2011-05-09T09:08:46-05:00 2010-12-31 RSM MCGLADREY INC 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2010-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1511 N PROJECT DRIVE TEMPE AZ 85281 DAVID L SKILTON 6027973000 2011-05-05 1 COLLIN F BUZZELL 6125738750 2010 2016-02-24 21:20:13Z HARRY MATEER 1511 N PROJECT DRIVE TEMPE AZ 85281 10886659 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 7 7 60 12 77532 -34779 0 0 12824502 10129337 358057 739653 0 0 13182559 10868990 0 0 1598918 538178 4096538 3902050 0 0 0 7850333 6154679 13545789 10594907 -363230 274083 170955922 164045381 161031006 153835945 9924916 10209436 X PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 1 0 THE MISSION OF ALTIER CREDIT UNION IS TO PROVIDE OUR 20,000+ 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 0 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 4832 0 1 60 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 PATRICIA MORCOM 1.00 X X 0 0 0 KATHY DANIELSON 1.00 X X 0 0 0 BECKY HARSH 1.00 X 0 0 0 STACY NEWMAN 1.00 X 0 0 0 BRANDON WHITING 1.00 X 0 0 0 SARA MCCOY 1.00 X 0 0 0 MARCIE GREENBERG 1.00 X 0 0 0 HARRY M MATEER JR 40.00 X 189232 0 4176 DAVID SKILTON 40.00 X 107030 0 3682 SUSAN M DEAL 40.00 X 117215 0 4128 GREGORY LINNEBUR 40.00 X 115113 0 4056 528590 0 16042 4 0 1 0 UNITED HEALTHCARE DEPT CH 10151 PALATINE IL 600550151 HEALTH INSURANCE 443888 USERSFISERV 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 606756962 SOFTTWARE MAINTENANCE 273113 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 900516606 WEB HOSTING 249596 3 INTEREST ON LOANS 522100 5988251 5988251 NSF/OD INCOME 522100 1709024 1709024 CHECK PROGRAMS 522100 621609 621609 FEES AND CHARGES 522100 507009 507009 NON OPERATING INCOME 522100 11163 11163 1292281 1214749 77532 10129337 757172 757172 150 17669 -17519 -17519 -17519 10868990 10051805 77532 739653 538178 304119 2772355 825576 5464 337111 160694 1944166 792308 60967 6568 366865 35909 PROVISION FOR LOAN LOSS 1715848 NCUSIP STABILIZATION EX 405302 LOAN SERVICING 226998 DUES 30015 PROVISION FOR CONSUMER 25665 40799 10594907 1516641 959503 786288 191861 111614439 95093862 892475 734654 16964932 6249977 11359847 10714955 365766 325900 42271768 54112789 2148698 1911857 170955922 164045381 1206799 1216518 89514 80665 159734693 152538762 161031006 153835945 X 0 0 0 0 9924916 10209436 9924916 10209436 170955922 164045381 X 274083 10437 X 0 0 0 1 1 633078 633078 12313943 3103685 9210258 130737 95205 35532 3887174 3051087 836087 10714955 FIRSTCROP INVESTMENTS 15793317 F CERTIFICATE OF DEPOSITS 22125600 F COLLATERALIZED MORTGAGE OBLIGATIONS 3315303 F FEDERAL AGENCY SECURITIES 11519492 F FEDERAL RESERVE BANK 1302089 F OTHER INVESTMENTS 56988 F 54112789 MEMBER SHARES 152538762 152538762 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: A FIN48 ANALYSIS WAS NOT COMPLETED FOR THE YEAR ENDED DECEMBER 31, 2010. X X 0 0 0 HARRY M MATEER JR 164097 0 0 0 25135 0 3338 0 838 0 193408 0 0 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE CREDIT UNION ADDED STUDENT CHECKING ACCOUNTS, CHANGED VISA TO VARIABLE RATE, AND ADDED POOL LOANS DURING 2010. 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 OUR INDUSTRY. THE BORAD 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 AVAILABLE TO MEMBERS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 10,437.