2019-11-07T11:58:23-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 5255 EAST WILLIAMS CIRCLE STE 5000 TUCSON AZ 85711 990 2018-01-01 840375111 MOUNTAIN WEST CREDIT UNION ASSOCIATION MOUN 8004771697 1009 GRANT ST DENVER CO 80203 SHAUN ONGSTAD SENIOR VP 8004771697 2019-11-04 1 LISA ADAMS P00854368 5207903500 2019-11-04 67.137.57.251 2019-11-04 15:38:32 US P 3605098DE1C5714001CCA2EBA3FCCF3F67934A02 8ECECD2934116A1446D5A984C58DA1E2D1128512 2018 2020-03-31 21:24:44Z SCOTT EARL 1009 GRANT ST DENVER CO 80203 7803270 0 X WWW.MWCUA.COM X 1969 CO TO PROTECT, PROMOTE AND PERPETUATE THE CREDIT UNION MOVEMENT IN ARIZONA, COLORADO AND WYOMING. 11 11 0 43 0 0 0 0 4007103 4015991 354494 609663 -376610 565112 3984987 5190766 0 0 0 0 2341926 2546719 0 0 0 1997079 1881867 4339005 4428586 -354018 762180 17321241 17666910 462927 709917 16858314 16956993 TO PROTECT, PROMOTE AND PERPETUATE THE CREDIT UNION MOVEMENT IN ARIZONA, COLORADO AND WYOMING. 0 0 THE ASSOCIATION PROVIDES EDUCATION AND TRAINING PROGRAMS AND CONFERENCES FOR MEMBER CREDIT UNIONS. SUCH PROGRAMS AND CONFERENCES HELP CREDIT UNION STAFF, MANAGEMENT AND VOLUNTEERS DEVELOP THE SKILLS THEY NEED TO GROW THEIR CREDIT UNION. THE ASSOCIATION'S ADVOCACY DEPARTMENT PROVIDES ARIZONA, COLORADO AND WYOMING CREDIT UNIONS WITH LEGISLATIVE, POLITICAL, GRASSROOTS, LEGAL AND REGULATORY SUPPORT. THE FUNCTION OF THE ADVOCACY TEAM IS TO CREATE A POSITIVE REGULATORY AND LEGISLATIVE ENVIRONMENT FOR STATE AND FEDERALLY CHARTERED CREDIT UNIONS. THE ASSOCIATION ALSO PROVIDES COMPLIANCE ADVICE AND WEEKLY COMMUNICATION TO ITS CREDIT UNION MEMBERS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 20 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 0 0 1 1 1 0 X MOUNTAIN WEST CREDIT UNION ASSOCIATION 8004471697 1009 GRANT ST DENVER CO 80203 JIM YATES CHAIRMAN 4.00 X 0 0 0 JAY CURTIS VICE CHAIR 2.00 X 0 0 0 GREG MILLS SECRETARY 2.00 X 0 0 0 COLLEEN CURTIS TREASURER 2.00 X 0 0 0 BOB RAMIREZ DIRECTOR 2.00 X 0 0 0 DAVE DOSS DIRECTOR 2.00 X 0 0 0 JOHN UCHIDA DIRECTOR 4.00 X 0 0 0 STEVE HIGGINSON DIRECTOR 2.00 X 0 0 0 KERRY SPRADLING DIRECTOR 2.00 X 0 0 0 TODD MARKSBERRY DIRECTOR 2.00 X 0 0 0 JOHN FARIES DIRECTOR 2.00 X 0 0 0 SCOTT EARL PRESIDENT/CEO 20.00 X 0 945485 83447 TIM DORE SENIOR VP 40.00 X 0 169188 47100 DAN SANTANGELO SENIOR VP 28.00 12.00 X 0 168928 48344 MARK ROBEY SENIOR VP 24.00 16.00 X 0 155025 40056 SHAUN ONGSTAD SENIOR VP 20.00 20.00 X 0 150763 42637 PATRICIA HAZELETT DIR. OF CORP COMM 24.00 16.00 X 0 94749 29769 CHRISTOPHER KEMM VP POLITICAL AFFAIRS 40.00 X 0 110569 19460 NICOLE BRUSEWITZ VP EDUCATION AND EVENTS 40.00 X 0 96366 28106 MELIA HEIMBUCK DIR. OF COMPLIANCE OPERATIONS 4.00 36.00 X 0 100069 14663 0 1991142 353582 0 0 1 0 THE BROADMOOR PO BOX 1439 COLORADO SPRINGS CO 809011439 HOTEL & CONVENTION 349632 PEREGRINE LEADERSHIP INSTITUTE PO BOX 741 GILLETTE WY 82717 EDUCATION 153408 2 MEMBERSHIP DUES AND ASSESSMENTS 900099 2455133 2455133 ADMINISTRATION & SUPPORT FEES 611430 773111 773111 ANNUAL MEETING 611430 423011 423011 EDUCATION PROGRAMS 611430 364736 