2018-07-16T19:01:33-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 880132649 WESTSTAR CREDIT UNION WEST 7027914777 PO BOX 94138 LAS VEGAS NV 891934138 RICK SCHMIDT PRESIDENT/CEO 7027914777 2018-06-28 1 MARY C GREEN P00447183 6022662248 2017 2022-09-23 18:48:47Z RICK SCHMIDT PO BOX 94138 LAS VEGAS NV 891934138 13668821 0 X WWWW.WESTSTAR.ORG X CREDIT UNION 1975 NV A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 103 7 83738 -259478 0 0 4733349 4500386 5201045 5691148 0 0 9934394 10191534 0 0 119549 143620 4200135 4464868 0 0 0 4486263 4759483 8805947 9367971 1128447 823563 157657139 166569836 138060318 146178254 19596821 20391582 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, WESTSTAR CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 WESTSTAR CREDIT UNION PROVIDES VARIOUS LOAN PRODUCTS INCLUDING RESIDENTIAL MORTGAGES, AUTO LOANS, CREDIT CARDS, AND OTHER CONSUMER LOANS. WESTSTAR CREDIT UNION PROVIDES A VARIETY OF CHECKING AND SAVINGS ACCOUNTS TO MEET ITS MEMBERS' NEEDS. WESTSTAR CREDIT UNION PROVIDES MEMBERS FREE ACCESS TO THEIR ACCOUNT INFORMATION VIA THE INTERNET AND MOBILE DEVICES. THE CREDIT UNION ALSO PROVIDES AN EXTENSIVE ATM NETWORK WITH OVER 28,000 SURCHARGE FREE ATMS VIA A CO-OP NETWORK. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 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 1702 0 1 103 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X RICK SCHMIDT 7027914777 2775 S RAINBOW BLVD LAS VEGAS NV 89146 CRAIG HAWKINS VICE CHAIRMAN 3.00 X 0 0 0 KEVIN ORROCK DIRECTOR 3.00 X 0 0 0 DOUG MICHAEL CHAIRMAN 3.00 X 0 0 0 JEFF PERO SECRETARY 3.00 X 0 0 0 CURTIS CHING TREASURER 3.00 X 0 0 0 MERV GUPTON AUDIT CHAIR 3.00 X 0 0 0 JOAN SCRIVNER AUDIT MEMBER 3.00 X 0 0 0 RICK SCHMIDT PRESIDENT/CEO 40.00 X 256470 0 38969 DION KOOP SVP/ CFO 40.00 X 158541 0 19310 LORRAINE VALLONE VP HR 40.00 X 106124 0 9604 521135 0 67883 3 0 1 0 CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/DEBIT CARD SERVICING 502106 DIEBOLD PO BOX 944399 PITTSBURGH PA 15264 ATM MACHINE SERVICER 282670 CO-OP - TMG 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 CREDIT CARD SERVICING 174113 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 STATEMENTS/NOTICES 142753 FISERVASI PO BOX 80123 CITY OF INDUSTRY CA 91716 ONLINE BANKING 130586 6 FEES AND CHARGES 522100 4079933 4079933 OTHER NON-INTEREST INCOME 522100 336715 336715 NONMEMBER ATM FEES 522100 83738 83738 4500386 5676407 5676407 2672417 819611 2676088 801199 -3671 18412 14741 14741 10191534 4431389 83738 5676407 143620 589018 3875850 69240 48054 49450 265003 716743 OPERATIONS 2510950 PROVISIONS FOR LOAN LOS 415700 OTHER EXPENSES 273775 LOAN SERVICING 223516 187052 9367971 3958274 3438703 15210586 14761599 96274120 107423214 213468 289392 12649712 7831753 4821976 4817959 16644570 17222599 17492139 15550312 3042006 3066058 157657139 166569836 1661598 1586752 136398714 144591502 138060318 146178254 X 0 0 0 0 19596821 20391582 19596821 20391582 157657139 166569836 X 823563 -32473 3671 X X 0 1 X 1 0 1100 PART I-A, LINE 1: LAS VEGAS METRO CHAMBER OF COMMERCE ANNUAL DUES, PORTION OF WHICH IS CONSIDERED NON TAX DEDUCTIBLE BECAUSE IT RELATES TO LOBBYING AND ASSISTING PRO-BUSINESS POLICY MAKERS. 853629 853629 5419775 2255810 3163965 978240 760570 217670 5398068 4815373 582695 4817959 DEPOSITS IN OTHER FINANCIAL INSTITUTIONS 13944000 C OTHER INVESTMENTS 1606312 F 15550312 ACCRUED LIABILITIES 549082 MEMBERS SHARE AND SAVINGS ACCOUNTS 144042420 144591502 X 10191534 0 10191534 0 10191534 9367971 0 9367971 0 9367971 PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. 1 X X 0 1 0 RICK SCHMIDT PRESIDENT/CEO 225470 0 25000 0 6000 0 31232 0 7737 0 295439 0 0 0 DION KOOP SVP/ CFO 142688 0 15853 0 0 0 11773 0 7537 0 177851 0 0 0 PART I, LINE 4B SERP: RICK SCHMIDT $25,000 SERP: DION KOOP $7,500 FORM 990, PART VI, SECTION A, LINE 6 WESTSTAR CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. WESTSTAR CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF WESTSTAR CREDIT UNION IS COMPRISED OF 8 VOLUNTEER MEMBERS; 5 BOARD MEMBERS WHO ARE ELECTED BY MEMBERS AND 3 AUDIT COMMITTEE MEMBERS ARE APPOINTED BY THE BOARD. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B DATA SUBMITTED TO ACCOUNTING FIRM FOR TAX RETURN PREPARATION; FORM 990 REVIEWED BY MANAGEMENT AND THE BOARD FORM 990, PART VI, SECTION B, LINE 12C ALL POLICIES ARE REVIEWED BY MANAGEMENT AND APPROVED BY THE BOARD ANNUALLY AND DISTRIBUTED TO ALL EMPLOYEES ELECTRONICALLY WITH REQUEST FOR READ RECEIPT. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK ALL CONFLICTS OF INTEREST SITUATIONS MUST BE DISCLOSED FORM 990, PART VI, SECTION B, LINE 15 IN NORMAL CIRCUMSTANCES COMPENSATION OF EMPLOYEES (INCLUDING CEO) IS REVIEWED BY VP HR AND COMPARED WITH THIRD PARTY DATA RELATED TO INDUSTRY AND REGINONAL COMP. CEO COMPENSATION DETERMINE BY THE INDEPENDENT BOARD. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: RECLASSIFICATION FOR GAINS ON SALES OF INVESTMENTS INCLUDED IN NET INCOME 3,671. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OVERSEES THE AUDITED FINANCIAL STATEMENTS.