2022-05-15T23:18:03-05:00 2021-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 866050693 COPPER STATE CREDIT UNION COPP 6235803000 15458 N 28TH AVENUE PHOENIX AZ 85027 DAVID SKILTON CFO 6235806000 2022-05-12 1 DAVID SKILTON 999009999 DOUGLAS J ORTH P01076394 3052328272 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ROBERT SCOTT 15458 N 28TH AV PHOENIX AZ 85027 35257962 0 X WWW.COPPERSTATECU.ORG X 1951 AZ PROVIDE CREDIT TO MEMBERS, PROMOTE THRIFT TO MEMBERS AND PROVIDE FINANCIAL SERVICES TO MEMBERS. 11 11 236 16 159102 0 0 0 22638356 22719656 1657322 1428295 0 0 24295678 24147951 0 0 0 0 10634201 11388862 0 0 0 14134061 11860732 24768262 23249594 -472584 898357 529568174 599418560 484656910 555944905 44911264 43473655 X VALUE STATEMENTS: VISION - OUR VISION IS TO ELEVATE THE FINANCIAL STRENGTH OF ARIZONA FAMILIES THROUGH EVERY SEASON OF LIFE. MISSION - OUR MISSION IS TO ENABLE OUR MEMBER-FAMILIES TO ACHIEVE FINANCIAL PROSPERITY. VALUE PROPOSITION - STRENGTHENING ARIZONA FAMILIES THROUGH FINANCIAL EMPOWERMENT. 0 0 PROVIDED CREDIT IN 2021 TO 8,058 MEMBERS FOR $236,555,826. AS OF DECEMBER 31, 2021, 19,401 MEMBERS HAD $390,946,510 IN OUTSTANDING LOANS. PROMOTE THRIFT TO 42,867 MEMBER WITH TOTAL DEPOSITS OF $529,756,266 AS OF DECEMBER 31, 2021. PROVIDE FINANCIAL SERVICES, INCLUDING CHECKING ACCOUNTS, ATM/DEBIT CARDS, CREDIT CARDS, SAVINGS ACCOUNTS, CERTIFICATES OF DEPOSIT AND MONEY MARKET ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 6281 0 1 236 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID SKILTON 6235806000 15458 N 28TH AVE PHOENIX AZ 85027 JERRY HARTRIM DIRECTOR 1.00 X 3250 0 0 PAUL WATERMAN DIRECTOR 1.00 X 3250 0 0 ANDREW ROBERTS VICE CHAIRPERSON 1.00 X 3000 0 0 ERICA GIBBONS SECRETARY 1.00 X 3450 0 0 ROGER ZOLLINGER DIRECTOR 1.00 X 3250 0 0 CHRIS URNESS DIRECTOR 1.00 X 2550 0 0 MELANIE MERRILL DIRECTOR 1.00 X 3250 0 0 DENNIS MCDONALD DIRECTOR 1.00 X 3350 0 0 TILLIE JONES DIRECTOR 1.00 X 3250 0 0 STEVE WOLFE TREASURER 1.00 X 3950 0 0 JANET BURGETT MARTIN CHAIRPERSON 1.00 X 4750 0 0 ALBERT DUBOWA COMMITTEE MEMBER 1.00 X 1750 0 0 DAVID MATSON COMMITTEE CHAIRPERSON 1.00 X 2600 0 0 HARSHAD DESAI COMMITTEE MEMBER 1.00 X 2000 0 0 LUPE HARRINGER COMMITTEE MEMBER 1.00 X 2000 0 0 FRANK MARTINSON COMMITTEE MEMBER 1.00 X 1650 0 0 ROBERT SCOTT PRESIDENT/CEO 50.00 X 428502 0 30461 DAVID SKILTON CHIEF FINANCIAL OFFICER 50.00 X 168998 0 14732 ANTHONY ROCHA FINANCIAL ADVISOR 50.00 X 221132 0 14550 AMY SINGPRADITH CHRO 50.00 X 127283 0 29110 GREGORY ALBANO SENIOR VP/ CIO 50.00 X 166572 0 478726 GREGORY REILEY CHIEF LENDING OFFICER 50.00 X 159999 0 20866 TERESA TROSTEL CHIEF RISK OFFICER 50.00 X 131297 0 21570 1451083 0 610015 18 0 1 0 FISERV PO BOX 208457 DALLAS TX 753208457 CORE DATA SYSTEM SERVICES 914932 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 753212223 ONLINE/MOBILE BANKING PROVIDER 750290 FIS- FIDELITY INFO SERVICES PO BOX 4535 CAROL STREAM IL 601974535 DEBIT CARD PROCESSING SERVICER 571762 HYLAND SOFTWARE PO BOX 643543 DALLAS TX 752846261 ONLINE STORAGE 276001 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICING AND SALES 245321 16 INCOME ON LOANS 522100 14736400 14736400 FEES, CHARGES, & OTHER 522100 7824154 7824154 FINANCE & INSURANCE 520000 159102 159102 22719656 1322017 1322017 11196789 19500 11095677 14334 101112 5166 106278 106278 