2013-05-09T16:10:12-05:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 860929205 ALTIER CREDIT UNION ALTI 6027973000 1511 N PROJECT DRIVE TEMPE AZ 85281 DAVID L SKILTON 6027973000 2013-05-08 1 GERALD B KISSELL P00092658 6123324300 2012 2016-02-25 16:41:14Z HARRY MATEER JR 1511 N PROJECT DRIVE TEMPE AZ 85281 9380538 0 2111 X WWW.ALTIERCU.ORG X 1998 AZ PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 7 7 76 12 80334 -17946 0 0 9067640 8115739 825990 752467 510406 512332 10404036 9380538 0 0 299737 211058 4243960 4168953 0 0 0 5168807 4012670 9712504 8392681 691532 987857 163350791 168726175 152439346 156810608 10911445 11915567 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 2012, THE CREDIT UNION FUNDED 5,380 NEW LOANS AND DISBURSED $64,376,560 IN NEW LOAN BALANCES TO MEMBERS OF THE COOPERATIVE. 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 2012, THE CREDIT UNION HAD 37,612 DEPOSIT ACCOUNTS AND $155,011,719 IN DEPOSIT BALANCES TO MEMBERS OF THE COOPERATIVE. OTHER CONSUMER PRODUCTS - ALTIER CREDIT UNION OFFERS DEBT CANCELLATION INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, EXTENDED VEHICLE WARRANTIES, AND ID THEFT MONITORING TO MEMBERS OF THE COOPERATIVE. 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 2967 0 1 76 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 1511 N PROJECT DRIVE TEMPE AZ 85281 JOSEPH NOWACZYK 1.00 X X 0 0 0 KATHY DANIELSON 1.00 X X 0 0 0 ROSE PFISTER 1.00 X X 0 0 0 BRANDON WHITING 1.00 X X 0 0 0 CASEY WAMSLEY 1.00 X 0 0 0 JOHN BLEVINS 1.00 X 0 0 0 YVONNE REININK 1.00 X 0 0 0 HARRY M MATEER JR 40.00 X 200834 0 159432 DAVID SKILTON 40.00 X 124955 0 32436 GREGORY LINNEBUR 40.00 X 105943 0 31410 431732 0 223278 3 0 1 0 FISERVUSERS 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 60675 DATA PROCESSING 292389 INTUITDIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 90051 DATA PROCESSING 267307 BANCVUE PO BOX 527 LUBBOCK TX 79408 NEW PRODUCT IMPLEMENT & MKTG 125048 3 INTEREST ON LOANS 522100 4697667 4697667 NSF/OD INCOME 522100 1353497 1353497 MISC. OPERATING INCOME 522100 918952 878424 40528 CHECK PROGRAMS 522100 680741 680741 FEES AND CHARGES 522100 464882 425076 39806 8115739 427347 427347 512332 0 512332 512332 512332 239234 85886 0 0 239234 85886 325120 325120 9380538 8035405 80334 1264799 211058 494336 2683305 404933 357391 228988 10105 240948 146863 1925595 833897 137262 397617 LOAN SERVICING 275609 NCUSIP STABILIZATION EX 146855 HUMAN RESOURCE EXPENSE 48775 PROVISION FOR LOAN LOSS -253179 102323 8392681 1147164 807205 664007 585610 94760520 105075339 865726 1280286 17310760 7396127 10456361 9914633 351262 373600 49239649 44325212 5866102 6364290 163350791 168726175 1727704 1798889 64759 52386 150646883 154959333 152439346 156810608 X 0 0 0 0 10911445 11915567 10911445 11915567 163350791 168726175 987857 16265 0 X 0 1 X 1 0 0 1 X 633078 633078 12313943 3717126 8596817 261120 141346 119774 4102619 3537655 564964 9914633 FIRSTCROP INVESTMENTS 780774 F CERTIFICATE OF DEPOSITS 18252600 F COLLATERALIZED MORTGAGE OBLIGATIONS 2850367 F FEDERAL AGENCY SECURITIES 8103708 F FEDERAL RESERVE BANK 12154747 F OTHER INVESTMENTS 56983 F CATALYST INVESTMENTS 2126033 F 44325212 MEMBER SHARES 154959333 154959333 X 9379482 -1056 -1056 9380538 0 9380538 8571780 0 8571780 -179099 -179099 8392681 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2012 AND 2011. THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2012 AND 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION ADJUSTMENT REVERSAL -1,056. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOWANCE FOR LOAN LOSS -214,202. PENSION ADJUSTMENT REVERSAL 35,103. X X 0 1 0 HARRY M MATEER JR 164161 0 26024 0 10649 0 133187 0 26245 0 360266 0 0 0 DAVID SKILTON 122236 0 2504 0 215 0 20508 0 11928 0 157391 0 0 0 PART I, LINE 4B HARRY M. MATEER, JR., CEO AND DAVID SKILTON, SVP/CFO PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE DISBURSED IN 2012. 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 AN EXTERNAL AUDITOR, EXTERNAL EXAMINER AND AN INTERNAL AUDITOR. 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 APPROVES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTS TO SEE THEM.