2023-10-06T16:03:29-05:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 SCOTT ODOM CFO 5202987882 2023-08-15 1 SCOTT ODOM XXX-XX-XXXX 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SANDRA SAGEHORN-ELLIOTT 2480 N ARCADIA AVE TUCSON AZ 85712 135267258 0 2111 X WWW.VANTAGEWEST.ORG X 1955 AZ WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. 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. 9 9 611 14 415076 0 475000 2315965 96254621 110293335 8185010 13027745 1204044 2500203 106118675 128137248 39189 68989 0 0 42601971 51216097 0 0 0 43965392 54625986 86606552 105911072 19512123 22226176 2536511128 2676136267 2261666941 2447057605 274844187 229078662 X WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. 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. 0 0 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. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34834 0 1 611 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT ODOM 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 LOGAN ROBERT BOARD MEMBER 5.00 X 26604 0 0 ZIMMERMAN DOUGLAS BOARD CHAIRPERSON 5.00 X 31324 0 0 SCHAU HOPE BOARD TREASURER 5.00 X 26927 0 0 RINCON JOSE BOARD SECRETARY 5.00 X 26859 0 0 RILEY KARA BOARD MEMBER 5.00 X 26604 0 0 LUCERO MANUEL BOARD VICE CHAIRPERSON 5.00 X 26740 0 0 MEZA MARICELA BOARD MEMBER 5.00 X 26604 0 0 PEARY STEPHEN BOARD MEMBER 5.00 X 26927 0 0 GUERRERO NAOMI BOARD MEMBER 5.00 X 18750 0 0 BROTHERTON JANICE SUPERVISORY COMMITTEE MEMBER 5.00 X 3541 0 0 ORTEGA KATHLEEN SUPERVISORY COMMITTEE CHAIRPERSON 5.00 X 15697 0 0 ZATARSKI JOHN SUPERVISORY COMMITTEE MEMBER 5.00 X 6503 0 0 GINSBERG MATTHEW SUPERVISORY COMMITTEE MEMBER 5.00 X 6490 0 0 SPINK-COHEN STACEY SUPERVISORY COMMITTEE MEMBER 5.00 X 9375 0 0 LIZARDI OSCAR BOARD MEMBER 5.00 X 5418 0 0 SAGEHORN-ELLIOTT SANDRA PRESIDENT/CEO 40.00 X 1108038 0 1278444 ODOM SCOTT EVP/CFO 40.00 X 404809 0 175552 HOYLE ROBERT CHIEF INFORMATION OFFICER 40.00 X 378243 0 279054 PINARD JEREMY CHIEF LENDING OFFICER 40.00 X 368133 0 216806 DOWNIN ANDREW CHIEF MARKETING & DIGITAL OFFICER 40.00 X 334398 0 177486 GRIEGER SHARON D CHIEF RISK OFFICER 40.00 X 330141 0 218202 PAPOCCIA MARK CHIEF MBR EXPERIENCE OFFICER 40.00 X 326516 0 197134 3534641 0 2542678 79 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 3140108 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURG PA 152643543 ATM AND CASH DISPENSER VENDOR, MAINTENAN 2540230 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 E-SERVICES SOFTWARE, MAINTENANCE AND CON 2299413 BRINK 1100 S 6TH AVE TUCSON AZ 85701 MARKETING AND RELATED COMMUNICATIONS 2133295 VISA USA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROVIDER/ISSUANCE 1809335 63 2315965 2315965 INTEREST ON MEMBER LOA 522100 80273887 80273887 FEES AND CHARGES 522100 29604372 29604372 FINANCE AND INSURANCE 520000 415076 415076 110293335 11881489 11881489 8276266 7130010 1146256 1146256 1146256 MISCELLANEOUS INCOME 522100 2500203 2500203 2500203 128137248 125406207 415076 0 X 56489 12500 3251206 38948793 2284669 3960570 2770859 72034 215050 928457 3287624 2678094 15304004 2139277 188417 1103864 7299109 263340 2192918 340804 DEBIT CARD 5672762 LOAN SERVICING 4715791 PROVISION FOR LOAN LOSS 3032298 REPAIRS AND MAINTENANCE 2228950 2963193 105911072 17734480 18052137 216615569 114946674 597337 2504830 1505710921 1853637336 7003551 6551158 75951156 38693773 35476829 37257383 678528586 560226806 9410984 11453055 715972 477315 64716899 71029573 2536511128 2676136267 33742387 38013077 2654094 3385031 85000000 2225270460 2320659497 2261666941 2447057605 X 0 0 0 0 274844187 229078662 274844187 229078662 2536511128 2676136267 22226176 -67991701 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8112946 8112946 38227004 13723648 24503356 2804049 1878066 925983 25736149 22382220 3353929 1071008 709839 361169 37257383 SHARE DRAFT ACCOUNTS 494717991 REGULAR SHARE ACCOUNTS 456634448 PREMIUM SHARE ACCOUNTS 834688564 ESCROW ACCOUNTS 3395635 IRA SHARE ACCOUNTS 133662316 SHARE AND IRA CERTIFICATES 397560543 2320659497 X 128137248 0 128137248 0 128137248 111806757 5895685 5895685 105911072 0 105911072 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSSES ON EQUITY INVESTMENTS 5,895,685. 