2013-08-08T10:09:34-00:00 2012-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2012-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 PO BOX 15115 TUCSON AZ 857080115 SCOTT ODOM 2013-08-07 true DOUGLAS ORTH 3052328272 2012 2016-02-24 21:20:13Z Robert D Ramirez 2480 North Arcadia Avenue Tucson AZ 85712 75653243 false 2111 X WWW.VWESTCU.ORG X CREDIT UNION 1955 AZ PEOPLE HELPING PEOPLE ACHIEVE THEIR FINANCIAL GOALS...OUR 1 PRIORITY. 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. 7 7 497 15 1003918 -204838 0 70354175 72556968 2273499 1453888 0 72627674 74010856 0 0 23467854 25405760 0 0 35849075 34520736 59316929 59926496 13310745 14084360 1115685909 1173366422 982859346 1026483523 132826563 146882899 PEOPLE HELPING PEOPLE ACHIEVE THEIR FINANCIAL GOALS...OUR 1 PRIORITY. 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. false false 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. false false true false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false true false false false false false false false false false true 28518 0 true 497 true true true false false false false false X 7 7 false false false false true true false true true false false false true false true true true true true false AZ X SCOTT ODOM VP-FINANCE 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 DR WHITTAKER 003.00 003.00 X 0 0 0 WL GUM 003.00 003.00 X 0 0 0 CH MATTHEWSON 003.00 003.00 X 1147 0 0 G GONZALEZ 003.00 003.00 X 1344 0 0 T BRANHAM 003.00 003.00 X 1593 0 0 L MARQUEZ-PETERSON 003.00 003.00 X 0 0 0 G SMITH 003.00 003.00 X 1467 0 0 T MARIN 003.00 003.00 X 771 0 0 E SANTARELLI 003.00 003.00 X 0 0 0 RD RAMIREZ 040.00 040.00 X 472900 0 623517 SB ODOM 040.00 040.00 X 133013 0 57436 B GORDON 040.00 040.00 X 137365 0 46740 R ALMAZAN 040.00 040.00 X 180974 0 72923 S MOTT 040.00 040.00 X 168122 0 90102 G BRAM 040.00 040.00 X 152581 0 88598 S LUEDERS 040.00 040.00 X 128551 0 56612 1379828 1035928 14 false true false INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING 1594104 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH PA 152643543 ATM MAINTENANCE 1466768 THE BABLOVE AGENCY INC 220 E SPEEDWAY BLVD TUCSON AZ 857057427 AD AGENCY 1325658 DIMENSION DEVELOPMENT LLC 1501 N 15TH AVE TUCSON AZ 85705 BUILDING CONSTRUCTION/REMODELING 1003980 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE SYSTEM LICENSE/MAINTENANCE 896127 43 UNRELATED BUSINESS INCOME 523000 755291 755291 UNRELATED BUSINESS INCOME 524298 248627 248627 FEES AND CHARGES 522100 13195117 13195117 OTHER NON-INTEREST INCOME 522100 1091994 1091994 INTEREST ON MEMBER LOANS 522100 57265939 57265939 72556968 1582312 1582312 1513963 1642387 -128424 -128424 -128424 74010856 73006938 1003918 0 0 0 0 1293188 1293188 0 19620026 19620026 957887 957887 1975326 1975326 1559333 1559333 0 64986 64986 109574 109574 0 0 304915 304915 2310230 2310230 3660826 3660826 1686911 1686911 0 1746450 1746450 118707 118707 0 526159 526159 4507671 4507671 0 2966728 2966728 295436 295436 See attached schedule 16222143 16222143 0 59926496 59926496 15756923 17088843 71470063 63568160 4022215 4031263 851341992 950514151 1397566 2017373 52062329 23448823 28001979 28613506 99637679 55851467 7539420 8081020 3195570 2986843 33322502 40613796 1115685909 1173366422 14704100 16764642 968155246 1009718881 982859346 1026483523 X 132826563 146882899 132826563 146882899 1115685909 1173366422 14084360 -28024 X false true X true false 10000 10000 10000 true COALITION FOR CREDIT UNION ACCESS c/o BECU MS 1016-1 12770 GATEWAY DR TUKWILA WA 98168 10000 false 9413222 9104397 20837858 6131348 14706510 706550 427094 279456 20896107 16581556 4314551 208592 208592 28613506 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFT ACCOUNTS 160606097 REGULAR SHARE ACCOUNTS 112657309 PREMIUM SHARE ACCOUNTS 461375665 ESCROW ACCOUNTS 805799 IRA SHARE ACCOUNTS 142802526 SHARE AND IRA CERTIFICATES 131447269 PREMIUM ON CERTIFICATES ACQUIRED THROUGH ACQUISITION 24216 1009718881 X 74139280 74139280 -128424 -128424 74010856 60054920 128424 128424 59926496 59926496 X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE 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 THE INTERNAL REVENUE CODE IRC SECTION 50414. 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 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 UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2011, 2010, AND 2009 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. XI 4b LOSSES ASSOCIATED WITH THE SALE OF OREO AND FIXED ASSETS INCLUDED IN EXPENSES FOR FINANCIAL REPORTING PURPOSES IN THE AUDITED FINANCIAL STATEMENTS, BUT NETTED AGAINST REVENUES FOR THE PURPOSES OF THE FORM 990. XII 2d LOSSES ASSOCIATED WITH THE SALE OF OREO AND FIXED ASSETS INCLUDED IN EXPENSES FOR FINANCIAL REPORTING PURPOSES IN THE AUDITED FINANCIAL STATEMENTS, BUT NETTED AGAINST REVENUES FOR THE PURPOSES OF THE FORM 990. X true true X X X false false false RD RAMIREZ 432800 40100 610671 12846 1096417 SB ODOM 124497 8516 44922 12514 190449 B GORDON 129447 7918 43664 3076 184105 R ALMAZAN 169649 11325 63245 9678 253897 S MOTT 156922 11200 77399 12703 258224 G BRAM 140888 10943 750 75904 12694 241179 S LUEDERS 120203 8198 150 44293 12319 185163 FIRST CORPORATE CREDIT UNION R. RAMIREZ IS ON BOD 282373 PAYMENT AND LIQUIDATION SERVICES false 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 EACH MEMBER OF THE BOARD OF DIRECTORS. Form 990 Part VI Section B Line 11A THE VP OF FINANCE IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS PRESIDENT/CEO. ONCE THIS REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. Form 990 Part VI Section B Line 15 THE REVIEW OF THE CEOS 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 CEOS COMPENSATION. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. Form 990 Part VI Section C Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part VI Section B Line 12C THE ORGANIZATIONS 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.