2023-11-13T09:48:46-06:00 2022-12-31 382492570 DOEREN MAYHEW 12060 SW 129 CT STE 201 MIAMI FL 33186 990 2022-01-01 860096740 DESERT FINANCIAL CREDIT UNION DESE 6024337000 148 NORTH 48TH STREET PHOENIX AZ 85034 JACKIE L BIGGS JR SVP CFO 6024337000 2023-11-08 1 JACKIE BIGGS JR 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFREY D MESHEY 148 NORTH 48TH STREET PHOENIX AZ 85034 382303067 0 X WWW.DESERTFINANCIAL.COM X 1939 AZ AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM. 9 9 1270 16 6539139 0 0 0 229462154 251917754 69206076 111341943 34554495 13302127 333222725 376561824 1236500 1457591 0 0 117592414 125024418 0 0 0 126951989 164056948 245780903 290538957 87441822 86022867 8206373350 8192281897 7434331928 7723734301 772041422 468547596 AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM. 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 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 184633 0 1 1270 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 DESERT FINANCIAL CREDIT UNION 6024337000 148 NORTH 48TH STREET PHOENIX AZ 85034 LAURA WATSON TREASURER 1.00 X 0 0 0 CLAUDETTE GRONSKI DIRECTOR 1.00 X 0 0 0 JANET BIOLETTO SECRETARY 1.00 X 0 0 0 CARRIE YOUNG DIRECTOR 1.00 X 0 0 0 CHRIS MINER DIRECTOR 1.00 X 0 0 0 MATTHEW FEHLING DIRECTOR 1.00 X 0 0 0 JEFFREY SMITH VICE CHAIRPERSON 1.00 X 0 0 0 RICHARD JOHNSON DIRECTOR 1.00 X 0 0 0 KEVIN HASKEW CHAIRPERSON 1.00 X 0 0 0 JACKIE L BIGGS JR SVP CFO 40.00 X 503999 0 24975 JEFFREY D MESHEY CEO 40.00 X 1874940 0 590180 RONDLE K AMSTUTZ EXECUTIVE VP 40.00 X 805579 0 41086 JEFFREY S BUTLER CEO-SWITCHTHINK SOLUTIONS 0.00 40.00 X 924548 0 34540 CATHLEEN GRAHAM EXECUTIVE VP 40.00 X 768149 0 101962 GARY SNEED SVP CHIEF LENDING OFFICER 40.00 X 607853 0 31672 CARIE L GALATI SVP CHIEF HR OFFICER 40.00 X 376217 0 38316 THOMAS MARLOWE SVP BACK OFFICE OPS 40.00 X 481554 0 23989 SARA K REGAN SVP RISK & GEN COUNSEL 40.00 X 501303 0 34323 LAURA WALLACE CHIEF ENGAGE OFFICER 40.00 X 395708 0 30010 STEPHEN JORDAN CHIEF REVENUE OFFICER 40.00 X 614679 0 24582 7854529 0 975635 273 0 1 0 ANDERSON MOSS LLC DBA ANDERSON ADVERTIS 5800 EAST THOMAS RD 100 SCOTTSDALE AZ 85251 MARKETING 5007076 GOOGLE INC PO BOX 883654 LOS ANGELES CA 90088 MARKETING 3970473 SALESFORCECOM INC PO BOX 203141 DALLAS TX 75312 OLINE BANKING 3290519 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING PLATFORM 2864355 FRONTLINE STC INC 920 N CATARACT AVE SAN DIMAS CA 91773 CONTRACTOR 2502040 127 LOAN & LEASE INCOME 522100 129796032 129796032 FEES & OTHER OPERATING 522100 115582583 115582583 PROFESSIONAL, SCIENTIF 540000 4531254 4531254 FINANCE & INSURANCE 520000 2007885 2007885 251917754 111621732 111621732 1231704 1321525 -89821 -89821 -89821 4139929 4419718 -279789 -279789 -279789 