2021-11-10T16:02:54-06:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 866050693 COPPER STATE CREDIT UNION COPP 6235803000 15458 N 28TH AVENUE PHOENIX AZ 85027 DAVID SKILTON CFO 6235806000 2021-11-09 1 DAVID SKILTON 999009999 DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X X ROBERT SCOTT 15458 N 28TH AV PHOENIX AZ 85027 24684898 0 X WWW.COPPERSTATECU.ORG X 1951 AZ PROVIDE CREDIT TO MEMBERS, PROMOTE THRIFT TO MEMBERS AND PROVIDE FINANCIAL SERVICES TO MEMBERS. 15 15 136 22 188540 0 0 0 11734811 22638356 1829740 1657322 2181188 0 15745739 24295678 11400 0 0 0 5609795 10634201 0 0 0 7989757 14134061 13610952 24768262 2134787 -472584 435266774 529568174 391778116 484656910 43488658 44911264 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 2020 TO 10,335 MEMBERS FOR $226,716,844. AS OF DECEMBER 31, 2020, 20,700 MEMBERS HAD $334,455,958 IN OUTSTANDING LOANS. PROMOTE THRIFT TO 39,343 MEMBER WITH TOTAL DEPOSITS OF $459,794,694 AS OF DECEMBER 31, 2020. 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 7144 0 1 136 1 1 1 0 0 0 0 0 0 0 X 15 15 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 0 0 0 RAE KINSMAN DIRECTOR 1.00 X 0 0 0 PAUL WATERMAN DIRECTOR 1.00 X 0 0 0 ANDREW ROBERTS VICE CHAIRPERSON 1.00 X 0 0 0 LORENZO SIERRA DIRECTOR 1.00 X 0 0 0 ERICA GIBBONS SECRETARY 1.00 X 0 0 0 ROGER ZOLLINGER DIRECTOR 1.00 X 0 0 0 CHRIS URNESS DIRECTOR 1.00 X 0 0 0 JANET BURGETT MARTIN CHAIRPERSON 1.00 X 0 0 0 MELANIE MERRILL DIRECTOR 1.00 X 0 0 0 DENNIS MCDONALD DIRECTOR 1.00 X 0 0 0 TILLIE JONES DIRECTOR 1.00 X 0 0 0 STEVE WOLFE TREASURER 1.00 X 0 0 0 THOMAS PHALEN DIRECTOR 1.00 X 0 0 0 ROBERT SCOTT PRESIDENT/CEO 50.00 X 404896 0 35227 DAVID SKILTON CHIEF FINANCIAL OFFICER/SV 50.00 X 164538 0 12295 ANTHONY ROCHA FINANCIAL ADVISOR 50.00 X 183836 0 14551 JACLYN MARQUEZ MORTGAGE LOAN ORIGINATOR 41.00 X 193183 0 14893 GREG ALBANO CHIEF INFO TECHNOLOGY OFFI 50.00 X 165854 0 23284 SHELLEY VANCE VP MORTGAGE LENDING 50.00 X 145325 0 22997 TERESA TROSTEL CHIEF RISK OFFICER 50.00 X 146736 0 18129 1404368 0 141376 19 0 1 0 ELEMENT 155 BREWERY LANE SUITE 1 PORTSMOUTH NH 03801 BUILD AND DESIGN FIRM 4566712 FISERV PO BOX 208457 DALLAS TX 753208457 CORE DATA SYSTEM SERVICES 967269 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 ONLINE/MOBILE BANKING PROVIDER 545168 SENTINEL TECHNOLOGIES INC PO BOX 85080 CHICAGO IL 60680 TECHNOLOGY SERVICES 434661 CUBUS SOLUTIONS INC 3049A INDEPENDENCE DRIVE STE A LIVEMORE CA 94551 DIGITAL BANKING 337077 15 INCOME ON LOANS 522100 13011614 13011614 FEES, CHARGES, & OTHER 522100 9438202 9438202 FINANCE & INSURANCE 520000 188540 188540 22638356 1405619 1405619 640923 389220 251703 251703 251703 24295678 22701519 188540 1405619 X 616956 8277798 219718 893608 626121 46859 115600 1000190 2652403 758384 923342 24741 135595 1396579 102514 771360 86277 PROVISION FOR LOAN LOSS 1509950 DEBIT/CREDIT CARD EXPEN 1503383 LOAN SERVICING 1017417 MAINTENANCE AND REPAIRS 997034 1092433 24768262 3042057 2708456 34327769 42798585 5153808 1199023 2700000 7638000 289618481 332540405 535089 579761 27146252 5326705 20054018 21819547 63972754 99150766 3479020 2920593 2278579 2105783 10105199 16107255 435266774 529568174 4815883 14862216 10000000 10000000 376962233 459794694 391778116 484656910 X 0 0 0 0 43488658 44911264 43488658 44911264 435266774 529568174 X -472584 1102508 792682 X X 0 1 X 1 0 0 7137173 7137173 12243696 654461 11589235 259766 151007 108759 7505617 4521237 2984380 21819547 MEMBER DEPOSITS 459794694 459794694 X 24295678 0 24295678 0 24295678 24768262 0 24768262 0 24768262 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS MINIMALNET OPERATING LOSS CARRYFORWARD AS OF THE 2019 CALENDAR YEAR. 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 POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PUPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF SEPTEMBER 30, 2020 AND 2019. THE CREDIT UNION'S 2017 THROUGH 2019 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X X 0 1 0 ROBERT SCOTT PRESIDENT/CEO 343756 0 61140 0 0 0 0 0 35227 0 440123 0 0 0 JACLYN MARQUEZ MORTGAGE LOAN ORIGINATOR 44862 0 1387 0 146934 0 0 0 14893 0 208076 0 0 0 ANTHONY ROCHA FINANCIAL ADVISOR 31710 0 1137 0 150989 0 0 0 14551 0 198387 0 0 0 GREG ALBANO CHIEF INFO TECHNOLOGY OFFI 148835 0 17019 0 0 0 0 0 23284 0 189138 0 0 0 DAVID SKILTON CHIEF FINANCIAL OFFICER/SV 150143 0 14395 0 0 0 0 0 12295 0 176833 0 0 0 SHELLEY VANCE VP MORTGAGE LENDING 94655 0 1137 0 49533 0 0 0 22997 0 168322 0 0 0 TERESA TROSTEL CHIEF RISK OFFICER 123477 0 16644 0 6615 0 0 0 18129 0 164865 0 0 0 PART I, LINE 4B FORMER CEO JANE DOBBS AND CURRENT CEO ROBERT SCOTT PARTICIPATE IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE CREDIT UNION ISSUED A LOAN TO JANE DOBBS AND ROBERT SCOTT FOR THE PURPOSE OF PURCHASING AN INSURANCE POLICY THAT WILL BE USED TO FUND THEIR DEFERRED COMPENSATION PLAN. THE LOANS RELATED TO THIS ARRANGEMENT ARE REPORTED ON SCHEDULE L. 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 MERGER EXPENSE 663,108. COLLECTIONS 197,308. MISCELLANEOUS 135,746. OTHER LOSSES/FRAUD 79,760. EDUCATION AND PROMOTION 16,458. UBIT EXP 53. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 792,682. 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.