2025-10-09T15:48:42-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 860108770 ONEAZ CREDIT UNION ONEA 6024674088 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 MICHAEL BODEN CHIEF FINANCIAL OFFICER 6024674094 2025-10-06 1 0 LISA N RYSSEL CPA P00643670 7149781300 2025-10-06 2024 2025-03-06 01:10:19Z BRANDON MICHAELS 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 318389162 0 X WWW.ONEAZCU.COM X 1951 AZ A FINANCIAL COOPERATIVE PROVIDING MEMBERS WITH FINANCIAL SERVICES. 9 9 636 12 508365 0 0 0 131342726 162522340 37733381 34322830 2171646 2038630 171247753 198883800 592748 915144 24644701 35645786 56057172 60122152 0 0 0 65039503 69785216 146334124 166468298 24913629 32415502 3384527864 3395741193 3163953785 3129261688 220574079 266479505 TO PROVIDE OUR MEMBER-OWNERS WITH RESPONSIVE SERVICE, CONVENIENT ACCESS, CONSUMER EDUCATION, AND VALUE-ADDED FINANCIAL AND RELATED PRODUCTS AND SERVICES, IN A FISCALLY SOUND MANNER. 0 0 THE CREDIT UNION PROVIDES CHECKING AND SAVINGS DEPOSIT ACCOUNTS AS WELL AS CONSUMER, REAL ESTATE AND BUSINESS LOANS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 109335 0 1 636 1 1 1 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 X JENNIFER GRACE 6024524868 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 ED SANCHEZ DIRECTOR 2.00 0.00 X 29000 0 0 GEORGANNA MEYER SECRETARY 2.00 0.00 X X 29000 0 0 JON BORGE CHAIRMAN 2.00 0.00 X X 35000 0 0 MARQUETTA WHITE DIRECTOR 2.00 0.00 X 28000 0 0 MARTHA ROZEN DIRECTOR 2.00 0.00 X 29000 0 0 PEARLETTE RAMOS VICE CHAIRPERSON 2.00 0.00 X X 29000 0 0 RAY O'CONNOR DIRECTOR 2.00 0.00 X X 10500 0 0 RYAN WILLIAMS TREASURER 2.00 0.00 X X 28000 0 0 SAM WHEELER DIRECTOR 2.00 0.00 X 28476 0 0 T PAUL THOMAS DIRECTOR 2.00 0.00 X 18278 0 0 BRANDON MICHAELS CEO/PRESIDENT 40.00 0.00 X 1006890 0 347025 DEBORAH PEARSON EVP STRATEGY & BRAND 40.00 5.00 X 747284 0 7744 KEN BAUER EVP CLO 40.00 0.00 X 521526 0 158359 LAURA WORZELLA EVP COO 40.00 0.00 X 607741 0 186523 MICHAEL BODEN EVP CFO 40.00 1.00 X 593698 0 183695 MICHAEL EMANUELLI EVP CAO 40.00 0.00 X 413477 0 1463 OSMAN ZAFAR ULHAQ EVP CHIEF STRATEGY & GROWTH OFFICER 40.00 0.00 X 420631 0 138957 SANDEEP UTHRA EVP CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 411468 0 41056 BEAM CHIP GRIFFITH SVP RETAIL SALES & OPERATI 40.00 0.00 X 350625 0 75790 BRIAN JOHNSON SVP BUSINESS PLANNING 40.00 0.00 X 250354 0 76866 KRISTEN RENEE SVP REVENUE OPTIMIZATION & 40.00 0.00 X 324680 0 59648 LIZA BUCHANAN SVP MARKETING OPERATIONS 40.00 0.00 X 191288 0 31306 THOMAS MITCHELL SVP WEALTH MANAGEMENT 40.00 0.00 X 447192 0 46812 AUSTIN WILLIAMS MORTGAGE LOAN OFFICER 40.00 0.00 X 272226 0 24166 GREGORY