OTHER OPERATING INCOME 522100 13391948 13391948 13391948 376561824 258400953 6539139 111621732 X 1457591 6309483 101265484 6827884 3485204 7136363 -168268 764875 5194814 16180913 5321865 5660203 6471334 888800 608603 58142598 462725 8941192 11481508 DEBIT CARD/ATM 18649978 REPAIRS & MAINTENANCE 12682243 LOSS ON SETTLEMENT 6000000 LOSS ON VISA STOCK 3906633 2866932 290538957 7520119 26480431 593593441 170261352 9303199 3528876 2701948283 3745977166 6368623 6352796 161805048 96858854 71768086 64946194 4482591522 3846622306 60730354 56793155 272549723 271319621 8206373350 8192281897 91136568 165016919 200000000 7143195360 7558717382 7434331928 7723734301 X 0 0 0 0 772041422 468547596 772041422 468547596 8206373350 8192281897 X 86022867 -390293878 777185 X X 0 1 X 1 0 19479297 19479297 60779841 32978114 27801727 14934416 10834372 4100044 62463551 50313314 12150237 4147943 2733054 1414889 64946194 MEMBER SHARES 7556395910 POST-RETIREMENT HEALTHCARE LIABILITY 2321472 7558717382 X 377883349 0 377883349 -1321525 -1321525 376561824 291860482 1321525 1321525 290538957 0 290538957 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 XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE INCURRED IN GENERATING RENTAL REVENUE IS REPORTED AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE IN FORM 990. -1,321,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE INCURRED IN GENERATING RENTAL REVENUE IS REPORTED AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE IN FORM 990. 1,321,525. 1 A NEW LEAF 2245 W ELLA STREET MESA AZ 85201 860256667 501C3 10080 0 GRANT RECIPIENT ALASKA USA FOUNDATION PO BOX 196613 ANCHORAGE AK 99519 200286383 501C3 10000 0 EVENT SPONSORSHIP ALICE COOPER'S SOLID ROCK TEEN CENTERS 13625 N 32ND ST PHOENIX AZ 85032 860808609 501C3 14110 0 EVENT SPONSORSHIP AMERICAN HEART ASSOCIATION 1910 W UNIVERSITY DR STE 205 TEMPE AZ 85281 135613797 501C3 155245 0 BOARD SERVICE DONATION; AHA SPONSORSHIP; INDIRECT LOAN MATCH; HEART WALK EVENT SPONSORSHIP ARIZONA DIAMONDBACKS FOUNDATION 401 E JEFFERSON ST PHOENIX AZ 85004 860901615 501C3 6500 0 ADMIN DONATION ARIZONA EDUCATIONAL FOUNDATION 2100 N CENTRAL AVE 212 PHOENIX AZ 85004 942937109 501C3 150030 0 BOARD SERVICE DONATION; EVENT SPONSORSHIPS ARIZONA SUSTAINABILITY ALLIANCE 8205 SOUTH PRIEST DRIVE 11962 TEMPE AZ 852841962 821664765 501C3 12505 0 EVENT SPONSORSHIP; GRANT RECIPIENT ASU FOUNDATION 300 E UNIVERSITY DR TEMPE AZ 85281 866051042 501C3 32000 0 SUN DEVIL GIVING DAY DONATION BETTER BUSINESS BUREAU OF CENTRAL NORTHERN ARIZONA 1010 E MISSOURI AVE PHOENIX AZ 85014 860006552 501C3 25000 0 KIVA PHOENIX HUB DONATION BILLY'S PLACE 21448 N 75TH AVE SUITE 5 GLENDALE AZ 85308 461308048 501C3 15845 0 GRANT RECIPIENT BOYS & GIRLS CLUB OF CENTRAL ARIZONA (PRESCOTT) 335 EAST AUBREY ST PRESCOTT AZ 86303 860964489 501C3 10000 0 GRANT RECIPIENT BOYS & GIRLS CLUB OF GREATER SCOTTSDALE 10533 E LAKEVIEW DR SCOTTSDALE AZ 85258 861033718 501C3 10000 0 EVENT SPONSORSHIP BOYS & GIRLS CLUB OF THE VALLEY 4301 E BELLEVIEW ST BUILDING 14 PHOENIX AZ 85008 860550646 501C6 50000 0 CARES A THON RADIOTHON SPONSORSHIP; GRANT RECIPIENT, EVENT SPONSORSHIP CANDELEN 8222 S 48TH ST 120 PHOENIX AZ 85044 860332919 501C3 25030 0 GRANT RECIPIENT; BOARD SERVICE CENTRAL ARIZONA SHELTER SERVICES 230 S 12TH AVE PHOENIX AZ 85007 860500753 501C3 20000 0 END OF THE YEAR DONATION - GLENDALE CASS CHILDREN'S MUSEUM OF PHOENIX 215 N SEVENTH STREET PHOENIX AZ 85034 860934323 501C3 6245 0 JUNE DRIVE MEETING DONATION DESERT FINANCIAL FOUNDATION 148 N 48TH ST PHOENIX AZ 85034 811028132 501C3 196224 79322 FAIR MARKET VALUE GOLF TOURNAMENT EVENT SPONSORSHIP; 2022 SCHOLARSHIPS, TCOOF MATCH FEED MY STARVING CHILDREN 1345 S ALMA SCHOOL RD MESA AZ 85210 411601449 501C3 11070 0 DONATION FLAGSTAFF FAMILY FOOD CENTER 1903 N 2ND ST FLAGSTAFF AZ 86004 860754044 501C3 75060 0 DONATION - FLAGSTAFF GRAND OPENING; TURKEY DRIVE FREE ARTS OF AZ 352 E CAMELBACK RD PHOENIX AZ 85012 860739613 501C3 18620 0 GRANT RECIPIENT; BOARD SERVICE GRAND CANYON UNIVERSITY CITYSERVE 3300 W CAMELBACK RD PHOENIX AZ 85017 873085883 501C3 6000 0 EVENT DONATION HOUSE OF REFUGE 6935 EAST WILLIAMS FIELD ROAD MESA AZ 85212 860662244 501C3 11960 0 EVENT SPONSORSHIP JOBS FOR ARIZONA GRADS 3320 W CHERYL DRIVE SUITE B220 PHOENIX AZ 85051 860669709 501C3 10135 0 GRANT RECIPIENT LAPTOPS 4 LEARNING 2320 E BASELINE RD STE 148-117 PHOENIX AZ 850426951 812833038 501C3 15005 0 GRANT RECIPIENT LIVE THE SOLUTION (DBA EARN TO LEARN) 4803 EAST 5TH STREET 215 TUCSON AZ 85711 261151754 501C3 10030 0 GRANT RECIPIENT LOWELL OBSERVATORY 1400 W MARS HILL RD FLAGSTAFF AZ 86001 860098918 501C3 10000 0 GRANT RECIPIENT NATIVE AMERICAN CONNECTIONS 4520 N CENTRAL AVE STE 600 PHOENIX AZ 85012 860293585 501C3 15030 0 GRANT RECIPIENT NEW PATHWAYS FOR YOUTH 901 E JEFFERSON ST PHOENIX AZ 85034 860615007 501C3 5340 0 BOARD SERVICE DONATION NORTHERN ARIZONA HEALTHCARE (HOSPITAL) 1200 NORTH BEAVER ST OFFICE OF PHILANTHROPY 4TH FLOOR ADMINISTRATI FLAGSTAFF AZ 86001 742410946 501C3 64500 0 HEALTHCARE SCHOLARSHIPS - TWO TIMES PHOENIX CHILDREN'S FOUNDATION 2929 E CAMELBACK RD 122 PHOENIX AZ 85016 742421549 501C3 125310 0 RECOGNTION DONATION - 25 YEARS FUNDRAISING ; SPRING FUNDRAISER, KTAR GIVE-A-THON; PC GOLF EVENT; SEASONAL FUNDRAISER; EVENT SPONSORSHIP PHOENIX PRIDE INCORPORATED PO BOX 16847 PHOENIX AZ 850116847 860670912 501C3 15025 0 PLAYYELLOW EVENT SPONSORSHIP PRESCOTT MEALS ON WHEELS 1280 E ROSSER ST PRESCOTT AZ 86301 860417621 501C3 50155 0 DONATION SAVE THE FAMILY 