2014-07-24T09:17:54-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 PO BOX 15115 TUCSON AZ 857080115 SCOTT ODOM VP FINANCE 2014-07-24 true DOUGLAS ORTH 3052328272 2014-07-01 2013 2015-11-30 17:44:51Z Robert D Ramirez 2480 North Arcadia Avenue Tucson AZ 85712 86205966 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 7 533 13 373053 0 72556968 74674891 1453888 1246770 212309 74010856 76133970 0 0 25405760 27229308 0 0 34520736 35873726 59926496 63103034 14084360 13030936 1173366422 1267683239 1026483523 1109190273 146882899 158492966 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 false true 24778 0 true 533 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 CONTROLLER 5209176270 2480 N ARCADIA AVE TUCSON AZ 85712 DR WHITTAKER CHAIRMAN/BOD 003.00 003.00 X 691 0 0 WL GUM V.CHAIRMAN/BOD 003.00 003.00 X 2163 0 0 CH MATTHEWSON TREASURER/BOD 003.00 003.00 X 897 0 0 G GONZALEZ DIRECTOR/BOD 003.00 003.00 X 1396 0 0 T BRANHAM DIRECTOR/BOD 003.00 003.00 X 0 0 0 L MARQUEZ-PETERSON DIRECTOR/BOD 003.00 003.00 X 1271 0 0 G SMITH TREASURER/BOD 003.00 003.00 X 1709 0 0 T MARIN SECRETARY/BOD 003.00 003.00 X 707 0 0 E SANTARELLI DIRECTOR/BOD 003.00 003.00 X 0 0 0 RD RAMIREZ PRESIDENT/CEO 040.00 040.00 X 488682 0 748869 SB ODOM VP OF FINANCE 040.00 040.00 X 135166 0 75969 B GORDON VP, LEGAL COUNSEL 040.00 040.00 X 202519 0 81392 R ALMAZAN SVP CHIEF LENDING OFFICER 040.00 040.00 X 189252 0 93186 S MOTT SVP TECHNOLOGY 040.00 040.00 X 183791 0 94589 S LUEDERS VP HUMAN RESOURCES 040.00 040.00 X 149485 0 59988 D GANT VP OF OPERATIONS 040.00 040.00 X 133868 0 32693 1491597 1186686 21 false true false DIGITAL INSIGHT 5601 LINDERO CANYON RD WESTLAKE VILLAGE CA 91362 ONLINE BANKING 1484017 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH PA 152643543 ATM MAINTENANCE 903411 THE BABLOVE AGENCY INC 220 E SPEEDWAY BLVD TUCSON AZ 857057427 AD AGENCY 1477499 DIMENSION DEVELOPMENT LLC 1501 N 15TH AVE TUCSON AZ 85705 BUILDING CONSTRUCTION/REMODELING 1653558 INFO IMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT PRINTING 717145 42 UNRELATED BUSINESS INCOME 523000 328539 328539 UNRELATED BUSINESS INCOME 524298 44514 44514 FEES AND CHARGES 522100 15042904 15042904 OTHER NON-INTEREST INCOME 522100 1014303 1014303 INTEREST ON MEMBER LOANS 522100 58244631 58244631 74674891 1037147 1037147 212309 212309 212309 212309 10281619 10071996 209623 209623 209623 76133970 75760917 373053 0 0 0 0 1457520 1457520 0 21562889 21562889 1050220 1050220 1489064 1489064 1669615 1669615 0 44255 44255 77353 77353 0 0 479063 479063 2705376 2705376 4044728 4044728 106832 106832 0 1733156 1733156 105985 105985 0 552102 552102 4475149 4475149 211678 211678 3014560 3014560 300392 300392 See attached schedule 18023097 18023097 0 63103034 63103034 17088843 12373909 63568160 10423291 4031263 4319607 950514151 1081462448 2017373 1915419 55006364 25720414 28613506 29285950 55851467 76741861 8081020 6455348 2986843 2811584 40613796 41893822 1173366422 1267683239 16764642 18490402 7000012 1009718881 1083699859 1026483523 1109190273 X 146882899 158492966 146882899 158492966 1173366422 1267683239 13030936 -1420869 X false true X true false 20000 20000 20000 true COALITION FOR CREDIT UNION ACCESS c/o BECU MS 1016-1 12770 GATEWAY TUKWILA WA 98168 910219435 20000 false 9468576 9125660 22515557 6773815 15741742 722632 530930 191702 22299599 18072753 4226846 29285950 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFT ACCOUNTS 173625940 REGULAR SHARE ACCOUNTS 122247130 PREMIUM SHARE ACCOUNTS 472115898 ESCROW ACCOUNTS 927128 IRA SHARE ACCOUNTS 151065766 SHARE AND IRA CERTIFICATES 163708885 PREMIUM ON CERTIFICATES ACQUIRED THROUGH ACQUISITION 9112 1083699859 X 76178658 76178658 -44688 -44688 76133970 63147722 44688 44688 63103034 63103034 X 2D THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE 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 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. THE INTERNAL REVENUE SERVICE IRS HAS 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. NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2012, 2011, AND 2010 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 ASSETS OREO, FIXED ASSETS, ETC. INCLUDED IN THE FORM 990S STATEMENT OF REVENUE. THESE LOSSES WERE GROUPED AS PART OF NON-INTEREST EXPENSE IN THE AUDITED FINANCIAL STATEMENTS. XII 2D LOSSES FROM THE SALE OF ASSETS GROUPED WITH NON-INTEREST EXPENSE IN THE AUDITED FINANCIAL STATEMENTS. FOR PURPOSES OF THE FORM 990, LOSSES ASSOCIATED WITH SALES ARE REPORTED IN THE STATEMENT OF REVENUE. X true true X X X false true false RD RAMIREZ PRESIDENT/CEO 468466 20216 735516 13353 1237551 SB ODOM VP OF FINANCE 135166 63177 12792 211135 B GORDON VP, LEGAL COUNSEL 172772 29697 50 76146 5246 283911 R ALMAZAN SVP CHIEF LENDING OFFICER 188752 500 83231 9955 282438 S MOTT SVP TECHNOLOGY 183791 81615 12974 278380 S LUEDERS VP HUMAN RESOURCES 149485 50392 9596 209473 D GANT VP OF OPERATIONS 133868 22969 9724 166561 Part I Line 4B DURING 2013, THE CREDIT UNION CONTRIBUTED FUNDS TO THE FOLLOWING EMPLOYEES 457f PLAN ACCOUNTS ROBERT RAMIREZ 717,666 RENE ALMAZAN 54,062 DORIS GANT 36,143 BRENDA GORDON 35,651 SANDRA LEUDERS 36,702 STEVE MOTT 69,213 SCOTT ODOM 37,199. 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 11A THE VP OF FINANCE IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS PRESIDENT/CEO. 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. 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.