364736 4015991 123675 123675 3098492 2612504 485988 485988 485988 EQUITY INCOME OF SUBSIDIARY 900099 564846 564846 MISC INCOME 900099 266 266 565112 5190766 4704778 0 485988 2052307 138310 219203 136899 130186 12625 19602 192968 23858 10997 121804 37999 99736 202024 17316 147984 75931 22838 COST OF EDUCATION PROGR 647158 DUES & SUBSCRIPTIONS 57233 TELEPHONE 49724 11884 4428586 249022 360148 166003 126436 49156 58387 389179 62107 0 327072 4683578 4056539 11663172 12228018 510310 510310 17321241 17666910 214491 487463 47317 13512 201119 208942 462927 709917 X 16858314 16956993 16858314 16956993 17321241 17666910 762180 -663501 0 X X 1 X 0 1 0 136738 0 0 1 0 0 389179 62107 327072 327072 12060922 C CUNA STRATEGIC SERVICES, INC 67096 C CERTIFICATES OF DEPOSIT 100000 C 12228018 ACCRUED COMPENSATED ABSENCES 192995 ACCRUED POST RETIREMENT BENEFIT 15947 208942 X PART X, LINE 2: THE ASSOCIATION QUALIFIES FOR AND HAS RECEIVED EXEMPTION AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, THE ASSOCIATION'S SUBSIDIARY IS A TAXABLE ENTITY AND, THEREFORE, FEDERAL AND STATE INCOME TAXES HAVE BEEN PROVIDED FOR ON THE SUBSIDIARY'S INCOME. THE COMPANY'S ACCOUNTING POLICY UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, IS TO RECOGNIZE IN ITS FINANCIAL STATEMENTS ONLY THOSE TAX BENEFITS (REPORTED OR TO BE REPORTED IN ITS TAX RETURNS) WHEN IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT CURRENTLY BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT ALL OF ITS SIGNIFICANT TAX POSITIONS, INCLUDING POSITIONS RELATED TO THE UNRELATED BUSINESS INCOME TAX (UBIT), WOULD BE SUSTAINED ON EXAMINATION BY RELEVANT TAXING AUTHORITIES. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. FEDERAL INCOME TAX RETURNS RELATED TO UBIT HAVE NOT BEEN FILED AS MANAGEMENT CURRENTLY BELIEVES THAT NONE OF THE ASSOCIATION'S ACTIVITIES ARE UNRELATED TO ITS EXEMPT PURPOSE. X 1 1 X X X X X 0 1 0 SCOTT EARL PRESIDENT/CEO 0 428008 0 501401 0 16076 0 61903 0 21544 0 1028932 0 0 TIM DORE SENIOR VP 0 160011 0 3150 0 6027 0 20999 0 26101 0 216288 0 0 DAN SANTANGELO SENIOR VP 0 156857 0 1798 0 10273 0 36897 0 11447 0 217272 0 0 MARK ROBEY SENIOR VP 0 143682 0 1717 0 9626 0 14649 0 25407 0 195081 0 0 SHAUN ONGSTAD SENIOR VP 0 140910 0 1490 0 8363 0 33610 0 9027 0 193400 0 0 PART I, LINE 1A THE CURRENT YEAR AMOUNT WAS $1,747 WHICH WAS INCLUDED IN THE OFFICER'S TAXABLE COMPENSATION. PART I, LINE 4B ALL OFFICERS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN SPONSORED BY A RELATED ORGANIZATION (THE ASSOCIATION'S WHOLLY OWNED SUBSIDIARY, CREDIT UNION STRATEGIC PARTNERS, INC.(STRATEGIC PARTNERS)).THE AMOUNT CONTRIBUTED TO THE PLAN BY THE STRATEGIC PARTNERS IS EQUAL TO 2% OF THE PARTICIPANT'S COMPENSATION PLUS ONE TO ONE MATCHING OF THE COMPENSATION THE PARTICIPANT HAS ELECTED TO DEFER UP TO 3% (TOTAL MATCHING OF 5%). A NONQUALIFIED DEFERRED COMPENSATION PLAN HAS BEEN ESTABLISHED AND SPONSORED BY STRATEGIC PARTNERS FOR THE BENEFIT OF THE ORGANIZATIONS' CEO. THE CEO MUST BE CONTINUOUSLY EMPLOYED FOR A CERTAIN NUMBER OF YEARS TO EARN THE