2018-06-14T15:30:42-05:00 2017-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2017-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1650 S PRIEST DRIVE TEMPE AZ 85281 DAVID SKILTON DIRECTOR OF FINANCE 6027973000 2018-06-08 1 GERALD B KISSELL P00092658 6123324300 2017 2022-09-23 18:48:47Z DAVID SKILTON 1650 S PRIEST DRIVE TEMPE AZ 85281 19979764 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ SHAPING A POWERFUL FINANCIAL FUTURE THROUGHOUT OUR COMMUNITIES, ONE MEMBER AT A TIME. 6 6 72 11 114189 0 0 0 9051062 9425559 1338752 1169484 0 0 10389814 10595043 0 0 310426 334288 4313175 4060516 0 0 0 6590804 15166044 11214405 19560848 -824591 -8965805 189324026 191316016 175728956 186688467 13595070 4627549 FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 CONSUMER LENDING - ALTIER CREDIT UNION PROVIDES SECURED CONSUMER LOANS FOR AUTOMOBILES, MOBILE HOMES, AND HOME EQUITY PRODUCTS, AS WELL AS PROVIDING UNSECURED CONSUMER LOANS FOR CREDIT CARDS AND OTHER LINES OF CREDIT. DURING 2017, THE CREDIT UNION FUNDED 7,414 NEW LOANS AND DISBURSED $80,491,957 IN NEW LOAN BALANCES. CONSUMER DEPOSITS - ALTIER CREDIT UNION PROVIDES DEPOSIT SERVICES IN THE FORM OF SAVINGS, CHECKING, MONEY MARKET, AND CERTIFICATE OF DEPOSIT ACCOUNTS. AT THE CLOSE OF 2017, THE CREDIT UNION HAD 38,854 DEPOSIT ACCOUNTS AND $182,267,262 IN DEPOSIT BALANCES. OTHER CONSUMER PRODUCTS - ALTIER CREDIT UNION OFFERS DEBT CANCELLATION INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, EXTENDED VEHICLE WARRANTIES, AND GAP WARRANTIES. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 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 4934 0 1 72 1 1 1 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 AZ X AMANDA THEISEN 6027973000 1650 SOUTH PRIEST DRIVE TEMPE AZ 85281 ROSE PFISTER CHAIR 1.00 X X 0 0 0 BRENDAN O'CONNOR VICE CHAIR 1.00 X X 0 0 0 YVONNE REININK SECRETARY/TREASURER 1.00 X X 0 0 0 NATHAN ERICKSON DIRECTOR 1.00 X 0 0 0 GEORGE NJOCK II DIRECTOR 1.00 X 0 0 0 VICKI DAVIS DIRECTOR 1.00 X 0 0 0 DAVID SKILTON CEO 40.00 X 221786 0 75370 SHERRY BELCHER COO 40.00 X 117401 0 19376 GREGORY LINNEBUR FINANCIAL NETWORK REP 40.00 X 135265 0 61811 474452 0 156557 3 0 1 0 ADP TOTAL SOURCE PO BOX 842875 BOSTON MA 022842875 PAYROLL PROCESSING/HR MGMT 574101 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 900516606 DATA PROCESSING 453106 USERSFISERV PO BOX 80123 CITY OF INDUSTRY CA 91716 DATA PROCESSING 320913 WALKER SECURITY LLC 4108 E WINSLOW AVE PHOENIX AZ 850401742 MAINTENANCE 180548 VISA USA PO BOX 60000 SAN FRANCISCO CA 941603583 DEBIT AND CREDIT CARD PROCESSING 177195 7 INTEREST ON LOANS 522100 5992329 5992329 FEES AND CHARGES 522100 1705143 1655142 50001 CHECK PROGRAMS 522100 1091741 1091741 MISC. OPERATING INCOME 522100 636346 572158 64188 9425559 677528 677528 9876677 9384721 491956 491956 491956 10595043 9311370 114189 1169484 334288 395588 2683958 313303 416543 251124 5911 142295 2196497 575278 39180 40747 324254 PROVISION FOR LOAN LOSS 9416363 IMPAIRMENT OF REPOSSESS 1162621 LOAN SERVICING 445860 817038 19560848 10284012 18229000 458111 288922 126804582 135228687 634374 461571 10112340 3341266 6910012 6771074 372900 245300 39940744 26224146 3919291 3867316 189324026 191316016 2272929 4421205 17982 14764 173438045 182252498 175728956 186688467 X 0 0 0 0 13595070 4627549 13595070 4627549 189324026 191316016 -8965805 -1716 0 X 0 0 0 0 1 X 1541776 1541776 4557572 719300 3838272 917330 330332 586998 2619746 1856538 763208 475916 435096 40820 6771074 CERTIFICATE OF DEPOSITS 18165600 C COLLATERALIZED MORTGAGE OBLIGATIONS 1760484 F FEDERAL AGENCY SECURITIES 1795525 F OTHER INVESTMENTS 207506 C CATALYST INVESTMENTS 408377 C LIFE INSURANCE POLICIES 3886654 C 26224146 MEMBER SHARES 182252498 182252498 PART IV, LINE 2B: ESCROW ACCOUNT BALANCES ARE INCLUDED IN OUR DEPOSIT LIABILITIES. THESE ESCROW ACCOUNTS CONTAIN FUNDS DESIGNATED FOR PROPERTY TAXES AND INSURANCE PREMIUMS FOR HOME MORTGAGES. X X 0 1 0 DAVID SKILTON CEO 166384 0 0 0 55402 0 65684 0 11433 0 298903 0 50000 0 GREGORY LINNEBUR FINANCIAL NETWORK REP 36275 0 98845 0 145 0 43073 0 19127 0 197465 0 0 0 PART I, LINE 4B THE FOLLOWING PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: DAVID SKILTON - $50,000 DISBURSEMENT IN 2017. FORM 990, PART 1, LINE 6 THE 11 VOLUNTEERS REPORTED CONSIST OF THE 6 UNCOMPENSATED BOARD OF DIRECTORS AND 5 SUPERVISORY COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE FOR ALTIER CREDIT UNION, A DIVISION OF AMERICA FIRST CREDIT UNION, AND THE VP OF ACCOUNTING FOR AMERICA FIRST CREDIT UNION, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS MONITORED BY EXTERNAL AUDITORS AND EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES SALARY GRADES THAT ARE BASED ON COMPENSATION SURVEYS IN ITS INDUSTRY. THE BOARD OF DIRECTORS APPROVE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CU'S ADMINISTRATIVE OFFICE LOBBY EVERY MONTH AFTER THE BOARD MEETING. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTS TO SEE THEM. THE MEMBER MAY REQUEST THESE DOCUMENTS AT THE CU'S ADMINISTRATIVE OFFICES AND DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).