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← CREDIT UNIONS IN THE STATE OF ARIZONA

Form 990 for tax year 2022

Filed by CREDIT UNIONS IN THE STATE OF ARIZONA.

Totals

Total revenue
$547,655
Total expenses
$374,105
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$463,856
Investment income
$58,904
Other revenue
$24,895
Total assets, end of year
$16,738,407
Total liabilities, end of year
$15,484,294
Net assets or fund balances, end of year
$1,254,113
Program services expenses (Part IX)
$374,105
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $427,198 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE INCOME

    total $36,658 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $58,904 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISC REVENUE

    total $24,895 · related or exempt $24,895 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $24,895

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $28,470 · program services $28,470 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $140,626 · program services $140,626 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $3,401 · program services $3,401 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $13,652 · program services $13,652 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $26,644 · program services $26,644 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,905 · program services $1,905 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $34,844 · program services $34,844 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $51,984 · program services $51,984 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $11,704 · program services $11,704 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $387 · program services $387 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,471 · program services $3,471 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $8,692 · program services $8,692 · management and general $0 · fundraising $0

  • 24a · Other expenses: ACH FEES

    total $30,378 · program services $30,378 · management and general $0 · fundraising $0

  • 24b · Other expenses: LOAN LOSS PROV

    total $12,875 · program services $12,875 · management and general $0 · fundraising $0

  • 24c · Other expenses: ATM LOSS

    total $241 · program services $241 · management and general $0 · fundraising $0

  • 24d · Other expenses: LOAN SERVICING

    total $3,927 · program services $3,927 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $904 · program services $904 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $614,572 · end of year $267,139

  • 2 · Savings and temporary cash investments

    beginning of year $9,516,785 · end of year $6,530,404

  • 5 · Loans and receivables from officers and key people

    beginning of year $27,864 · end of year $68,573

  • 7 · Other notes and loans receivable

    beginning of year $6,819,915 · end of year $9,630,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $170,051 · end of year $169,675

  • 10a · Land, buildings and equipment: cost or other basis

    $281,630

  • 10b · Land, buildings and equipment: accumulated depreciation

    $247,695

  • 10c · Land, buildings and equipment, net

    beginning of year $37,405 · end of year $33,935

  • 15 · Other assets

    beginning of year $32,604 · end of year $37,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,358 · end of year $10,966

  • 25 · Other liabilities

    beginning of year $16,132,275 · end of year $15,473,328

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,080,563 · end of year $1,254,113

Mission and programs · 2022

Mission

TO ENCOURAGE THRIFT AMONG CREDIT UNION MEMBERS, CREATE A SOURCE OF CREDIT AT A COMPETITIVE RATE, AND TO PROVIDE AN OPPORTUNITY FOR MEMBERS TO IMPROVER THEIR OVERALL ECONOMIC CONDITION

  • PROVIDE SAVINGS AND LOAN SERVICES TO ITS MEMBERS

As filed on the 2022 return.

Listed in Part VII

  • Mary Smith

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Marsha Childers

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Hartnett

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marilee Ervian

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Helen Butler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Armstrong

    MANAGER/CEO

    Total calculated
    $28,470
    From this org
    $28,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2023
IRS schema version
2022v5.0
Source object
202331239349302143

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