2016-11-08T17:45:18-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2015-01-01 860100904 FIRST CREDIT UNION FIRS 4807564866 25 SOUTH ARIZONA PLACE SUITE 111 CHANDLER AZ 85225 JAY CURTIS PRESIDENT/CEO 4807564866 2016-10-27 1 JANIS K ISAACSON CPA P00089104 6022662248 2015 2017-02-10 21:41:12Z JAY CURTIS 25 SOUTH ARIZONA PLACE SUITE 111 CHANDLER AZ 85225 31249590 0 X N/A X 1929 AZ FIRST CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. 7 6 187 9 386472 -141387 0 0 19014468 20122524 2394245 1998656 0 0 21408713 22121180 0 0 0 0 9181378 9126052 0 0 0 10062835 11473690 19244213 20599742 2164500 1521438 410037025 427865643 387801166 404786964 22235859 23078679 FIRST CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. 0 0 FIRST CREDIT UNION IS A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 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 4754 0 1 187 1 1 1 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 1 1 1 0 1 1 1 1 0 AZ X FIRST CREDIT UNION 4807564866 25 SOUTH ARIZONA PLACE SUITE 111 CHANDLER AZ 85225 JAY CURTIS PRESIDENT/ CEO 40.00 X X 373403 0 121154 JOSE CARRERA BOARD CHAIR 1.00 X 0 0 0 KENNETH MULLINS BOARD SECRETARY 1.00 X 0 0 0 CARYN HORVITZ-STRAUS BOARD TREASURER 1.00 X 0 0 0 CHARLES HULTSTRAND BOARD VICE-CHAIR 1.00 X 0 0 0 BEN TAN BOARD MEMBER 1.00 X 0 0 0 RUSS PUCKETT BOARD MEMBER 1.00 X 0 0 0 DOUGLAS ALLDREDGE CFO 40.00 X 176415 0 71624 LORI GALLEGOS EVP/COO 40.00 X 214699 0 105865 THOMAS GESSEL CIO 1.00 X 165820 0 26465 DAVID HAVENS CLO 40.00 X 125000 0 22986 SCOT GILBREATH VP/RE LENDING 40.00 X 119645 0 27671 HEIDI KIM SVP/OPERATIONS 40.00 X 117452 0 21859 THOMAS WASSON CLO 40.00 X 105256 0 21264 1397690 0 418888 8 0 1 0 DBSI INC 6950 W MORELOS PL CHANDLER AZ 85226 PROPERTY MANAGEMENT SERVICES 1324165 UNITED HEALTH CARE 22561 NETWORK PL CHICAGO IL 60673 EMPLOYEE HEALTH INSURANCE 971787 VELOCITY SOLUTIONS INC PO BOX 460939 FORT LAUDERDALE FL 33346 PROMOTIONAL PROGRAM RELATED SERVICES 359331 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 COMPUTER SYSTEMS AND SOFTWARE - MAINTENA 281355 TOLIN MECHANICAL PO BOX 732293 DALLAS TX 75373 MECHANICAL MAINTENANCE AND SERVICES 134793 8 INTEREST ON LOANS 522100 15280529 15280529 FEE INCOME 522100 4455523 4455523 INSURANCE COMMISSION INCOME 900099 152712 152712 NON-MEMEBER SHARED BRANCHING 900099 116029 116029 COMMISSION-NETWORKED SERVICES 900099 92639 92639 25092 25092 20122524 1796248 1796248 8717461 613357 8717066 411344 395 202013 202408 202408 22121180 21734708 386472 0 1816578 5720432 108509 947487 533046 52695 130707 337332 682772 2232022 1241850 161424 116873 486712 1628120 113932 PROVISION FOR LOAN LOSS 1603145 MISCELLANEOUS EXPENSES 1164267 LOAN SERVICING 953293 OTHER OPERATING EXPENSE 568546 20599742 900180 1247550 43626828 48353983 174870 52421 260210117 276103733 6173693 5661989 36739731 16502546 19727628 20237185 72385729 69448739 6837980 6760043 410037025 427865643 3702286 3658610 384098880 401128354 387801166 404786964 X 0 0 0 0 22235859 23078679 22235859 23078679 410037025 427865643 X 1521438 -678618 X X 0 1 X 1 0 3627171 3627171 21474513 8107083 13367430 732646 202567 530079 10905401 8192896 2712505 20237185 FHLB STOCK 2313300 C AFS SECURITIES 51735937 F OTHER INVESTMENTS 15399502 C 69448739 STATUTORY RESERVES 11445168 MEMBERS SHARES AND SAVINGS ACCOUNTS 389683186 401128354 X 1 1 X X X X X 0 1 0 JAY CURTIS PRESIDENT/ CEO 328405 0 35000 0 9998 0 105329 0 15825 0 494557 0 0 0 DOUGLAS ALLDREDGE CFO 151507 0 18058 0 6850 0 55799 0 15825 0 248039 0 0 0 LORI GALLEGOS EVP/COO 180049 0 25000 0 9650 0 90040 0 15825 0 320564 0 0 0 THOMAS GESSEL CIO 131470 0 27500 0 6850 0 16119 0 10346 0 192285 0 0 0 PART I, LINE 4B THE CREDIT UNION MAINTAINS A 457(F) DEFERRRED COMPENSATION PLAN. THE CREDIT UNION MADE THE FOLLOWING CONTRIBUTIONS FOR THE PERIOD ENDED DECEMBER 31, 2015: JAY CURTIS $81,479 DOUGLAS ALLDREDGE $38,499 LORI GALLEGOS $69,112 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A COOPERATIVE. AS SUCH, THE MEMBERS ARE THE OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY (BOARD OF DIRECTORS)IS ELECTED BY THE MEMBERS, WHO CAN CAST ONE VOTE EACH. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CFO AND CEO AND WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 FORMAL REVIEW IS COMPLETED BY ALL BOARD MEMBERS ALONG WITH SELF EVALUATION BY CEO - REVIEW OF INDUSTRY SPECIFIC SALARY SURVEY INFORMATION IS PERFORMED BY BOARD EXECUTIVE COMMITTEE WITH COMPENSATION DECISION DOCUMENTED FOR CEO FILE AND PRESENTED TO FULL BOARD. FORMAL REVIEW IS COMPLETED BY CEO - REVIEW OF INDUSTRY SPECIFIC SALARY SURVEY INFORMATION IS PERFORMED BY CEO WITH DECISION DOCUMENTED IN EMPLOYEE FILE AND PAYROLL SYSTEM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED IN EACH BRANCH. FORM 990, PART XI, LINE 9: CHANGE IN ACCUMULATED UNREALIZED GAIN/LOSS AFS SECURITIES -23,498. CHANGE IN UNREALIZED PENSION PLAN GAIN/LOSS -655,120. FORM 990, PART XII, LINE 2C THE SELECTION AND REVIEW PROCESS OF THE OVERSIGHT COMMITTEE HAS NOT CHANGED.