Deer Valley Credit Union
- Assets
- $248.4m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 69
- Location
- Phoenix, AZ
- Founding
- 10/1970
- Data as of
- 12/2018
- 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.
For the year ending 12/2018, Deer Valley Credit Union generated $11.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $10.9m during the year ending 12/2018. While expenses have increased by 9.4% per year over the past 4 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
2018
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 |
|---|---|---|---|
Robert Scott CEO | Officer | 40 | $259,825 |
Janet Burgett Evp/coo | Officer | 40 | $136,963 |
Gregory Albano Svp/cio | Officer | 40 | $108,151 |
Fran Burazin CFO | Officer | 40 | $83,396 |
Mark Trumpp VP Marketing | Officer | 40 | $80,090 |
Roger Zollinger Chairman | 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $539,811 |
| 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 | $11,691,961 |
| Statement of Expenses | |
|---|---|
| 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. | $929,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,042,329 |
| Pension plan accruals and contributions | $153,442 |
| Other employee benefits | $630,251 |
| Payroll taxes | $315,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,807 |
| Fees for services: Accounting | $48,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300,959 |
| Office expenses | $130,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $589,844 |
| Travel | $127,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $539,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $573,109 |
| Insurance | $49,478 |
| All other expenses | $0 |
| Total functional expenses | $10,863,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,176,305 |
| 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 | $181,478,183 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $36,312,115 |
| Intangible assets | $0 |
| Other assets | $3,745,575 |
| Total assets | $248,381,939 |
| Accounts payable and accrued expenses | $2,345,208 |
| 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 | $225,034,431 |
| Total liabilities | $227,379,639 |
| 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 |
| Total liabilities and net assets/fund balances | $21,002,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Deer Valley Credit Union has recieved totaling $20,950.
| Awarding Organization | Amount |
|---|---|
Mountain West Credit Union Foundation Denver, CO PURPOSE: PROVIDE LENDING PRODUCTS TO LOW-INCOME & UNDERSERVED MEMBERS | $20,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Fire Credit Union San Francisco, CA | $1,733,829,261 | $55,402,558 |
San Mateo Credit Union Redwood City, CA | $1,651,880,221 | $59,342,431 |
Credit Unions In The State Of California Westminster, CA | $1,978,868,694 | $57,183,235 |
Credit Unions In The State Of California Eureka, CA | $2,147,688,324 | $57,226,931 |
Credit Unions In The State Of California Yuba City, CA | $1,450,440,549 | $51,784,136 |
Pacific Service Credit Union Concord, CA | $1,408,244,390 | $45,146,351 |
Credit Unions In The State Of San Diego, CA | $1,264,438,336 | $40,598,480 |
Credit Unions In State Of Arizona Glendale, AZ | $1,059,321,576 | $47,143,966 |
Credit Unions In The State Of California Stockton, CA | $0 | $14,416,859 |
1st United Services Credit Union Pleasanton, CA | $1,288,886,913 | $40,373,728 |
The Police Credit Union Of California San Bruno, CA | $1,147,295,008 | $39,832,693 |
Silver State Schools Credit Union Las Vegas, NV | $1,130,843,063 | $44,363,932 |