2019-10-24T10:26:31-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-01-01 860108770 ONEAZ CREDIT UNION ONEA 6024674088 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 MICHAEL BODEN SVP, CONTROLLER 6024674094 2019-10-08 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2019-10-08 09:14:18 US P FD94BE241EB30D59D427851B854338419E5FBD2E CF5DC47B04BEE981237F6452D320A88985A44A86 2018 2019-02-21 02:37:17Z DAVE DOSS 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 109122207 0 X WWW.ONEAZCU.COM X 1951 AZ A FINANCIAL COOPERATIVE PROVIDING MEMBERS WITH FINANCIAL SERVICES. 9 9 652 14 90726 0 0 0 88026617 95795115 9746488 8817604 289933 3056741 98063038 107669460 92702 153632 4622367 3286501 42183689 43357099 0 0 0 38643588 44709267 85542346 91506499 12520692 16162961 2006869184 2049958630 1818324085 1844415154 188545099 205543476 TO PROVIDE OUR MEMBER-OWNERS WITH RESPONSIVE SERVICE, CONVENIENT ACCESS, CONSUMER EDUCATION, AND VALUE-ADDED FINANCIAL AND RELATED PRODUCTS AND SERVICES, IN A FISCALLY SOUND MANNER. 0 0 THE CREDIT UNION PROVIDES CHECKING AND SAVINGS DEPOSIT ACCOUNTS AS WELL AS CONSUMER, REAL ESTATE AND BUSINESS LOANS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 69149 0 652 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 X MICHAEL BODEN 6024674094 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 SHANE SIREN CHAIRMAN 2.00 X X 35422 0 0 MARTHA ROZEN VICE CHAIRMAN 2.00 X X 24845 0 0 JON BORGE TREASURER 2.00 X X 20000 0 0 JOSEPH SMITH SECRETARY 2.00 X X 27590 0 0 CONNIE OHANESIAN SECRETARY (RESIGNED 4/18) 2.00 X X 0 0 0 GEORGANNA MEYER DIRECTOR 2.00 X 13217 0 0 FRANK FELIX DIRECTOR 2.00 X 25962 0 0 MARQUETTA WHITE DIRECTOR 2.00 X 24283 0 0 RAY O'CONNOR DIRECTOR 2.00 X 26335 0 0 SAM WHEELER DIRECTOR 2.00 X 24978 0 0 DAVE DOSS CEO/PRESIDENT 40.00 X 911462 0 512296 DAVID G SWEIDERK EVP COO (RESIGNED 1/18) 40.00 X 638731 0 -15206 RICHARD K REEDY EVP CHIEF FINANCIAL OFFICER 40.00 X 411154 0 123000 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 40.00 X 349928 0 96213 DEBORAH PEARSON EVP STRATEGY & BRAND 40.00 X 290361 0 97330 STEPHEN HODGSON EVP DATA ANALYTICS 40.00 X 215555 0 76335 LAURA WORZELLA EVP CHIEF RETAIL SALES OFFICER 40.00 X 205513 0 62517 BRYAN NIELSEN SVP SUPPORT SERVICES 40.00 X 253875 0 49271 SASSAN AZHADI SVP CHIEF INFORMATION 40.00 X 351114 0 66383 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE/CRM 40.00 X 251373 0 60216 THOMAS WILSON SVP BUS ANALYTICS (RESIGNED 9/18) 40.00 X 286828 0 12478 MICHAEL BODEN SVP CONTROLLER 40.00 X 220623 0 56505 ROBERT GIBBONI JR SVP RISK MANAGEMENT 40.00 X 330747 0 38933 MARK TABER SVP CREDIT ADMINISTRATION 40.00 X 166831 0 34472 RANDON CUPP NO REG PRESIDENT (RESIGNED 10/18) 40.00 X 238917 0 25165 JAMES MATHIASCH MORTGAGE ORGINATION PROG DIRECTOR 40.00 X 204000 0 20582 GRACE DUVAL SO REG PRESIDENT (RESIGNED 10/18) 40.00 X 246003 0 19440 MICHAEL SAMMONS FINANCIAL ADVISOR 40.00 X 254819 0 37424 THOMAS MITCHELL VP WEALTH MANAGEMENT 40.00 X 231703 0 12744 6282169 0 1386098 51 0 1 0 DBSI INC 6950 W MORELOS PL CHANDLER AZ 85226 BRANCH DESIGN, CONSTRUCTION & MAINTENANC 5404471 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 BANKING SYSTEM & TECHNOLOGY 3342109 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT & DEBIT CARD PROCESSING 3321978 NCR CORPORATION 858 SPRING ST ATLANTA GA 30308 ATM & DIGITAL SERVICES 2501684 MICROSOFT ONE MICROSOFT WAY REDMOND WA 98052 ONLINE & MOBILE BANKING SUPPORT 1362166 72 INTEREST ON LOANS 522100 61290413 61290413 INTERCHANGE INCOME 522100 11810382 11810382 FEES AND CHARGES 522100 10012620 9921894 90726 NSF FEE INCOME 522100 8286806 8286806 GAIN ON SALE OF LOANS HELD FOR SA 522100 4394894 4394894 95795115 9645361 9645361 663889 182842 481047 481047 481047 213179 228969 0 1269905 213179 -1040936 -827757 -827757 SETTLEMENT PROCEEDS 900099 1313480 1313480 MISCELLANEOUS INCOME 522100 1262214 1262214 2575694 107669460 97447650 90726 10131084 153632 3286501 6377473 28485560 2554286 3631062 2308718 957262 108496 1924470 2589625 2958128 7608561 4437826 1168060 878775 862711 3009932 CREDIT CARD EXPENSES 6218081 PROVISION FOR LOAN LOSS 6060000 LOAN AND BANKING FEES 3243095 ONLINE BANKING EXPENSES 1783916 900329 91506499 48528535 73040134 28756050 3231542 1455977629 1467982826 6408282 10830884 91595100 29368629 59019082 62226471 335076176 364485528 28127216 25789762 44976214 42371483 2006869184 2049958630 17559374 17074937 77500000 45000000 1723264711 1782340217 1818324085 1844415154 X 0 0 0 0 188545099 205543476 188545099 205543476 2006869184 2049958630 X 16162961 203274 632142 X 0 1 X 1 0 22161549 22161549 48018171 14414734 33603437 2585765 1761777 823988 18650038 13143640 5506398 179577 48478 131099 62226471 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1776801352 PENSION PLAN VALUATION 5538865 1782340217 X 107289666 0 107289666 379794 379794 107669460 91126705 -379794 -379794 91506499 0 91506499 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 EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2018 AND 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FORECLOSED ASSETS -750,844. SETTLEMENT INCOME RECLASSED TO REVENUE 1,313,480. RENTAL EXPENSES -182,842. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FORECLOSED ASSETS 750,844. SETTLEMENT INCOME RECLASSED TO REVENUE -1,313,480. RENTAL EXPENSES 182,842. 1 ONEAZ COMMUNITY FOUNDATION 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 501(C)(3) 61250 UNRESTRICTED VALLEY OF THE SUN UNITED WAY 3200 E CAMELBACK RD SUITE 375 PHOENIX AZ 85018 860104419 501(C)(3) 16926 UNRESTRICTED WORLD COUNCIL OF CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 391143339 501(C)(6) 6880 UNRESTRICTED WILDLIFE FOR TOMORROW FOUNDATION 5000 W CAREFREE HIGHWAY PHOENIX AZ 85086 860684044 501(C)(3) 8290 UNRESTRICTED ARIZONA STATE CAPITAL MUSEUM GUILD PO BOX 210026 TUCSON AZ 85721 860554728 501(C)(3) 20000 UNRESTRICTED MOUNTAIN WEST CREDIT UNION ASSOCIATION 2020 N CENTRAL AVE SUITE 530 PHOENIX AZ 85004 840375111 501(C)(6) 7500 UNRESTRICTED 4 2 PART I, LINE 2: GRANTS OR DONATIONS ARE APPROVED BY THE BOARD IN THE ANNUAL BUDGETING PROCESS WITH APPROVED DONATIONS ADMINISTERED AND MONITORED THROUGHOUT THE YEAR BY SENIOR MANAGEMENT. 