2024-11-12T17:41:42-06:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 866050693 COPPER STATE CREDIT UNION COPP 6235803000 15458 N 28TH AVENUE PHOENIX AZ 85027 MONICA SOLO SVP CHIEF FINANCIAL OFFICER 6235806000 2024-11-08 1 0 JOHN J MURNANE JR P03021572 3052328272 2024-11-06 2023 2024-10-15 13:58:12Z ROBERT SCOTT 15458 N 28TH AV PHOENIX AZ 85027 33893970 0 X WWW.COPPERSTATECU.ORG X 1951 AZ OUR MISSION IS TO ENABLE OUR MEMBERFAMILIES TO ACHIEVE FINANCIAL PROSPERITY. 9 9 192 15 158160 0 0 0 25589159 31314474 3002537 2575256 0 0 28591696 33889730 0 0 0 0 10832263 11322352 0 0 0 13995257 21073239 24827520 32395591 3764176 1494139 609482997 600490503 576484048 562895989 32998949 37594514 OUR MISSION IS TO ENABLE OUR MEMBER FAMILIES TO ACHIEVE FINANCIAL PROSPERITY. 0 0 PROVIDED CREDIT IN 2023 TO 4,488 MEMBERS FOR $155,199,187. AS OF DECEMBER 31, 2023, 17,305 MEMBERS HAD $453,881,644 IN OUTSTANDING LOANS. PROMOTE THRIFT TO 45,992 MEMBERS WITH TOTAL DEPOSITS OF $517,933,504 AS OF DECEMBER 31, 2023. PROVIDE FINANCIAL SERVICES, INCLUDING CHECKING ACCOUNTS, ATM/DEBIT CARDS, CREDIT CARDS, SAVINGS ACCOUNTS, CERTIFICATES OF DEPOSIT AND MONEY MARKET ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 8890 0 1 192 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MONICA SOLO 6235806000 15458 N 28TH AVE PHOENIX AZ 85027 JERRY HARTRIM DIRECTOR 1.00 X 750 0 0 PAUL WATERMAN TREASURER 1.00 X 3800 0 0 ANDREW ROBERTS CHAIRPERSON 1.00 X 6000 0 0 ERICA GIBBONS SECRETARY 1.00 X 3550 0 0 ROGER ZOLLINGER DIRECTOR 1.00 X 850 0 0 ROBERT STADNIK COMMITTEE MEMBER 1.00 X 1750 0 0 MELANIE MERRILL DIRECTOR 1.00 X 3750 0 0 DENNIS MCDONALD VICE CHAIRPERSON 1.00 X 3550 0 0 TILLIE JONES DIRECTOR 1.00 X 3000 0 0 STEVE WOLFE DIRECTOR 1.00 X 750 0 0 JANET BURGETT MARTIN DIRECTOR 1.00 X 3150 0 0 ALBERT DUBOWA COMMITTEE VICE CHAIRPERSON 1.00 X 2000 0 0 DAVID MATSON COMMITTEE CHAIRPERSON 1.00 X 1900 0 0 HARSHAD DESAI COMMITTEE MEMBER 1.00 X 1500 0 0 LUPE HARRIGER COMMITTEE MEMBER 1.00 X 2000 0 0 FRANK MARTINSON COMMITTEE MEMBER 1.00 X 2000 0 0 WING-HO CHOI ASSOCIATE BOARD MEMBER 1.00 X 2800 0 0 MICHAEL JOSEPH ASSOCIATE BOARD MEMBER 1.00 X 2800 0 0 COLLEEN CURTIS MILLER ASSOCIATE BOARD MEMBER 1.00 X 900 0 0 ROBERT SCOTT PRESIDENT/CEO 50.00 X 452703 0 40187 DAVID SKILTON CHIEF FINANCIAL OFFICER 50.00 X 173361 0 17872 TERESA TROSTEL CHIEF INFORMATION OFFICER 50.00 X 156622 0 25868 JUSTIN WOLFE CHIEF RETAIL OPERATIONS OFFICER 50.00 X 150659 0 21671 GREGORY ALBANO CHIEF TECHNOLOGY OFFICER 50.00 X 196360 0 490148 RICHARD REILEY CHIEF LENDING OFFICER 50.00 X 184602 0 23648 AMY SINGPRADITH CHIEF HR OFFICER 50.00 X 165426 0 32204 1526533 0 651598 18 0 1 0 ICI CONSULTING 739 PINTA DRIVE ST PETERSBURG FL 33715 CONSULTING FOR CORE PROVIDER 1946497 FISERV INC PO BOX 208457 DALLAS TX 75320 CORE DATA SYSTEM SERVICES 1168787 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 75321 ONLINE/MOBILE BANKING PROVIDER 877495 FIDELITY INFO SERVICES INC PO BOX 4535 CAROL STREAM IL 60197 DEBIT CARD PROCESSING SERVICER 657955 ELAN FINANCIAL SERVICES PO BOX 790408 ST LOUIS MO 63179 CREDIT CARD PROVIDER 372986 20 INCOME ON LOANS 522100 23318647 23318647 FEES, CHARGES, & OTHER 522100 7837667 7837667 FINANCE & INSURANCE 520000 158160 158160 31314474 2329496 2329496 250000 4240 245760 245760 245760 33889730 31402074 158160 2329496 X 730923 8704589 330166 888742 667932 71313 176229 1261720 3491179 1146910 911112 220130 4831450 234442 961103 37639 PLL 3557207 DEBIT/CREDIT CARD EXPEN 2215304 LOAN SERVICING 602905 COLLECTIONS 565799 788797 32395591 3020740 3001561 12042730 8213476 400868 1676147 7638000 7603657 444402470 450994895 682940 581260 25013301 4460363 21264277 20552938 103221265 90152134 3172893 3278993 1379291 12257523 14435442 609482997 600490503 9509404 11962485 25000000 33000000 541974644 517933504 576484048 562895989 X 0 0 0 0 32998949 37594514 32998949 37594514 609482997 600490503 1494139 3085921 15505 0 X X 0 1 X 1 0 0 7137173 7137173 12736353 1483926 11252427 214327 122889 91438 4925448 2853548 2071900 20552938 MEMBER DEPOSITS 517933504 517933504 X 33889730 0 33889730 0 33889730 32395591 0 32395591 0 32395591 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X X 0 1 0 GREGORY ALBANO CHIEF TECHNOLOGY OFFICER 171152 0 25208 0 0 0 466869 0 23279 0 686508 0 0 0 ROBERT SCOTT PRESIDENT/CEO 385509 0 67194 0 0 0 16500 0 23687 0 492890 0 0 0 RICHARD REILEY CHIEF LENDING OFFICER 167781 0 16821 0 0 0 9278 0 14370 0 208250 0 0 0 AMY SINGPRADITH CHIEF HR OFFICER 144753 0 20673 0 0 0 6335 0 25869 0 197630 0 0 0 DAVID SKILTON CHIEF FINANCIAL OFFICER 153489 0 19872 0 0 0 8734 0 9138 0 191233 0 0 0 TERESA TROSTEL CHIEF INFORMATION OFFICER 135505 0 21117 0 0 0 8019 0 17849 0 182490 0 0 0 JUSTIN WOLFE CHIEF RETAIL OPERATIONS OFFICER 134015 0 16644 0 0 0 1425 0 20246 0 172330 0 0 0 PART I, LINE 4B THE CEO, ROBERT SCOTT, PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE CREDIT UNION ISSUED A LOAN TO ROBERT SCOTT FOR THE PURPOSE OF PURCHASING AN INSURANCE POLICY THAT WILL BE USED TO FUND HIS DEFERRED COMPENSATION PLAN. THE LOANS RELATED TO THIS ARRANGEMENT ARE REPORTED ON SCHEDULE L. GREGORY ALBANO PARTICIPATES IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DURING 2023, THE CREDIT UNION ACCRUED $466,869 TOWARD THE FUTURE BENEFIT OBLIGATION. JANE DOBBS FORMER CEO/PRESIDENT FUNDING OF 457 (F) X 2700000 2665657 0 1 1 ROBERT SCOTT CEO/PRESIDENT FUNDING OF 457 (F) X 4938000 4938000 0 1 1 7603657 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS INCLUDE PEOPLE THAT LIVE, WORK OR WORSHIP IN ANY OF THE FOLLOWING COUNTIES: MARICOPA, GILA, NAVAJO, PIMA, PINAL AND YAVAPAI. OUR SELECT EMPLOYEE GROUPS ALSO INCLUDE MEMBERS THAT ARE GRAND CANYON UNIVERSITY FACULTY, STAFF & STUDENTS, ACTIVE, RETIRED OR CONTRACT EMPLOYEES OF THE STATE OF ARIZONA AND SAFEWAY STORES, INC. (ALBERTSON'S) EMPLOYEES & FAMILIES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT A BOARD OF DIRECTORS TO GOVERN THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES MUST BE APPROVED AT A MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE POSTED ELECTRONICALLY ON THE BOARD'S PORTAL FOR THEM TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE MUST DISCLOSE ANY RELATIONSHIP OR ASSOCIATION THAT COULD BE A CONFLICT OF INTEREST. WE REQUIRE THIS BE DISCLOSED IN AN ANNUAL QUESTIONNAIRE THAT IS SUBMITTED TO AND SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE GIVEN AN ANNUAL REVIEW AND THEIR COMPENSATION IS MEASURED AGAINST TRADE ORGANIZATIONS THAT GATHER AND COMPILE SUCH DATA. FORM 990, PART VI, SECTION C, LINE 19 MONTH END FINANCIAL STATEMENTS ARE POSTED IN OUR LOBBIES AND QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE ON THE NCUA WEBSITE, OTHER DOCUMENTS WOULD BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 24E MAINTENANCE AND REPAIRS 336,734. OTHER LOSSES/FRAUD 254,144. MISCELLANEOUS 167,894. EDUCATION AND PROMOTION 30,025. 990, PART XII, LINE 2C THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE CREDIT UNION'S OVERSIGHT AND SELECTION PROCESS DID NOT CHANGE DURING THE YEAR.