2025-10-03T11:47:58-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 SCOTT ODOM CFO 5202987882 2025-10-02 1 0 AUBREY CLEGG P01076395 3052328272 2025-10-02 2024 2025-03-06 01:10:19Z SANDRA SAGEHORN-ELLIOTT 2480 N ARCADIA AVE TUCSON AZ 85712 442219961 0 2111 X WWW.VANTAGEWEST.ORG X 1955 AZ WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 9 9 603 2 359743 0 185300 3688258 143857303 182140767 26108925 37564627 2119530 2170978 172271058 225564630 116223 255573 0 0 57664126 55667850 0 0 0 105808706 158651520 163589055 214574943 8682003 10989687 2893332767 3110546997 2653793109 2847636607 239539658 262910390 X WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43702 0 1 603 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT ODOM 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 ZIMMERMAN DOUGLAS BOARD CHAIRPERSON 5.00 X 37567 0 0 LUCERO MANUEL BOARD VICE CHAIRPERSON 5.00 X 30550 0 0 RINCON JOSE BOARD SECRETARY 5.00 X 32245 0 0 SCHAU HOPE BOARD TREASURER 5.00 X 30550 0 0 RILEY KARA BOARD MEMBER 5.00 X 30550 0 0 MEZA MARICELA BOARD MEMBER 5.00 X 31206 0 0 GUERRERO NAOMI BOARD MEMBER 5.00 X 30550 0 0 LOGAN ROBERT BOARD MEMBER 5.00 X 30550 0 0 ANTHONY KITT BOARD MEMBER 5.00 X 34214 0 0 ORTEGA KATHLEEN SUPERVISORY COMMITTEE MEMBER 5.00 X 11479 0 0 SPINK-COHEN STACEY SUPERVISORY COMMITTEE CHAIR 5.00 X 19692 0 0 GINSBERG MATTHEW SUPERVISORY COMMITTEE MEMBER 5.00 X 17675 0 0 MCCABE MICHELLE MARIE SUPERVISORY COMMITTEE MEMBER 5.00 X 7436 0 0 SAGEHORN-ELLIOTT SANDRA PRESIDENT/CEO 40.00 X 1308001 0 1641886 ODOM SCOTT EVP/CFO 40.00 X 462721 0 198807 HOYLE ROBERT CHIEF INFORMATION OFFICER 40.00 X 459520 0 221112 PAPOCCIA MARK CHIEF MBR EXPERIENCE OFFIC 40.00 X 394982 0 333221 PINARD JEREMY CHIEF LENDING OFFICER 40.00 X 440249 0 224683 GRIEGER SHARON CHIEF RISK OFFICER 40.00 X 605708 0 280030 DANIEL TOWNSEND SVP HR & ORG DEVELOPMENT 40.00 X 350697 0 101339 4366142 0 3001078 93 0 1 0 UPSTART NETWORK INC 2950 S DELAWARE ST SUITE 300 SAN MATEO CA 94403 THIRD PARTY LOAN ORIGINATING PARTNER 6139792 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 4672898 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 E-SERVICES SOFTWARE, MAINTENANCE AND CON 3733780 DBSI 6950 WEST MORELSO PL SUITE 1 CHANDLER AZ 85226 CONSTRUCTION CONTRACTOR 3637008 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURG PA 152643543 ATM AND CASH DISPENSER VENDOR, MAINTENAN 2235151 65 3668258 20000 3688258 INTEREST ON MEMBER LOANS 522100 148503274 148503274 FEES AND CHARGES 522100 33277750 33277750 FINANCE AND INSURANCE 520000 359743 359743 182140767 31363335 31363335 57157403 165699220 54239710 162415621 2917693 3283599 6201292 6201292 MISCELLANEOUS INCOME 522100 2170978 2170978 2170978 225564630 221516629 359743 0 X 243073 12500 3955679 40623591 1942287 6169852 2976441 78717 242664 907718 3655145 2808290 18354711 2232914 201617 1159691 62788264 248632 2690385 349541 PROVISION FOR LOAN LOSS 43608393 LOAN SERVICING 7568545 DEBIT CARD 6416966 