2017-05-09T11:26:01-07:00 2016-12-31 990 2016-01-01 840417233 SunWest Educational Credit Union SUNW 7195610804 4141 Sovereign Circle Pueblo CO 81005 Amy Galassini Vice President 7195610804 2017-05-09 50.243.158.41 2016 2021-01-29 14:40:06Z Janice Mehle 4141 Sovereign Circle Pueblo CO 81005 5202363 0 X www.sunwestecu.com X 1935 CO SunWest will provide superior services and offer the best possible return to its current and new members. 7 7 35 12 92056 -4021 0 0 4451239 4618385 342182 439156 48668 48668 4842089 5106209 0 0 0 0 1881821 1752157 0 0 0 2510482 2569382 4392303 4321539 449786 784670 115756970 121284193 105294889 110037548 10462081 11246645 SunWest Credit Union will offer a comprehensive range of superior financial services, build and retain sufficient capital to promote growth and offer the best possible return to its members, proactively build membership participation, and add value to our community through active participation. 0 0 3562551 4618385 Assist members in defining and achieving their financial goals by offering a comprehensive range of superior financial services, while maintaining sufficient capital to promote growth and provide excellent service and the best possible return to the members. 0 0 0 3562551 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2491 0 1 35 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SunWest Educational Credit Union 7195610804 4141 Sovereign Circle Pueblo CO 81005 Frank Zerfas Board Chairperson 5 X 0 0 0 Gloria Santistevan-Feeback Board Vice-Chairperson 3 X 136 0 0 Fred Ingo Board Secretary 3 X 960 0 0 William Trevithick Board Treasurer 3 X 1125 0 0 Warren Curtis Board Member 3 X 957 0 0 David Niccoli Board Member 3 X 1052 0 0 Jack Pecoraro Board Member 3 X 1080 0 0 Janice Mehle Sr Vice President/President/CEO 45 X 109680 0 14024 John Coleman Vice President 45 X 77690 0 12291 Amy Galassini Vice President 45 X 77591 0 12321 Leslie Shepard Vice President 45 X 75778 0 4142 Michael Shoaf Director of Lending 45 X 2641 0 0 Lynn Sutton President/CEO 45 X 115800 0 5653 464490 0 48431 2 0 0 0 FIS 601 Riverside Avenue Jacksonville FL 32204 Card Services 196174 Jack Henry and Associates Inc 663 W Highway 60 Monett MO 65708 Information Systems 163298 2 0 Interest Income/Loans 522130 3370185 3370185 0 0 Other Fee Income 522130 604826 601409 3417 0 Share Draft Fees 522130 295528 295528 0 0 Loan Fees 522130 269108 259207 9901 0 Non-Member ATM/Shared Branch 522130 78738 0 78738 0 0 0 0 0 4618385 408378 0 0 408378 0 0 0 0 0 0 0 0 50600 0 1932 0 48668 0 48668 0 0 48668 0 125000 0 94222 0 30778 30778 0 0 30778 0 5106209 4526329 92056 487824 X 0 0 0 0 531257 0 932803 22924 202610 62563 0 23956 21440 0 0 5675 0 311259 313154 211410 0 176544 30432 0 20870 0 0 163857 30675 Share Draft, Visa, and ATM Expenses 634463 Provision for Loan Loss Expense 239627 Dividend and Interest Expense 202431 Loan and Collection Expense 93116 90473 4321539 0 0 0 1570146 1289770 43756348 44856462 0 169681 63330477 67795870 181517 243894 6790445 3555106 3399575 3235339 1123055 817401 1160190 1586049 1235662 1289727 115756970 121284193 550019 621407 176265 104744870 109239876 105294889 110037548 X 0 0 0 0 10462081 11246645 10462081 11246645 115756970 121284193 784670 -106 0 0 0 0 X X 0 0 0 0 1 X 0 1055787 1055787 0 3138368 1218457 1919911 0 0 0 0 0 2295826 2074497 221329 0 300464 262152 38312 3235339 Member Share Accounts 31305295 Other Member Deposits 77591018 Clearing Accounts 343563 109239876 Schedule D, Part IV, Line 2b Funds are held in escrow for insurance and property taxes on mortgage loans. Form 990, Part IV, Line 12a The Credit Union has engaged an audit firm to conduct an agreed-upon procedures engagement for the period of July 1, 2016 through June 30, 2017. The engagement will meet at least the minimum requirements established by Part 715 of the NCUA Rules and Regulations. Form 990, Part VI, Section A, Line 6 Member-Owned, Not-for-Profit financial institution - State-Chartered Credit Union - 11,198 Members Form 990, Part VI, Section A, Line 7a An annual election is held for membership to elect the members of the Board of Directors. Any member in good standing over 18 years of age may run for an open position on the Board that is vacated due to an expiring term or other circumstance which may create a vacancy. All members in good standing over 18 years of age are eligible to vote. Each member is entitled to only one vote. Form 990, Part VI, Section B, Line 11b A copy of the completed Form 990 was provided for review to the Board of Directors at a meeting on April 26, 2017. A brief overview was conducted by the VP Finance. The 990 was then voted on and approved for submission by a quorum of the Board of Directors prior to submission. Form 990, Part VI, Section B, Line 12c All employees and volunteers are required to disclose any conflict of interest on an annual basis. Conflicts of interest are determined at an executive/Board level. Actual conflicts of interest are reviewed at an executive/Board level. Annual disclosure statements must be signed by all employees and volunteers. Form 990, Part VI, Section B, Line 15 The Board of Directors determines compensation for the President/CEO. A compensation committee, consisting of members of the Board of Directors and the President/CEO, determines compensation for all other employees based on industry standards. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy and financial statements are available for inspection at the main office of the Credit Union upon request. Form 990, Part IX, Line 10 Payroll taxes reported are for June through December 2016. The Credit Union used a Professional Employer Organization for the first five months of the year. All employees were reported as employees of the PEO, ADP TotalSource, and all payroll taxes for that time period were paid under the EIN of that organization. Form 990, Part XII, Line 2b The Credit Union has engaged an audit firm to conduct an agreed-upon procedures engagement for the period of July 1, 2016 through June 30, 2017. The engagement will meet the minimum requirements as established by Part 715 of the NCUA Rules and Regulations.