2015-08-12T03:20:54-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 860098350 ARIZONA CENTRAL CREDIT UNION ARIZ 6022646421 2020 N CENTRAL AVENUE Room 1200 PHOENIX AZ 85004 TODD PEARSON PRESIDENTCEO 2015-08-12 true DOUGLAS ORTH 3052328272 2015-08-12 2014 2016-02-25 16:41:14Z TODD A PEARSON 2020 N CENTRAL AVENUE PHOENIX AZ 85004 52156936 false 2111 X WWW.AZCENTRALCU.ORG X CREDIT UNION 1939 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 6 6 238 12 57209 -36679 0 17567874 19625722 1984330 2181428 5834368 5414214 25386572 27221364 0 0 9126819 9954636 0 0 14496506 15706497 23623325 25661133 1763247 1560231 403446974 433484790 370454567 396987925 32992407 36496865 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. false false THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. false false false 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 11438 0 true 238 true true true false false false false false X 6 6 false false false false true true true true true false false false true true true false true true true false AZ X GREG HARDEN 6025238253 2020 N CENTRAL AVENUE SUITE 1200 PHOENIX AZ 85004 R WOLPERT BOD CHAIRMAN 001.00 001.00 X 0 0 0 B RACZYNSKI BOD V.CHAIRMAN 001.00 001.00 X 0 0 0 L PFEIFFER BOD MEMBER 001.00 001.00 X 0 0 0 S WATTS SECRETARY 001.00 001.00 X 0 0 0 J RIDDLE BOD MEMBER 001.00 001.00 X 0 0 0 T DWYER BOD MEMBER 001.00 001.00 X 0 0 0 R KIRBY BOD MEMBER 001.00 001.00 X 0 0 0 M DENKE TREASURER 001.00 001.00 X 0 0 0 T PEARSON CEO 040.00 040.00 X 251541 0 48422 A JONES EVP 040.00 040.00 X 156715 0 26287 G HARDEN CFO 040.00 040.00 X 140728 0 14706 J MOODIE VP/COO 040.00 040.00 X 119489 0 32073 B MEDLEY VP/CMO 040.00 040.00 X 110039 0 800 L WILMOT DIRECTOR OF MORTGAGE LENDING 040.00 040.00 X 104773 0 10257 M BRADSHAW VP IT 040.00 040.00 X 104800 0 9186 Y CLAY VP OF LENDING 040.00 040.00 X 101466 0 3266 1089551 144997 8 false true false DBSI INCORPORATED 6950 W MORELOS PI CHANDLER AZ 85226 SYSTEM SUPPORT 804932 DIGITAL INSIGHT 1300 SEAPORT BOULEVARD SUITE 300 REDWOOD CITY CA 94063 SYSTEM SUPPORT 851576 FISERV 4801 E THISTLE LANDING DRIVE PHOENIX AZ 85226 SYSTEM SUPPORT 551298 RATE GENIUS 4412 SPICEWOOD SPRINGS RD AUSTIN TX 78759 LOAN SUPPORT 489166 CENTURY LINK TELEPHONE SERVICE 259618 12 INTEREST ON LOANS 522100 14977451 14977451 FEES SERVICE CHARGES 522100 4591062 4591062 UNRELATED BUSINESS INCOME 900099 57209 57209 19625722 2117220 2117220 1451096 1451096 1451096 1451096 24999780 24935572 64208 64208 64208 MISCELLANEOUS INCOME 522100 3963118 3963118 3963118 27221364 27164155 57209 0 0 0 0 638399 638399 0 7574292 7574292 137727 137727 957627 957627 646591 646591 0 53826 53826 57235 57235 0 0 309605 309605 1065476 1065476 3327173 3327173 1983898 1983898 0 1788611 1788611 132013 132013 0 5004 5004 756487 756487 0 1667578 1667578 149587 149587 SEE SCHEDULE ATTACHED 4410004 4410004 0 25661133 25661133 4709541 4668785 8059864 4968858 1443679 1539940 246988964 320605293 1303482 1081919 51357280 22155138 29326103 29202142 100907518 63341634 3310949 2996127 7396874 5080092 403446974 433484790 5464663 5250845 20000000 364989904 371737080 370454567 396987925 X 32992407 36496865 32992407 36496865 403446974 433484790 X 1560231 2407977 -463750 X false true X true false false 6208591 6208591 32923603 11545196 21378407 542860 535463 7397 11682226 10074479 1607747 29202142 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 60804135 SHARES 102488851 MONEY MARKET 113208860 IRA SHARES 12822056 BUSINESS 18126413 SHARE AND IRA CERTIFICATES 64286765 371737080 X 27221364 27221364 27221364 25661133 25661133 25661133 X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. 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 THE 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. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL 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 THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITON OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, 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. X X false false false T PEARSON CEO 240169 2372 9000 29461 18961 299963 A JONES EVP 145564 3951 7200 8030 18257 183002 G HARDEN CFO 130140 3388 7200 14706 155434 J MOODIE VP/COO 116208 3281 21016 11057 151562 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS. Form 990, Part VI, Section A, Line 7AB THE CREDIT UNION FIELD OF MEMBERSHIP HAS AUTHORITY TO ELECT AND RE-ELECT THE BOARD OF DIRECTORS AND THE MEMBERS OF THE SUPERVISORY COMMITTEE EVERY TWO YEARS . Form 990, Part VI, Section B, Line 11 THE FORM 990 IS REVIEWED BY THE CFO. Form 990, Part VI, Section B, Line 12C VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. Form 990, Part VI, Section B, Line 15 THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 RECLASSIFICATION ADJUSTMENT FOR INVESTMENT GAINS INCLUDED IN NET INCOME IN THE AMOUNT OF 64,208 PLUS NET PENSION LOSSES OF 552,542 LESS RECLASSIFICATION ADJUSTMENT FOR AMORTIZED PENSION LOSSES INCLUDED IN NET INCOME OF 153,000.