2020-11-16T16:47:26-06:00 2019-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2019-01-01 866050693 CANYON STATE CREDIT UNION CANY 6235806000 3440 W DEER VALLEY RD PHOENIX AZ 85027 DAVID SKILTON CFO 6235806000 2020-11-16 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2020-11-16 15:28:33 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2022-01-07 14:23:13Z JANE DOBBS 3440 W DEER VALLEY RD PHOENIX AZ 85027 21708239 0 X WWW.CANYONSTATECU.ORG X 1951 AZ PROVIDE CREDIT TO MEMBERS, PROMOTE THRIFT TO MEMBERS AND PROVIDE FINANCIAL SERVICES TO MEMBERS. 15 15 126 22 146926 0 0 0 8257311 11734811 1939606 1829740 771319 2181188 10968236 15745739 0 11400 0 0 4194736 5609795 0 0 0 6358712 7989757 10553448 13610952 414788 2134787 193259289 435266774 175837033 391778116 17422256 43488658 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 PROVIED CREDIT IN 2019 TO 3,175 MEMBERS FOR $89,005,157. AT DECEMBER 31, 2019, 15,911 MEMBERS HAD $290,621,313 IN OUTSTANDING LOANS. PROMOTE THRIFT TO 37,051 MEMBERS WITH TOTAL DEPOSITS OF $376,962,231 AT DECEMBER 31, 2019. 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 3453 0 1 126 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 0 X DAVID SKILTON 6235806000 3440 W DEER VALLEY RD PHOENIX AZ 85027 JERRY HARTRIM DIRECTOR 1.00 X 0 0 0 RAE KINSMAN DIRECTOR 1.00 X 0 0 0 PAUL WATERMAN CO-CHAIRPERSON OF THE BOARD 1.00 X 0 0 0 ANDREW ROBERTS CO-VICE CHAIRPERSON 1.00 X 0 0 0 LORENZO SIERRA DIRECTOR 1.00 X 0 0 0 ERICA GIBBONS BOARD TREASURER 1.00 X 0 0 0 DAVID MATSON CO-CHAIRMAN OF SUPERVISORY 1.00 X 0 0 0 CHRIS URNESS CO-CHAIRPERSON OF THE BOARD 1.00 X 0 0 0 JANET BURGETT MARTIN CO-VICE CHAIRPERSON 1.00 X 0 0 0 MELANIE MERRILL SECRETARY 1.00 X 0 0 0 DENNIS MCDONALD DIRECTOR 1.00 X 0 0 0 JJ PETERSEN DIRECTOR 1.00 X 0 0 0 STEVE WOLFE DIRECTOR 1.00 X 0 0 0 ROBER ZOLLINGER DIRECTOR 1.00 X 0 0 0 AL DUBRWA CO-CHAIRMAN OF SUPERVISORY 1.00 X 0 0 0 HARSHAD DESAI COMMITTEE MEMBER 1.00 X 0 0 0 LUPE HARRINGER COMMITTEE MEMBER 1.00 X 0 0 0 FRANK MARTINSON COMMITTEE MEMBER 1.00 X 0 0 0 RICHARD RODRIGUES COMMITTEE MEMBER 1.00 X 0 0 0 ROBB SCOTT PRESIDENT/CEO 55.00 X 371437 0 137901 DAVID SKILTON CHIEF FINANCIAL OFFICER/SVP 55.00 X 147308 0 16965 ANTHONY ROCHA FINANCIAL ADVISOR 45.00 X 138924 0 17046 JANE DOBBS PRESIDENT/CEO 55.00 X 252638 0 15809 GREG ALBANO CHIEF INFO TECHNOLOGY OFFICER/SVP 55.00 X 155129 0 17129 RICHARD REILEY CHIEF LENDING OFFICER 55.00 X 129060 0 15938 FRANCES BURAZIN VICE PRESIDENT OF ACCOUNTING 55.00 X 126607 0 15825 1321103 0 236613 8 0 1 0 FISERV PO BOX 208457 DALLAS TX 753208457 CORE DATA SYSTEM SERVICES 1006072 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 ONLINE/MOBILE BANKING PROVIDER 263156 ELEMENT 155 BREWERY LANE SUITE 1 PORTSMOUTH NH 03801 BUILD AND DESIGN FIRM 167080 ARIZONA UNCLAIMED PROPERTY UNIT 1600 W MONROE DIV CODE 10 PHOENIX AZ 85007 ESCHEATMENT 131733 DIEBOLD NIXDORF PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICES 117982 5 INCOME ON LOANS 522100 6998637 6998637 FEES AND CHARGES 522100 4589248 4589248 UNRELATED SHARED BRANCHING 525990 82053 82053 UNRELATED WARRANTY INSURANCE INCO 524298 43600 43600 UNRELATED NON MEMBER ATM INCOME 900099 21273 21273 11734811 1889622 1889622 5902618 5962500 -59882 -59882 -59882 BARGAIN PURCHASE GAIN 522100 2166915 2166915 MISCELLANEOUS INCOME 522100 14273 14273 2181188 15745739 13709191 146926 1889622 X 11400 673611 4065664 81448 451758 337314 36694 79120 220125 1614038 672068 368370 16714 80141 1075262 62662 404203 71076 DEBIT/CREDIT CARD EXPEN 1106515 MERGER EXPENSE 645370 PROVISION FOR LOAN LOSS 567077 MAINTENANCE AND REPAIRS 515509 454813 13610952 1055366 3042057 4727216 34327769 140510 5153808 2700000 108260880 289618481 225528 535089 26507858 6453840 5089386 20054018 68449686 63972754 1423713 3479020 2278579 3887004 10105199 193259289 435266774 1584228 4815883 20150000 10000000 154102805 376962233 175837033 391778116 X 0 0 0 0 17422256 43488658 17422256 43488658 193259289 435266774 X 2134787 905839 23025776 X X 0 1 X 1 0 0 7853379 7853379 12572975 2185506 10387469 252430 89949 162481 5829074 4178385 1650689 20054018 MEMBER DEPOSITS 376962233 376962233 X 15745739 0 15745739 0 15745739 13610952 0 13610952 0 13610952 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 2018 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, 2019 AND 2018. THE CREDIT UNION'S 2016 THROUGH 2018 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X X 1 1 0 ROBB SCOTT PRESIDENT/CEO 312752 0 33626 0 25059 0 127401 0 10500 0 509338 0 0 0 DAVID SKILTON CHIEF FINANCIAL OFFICER/SVP 137308 0 10000 0 0 0 6865 0 10100 0 164273 0 0 0 ANTHONY ROCHA FINANCIAL ADVISOR 0 0 138924 0 0 0 6946 0 10100 0 155970 0 0 0 JANE DOBBS PRESIDENT/CEO 114174 0 25750 0 112714 0 5709 0 10100 0 268447 0 0 0 GREG ALBANO CHIEF INFO TECHNOLOGY OFFICER/SVP 140580 0 14549 0 0 0 7029 0 10100 0 172258 0 0 0 PART I, LINES 4A-B LINE 4A: SEVERANCE: JANE DOBBS ($112,713.86) LINE 4B: JANE DOBBS PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE CREDIT UNION ISSUED A LOAN TO JANE DOBBS FOR THE PURPOSE OF PURCHASING AN INSURANCE POLICY THAT WILL BE USED TO FUND HER DEFERRED COMPENATION PLAN. THE LOAN RELATED TO THIS ARRANGEMENT IS REPORTED ON SCHEDULE L. JANE DOBBS FORMER CEO/PRESIDENT FUNDING OF 457 (F) X 2700000 2700000 0 1 1 2700000 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 UPON RECEIPT OF THE COMPLETED FORM 990, MANAGEMENT REVIEWS THE DOCUMENT FOR ACCURACY AND REASONABLENESS. ONCE THIS REVIEW IS COMPLETED, THE FORM 990 IS FILED WITH THE IRS. THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT A LATER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS RECUSE THEMSELVES IF THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW OF THE CEO AND DETERMINE COMPENSATION BASED UPON PERFORMANCE AND TRUSTED INDUSTRY SOURCES TO ENSURE THEY ARE REASONABLE IN THEIR DECSIONS. CEO PERFORMS AN ANNUAL REVIEW OF OTHER KEY PERSONNEL AND ESTABLISHES COMPENSATION BASED UPON PERFORMANCE, INDUSTRY STANDARDS AND BUDGET RESTRICTIONS ESTABLISHED BY THE BOARD OF DIRECTORS. 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 LOAN SERVICING 213,168. MISCELLANEOUS 120,396. OTHER LOSSES/FRAUD 74,447. EDUCATION AND PROMOTION 43,015. UBIT EXP 3,787. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 23,025,776. 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.