2012-07-25T17:39:34-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 860120482 VANTAGE WEST CREDIT UNION VANT 5202987882 PO BOX 15115 TUCSON AZ 857080115 SCOTT ODOM 5209176270 2012-06-26 true DOUGLAS ORTH 3052328272 2012-06-26 2011 2016-02-24 21:20:13Z Robert D Ramirez 2480 North Arcadia Avenue Tucson AZ 85712 72627674 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 7 463 15 1264046 -318007 0 71825460 70354175 2807556 2273499 2234554 0 76867570 72627674 0 0 20961749 23467854 0 0 41677903 35849075 62639652 59316929 14227918 13310745 1073929571 1115685909 954811620 982859346 119117951 132826563 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 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 true false false false false false false false false false true 25020 0 true 463 true true true false false false false false X 7 7 false false false false true true false 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 003.00 X 1475 0 0 WL GUM 003.00 X 1545 0 0 CH MATTHEWSON 003.00 X 1048 0 0 G GONZALEZ 003.00 X 1950 0 0 EL SORRELL 003.00 X 0 0 0 TL VALDEZ 003.00 X 0 0 0 G SMITH 003.00 X 1599 0 0 T MARIN 003.00 X 1949 0 0 RD RAMIREZ 040.00 X 434277 0 508589 SB ODOM 040.00 X 127188 0 42062 CJ POWELL 040.00 X 117001 0 34686 R ALMAZAN 040.00 X 183247 0 73982 S MOTT 040.00 X 182211 0 68417 G BRAM 040.00 X 169615 0 72663 J SMALARZ 040.00 X 132133 0 38020 S LUEDERS 040.00 X 130616 0 41653 T BRANHAM 003.00 X 0 0 0 L MARQUEZ-PETERSON 003.00 X 0 0 0 1485854 880072 12 false true false GILES CONSTRUCTION INC 921 S PRUDENCE RD TUCSON AZ 85710 BUILDING CONSTRUCTION/REMODELING 949649 THE BABLOVE AGENCY INC 220 E SPEEDWAY BLVD TUCSON AZ 85705 AD AGENCY 1575878 JACK HENRY & ASSOCIATES INC PO BOX 503328 ST LOUIS MO 63150 CORE SYSTEM LICENSE/MAINTENANCE 580193 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 TECHNOLOGY EQUIPMENT 1188217 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH PA 15264 ATM MAINTENANCE 500523 30 UNRELATED BUSINESS INCOME 523000 910347 910347 UNRELATED BUSINESS INCOME 524298 353699 353699 FEES AND CHARGES 522100 12548655 12548655 OTHER NON-INTEREST INCOME 522100 240239 240239 INTEREST ON MEMBER LOANS 522100 56301235 56301235 70354175 2273499 2273499 72627674 71363628 1264046 0 0 0 0 2365926 2365926 0 16758925 16758925 837943 837943 2052355 2052355 1452705 1452705 0 176703 176703 115422 115422 0 0 223200 223200 2551912 2551912 3487524 3487524 1233761 1233761 0 1667459 1667459 83546 83546 0 491871 491871 5398609 5398609 0 2691714 2691714 276034 276034 See attached schedule 17451320 17451320 0 59316929 59316929 9162310 15756923 55120322 71470063 4370314 4022215 824026211 851341992 1383326 1397566 50198110 22196131 27206056 28001979 112924321 99637679 7539754 7539420 3437765 3195570 28759192 33322502 1073929571 1115685909 8588403 14704100 946223217 968155246 954811620 982859346 X 119117951 132826563 119117951 132826563 1073929571 1115685909 X 13310745 397867 X false true true X false false 9342415 9058459 19858758 5525310 14333448 627575 320097 307478 19975334 16066768 3908566 394028 394028 28001979 SHARE DRAFT ACCOUNTS 146634540 REGULAR SHARE ACCOUNTS 101272975 PREMIUM SHARE ACCOUNTS 448997811 ESCROW ACCOUNTS 839924 IRA SHARE ACCOUNTS 130954167 SHARE AND IRA CERTIFICATES 139405124 PREMIUM ON CERTIFICATES ACQUIRED THROUGH ACQUISITION 50705 968155246 72627674 59316929 13310745 397867 397867 13708612 72627674 72627674 72627674 59316929 59316929 59316929 X 2 FASB ASC 740-10-25 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. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND X 2 continued... ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNIUON HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION 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 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. X 2 continued... 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 true true X X X false false false RD RAMIREZ 404277 30000 499969 8620 942866 SB ODOM 121857 5331 33731 8331 169250 CJ POWELL 112529 4472 31288 3398 151687 R ALMAZAN 174383 8864 67352 6630 257229 S MOTT 173437 8774 59869 8548 250628 G BRAM 161177 8438 64113 8550 242278 J SMALARZ 127129 5004 29539 8481 170153 S LUEDERS 125361 5255 33324 8329 172269 FIRST CORPORATE CREDIT UNION R. RAMIREZ IS ON BOD 496029 PAYMENT AND LIQUIDITY SERVICES false Form 990 Part VI 6 THE CREDIT UNION HAS MEMBERS. Form 990 Part VI 7A THE MEMBERS OF THE CREDIT UNION ELECT EACH MEMBER OF THE BOARD OF DIRECTORS. Form 990 Part VI 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 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 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 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 XI 5 UNREALIZED GAIN ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE. 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 B 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 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 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 XI Line 5 UNREALIZED GAIN ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE.