Credit Unions In The State Of Arizonia is located in Casa Grande, 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 Arizonia employed 40 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Arizonia 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 Arizonia generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. 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
A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICE TO ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST AMERICAN CREDIT UNION IS A NON-PROFIT COOPERATIVE FULLY OWNED BY APPROXIMATELY 12,300 MEMBERS. THE CREDIT UNION PROVIDES A VARIETY OF BANKING SERVICES, SUCH AS CONSUMER LENDING, BILL PAYMENT, MOBILE/HOME BANKING, DEPOSIT/TRANSACTIONAL ACCOUNTS, IRA ACCOUNTS, DEBIT/CREDIT CARD SERVICES, ATM AND OTHER FINANCIAL SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frank Mesquita CFO | Officer | 40 | $75,500 |
Phil Peters President & CEO | Officer | 40 | $73,500 |
Jr Mcevoy Chair | OfficerTrustee | 1 | $0 |
Cliff Kinser Vice-Chair | OfficerTrustee | 1 | $0 |
Sylvia Mejia Treasurer | OfficerTrustee | 1 | $0 |
Janice Weaver Secretary | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Pscu Debit And Credit Card Processing | 12/30/21 | $1,219,250 |
Techpro Llc Atm Services | 12/30/21 | $187,061 |
Cuprodigy Llc Core Computer System | 12/30/21 | $170,323 |
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 | $4,212,481 |
Investment income | $209,888 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$3,592 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,418,777 |
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 | $116,266 |
Compensation of current officers, directors, key employees. | $162,997 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,330,739 |
Pension plan accruals and contributions | -$23,928 |
Other employee benefits | $171,351 |
Payroll taxes | $120,114 |
Fees for services: Management | $0 |
Fees for services: Legal | $22,226 |
Fees for services: Accounting | $40,022 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $60,645 |
Advertising and promotion | $20,144 |
Office expenses | $258,549 |
Information technology | $268,673 |
Royalties | $0 |
Occupancy | $287,762 |
Travel | $2,779 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $859 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $127,232 |
Insurance | $44,288 |
All other expenses | $0 |
Total functional expenses | $4,122,057 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,766,889 |
Savings and temporary cash investments | $37,366,187 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $60,058 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $37,702,940 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $109,096 |
Net Land, buildings, and equipment | $961,243 |
Investments—publicly traded securities | $6,412,534 |
Investments—other securities | $9,671,509 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,553,903 |
Total assets | $109,604,359 |
Accounts payable and accrued expenses | $1,332,908 |
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 | $101,648,183 |
Total liabilities | $102,981,091 |
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 | $6,623,268 |
Total liabilities and net assets/fund balances | $109,604,359 |
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 |