ARIZONA FINANCIAL CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ARIZONA FINANCIAL CREDIT UNION (EIN 86-0101004)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202403209349311280
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T11:57:59+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9600 Brownsboro Road Suite 400 | AddressLine1Txt |
| City | Louisville | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 402413902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860101004 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Arizona Financial Credit Union | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ARIZ | BusinessNameControlTxt |
| Phone | 6026831160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 N 44TH STREET | AddressLine1Txt |
| City | Phoenix | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85008 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Travis Fonnesbeck | PersonNm |
| Person Title | SVP & Chief Financial Officer | PersonTitleTxt |
| Phone | 6026831160 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kim Scifres | PreparerPersonNm |
| PTIN | P01316095 | PTIN |
| Phone | 5023263996 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Amy Hysell | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 N 44TH STREET | AddressLine1Txt |
| City | Phoenix | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $379,009,332 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.arizonafinancial.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2022 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | The purpose of Arizona Financial Credit Union is to promote thrift and to provide credit to its members. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 798 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $12,776,501 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $2,997,399 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $64,339,105 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $164,491,472 | CYProgramServiceRevenueAmt |
| PY Investment Income | $13,861,816 | PYInvestmentIncomeAmt |
| CY Investment Income | $34,325,289 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,816,945 | PYOtherRevenueAmt |
| CY Other Revenue | $5,401,941 | CYOtherRevenueAmt |
| PY Total Revenue | $80,017,866 | PYTotalRevenueAmt |
| CY Total Revenue | $204,218,702 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,218 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $189,323 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $33,267,468 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $74,189,585 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $31,550,662 | PYOtherExpensesAmt |
| CY Other Expenses | $93,538,575 | CYOtherExpensesAmt |
| PY Total Expenses | $64,824,348 | PYTotalExpensesAmt |
| CY Total Expenses | $167,917,483 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $15,193,518 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $36,301,219 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,171,193,266 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,314,738,957 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,928,964,231 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,013,013,637 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $242,229,035 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $301,725,320 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The purpose of Arizona Financial Credit Union is to promote thrift and to provide credit to its members. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | ARIZONA FINANCIAL CREDIT UNION (AZFCU) IS A STATE CHARTERED COOPERATIVE ASSOCIATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS. THE CREDIT UNION PROVIDES MORTGAGE, VEHICLE AND OTHER CONSUMER AND COMMERCIAL LOANS TO ITS MEMBERS. THE CREDIT UNION ALSO OFFERS A VARIETY OF ACCOUNTS FOR MEMBERS TO TRANSACT AND SAVE, INCLUDING SHARE DRAFT ACCOUNTS AND SHARE CERTIFICATES. AS A MEMBER-OWNED ORGANIZATION, THE CREDIT UNION STRIVES TO PROVIDE COMPETITIVE INTEREST AND DIVIDEND RATES TO ITS MEMBERS AND CONVENIENT WAYS FOR MEMBERS TO ACCESS THEIR ACCOUNTS, INCLUDING ONLINE AND MOBILE BANKING AND SHARED BRANCHING SERVICES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AZFCU OFFERS CREDIT LIFE AND DISABILITY INSURANCE TO ITS MEMBERS WHEN THEY FINANCE A VEHICLE OR OPEN A CREDIT CARD. THIS INSURANCE WOULD PAY OFF THE LOAN IN THE CASE OF A DEATH OR DISABILITY. AZFCU OFFERS AUTO WARRANTIES AT FAIR PRICES TO ITS MEMBERS. THESE WARRANTIES ARE COMPREHENSIVE AND HELP WITH THE COSTS OF REPAIR OF THE VEHICLE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 66006 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 798 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Travis Fonnesbeck | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6026831160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 N 44TH STREET | AddressLine1Txt |
| City | Phoenix | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85008 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| David Albertson | ||||||||
