Form 990 for tax year 2024
Filed by CREDIT UNIONS IN THE STATE OF ARIZONA.
Totals
- Total revenue
- $3,590,854
- Total expenses
- $2,365,275
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,209,748
- Investment income
- $369,846
- Other revenue
- $11,260
- Total assets, end of year
- $67,312,907
- Total liabilities, end of year
- $56,507,752
- Net assets or fund balances, end of year
- $10,805,155
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: MEMBER LOAN INTEREST
total $2,572,288 · related or exempt $2,572,288
-
2b · Program service revenue: VISA CARD
total $394,793 · related or exempt $394,793
-
2c · Program service revenue: ACCOUNT SERVICE FEES
total $214,685 · related or exempt $192,206 · unrelated business $22,479
-
2d · Program service revenue: SERVICE INCOME ON LOAN
total $27,982 · related or exempt $8,566 · unrelated business $19,416
-
3 · Investment income
total $369,846 · related or exempt $369,846
-
11a · Other revenue: MISCELLANEOUS INCOME
total $11,260 · related or exempt $9,910 · unrelated business $1,350
-
11e · Other revenue, total
$11,260
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $118,784
-
7 · Other salaries and wages
total $540,039
-
8 · Pension plan contributions
total $26,392
-
9 · Other employee benefits
total $64,941
-
10 · Payroll taxes
total $48,689
-
11b · Fees: legal
total $37,690
-
11c · Fees: accounting
total $16,400
-
11g · Fees: other
total $10,588
-
12 · Advertising and promotion
total $18,856
-
13 · Office expenses
total $243,031
-
14 · Information technology
total $57,822
-
16 · Occupancy
total $96,024
-
17 · Travel
total $20,232
-
19 · Conferences, conventions and meetings
total $741
-
20 · Interest
total $531,859
-
22 · Depreciation, depletion and amortization
total $158,902
-
24a · Other expenses: DUES & FEES EXPENSE
total $254,889
-
24b · Other expenses: LOAN SERVICE EXPENSE
total $96,210
-
24c · Other expenses: MISCELLANEOUS
total $23,186
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $692,908 · end of year $1,114,209
-
2 · Savings and temporary cash investments
beginning of year $10,990,880 · end of year $14,019,886
-
7 · Other notes and loans receivable
beginning of year $42,743,933 · end of year $45,949,883
-
9 · Prepaid expenses and deferred charges
beginning of year $97,514 · end of year $77,091
-
10a · Land, buildings and equipment: cost or other basis
$6,309,570
-
10b · Land, buildings and equipment: accumulated depreciation
$841,023
-
10c · Land, buildings and equipment, net
beginning of year $476,032 · end of year $5,468,547
-
15 · Other assets
beginning of year $3,649,570 · end of year $683,291
-
17 · Accounts payable and accrued expenses
beginning of year $37,636 · end of year $56,605
-
25 · Other liabilities
beginning of year $49,033,625 · end of year $56,451,147
-
29 · Capital stock, trust principal or current funds
beginning of year $376,556 · end of year $376,556
-
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 $9,203,020 · end of year $10,428,599
Mission and programs · 2024
Mission
THE CREDIT UNION WAS ESTABLISHED TO PROMOTE THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
Activities or mission (Part I)
TO PROMOTE THRIFT AND SAVINGS AMONG ITS MEMBERS.
-
THE CREDIT UNION CURRENTLY MAINTAINS 11,703 ACCOUNTS AND SERVES ITS MEMBERSHIP BY HOLDING DEPOSITS FOR AND MAKING LOANS TO ITS 5,650 MEMBERS DURING THE YEAR.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shelley ThompsonSHELLEY THOMPSON
CEO/GENERAL MANAGER
- Total calculated
- $118,784
- From this org
- $106,214
- From related orgs
- $0
- Other
- $12,570
- Hours/week
- 40
-
Troy JuddTROY JUDD
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 4.5
-
Betsy AjemanBETSY AJEMAN
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Betty PetersonBETTY PETERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 6
-
Nancy WelchNANCY WELCH
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Kathy MorenoKATHY MORENO
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Lorie MoremanLORIE MOREMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
Dan DouglasDAN DOUGLAS
MEMBER
- Total calculated
- $0
- Hours/week
- 3
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
- 2024
- Filed
- 25 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532099349300048
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