2023-05-01T13:08:35-05:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 860108241 CREDIT UNION WEST CRED 6026313200 PO BOX 7600 GLENDALE AZ 853127600 CONNIE LOVELAND CFO 6026313200 2023-04-30 1 CONNIE LOVELAND XXX-XX-XXXX 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KAREN ROCH PO BOX 7600 GLENDALE AZ 853127600 60265835 0 X WWW.CUWEST.ORG X 1951 AZ FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 8 8 259 13 284891 0 0 0 45494580 52942651 1425467 2027262 223919 167621 47143966 55137534 0 5000 0 0 17718631 18229095 0 0 0 21261229 22633821 38979860 40867916 8164106 14269618 1059321576 1117757318 961725577 1014492447 97595999 103264871 X TO INSPIRE OUR MEMBERS, EMPLOYEES AND COMMUNITIES TO ACHIEVE THEIR FINANCIAL GOALS AND ENHANCE THEIR QUALITY OF LIFE. 0 1 FINANCIAL COOPERATIVE TO PROVIDE LOANS AND FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 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 17764 0 1 259 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CREDIT UNION WEST 6026313200 10150 W DESERT RIVER BLVD GLENDALE AZ 85305 DON JACKSON DIRECTOR 1.00 X 0 0 0 LUIS GENDREAU CHAIRPERSON 1.00 X 0 0 0 FRANCES LAGUNA DIRECTOR 1.00 X 0 0 0 EDWARD LOGAN V. CHAIRPERSON 1.00 X 0 0 0 GARY LARBERG DIRECTOR 1.00 X 0 0 0 WANDA TYUS DIRECTOR 1.00 X 0 0 0 RAYMOND BOUCHER DIRECTOR 1.00 X 0 0 0 FORD JONATHON ASSOCIATE DIRECTOR 1.00 X 0 0 0 ROCH KAREN CEO/PRESIDENT 40.00 X 504787 0 76393 BIRR ROBERT VP-CHIEF LENDING OFFICER 40.00 X 254363 0 92907 BROWN CHERYL CHIEF HR OFFICER 40.00 X 203782 0 27078 DUONG NING SVP-COO 40.00 X 270831 0 30543 LOVELAND CONNIE SVP-CHIEF FINANCIAL OFFICER 40.00 X 274498 0 52370 SETH R BAKER VP-IT 40.00 X 169227 0 18888 DANIELLE GREEN VP OF BRANCHES 40.00 X 181393 0 39451 CRUZ DIANA VP-ENTERPRISE RISK MANAGER 40.00 X 214379 0 49018 WADE ROBERT INVESTMENT ADVISOR 40.00 X 138640 0 25698 JODY BLOSS DIRECTOR- CONSUMER LENDING 40.00 X 143022 0 16975 BELL KIONA DIRECTOR- DIGITAL DELIVERY 40.00 X 143777 0 17176 POLDOSKI KELLY VP- FINANCE 40.00 X 149704 0 38916 FIELDSON NICHOLAS INVESTMENT ADVISOR 40.00 X 155872 0 16209 GRUNDY SCOTT FORMER VP- CIO 0.00 X 116304 0 0 2920579 0 501622 25 1 1 0 B'S CONTRACTORS LLC 1510 LOUIS TRAIL PRESCOTT AZ 86305 CONSTRUCTION 1240003 MASTERCARD INTERNATIONAL 2200 MASTERCARD BLVD OFALLEN MO 633687263 CREDIT CARD ISSUER 1110488 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75267 ONLINE BANKING PROVIDER 793107 JACK HENRY PO BOX 609 MONETT MO 65708 DATA PROCESSOR 744354 WILLMENG CONSTRUCTORS INC 1702 EAST HIGHLAND AVE STE 450 PHOENIX AZ 85016 CONSTRUCTION 654881 28 LOANS TO MEMBERS 522100 40327268 40327268 FEES/CHARGES/OTHER 522100 12330492 12330492 INVESTMENT SERVICES 523000 201101 201101 NON-MEMBER ATM FEE INC 525990 78585 78585 NON-MEMBER NOTARY FEE 541900 5205 5205 52942651 2214627 2214627 500677 333056 167621 167621 167621 4607880 4795245 -187365 -187365 -187365 55137534 52470395 284891 2382248 X 5000 2459908 10933352 800805 3014734 1020296 107190 265532 3196679 861206 2281384 1273059 532220 132256 5666 3662977 53511 1406977 163940 LOAN SERVICING 5235419 PROVISION FOR LOAN LOSS 2537349 MAINTENANCE 484166 ATM EXPENSES 261834 172456 40867916 6232833 4622395 147258018 22575599 3805273 1596931 739426635 923760339 1258323 971207 43237152 11788759 29895782 31448393 97588413 94693319 6956700 7571100 26899599 30518035 1059321576 1117757318 22652184 18155437 36000000 939073393 960337010 961725577 1014492447 X 0 0 0 0 97595999 103264871 97595999 103264871 1059321576 1117757318 X 14269618 -11002697 2401951 X X 0 1 X 1 0 7002373 7002373 25214178 4493674 20720504 2033106 552112 1480994 8987495 6742973 2244522 31448393 SHARE ACCOUNTS 337562702 SHARE DRAFT ACCOUNTS 257268618 MONEY MARKET ACCOUNTS 197457118 SHARE AND IRA CERTIFICATES 168048572 960337010 X 55470590 0 55470590 -333056 -333056 55137534 41200972 333056 333056 40867916 0 40867916 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE CREDIT UNION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. THE CREDIT UNION RECOGNIZED NO INTEREST OR PENALTIES ON THE UNDERPAYMENT OF INCOME TAXES DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021, AND HAD NO ACCRUED INTEREST OR PENALTIES ON THE STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2022 AND 2021. THE CREDIT UNION HAS NO TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE DURING THE NEXT TWELVE MONTHS. THE INTERNAL REVENUE SERVICE (IRS) AND CERTAIN STATE TAXING AUTHORITIES ARE CURRENTLY REVISITING WHAT, IF ANY, PRODUCTS AND SERVICES PROVIDED BY STATE CHARTERED CREDIT UNIONS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE IRS CODE ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. THE IRS HAS INDICATED THAT THEY ARE STUDYING THE ISSUE AND MAY ISSUE ADDITIONAL GUIDANCE. AS A RESULT, AT THIS TIME THERE IS UNCERTAINTY REGARDING WHETHER STATE CHARTERED CREDIT UNIONS SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990 AS A REDUCTION OF REVENUE BUT INCLUDED IN EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS -333,056. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990 AS A REDUCTION OF REVENUE BUT INCLUDED IN EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS 333,056. X X 1 1 X X X X X 0 1 0 ROCH KAREN CEO/PRESIDENT 398244 0 85267 0 21276 0 57555 0 18838 0 581180 0 0 0 BIRR ROBERT VP-CHIEF LENDING OFFICER 196960 0 56944 0 459 0 71021 0 21886 0 347270 0 0 0 LOVELAND CONNIE SVP-CHIEF FINANCIAL OFFICER 228262 0 35461 0 10775 0 30800 0 21570 0 326868 0 0 0 DUONG NING SVP-COO 240608 0 19660 0 10563 0 28000 0 2543 0 301374 0 0 0 CRUZ DIANA VP-ENTERPRISE RISK MANAGER 166962 0 46705 0 712 0 28168 0 20850 0 263397 0 0 0 BROWN CHERYL CHIEF HR OFFICER 202567 0 403 0 812 0 16000 0 11078 0 230860 0 0 0 DANIELLE GREEN VP OF BRANCHES 146364 0 34639 0 390 0 29100 0 10351 0 220844 0 0 0 POLDOSKI KELLY VP- FINANCE 117214 0 32318 0 172 0 19635 0 19281 0 188620 0 0 0 SETH R BAKER VP-IT 134902 0 34325 0 0 0 8531 0 10357 0 188115 0 0 0 FIELDSON NICHOLAS INVESTMENT ADVISOR 47436 0 108436 0 0 0 7825 0 8384 0 172081 0 0 0 WADE ROBERT INVESTMENT ADVISOR 39208 0 99432 0 0 0 7292 0 18406 0 164338 0 0 0 BELL KIONA DIRECTOR- DIGITAL DELIVERY 116749 0 27028 0 0 0 7252 0 9924 0 160953 0 0 0 JODY BLOSS DIRECTOR- CONSUMER LENDING 115463 0 27559 0 0 0 7194 0 9781 0 159997 0 0 0 GRUNDY SCOTT FORMER VP- CIO 0 0 0 0 116304 0 0 0 0 0 116304 0 70000 0 PART I, LINE 4B DURING 2022, THE BELOW-LISTED EMPLOYEES PARTICIPATED IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DOLLAR AMOUNTS REPORTED REPRESENT THE ACCRUED BENEFIT EXPENSE INCURRED BY THE CREDIT UNION DURING 2022. ROCH, KAREN- $43,555 BIRR, ROBERT- $58,666 CRUZ, DIANA- $18,667 LOVELAND, CONNIE- $30,800 GREEN, DANIELLE- $20,000 POLODSKI, KELLY- $11,667 DOUNG, NING- $28,000 BROWN, CHERYL- $16,000 DURING 2022, THE BELOW-LISTED EMPLOYEES DEFERRED THE FOLLOWING AMOUNTS TO A NON-QUALIFIED 457(B) PLAN: ROCH, KAREN- $20,500 BIRR, ROBERT- $20,500 CRUZ, DIANA- $14,000 DOUNG, NING- $13,653 GREEN, DANIELLE- $5,442 SCOTT GRUNDY, FORMER CIO, RECIEVED A 457(F) PAYOUT OF $70,000. FORM 990, PART III, LINE 3 THE CREDIT UNION ELIMINATED NSF FEES AND REDUCED FEES ASSOCIATED WITH OVERDRAFTS. ADDITIONALLY, THE CREDIT UNION CEASED PARTICIPATION IN SHARED BRANCHING ACTIVITIES. THEREFORE, SHARED BRANCHING IS NOT REPORTED ON THE 2022 FORM 990-T AS AN UNRELATED ACTIVITY. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S MEMBERS VOTE TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION'S MEMBERS VOTE ON ANY CHANGES TO THE GOVERNING BY-LAWS . FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 TAX RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. INDIVIDUALS MUST REPORT ANY CONFLICT OF INTEREST AT THE TIME IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 15(A): COMPENSATION COMMITTEE REVIEWS INFORMATION FROM AN INDEPENDENT COMPENSATION CONSULTANT AND FROM A COMPENSATION SURVEY FOR THE CEO'S SALARY. CEO'S COMPENSATION IS APPROVED BY THE BOARD. 15(B): COMPENSATION FOR OTHER OFFICERS IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON INPUT FROM AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT ALL BRANCH LOCATIONS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS REPRESENTING THE ENTIRE MEMBERSHIP. OTHER POLICY STATEMENTS MAY BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS 172,456. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME-DEFINED BENEFIT PENSION PLAN 2,401,951. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.