| Board Vice chairperson | 3.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Libby Bissa | ||||||||
| Board Secretary | 3.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| William Greene | ||||||||
| Board Chairperson | 3.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Zeek Ojeh | ||||||||
| Board Treasurer | 3.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Cathleen Gleason | ||||||||
| Board Member | 3.0 | Yes (X) | $18,000 | $0 | $0 | |||
| Jeffrey Barton | ||||||||
| Board Member | 3.0 | Yes (X) | $0 | $0 | $0 | |||
| Jennifer Genga | ||||||||
| Board Member | 3.0 | Yes (X) | $0 | $0 | $0 | |||
| KELVIN SMITH | ||||||||
| BOARD MEMBER (PARTIAL YEAR) | 3.0 | Yes (X) | $0 | $0 | $0 | |||
| Kim Baldwin | ||||||||
| Board Member | 3.0 | Yes (X) | $0 | $0 | $0 | |||
| ROY LAVENDA | ||||||||
| BOARD MEMBER (PARTIAL YEAR) | 3.0 | Yes (X) | $0 | $0 | $0 | |||
| Timothy Black | ||||||||
| Board Member | 3.0 | Yes (X) | $3,186 | $0 | $0 | |||
| Amy Hysell | ||||||||
| President/CEO | 40.0 | Yes (X) | $645,144 | $0 | $229,738 | |||
| Travis Fonnesbeck | ||||||||
| SVP & CFO | 40.0 | Yes (X) | $270,445 | $0 | $98,183 | |||
| Chad Forkenbrock | ||||||||
| EVP & Chief Operating Officer | 40.0 | $344,587 | $0 | $178,956 | Yes (X) | |||
| Gregory Thorell | ||||||||
| SVP Residential Lending | 40.0 | $425,070 | $0 | $122,409 | Yes (X) | |||
| Jason Paprocki | ||||||||
| EVP & Chief Strategy Officer | 40.0 | $441,092 | $0 | $100,673 | Yes (X) | |||
| Juan Ruiz | ||||||||
| EVP & Chief People and Culture Officer | 40.0 | $316,853 | $0 | $92,356 | Yes (X) | |||
| Michael Thorell | ||||||||
| Arizona Market President & Chief Lending Officer | 40.0 | $438,676 | $0 | $138,408 | Yes (X) | |||
| Ronald Westad | ||||||||
| Advisor | 40.0 | $1,338,714 | $0 | $30,924 | Yes (X) | |||
| Travis Merrell | ||||||||
| SVP & Chief Credit Officer | 40.0 | $320,913 | $0 | $97,419 | Yes (X) | |||
| William Randall Gaston | ||||||||
| SVP & Commercial Lending | 40.0 | $423,463 | $0 | $102,903 | Yes (X) | |||
| Diane Hank | ||||||||
| General Counsel & Chief Compliance Officer | 40.0 | $287,657 | $0 | $62,145 | Yes (X) | |||
| Jared Shintaku | ||||||||
| Director of Gov. Guaranteed Loan Production | 40.0 | $287,921 | $0 | $42,236 | Yes (X) | |||
| Melissa Gullotta Brown | ||||||||
| SVP & Member Services | 40.0 | $304,339 | $0 | $133,687 | Yes (X) | |||
| Ryan West | ||||||||
| Investment Representative | 40.0 | $293,827 | $0 | $36,275 | Yes (X) | |||
| Scott Willits | ||||||||
| Commercial Loan Officer | 40.0 | $294,850 | $0 | $40,644 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,454,737 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,506,956 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 113 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| DBSI | ||||||
| 6950 W Morelos Place | Suite 1 | Chandler | AZ | 85226 | Design Services | $931,597 |
| Diebold Incorporated | ||||||
| PO Box 643543 | Pittsburgh | AL | 15264 | ATM Services | $921,315 | |
| PSCU Incorporated | ||||||
| 560 Carillon Parkway | St Petersburg | FL | 33716 | After hours customer service | $746,562 | |
| Mark A Kirkorsky pc | ||||||
| PO Box 25287 | Tempe | AZ | 85385 | Credit Collections | $694,727 | |
| Financial Statement Services | ||||||
| 3300 S Fairview St | Santa Ana | CA | 92704 | Print & Mail Outsourcing | $400,876 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 33 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $0 | GovernmentGrantsAmt |
| All Other Contributions | $0 | AllOtherContributionsAmt |
| Noncash Contributions | $0 | NoncashContributionsAmt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| INTEREST ON LOANS | 522291 | $102,507,689 | $102,507,689 | $0 | $0 |
| FEES AND SERVICE CHARGES | 522130 | $21,444,978 | $21,084,234 | $360,744 | $0 |
| Interchange Revenue | 522130 | $26,831,664 | $26,831,664 | $0 | |
| Insurance | 524143 | $13,381,341 | $965,584 | $12,415,757 | $0 |
| Warranty Income | 524128 | $325,800 | $325,800 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $164,491,472 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,572,330 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,572,330 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $173,340,851 | SecuritiesAmt |
| Other | $202,738 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $174,696,651 | SecuritiesAmt |
| Other | $93,979 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,355,800 | SecuritiesAmt |
| Other | $108,759 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,247,041 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$1,247,041 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| OTHER INCOME | 522130 | $5,401,941 | $5,401,941 | $0 | |
| $0 | $0 | $0 | $0 | ||
| $0 | $0 | $0 | $0 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,401,941 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $204,218,702 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $157,116,912 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $12,776,501 | UnrelatedBusinessRevenueAmt |