RUSSO MARKET PRESIDENT 40.00 0.00 X 268094 0 30961 JERAME PEARSON ASSISTANT DIRECTOR SPECIAL 40.00 0.00 X 295320 0 30992 MICHAEL SAMMONS WEALTH ADVISOR 40.00 0.00 X 445099 0 66714 TAMMY PAQUETTE WEALTH ADVISOR 40.00 0.00 X 378375 0 52275 RICHARD K REEDY CEO/PRESIDENT 40.00 2.00 X 346553 0 0 8556775 0 1560352 153 1 1 0 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT & DEBIT CARD PROCESSING 7688174 VISA USA INC PO BOX 8999 SAN FRANCISCO CA 94128 CREDIT & DEBIT CARD PROCESSING 3113914 GOOGLE PO BOX 39000 SAN FRANCISCO CA 94139 DIGITAL MARKETING 2889444 LUMIN DIGITAL 3001 BISHOP DR SUITE 110 SAN RAMON CA 94583 ONLINE AND MOBILE BANKING 2734348 BACKBASE 1201 PEACHTREE ST NE BLDG 400 STE ATLANTA GA 30361 BANKING SOFTWARE 1999760 92 INTEREST ON LOANS 522100 124573559 124573559 FEES AND CHARGES 522100 20245494 19737129 508365 INTERCHANGE INCOME 522100 16587699 16587699 GAIN ON SALE OF LOANS 522100 1115588 1115588 162522340 34844968 34844968 1046828 184636 862192 862192 862192 118798588 119288269 32457 -489681 -32457 -522138 -522138 MISCELLANEOUS INCOME 900099 1176438 1176438 1176438 198883800 162013975 508365 36361460 915144 35645786 8259906 41078717 2596360 4757153 3430016 872673 328314 2351949 5301646 2871666 12296193 4981393 970933 749116 4941790 2670538 PROVISION FOR LOAN LOSS 11042122 CREDIT CARD EXPENSES 10921203 LOAN AND BANKING FEES 4755452 ONLINE BANKING EXPENSES 3570390 1159838 166468298 115424497 226835858 3277582 3247535 2121320868 2323405061 6848485 6862127 111128832 46284889 65315436 64843943 978523340 696748163 47271528 28543166 46546128 45255340 3384527864 3395741193 22883805 20030251 180000000 80000000 2961069980 3029231437 3163953785 3129261688 X 0 0 0 0 220574079 266479505 220574079 266479505 3384527864 3395741193 X 32415502 13489951 -27 X 0 1 X 1 0 25545227 25545227 56949559 23879732 33069827 3878694 2596764 1281930 24537811 19808393 4729418 217541 217541 64843943 MEMBERS' SHARE AND SAVINGS ACCOUNTS 3029231437 3029231437 X 199068433 0 199068433 -184633 -184633 198883800 166652934 184636 184636 166468298 0 166468298 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM THE FUNCTIONAL EXPENSE SCHEDULE -184,636. ROUNDING 3. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM THE FUNCTIONAL EXPENSE SCHEDULE 184,636. 