2016-08-11T12:05:11-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 2480 N ARCADIA AVE TUCSON AZ 85712 DOUGLAS J ORTH PRESIDENT/CEO 5202987882 2016-08-11 1 DOUGLAS J ORTH P01076394 3052328272 2015 2016-12-15 16:53:06Z ROBERT D RAMIREZ 2480 N ARCADIA AVE TUCSON AZ 85712 87998191 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 7 533 14 388234 0 0 0 79001090 84775235 887179 1513765 1699960 1252381 81588229 87541381 0 0 0 0 30341162 30969799 0 0 0 40124568 44257510 70465730 75227309 11122499 12314072 1416185982 1583734298 1245901187 1400618817 170284795 183115481 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23816 0 1 533 1 1 1 0 0 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 3471 0 0 TELESFORO MARIN DIRECTOR 9.00 X 1870 0 0 LEANOR PETERSON DIRECTOR 9.00 X 1023 0 0 GARY SMITH DIRECTOR 9.00 X 3160 0 0 EUGENE SANTARELLI DIRECTOR 9.00 X 1998 0 0 ANA ARCHER DIRECTOR 9.00 X 1831 0 0 GLORIA GONZALEZ DIRECTOR 9.00 X 2118 0 0 JOHN DRISKILL DIRECTOR 9.00 X 3125 0 0 ROBERT RAMIREZ PRESIDENT/CEO 40.00 X 614529 0 302243 SCOTT ODOM CFO 40.00 X 311998 0 93552 RENE ALMAZAN SVP/CHIEF LENDING OFFICER 40.00 X 380878 0 97052 STEVEN MOTT SVP/TECHNOLOGY 40.00 X 395117 0 81722 DANIEL CLEMENS VP/ENTERPRISE RISK MGMT 40.00 X 262556 0 77262 SANDRA LUEDERS VP/HUMAN RESOURCE & DEVELOPMENT 40.00 X 286019 0 83954 JAMIE HERNANCEZ VP/REGIONAL SALES MANAGER 40.00 X 222716 0 56311 2492409 0 792096 18 0 1 0 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 INTEGRATED IT PROVIDER 3814063 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 DIGITAL BANKING PROVIDER 2292585 PSCU 560 CARILLON PARKWAY ST PETERSBURGH FL 33716 CARD SERVICES/BILL PAY PROVIDER 1667263 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 IT PLATFORM PROVIDER 791048 FISEXTL90 5430 DATA COURT SUITE 100 ANN ARBOR MI 48108 SELF SERVICE TRANSACTION SERVICES 738278 46 INTEREST ON MEMBER LOANS 522100 66749266 66749266 OTHER NON-INTEREST INCOME 522100 9334673 9334673 FEES AND CHARGES 522100 8303062 8303062 UNRELATED BUSINESS INCOME 523000 358598 358598 UNRELATED BUSINESS INCOME 524298 29636 29636 84775235 1582728 1582728 204504 0 204504 204504 204504 387847 456810 -68963 -68963 -68963 MISCELLANEOUS INCOME 522100 1047877 1047877 1047877 87541381 87153147 388234 0 1340918 1340918 23944171 23944171 1121603 1121603 2849392 2849392 1713715 1713715 72811 72811 123652 123652 444343 444343 3154462 3154462 4714586 4714586 134674 134674 1927564 1927564 84548 84548 652396 652396 7698044 7698044 189369 189369 3254923 3254923 314117 314117 PROVISION FOR LOAN LOSS 12319000 12319000 DEBIT CARD 2780693 2780693 LOAN SERVICING 2471887 2471887 HOME BANKING 2407420 2407420 1513021 1513021 75227309 75227309 0 0 11837856 12956766 22180044 50403227 4470677 4950602 1236399776 1402106383 2404830 3323827 56696353 29732736 27928535 26963617 52279052 17698589 30803441 34142185 2669792 2322746 25211979 28866356 1416185982 1583734298 18683961 19474763 40000291 0 1187216935 1381144054 1245901187 1400618817 X 0 0 0 0 170284795 183115481 170284795 183115481 1416185982 1583734298 12314072 516614 0 X 0 1 X 1 0 8073335 8073335 23294043 8169983 15124060 596229 523881 72348 24732746 21038872 3693874 26963617 SHARE DRAFT ACCOUNTS 228337182 REGULAR SHARE ACCOUNTS 156073664 PREMIUM SHARE ACCOUNTS 565627482 ESCROW ACCOUNTS 1538821 IRA SHARE ACCOUNTS 177150898 SHARE AND IRA CERTIFICATES 252416007 1381144054 X 87610344 0 87610344 -68963 -68963 87541381 75296272 68963 68963 75227309 0 75227309 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 2014, 2013, AND 2012 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 4B - OTHER ADJUSTMENTS: LOSS FROM SALE OF OTHER ASSETS REPORTED WITHIN PART VIII WITH SALES PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM SALE OF OTHER ASSETS REPORTED WITHIN PART VIII WITH SALES X 1 1 X X X X 0 1 0 ROBERT RAMIREZ PRESIDENT/CEO 507239 0 82000 0 25290 0 290095 0 12148 0 916772 0 0 0 SCOTT ODOM CFO 181248 0 128535 0 2215 0 81404 0 12148 0 405550 0 0 0 RENE ALMAZAN SVP/CHIEF LENDING OFFICER 195200 0 181671 0 4007 0 87932 0 9120 0 477930 0 0 0 STEVEN MOTT SVP/TECHNOLOGY 193035 0 199215 0 2867 0 69574 0 12148 0 476839 0 0 0 DANIEL CLEMENS VP/ENTERPRISE RISK MGMT 141727 0 118588 0 2241 0 65114 0 12148 0 339818 0 0 0 SANDRA LUEDERS VP/HUMAN RESOURCE & DEVELOPMENT 158587 0 124732 0 2700 0 71976 0 11978 0 369973 0 0 0 JAMIE HERNANCEZ VP/REGIONAL SALES MANAGER 120705 0 99159 0 2852 0 47477 0 8834 0 279027 0 0 0 PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED EXECUTIVE PLAN: R. RAMIREZ $271,545; S. ODOM $66,500; R. ALMAZAN $71,872; B. GORDON $71,825; S. MOTT 53,371; DANIEL CLEMENS $53,000; SANDRA LUEDERS $58,583; JAMIE HERNANDEZ $37,055. 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 11 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.