| Exclusion | $34,325,289 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $189,323 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,178,112 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,404,771 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,247,753 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,482,401 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,876,548 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,924 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,412 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,919,800 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,596,201 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,666,530 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,936,564 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,958,796 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $770,020 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,312,767 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,938,338 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $449,687 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Debit and ATM Processing Fees | $10,573,013 |
| Loan Servicing Expense | $8,016,701 |
| Loan Losses | $4,415,519 |
| Dues and Subscriptions | $320,554 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,133,749 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,917,483 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,705,527 | BOYAmt |
| EOY | $22,587,213 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,883,149 | BOYAmt |
| EOY | $428,086,034 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $100,038 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,678,498,651 | BOYAmt |
| EOY | $1,821,968,362 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $91,673,449 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $43,626,542 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,836,264 | BOYAmt |
| EOY | $48,046,907 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $984,604,598 | BOYAmt |
| EOY | $712,836,083 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,816,430 | BOYAmt |
| EOY | $24,094,555 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,786,075 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,455,188 | BOYAmt |
| EOY | $123,460,478 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,607,384 | BOYAmt |
| EOY | $133,559,287 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,171,193,266 | BOYAmt |
| EOY | $3,314,738,957 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,692,752 | BOYAmt |
| EOY | $59,142,298 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $16,613 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,882,271,479 | BOYAmt |
| EOY | $2,953,854,726 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,928,964,231 | BOYAmt |
| EOY | $3,013,013,637 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,229,035 | BOYAmt |
| EOY | $301,725,320 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,229,035 | BOYAmt |
| EOY | $301,725,320 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,171,193,266 | BOYAmt |
| EOY | $3,314,738,957 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $36,301,219 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $16,056,866 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $7,138,200 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,407,234 | OtherCostOrOtherBasisAmt |
| Book Value | $13,407,234 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,152,962 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,258,711 | DepreciationAmt |
| Book Value | $26,894,251 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,604,601 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,511,642 | DepreciationAmt |
| Book Value | $92,959 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,091,300 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,856,189 | DepreciationAmt |
| Book Value | $7,235,111 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $417,352 | OtherCostOrOtherBasisAmt |
| Book Value | $417,352 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $48,046,907 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Operating Lease Liabilities | $2,294,448 |
| Members' share accounts | $2,751,136,109 |
| Borrowings | $200,424,169 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,953,854,726 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part IV, Line 2b Explanation of escrow agreement | ESCROW ACCOUNTS ARE HELD TEMPORARILY FOR CURRENT CUSTOMERS ENGAGED IN LOAN ACTIVITY. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The Credit Union is exempt, by statute, from federal and state income taxes. However, effective July 1, 2022, with approval of the Credit Union's change in charter from federal to state, the Credit Union is subject to unrelated business income tax. The Credit Union's wholly owned subsidiaries, WSFG and AFIS, are subject to state and federal income tax. Operations of the Credit Union and wholly owned subsidiaries resulted in an insignificant amount of income taxes for the years ended December 31, 2023 and 2022. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (10 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Natural Restorations | ||||||||