DEFERRED COMPENSATION PAYMENT. THE PLAN IS UNFUNDED, AND AMOUNTS ACCRUED UNDER THE PLAN BY STRATEGIC PARTNERS FOR 2018 WERE $110,000, WITH NO AMOUNT ALLOCATED TO THE ASSOCIATION. CREDIT UNION STRATEGIC PARTNERS WHOLLY OWNED SUBSIDIARY 62781 RENT PAID 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ASSOCIATION CONSIST OF STATE AND FEDERAL CREDIT UNIONS HAVING THEIR PRINCIPAL OFFICE LOCATED IN THE STATES OF ARIZONA, COLORADO, OR WYOMING. A CREDIT UNION HAVING ITS PRINCIPAL OFFICE OUTSIDE THE STATE OF ARIZONA, COLORADO OR WYOMING MAY BE AN ASSOCIATE CREDIT UNION MEMBER FOR THE ASSOCIATION PROVIDED THE CREDIT UNION MAINTAINS A PHYSICAL OFFICE WITHIN THE STATES OF ARIZONA, COLORADO, OR WYOMING AND MEETS CERTAIN OTHER CONDITIONS. SUCH ASSOCIATE CREDIT UNION MEMBER SHALL HAVE THE SAME VOTING RIGHTS AS MEMBER CREDIT UNIONS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS THROUGH AN ELECTION PROCESS AS OUTLINED IN THE BYLAWS. THE TERMS OF DIRECTORS ARE GENERALLY THREE YEARS AND ARE STAGGERED WITHIN EACH CLASS. EACH MEMBER HAS ONE VOTE FOR EACH DIRECTORSHIP IN THEIR STATE ONLY. ALL ELECTIONS FOR DIRECTORS SHALL BE DETERMINED BY PLURALITY VOTE, AND CONCLUDE ANNUALLY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF GOVERNING BODY REQUIRING APPROVAL BY THE MEMBERSHIP INCLUDE: EXPULSION OF A MEMBER (2/3 VOTE), AMEND THE BYLAWS (MAJORITY VOTE), AND AMEND THE CERTIFICATE OF INCORPORATION (2/3 VOTE. IN THE EVENT OF DISSOLUTION OF THE ASSOCIATION, ALL ASSETS WILL BE LIQUIDATED, AND ALL CREDITORS WILL BE PAID IN FULL, AFTER WHICH DISTRIBUTION WILL BE MADE TO THE MEMBER CREDITS UNIONS IN PROPORTION TO THE DUES PAID BY THEM IN THAT YEAR IN WHICH LIQUIDATION COMMENCED. ASSOCIATE MEMBERS SHALL NOT BE ENTITLED TO ANY DISTRIBUTION OF MONEY OR PROPERTY UPON LIQUIDATION OR OTHERWISE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ASSOCIATION'S CPA FIRM AND THEN REVIEWED THOROUGHLY BY THE ASSOCIATION'S SENIOR VP/CU ENGAGEMENT BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 15 CEO - THE REVIEW IS DONE ANNUALLY BY KGA (OUTSIDE CONSULTING FIRM) WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. KGA PREPARES COMPARABLE DATA AND MONITORS THE REVIEW PROCESS. OTHER OFFICERS AND KEY EMPLOYEES - DIRECT SUPERVISOR REVIEWS ANNUALLY AND PREPARES A WRITTEN EVALUATION THAT IS REVIEWED BY THE EMPLOYEE AND SIGNED, THE KGA COMPEASE PROGRAM IS USED TO DETERMINE SALARIES BASED ON THE COMPETENCIES AND REQUIRED SKILL LEVELS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC EXCEPT UPON REQUEST AND APPROVAL BY KEY MANAGEMENT. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT FROM THE PRIOR YEAR. MOUNTAIN WEST CU FOUNDATION INC 1009 GRANT ST DENVER CO 80203 742232424 501(C)(3) CO 501(C)(3) LINE 10 N/A 0 CREDIT UNION STRATEGIC PARTNER 1009 GRANT STREET DENVER CO 80203 840620601 CREDIT UNION SERVICES CO N/A C 2125267 13678913 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 CREDIT UNION STRATEGIC PARTNERS J 62781 MARKET RENT CREDIT UNION STRATEGIC PARTNERS P 147984 COST CREDIT UNION STRATEGIC PARTNERS O 773112 COST