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Nonprofiteer
← AZURA CREDIT UNION

Form 990 for tax year 2022

Filed by AZURA CREDIT UNION.

Totals

Total revenue
$38,277,046
Total expenses
$30,347,956
Contributions and grants received
$0
Grants paid
$150,310
Program service revenue
$36,099,519
Investment income
$2,122,896
Other revenue
$54,631
Total assets, end of year
$740,352,514
Total liabilities, end of year
$661,869,595
Net assets or fund balances, end of year
$78,482,919
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: INTEREST ON LOANS

    total $24,666,194 · related or exempt $24,666,194

  • 2b · Program service revenue: FEES & OTHER INCOME

    total $11,375,833 · related or exempt $11,287,603 · unrelated business $88,230

  • 2c · Program service revenue: WARRANTY SALES & OTHER INSURANCE

    total $57,492 · unrelated business $57,492

  • 3 · Investment income

    total $2,246,765 · related or exempt $2,246,765

  • 5 · Royalties

    total $54,631 · related or exempt $54,631

  • 7a · Gross sales of assets other than inventory

    securities $11,691,709

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

    securities $11,815,578

  • 7c · Gain or loss

    securities -$123,869

  • 7d · Net gain or loss

    total -$123,869 · related or exempt -$123,869

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,617

  • 2 · Grants to domestic individuals

    total $19,693

  • 5 · Compensation of officers, directors and key employees

    total $1,442,116

  • 7 · Other salaries and wages

    total $8,431,585

  • 8 · Pension plan contributions

    total $473,148

  • 9 · Other employee benefits

    total $914,486

  • 10 · Payroll taxes

    total $710,200

  • 11b · Fees: legal

    total $23,005

  • 11c · Fees: accounting

    total $186,654

  • 11f · Fees: investment management

    total $6,780

  • 11g · Fees: other

    total $471,216

  • 12 · Advertising and promotion

    total $1,111,358

  • 13 · Office expenses

    total $3,979,622

  • 14 · Information technology

    total $2,224,475

  • 16 · Occupancy

    total $857,835

  • 17 · Travel

    total $25,808

  • 19 · Conferences, conventions and meetings

    total $238,785

  • 20 · Interest

    total $335,283

  • 22 · Depreciation, depletion and amortization

    total $868,160

  • 23 · Insurance

    total $137,290

  • 24a · Other expenses: MEMBER DIVIDENDS

    total $4,019,121

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $2,237,672

  • 24c · Other expenses: LOAN SERVICING

    total $1,347,743

  • 24d · Other expenses: ASSOCIATION DUES

    total $82,308

  • 24e · All other expenses

    total $72,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,067,894 · end of year $9,832,287

  • 2 · Savings and temporary cash investments

    beginning of year $52,530,586 · end of year $20,934,743

  • 4 · Accounts receivable

    beginning of year $1,456,906 · end of year $1,503,604

  • 5 · Loans and receivables from officers and key people

    beginning of year $4,067,776 · end of year $5,807,934

  • 7 · Other notes and loans receivable

    beginning of year $454,466,954 · end of year $550,785,959

  • 9 · Prepaid expenses and deferred charges

    beginning of year $839,286 · end of year $762,007

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

    $21,682,124

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

    $7,126,871

  • 10c · Land, buildings and equipment, net

    beginning of year $11,189,153 · end of year $14,555,253

  • 12 · Investments: other securities

    beginning of year $138,110,519 · end of year $120,498,961

  • 15 · Other assets

    beginning of year $15,974,269 · end of year $15,671,766

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,999,359 · end of year $8,308,712

  • 23 · Secured mortgages and notes payable

    end of year $24,629,083

  • 25 · Other liabilities

    beginning of year $603,697,460 · end of year $628,931,800

  • 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 $73,006,524 · end of year $78,482,919

Mission and programs · 2022

Mission

AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE THROUGH PERSONAL AND COMMUNITY ENGAGEMENT.

Activities or mission (Part I)

AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE.

  • PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 60,589 MEMBERS.

  • PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 36,699 LOANS OUTSTANDING TOTALING $554,229,555.

  • PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $4,019,121 FOR THE YEAR.

As filed on the 2022 return.

