Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $63,364,331 · related or exempt $63,364,331

• 2b · Program service revenue: FEES AND CHARGES

  total $17,918,974 · related or exempt $17,462,268 · unrelated business $456,706

• 2c · Program service revenue: INTERCHANGE INCOME

  total $16,272,132 · related or exempt $16,272,132

• 2d · Program service revenue: GAIN ON SALE OF LOANS

  total $3,949,814 · related or exempt $3,949,814

• 3 · Investment income

  total $21,901,441 · excluded $21,901,441

• 6a · Gross rents

  real property $875,362

• 6b · Less rental expenses

  real property $23,110

• 6c · Rental income or loss

  real property $852,252

• 6d · Net rental income or loss

  total $852,252 · excluded $852,252

• 7a · Gross sales of assets other than inventory

  securities $114,358,905

• 7b · Less cost or other basis and sales expenses

  securities $115,542,879 · other assets $7,106

• 7c · Gain or loss

  securities -$1,183,974 · other assets -$7,106

• 7d · Net gain or loss

  total -$1,191,080 · excluded -$1,191,080

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $4,121,568 · excluded $4,121,568

• 11e · Other revenue, total

  $4,121,568

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $764,440

• 4 · Benefits paid to or for members

  total $4,165,387

• 5 · Compensation of officers, directors and key employees

  total $5,983,892

• 7 · Other salaries and wages

  total $37,141,495

• 8 · Pension plan contributions

  total $8,427,940

• 9 · Other employee benefits

  total $4,096,781

• 10 · Payroll taxes

  total $2,898,315

• 11b · Fees: legal

  total $382,510

• 11c · Fees: accounting

  total $196,653

• 11g · Fees: other

  total $2,042,803

• 12 · Advertising and promotion

  total $5,939,170

• 13 · Office expenses

  total $2,654,139

• 14 · Information technology

  total $9,270,944

• 16 · Occupancy

  total $4,924,495

• 17 · Travel

  total $1,018,585

• 19 · Conferences, conventions and meetings

  total $906,396

• 20 · Interest

  total $926,097

• 22 · Depreciation, depletion and amortization

  total $2,675,002

• 24a · Other expenses: CREDIT CARD EXPENSES

  total $8,741,640

• 24b · Other expenses: LOAN AND BANKING FEES

  total $5,239,989

• 24c · Other expenses: ONLINE BANKING EXPENSES

  total $2,619,304

• 24d · Other expenses: ATM EXPENSES

  total $969,186

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $145,363,668 · end of year $79,078,500

• 2 · Savings and temporary cash investments

  beginning of year $53,500,000

• 4 · Accounts receivable

  beginning of year $4,185,585 · end of year $2,716,098

• 7 · Other notes and loans receivable

  beginning of year $1,445,863,085 · end of year $1,883,612,899

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,102,753 · end of year $8,255,028

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

  $109,388,138

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

  $41,848,143

• 10c · Land, buildings and equipment, net

  beginning of year $66,211,865 · end of year $67,539,995

• 11 · Investments: publicly traded securities

  beginning of year $1,236,815,152 · end of year $1,143,243,392

• 12 · Investments: other securities

  beginning of year $41,521,257 · end of year $42,991,027

• 15 · Other assets

  beginning of year $41,516,940 · end of year $43,214,561

• 17 · Accounts payable and accrued expenses

  beginning of year $15,441,454 · end of year $18,766,146

• 23 · Secured mortgages and notes payable

  end of year $100,000,000

• 25 · Other liabilities

  beginning of year $2,800,508,312 · end of year $2,966,456,702

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $227,130,539 · end of year $185,428,652

The filer's explanations (Part III)

PART I, LINE 4B

THE CREDIT UNION HAS A 457F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF MANAGEMENT. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING 2022: RICHARD K. REEDY - $468,307 DEBORAH PEARSON - $152,842 THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS FROM THIS PLAN DURING 2022: RICHARD K. REEDY - $270,976 MICHAEL EMANUELLI - $100,637 MICHAEL BODEN - $120,469 DEBORAH PEARSON - $98,374 LAURA WORZELLA - $119,435 KEN BAUER - $102,822 SASSAN AZHADI - $37,702 BRIAN JOHNSON - $27,567 THOMAS MITCHELL - $28,940 KRISTEN RENEE - $16,813

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ARIZONA FINANCIAL NETWORK LLC

  INSURANCE BROKERAGE · AZ · income $0 · assets $2,500

  Directly controlled by ONEAZ CREDIT UNION