2016-05-12T16:44:02-05:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1650 S PRIEST DRIVE TEMPE AZ 85281 DAVID SKILTON PRESIDENT/CFO 6027973000 2016-05-10 1 GERALD B KISSELL P00092658 6123324300 2015 2016-09-27 15:27:22Z HARRY MATEER JR 1650 S PRIEST DRIVE TEMPE AZ 85281 16594537 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 7 7 80 12 94319 -11199 0 0 8680133 9034700 572518 852910 0 0 9252651 9887610 0 0 195021 240383 4370358 4276349 0 0 0 4404530 4939021 8969909 9455753 282742 431857 177783585 184992884 164608494 170610988 13175091 14381896 FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 CONSUMER LENDING - ALTIER CREDIT UNION PROVIDES CONSUMER LOANS FOR AUTOMOBILES AND CREDIT CARDS, AS WELL AS PROVIDING HOME EQUITY LINES OF CREDIT AND OTHER UNSECURED LINES OF CREDIT. DURING 2015, THE CREDIT UNION FUNDED 6,545 NEW LOANS AND DISBURSED $65,287,476 IN NEW LOAN BALANCES. CONSUMER DEPOSITS - ALTIER CREDIT UNION PROVIDES DEPOSIT SERVICES IN THE FORM OF SAVINGS, CHECKING, MONEY MARKET, AND CERTIFICATE OF DEPOSIT ACCOUNTS. AT THE CLOSE OF 2015, THE CREDIT UNION HAD 37,790 DEPOSIT ACCOUNTS AND $161,931,756 IN DEPOSIT BALANCES. OTHER CONSUMER PRODUCTS - ALTIER CREDIT UNION OFFERS DEBT CANCELLATION INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, EXTENDED VEHICLE WARRANTIES, AND ID THEFT MONITORING. 0 0 0 0 0 0 0 1 0 1 1 0 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 4610 0 1 80 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X HARRY MATEER JR 6027973000 1650 SOUTH PRIEST DRIVE TEMPE AZ 85281 KATHY DANIELSON CHAIR 1.00 X X 0 0 0 ROSE PFISTER VICE CHAIR 1.00 X X 0 0 0 BRENDAN O'CONNOR TREASURER 1.00 X X 0 0 0 YVONNE REININK SECRETARY 1.00 X X 0 0 0 CASEY WAMSLEY DIRECTOR 1.00 X 0 0 0 GEORGE NJOCK DIRECTOR 1.00 X 0 0 0 JOSEPH NOWACZYK DIRECTOR 1.00 X 0 0 0 HARRY M MATEER JR CEO 40.00 X 219192 0 203620 DAVID SKILTON PRESIDENT/CFO 40.00 X 149260 0 43427 GREGORY LINNEBUR FINANCIAL NETWORK REP 40.00 X 158945 0 58922 527397 0 305969 3 0 1 0 ADP PO BOX 842875 BOSTON MA 02284 PAYROLL PROCESSING/HR MGMT 574844 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 90051 DATA PROCESSING 398872 USERSFISERV PO BOX 80123 CITY OF INDUSTRY CA 91716 DATA PROCESSING 346922 BANCVUE PO BOX 527 LUBBOCK TX 79408 DATA PROCESSING 128751 4 INTEREST ON LOANS 522100 5680107 5680107 NSF/OD INCOME 522100 1349595 1349595 CHECK PROGRAMS 522100 960604 960604 MISC. OPERATING INCOME 522100 644381 589782 54599 FEES AND CHARGES 522100 400013 360293 39720 9034700 496991 496991 7062846 6706927 355919 355919 355919 9887610 8940381 94319 852910 240383 621015 2908984 48750 433375 264225 2517 196369 2299625 464328 105447 20937 368593 PROVISION FOR LOAN LOSS 596791 LOAN SERVICING 317413 567001 9455753 105370 1721423 651224 817064 129727113 127495512 1943752 655182 9367107 2547352 7031134 6819755 308400 566800 35625366 43859984 2391226 3057164 177783585 184992884 2194423 3992945 30363 26632 162383708 166591411 164608494 170610988 X 0 0 0 0 13175091 14381896 13175091 14381896 177783585 184992884 431857 774948 0 X 0 1 X 1 0 0 1 X 1541776 1541776 4488138 470410 4017728 638507 261769 376738 2698686 1815173 883513 6819755 FIRSTCORP INVESTMENTS 247328 F CERTIFICATE OF DEPOSITS 20149600 F COLLATERALIZED MORTGAGE OBLIGATIONS 2963482 F FEDERAL AGENCY SECURITIES 3358027 F FEDERAL RESERVE BANK 10914738 F OTHER INVESTMENTS 616219 F CATALYST INVESTMENTS 1937215 F LIFE INSURANCE POLICIES 3673375 F 43859984 MEMBER SHARES 166591411 166591411 X 9887610 0 9887610 0 9887610 9455753 0 9455753 0 9455753 PART IV, LINE 2B: ESCROW ACCOUNT BALANCES ARE INCLUDED IN OUR DEPOSIT LIABILITIES. THESE ESCROW ACCOUNTS CONTAIN FUNDS DESIGNATED FOR PROPERTY TAXES AND INSURANCE PREMIUMS FOR HOME MORTGAGES. PART X, LINE 2: THE CREDIT UNION HAS FILED UBIT RETURNS (990-T) IN THE PAST, WHICH HAS RESULTED IN $50 OF INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014. THE CREDIT UNION'S 2012 THROUGH 2015 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2015 AND 2014. X X 0 1 0 HARRY M MATEER JR CEO 178170 0 28437 0 12585 0 184933 0 23814 0 427939 0 0 0 DAVID SKILTON PRESIDENT/CFO 141071 0 7525 0 664 0 33825 0 9992 0 193077 0 0 0 GREGORY LINNEBUR FINANCIAL NETWORK REP 18720 0 140145 0 80 0 35474 0 23688 0 218107 0 0 0 PART I, LINE 4B HARRY M. MATEER, JR., CEO AND DAVID SKILTON, PRESIDENT/CFO PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE DISBURSED IN 2015. FORM 990, PART I, LINE 6 THE 12 VOLUNTEERS REPORTED CONSIST OF THE 7 UNCOMPENSATED BOARD OF DIRECTORS AND 5 SUPERVISORY COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. 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 11 FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER AND CFO, AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS MONITORED BY EXTERNAL AUDITORS AND EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES SALARY GRADES THAT ARE BASED ON COMPENSATION SURVEYS IN ITS INDUSTRY. THE BOARD OF DIRECTORS APPROVE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTS TO SEE THEM. THE MEMBER MAY REQUEST THESE DOCUMENTS AT THE CU'S ADMINISTRATIVE OFFICES AND DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).