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← CREDIT UNIONS IN THE STATE OF ARIZONA

Form 990 for tax year 2024

Filed by CREDIT UNIONS IN THE STATE OF ARIZONA.

Totals

Total revenue
$14,502,362
Total expenses
$11,969,798
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,937,766
Investment income
$2,549,068
Other revenue
$15,528
Total assets, end of year
$242,703,584
Total liabilities, end of year
$2,946,702
Net assets or fund balances, end of year
$239,756,882
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 $9,341,331 · related or exempt $9,341,331

  • 2b · Program service revenue: FINANCIAL SERVICES INC

    total $392,893 · related or exempt $392,893

  • 2c · Program service revenue: FEE INCOME

    total $2,057,500 · related or exempt $2,057,500

  • 2d · Program service revenue: MORTGAGE INCOME

    total $31,299 · related or exempt $31,299

  • 2e · Program service revenue: OTHER OPERATING INCOME

    total $114,743 · related or exempt $114,743

  • 3 · Investment income

    total $2,549,068 · related or exempt $2,549,068

  • 6a · Gross rents

    personal property $15,528

  • 6c · Rental income or loss

    personal property $15,528

  • 6d · Net rental income or loss

    total $15,528 · related or exempt $15,528

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,753,848

  • 8 · Pension plan contributions

    total $105,662

  • 9 · Other employee benefits

    total $972,927

  • 10 · Payroll taxes

    total $281,530

  • 11b · Fees: legal

    total $1,985

  • 11c · Fees: accounting

    total $42,850

  • 11g · Fees: other

    total $188,455

  • 12 · Advertising and promotion

    total $261,653

  • 13 · Office expenses

    total $937,423

  • 14 · Information technology

    total $886,734

  • 16 · Occupancy

    total $436,637

  • 17 · Travel

    total $37,376

  • 20 · Interest

    total $2,229,716

  • 22 · Depreciation, depletion and amortization

    total $232,994

  • 23 · Insurance

    total $74,347

  • 24a · Other expenses: LOAN SERVICING

    total $407,285 · program services $407,285

  • 24b · Other expenses: LOAN LOSS EXPENSE

    total $787,471 · program services $787,471

  • 24c · Other expenses: ASSOCIATION DUES

    total $37,792 · program services $37,792

  • 24d · Other expenses: MISCELLANEOUS

    total $293,113 · program services $293,113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,183,390 · end of year $1,252,042

  • 4 · Accounts receivable

    beginning of year $848,855 · end of year $519,584

  • 7 · Other notes and loans receivable

    beginning of year $173,884,073 · end of year $156,169,980

  • 9 · Prepaid expenses and deferred charges

    beginning of year $182,896 · end of year $177,186

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

    $11,870,986

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

    $6,549,018

  • 10c · Land, buildings and equipment, net

    beginning of year $5,475,841 · end of year $5,321,968

  • 12 · Investments: other securities

    beginning of year $55,673,126 · end of year $78,368,064

  • 15 · Other assets

    beginning of year $1,012,122 · end of year $894,760

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,374,423 · end of year $2,946,702

  • 29 · Capital stock, trust principal or current funds

    beginning of year $215,230,266 · end of year $217,073,973

  • 31 · Retained earnings, endowment or other funds

    beginning of year $19,655,614 · end of year $22,682,909

Mission and programs · 2024

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 2024 return.

Listed in Part VII

  • BRIAN LEE

    PRESIDENTCEO

    Total calculated
    $316,147
    From this org
    $258,075
    From related orgs
    $0
    Other
    $58,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,565
    Bonus
    $17,865
    Other
    $6,645
    Deferred
    $30,027
    Nontaxable benefits
    $28,045
    Filer's total
    $316,147

  • RICHARD LANDIS

    WEALTH MANAGEMENT ADVISOR

    Total calculated
    $207,906
    From this org
    $202,835
    From related orgs
    $0
    Other
    $5,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $36,733
    Bonus
    $166,012
    Other
    $90
    Deferred
    $5,071
    Nontaxable benefits
    not reported
    Filer's total
    $207,906

  • WILLIAM CONTI

    VPCHIEF LENDING OFFICER

    Total calculated
    $175,502
    From this org
    $150,682
    From related orgs
    $0
    Other
    $24,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,442
    Bonus
    $11,058
    Other
    $2,182
    Deferred
    $3,636
    Nontaxable benefits
    $21,184
    Filer's total
    $175,502

  • ADRIANNE REXIUS

    VPCHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $167,988
    From this org
    $136,530
    From related orgs
    $0
    Other
    $31,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,890
    Bonus
    $10,136
    Other
    $504
    Deferred
    $3,413
    Nontaxable benefits
    $28,045
    Filer's total
    $167,988

  • CECILIA ASHE

    INTERIM CEO

    Total calculated
    $155,776
    From this org
    $151,976
    From related orgs
    $0
    Other
    $3,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,901
    Bonus
    $11,079
    Other
    $3,996
    Deferred
    $3,800
    Nontaxable benefits
    not reported
    Filer's total
    $155,776

  • NETTIE DUARTE-MAYO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $139,587
    From this org
    $117,029
    From related orgs
    $0
    Other
    $22,558
    Hours/week
    40

  • RACHEL CAUSLEY

    CHIEF INFORMATION OFFICER

    Total calculated
    $133,564
    From this org
    $109,639
    From related orgs
    $0
    Other
    $23,925
    Hours/week
    40

  • KAREN BARTON

    VPCHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $114,209
    From this org
    $94,095
    From related orgs
    $0
    Other
    $20,114
    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

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $3,850
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,850

  • BARBARA LLOYD

    BOARD DIRECTOR

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

  • ERIC EMMERT

    BOARD CHAIRPERSON

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

  • CAROL POLCYN

    BOARD VICE CHAIRPERSON

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

  • WILLIAM HONAKER

    BOARD SECRETARY

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

  • TAYLOR PINEDA

    BOARD TREASURER

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

  • JENNY POON

    BOARD MEMBER

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

  • ROBERT LIZARDI

    BOARD MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $300
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $300

  • ALLISON EWERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • COREY WOODS

    BOARD VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

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

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
2024
Filed
16 April 2025
IRS schema version
2024v5.1
Source object
202501069349301900

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