2015-11-02T18:11:54-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2014-01-01 866050959 TRUWEST CREDIT UNION TRUW 6026292012 1667 N PRIEST DRIVE TEMPE AZ 85281 ALAN ALTHOUSE CHIEF FINANCIAL OFFICER 6026292012 2015-10-22 1 JANIS ISAACSON P00089104 6022662248 2014 2016-04-25 22:37:26Z ALAN ALTHOUSE 1667 N PRIEST DRIVE TEMPE AZ 85281 56435985 0 X WWW.TRUWEST.ORG X 1952 AZ A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 9 9 261 14 349902 -294574 0 0 40049631 42030768 4428446 3785897 0 0 44478077 45816665 0 11250 0 0 17180713 17391954 0 0 0 19371477 23041520 36552190 40444724 7925887 5371941 826260838 893629857 734790895 797936125 91469943 95693732 A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 0 0 THE CREDIT UNION PROVIDES ITS MEMBER-OWNERS LOW COST FINANCIAL SERVICES INCLUDING FINANCIAL PLANNING. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14829 0 1 261 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X ALAN ALTHOUSE 6026292012 1667 N PRIEST DRIVE TEMPE AZ 85281 THOMAS CUMMISKEY CHAIRMAN 1.00 X 0 0 0 JEFF HOMER BOARD MEMBER 1.00 X 0 0 0 JEFFREY MYERS SECRETARY 1.00 X 0 0 0 DAVID PRECHTEL VICE CHAIRMAN 1.00 X 0 0 0 TIM NIESZ BOARD MEMBER 1.00 X 0 0 0 MIKE MOULTON BOARD MEMBER 1.00 X 0 0 0 SCOTT JOHS TREASURER 1.00 X 0 0 0 RICK O'CONNOR BOARD MEMBER 1.00 X 0 0 0 MIKE VASCO BOARD MEMBER 1.00 X 0 0 0 ALAN ALTHOUSE PRESIDENT & CHIEF FINANCIAL OFFICER 40.00 X 272531 0 111025 GARY BERNARD EVP CHIEF OPERATIONS OFFICER 40.00 X 226055 0 83001 DAN DESMOND PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X 425842 0 137198 FARID FARBOD SVP CHIEF LENDING OFFICER 40.00 X 206646 0 80575 CHRIS KEARNEY SVP CHIEF INFORMATION OFFICER 40.00 X 199057 0 52784 JEFF PEABODY SVP CHIEF MARKETING OFFICER 40.00 X 196782 0 16272 BRENT CATTANI FINANCIAL ADVISOR II 40.00 X 168105 0 23954 SCOTT WILLIAMS VP COMMERCIAL LENDING 40.00 X 164251 0 9822 DARREN KENNON FINANCIAL ADVISOR II 40.00 X 162499 0 27858 KAREN BEJARANO VP BRANCH OPERATIONS 40.00 X 152246 0 27506 GARY YOST VP HUMAN RESOURCES 40.00 X 147466 0 22449 2321480 0 592444 22 0 1 0 DBSI INCORPORATED 6950 W MORELOS PL CHANDLER AZ 85226 CONSTRUCTION-BRANCH BUILDOUT AND REMODEL 2753490 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 22716 CREDIT AND DEBIT CARD SERVICES 2161360 NEXTNET PARTNERS LLC 2227 W BASELINE ROAD 103 TEMPE AZ 85283 NETWORK CONSULTANTS 1064737 FISERV 255 FISERV DR BROOKFIELD WI 53045 CORE PROCESSING SYSTEM 937801 BREAKAWAY LOYALTY LLC 555 N POINT CENTER E SUITE 230 ALPHARETTA GA 30022 CREDIT CARD REWARDS 548380 26 PROGRAM SERVICE REVENUE 522100 41680866 41680866 UNRELATED BUSINESS INCOME 524298 349902 349902 42030768 3525322 3525322 10262904 616991 10114852 504468 148052 112523 260575 260575 45816665 45466763 349902 0 X 11250 2913925 10733895 726821 1966524 1050789 174575 91777 4960903 1875858 2745499 60139 166638 1410634 OPERATIONS 8014550 PROVISION FOR LOAN LOSS 2815773 OTHER EXPENSES 725174 40444724 6992921 7789794 21147483 37905556 634301190 723181941 35855932 15471192 17385883 20384740 118952492 77377235 27480869 26990591 826260838 893629857 7837196 10917374 726953699 787018751 734790895 797936125 X 0 0 0 0 91469943 95693732 91469943 95693732 826260838 893629857 X 5371941 -1148152 X X 0 1 X 1 0 10200730 10200730 10094081 4311990 5782091 15561121 11159202 4401919 20384740 FEDERAL HOME LOAN BANK STOCK 10575000 C INVESTMENT SECURITIES - AVAILABLE F 62788098 F INVESTMENT SECURITIES - OTHER INVES 4014137 C 77377235 MEMBER DEPOSIT ACCOUNTS 787018751 787018751 X 45816665 0 45816665 0 45816665 40444724 0 40444724 0 40444724 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. 