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Nonprofiteer
← CREDIT UNIONS IN THE STATE OF ARIZONA

Form 990 for tax year 2023

Filed by CREDIT UNIONS IN THE STATE OF ARIZONA.

Totals

Total revenue
$13,305,523
Total expenses
$10,755,218
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,563,532
Investment income
$1,724,701
Other revenue
$17,290
Total assets, end of year
$238,260,303
Total liabilities, end of year
$3,374,423
Net assets or fund balances, end of year
$234,885,880
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: LOAN INCOME

    total $8,921,745 · related or exempt $8,921,745

  • 2b · Program service revenue: FINANCIAL SERVICES INC

    total $424,665 · related or exempt $424,665

  • 2c · Program service revenue: FEE INCOME

    total $2,070,291 · related or exempt $2,070,291

  • 2d · Program service revenue: MORTGAGE INCOME

    total $13,631 · related or exempt $13,631

  • 2e · Program service revenue: OTHER OPERATING INCOME

    total $133,200 · related or exempt $133,200

  • 3 · Investment income

    total $1,724,701 · related or exempt $1,724,701

  • 6a · Gross rents

    personal property $17,290

  • 6c · Rental income or loss

    personal property $17,290

  • 6d · Net rental income or loss

    total $17,290 · related or exempt $17,290

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,640,215

  • 8 · Pension plan contributions

    total $90,865

  • 9 · Other employee benefits

    total $1,080,998

  • 10 · Payroll taxes

    total $286,985

  • 11b · Fees: legal

    total $2,638

  • 11c · Fees: accounting

    total $34,857

  • 12 · Advertising and promotion

    total $406,862

  • 13 · Office expenses

    total $963,384

  • 14 · Information technology

    total $1,058,449

  • 16 · Occupancy

    total $431,967

  • 17 · Travel

    total $16,845

  • 20 · Interest

    total $1,087,291

  • 22 · Depreciation, depletion and amortization

    total $244,602

  • 23 · Insurance

    total $65,769

  • 24a · Other expenses: LOAN SERVICING

    total $376,595 · program services $376,595

  • 24b · Other expenses: LOAN LOSS EXPENSE

    total $651,300 · program services $651,300

  • 24c · Other expenses: ASSOCIATION DUES

    total $38,153 · program services $38,153

  • 24d · Other expenses: MISCELLANEOUS

    total $277,443 · program services $277,443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,291,448 · end of year $1,183,390

  • 4 · Accounts receivable

    beginning of year $845,517 · end of year $848,855

  • 7 · Other notes and loans receivable

    beginning of year $163,737,166 · end of year $173,884,073

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,617 · end of year $182,896

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

    $11,789,302

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

    $6,313,461

  • 10c · Land, buildings and equipment, net

    beginning of year $5,665,450 · end of year $5,475,841

  • 12 · Investments: other securities

    beginning of year $80,527,705 · end of year $55,673,126

  • 15 · Other assets

    beginning of year $847,571 · end of year $1,012,122

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,715,660 · end of year $3,374,423

  • 29 · Capital stock, trust principal or current funds

    beginning of year $232,278,539 · end of year $215,230,266

  • 31 · Retained earnings, endowment or other funds

    beginning of year $17,118,275 · end of year $19,655,614

Mission and programs · 2023

Mission

LANDINGS CREDIT UNION IS A COOPERATIVE, NON-PROFIT ASSOCIATION WHICH IS INCORPORATED WITH THE PROVISIONS OF THE ARIZONA STATUTES AND REGULATIONS, FOR THE PURPOSE OF PROVIDING FINANCIAL AND RELATED SERVICES TO ITS MEMBERS.

  • PROVIDE FINANCIAL SERVICES TO SHAREHOLDERS

As filed on the 2023 return.

Listed in Part VII

  • BRIAN LEE

    PRESIDENTCEO

    Total calculated
    $287,848
    From this org
    $231,200
    From related orgs
    $0
    Other
    $56,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,000
    Bonus
    $13,054
    Other
    $7,146
    Deferred
    $28,603
    Nontaxable benefits
    $28,045
    Filer's total
    $287,848

  • RICHARD LANDIS

    WEALTH MANAGEMENT ADVISOR

    Total calculated
    $258,141
    From this org
    $251,953
    From related orgs
    $0
    Other
    $6,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $24,000
    Bonus
    $227,863
    Other
    $90
    Deferred
    $6,188
    Nontaxable benefits
    not reported
    Filer's total
    $258,141

  • WILLIAM CONTI

    VPCHIEF LENDING OFFICER

    Total calculated
    $164,660
    From this org
    $140,109
    From related orgs
    $0
    Other
    $24,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,000
    Bonus
    $6,825
    Other
    $2,284
    Deferred
    $3,367
    Nontaxable benefits
    $21,184
    Filer's total
    $164,660

  • ADRIANNE REXIUS

    VPCHIEF HUMAN RESOURCES OFFI

    Total calculated
    $159,429
    From this org
    $128,293
    From related orgs
    $0
    Other
    $31,136
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,000
    Bonus
    $7,789
    Other
    $504
    Deferred
    $3,091
    Nontaxable benefits
    $28,045
    Filer's total
    $159,429

  • CECILIA ASHE

    VPCHIEF OPERATIONS OFFICER

    Total calculated
    $147,352
    From this org
    $143,888
    From related orgs
    $0
    Other
    $3,464
    Hours/week
    40

  • NETTIE DUARTE-MAYO

    VPCHIEF FINANCIAL OFFICER

    Total calculated
    $131,378
    From this org
    $109,117
    From related orgs
    $0
    Other
    $22,261
    Hours/week
    40

  • RACHEL CAUSLEY

    CHIEF INFORMATION OFFICER

    Total calculated
    $127,354
    From this org
    $103,672
    From related orgs
    $0
    Other
    $23,682
    Hours/week
    40

  • KAREN BARTON

    VPCHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $110,160
    From this org
    $90,223
    From related orgs
    $0
    Other
    $19,937
    Hours/week
    30

  • WILLIAM HEGEBUSH

    BOARD CHAIRPERSON

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BARBARA LLOYD

    BOARD DIRECTOR

    Total calculated
    $2,200
    From this org
    $2,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CAROL POLCYN

    BOARD MEMBER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • WILLIAM HONAKER

    BOARD SECRETARY

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ERIC EMMERT

    BOARD DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TAYLOR PINEDA

    BOARD TREASURER

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROBERT LIZARDI

    BOARD MEMBER

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $600
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $600

  • JAMES BROWN

    BOARD MEMBER

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200

  • COREY WOODS

    BOARD VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2024
IRS schema version
2023v5.0
Source object
202440929349301214

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