1 X X X X 1 1 0 DAVE DOSS CEO/PRESIDENT 621687 0 289775 0 0 0 492886 0 19410 0 1423758 0 0 0 DAVID G SWEIDERK EVP COO (RESIGNED 1/18) 82047 0 63553 0 493131 0 -16584 0 1378 0 623525 0 0 0 RICHARD K REEDY EVP CHIEF FINANCIAL OFFICER 304421 0 75561 0 31172 0 107911 0 15089 0 534154 0 0 0 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 247907 0 64695 0 37326 0 84898 0 11315 0 446141 0 0 0 DEBORAH PEARSON EVP STRATEGY & BRAND 234533 0 55828 0 0 0 82010 0 15320 0 387691 0 0 0 STEPHEN HODGSON EVP DATA ANALYTICS 215555 0 0 0 0 0 64352 0 11983 0 291890 0 0 0 LAURA WORZELLA EVP CHIEF RETAIL SALES OFFICER 172513 0 0 0 33000 0 52360 0 10157 0 268030 0 0 0 BRYAN NIELSEN SVP SUPPORT SERVICES 211748 0 42127 0 0 0 38245 0 11026 0 303146 0 0 0 SASSAN AZHADI SVP CHIEF INFORMATION 245264 0 105850 0 0 0 53429 0 12954 0 417497 0 0 0 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE/CRM 185366 0 41565 0 24442 0 44897 0 15319 0 311589 0 0 0 THOMAS WILSON SVP BUS ANALYTICS (RESIGNED 9/18) 110928 0 26482 0 149418 0 7401 0 5077 0 299306 0 62457 0 MICHAEL BODEN SVP CONTROLLER 181906 0 38717 0 0 0 36412 0 20093 0 277128 0 0 0 ROBERT GIBBONI JR SVP RISK MANAGEMENT 165759 0 32324 0 132664 0 18992 0 19941 0 369680 0 0 0 MARK TABER SVP CREDIT ADMINISTRATION 160206 0 1625 0 5000 0 27229 0 7243 0 201303 0 0 0 RANDON CUPP NO REG PRESIDENT (RESIGNED 10/18) 150119 0 55787 0 33011 0 10702 0 14463 0 264082 0 0 0 JAMES MATHIASCH MORTGAGE ORGINATION PROG DIRECTOR 116512 0 87488 0 0 0 10264 0 10318 0 224582 0 0 0 GRACE DUVAL SO REG PRESIDENT (RESIGNED 10/18) 143078 0 64749 0 38176 0 10583 0 8857 0 265443 0 0 0 MICHAEL SAMMONS FINANCIAL ADVISOR 22250 0 232569 0 0 0 17283 0 20141 0 292243 0 0 0 THOMAS MITCHELL VP WEALTH MANAGEMENT 161703 0 60000 0 10000 0 11479 0 1265 0 244447 0 0 0 PART I, LINES 4A-B DAVID SWEIDERK SEVERANCE - $348,883 TOM WILSON SEVERANCE - $71,748 RANDON CUPP SEVERANCE - $26,821 GRACE DUVAL SEVERANCE - $35,284 DAVID SWEIDERK 457(F) DISTRIBUTIONS - $144,248 ROBERT GIBBONI JR. 457(F) DISTRIBUTIONS - $132,664 TOM WILSON 457(F) DISTRIBUTIONS - $77,670 PART II, COLUMN C THE CREDIT UNION HAS A DEFINED BENEFIT PLAN AND THE ANNUAL INCREASE OR DECREASE IN ACTUARIAL VALUE HAS BEEN REPORTED IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 6 ONEAZ CREDIT UNION IS OWNED BY THE MEMBERS WHO BANK WITH US. EACH MEMBER HOLDS ONE SHARE SAVINGS ACCOUNT WITH A MINIMUM DEPOSIT OF $5. PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS CONSISTS OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN ONE OF THE FIFTEEN ARIZONA COUNTIES. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD, OR ADOPTIVE RELATIVES OF EITHER OF THEM, AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE NOMIMATED FROM THE GENERAL MEMBERSHIP THROUGH THE FOLLOWING PROCESS: NOTICE OF THE ANNUAL ELECTION IS COMMUNICATED TO EACH MEMBER; INTERESTED MEMBERS SUBMIT AN APPLICATION; A BOARD APPOINTED NOMINATING COMMITTEE SCREENS AND INTERVEIWS CANDIDATES TO RECOMMEND FOR THE BALLOT; ELECTRONIC VOTING IS OPENED TO MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ORGANIZATIONAL ITEMS, SUCH AS CHARTER, MERGER, OR BOARD GOVERNANCE ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WHO HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FILING OF FORM 990 HAS BEEN DELIGATED TO MANAGEMENT. AS SUCH, INPUTS ARE COMPILED BY ACCOUNTING AND HR STAFF; REVIEWED BY THE SVP CONTROLLER AND PROVIDED TO OUR OUTSORCED ACCOUNTING FIRM FOR COMPLETION OF THE FORM 990. PRIOR TO FILING THE FINAL FORM 990, IT IS REVIEWED BY THE SVP CONTROLLER AND SHARED WITH THE CFO AND CEO. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION PROCEDURES REQUIRE ANNUAL WRITTEN ACKNOWLEDGEMENT BY EACH ASSOCIATE AND VOLUNTEER DOCUMENTING THEIR UNDERSTANDING AND COMPLIANCE WITH THE CODE OF CONDUCT AND BUSINESS ETHICS POLICY. EACH ASSOCIATE MUST ALSO COMPLETE ONLINE TRAINING AND PASS AN ONLINE TEST EACH YEAR TO DEMONSTRATE THEIR UNDERSTANDING OF THESE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 WE ENGAGE CREDIT UNION COMPENSATION EXPERTS TO DETERMINE SALARY RANGES AND MARKET PRICING FOR THE PHOENIX AREA FOR ALL EMPLOYEES, INCLUDING THE CEO AND EXECUTIVE OFFICERS. SALARY RANGES ARE REVIEWED EVERY YEAR TO ENSURE MARKET EQUITY IS IN LINE WITH OUR "TOTAL COMPENSATION" PHILOSOPHY. WE ALSO COMPLETE COMPENSATION SURVEYS WITH OTHER COMPENSATION ANALYSTS TO ENSURE A BROADER SAMPLING. CONTRACTED COMPENSATION EXPERTS PROVIDE DATA ON NATIONAL AND LOCAL SALARY RANGES AND OTHER RELATIVE DATA POINTS AROUND TOTAL COMPENSATION FOR THE CEO, EXECUTIVE OFFICERS AND BENEFITS OVERALL. THE COMPENSATION COMMITTEE MAKES RECOMMENDATIONS TO THE FULL BOARD BASED ON THESE INPUTS. ALL DISCUSSIONS & DECISIONS ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 REGULATORY FINANCIAL REPORTS PROVIDED BY NCUA.GOV ARE PROVIDED UPON REQUEST. WE ALSO POST A COPY OF OUR MONTHLY STATEMENT OF FINANCIAL CONDITION IN ALL OF OUR BRANCHES. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PENSION PLAN ASSETS 632,142. ARIZONA FINANCIAL NETWORK LLC 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 481267437 INSURANCE BROKERAGE AZ 0 2500 ONEAZ CREDIT UNION ONEAZ COMMUNITY FOUNDATION INC 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 PHILANTRROPIC,EDUCATIONAL,CHARITABLE ACTIVITIES AIMED AT AZ COMMUNITIES. AZ 501 (C)(3) LINE 10 ONEAZ CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ONEAZ COMMUNITY FOUNDATION B 61250 FAIR VALUE