1 ONEAZ COMMUNITY FOUNDATION 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 501(C)(3) 391834 0 UNRESTRICTED WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 391143339 501(C)(6) 18755 0 UNRESTRICTED ONE COMMUNITY FOUNDATION PO BOX 17836 PHOENIX AZ 85013 460716958 501(C)(3) 10000 0 UNRESTRICTED STATE EMPLOYEE CHARITABLE CAMPAIGN 100 N 15TH AVE SUITE 401 PHOENIX AZ 85007 866004791 STATE OF ARIZONA 12000 0 UNRESTRICTED FILENE RESEARCH INSTITUTE 1010 EAST WASHINGTON SUITE 306 MADISON WI 53703 391645910 501(C)(3) 62500 0 UNRESTRICTED PEORIA DIAMOND CLUB 16101 N 83RD AVE PEORIA AZ 85382 860753703 501(C)(3) 5500 0 UNRESTRICTED EMPOWERING LATINA LEADERS IN ARIZONA - ELLA 1824 W SELDON WAY PHOENIX AZ 85021 831869816 501(C)(3) 10000 0 UNRESTRICTED FC ARIZONA 5780 W OAKLAND STREET CHANDLER AZ 85226 844387151 501(C)(3) 26250 0 UNRESTRICTED 7 1 PART I, LINE 2: DONATIONS ARE APPROVED BY THE BOARD IN THE ANNUAL BUDGETING PROCESS WITH APPROVED DONATIONS ADMINISTERED AND MONITORED THROUGHOUT THE YEAR BY SENIOR MANAGEMENT. X X X X 1 1 0 BRANDON MICHAELS CEO/PRESIDENT 810247 0 196643 0 0 0 327380 0 19645 0 1353915 0 0 0 LAURA WORZELLA EVP COO 472737 0 135004 0 0 0 168393 0 18130 0 794264 0 0 0 MICHAEL BODEN EVP CFO 448352 0 128107 0 17239 0 161269 0 22426 0 777393 0 0 0 DEBORAH PEARSON EVP STRATEGY & BRAND 6310 0 105840 0 635134 0 5495 0 2249 0 755028 0 320130 0 KEN BAUER EVP CLO 415440 0 106086 0 0 0 136513 0 21846 0 679885 0 0 0 OSMAN ZAFAR ULHAQ EVP CHIEF STRATEGY & GROWTH OFFICER 404635 0 15996 0 0 0 122049 0 16908 0 559588 0 0 0 MICHAEL SAMMONS WEALTH ADVISOR 54557 0 390542 0 0 0 44609 0 22105 0 511813 0 0 0 THOMAS MITCHELL SVP WEALTH MANAGEMENT 238359 0 40517 0 168316 0 45043 0 1769 0 494004 0 168316 0 SANDEEP UTHRA EVP CHIEF TECHNOLOGY OFFICER 402400 0 9068 0 0 0 24173 0 16883 0 452524 0 0 0 TAMMY PAQUETTE WEALTH ADVISOR 37326 0 341049 0 0 0 30671 0 21604 0 430650 0 0 0 BEAM CHIP GRIFFITH SVP RETAIL SALES & OPERATI 280947 0 66507 0 3171 0 54828 0 20962 0 426415 0 0 0 MICHAEL EMANUELLI EVP CAO 43469 0 106295 0 263713 0 963 0 500 0 414940 0 252333 0 KRISTEN RENEE SVP REVENUE OPTIMIZATION & 254936 0 59988 0 9756 0 50532 0 9116 0 384328 0 0 0 RICHARD K REEDY CEO/PRESIDENT 0 0 346553 0 0 0 0 0 0 0 346553 0 0 0 BRIAN JOHNSON SVP BUSINESS PLANNING 197820 0 52534 0 0 0 61559 0 15307 0 327220 0 0 0 JERAME PEARSON ASSISTANT DIRECTOR SPECIAL 155088 0 140232 0 0 0 16782 0 14210 0 326312 0 0 0 GREGORY RUSSO MARKET PRESIDENT 197869 0 62217 0 8008 0 10400 0 20561 0 299055 0 0 0 AUSTIN WILLIAMS MORTGAGE LOAN OFFICER 40593 0 231633 0 0 0 13645 0 10521 0 296392 0 0 0 LIZA BUCHANAN SVP MARKETING OPERATIONS 148006 0 43282 0 0 0 24236 0 7070 0 222594 0 0 0 PART I, LINES 4A-B THE CREDIT UNION HAS A 457F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF MANAGEMENT. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING 2024: MICHAEL EMANUELLI - $252,333 DEBORAH PEARSON - $320,130 THOMAS MITCHELL - $168,316 THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS FROM THIS PLAN DURING 2024: BRANDON MICHAELS - $310,130 MICHAEL BODEN - $144,019 LAURA WORZELLA - $151,143 KEN BAUER - $119,263 OSMAN ZAFAR ULHAQ - $104,799 SANDEEP UTHRA - $6,923 LIZA BUCHANAN - $16,985 BRIAN JOHNSON - $29,951 BEAM CHIP GRIFFITH - $40,938 THOMAS MITCHELL - $32,139 KRISTEN RENEE - $37,615 PART II DEBORAH PEARSON RECIEVED SEVERANCE PAYMENTS OF $315,004.00 DURING 2024. RICHARD REEDY RECEIVED A FINAL INCENTIVE PAYMENT BASED ON 2023'S PERFORMACE OF $346,552.96 DURING 2024. FORM 990, PART VI, SECTION A, LINE 1A THERE IS AN EXECUTIVE COMMITTEE CONSISTING OF THE BOARD CHAIR, VICE-CHAIR, TREASURER AND SECRETARY. FORM 990, PART VI, SECTION A, LINE 3 DAY-TO-DAY OPERATIONS IS DELEGATED TO THE PRESIDENT & CEO FORM 990, PART VI, SECTION A, LINE 6 ONEAZ CREDIT UNION IS OWNED BY THE MEMBERS WHO BANK WITH US. EACH MEMBER HOLDS ONE SHARE SAVINGS ACCOUNT WITH A MINIMUM DEPOSIT OF $5. PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS CONSISTS OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN ONE OF THE FIFTEEN ARIZONA COUNTIES. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD, OR ADOPTIVE RELATIVES OF EITHER OF THEM, AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE NOMIMATED FROM THE GENERAL MEMBERSHIP THROUGH THE FOLLOWING PROCESS: NOTICE OF THE ANNUAL ELECTION IS COMMUNICATED TO EACH MEMBER; INTERESTED MEMBERS SUBMIT AN APPLICATION; A BOARD APPOINTED NOMINATING COMMITTEE SCREENS AND INTERVEIWS CANDIDATES TO RECOMMEND FOR THE BALLOT; ELECTRONIC VOTING IS OPENED TO MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ORGANIZATIONAL ITEMS, SUCH AS CHARTER, MERGER, OR BOARD GOVERNANCE ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FILING OF FORM 990 HAS BEEN DELEGATED TO MANAGEMENT. AS SUCH, INPUTS ARE COMPILED BY ACCOUNTING AND HR STAFF; REVIEWED BY THE EVP CFO & COO AND PROVIDED TO OUR OUTSORCED ACCOUNTING FIRM FOR COMPLETION OF THE FORM 990. PRIOR TO FILING THE FINAL FORM 990, IT IS REVIEWED BY THE EVP CFO & COO AND SHARED WITH THE CEO. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION MONITORS AND ENSURES CONFLICT OF INTEREST COMPLIANCE THROUGH BOTH PREVENTATIVE AND DETECTIVE CONTROLS EMBEDED IN PROCEDURES SUCH AS HUMAN RESOURCES HIRING, THIRD-PARTY VENDOR MANAGEMENT AND LOAN APPLICATIONS AND UNDERWRITING PROCESSES. ANNUALLY A WRITTEN ACKNOWLEDGEMENT BY EACH ASSOCIATE AND VOLUNTEER DOCUMENTING THEIR UNDERSTANDING AND COMPLIANCE WITH THE CODE OF CONDUCT AND BUSINESS ETHICS POLICY IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 WE ENGAGE CREDIT UNION COMPENSATION EXPERTS TO DETERMINE SALARY RANGES AND MARKET PRICING FOR THE PHOENIX AREA FOR ALL EMPLOYEES, INCLUDING THE CEO AND EXECUTIVE OFFICERS. SALARY RANGES ARE