Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $95,396,633 · related or exempt $95,396,633

• 2b · Program service revenue: FEES AND CHARGES

  total $16,715,212 · related or exempt $16,315,908 · unrelated business $399,304

• 2c · Program service revenue: INTERCHANGE INCOME

  total $16,671,380 · related or exempt $16,671,380

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

  total $2,559,501 · related or exempt $2,559,501

• 3 · Investment income

  total $37,855,398 · excluded $37,855,398

• 6a · Gross rents

  real property $924,063

• 6b · Less rental expenses

  real property $204,432

• 6c · Rental income or loss

  real property $719,631

• 6d · Net rental income or loss

  total $719,631 · excluded $719,631

• 7a · Gross sales of assets other than inventory

  securities $1,877,397 · other assets $1,589,383

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

  securities $1,949,395 · other assets $1,639,402

• 7c · Gain or loss

  securities -$71,998 · other assets -$50,019

• 7d · Net gain or loss

  total -$122,017 · excluded -$122,017

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,452,015 · excluded $1,452,015

• 11e · Other revenue, total

  $1,452,015

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $592,748

• 4 · Benefits paid to or for members

  total $24,644,701

• 5 · Compensation of officers, directors and key employees

  total $9,244,772

• 7 · Other salaries and wages

  total $37,449,490

• 8 · Pension plan contributions

  total $1,145,013

• 9 · Other employee benefits

  total $5,107,930

• 10 · Payroll taxes

  total $3,109,967

• 11b · Fees: legal

  total $316,537

• 11c · Fees: accounting

  total $151,769

• 11g · Fees: other

  total $2,639,132

• 12 · Advertising and promotion

  total $6,035,378

• 13 · Office expenses

  total $2,767,506

• 14 · Information technology

  total $11,150,863

• 16 · Occupancy

  total $4,359,608

• 17 · Travel

  total $1,203,422

• 19 · Conferences, conventions and meetings

  total $1,254,810

• 20 · Interest

  total $6,149,544

• 22 · Depreciation, depletion and amortization

  total $2,588,703

• 24a · Other expenses: CREDIT CARD EXPENSES

  total $10,138,906

• 24b · Other expenses: PROVISION FOR LOAN LOSS

  total $7,358,604

• 24c · Other expenses: LOAN AND BANKING FEES

  total $4,858,508

• 24d · Other expenses: ONLINE BANKING EXPENSES

  total $2,943,057

• 24e · All other expenses

  total $1,123,156

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $79,078,500 · end of year $115,424,497

• 4 · Accounts receivable

  beginning of year $2,716,098 · end of year $3,277,582

• 7 · Other notes and loans receivable

  beginning of year $1,883,612,899 · end of year $2,121,320,868

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,255,028 · end of year $6,848,485

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

  $108,549,005

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

  $43,233,569

• 10c · Land, buildings and equipment, net

  beginning of year $67,539,995 · end of year $65,315,436

• 11 · Investments: publicly traded securities

  beginning of year $1,143,243,392 · end of year $978,523,340

• 12 · Investments: other securities

  beginning of year $42,991,027 · end of year $47,271,528

• 15 · Other assets

  beginning of year $43,214,561 · end of year $46,546,128

• 17 · Accounts payable and accrued expenses

  beginning of year $18,766,146 · end of year $22,883,805

• 23 · Secured mortgages and notes payable

  beginning of year $100,000,000 · end of year $180,000,000

• 25 · Other liabilities

  beginning of year $2,966,456,702 · end of year $2,961,069,980

• 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 $185,428,652 · end of year $220,574,079

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 2023: RICHARD K. REEDY - $422,019 MICHAEL EMANUELLI - $570,895 DEBORAH PEARSON - $101,848 LAURA WORZELLA - $538,801 SASSAN AZHADU - $9,459 THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS FROM THIS PLAN DURING 2023: RICHARD K. REEDY - $242,199 BRANDON MICHAELS - $139,321 MICHAEL EMANUELLI - $120,418 MICHAEL BODEN - $142,794 DEBORAH PEARSON - $119,922 LAURA WORZELLA - $148,526 KEN BAUER - $118,942 SASSAN AZHADI - $15,784 LIZA BUCHANAN - $20,820 BRIAN JOHNSON - $31,479 BEAM CHIP GRIFFITH - $38,063 THOMAS MITCHELL - $31,127 KRISTEN RENEE - $35,903

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