| 67 S Higley Rd | STE 103-118 | Gilbert | AZ | 85296 | 814745055 | 501(C)3 | $7,500 | General Support |
| Down Syndrome Network Inc | ||||||||
| 1445 E Guadalupe Rd | STE 103 | Tempe | AZ | 85283 | 611409048 | 501(C)3 | $10,000 | General Support |
| Families Raising Hope | ||||||||
| 312 East Brook Hollow Dr | Phoenix | AZ | 85022 | 873713882 | 501(C)(3) | $7,500 | General Support | |
| United Sound Inc | ||||||||
| 1136 E Harmony Ave | STE 201 | Mesa | AZ | 85204 | 471534338 | 501(C)(3) | $15,000 | General Support |
| Creighton Community Foundation Inc | ||||||||
| 3219 E Camelback Rd | 376 | Phoenix | AZ | 85018 | 462275877 | 501(C)(3) | $10,000 | General Support |
| Matthew's Crossing | ||||||||
| 1368 N Arizona Ave | STE 112 | Chandler | AZ | 85225 | 550896414 | 501(C)(3) | $10,000 | General Support |
| Barn House Community | ||||||||
| 7624 W Banff Lane | Peoria | AZ | 85381 | 862403073 | 501(C)(3) | $10,000 | General Support | |
| National Credit Union Foundation Inc | ||||||||
| 5710 Mineral Point Rd | Madison | WI | 53705 | 391383650 | 501(C)(3) | $10,000 | General Support | |
| 100 Club of Arizona | ||||||||
| 333 N 44th St | Phoenix | AZ | 85008 | 237172077 | 501(C)(3) | $30,000 | General Support | |
| Wilson School District #7 | ||||||||
| 3025 E Fillmore St | Phoenix | AZ | 85008 | School | $15,000 | General Support | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 10 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | Funding for community donations and contributions is included in the annual financial plan, and approved by the Board of Directors. Donations made are reported to the Board of Directors on a monthly basis for review. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amy Hysell | ||||||||||||||
| President/CEO | $632,364 | $0 | $250 | $0 | $12,530 | $0 | $226,483 | $0 | $3,255 | $0 | $874,882 | $0 | $0 | $0 |
| Travis Fonnesbeck | ||||||||||||||
| SVP & CFO | $257,848 | $0 | $4,750 | $0 | $7,847 | $0 | $87,172 | $0 | $11,011 | $0 | $368,628 | $0 | $0 | $0 |
| Ronald Westad | ||||||||||||||
| Advisor | $206,724 | $0 | $55,073 | $0 | $1,076,917 | $0 | $28,625 | $0 | $2,299 | $0 | $1,369,638 | $0 | $159,564 | $0 |
| Michael Thorell | ||||||||||||||
| Arizona Market President & Chief Lending Officer | $413,003 | $0 | $4,843 | $0 | $20,830 | $0 | $127,640 | $0 | $10,768 | $0 | $577,084 | $0 | $0 | $0 |
| Gregory Thorell | ||||||||||||||
| SVP Residential Lending | $376,757 | $0 | $20,546 | $0 | $27,767 | $0 | $109,161 | $0 | $13,248 | $0 | $547,479 | $0 | $0 | $0 |
| Jason Paprocki | ||||||||||||||
| EVP & Chief Strategy Officer | $405,060 | $0 | $14,590 | $0 | $21,442 | $0 | $92,062 | $0 | $8,611 | $0 | $541,765 | $0 | $0 | $0 |
| William Randall Gaston | ||||||||||||||
| SVP & Commercial Lending | $377,712 | $0 | $18,765 | $0 | $26,986 | $0 | $91,311 | $0 | $11,592 | $0 | $526,366 | $0 | $0 | $0 |
| Chad Forkenbrock | ||||||||||||||
| EVP & Chief Operating Officer | $335,302 | $0 | $3,250 | $0 | $6,035 | $0 | $170,345 | $0 | $8,611 | $0 | $523,543 | $0 | $0 | $0 |
| Travis Merrell | ||||||||||||||
| SVP & Chief Credit Officer | $296,474 | $0 | $16,833 | $0 | $7,606 | $0 | $85,179 | $0 | $12,240 | $0 | $418,332 | $0 | $0 | $0 |
| Juan Ruiz | ||||||||||||||
| EVP & Chief People and Culture Officer | $305,763 | $0 | $8,949 | $0 | $2,141 | $0 | $86,508 | $0 | $5,848 | $0 | $409,209 | $0 | $0 | $0 |
| Melissa Gullotta Brown | ||||||||||||||
| SVP & Member Services | $256,431 | $0 | $39,408 | $0 | $8,500 | $0 | $122,216 | $0 | $11,471 | $0 | $438,026 | $0 | $0 | $0 |
| Diane Hank | ||||||||||||||
| General Counsel & Chief Compliance Officer | $285,644 | $0 | $950 | $0 | $1,063 | $0 | $51,440 | $0 | $10,705 | $0 | $349,802 | $0 | $0 | $0 |
| Scott Willits | ||||||||||||||
| Commercial Loan Officer | $293,186 | $0 | $850 | $0 | $814 | $0 | $29,942 | $0 | $10,702 | $0 | $335,494 | $0 | $0 | $0 |
| Jared Shintaku | ||||||||||||||
| Director of Gov. Guaranteed Loan Production | $283,207 | $0 | $950 | $0 | $3,764 | $0 | $29,383 | $0 | $12,853 | $0 | $330,157 | $0 | $0 | $0 |
| Ryan West | ||||||||||||||
| Investment Representative | $291,341 | $0 | $950 | $0 | $1,536 | $0 | $24,034 | $0 | $12,241 | $0 | $330,102 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a First-class or charter travel | Arizona Financial Credit Union (AFCU) allows board members to utilize first class travel if certain criteria are met. The travel expenses are treated as taxable compensation. |
| Schedule J, Part I, Line 1a Travel for companions | Arizona Financial Credit Union (AFCU) allows a companion to join each director or executive leadership team member on business travel. The companions are expected to participate in the networking events and represent AFCU. The travel expenses are treated as taxable compensation. |
