2012-05-14T16:02:24-05:00 2011-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2011-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1511 N PROJECT DRIVE TEMPE AZ 85281 DAVID L SKILTON 6027973000 2012-05-08 1 GERALD B KISSELL P00092658 6123324300 2011 2016-02-24 21:20:13Z HARRY MATEER 1511 N PROJECT DRIVE TEMPE AZ 85281 10404036 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 7 7 63 12 85609 -23263 0 0 10129337 9067640 739653 825990 0 510406 10868990 10404036 0 0 538178 299737 3902050 4243960 0 0 0 6154679 5168807 10594907 9712504 274083 691532 164045381 163350791 153835945 152439346 10209436 10911445 PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 THE MISSION OF ALTIER CREDIT UNION IS TO PROVIDE OUR 2,000+ MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS TO ENHANCE THEIR LIVES AND BUILD THEIR WEALTH. WE PROVIDE BASIC ACCOUNTS FOR SAVINGS, CHECKING, MONEY MARKETS AND CERTIFICATES OF DEPOSIT. ADDITIONALLY, WE PROVIDE LOANS FOR HOMES, AUTOS, HOME IMPROVEMENTS, CREDIT CARDS, LINES OF CREDIT AND RECREATIONAL VEHICLES. FURTHERMORE, WE PROVIDE ACCESS TO INSURANCE AND TRADITIONAL INVESTMENT PRODUCTS AS WELL. 0 0 0 0 0 0 1 0 1 1 0 0 1 0 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 0 1 3158 0 1 63 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 ALTIER CREDIT UNION 6027973000 1511 N PROJECT DRIVE TEMPE AZ 85281 JOHN BLEVINS 1.00 X X 0 0 0 JOSEPH NOWACZY 1.00 X X 0 0 0 KATHY DANIELSON 1.00 X X 0 0 0 BECKY HARSH 1.00 X X 0 0 0 BRANDON WHITING 1.00 X 0 0 0 STACY NEWMAN 1.00 X 0 0 0 ROSE PFISTER 1.00 X 0 0 0 HARRY M MATEER JR 40.00 X 204710 0 1268620 DAVID SKILTON 40.00 X 119058 0 12047 SUSAN M DEAL 40.00 X 147776 0 13017 GREGORY LINNEBUR 40.00 X 119374 0 16607 590918 0 1310291 4 0 1 0 UNITED HEALTHCARE DEPT CH 10151 PALATINE IL 600550151 HEALTH INSURANCE 442313 USERSFISERV 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 606756962 DATA PROCESSING 266346 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 900516606 WEB HOSTING 238630 3 INTEREST ON LOANS 522100 5085036 5085036 NSF/OD INCOME 522100 1385349 1385349 CHECK PROGRAMS 522100 658422 658422 NON OPERATING INCOME 522100 575569 561236 14333 FEES AND CHARGES 522100 454682 454682 908582 837306 71276 9067640 705729 705729 510406 510406 510406 510406 106029 14232 106029 14232 120261 120261 10404036 8982031 85609 1336396 299737 354435 2710486 423045 531948 224046 8504 230697 200933 1886426 783717 79550 14558 338669 PROVISION FOR LOAN LOSS 843848 NCUSIP STABILIZATION EX 376053 LOAN SERVICING 278850 HUMAN RESOURCE EXPENSE 44670 82332 9712504 959503 1147164 191861 664007 95093862 94760520 734654 865726 17328195 6871834 10714955 10456361 325900 351262 54112789 49239649 1911857 5866102 164045381 163350791 1216518 1727704 80665 64759 152538762 150646883 153835945 152439346 X 0 0 0 0 10209436 10911445 10209436 10911445 164045381 163350791 X 691532 10477 X 0 1 1 X 0 0 1 633078 633078 12313943 3411345 8902598 170779 117392 53387 4210395 3343097 867298 10456361 FIRSTCROP INVESTMENTS 2963677 F CERTIFICATE OF DEPOSITS 19618600 F COLLATERALIZED MORTGAGE OBLIGATIONS 4018454 F FEDERAL AGENCY SECURITIES 13366122 F FEDERAL RESERVE BANK 9216069 F OTHER INVESTMENTS 56727 F 49239649 MEMBER SHARES 150646883 150646883 10404036 9712504 691532 10477 10477 702009 10404044 8 8 10404036 0 10404036 9469953 0 9469953 242551 242551 9712504 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN AN ESCROW ACCOUNT IN ORDER TO PAY TAXES AND INSURANCE ON BEHALF OF ITS FANNIE MAE LOANS THAT WERE SOLD AND ARE CURRENTLY SERVICED BY THE CREDIT UNION. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION ADJUSTMENT REVERSAL 8. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ALLOWANCE FOR LOAN LOSS 214,202. 2010 PENSION ADJUSTMENT REVERSAL 28,349. X X 0 0 0 HARRY M MATEER JR 179198 0 25512 0 0 0 1259804 0 8816 0 1473330 0 0 0 SUSAN M DEAL 126896 0 20880 0 0 0 6184 0 6833 0 160793 0 0 0 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 AN EXTERNAL AUDITOR, EXTERNAL EXAMINER AND AN INTERNAL AUDITOR. 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 APPROVES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTS TO SEE THEM. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 10,477.