REPAIRS AND MAINTENANCE 1973841 3365486 214574943 19968799 20824730 211115018 119126165 4315391 4930864 1987555877 2204597848 5959970 6922639 81138261 39574564 39840966 41563697 534441366 601632572 11615902 16876773 238658 78280820 94071709 2893332767 3110546997 57326717 52385426 6625867 2363673 200000000 200000000 2389840525 2592887508 2653793109 2847636607 X 0 0 0 0 239539658 262910390 239539658 262910390 2893332767 3110546997 10989687 12381045 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7631598 7631598 39877496 14613092 25264404 4102501 954596 3147905 28419237 23259276 5159961 1107429 747600 359829 41563697 SHARE DRAFT ACCOUNTS 554185574 REGULAR SHARE ACCOUNTS 398997372 PREMIUM SHARE ACCOUNTS 757588179 ESCROW ACCOUNTS 3496532 IRA SHARE ACCOUNTS 94769335 SHARE AND IRA CERTIFICATES 783850516 2592887508 X 230175521 4610891 4610891 225564630 0 225564630 214574943 0 214574943 0 214574943 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 FAMILY HOUSING RESOURCES 3505 N CAMPBELL AVE SUITE 501 TUCSON AZ 85719 860750139 501(C)(3) 25000 0 HOUSING SUPPORT AND FINANCIAL EDUCATION FILENE RESEARCH INSTITUTION INC 5901 NUBERAK OINT RD MADISON WI 53705 391645910 501(C)(3) 22917 0 MEMBER VOICE SPONSORSHIP YOUTH ON THEIR OWN 2525 N COUNTRY CLUB RD TUCSON AZ 85716 860644388 501(C)(3) 10000 0 PROGRAM SUPPORT THE PRIMAVERA FOUNDATION 151 W 40TH ST TUCSON AZ 85713 870733182 501(C)(3) 10000 0 HOUSING SUPPORT COMMUNITY INVESTMENT CORPORATION 2033 E GRANT ROAD TUCSON AZ 85719 860837146 501(C)(3) 10000 0 HOUSING SUPPORT HABITAT FOR HUMANITY TUCSON 3501 N MOUNTAIN AVE TUCSON AZ 85719 942725100 501(C)(3) 10000 0 HOUSING SUPPORT GOSPEL RESCUE MISSION CENTER OF OPPORTUNITY 4550 S PALO VERDE RD TUCSON AZ 85714 866054088 501(C)(3) 10000 0 PROGRAM SUPPORT 7 0 EDUCATIONAL SCHOLARSHIPS 5 12500 SCH I, PART I, LINE 2 THESE ARE CHARITABLE CONTRIBUTIONS. THEY ARE NOT GRANTS. THEREFORE, THERE IS NO SUBSEQUENT MONITORING BY THE CREDIT UNION. THE VANTAGE WEST SCHOLARSHIP IS OPEN TO APPLICANTS WHO, AT THE TIME OF ENTRY, HAVE: (A) APPLIED TO AND ANTICIPATE ACCEPTANCE; OR (B) BEEN ACCEPTED INTO, AND ARE EITHER (I) CURRENTLY ENROLLED IN; OR (II) PLAN TO ATTEND, A POST-SECONDARY EDUCATIONAL INSTITUTION LOCATED WITHIN THE STATE OF ARIZONA FOR THE FOLLOWING FALL SEMESTER. APPLICANTS MUST BE EITHER A VANTAGE WEST MEMBER IN GOOD STANDING, OR WHO HAVE A PARENT OR LEGAL GUARDIAN WHO IS A VANTAGE WEST MEMBER IN GOOD STANDING. ACADEMIC MERIT IS A KEY CONSIDERATION, BUT OUR SELECTION PROCESS ALSO WEIGHS IMPORTANT FACTORS INCLUDING, BUT NOT LIMITED TO: - QUALITY AND CONTENT OF THE REQUIRED ESSAYS - OVERALL CHARACTER AND DRIVE TO SUCCEED, AS DEMONSTRATED BY VOLUNTEERISM/PHILANTHROPIC ACTIVITIES, EMPLOYMENT STATUS, GPA, AND/OR OTHER ACCOMPLISHMENTS AND PERSONAL ACHIEVEMENTS - EXTRACURRICULAR ACTIVITIES SUCH AS SPORTS, CLUBS, OR OTHER COMMUNITY INVOLVEMENT - EVIDENCE OF FINANCIAL NEED, WITH ANY DETAILS ADDRESSED IN THE ESSAYS X 1 1 X X X X 0 1 0 SAGEHORN-ELLIOTT