24147951 22666832 159102 1322017 X 689993 8746574 384049 881888 686358 12901 161000 23599 1080518 2970477 1004778 858723 23158 132249 1130376 124288 962720 115017 DEBIT/CREDIT CARD EXPEN 1426672 LOAN SERVICING 797385 MAINTENANCE AND REPAIRS 447817 COLLECTIONS 434065 154989 23249594 2708456 2924886 42798585 38689420 1199023 764753 7638000 7638000 332540405 389218477 579761 805298 25384192 3887765 21819547 21496427 99150766 120435730 2920593 2940693 2105783 1742537 16107255 12762339 529568174 599418560 14862216 16188638 10000000 10000000 459794694 529756267 484656910 555944905 X 0 0 0 0 44911264 43473655 44911264 43473655 529568174 599418560 898357 -2335966 0 X X 0 1 X 1 0 0 7137173 7137173 12487281 925660 11561621 259765 206955 52810 5499973 2755150 2744823 21496427 MEMBER DEPOSITS 529756267 529756267 X 24147951 0 24147951 0 24147951 23249594 0 23249594 0 23249594 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. X X X 0 1 0 GREGORY ALBANO SENIOR VP/ CIO 162140 0 4432 0 0 0 460489 0 18237 0 645298 0 0 0 ROBERT SCOTT PRESIDENT/CEO 342357 0 80390 0 5755 0 17470 0 12991 0 458963 0 0 0 ANTHONY ROCHA FINANCIAL ADVISOR 35001 0 541 0 185590 0 5807 0 8743 0 235682 0 0 0 DAVID SKILTON CHIEF FINANCIAL OFFICER 162363 0 6635 0 0 0 8254 0 6478 0 183730 0 0 0 GREGORY REILEY CHIEF LENDING OFFICER 154415 0 5584 0 0 0 8018 0 12848 0 180865 0 0 0 AMY SINGPRADITH CHRO 114546 0 5309 0 7428 0 5940 0 23170 0 156393 0 0 0 TERESA TROSTEL CHIEF RISK OFFICER 127208 0 4089 0 0 0 6654 0 14916 0 152867 0 0 0 PART I, LINE 4B THE CEO, ROBERT SCOTT, PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE CREDIT UNION ISSUED A LOAN TO ROBERT SCOTT FOR THE PURPOSE OF PURCHASING AN INSURANCE POLICY THAT WILL BE USED TO FUND HIS DEFERRED COMPENSATION PLAN. THE LOANS RELATED TO THIS ARRANGEMENT ARE REPORTED ON SCHEDULE L. GREGORY ALBANO PARTICIPATES IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DURING 2021, THE CREDIT UNION ACCRUED $451,936 TOWARD THE FUTURE BENEFIT OBLIGATION. JANE DOBBS FORMER CEO/PRESIDENT FUNDING OF 457 (F) X 2700000 2700000 0 1 1 ROBERT SCOTT CEO/PRESIDENT FUNDING OF 457 (F) X 4938000 4938000 0 1 1 7638000 FORM 990, PART VI, SECTION A, LINE 6 EMPLOYEES OF ARIZONA STATE GOVERNMENT, SAFEWAY AND THEIR FAMILIES, AND PEOPLE WHO LIVE, WORK OR WORSHIP NEAR THE CREDIT UNION'S BRANCHES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT A BOARD OF DIRECTORS TO GOVERN THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES MUST BE APPROVED AT A MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE POSTED ELECTRONICALLY ON THE BOARD'S PORTAL FOR THEM TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE MUST DISCLOSE ANY RELATIONSHIP OR ASSOCIATION THAT COULD BE A CONFLICT OF INTEREST. WE REQUIRE THIS BE DISCLOSED IN AN ANNUAL QUESTIONNAIRE THAT IS SUBMITTED TO AND SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE GIVEN AN ANNUAL REVIEW AND THEIR COMPENSATION IS MEASURED AGAINST TRADE ORGANIZATIONS THAT GATHER AND COMPILE SUCH DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN OUR LOBBIES AND QUARTERLY ARE AVAILABLE ON THE NCUA WEBSITE, OTHER DOCUMENTS WOULD BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS 120,548. EDUCATION AND PROMOTION 19,968. OTHER LOSSES/FRAUD 13,618. MERGER EXPENSE 855. 990, PART XII, LINE 2C THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.