2015-05-15T12:19:14-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2014-01-01 880132649 WESTSTAR CREDIT UNION WEST 7027914777 PO BOX 94138 LAS VEGAS NV 891934138 RICK SCHMIDT PRESIDENT/CEO 7027914777 2015-05-08 1 JANIS ISAACSON P00089104 6022662248 2014 2016-04-25 22:37:26Z RICK SCHMIDT PO BOX 94138 LAS VEGAS NV 891934138 15626808 0 X WWWW.WESTSTAR.ORG X CREDIT UNION 1975 NV A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 101 8 150745 -102614 0 0 5189574 5165391 4400816 4545363 0 0 9590390 9710754 0 0 0 0 3842308 4147460 0 0 0 4977782 4267164 8820090 8414624 770300 1296130 131381256 139062657 115114709 121457655 16266547 17605002 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, WESTSTAR CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 WESTSTAR CREDIT UNION PROVIDES VARIOUS LOAN PRODUCTS INCLUDING RESIDENTIAL MORTGAGES, AUTO LOANS, CREDIT CARDS, AND OTHER CONSUMER LOANS. WESTSTAR CREDIT UNION PROVIDES A VARIETY OF CHECKING AND SAVINGS ACCOUNTS TO MEET ITS MEMBERS' NEEDS. WESTSTAR CREDIT UNION PROVIDES MEMBERS FREE ACCESS TO THEIR ACCOUNT INFORMATION VIA THE INTERNET AND MOBILE DEVICES. THE CREDIT UNION ALSO PROVIDES AN EXTENSIVE ATM NETWORK WITH OVER 28,000 SURCHARGE FREE ATMS VIA A CO-OP NETWORK. 0 0 0 0 0 0 0 0 0 1 0 1 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 1370 0 1 101 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X RICK SCHMIDT 7027914777 2775 S RAINBOW BLVD LAS VEGAS NV 89146 CRAIG HAWKINS DIRECTOR 3.00 X 0 0 0 KEVIN ORROCK CHAIRMAN 3.00 X 0 0 0 DOUG MICHAEL SECRETARY 3.00 X 0 0 0 JOHN MARINO TREASURER 3.00 X 0 0 0 JEFF PERO VICE CHAIRMAN 3.00 X 0 0 0 CURTIS CHING AUDIT COMMITTEE MBR 3.00 X 0 0 0 MERV GUPTON AUDIT COMMITTEE MBR 3.00 X 0 0 0 JOAN SCRIVNER AUDIT COMMITTEE MBR 3.00 X 0 0 0 RICK SCHMIDT PRESIDENT/CEO 40.00 X 182299 0 16182 DION KOOP SVP/ CFO 40.00 X 117614 0 6038 299913 0 22220 2 0 1 0 DIEBOLD PO BOX 944399 PITTSBURGH PA 15264 ATM MACHINE SERVICER 252076 CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/DEBIT CARD SERVICING 243636 OFFICIAL PAYMENTS CORPORATION PO BOX 418410 BOSTON MA 02241 ONLINE BANKING 151524 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD SERVICING 143611 XO COMMUNICATIONS FILE 50550 LOS ANGELES CA 90074 TELEPHONE COMMUNICATIONS 136839 5 FEES AND CHARGES 522100 4265193 4265193 OTHER NON-INTEREST INCOME 522100 427691 427691 PROVISION FOR LOAN LOSSES 522100 226000 226000 NONMEMBER ATM FEES 522100 150745 150745 OVERDRAFT FEES 522100 95762 95762 5165391 4442789 4442789 4550709 1467919 4495662 1420392 55047 47527 102574 102574 9710754 9560009 150745 0 322133 3825327 44450 101943 37775 116397 984669 103745 OPERATIONS 2305521 OTHER EXPENSES 249979 LOAN SERVICING 208000 EDUCATIONAL 61347 53338 8414624 3394610 4338438 11193850 11089993 79966392 83697702 177604 237717 11474172 6738181 3954834 4735991 11531746 11577926 18115629 20852794 3046591 2532096 131381256 139062657 1002015 1187115 114112694 120270540 115114709 121457655 X 0 0 0 0 16266547 17605002 16266547 17605002 131381256 139062657 X 1296130 97369 -55044 X X 0 1 X 1 0 853629 853629 5000581 1690596 3309985 844852 696144 148708 4775110 4351441 423669 4735991 DEPOSITS IN OTHER FINANCIAL INSTITUTIONS 19716000 C OTHER INVESTMENTS 1136794 F 20852794 ACCRUED LIABILITIES 584499 MEMBERS SHARE AND SAVINGS ACCOUNTS 119686041 120270540 X 9710754 0 9710754 0 9710754 8414624 0 8414624 0 8414624 PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2014 AND 2013. X 1 1 X X X 0 1 0 RICK SCHMIDT PRESIDENT/CEO 182299 0 0 0 0 0 10000 0 6182 0 198481 0 0 0 PART I, LINE 4B RICK SCHMIDT 457(F) $10,000 FORM 990, PART VI, SECTION A, LINE 6 WESTSTAR CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. WESTSTAR CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF WESTSTAR CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 DATA SUBMITTED TO ACCOUNTING FIRM FOR TAX RETURN PREPARATION; FORM 990 REVIEWED BY MANAGEMENT AND THE BOARD FORM 990, PART VI, SECTION B, LINE 12C ALL POLICIES ARE REVIEWED BY MANAGEMENT AND APPROVED BY THE BOARD ANNUALLY AND DISTRIBUTED TO ALL EMPLOYEES ELECTRONICALLY WITH REQUEST FOR READ RECEIPT. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK ALL CONFLICTS OF INTEREST SITUATIONS MUST BE DISCLOSED FORM 990, PART VI, SECTION B, LINE 15 IN NORMAL CIRCUMSTANCES, COMPENSATION FOR ALL EMPLOYEES (INCLUDING THE CEO UNDER CONTRACT) IS REVIEWED ANNAULLY BY THE BOARD OF DIRECTORS AND COMPARED WITH INDEPENDENT, THIRD-PARTY DATA RELATED TO INDUSTRY AND REGIONAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: RECLASSIFICATION FOR GAINS ON SALES OF INVESTMENTS INCLUDED IN NET INCOME -55,047. ROUNDING 3. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OVERSEES THE AUDITED FINANCIAL STATEMENTS.