2015-07-24T02:14:54-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 PO BOX 15115 TUCSON AZ 857080115 SCOTT ODOM CFO 2015-07-24 true DOUGLAS ORTH 3052328272 2015-07-23 2014 2016-02-25 16:41:14Z Robert D Ramirez 2480 North Arcadia Avenue Tucson AZ 85712 83040509 false 2111 X WWW.VWESTCU.ORG X CREDIT UNION 1955 AZ PEOPLE HELPING PEOPLE ACHIEVE THEIR FINANCIAL GOALS...OUR 1 PRIORITY. 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 7 548 11 406901 0 74674891 79001090 1246770 887179 212309 1699960 76133970 81588229 0 0 27229308 30341162 0 0 35873726 40124568 63103034 70465730 13030936 11122499 1267683239 1416185982 1109190273 1245901187 158492966 170284795 PEOPLE HELPING PEOPLE ACHIEVE THEIR FINANCIAL GOALS...OUR 1 PRIORITY. 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. false false 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. false false true false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 22987 0 true 548 true true true false false false false false X 7 7 false false false false true true true true true false false false true false true true true true true false AZ X SCOTT ODOM CHIEF FINANCIAL OFFICER 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 CH MATTHEWSON DIRECTOR 003.00 003.00 X 0 0 1910 L MARQUEZ-PETERSON DIRECTOR 003.00 003.00 X 0 0 1357 G SMITH DIRECTOR 003.00 003.00 X 0 0 1528 T MARIN DIRECTOR 003.00 003.00 X 0 0 1044 E SANTARELLI DIRECTOR 003.00 003.00 X 0 0 1522 J DRISKILL DIRECTOR 003.00 003.00 X 0 0 482 D WHITTAKER DIRECTOR 003.00 003.00 X 0 0 541 G GONZALEZ DIRECTOR 003.00 003.00 X 0 0 598 RD RAMIREZ PRESIDENT/CEO 040.00 040.00 X 1997540 0 565505 SB ODOM CFO 040.00 040.00 X 169249 0 84016 B GORDON VP, LEGAL COUNSEL 040.00 040.00 X 208895 0 91157 R ALMAZAN SVP CHIEF LENDING OFFICER 040.00 040.00 X 226154 0 83090 S MOTT SVP TECHNOLOGY 040.00 040.00 X 220220 0 103914 C POWELL VP ASSET LIABILITY MANAGEMENT 040.00 040.00 X 272691 0 14925 J CHANDLER VP INDIRECT LENDING 040.00 040.00 X 240611 0 15991 3335360 967580 19 false true false DIGITAL INSIGHT 5601 LINDERO CANYON RD WESTLAKE VILLAGE CA 91362 ONLINE BANKING 1804195 CONVERGE ONE (SPANLINK) 605 HIGHWAY 169 NORTH MINNEAPOLIS MN 55441 PHONE SYSTEM PROVIDOR 955707 FIS 5430 DATA COURT SUITE 100 ANN HARBOR MI 48108 PAYMENT SOLUTION PROVIDER 668158 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 INTEGRATED IT SOLUTIONS 651149 INFO IMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT PRINTING 821011 49 UNRELATED BUSINESS INCOME 523000 352741 352741 UNRELATED BUSINESS INCOME 524298 54160 54160 FEES AND CHARGES 522100 7404772 7404772 OTHER NON-INTEREST INCOME 522100 8427832 8427832 INTEREST ON MEMBER LOANS 522100 62761585 62761585 79001090 1118132 1118132 199507 199507 199507 199507 1221327 1452280 -230953 -230953 -230953 MISCELLANEOUS INCOME 522100 1500453 1500453 1500453 81588229 81181328 406901 0 0 0 0 2825292 2825292 0 22303403 22303403 1107912 1107912 2371199 2371199 1733356 1733356 0 103545 103545 136826 136826 0 0 466693 466693 2528286 2528286 4509951 4509951 144150 144150 0 1911503 1911503 118056 118056 0 615313 615313 5433182 5433182 189863 189863 3024886 3024886 306741 306741 See attached schedule 20635573 20635573 0 70465730 70465730 12373909 11837856 10423291 22180044 4319607 4470677 1081462448 1236399776 1915419 2404830 55959651 28031116 29285950 27928535 76741861 52279052 6455348 30803441 2811584 2669792 41893822 25211979 1267683239 1416185982 18490402 18683961 7000012 40000291 1083699859 1187216935 1109190273 1245901187 X 158492966 170284795 158492966 170284795 1267683239 1416185982 11122499 669330 X false true X true false 10000 10000 10000 true COALITION FOR CREDIT UNION ACCESS c/o BECU MS 1016-1 12770 GATEWAY TUKWILA WA 98168 910219435 10000 false 8450805 8075268 23249458 7469187 15780271 574411 471105 103306 23684977 19715287 3969690 27928535 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFT ACCOUNTS 193737899 REGULAR SHARE ACCOUNTS 137272802 PREMIUM SHARE ACCOUNTS 474510449 ESCROW ACCOUNTS 1078296 IRA SHARE ACCOUNTS 162287667 SHARE AND IRA CERTIFICATES 218329149 PREMIUM ON CERTIFICATES ACQUIRED THROUGH ACQUISITION 673 1187216935 X 81819182 81819182 -230953 -230953 81588229 70696683 230953 230953 70465730 70465730 X 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 501C14. 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 UNIONS 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 2013, 2012, AND 2011 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. XI 4B LOSSES FROM THE SALE OF OREO AND FIXED ASSETS ARE REPORTABLE AS A REDUCTION IN REVENUE FOR 990 REPORTING PURPOSES. HOWEVER, FOR FINANCIAL STATEMENT REPORTING, ALL LOSSES ARE REPORTED UNDER EXPENSES. XII 2D LOSSES FROM THE SALE OF OREO AND FIXED ASSETS ARE REPORTABLE AS A REDUCTION IN REVENUE FOR 990 REPORTING PURPOSES. HOWEVER, FOR FINANCIAL STATEMENT REPORTING, ALL LOSSES ARE REPORTED UNDER EXPENSES. X true true X X X X false true false RD RAMIREZ PRESIDENT/CEO 507983 50000 1439557 553346 12159 2563045 SB ODOM CFO 150911 17439 899 71857 12159 253265 B GORDON VP, LEGAL COUNSEL 186832 21019 1044 86597 4560 300052 R ALMAZAN SVP CHIEF LENDING OFFICER 198289 23097 4768 73965 9125 309244 S MOTT SVP TECHNOLOGY 194967 22608 2645 91758 12156 324134 C POWELL VP ASSET LIABILITY MANAGEMENT 130560 138697 3434 10365 4560 287616 J CHANDLER VP INDIRECT LENDING 107143 127829 5639 8327 7664 256602 Part I Line 4b THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED EXECUTIVE PLAN R. RAMIREZ 535,146 S. ODOM 59,593 R. ALMAZAN 58,315 B. GORDON 71,825 S. MOTT 76,244 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 BODYS 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 PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS CFO. ONCE THIS REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. Form 990, Part VI, Section B, Line 12C THE ORGANIZATIONS 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 CEOS 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 CEOS 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 UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING.