Deer Valley Credit Union
- Assets
- $210.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Phoenix, AZ
- Founding
- 10/1970
- Data as of
- 12/2015
- EIN
- 23-7124924
Organization Overview
Deer Valley Credit Union is located in Phoenix, AZ. The organization was established in 1970. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2015, Deer Valley Credit Union employed 69 individuals. Deer Valley Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Zollinger Chairman | Trustee | 1 | $0 |
Edward Frick Secretary | Trustee | 1 | $0 |
Frank Martinson Director | Trustee | 1 | $0 |
Greg Miller Director | Trustee | 1 | $0 |
Doug Lapedes Director | Trustee | 1 | $0 |
Steve Wolfe Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dh Core Processing System | 12/30/15 | $370,599 |
Fis Hosted System It Support | 12/30/15 | $309,578 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,709,636 |
| Investment income | $940,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,639,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $699,429 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,487,722 |
| Pension plan accruals and contributions | $98,000 |
| Other employee benefits | $194,354 |
| Payroll taxes | $225,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,538 |
| Fees for services: Accounting | $59,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,352,207 |
| Advertising and promotion | $116,644 |
| Office expenses | $226,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $402,551 |
| Travel | $63,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $282,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $457,467 |
| Insurance | $50,421 |
| All other expenses | $0 |
| Total functional expenses | $7,590,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,459,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,661,666 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,252,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $53,992,545 |
| Intangible assets | $0 |
| Other assets | $7,107,074 |
| Total assets | $210,473,126 |
| Accounts payable and accrued expenses | $1,989,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,001,883 |
| Total liabilities | $191,991,768 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $18,481,358 |