2013-11-04T08:54:18-06:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2012-01-01 866050959 TRUWEST CREDIT UNION TRUW 6026292012 1667 N PRIEST DRIVE TEMPE AZ 85281 ALAN ALTHOUSE 6026292012 2013-10-17 1 JANIS ISAACSON P00089104 6022662248 2012 2016-03-07 17:11:31Z ALAN ALTHOUSE 1667 N PRIEST DRIVE TEMPE AZ 85281 40311051 0 X WWW.TRUWEST.ORG X 1952 AZ A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 9 9 262 14 325922 -274125 0 0 35890691 34780406 5920651 5530645 0 0 41811342 40311051 0 0 0 0 13034391 15155697 0 0 0 23457584 17460934 36491975 32616631 5319367 7694420 768817535 791363473 689015595 703658454 79801940 87705019 A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 0 0 THE CREDIT UNION IS ENGAGED IN PROVIDING LOW COST FINANCIAL SERVICES TO MEMBER/OWNERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11222 0 1 262 1 1 1 0 0 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 6026292009 1667 N PRIEST DRIVE TEMPE AZ 85281 THOMAS CUMMISKEY 1.00 X 0 0 0 JEFF HOMER 1.00 X 0 0 0 TIM NIESZ 1.00 X 0 0 0 DAVID PRECHTEL 1.00 X 0 0 0 SCOTT JOHS 1.00 X 0 0 0 JEFFREY MYERS 1.00 X 0 0 0 RICK O'CONNOR 1.00 X 0 0 0 MIKE MOULTON 1.00 X 0 0 0 MIKE VASKO 1.00 X 0 0 0 DAN DESMOND 40.00 X 301489 0 133235 ALAN ALTHOUSE 40.00 X 205075 0 77826 GARY BERNARD 40.00 X 177304 0 73064 FARID FARBOD 40.00 X 176288 0 37923 CHRIS KEARNEY 40.00 X 15822 0 553 JEFF PEABODY 40.00 X 72835 0 9285 KAREN BEJARANO 40.00 X 133801 0 24583 GARY YOST 40.00 X 126463 0 20720 SCOTT WILLIAMS 40.00 X 136337 0 9629 DARREN KENNON 40.00 X 127004 0 20489 CHRIS HEALY 40.00 X 119572 0 21172 TOM GESSEL 40.00 X 116253 0 4954 1708243 0 433433 10 1 1 0 PSCU 560 CARILLO PARKWAY ST PETERSBURG FL 33716 CREDIT CARD AND DEBIT CARD SERVICES 3321569 CIGNA HEALTH CARE 5621 COLLECTION CENTER DR CHICAGO IL 60693 HEALTH CARE 1662883 NCUA 1775 DUKE ST ALEXANDRIA VA 22314 TCCUSF ASSESSMENT AND NCUSIF PREMIUM 816875 NCR CORPORATION 14181 COLLECTION CENTER DR CHICAGO IL 60693 ATMS 722505 KINETICS SYSTEMS INC 15660 N DALLAS PARKWAY SUITE 1200 DALLAS TX 75248 RENT FOR HOME OFFICE 553500 5 PROGRAM SERVICE REVENU 522100 34454484 34454484 UNRELATED BUSINESS INCOME 524298 325922 325922 34780406 5530645 5530645 40311051 39985129 325922 0 X 2141676 10141836 560939 1444677 866569 290190 94017 3431758 986698 2770285 29441 150859 1411561 OPERATIONS 6990821 NCUSIF PREMIUM ASSESSME 635238 OTHER EXPENSES 504057 PROVISION FOR LOAN LOSS 443193 -277184 32616631 42249904 15634881 418484392 499673037 35030456 17684439 15515215 17346017 270533799 227799475 22034225 30910063 768817535 791363473 9289942 7898592 679725653 695759862 689015595 703658454 X 0 0 0 0 79801940 87705019 79801940 87705019 768817535 791363473 X 7694420 208659 X X 0 1 X 1 0 10200730 10200730 7798352 3594458 4203894 17031374 14089981 2941393 17346017 FEDERAL HOME LOAN BANK STOCK 4514300 C INVESTMENT SECURITIES - AVAILABLE F 217439107 F INVESTMENT SECURITIES - OTHER INVES 5846068 C 227799475 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS 2007 FORWARD. THE IRS AND STATE, WHERE APPPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAS DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012. X X X X X 0 0 0 DAN DESMOND 256193 0 40069 0 5227 0 118712 0 14523 0 434724 0 0 0 ALAN ALTHOUSE 178326 0 26749 0 0 0 63360 0 14466 0 282901 0 0 0 GARY BERNARD 154852 0 22452 0 0 0 58699 0 14365 0 250368 0 0 0 FARID FARBOD 155432 0 20856 0 0 0 28250 0 9673 0 214211 0 0 0 KAREN BEJARANO 123863 0 9938 0 0 0 10355 0 14228 0 158384 0 0 0 TOM GESSEL 116253 0 0 0 0 0 1975 0 2979 0 121207 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A FINANCIAL INSTITUTION CHARTERED ORIGINALLY UNDER THE FEDERAL CREDIT UNION ACT AND EVENTUALLY UNDER STATE LAW, THE ORGANIZATIONS DOES HAVE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE CREDIT UNION ELECTS THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS SUCH AS MERGERS REQUIRE APPROVAL OF THE MEMBERSHIP AND REGULATORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND THEN REVIEWED BY THE CFO. IT IS THEN REVIEWED WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. 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 FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE WHO REQUESTS THEM BY VISITING A BRANCH OFFICE. OTHER FEES FORM 990, PART IX, LINE 11G LOANEXP-APP FEES : TOTAL EXPENSES 39,778. LOANEXP-CRDTINVT : TOTAL EXPENSES 314,369. LNEXP-TXHMEQUITY : TOTAL EXPENSES 12,350. LNEXP-BLUE BOOKS : TOTAL EXPENSES 2,394. LNEXP-OTHLNCOSTS : TOTAL EXPENSES 61,559. LNEXP-1MORTPROC : TOTAL EXPENSES 25,090. LNEXP-DEALERSALE : TOTAL EXPENSES 12,557. LNEXP-EFT PHONE PAY : TOTAL EXPENSES 46,248. LNEXP-STDNTLOANS : TOTAL EXPENSES 1,436. BUS LOAN UNDERWRITING : TOTAL EXPENSES 12,261. LNEXP-GLDVISA SC : TOTAL EXPENSES 24,609. LNEXP-PLAT SCORE : TOTAL EXPENSES 811,997. LOANEXP-MSTRDEBT : TOTAL EXPENSES 819,581. LOANEXP-VISA STATEMENT PROC : TOTAL EXPENSES 1. LOANEXP-CLSC VSA : TOTAL EXPENSES 94,902. LOANEXP-VISAGOLD : TOTAL EXPENSES 51,371. LOANEXP-VISAPLAT : TOTAL EXPENSES 840,364. LOANEXP-VISABUSINESS : TOTAL EXPENSES 4,783. LOANEXP-SMLBALWRITEOFF : TOTAL EXPENSES -3. LOAN EXP-PLASTIC : TOTAL EXPENSES 249,630. LOANEXP-MDBTFRAD : TOTAL EXPENSES 6,481. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE 208,659. FORM 990, PAGE 12, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR THE AUDITED FINANCIAL STATEMENTS. ME-CUSO FINANCIAL SERVICES LLC 1667 N PRIEST DRIVE TEMPE AZ 85281 FINANCIAL PRODUCTS AND SERVICES AZ TRUWEST CREDIT UNION