125 E UNIVERSITY DR MESA AZ 85201 860665712 501C3 12600 0 GRANT RECIPIENT SOUTHWEST AUTISM RESEARCH AND RESOURCE CENTER 300 N 18TH STREET PHOENIX AZ 85006 311496646 501C3 11190 0 GRANT RECIPIENT SOUTHWEST HUMAN DEVELOPMENT 2850 N 24TH ST PHOENIX AZ 85008 860407179 501C3 10000 0 GRANT RECIPIENT ST JOSEPH THE WORKER 5800 N 19TH AVE SUITE 103 PHOENIX AZ 85015 860600437 501C3 12580 0 GRANT RECIPIENT ST VINCENT DE PAUL 420 W WATKINS ROAD PHOENIX AZ 85003 860096789 501C3 7570 0 GRANT RECIPIENT THE LAUNCH PAD TEEN CENTER 302 GROVE AVENUE PRESCOTT AZ 86301 465601468 501C3 15000 0 GRANT RECIPIENT TYNKERTOPIA 3330 E ELDER DRIVE FLAGSTAFF AZ 86004 823860171 501C3 21130 0 GRANT RECIPIENT; HOLIDAY PARTY UNITED FOOD BANK 245 S NINA DR MESA AZ 85210 860505273 501C3 50320 0 TURKEY DRIVE DONATION VITALANT 6210 E OAK STREET SCOTTSDALE AZ 85257 860098929 501C3 5070 0 GRAND OPENING DONATION YAVAPAI BIG BROTHERS BIG SISTERS 3208 LAKESIDE VILLAGE PRESCOTT AZ 86301 860278776 501C3 15750 0 EVENT SPONSORSHIP; GRANT RECIPIENT YAVAPAI FOOD BANK 8866 E LONG MESA DR PRESCOTT VALLEY AZ 86314 860709163 501C3 25005 0 TURKEY DRIVE DONATION - TWO TIMES 43 0 FORM 990, SCHEDULE I, PART II MOST OF THE DONATIONS LISTED IN PART II ARE CHARITABLE CONTRIBUTIONS. CHARITABLE CONTRIBUTIONS ARE PROVIDED TO ORGANIZATIONS THAT ALIGN WITH OUR SOCIAL IMPACT ISSUES. DESERT FINANCIAL CREDIT UNION CONSIDERS THE FOLLOWING REQUESTS: -PROGRAM SUPPORT FUNDS TO SUPPORT THE IMPLEMENTATION OF PROGRAMS AND SERVICES -SPONSORSHIPS FUNDS TO SUPPORT VOLUNTEER OR CHARITABLE EVENT OPPORTUNITIES FUNDING PRIORITIES INCLUDE: -EDUCATION: SUPPORT EDUCATIONAL INITIATIVES AND PROGRAMS THAT FOCUS ON THE FOLLOWING AREAS: -INCREASED ACADEMIC SUCCESS -POST-SECONDARY EDUCATION -TEACHER APPRECIATION AND RESOURCE SUPPORT CHILDREN & YOUTH DEVELOPMENT: ADDRESSES PROGRAMS THAT WORK WITH CHILDREN AND YOUTH AT-RISK DUE TO SOCIOECONOMIC FACTORS. PROGRAMS THAT WOULD FALL UNDER THIS CATEGORY WILL PROVIDE ONE OR BOTH OF THE FOLLOWING: -OPPORTUNITIES FOR YOUTH & WORKFORCE DEVELOPMENT -BASIC NEEDS SUPPORT (SCHOOL CLOTHING, SUPPLIES, ETC.) -MENTORING -TRAUMA INFORMED CARE & HEAL FINANCIAL WELLNESS: HELP IMPROVE FINANCIAL STABILITY THROUGH THE DISTRIBUTION OF EDUCATION AND RESOURCES. FUNDING WILL BE PROVIDED TO PROGRAMS THAT SHARE FINANCIAL RESOURCES WITH ITS CLIENTS AND MAY INCLUDE: -FINANCIAL WELLNESS EDUCATION, INCLUDING EMPLOYMENT SUPPORT, BUDGETING, SAVINGS, CREDIT AND DEBT AWARENESS, AND MORE SOCIAL SERVICES, POVERTY, & HOMELESSNESS: IMPROVING RESOURCE ACCESS FOR ARIZONA COMMUNITIES FOCUSED ON CRITICAL SERVICES SUCH AS: -HUNGER AND FOOD INSECURITY -TRANSITION TO RELIABLE HOUSING AND PERMANENT SUPPORTIVE HOUSING SOLUTIONS -ACCESS TO MENTAL HEALTH AND PHYSICAL HEALTH SERVICES NONPROFIT PARTNERS