2011-11-09T15:31:30-06:00 2010-12-31 CLIFTON GUNDERSON LLP 3003 N CENTRAL AVE STE 500 PHOENIX AZ 85012 990 2010-01-01 866050959 TRUWEST CREDIT UNION TRUW 6026292012 1667 N PRIEST DRIVE TEMPE AZ 85281 ALAN ALTHOUSE 6026292012 2011-11-03 1 K FINCHER 6022662248 2010 2016-03-07 17:11:31Z ALAN ALTHOUSE 1667 N PRIEST DRIVE TEMPE AZ 85281 45559141 0 X WWW.TRUWEST.ORG X 1952 AZ CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. THE CREDIT UNION IS ENGAGED IN PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 9 9 223 13 239618 -312193 0 0 48901637 41179614 2737398 4379527 0 0 51639035 45559141 0 0 0 0 13348023 13139103 0 0 0 46503672 30289132 59851695 43428235 -8212660 2130906 754992521 741978379 688626956 672201362 66365565 69777017 A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 0 0 THE CREDIT UNION IS ENGAGED IN PROVIDING LOW COST FINANCIAL SERVICES TO MEMBER/OWNERS. 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 17809 0 1 223 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X ALAN ALTHOUSE 6026292009 1667 N PRIEST DRIVE TEMPE AZ 85281 THOMAS CUMMISKEY 1.00 X 0 0 0 JEFF HOMER 1.00 X 0 0 0 TIM NIESZ 1.00 X 0 0 0 DAVID PRECHTEL 1.00 X 0 0 0 RICH HILL 1.00 X 0 0 0 SCOTT JOHS 1.00 X 0 0 0 JEFF VAN MYERS 1.00 X 0 0 0 CLARKE STRAUGHAN 1.00 X 0 0 0 MAX STEINBUCHEL 1.00 X 0 0 0 RICK O'CONNER 1.00 X 0 0 0 REBECCA TAYLOR 1.00 X 0 0 0 JULIE COLE 1.00 X 0 0 0 REBECCA WEISENBERG 1.00 X 0 0 0 STEVEN GERKEN 1.00 X 0 0 0 DAN DESMOND 40.00 X 264723 0 111591 DOUG LAKE 40.00 X 179490 0 34744 ALAN ALTHOUSE 40.00 X 176237 0 61884 GARY BERNARD 40.00 X 148314 0 56866 TOM GESSEL 40.00 X 146830 0 29859 JASON SCOTT 40.00 X 144346 0 13895 ABRAHAM NIELSON 40.00 X 243947 0 13408 FARID FARBOD 40.00 X 122409 0 8515 KAREN BEJARANO 40.00 X 121048 0 13311 LAURA WYGLE 40.00 X 119180 0 8499 GARY YOST 40.00 X 120809 0 13313 1787333 0 365885 11 0 1 0 NCUA 1775 DUKE ST ALEXANDRIA VA 22314 TCCUSF ASSESSMENT AND NCUSIF PREMIUM 1662762 CIGNA HEALTH CARE 5621 COLLECTION CENTER DR CHICAGO IL 60693 HEALTH CARE 1649655 FIDELITY 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 CREDIT AND DEBIT CARD SERVICES 1022484 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 PROCESS STATEMENTS 536468 KINETICS SYSTEMS INC 15660 N DALLAS PARKWAY SUITE 1200 DALLAS TX 75248 RENT FOR HOME OFFICE 532567 5 PROGRAM SERVICE REVENU 522100 40939996 40939996 UNRELATED BUSINESS INC 524298 239618 239618 41179614 4379527 4379527 45559141 45319523 239618 0 2153218 8709623 1512280 763982 346308 59240 3368664 815594 2636518 16117 119414 3684206 PROVISION FOR LOAN LOSS 10610336 OPERATIONS 6407393 NCUSIF PREMIUM ASSESSME 1662762 OTHER EXPENSES 463356 IMPAIRMENT OF CORPORATE 99224 43428235 34531586 35502280 532327889 465155024 32194829 16324835 17108642 15869994 150646217 204352912 20378187 21098169 754992521 741978379 6655827 7324191 681971129 664877171 688626956 672201362 X 0 0 0 0 66365565 69777017 66365565 69777017 754992521 741978379 X 2130906 1280546 X X 0 1 1 X 0 8466382 8466382 7775347 2939028 4836319 15953100 13385807 2567293 15869994 FEDERAL HOME LOAN BANK STOCK 2888221 C INVESTMENT SECURITIES - AVAILABLE F 175674372 C INVESTMENT SECURITIES - OTHER INVES 25790319 C 204352912 45559141 43428235 2130906 1280546 1280546 3411452 45559141 0 45559141 0 45559141 43428235 0 43428235 0 43428235 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WAS ISSUED TO CREATE A SINGLE MODEL TO ADDRESS ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS STANDARD ALSO PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE CREDIT UNION ADOPTED THIS STANDARD ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE 1,249,591. CHANGE IN UNREALIZED GAIN ON DEFERRED COMPENSATION INVESTMENTS 30,955. X X 0 0 0 DAN DESMOND 252963 0 11760 0 0 0 91173 0 15404 0 371300 0 0 0 DOUG LAKE 171425 0 8065 0 0 0 23983 0 10601 0 214074 0 0 0 ALAN ALTHOUSE 168444 0 7793 0 0 0 46488 0 15396 0 238121 0 0 0 GARY BERNARD 141725 210 6589 0 0 0 42327 0 14329 0 204970 210 0 0 TOM GESSEL 140307 240 6523 0 0 0 19912 0 9707 0 176449 240 0 0 JASON SCOTT 138226 280 6120 0 0 0 0 0 13615 0 157961 280 0 0 ABRAHAM NIELSON 243947 0 0 0 0 0 0 0 13408 0 257355 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AND RESULTS ARE REPORTED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND THEN REVIEWED BY THE CFO. IT IS THEN REVIEWED WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C REGULARLY MONITOR AND REVIEW ACTIVITY OF THE ENTITY FOR POTENTIAL CONFLICTS. FOR EXAMPLE, ALL LOANS TO MEMBERS OF THE BOARD OF DIRECTORS ARE UNDERWRITTEN BY STAFF USING STANDARD UNDERWRITING GUIDELINES FOR ALL MEMBERS, WITH THE SAME RATES AND TERMS AVAILABLE TO ALL MEMBERS, AND THEN REPORTED TO AND RATIFIED BY THE FULL BOARD OF DIRECTORS. BOARD MEMBERS ALSO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 TRUWEST PERIODICALLY EVALUATES/RE-EVALUATE POSITIONS WITH HRN MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE WHO REQUESTS THEM BY VISITING A BRANCH OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE 1,249,591. CHANGE IN UNREALIZED GAIN ON DEFERRED COMPENSATION INVESTMENTS 30,955. TOTAL TO FORM 990, PART XI, LINE 5: 1,280,546. FORM 990, PAGE 12, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR THE AUDITED FINANCIAL STATEMENTS. ME-CUSO FINANCIAL SERVICES LLC 1667 N PRIEST DRIVE TEMPE AZ 85281 FINANCIAL PRODUCTS AND SERVICES AZ 0 0 TRUWEST CREDIT UNION