REVIEWED EVERY YEAR TO ENSURE MARKET EQUITY IS IN LINE WITH OUR "TOTAL COMPENSATION" PHILOSOPHY. WE ALSO COMPLETE COMPENSATION SURVEYS WITH OTHER COMPENSATION ANALYSTS TO ENSURE A BROADER SAMPLING. THIRD-PARTY AND INDUSTRY EXPERT ANALYSIS AROUND SALARY AND COMPENSATION ARE PROVIDED TO THE BOARD BUDGET COMMITTEE AND THE BOARD COMPENSATION COMMITTEE. THESE TWO BOARD COMMITTEES MAKE RECOMMENDATIONS TO THE FULL BOARD FOR APPROVAL OF ACCEPTING THE RANGES PRESENTED BASED ON THE DATA, ENSURING COMPENSATION IS IN LINE WITH THE MARKET AND THE CREDIT UNION "TOTAL COMPENSATION" PHILOSOPHY. ALL DISCUSSIONS & DECISIONS ARE DOCUMENTED IN MEETING MINUTES. CEO COMPENSATION IS SET AND APPROVED BY THE COMPENSATION COMMITTEE AND BOARD OF DIRECTORS BASED ON THE THIRD-PARTY NATIONAL, REGIONAL AND LOCAL COMPENSATION DATA PROVIDING SALARY RANGES AND OTHER RELATIVE DATA POINTS AROUND TOTAL COMPENSATION AND BENEFITS OVERALL. EXECUTIVE OFFICER COMPENSATION IS DELEGATED FROM THE BOARD OF DIRECTORS TO THE CEO AND IS SET IN CONSULTATION WITH CHIEF ADMINISTRATION OFFICER BASED ON THIRD-PARTY NATIONAL, REGIONAL AND LOCAL COMPENSATION DATA PROVIDING SALARY RANGES AND OTHER RELATIVE DATA POINTS AROUND TOTAL COMPENSATION AND BENEFITS OVERALL AND THE BOARD'S APPROVAL OF THE ANNUAL OPERATING BUDGET. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 REGULATORY FINANCIAL REPORTS PROVIDED BY NCUA.GOV ARE PROVIDED UPON REQUEST. THE CREDIT UNION ALSO POSTS A COPY OF THE MONTHLY STATEMENT OF FINANCIAL CONDITION IN ALL OF THE BRANCHES. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC BRANDON MICHAELS - 23252 N 76TH LN, PEORIA, AZ 85383. BRIAN JOHNSON - 19815 N 78 LANE, GLENDALE, AZ 85308. DEBORAH PEARSON - 1536 W BLAYLOCK DR, PHOENIX, AZ 85085. KEN BAUER - 41512 N CLUB POINTE DRIVE, ANTHEM, AZ 85086. LIZA BUCHANAN - 6254 S VIEW LANE, GILBERT, AZ 85298. MICHAEL EMANUELLI - 767 STANDLEY ROAD, MADISONVILLE, TX 77864. OSMAN ZAFAR ULHAQ - 27693 N 73RD DRIVE, PEORIA, AZ 85383. RICHARD K. REEDY - 42212 N CALEDONIA WAY, ANTHEM, AZ 85086. SANDEEP UTHRA - 28406 N 59TH PLACE, CAVE CREEK, AZ 85331. FORM 990, PART XI, LINE 9: ROUNDING -27. ARIZONA FINANCIAL NETWORK LLC 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 481267437 INSURANCE BROKERAGE AZ 0 2500 ONEAZ CREDIT UNION ONEAZ COMMUNITY FOUNDATION INC 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 PHILANTRROPIC,EDUCATIONAL,CHARITABLE ACTIVITIES AIMED AT AZ COMMUNITIES AZ 501(C)(3) LINE 7 ONEAZ CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 ONEAZ COMMUNITY FOUNDATION INC B 391834 CASH CURQL COLLECTIVE LLC 666 WALNUT ST STE 2260 DES MOINES IA 50309 853502650 IA 0 8534 8460 0 0 0.01000