2014-05-14T07:50:04-05:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1511 N PROJECT DRIVE TEMPE AZ 85281 DAVID L SKILTON SVP/CFO 6027973000 2014-05-09 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z HARRY MATEER JR 1511 N PROJECT DRIVE TEMPE AZ 85281 18311688 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 7 7 76 12 82660 0 0 0 8115739 8129427 752467 1536881 512332 429790 9380538 10096098 0 0 211058 196768 4168953 4069438 0 0 0 4012670 4364549 8392681 8630755 987857 1465343 168726175 173181194 156810608 160143210 11915567 13037984 FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 CONSUMER LENDING - ALTIER CREDIT UNION PROVIDES CONSUMER LOANS FOR AUTOMOBILES AND CREDIT CARDS, AS WELL AS PROVIDING HOME EQUITY LINES OF CREDIT AND OTHER UNSECURED LINES OF CREDIT. DURING 2013, THE CREDIT UNION FUNDED 7,067 NEW LOANS AND DISBURSED $86,620,364 IN NEW LOAN BALANCES. CONSUMER DEPOSITS - ALTIER CREDIT UNION PROVIDES DEPOSIT SERVICES IN THE FORM OF SAVINGS, CHECKING, MONEY MARKET, AND CERTIFICATE OF DEPOSIT ACCOUNTS. AT THE CLOSE OF 2013, THE CREDIT UNION HAD 37,415 DEPOSIT ACCOUNTS AND $158,314,233 IN DEPOSIT BALANCES. OTHER CONSUMER PRODUCTS - ALTIER CREDIT UNION OFFERS DEBT CANCELLATION INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, EXTENDED VEHICLE WARRANTIES, AND ID THEFT MONITORING. 0 0 0 0 0 0 0 1 0 1 1 0 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 3565 0 1 76 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X HARRY MATEER JR 6027973000 1511 N PROJECT DRIVE TEMPE AZ 85281 JOSEPH NOWACZYK CHAIR 1.00 X X 0 0 0 KATHY DANIELSON VICE CHAIR 1.00 X X 0 0 0 ROSE PFISTER TREASURER 1.00 X X 0 0 0 YVONNE REININK SECRETARY 1.00 X X 0 0 0 CASEY WAMSLEY DIRECTOR 1.00 X 0 0 0 GEORGE NJOCK DIRECTOR 1.00 X 0 0 0 BRENDON O'CONNOR DIRECTOR 1.00 X 0 0 0 HARRY M MATEER JR PRESIDENT/CEO 40.00 X 207481 0 153870 DAVID SKILTON SVP/CFO 40.00 X 131799 0 30891 GREGORY LINNEBUR FINANCIAL NETWORK REP 40.00 X 156469 0 33593 495749 0 218354 3 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CREDIT CARD PROCESSING 417000 FISERV 75 REMITTANCE DRIVE STE 6962 CHICAGO IL 60675 DATA PROCESSING 321386 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 90051 DATA PROCESSING 293199 3 INTEREST ON LOANS 522100 4962484 4962484 NSF/OD INCOME 522100 1206545 1206545 CHECK PROGRAMS 522100 757931 757931 MISC. OPERATING INCOME 522100 751946 712370 39576 FEES AND CHARGES 522100 450521 407437 43084 8129427 459695 459695 490084 60294 429790 429790 429790 1432482 7800000 1447758 6707538 -15276 1092462 1077186 1077186 10096098 8046767 82660 1966671 196768 524041 2688088 175377 454805 227127 23231 226271 2126908 720338 80612 22 228764 LOAN SERVICING 274103 NCUSIF STABILIZATION EX 125949 PROVISION FOR LOAN LOSS 107889 HUMAN RESOURCE EXPENSE 57900 392562 8630755 807205 293744 585610 651715 105075339 121105759 1280286 1893693 8310203 3729280 9914633 4580923 373600 241900 44325212 42008645 6364290 2404815 168726175 173181194 1798889 1828977 52386 39079 154959333 158275154 156810608 160143210 X 0 0 0 0 11915567 13037984 11915567 13037984 168726175 173181194 1465343 -342926 0 X 0 1 X 1 0 0 1 X 1524784 1524784 2767848 251634 2516214 215917 194817 21100 3801654 3282829 518825 4580923 FIRSTCORP INVESTMENTS 405539 F CERTIFICATE OF DEPOSITS 17298600 F COLLATERALIZED MORTGAGE OBLIGATIONS 4656552 F FEDERAL AGENCY SECURITIES 7588284 F FEDERAL RESERVE BANK 5905890 F OTHER INVESTMENTS 967224 F CATALYST INVESTMENTS 1731202 F LIFE INSURANCE POLICIES 3455354 F 42008645 MEMBER SHARES 158275154 158275154 X 10093547 0 10093547 2551 2551 10096098 8639442 8687 8687 8630755 0 8630755 PART IV, LINE 2B: ESCROW ACCOUNT BALANCES ARE INCLUDED IN OUR DEPOSIT LIABILITIES. THESE ESCROW ACCOUNTS CONTAIN FUNDS DESIGNATED FOR PROPERTY TAXES AND INSURANCE PREMIUMS FOR HOME MORTGAGES. PART X, LINE 2: THE CREDIT UNION HAS FILED UBIT RETURNS (990-T) IN THE PAST, WHICH HAS RESULTED IN $50 OF INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012. THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2013 AND 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: PENSION ADJUSTMENT 2,551. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION ADJUSTMENT 8,687. X X 0 1 0 HARRY M MATEER JR PRESIDENT/CEO 178572 0 26804 0 2105 0 126250 0 27620 0 361351 0 0 0 DAVID SKILTON SVP/CFO 125135 0 6448 0 216 0 16250 0 14641 0 162690 0 0 0 GREGORY LINNEBUR FINANCIAL NETWORK REP 17935 0 138534 0 0 0 6250 0 27343 0 190062 0 0 0 PART I, LINE 4B HARRY M. MATEER, JR., CEO AND DAVID SKILTON, SVP/CFO PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE DISBURSED IN 2013. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S 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 FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER AND CFO, AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS MONITORED BY EXTERNAL AUDITORS AND EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES SALARY GRADES THAT ARE BASED ON COMPENSATION SURVEYS IN ITS INDUSTRY. THE BOARD OF DIRECTORS APPROVE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE NOT AVAILABE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTES TO SEE THEM. THE MEMBER MAY REQUEST THESE DOCUMENTS AT THE CU'S ADMINISTRATIVE OFFICES.