2022-05-05T22:52:55-05:00 2021-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 860108241 CREDIT UNION WEST CRED 6026313200 PO BOX 7600 GLENDALE AZ 853127600 CONNIE LOVELAND CFO 6026313200 2022-05-05 1 CONNIE LOVELAND XXX-XX-XXXX DOUGLAS J ORTH P01076394 3052328272 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KAREN ROCH PO BOX 7600 GLENDALE AZ 853127600 47534977 0 X WWW.CUWEST.ORG X 1951 AZ FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 8 8 247 12 270663 0 0 0 44153882 45494580 1341027 1425467 8379 223919 45503288 47143966 0 0 0 0 17026529 17718631 0 0 0 22290568 21261229 39317097 38979860 6186191 8164106 921242904 1059321576 831580369 961725577 89662535 97595999 TO INSPIRE OUR MEMBERS, EMPLOYEES AND COMMUNITIES TO ACHIEVE THEIR FINANCIAL GOALS AND ENHANCE THEIR QUALITY OF LIFE. 0 0 FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16864 0 1 247 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CREDIT UNION WEST 6026313200 10150 W DESERT RIVER BLVD GLENDALE AZ 85305 DON JACKSON DIRECTOR 1.00 X 0 0 0 LUIS GENDREAU CHAIRMAN 1.00 X 0 0 0 FRANCES LAGUNA DIRECTOR 1.00 X 0 0 0 EDWARD LOGAN DIRECTOR 1.00 X 0 0 0 GARY LARBERG DIRECTOR 1.00 X 0 0 0 WANDA TYUS DIRECTOR 1.00 X 0 0 0 RAYMOND BOUCHER V. CHAIRMAN 1.00 X 0 0 0 FORD JONATHON ASSOCIATE DIRECTOR 1.00 X 0 0 0 ROCH KAREN CEO/PRESIDENT 40.00 X 761274 0 107468 CHAN PAMELA SVP- CHIEF FINANCIAL OFFIC 40.00 X 304019 0 58394 GRUNDY SCOTT VP- CHIEF INFORMATION OFFI 40.00 X 314322 0 106212 BIRR ROBERT VP- CHIEF LENDING OFFICER 40.00 X 232203 0 87176 BROWN CHERYL CHIEF HR OFFICER 40.00 X 14708 0 10963 DUONG NING SVP- COO 40.00 X 151413 0 24885 LOVELAND CONNIE SVP- CHIEF FINANCIAL OFFIC 40.00 X 203950 0 81056 DANIELLE GREEN VP OF BRANCHES 40.00 X 150196 0 24724 CRUZ DIANA VP- ENTERPRISE RISK MANAGE 40.00 X 209251 0 71557 WINTER DEBBIE VP OF BRANCHES 40.00 X 174373 0 65691 OLAGUE CATHY VP MARKETING & COMMUNICATIONS 40.00 X 174831 0 39689 ERIKA CRAWFORD MORTGAGE LOAN ORIGINATOR 40.00 X 128964 0 33247 SETH R BAKER DIRECTOR OF IT 40.00 X 152322 0 20289 JODY BLOSS DIRECTOR OF CONSUMER LENDING 40.00 X 137120 0 24659 YVONNE ROSS VP - HUMAN RESOURCES AND D 40.00 X 148544 0 43957 FIELDSON NICHOLAS INVESTMENT ADVISOR 40.00 X 143309 0 26596 3400799 0 826563 24 0 1 0 VANTIVWORLD PAY LLC 8500 GOVERNORS HILL DR SYMMES TOWNSHIP OH 45249 CARD PROCESSOR 1109187 MASTERCARD INTERNATIONAL 2200 MASTERCARD BLVD OFALLEN MO 633687263 CREDIT CARD ISSUER 987174 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75267 ONLINE BANKING PROVIDER 848994 JACK HENRY PO BOX 609 MONETT MO 65708 DATA PROCESSOR 628872 COX COMMUNICATIONS PO BOX 53249 PHOENIX AZ 85072 UTILITY PROVIDER 404084 24 LOANS TO MEMBERS 522100 32622946 32622946 FEES/CHARGES/OTHER 522100 12600971 12600971 UNRELATED BUSINESS INC 523920 179124 179124 UNRELATED BUSINESS INC 525990 86108 86108 UNRELATED BUSINESS INC 541900 5431 5431 45494580 1269443 1269443 508503 284584 223919 223919 223919 262451 106427 156024 156024 156024 47143966 45379941 270663 1493362 X 3368355 10988621 1508819 744302 1108534 97266 63000 1273081 879469 2363307 2892609 765726 33023 3352 3843849 49407 1391533 134043 LOAN SERVICING 5386026 PROVISION FOR LOAN LOSS 1124550 ATM EXPENSES 507960 MAINTENANCE 438040 14988 38979860 5201281 6232833 117213692 147258018 3833266 3805273 676798340 739426635 1099474 1258323 40277564 10381782 30984432 29895782 52841037 97588413 14137300 6956700 19134082 26899599 921242904 1059321576 19137820 22652184 812442549 939073393 831580369 961725577 X 0 0 0 0 89662535 97595999 89662535 97595999 921242904 1059321576 X 8164106 -1911855 1681213 X X 0 1 X 1 0 7002373 7002373 23679617 3917181 19762436 1311408 320728 990680 8284166 6143873 2140293 29895782 SHARE ACCOUNTS 320439297 SHARE DRAFT ACCOUNTS 253407208 MONEY MARKET ACCOUNTS 209914283 SHARE AND IRA CERTIFICATES 155312605 939073393 X 47143966 0 47143966 0 47143966 38979860 0 38979860 0 38979860 