2017-10-27T20:04:42-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2016-01-01 866050959 TRUWEST CREDIT UNION TRUW 6026292062 1667 N PRIEST DRIVE TEMPE AZ 85281 MICHAEL WARD SR VP & CFO 6026292062 2017-10-24 1 ANNE B DAVISON P00944246 6022662248 67.137.57.251 2017-10-24 13:22:43 US P E9F310E552A983DEE0D16D26B85D24D51800DFDA 4A3BE0F8FC7006E23FDCF21200B9E516042F541F 2016 2021-01-29 14:40:06Z MICHAEL WARD 1667 N PRIEST DRIVE TEMPE AZ 85281 58184937 0 X WWW.TRUWEST.ORG X 1952 AZ A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 9 9 298 14 452112 -400170 0 0 44495017 46581965 4018584 4083989 0 0 48513601 50665954 16500 17500 0 1387788 19416445 20239794 0 0 0 25630820 24969469 45063765 46614551 3449836 4051403 927024609 967262442 828657401 866268567 98367208 100993875 A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 0 0 THE CREDIT UNION PROVIDES ITS MEMBER-OWNERS LOW COST FINANCIAL SERVICES INCLUDING FINANCIAL PLANNING. 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19790 0 1 298 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X MICHAEL WARD 6026292063 1667 N PRIEST DRIVE TEMPE AZ 85281 THOMAS CUMMISKEY CHAIRMAN 20.00 X 3450 0 0 JEFF HOMER DIRECTOR 4.00 X 2250 0 0 JEFFREY MYERS SECRETARY 4.00 X 1800 0 0 DAVID PRECHTEL VICE CHAIRMAN 4.00 X 2250 0 0 TIM NIESZ DIRECTOR 4.00 X 1200 0 0 MIKE MOULTON DIRECTOR 4.00 X 1800 0 0 SCOTT JOHS TREASURER 6.00 X 3000 0 0 RICK O'CONNOR DIRECTOR 4.00 X 2625 0 0 MIKE VASKO DIRECTOR 4.00 X 2175 0 0 ALAN ALTHOUSE PRESIDENT & CEO 40.00 X 317635 0 135245 GARY BERNARD EVP CHIEF OPERATIONS OFFIC 40.00 X 238272 0 157566 FRED FARBOD SVP CHIEF LENDING OFFICER 40.00 X 211402 0 118623 CHRIS KEARNEY SVP CHIEF INFORMATION OFFI 40.00 X 198803 0 66066 JEFF PEABODY SVP CHIEF MARKETING OFFICE 40.00 X 188188 0 64049 BRAD TANBERG SR. VP OF FINANCE 40.00 X 138496 0 17583 BRENT CATTANI FINANCIAL ADVISOR II 40.00 X 206996 0 29061 DARREN KENNON FINANCIAL ADVISOR II 40.00 X 174749 0 30085 KATHERINE SCIASCIA MORTGAGE LOAN ORIGINATOR 40.00 X 307571 0 33171 JESUS PEREZ MORTGAGE LOAN ORIGINATOR 40.00 X 219420 0 25279 EDWARD M PORTNOFF MORTGAGE LOAN OFFICER 40.00 X 265948 0 21410 DAN DESMOND FORMER CHIEF EXECUTIVE 40.00 X 509549 0 8875 2997579 0 707013 12 1 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 22716 CREDIT AND DEBIT CARD SERVICES 2754838 DBSI INCORPORATED 6950 W MORELOS PL CHANDLER AZ 85226 CONSTRUCTION-BRANCH BUILDOUT AND REMODEL 1220817 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 MEMBER STATEMENT AND NOTICES 565659 MRY LLC 7719 W ACOMA DR PEORIA AZ 85381 CREATIVE MARKETING GRAPHIC DESIGN 531960 FISERV 255 FISERV DR BROOKFIELD WI 53045 CORE PROCESSING SYSTEM 483723 5 PROG.SERV.REVENUE-RELATED-990 522100 46129853 46129853 UNRELATED BUSINESS INCOME 522100 452112 452112 46581965 3193447 3193447 7298702 1110823 6381249 1137734 917453 -26911 890542 890542 50665954 46129853 452112 4083989 X 17500 1387788 3716872 12554354 795653 2093324 1079591 399627 62282 5633460 1667883 2800892 79427 254819 894388 OPERATIONS 9411610 PROVISION FOR LOAN LOSS 2884684 OTHER EXPENSES 880397 46614551 7478990 8936791 41277088 20076791 783114899 849724598 36965934 15556276 21797345 21409658 42794890 31633407 30561397 35481197 927024609 967262442 11787357 15296279 816870044 850972288 828657401 866268567 X 0 0 0 0 98367208 100993875 98367208 100993875 927024609 967262442 4051403 -1424736 0 X X 0 1 X 1 0 10200730 10200730 12298059 4954230 7343829 14246273 10602046 3644227 220872 220872 21409658 MEMBER DEPOSIT ACCOUNTS 850972288 850972288 X 50665954 0 50665954 0 50665954 46614551 0 46614551 0 46614551 PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2016 AND 2015. 1 SCHOLARSHIP 7 17500 PART I, LINE 2: THE CHECKS ARE ISSUED DIRECTLY TO THE INDIVIDUAL'S SCHOOL IN THE UNITED STATES. X X X X X 0 1 0 ALAN ALTHOUSE PRESIDENT & CEO 275438 0 36800 0 5397 0 123218 0 12027 0 452880 0 0 0 GARY BERNARD EVP CHIEF OPERATIONS OFFIC 209472 0 28800 0 0 0 140295 0 17271 0 395838 0 0 0 FRED FARBOD SVP CHIEF LENDING OFFICER 185602 0 25800 0 0 0 101352 0 17271 0 330025 0 0 0 CHRIS KEARNEY SVP CHIEF INFORMATION OFFI 174603 0 24200 0 0 0 48795 0 17271 0 264869 0 0 0 JEFF PEABODY SVP CHIEF MARKETING OFFICE 164688 0 23500 0 0 0 52022 0 12027 0 252237 0 0 0 BRAD TANBERG SR. VP OF FINANCE 136161 0 2335 0 0 0 6406 0 11177 0 156079 0 0 0 BRENT CATTANI FINANCIAL ADVISOR II 206411 0 585 0 0 0 11790 0 17271 0 236057 0 0 0 DARREN KENNON FINANCIAL ADVISOR II 174299 0 450 0 0 0 12814 0 17271 0 204834 0 0 0 KATHERINE SCIASCIA MORTGAGE LOAN ORIGINATOR 302947 0 4624 0 0 0 15900 0 17271 0 340742 0 0 0 JESUS PEREZ MORTGAGE LOAN ORIGINATOR 215325 0 4095 0 0 0 13399 0 11880 0 244699 0 0 0 EDWARD M PORTNOFF MORTGAGE LOAN OFFICER 261556 0 4392 0 0 0 15899 0 5511 0 287358 0 0 0 DAN DESMOND FORMER CHIEF EXECUTIVE 35556 0 55300 0 418693 0 7950 0 925 0 518424 0 393500 0 PART I, LINE 3 DANIEL DESMOND - DISTRIBUTION FROM 457(F) $393,500 ALAN ALTHOUSE - CONTRIBUTION TO 457(F) $104,668 GARY BERNARD - CONTRIBUTION TO 457(F) $120,507 FRED FARBOD - CONTRIBUTION TO 457(F) $85,967 JEFF PEABODY - CONTRIBUTION TO 457(F) $40,392 CHRIS KEARNEY - CONTRIBUTION TO 457(F) $48,795 FORM 990, PART VI, SECTION A, LINE 6 AS A FINANCIAL INSTITUTION CHARTERED ORIGINALLY UNDER THE FEDERAL CREDIT UNION ACT AND STATE LAW, THE ORGANIZATION DOES HAVE MEMBERS/OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE GOVERNING BODY OF THE INSTITUTION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS SUCH AS MERGERS AND CONVERSIONS TO A DIFFERENT CHARTER TYPE REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CEO AND/OR THE CFO PRESENT THE FORM TO THE EXECUTIVE COMMITTEE DURING A REGULARLY SCHEDULED MEETING. THE EXECUTIVE COMMITTEE REVIEWS THE FORM PRESENTED BY THE OFFICERS AND FORMALLY MAKES A MOTION TO APPROVE THE FORM BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C REGULARLY MONITOR AND REVIEW ACTIVITY OF THE ENTITY FOR POTENTIAL CONFLICTS. FOR EXAMPLE, ALL LOANS TO MEMBERS OF THE BOARD OF DIRECTORS ARE UNDERWRITTEN BY STAFF USING STANDARD UNDERWRITING GUIDELINES FOR ALL MEMBERS, WITH THE SAME RATES AND TERMS AVAILABLE TO ALL MEMBERS, AND THEN REPORTED TO AND RATIFIED BY THE FULL BOARD OF DIRECTORS. BOARD MEMBERS ALSO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 TRUWEST PERIODICALLY EVALUATES/RE-EVALUATE POSITIONS WITH HRN MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT ALL THE BRANCH LOCATIONS, AUDITED FINANCIALS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CREDIT REPORTS 536,180. HOME EQUITY EXPENSE 285,988. LOAN EXPENSE - OTHER 44,147. LOAN EXPENSE - 1ST MORTGAGE PROCESSING 511,238. MORTGAGE SALES EXPENSE 42,640. DEALER SALES EXPENSE 45,324. LOAN EXPENSE - EFT PHONE PAY 215,567. STUDENT LOAN EXPENSE 777. BUSINESS LOAN EXPENSE 47,791. BUSINESS DEVELOPMENT 2,990. VISA TRUREWARDS-BUSINESS PLATINUM POINTS 6,575. VISA SIGNATURE TRUEREWARDS 927,546. VISA PLATINUM TRUEREWARDS 162,926. DEBIT CARD EXPENSE 1,156,080. VISA SIGNATURE PROCESSING 936,078. VISA GOLD PROCESSING FEES 7,872. VISA PLATINUM PROCESSING FEES 430,557. VISA BUSINESS PROCESSING FEES 10,463. SMALL BALANCE WRITE OFF -25. PLASTIC CARD FRAUD EXPENSE 250,155. MASTER CARD DEBIT FRAUD LOSSES 12,591. FORM 990, PAGE 12, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR THE AUDITED FINANCIAL STATEMENTS.