ARE GRANTED THROUGHOUT MARICOPA, YAVAPAI, AND COCONINO COUNTIES ANNUALLY BASED ON THEIR EXISTING RELATIONSHIP (VOLUNTEERING, PRIOR GIVING, AND ENGAGEMENT WITHIN OUR FINANCIAL WELL-BEING EDUCATION INITIATIVES), OPERATIONAL SOUNDNESS, CRITICAL NEED AND WHETHER OR NOT THE NONPROFIT RECEIVED SUPPORT THROUGH OTHER INITIATIVES SUPPORTED BY THE CREDIT UNION. TO MAXIMIZE OUR IMPACT, WE FOCUSED OUR GRANT GIVING SPECIFICALLY ON EDUCATIONAL INITIATIVES AND PROGRAMS THAT ARE BEING IMPLEMENTED BY OUR NONPROFIT PARTNERS. ACCORDING TO ARIZONA DEPARTMENT OF EDUCATION'S COVID IMPACT CENTER, ACADEMIC PROFICIENCY IN SCHOOLS IS DOWN ACROSS ALL AGE GROUPS, COMPARED TO 2019, WITH MORE SIGNIFICANT GAPS WITH NATIVE AMERICAN, AFRICAN AMERICAN, AND HISPANIC STUDENTS. ARIZONA'S HIGH SCHOOL COMPLETION RANKS IN THE BOTTOM QUARTILE OF THE UNITED STATES, AND AT THIS RATE, ONLY 16% OF TODAY'S 9TH GRADERS WILL GRADUATE FROM A FOUR-YEAR COLLEGE BY 2029. A FOCUS IN EDUCATION ALLOWED US TO DRILL DOWN IN THIS IMPACT AREA WHILE ALLOWING FOR A VARIETY OF SUPPORT RANGING FROM K-12 EDUCATION, TECHNOLOGY ACCESS, CRITICAL SKILLS DEVELOPMENT, HIGHER EDUCATION, AND MORE. THIS COULD ALSO INCLUDE SERVICES THAT ADVANCE EDUCATIONAL OUTCOMES, INCLUDING MENTORING PROGRAMS, FOOD DISTRIBUTION IN SCHOOLS, AFTER-SCHOOL PROGRAMS, AMONG OTHERS. THAT INCLUDED AN APPLICATION PROCESS WHEREBY A SELECT GROUP OF EXISTING NONPROFIT PARTNERS WERE INVITED TO SUBMIT A REQUEST FOR FINANCIAL SUPPORT. THE GRANT APPLICATION REQUIRED THAT NONPROFITS PROVIDE THE FOLLOWING: 1. DESCRIPTION OF THE EDUCATIONAL PROGRAM THE NONPROFIT IS SEEKING FUNDS FOR 2. THE NEED OR PROBLEM THAT THE ORGANIZATION ADDRESSES 3. POPULATIONS SERVED AND HOW MANY PEOPLE WILL BE SERVED IF THE FULL REQUESTED FUNDING AMOUNT IS AWARDED 4. ADDITIONAL FUNDING SOURCES SOUGHT 5. REQUESTED AMOUNT 6. CHALLENGES ADDRESSED WITH THE FUNDS 7. HOW THE PROGRAMS EFFECTIVENESS WILL BE EVALUATED X 1 1 X X X X 0 1 0 JEFFREY D MESHEY CEO 947443 0 918035 0 9462 0 562578 0 27602 0 2465120 0 0 0 JEFFREY S BUTLER CEO-SWITCHTHINK SOLUTIONS 533532 0 384680 0 6336 0 12200 0 22340 0 959088 0 0 0 CATHLEEN GRAHAM EXECUTIVE VP 490119 0 273317 0 4713 0 90087 0 11875 0 870111 0 0 0 RONDLE K AMSTUTZ EXECUTIVE VP 501429 0 296012 0 8138 0 11007 0 30079 0 846665 0 0 0 GARY SNEED SVP CHIEF LENDING OFFICER 388602 0 213496 0 5755 0 11614 0 20058 0 639525 0 0 0 STEPHEN JORDAN CHIEF REVENUE OFFICER 408912 0 204454 0 1313 0 12200 0 12382 0 639261 0 0 0 SARA K REGAN SVP RISK & GEN COUNSEL 315352 0 179744 0 6207 0 5914 0 28409 0 535626 0 0 0 JACKIE L BIGGS JR SVP CFO 379934 0 122752 0 1313 0 12200 0 12775 0 528974 0 0 0 THOMAS MARLOWE SVP BACK OFFICE OPS 320251 0 160290 0 1013 0 12200 0 11789 0 505543 0 0 0 LAURA WALLACE CHIEF ENGAGE OFFICER 