2017-11-03T12:06:44-05:00 2016-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2016-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 SCOTT ODOM CFO 5202987882 2017-11-03 1 DOUGLAS J ORTH P01076394 3052328272 40.141.134.7 2017-11-03 12:57:58 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 062293E64DF58CF8D35332F263D6456F83B37FCF 2016 2018-03-14 21:41:22Z ROBERT D RAMIREZ 2480 N ARCADIA AVE TUCSON AZ 85712 183781675 0 2111 X WWW.VWESTCU.ORG X 1955 AZ WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 7 7 557 14 414136 0 0 0 84775235 90592401 1513765 4502194 1252381 1345049 87541381 96439644 0 77500 0 0 30969799 31584824 0 0 0 44257510 51208634 75227309 82870958 12314072 13568686 1583734298 1678708857 1400618817 1481991536 183115481 196717321 X WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25080 0 1 557 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 AZ X SCOTT ODOM 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 CHARLES MATTHEWSON DIRECTOR 9.00 X 19215 0 0 MITCHELL PISIK DIRECTOR 9.00 X 1638 0 0 GLORIA GONZALEZ DIRECTOR 9.00 X 0 0 0 GARY SMITH DIRECTOR 9.00 X 2970 0 0 EUGENE SANTARELLI DIRECTOR 9.00 X 2085 0 0 ANA ARCHER DIRECTOR 9.00 X 2881 0 0 GREGORY GOOD DIRECTOR 9.00 X 732 0 0 JOHN DRISKILL DIRECTOR 9.00 X 3218 0 0 PAUL MELENDEZ DIRECTOR 9.00 X 0 0 0 ROBERT RAMIREZ PRESIDENT/CEO 40.00 X 637798 0 30705 SCOTT ODOM CFO 40.00 X 239323 0 67450 RENE ALMAZAN SVP/CHIEF LENDING OFFICER 40.00 X 231653 0 58389 STEVEN MOTT SVP/TECHNOLOGY 40.00 X 231507 0 60835 BRENDA GORDON CHIEF LEGAL OFFICER 40.00 X 219876 0 51488 STEFAN A HARRIS VP, TECHNOLOGY 40.00 X 206335 0 37497 DANIELLE M BRIDGES VP, CONSUMER LENDING 40.00 X 201286 0 40738 2000517 0 347102 29 0 1 0 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 DIGITAL BANKING PROVIDER 2758116 PSCU 560 CARILLON PARKWAY ST PETERSBURGH FL 33716 CARD SERVICES/BILL PAY PROVIDER 2358482 BFL CONSTRUCTION COMPANY INC 700 E BROADWAY BLVD STE 200 TUSCON AZ 85719 CONSTRUCTION COMPANY FOR CORPORATE EXPAN 2302910 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 INTEGRATED IT PROVIDER 1169174 FIDELITY NATIONAL INFORMATION SERVICES PO BOX 31065 TAMPA FL 33631 CREDIT/DEBIT REWARDS PROGRAM 976471 65 INTEREST ON MEMBER LOANS 522100 71038739 71038739 OTHER NON-INTEREST INCOME 522100 10096162 10096162 FEES AND CHARGES 522100 9043364 9043364 UNRELATED BUSINESS INCOME 523000 388590 388590 UNRELATED BUSINESS INCOME 524298 25546 25546 90592401 3190156 3190156 431246 321887 109359 109359 109359 88332182 87020144 1312038 1312038 1312038 MISCELLANEOUS INCOME 522100 1235690 1235690 1235690 96439644 96025508 414136 0 77500 1010206 24789926 1226597 2778004 1780091 216975 167675 710972 3307686 4974782 78209 1596602 71202 677159 9341362 198785 3396605 281008 PROVISION FOR LOAN LOSS 15618000 HOME BANKING 2877562 LOAN SERVICING 2842193 DEBIT CARD 2794262 2057595 82870958 12956766 13451847 50403227 60600145 4950602 390861 1402106383 1496457867 3323827 3544535 60473764 32963560 26963617 27510204 17698589 5112196 34142185 33600726 2322746 2007743 28866356 36032733 1583734298 1678708857 19474763 23758784 1381144054 1458232752 1400618817 1481991536 X 0 0 0 0 183115481 196717321 183115481 196717321 1583734298 1678708857 13568686 33154 