1 SCHOLARSHIP 3 11250 PART I, LINE 2: THE CHECKS ARE ISSUED DIRECTLY TO THE INDIVIDUAL'S SCHOOL IN THE UNITED STATES. X X X X X 0 0 0 ALAN ALTHOUSE PRESIDENT & CHIEF FINANCIAL OFFICER 225549 0 45600 0 1382 0 70523 0 40502 0 383556 0 0 0 GARY BERNARD EVP CHIEF OPERATIONS OFFICER 189755 0 36300 0 0 0 66229 0 16772 0 309056 0 0 0 DAN DESMOND PRESIDENT & CHIEF EXECUTIVE OFFICER 350200 0 68400 0 7242 0 125524 0 11674 0 563040 0 0 0 FARID FARBOD SVP CHIEF LENDING OFFICER 171195 0 34700 0 751 0 69717 0 10858 0 287221 0 0 0 CHRIS KEARNEY SVP CHIEF INFORMATION OFFICER 164103 0 34954 0 0 0 12282 0 40502 0 251841 0 0 0 JEFF PEABODY SVP CHIEF MARKETING OFFICER 164403 0 31800 0 579 0 9759 0 6513 0 213054 0 0 0 BRENT CATTANI FINANCIAL ADVISOR II 164382 0 3723 0 0 0 7182 0 16772 0 192059 0 0 0 SCOTT WILLIAMS VP COMMERCIAL LENDING 151181 0 13070 0 0 0 9822 0 0 0 174073 0 0 0 DARREN KENNON FINANCIAL ADVISOR II 158921 0 3578 0 0 0 11086 0 16772 0 190357 0 0 0 KAREN BEJARANO VP BRANCH OPERATIONS 137632 0 14614 0 0 0 11842 0 15664 0 179752 0 0 0 GARY YOST VP HUMAN RESOURCES 135796 0 11670 0 0 0 10775 0 11674 0 169915 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A FINANCIAL INSTITUTION CHARTERED ORIGINALLY UNDER THE FEDERAL CREDIT UNION ACT AND STATE LAW, THE ORGANIZATION DOES HAVE MEMBERS/OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE GOVERNING BODY OF THE INSTITUTION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS SUCH AS MERGERS AND CONVERSIONS TO A DIFFERENT CHARTER TYPE REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S CEO AND/OR THE CFO PRESENT THE FORM TO THE GOVERNING BODY DURING ONE OF ITS REGULAR MONTHLY MEETINGS, THE BOARD REVIEWS THE FORM PRESENTED BY THE OFFICERS AND FORMALLY MAKE A MOTION TO APPROVE THE FORM BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C REGULARLY MONITOR AND REVIEW ACTIVITY OF THE ENTITY FOR POTENTIAL CONFLICTS. FOR EXAMPLE, ALL LOANS TO MEMBERS OF THE BOARD OF DIRECTORS ARE UNDERWRITTEN BY STAFF USING STANDARD UNDERWRITING GUIDELINES FOR ALL MEMBERS, WITH THE SAME RATES AND TERMS AVAILABLE TO ALL MEMBERS, AND THEN REPORTED TO AND RATIFIED BY THE FULL BOARD OF DIRECTORS. BOARD MEMBERS ALSO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 TRUWEST PERIODICALLY EVALUATES/RE-EVALUATE POSITIONS WITH HRN MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT ALL THE BRANCH LOCATIONS, AUDITED FINANCIALS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G LOAN APPLICATION FEES 55,497. CREDIT REPORTS 523,920. MORTGAGE LOAN EXPENSES TEXAS 13,351. LOAN EXPENSES BLUE BOOK 2,380. LOAN EXPENSES OTHER 11. LOAN EXPENSES 1ST MORTGAGE PROCESS 272,966. AUTO DEALERS BUSINESS DEVELOPMENT EXPENSE 39,361. PHONE-PAY EXPENSES 112,104. STUDENT LOAN RELATED FEES 980. BUS LOAN UNDERWRITING RELATED EXPENSES 32,279. VISA-BUSINESS REWARDS-PLATINUM 9,179. VISA SIGNATURE TRUREWARDS 1,237,900. VISA PLATINUM TRUREWARDS 216,454. MASTERCARD DEBIT EXPENSE 989,089. VISA SIGNATURE PROCESSING 738,788. VISA GOLD PROCESSING FEES -4,174. VISA PLATINUM PROCESSING FEES 479,957. VISA BUSINESS PROCESSING FEES 2,689. SMALL BALANCE WRITE OFF -9. PLASTIC CARD FRAUD EXPENSE 225,529. MASTERCARD DEBIT CARD FRAUD LOSSES 12,652. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE -1,148,156. ROUNDING 4. FORM 990, PAGE 12, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR THE AUDITED FINANCIAL STATEMENTS.