1 TUCSON UNIFIED SCHOOL DISTRICT 1010 E 10TH ST TUCSON AZ 85719 866000551 501(C)(3) 27230 0 CHARITABLE CONTRIBUTION - PAY OFF SCHOOL LUNCH PROGRAM DEBT 1 0 EDUCATIONAL SCHOLARSHIPS 5 12500 SCH I, PART I, LINE 2 VANTAGE WEST CREDIT UNION PROVIDED A CHARITABLE CONTRIBUTION, NOT A GRANT. THEREFORE, THERE IS NO SUBSEQUENT MONITORING BY THE CREDIT UNION. VANTAGE WEST CREDIT UNION OFFERS SCHOLARSHIPS TO CURRENT MEMBERS AND THEIR FAMILIES WHO ARE ATTENDING IN-STATE INSTITUTIONS OF HIGHER EDUCATION. SCHOLARSHIPS ARE AWARDED BASED ON RESPONSES TO AN APPLICATION FORM AND AN ESSAY ON HOW THE SCHOLARSHIP WILL HELP THEM ACHIEVE THEIR EDUCATIONAL AND FINANCIAL GOALS. SCHOLARSHIPS ARE LIMITED TO $2,500 PER STUDENT. AWARDS ARE DISTRIBUTED IN THE FORM OF A CHECK PAYABLE DIRECTLY TO THE INSTITUTION OF HIGHER EDUCATION WHICH THE STUDENT WILL BE ATTENDING. SHOULD THE RECIPIENT'S ENROLLMENT STATUS CHANGE, THE AWARD WILL BE INVALIDATED, AND VANTAGE WEST WILL HAVE SOLE DISCRETION AS TO WHETHER OR NOT ANOTHER RECIPIENT WILL BE CHOSEN. X X X X 0 1 0 SAGEHORN-ELLIOTT SANDRA PRESIDENT/CEO 805743 0 281388 0 20907 0 1250712 0 27732 0 2386482 0 0 0 HOYLE ROBERT CHIEF INFORMATION OFFICER 335763 0 33550 0 8930 0 251822 0 27232 0 657297 0 0 0 PINARD JEREMY CHIEF LENDING OFFICER 319974 0 47574 0 585 0 190674 0 26132 0 584939 0 0 0 ODOM SCOTT EVP/CFO 327306 0 75388 0 2115 0 150081 0 25471 0 580361 0 0 0 GRIEGER SHARON D CHIEF RISK OFFICER 266883 0 61497 0 1761 0 195370 0 22832 0 548343 0 0 0 PAPOCCIA MARK CHIEF MBR EXPERIENCE OFFICER 260798 0 61638 0 4080 0 170702 0 26432 0 523650 0 0 0 DOWNIN ANDREW CHIEF MARKETING & DIGITAL OFFICER 270868 0 61479 0 2051 0 162280 0 15206 0 511884 0 0 0 PART I, LINE 4B DURING 2022, THE CREDIT UNION IMPLEMENTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EMPLOYEES. THE AMOUNT OF FUTURE BENEFIT ACCRUED BY THE CREDIT UNION DURING 2022 FOR EACH PARTICIPANT IS REPORTED AS PART OF "OTHER COMPENSATION" REPORTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C, UNDER 'RETIREMENT AND OTHER DEFERRED COMPENSATION." A LIST OF THE PARTICIPANTS AND THE ACCRUED BENEFIT FOR EACH IS PROVIDED BELOW. SAGEHORN-ELLIOTT, SANDRA: $1,229,362 ODOM, SCOTT: $132,812 HOYLE, ROBERT: $234,394 PINARD, JEREMY: $173,046 GRIEGER, SHARON D.: $175,168 PAPOCCIA, MARK: $151,873 DOWNIN, ANDREW: $146,596 CERTAIN EMPLOYEES PARTICIPATE IN A NON-QUALIFIED EXECUTIVE 457B PLAN. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN. THE FOLLOWING PARTICIPANTS RECEIVED BENEFIT PAYOUTS AS INDICATED DURING 2022: J. CASSISE: $19,800 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 THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVE 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 11B THE VP, FINANCE IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. A THIRD PARTY CPA FIRM IS RETAINED TO ASSIST IN THE PREPARATION AND E-FILING OF FORM 990. A DRAFT VERSION OF THE RETURN IS REVIEWED BY THE CREDIT UNION'S CFO, THEN PROVIDED TO THE CEO AND THE BOARD OF DIRECTORS FOR REVIEW. ONCE ALL REVIEWS ARE COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S 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. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S 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 CEO'S COMPENSATION. FOR OTHER OFFICER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY HUMAN RESOURCES AND THE CEO, UTILIZING DATA FROM INDUSTRY BENCHMARKS AND COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E FRAUD LOSSES 1,839,282. MISCELLANEOUS EXPENSE 456,265. DEPOSIT SERVICING EXPENSE 397,343. ATM CURRENCY MANAGEMENT 270,303. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. FORM 990, PART XII, LINE 3B: THE CREDIT UNION'S SINGLE AUDIT IS IN THE PROCESS OF BEING PERFORMED.