0 X X 0 1 X 1 0 7807676 7807676 23331850 8879834 14452016 596229 535011 61218 28063941 23106113 4957828 674068 442602 231466 27510204 SHARE DRAFT ACCOUNTS 242112375 REGULAR SHARE ACCOUNTS 173223622 PREMIUM SHARE ACCOUNTS 605449198 ESCROW ACCOUNTS 1779258 IRA SHARE ACCOUNTS 195110938 SHARE AND IRA CERTIFICATES 240257361 NON MEMBER CD 300000 1458232752 X 96786574 346930 346930 96439644 0 96439644 83217888 346930 346930 82870958 0 82870958 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE INTERNAL REVENUE SERVICE (IRS) HAS RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET LOSSES ON SALES OF OREO AND FIXED ASSETS CLASSIFIED AS EXPENSE WITHIN THE AUDITED FINANCIALS BUT INCLUDED IN LINE 7C IN PART VIII RENT EXPENSE CLASSIFIED AS REDUCTION OF RENTAL REVENUE IN PART VIII PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSSES ON SALES OF OREO AND FIXED ASSETS CLASSIFIED AS EXPENSE WITHIN THE AUDITED FINANCIALS BUT INCLUDED IN LINE 7C IN PART VIII RENT EXPENSE CLASSIFIED AS REDUCTION OF RENTAL REVENUE IN PART VIII 1 JAZZ IN JANUARY 473171603 501(C)(3) 5000 CHARITABLE CONTRIBUTION DM 50 860625838 501(C)(3) 7500 CHARITABLE CONTRIBUTION CARE FUND 800563472 501(C)(3) 10000 CHARITABLE CONTRIBUTION UNITED WAY OF TUCSON AND SOUTHERN ARIZONA 860098932 501(C)(3) 20000 CHARITABLE CONTRIBUTION LA FRONTERA 860215009 501(C)(3) 5000 CHARITABLE CONTRIBUTION AMERICAN HEART ASSOCIATION 135613797 501(C)(3) 5000 CHARITABLE CONTRIBUTION ARIZONA BOWL 812656218 501(C)(3) 25000 CHARITABLE CONTRIBUTION 7 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. SOME DONATIONS ARE EVENT SPONSORSHIP BASED. X 1 1 X X X X 0 1 0 ROBERT RAMIREZ PRESIDENT/CEO 530285 0 75400 0 32113 0 18550 0 12155 0 668503 0 0 0 SCOTT ODOM CFO 212353 0 24607 0 2363 0 55295 0 12155 0 306773 0 0 0 RENE ALMAZAN SVP/CHIEF LENDING OFFICER 201217 0 26576 0 3860 0 49264 0 9125 0 290042 0 0 0 STEVEN MOTT SVP/TECHNOLOGY 200154 0 28775 0 2578 0 49055 0 11780 0 292342 0 0 0 BRENDA GORDON CHIEF LEGAL OFFICER 193356 0 24952 0 1568 0 46929 0 4559 0 271364 0 0 0 STEFAN A HARRIS VP, TECHNOLOGY 129445 0 74843 0 2047 0 25342 0 12155 0 243832 0 0 0 DANIELLE M BRIDGES VP, CONSUMER LENDING 119773 0 79556 0 1957 0 28583 0 12155 0 242024 0 0 0 PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED EXECUTIVE PLAN (AMOUNTS REPRESENT CONTRIBUTIONS TO THE PLAN DURING 2016: R. RAMIREZ $0; S. ODOM $39,336; R. ALMAZAN $33,313; B. GORDON $31,373; S. MOTT 32,983; S. HARRIS $15,232; D. BRIDGES $18,939. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT EACH MEMBER OF THE BOARD OF DIRECTORS. 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 THE AVP OF FINANCE IS RESPONSIBLE FOR THE PREPERATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNION'S CFO, THEN PROVIDED TO THE CEO AND THE BOARD OF DIRECTORS FOR REVIEW. ONCE THE REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED IN TWO WAYS - 1) UPON HIRING, EMPLOYEES ARE REQUIRED TO READ AND CERTIFY THEIR ACCEPTANCE OF THE POLICY, AND 2) A REPORTING TOOL PROVIDED BY A THIRD PARTY IS AVAILABLE FOR EMPLOYEES TO ANONYMOUSLY REPORT ANY ETHICAL VIOLATIONS OF WHICH THEY ARE AWARE. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEO'S COMPENSATION. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.