Credit Unions In The State Of Arizona 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 12/2021, Credit Unions In The State Of Arizona employed 20 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Arizona 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 12/2021, Credit Unions In The State Of Arizona generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE THRIFT AMONG CREDIT UNION MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR RATE OF INTEREST, AND PROVIDE OPPORTUNITY FOR MEMBERS TO IMPROVE THEIR ECONOMIC CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OUR MEMBERS WITH SOUND FINANCIAL SERVICES AND EDUCATION TO HELP THEM UNDERSTAND AND ACHIEVE FINANCIAL STABILITY AND SECURITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward Moraga President/ceo | Officer | 50 | $92,308 |
John Durbin Secretary | OfficerTrustee | 1 | $0 |
C Roger Simpson Treasurer | OfficerTrustee | 1 | $0 |
Jesse Linderman Chairman | OfficerTrustee | 2 | $0 |
Carlos Guiterrez Vice-Chairman | OfficerTrustee | 1 | $0 |
Deborah Hallahan Director | Trustee | 1 | $0 |
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 | $1,975,985 |
Investment income | $48,932 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,024,917 |
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. | $92,308 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $572,450 |
Pension plan accruals and contributions | $24,401 |
Other employee benefits | $52,117 |
Payroll taxes | $54,952 |
Fees for services: Management | $0 |
Fees for services: Legal | $325 |
Fees for services: Accounting | $259,639 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $17,195 |
Office expenses | $484,362 |
Information technology | $4,290 |
Royalties | $0 |
Occupancy | $103,241 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $14,759 |
Interest | $67,153 |
Payments to affiliates | $12,019 |
Depreciation, depletion, and amortization | $20,149 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,850,112 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $531,140 |
Savings and temporary cash investments | $14,086,460 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,536,955 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $50,600 |
Net Land, buildings, and equipment | $1,161,000 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $396,884 |
Total assets | $33,763,039 |
Accounts payable and accrued expenses | $315,012 |
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 | $31,379,697 |
Total liabilities | $31,694,709 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $2,068,330 |
Total liabilities and net assets/fund balances | $33,763,039 |
Organization Name | Assets | Revenue |
---|---|---|
Credit Unions In The State Of California San Jose, CA | $681,759,070 | $22,054,983 |
Credit Unions In The State Of California Glendora, CA | $610,952,696 | $24,733,288 |
Sooper Credit Union Arvada, CO | $541,418,878 | $25,522,076 |
Partner Colorado Credit Union Arvada, CO | $575,170,940 | $26,663,634 |
Sacramento Credit Union Sacramento, CA | $686,832,962 | $22,206,265 |
Safeamerica Credit Union Pleasanton, CA | $545,562,610 | $20,698,342 |
Wheelhouse Credit Union San Diego, CA | $389,094,591 | $17,122,868 |
1st Northern California Credit Union Martinez, CA | $878,372,297 | $16,635,726 |
Premierone Credit Union San Jose, CA | $564,442,079 | $17,632,094 |
Red Rocks Credit Union Littleton, CO | $358,530,092 | $14,106,899 |
Eagle Community Credit Union Lake Forest, CA | $329,547,938 | $17,550,263 |
Credit Unions Chartered In The State Of Utah Salt Lake City, UT | $951,799,319 | $26,688,860 |