCE RESULTS. ALL DATA IS SAVED IN THE SOFTWARE. THIS PROCESS IS REPEATED EACH YEAR IN JANUARY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE BRANCH LOBBY. FORM 990, PART IX, LINE 11G IT RELATED 538,933. VISA CARD COSTS 504,711. SHARE DRAFT EXPENSES 108,432. SHARED BRANCHING COSTS 64,706. CREDIT/DEBIT CARDS 22,690. CONSULTING SERVICES 50,599. RECORD RETENTION EXPENSES 14,883. ATM RELATED EXPENSES 9,830. IRA ADMINISTRATION 8,284. ACH FEES 2,693.