Nonprofit · EIN 86-0108770
ONEAZ CREDIT UNION
Also known as TURKISH STUDENT ASSOCIATION
Tax-exempt · PHOENIX, AZ 85027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $198,883,800 | $166,468,298 | $32,415,502 | $3,395,741,193 | $3,129,261,688 | $266,479,505 |
| December 31, 2023 | 990 | $171,247,753 | $146,334,124 | $24,913,629 | $3,384,527,864 | $3,163,953,785 | $220,574,079 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $162,522,340
- Investment income
- $34,322,830
- Net rental income
- $862,192
- Net gain from sales of assets
- -$522,138
- Other revenue
- $2,038,630
Expenses
- Grants and similar amounts paid
- $915,144
- Benefits paid to members
- $35,645,786
- Compensation of officers, directors and key employees
- $8,259,906
- Other salaries and wages
- $41,078,717
- Salaries, compensation and benefits (total)
- $60,122,152
- Professional fundraising fees
- $0
- Legal fees
- $872,673
- Accounting fees
- $328,314
- Occupancy
- $4,981,393
- Travel
- $970,933
- Depreciation
- $2,670,538
Balance sheet and other
- Total assets, start of year
- $3,384,527,864
- Total assets, end of year
- $3,395,741,193
- Total liabilities, end of year
- $3,129,261,688
- Net assets, end of year
- $266,479,505
- Land, buildings and equipment
- $64,843,943
- Publicly traded securities
- $696,748,163
- Gross unrelated business income
- $508,365
- Gross receipts
- $318,389,162
- Employees
- 636
- Volunteers
- 12
- Year formed
- 1951
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON MICHAELS | CEO/PRESIDENT Officer | 40 | $1,006,890 | $347,025 |
| LAURA WORZELLA | EVP COO Officer | 40 | $607,741 | $186,523 |
| MICHAEL BODEN | EVP CFO Officer | 40 | $593,698 | $183,695 |
| DEBORAH PEARSON | EVP STRATEGY & BRAND Officer | 40 | $747,284 | $7,744 |
| KEN BAUER | EVP CLO Officer | 40 | $521,526 | $158,359 |
| OSMAN ZAFAR ULHAQ | EVP CHIEF STRATEGY & GROWTH OFFICER Officer | 40 | $420,631 | $138,957 |
| MICHAEL SAMMONS | WEALTH ADVISOR Highest-paid employee | 40 | $445,099 | $66,714 |
| THOMAS MITCHELL | SVP WEALTH MANAGEMENT Key employee | 40 | $447,192 | $46,812 |
| SANDEEP UTHRA | EVP CHIEF TECHNOLOGY OFFICER Officer | 40 | $411,468 | $41,056 |
| TAMMY PAQUETTE | WEALTH ADVISOR Highest-paid employee | 40 | $378,375 | $52,275 |
| BEAM CHIP GRIFFITH | SVP RETAIL SALES & OPERATI Key employee | 40 | $350,625 | $75,790 |
| MICHAEL EMANUELLI | EVP CAO Officer | 40 | $413,477 | $1,463 |
| KRISTEN RENEE | SVP REVENUE OPTIMIZATION & Key employee | 40 | $324,680 | $59,648 |
| RICHARD K REEDY | CEO/PRESIDENT Former | 40 | $346,553 | $0 |
| BRIAN JOHNSON | SVP BUSINESS PLANNING Key employee | 40 | $250,354 | $76,866 |
14 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JERAME PEARSON | ASSISTANT DIRECTOR SPECIAL Highest-paid employee | 40 | $295,320 | $30,992 |
| GREGORY RUSSO | MARKET PRESIDENT Highest-paid employee | 40 | $268,094 | $30,961 |
| AUSTIN WILLIAMS | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $272,226 | $24,166 |
| LIZA BUCHANAN | SVP MARKETING OPERATIONS Key employee | 40 | $191,288 | $31,306 |
| JON BORGE | CHAIRMAN Trustee or director, Officer | 2 | $35,000 | $0 |
| ED SANCHEZ | DIRECTOR Trustee or director | 2 | $29,000 | $0 |
| GEORGANNA MEYER | SECRETARY Trustee or director, Officer | 2 | $29,000 | $0 |
| MARTHA ROZEN | DIRECTOR Trustee or director | 2 | $29,000 | $0 |
| PEARLETTE RAMOS | VICE CHAIRPERSON Trustee or director, Officer | 2 | $29,000 | $0 |
| SAM WHEELER | DIRECTOR Trustee or director | 2 | $28,476 | $0 |
| MARQUETTA WHITE | DIRECTOR Trustee or director | 2 | $28,000 | $0 |
| RYAN WILLIAMS | TREASURER Trustee or director, Officer | 2 | $28,000 | $0 |
| T PAUL THOMAS | DIRECTOR Trustee or director | 2 | $18,278 | $0 |
| RAY O'CONNOR | DIRECTOR Trustee or director, Officer | 2 | $10,500 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD K REEDY | CEO/PRESIDENT (THRU 10/1/23) Officer | 40 | $1,383,642 | $265,934 |
| LAURA WORZELLA | EVP COO Officer | 40 | $1,135,467 | $186,848 |
| MICHAEL EMANUELLI | EVP CAO Officer | 40 | $1,064,090 | $148,970 |
| MICHAEL BODEN | EVP CFO Officer | 40 | $606,659 | $181,820 |
| DEBORAH PEARSON | EVP STRATEGY & BRAND Officer | 40 | $597,345 | $149,906 |
| BRANDON MICHAELS | CEO/PRESIDENT (BEGAN 5/22/23) Officer | 40 | $543,054 | $158,360 |