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE CREDIT UNION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020. THE CREDIT UNION RECOGNIZED NO INTEREST OR PENALTIES ON THE UNDERPAYMENT OF INCOME TAXES DURING THE YEARS ENDED DECEMBER 31, 2021 AND 2020, AND HAD NO ACCRUED INTEREST OR PENALTIES ON THE STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2021 AND 2020. THE CREDIT UNION HAS NO TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE DURING THE NEXT TWELVE MONTHS. THE INTERNAL REVENUE SERVICE (IRS) AND CERTAIN STATE TAXING AUTHORITIES ARE CURRENTLY REVISITING WHAT, IF ANY, PRODUCTS AND SERVICES PROVIDED BY STATE CHARTERED CREDIT UNIONS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE IRS CODE ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. THE IRS HAS INDICATED THAT THEY ARE STUDYING THE ISSUE AND MAY ISSUE ADDITIONAL GUIDANCE. AS A RESULT, AT THIS TIME THERE IS UNCERTAINTY REGARDING WHETHER STATE CHARTERED CREDIT UNIONS SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE CREDIT UNION HAS NOT FILED ANY TAX RETURNS IN THE PAST SHOWING THESE ACTIVITIES AS POTENTIAL TAXABLE ACTIVITIES. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. X X 1 1 X X X X X 1 1 0 ROCH KAREN CEO/PRESIDENT 369407 0 90631 0 301236 0 93518 0 13950 0 868742 0 0 0 GRUNDY SCOTT VP- CHIEF INFORMATION OFFI 190776 0 54950 0 68596 0 101372 0 4840 0 420534 0 0 0 CHAN PAMELA SVP- CHIEF FINANCIAL OFFIC 75342 0 39253 0 189424 0 56463 0 1931 0 362413 0 0 0 BIRR ROBERT VP- CHIEF LENDING OFFICER 183892 0 47852 0 459 0 75130 0 12046 0 319379 0 0 0 LOVELAND CONNIE SVP- CHIEF FINANCIAL OFFIC 192480 0 383 0 11087 0 67763 0 13293 0 285006 0 0 0 CRUZ DIANA VP- ENTERPRISE RISK MANAGE 163371 0 45168 0 712 0 62496 0 9061 0 280808 0 0 0 WINTER DEBBIE VP OF BRANCHES 88521 0 29824 0 56028 0 63694 0 1997 0 240064 0 0 0 OLAGUE CATHY VP MARKETING & COMMUNICATIONS 114904 0 23667 0 36260 0 37179 0 2510 0 214520 0 0 0 YVONNE ROSS VP - HUMAN RESOURCES AND D 71253 0 29708 0 47583 0 41372 0 2585 0 192501 0 0 0 DUONG NING SVP- COO 144123 0 415 0 6875 0 23943 0 942 0 176298 0 0 0 DANIELLE GREEN VP OF BRANCHES 121489 0 28103 0 604 0 21952 0 2772 0 174920 0 0 0 SETH R BAKER DIRECTOR OF IT 121794 0 30528 0 0 0 17769 0 2520 0 172611 0 0 0 FIELDSON NICHOLAS INVESTMENT ADVISOR 53264 0 89309 0 736 0 25356 0 1240 0 169905 0 0 0 ERIKA CRAWFORD MORTGAGE LOAN ORIGINATOR 37228 0 90800 0 936 0 24554 0 8693 0 162211 0 0 0 JODY BLOSS DIRECTOR OF CONSUMER LENDING 109455 0 27097 0 568 0 22812 0 1847 0 161779 0 0 0 PART I, LINES 4A-B OLAGUE, CATHY- $36,259.68 DURING 2021, THE FOLLOWING EMPLOYEES RECEIVED BENEFIT PAYOUTS FROM A NON-QUALIFIED RETIREMENT PLAN. ROCH, KAREN- $280,000.00 CHAN, PAMELA- $188,000.00 GRUNDY, SCOTT- $70,000.00 WINTER, DEBBIE- $56,000.00 ROSS, YVONNE- $46,666.67 FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP VOTES TO ELECT GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERSHIP VOTES ON ANY GOVERNING BY-LAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 TAX RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. INDIVIDUALS MUST REPORT ANY CONFLICT OF INTEREST AT THE TIME IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 15(A) COMPENSATION COMMITTEE REVIEWS INFORMATION FROM INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY FOR CEO'S AND RECOMMENDS SALARY RANGE FOR EACH POSITION. CEO'S COMPENSATION IS APPROVED BY THE BOARD. 15(B) COMPENSATION FOR OTHER OFFICERS IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON INPUT FROM AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT ALL BRANCH LOCATIONS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS REPRESENTING THE ENTIRE MEMBERSHIP. OTHER POLICY STATEMENTS MAY BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS 14,988. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME-DEFINED BENEFIT PENSION PLAN 1,681,213. 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.