Listed in Part VII

  • BRAD DEITER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JIM FROWNFELTER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • SHIRLEY MARTIN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MARCIA DECHAND

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROBERT BALSTERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TINA FREESE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN MCINTOSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RANDY PACHOSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRYAN VARGAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GREG WINKLER

    PRESIDENT/CEO

    Total calculated
    $380,261
    From this org
    $328,204
    From related orgs
    $0
    Other
    $52,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,412
    Bonus
    $7,540
    Other
    $252
    Deferred
    $30,500
    Nontaxable benefits
    $21,557
    Filer's total
    $380,261

  • LISA BROWN

    SVP-ADMINISTRATION/CAO

    Total calculated
    $212,101
    From this org
    $183,643
    From related orgs
    $0
    Other
    $28,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,915
    Bonus
    $5,476
    Other
    $252
    Deferred
    $17,574
    Nontaxable benefits
    $10,884
    Filer's total
    $212,101

  • BRENTT MOON

    SVP-OPERATIONS & SYSTEMS/CIO

    Total calculated
    $217,491
    From this org
    $179,431
    From related orgs
    $0
    Other
    $38,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,567
    Bonus
    $5,612
    Other
    $252
    Deferred
    $18,431
    Nontaxable benefits
    $19,629
    Filer's total
    $217,491

  • SHERYL DICK

    SVP-RETAIL SERVICES/CRO

    Total calculated
    $202,618
    From this org
    $167,732
    From related orgs
    $0
    Other
    $34,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,084
    Bonus
    $2,396
    Other
    $252
    Deferred
    $14,155
    Nontaxable benefits
    $20,731
    Filer's total
    $202,618

  • DAVID LINDERMAN

    SVP-FINANCE & ACCOUNTING

    Total calculated
    $150,896
    From this org
    $131,277
    From related orgs
    $0
    Other
    $19,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,369
    Bonus
    $4,656
    Other
    $252
    Deferred
    $10,219
    Nontaxable benefits
    $9,400
    Filer's total
    $150,896

  • JENNIFER KEIM

    SVP-COMPLIANCE

    Total calculated
    $141,925
    From this org
    $120,540
    From related orgs
    $0
    Other
    $21,385
    Hours/week
    40

  • HANNAH ANDERSON

    SVP-LENDING

    Total calculated
    $136,824
    From this org
    $120,447
    From related orgs
    $0
    Other
    $16,377
    Hours/week
    40

  • MARY MUNGER

    VP-MEMBER EXPERIENCE

    Total calculated
    $150,692
    From this org
    $126,029
    From related orgs
    $0
    Other
    $24,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,996
    Bonus
    $4,781
    Other
    $252
    Deferred
    $12,514
    Nontaxable benefits
    $12,149
    Filer's total
    $150,692

  • KURTIS SCOTT

    VP-DIGITAL SERVICES

    Total calculated
    $142,618
    From this org
    $115,011
    From related orgs
    $0
    Other
    $27,607
    Hours/week
    40

  • ALLYSON SHOVE-CHARD

    VP-MARKETING

    Total calculated
    $133,741
    From this org
    $117,585
    From related orgs
    $0
    Other
    $16,156
    Hours/week
    40

  • COURTNEY STILLINGS

    VP-RISK MANAGEMENT

    Total calculated
    $123,445
    From this org
    $107,383
    From related orgs
    $0
    Other
    $16,062
    Hours/week
    40

  • EVAN BOUNOUS

    VP-INFORMATION SECURITY & TECHNOLOGY

    Total calculated
    $157,606
    From this org
    $129,216
    From related orgs
    $0
    Other
    $28,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,958
    Bonus
    $25,055
    Other
    $203
    Deferred
    $11,777
    Nontaxable benefits
    $16,613
    Filer's total
    $157,606

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT/CEO'S COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, APPROVED BY THE FULL BOARD AND IS PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT. MANY EXTERNAL SOURCES FOR COMPARISON ARE REVIEWED, INCLUDING BUT NOT LIMITED TO COMPEASE SALARY SURVEYS, OTHER CREDIT UNION 990S, PEER SALARY DATA WHERE AVAILABLE, AND PREVIOUS YEAR'S COMPENSATION DATA.
PART I, LINE 4B
THE CREDIT UNION HAS COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS WITH THE FOLLOWING OFFICERS: - GREG WINKLER, PRESIDENT/CEO - LISA BROWN, SVP-ADMINISTRATION/CAO - BRENTT MOON, SVP-OPERATIONS & INFORMATION SYSTEMS/CIO - SHERYL DICK, SVP-RETAIL SERVICES/CRO SEE SCHEDULE L FOR FURTHER DETAILS, INCLUDING THE RELATED LOANS OUTSTANDING AT DECEMBER 31, 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • CROCO CUSO LLC

    CREDIT UNION SERVICE ORGANIZATION (DORMANT) · KS · income $0 · assets $1,005

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202312969349301136

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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