| KEN BAUER | EVP CLO Officer | 40 | $494,472 | $157,168 |
| MICHAEL SAMMONS | WEALTH ADVISOR Highest-paid employee | 40 | $356,419 | $57,239 |
| BEAM CHIP GRIFFITH | SVP RETAIL SALES & OPERATIONS Key employee | 40 | $328,736 | $68,223 |
| KRISTEN RENEE | SVP REVENUE OPTIMIZATION & MARKET Key employee | 40 | $305,463 | $56,313 |
| TAMMY PAQUETTE | WEALTH ADVISOR Highest-paid employee | 40 | $303,056 | $41,727 |
| BRIAN JOHNSON | SVP BUSINESS PLANNING Key employee | 40 | $263,583 | $71,456 |
| JERAME PEARSON | ASSISTANT DIRECTOR SPECIALITY LENDING Highest-paid employee | 40 | $291,460 | $26,238 |
| THOMAS MITCHELL | SVP WEALTH MANAGEMENT Key employee | 40 | $270,305 | $44,979 |
| TORREY JEWETT | WEALTH ADVISOR Highest-paid employee | 40 | $264,236 | $30,142 |
| SASSAN AZHADI | SVP CIO (THRU 6/25/23) Key employee | 40 | $255,994 | $29,606 |
| CHRISTOPER GRAY | VP OPERATIONS Highest-paid employee | 40 | $250,097 | $25,941 |
| LIZA BUCHANAN | SVP MARKETING OPERATIONS Key employee | 40 | $216,680 | $40,845 |
| MARTHA ROZEN | DIRECTOR Trustee or director | 2 | $25,299 | $0 |
| RAY O'CONNOR | DIRECTOR Trustee or director | 2 | $25,162 | $0 |
| PEARLETTE RAMOS | VICE CHAIRPERSON Trustee or director, Officer | 2 | $25,140 | $0 |
| JON BORGE | CHAIRMAN Trustee or director, Officer | 2 | $25,000 | $0 |
| SAM WHEELER | DIRECTOR Trustee or director | 2 | $24,952 | $0 |
| ED SANCHEZ | DIRECTOR Trustee or director | 2 | $24,687 | $0 |
| GEORGANNA MEYER | SECRETARY Trustee or director, Officer | 2 | $24,314 | $0 |
| MARQUETTA WHITE | DIRECTOR Trustee or director | 2 | $24,300 | $0 |
| RYAN WILLIAMS | TREASURER Trustee or director, Officer | 2 | $20,000 | $0 |
Address and contacts
- Address (IRS master file)
- 2355 W PINNACLE PEAK RD, PHOENIX, AZ 85027-1261
- Mailing address (990-N for 2009)
- Arizona State University, SORC Mail Box 239 PO BOX 873001, Tempe AZ 85287
- Principal officer (990 for 2024)
- BRANDON MICHAELS, 2355 W PINNACLE PEAK ROAD, PHOENIX, AZ 85027
- Principal officer (990-N for 2009)
- Mustafa Baydogan, 1802 E Randall Dr Apt 3, Tempe AZ 85281
- Signed the 990
- MICHAEL BODEN, CHIEF FINANCIAL OFFICER
- Phone
- (602) 467-4088
- Website
- www.tusasu.org
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROVIDE OUR MEMBER-OWNERS WITH RESPONSIVE SERVICE, CONVENIENT ACCESS, CONSUMER EDUCATION, AND VALUE-ADDED FINANCIAL AND RELATED PRODUCTS AND SERVICES, IN A FISCALLY SOUND MANNER.
Program accomplishments
- THE CREDIT UNION PROVIDES CHECKING AND SAVINGS DEPOSIT ACCOUNTS AS WELL AS CONSUMER, REAL ESTATE AND BUSINESS LOANS TO ITS MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0108770
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Group exemption
- 2111: CREDIT UNIONS IN THE STATE OF ARIZONA
- Assets (IRS master file)
- $3,395,741,193
- Income (IRS master file)
- $318,389,162
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $198,883,800 | $166,468,298 | $3,395,741,193 | XML |
| 990 | December 2023 | $171,247,753 | $146,334,124 | $3,384,527,864 | XML |
| 990 | December 2022 | $127,189,432 | $111,985,163 | $3,270,651,500 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Mustafa Baydogan | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0108770).
Questions about ONEAZ CREDIT UNION
- What is the EIN of ONEAZ CREDIT UNION?
- The employer identification number (EIN) of ONEAZ CREDIT UNION is 86-0108770.
- Is ONEAZ CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1970.
- Are donations to ONEAZ CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ONEAZ CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ONEAZ CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ONEAZ CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ONEAZ CREDIT UNION?
- The 990 for the year ended December 31, 2024 names BRANDON MICHAELS.
- Who are the officers and directors of ONEAZ CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 29 people; 29 received compensation from the organization, the highest $1,006,890 (BRANDON MICHAELS, CEO/PRESIDENT).
- How much revenue does ONEAZ CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $198,883,800, expenses of $166,468,298 and total assets of $3,395,741,193 at year end.
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