Arizona Central Credit Union

Organization Overview

Arizona Central 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 12/2019, Arizona Central Credit Union employed 239 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Arizona Central Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Arizona Central Credit Union generated $38.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $31.7m during the year ending 12/2019. While expenses have increased by 2.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 THAT ARE BOTH PAPER (CHECK) AND ELECTRONICALLY (WEB, MOBILE, CARD SERVICES) BASED. IT ALSO PROVIDES SAVING AND CERTIFICATE OF DEPOSIT ACCOUNTS. IN ADDITION, IT PROVIDES CONSUMER LOANS AND BUSINESS LOANS OVER A PORTFOLIO OF PRODUCTS, ALL OF WHICH ARE FOR EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Pearson
CEO
$377,367
Gregory Harden
CFO
$202,077
Lisa Wilmot
Dir. Mortgage Operations
$173,194
Justin Whitesides
SVP Chief Administrative O
$172,881
Janet Moodie
SVP COO
$172,679
Steve Tustin
Sr. Mortgage Loan Originator
$151,473

Outside Vendors & Contractors

Vendor Name (Service)Compensation
2020 Central Spe
Communications
$881,704
Fiserv
System Support
$613,904
Dbsi
Construction
$964,161
Acker Advertisement
Advertising
$335,929
Centurylink
Phone/internet Services
$301,340
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$28,171,166
Investment income $1,178,510
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $343,855
Net Gain/Loss on Asset Sales $4,850,133
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,794,390

Peer Organizations

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