SANDRA PRESIDENT/CEO 913487 0 373863 0 20651 0 1608136 0 33750 0 2949887 0 0 0 GRIEGER SHARON CHIEF RISK OFFICER 276242 0 76838 0 252628 0 254892 0 25138 0 885738 0 175168 0 PAPOCCIA MARK CHIEF MBR EXPERIENCE OFFIC 311527 0 79707 0 3748 0 300021 0 33200 0 728203 0 0 0 HOYLE ROBERT CHIEF INFORMATION OFFICER 358342 0 99203 0 1975 0 188312 0 32800 0 680632 0 0 0 PINARD JEREMY CHIEF LENDING OFFICER 343925 0 94670 0 1654 0 192433 0 32250 0 664932 0 0 0 ODOM SCOTT EVP/CFO 363968 0 96778 0 1975 0 166777 0 32030 0 661528 0 0 0 DANIEL TOWNSEND SVP HR & ORG DEVELOPMENT 268688 0 74480 0 7529 0 76368 0 24971 0 452036 0 0 0 PART I, LINE 4B THE CREDIT UNION IMPLEMENTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EMPLOYEES. THE AMOUNT OF FUTURE BENEFIT ACCRUED BY THE CREDIT UNION DURING 2024 FOR EACH PARTICIPANT IS REPORTED AS PART OF "OTHER COMPENSATION" REPORTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C, UNDER 'RETIREMENT AND OTHER DEFERRED COMPENSATION." A LIST OF THE PARTICIPANTS AND THE 2024 ACCRUED BENEFIT EXPENSE FOR EACH IS PROVIDED BELOW. SAGEHORN-ELLIOTT, SANDRA: $1,587,436 ODOM, SCOTT: $149,401 HOYLE, ROBERT: $168,934 PINARD, JEREMY: $174,676 PAPOCCIA, MARK: $279,321 GRIEGER, SHARON: $239,863 DURING 2024 THE FOLLOWING PARTICIPANTS RECEIVED SERP BENEFIT PAYOUTS: GRIEGER, SHARON: $250,000 THE CREDIT UNION IMPLEMENTED A 457F PLAN FOR CERTAIN EMPLOYEES. THE AMOUNT OF FUTURE BENEFIT ACCRUED BY THE CREDIT UNION DURING 2024 FOR EACH PARTICIPANT IS REPORTED AS PART OF "OTHER COMPENSATION" REPORTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C, UNDER 'RETIREMENT AND OTHER DEFERRED COMPENSATION." A LIST OF THE PARTICIPANTS AND THE 2024 ACCRUED BENEFIT EXPENSE FOR EACH IS PROVIDED BELOW. TOWNSEND, DANIEL: $58,523 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVE 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 11B THE DIRECTOR, FINANCE IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. A THIRD PARTY CPA FIRM IS RETAINED TO ASSIST IN THE PREPARATION AND E-FILING OF FORM 990. A DRAFT VERSION OF THE RETURN IS REVIEWED BY THE CREDIT UNION'S CFO, THEN PROVIDED TO THE CEO AND THE BOARD OF DIRECTORS FOR REVIEW. ONCE ALL REVIEWS ARE COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED IN TWO WAYS - 1) UPON HIRING, EMPLOYEES ARE REQUIRED TO READ AND CERTIFY THEIR ACCEPTANCE OF THE POLICY, AND 2) A REPORTING TOOL PROVIDED BY A THIRD PARTY IS AVAILABLE FOR EMPLOYEES TO ANONYMOUSLY REPORT ANY ETHICAL VIOLATIONS OF WHICH THEY ARE AWARE. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR OTHER OFFICER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY HUMAN RESOURCES AND THE CEO, UTILIZING DATA FROM INDUSTRY BENCHMARKS AND COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 907,718. FORM 990, PART IX, LINE 24E FRAUD LOSSES 1,949,838. MISCELLANEOUS EXPENSE 508,477. DEPOSIT SERVICING EXPENSE 507,061. ATM CURRENCY MANAGEMENT 400,110. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.