305522 0 86134 0 4052 0 9755 0 20255 0 425718 0 0 0 CARIE L GALATI SVP CHIEF HR OFFICER 284888 0 90400 0 929 0 12200 0 26116 0 414533 0 0 0 PART I, LINE 4B IN 2022, THE CREDIT UNION PARTICIPATED IN TWO SUPPLEMENTAL NONQUALIFIED RETIRMENT PLANS. THE BENEFIT LIABILITY RELATED TO THE CEO, JEFFREY D. MESHEY'S RETIRMENT PLAN APPROXIMATED $3,370,700 AS OF DECEMBER 31, 2022. THE BENEFIT LIABILITY RELATED TO THE EXECUTIVE VP, RONDLE K. AMSTUTZ'S RETIRMENT PLAN APPROXIMATED $1,242,500 AS OF DECEMBER 31, 2022. THE BENEFIT LIABILITY RELATED TO THE EXEC VP, CATHLEEN GRAHAM'S RETIREMENT PLAN APPROXIMATED $233,700 AS OF DECEMBER 31, 2022. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED FOR THREE YEAR TERMS BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE MERGERS AND BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, JEFFREY D. MESHEY AND THE SVP CFO, JACKIE L. BIGGS, JR., WILL REVIEW FORM 990 BEFORE FILING AND PROVIDE A COPY TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES MUST DISCLOSE FINANCIAL OR OTHER BUSINESS RELATIONSHIPS THAT MAY CONSTITUTE A CONFLICT OF INTEREST. EMPLOYEES MUST ALSO OBTAIN PRIOR APPROVAL FROM THE CEO, EXECUIVE MANAGEMENT TEAM (EMT) AND GENERAL COUNSEL BEFORE ENGAGING IN OUTSIDE BUSINESS ACTIVITIES FOR COMPENSATION THAT OFFER COMPETING SERVICES TO DESERT FINANCIAL CREDIT UNION. HUMAN RESOURCES INVESTIGATES ALL REPORTS OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. HUMAN RESOURCES SUPPLIES MULTIPLE THIRD PARTY MARKET SURVEY RESULTS FOR THEIR COMPARABILITY DATA. TOP MANAGEMENT COMPENSATION IS DETERMINED BY THE CEO AND EMT AND UTILIZES MULTIPLE THIRD-PARTY MARKET SURVEY RESULTS FOR COMPARABILITY DATA. OTHER KEY EMPLOYEE COMPENSATION IS DETERMINED BY SENIOR MANAGMENT TEAM (SMT)/EMT LEADERS AND UTILIZE MULTIPLE THIRD PARTY MARKET SURVEY RESULTS FOR COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PUBLISHED MONTHLY. ALL OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E FRAUD LOSSES 2,900,318. MISCELLANEOUS 1,004,405. OREO EXPENSE 831. PROVISION FOR LOAN LOSS -492,306. LOAN SERVICING -546,316. FORM 990, PART XI, LINE 9: NET CHANGE IN UNREALIZED LOSSES ON POST-RETIREMENT BENEFIT PLAN OBLIGATION 1,085,793. NET CHANGE IN UNREALIZED LOSSES ON PENSION PLAN OBLIGATION -308,608. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. DESERT FINANCIAL HOLDINGS LLC 148 N 48TH ST PHOENIX AZ 85034 851085185 HOLDING COMPANY AZ 5672296 109688499 DESERT FINANCIAL CREDIT UNION DESERT FINANCIAL FOUNDATION 148 N 48TH ST PHOENIX AZ 85034 811028132 FUND RAISING AZ 501(C)(3) LINE 10 DESERT FINANCIAL CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 DESERT FINANCIAL FOUNDATION B 275546 CASH AND NONCASH CONTRIBUTIONS DESERT FINANCIAL FOUNDATION O 150312 PERCENT OF SALARY