Truwest Credit Union

Organization Overview

Truwest Credit Union is located in Tempe, 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 12/2020, Truwest Credit Union employed 300 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Truwest 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 12/2020, Truwest Credit Union generated $70.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $58.7m during the year ending 12/2020. While expenses have increased by 4.5% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION PROVIDES ITS MEMBER-OWNERS LOW COST FINANCIAL SERVICES INCLUDING FINANCIAL PLANNING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncr Corporation
Online Banking & Atm Maintenance
$1,904,444
Fiserv
Core Processing System
$861,184
Visa Usa Inc
Credit & Debit Card Services
$1,688,070
Advantage Credit Incorporated
Credit Reporting
$235,043
Business Data Inc
Document Production
$497,463
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$64,474,288
Investment income $2,327,230
Tax Exempt Bond Proceeds $0
Royalties $52,555
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,129,392
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $69,985,415

Grants Awarded

Over the last fiscal year, Truwest Credit Union has awarded $140,874 in support to 6 organizations.

Grant RecipientAmount

PHOENIX CHILDREN'S HOSPITAL

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: UNRESTRICTED

$55,500

MARICOPA COMMUNITY COLLEGES FOUNDATION

Org PageRecipient Profile

Tempe, AZ

PURPOSE: UNRESTRICTED

$32,600

AMERICAN LUNG ASSOCIATION

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: UNRESTRICTED

$23,710

DELL CHILDREN'S MEDICAL CENTER

Org PageRecipient Profile

St Louis, MO

PURPOSE: UNRESTRICTED

$12,500

AMERICAN LUNG ASSOCIATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: UNRESTRICTED

$9,210

MOUNTAIN WEST CREDIT UNION ASSOCIATION

Org PageRecipient Profile

Denver, CO

PURPOSE: UNRESTRICTED

$7,354
View Grant Profile

Peer Organizations

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