| Schedule J, Part I, Line 1a Tax indemnification and gross-up payments | A tax gross-up was paid by AFCU to Ronald Westad. The fair value was included in his annual taxable income. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | Arizona Financial Credit Union (AFCU) provides a supplemental nonqualified retirement plan for executives. The organization makes annual contributions to the plan. Contributions to the plan for 2023 are as follows: Amy Hysell: $179,583 Jason Paprocki: $65,662 Michael Thorell: $80,740 Gregory Thorell: $82,761 William Randall Gaston: $71,511 Chad Forkenbrock: $136,157 Travis Merrell: $66,656 Juan Ruiz: $51,742 Diane Hank: $36,961 Travis Fonnesbeck: $65,501 Melissa Gullotta Brown: $95,091 Distributions to the plan for 2023 are as follows: Ronald Westad: $989,339 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Executive | Vehicle Purchase | Yes (X) | $50,000 | $43,765 | false | Yes (true) | Yes (true) |
| Executive | Vehicle Purchase | Yes (X) | $60,657 | $56,273 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $100,038 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | Michael Thorell and Gregory Thorell - Family relationship |
| Form 990, Part VI, Line 6 Classes of members or stockholders | AZFCU is chartered with the State of Arizona. Membership eligibility includes those who have a family or household member who is already a member of AZFCU those who are members of Local First Arizona and those who live, work, worship, attend school, or regularly conduct business in one of the following counties: Coconino, Gila, La Paz, Maricopa, Mohave, Navajo, Pima, Pinal, Yavapai, and Yuma. Voting Rights: Irrespective of the number of shares, no member has more than one vote. Application for Membership: Applications for membership from persons eligible for membership shall be signed by the applicant on forms approved by the board. Upon approval of an application by a membership officer and upon subscription to at least one share of this credit union and the payment of the initial installment, and the payment of a uniform entrance fee if required by the board, the applicant is admitted to membership. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | There is only one class of membership. Each member has one vote to elect or appoint individual(s) to the governing body, irrespective of the number of shares owned. |
| Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body | There is no committee with authority to act on behalf of the governing body. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The Form 990 is prepared by the VP & Controller and reviewed by Crowe LLP based on information provided by AZFCU management. The draft of the return is reviewed by management with any changes incorporated. Following management review the full 990 is provided to the board of directors for review and approval from the board of directors executive committee prior to filing with the IRS. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | Regular salary reviews are conducted for the CEO utilizing the services of a third-party compensation consultant. Data from the Bureau of Labor Statistics and professional compensation organizations is used for comparative compensation purposes. All salary changes are based on organizational results as outlined in a performance review and is ultimately decided by the board of directors. The CEO's salary was reviewed and approved by the board in November of 2023. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | An annual salary review is conducted for all employees, including officers and key employees using various market pricing tools and resources. Data from the Bureau of Labor statistics and professional compensation organizations is used for comparative compensation purposes. All salary changes are based on the results of competitive market data. Employee salaries were reviewed and approved by the board in November 2023. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE CREDIT UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | CECL ADOPTION - CHANGE IN ACCOUNTING PRINCIPLE - 8494000; Reclassification adjustment for realized loss - -1355800; |
| Form 990, Part VI, Line 12b and 12c Monitoring of Conflicts of Interest | AZFCU's conflict of interest policies are outlined in its employee handbook. AZFCU regularly monitors conflicts and enforcement with the policy and intends to implement an annual reporting process in the following year under IRC Section 501(c)(14). |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| Arizona Federal Insurance Solutions LLC | ||||||||||
| 333 N 44th Street | Phoenix | AZ | 85008 | 203242545 | Insurance | AZ | $13,879,733 | $24,111,768 | Arizona Financial Credit Union | |
| Western States Financial Group LLC | ||||||||||
| 333 N 44th Street | AZ | AZ | 85008 | 861020339 | Auto-Buying Services | AZ | $340,579 | $5,097,999 | Arizona Financial Credit Union | Phoenix |
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