Nonprofit · EIN 86-6050959
TRUWEST CREDIT UNION
Tax-exempt · TEMPE, AZ 85284
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $110,461,542 | $100,822,855 | $9,638,687 | $1,607,001,608 | $1,475,058,601 | $131,943,007 |
| December 31, 2023 | 990 | $92,658,143 | $76,945,341 | $15,712,802 | $1,810,234,989 | $1,686,028,127 | $124,206,862 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $97,384,361
- Investment income
- $12,998,959
- Royalties
- $78,222
- Net gain from sales of assets
- $46,974
- Other revenue
- $78,222
Expenses
- Grants and similar amounts paid
- $198,259
- Benefits paid to members
- $26,611,156
- Compensation of officers, directors and key employees
- $5,169,922
- Other salaries and wages
- $22,209,723
- Salaries, compensation and benefits (total)
- $34,530,989
- Professional fundraising fees
- $0
- Legal fees
- $793,980
- Accounting fees
- $227,186
- Occupancy
- $2,794,118
- Travel
- $115,761
- Depreciation
- $1,321,420
Balance sheet and other
- Total assets, start of year
- $1,810,234,989
- Total assets, end of year
- $1,607,001,608
- Total liabilities, end of year
- $1,475,058,601
- Net assets, end of year
- $131,943,007
- Land, buildings and equipment
- $13,374,225
- Publicly traded securities
- $170,568,326
- Gross unrelated business income
- $1,128,357
- Gross receipts
- $110,616,397
- Employees
- 311
- Volunteers
- 15
- Year formed
- 1952
- 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 |
|---|---|---|---|---|
| ALAN ALTHOUSE | PRESIDENT & CEO Officer | 40 | $927,301 | $172,309 |
| FRED FARBOD | SVP & CHIEF LENDING OFFICER Officer | 40 | $778,874 | $171,702 |
| BRENT CATTANI | FINANCIAL ADVISOR II Highest-paid employee | 40 | $604,362 | $68,132 |
| CHRIS KEARNEY | SVP & CHIEF INFORMATION OFFICER Officer | 40 | $477,328 | $155,347 |
| GARY BERNARD | EVP CHIEF OPERATIONS OFFICER Officer | 40 | $450,338 | $172,448 |
| MICHAEL WARD | SVP & CHIEF FINANCIAL OFFICER Officer | 40 | $355,036 | $146,329 |
| KATHERINE SCIASCIA | MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $433,156 | $67,368 |
| JENNIFER KIMMELL | SVP & CHIEF EXPERIENCE OFFICER Officer | 40 | $325,289 | $155,522 |
| DARREN KENNON | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $333,331 | $67,466 |
| ALYSSE MEDINA | SVP & CHIEF LEGAL OFFICER Officer | 40 | $262,390 | $124,676 |
| NIKKI BADJE | SVP & CHIEF PEOPLE OFFICER Officer | 40 | $247,927 | $97,012 |
| KELLY ARGALL | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $260,581 | $42,370 |
| KATHLEEN HOFFMAN | MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $234,828 | $42,311 |
| MIKE MOULTON | CHAIRMAN Trustee or director, Officer | 5 | $19,225 | $0 |
| DAVE HOLODY | DIRECTOR Trustee or director | 1.5 | $18,367 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK O'CONNOR | VICE CHAIRMAIN Trustee or director, Officer | 2 | $15,636 |
| SUSANNA DEFRANCO | TREASURER Trustee or director, Officer | 1.5 | $15,353 |
| STEVE BENTON | DIRECTOR Trustee or director | 1 | $15,115 |
| SCOTT JOHS | DIRECTOR Trustee or director | 1 | $13,650 |
| TIM NIESZ | DIRECTOR Trustee or director | 1 | $13,500 |
| JEFF HOMER | SECRETARY Trustee or director, Officer | 1 | $13,417 |
| CAITLIN DAVISON | DIRECTOR Trustee or director | 1 | $10,860 |
| THOMAS CUMMISKEY | DIRECTOR (THRU 4/23/24) Trustee or director | 1 | $9,972 |
| MIKE VASKO | DIRECTOR (THRU 4/23/24) Trustee or director | 1 | $5,000 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRED FARBOD | SVP & CHIEF LENDING OFFICER Officer | 40 | $988,063 | $159,957 |
| ALAN ALTHOUSE | PRESIDENT & CEO Officer | 40 | $714,301 | $213,792 |
| GARY BERNARD | EVP CHIEF OPERATIONS OFFICER Officer | 40 | $617,367 | $165,373 |
| BRENT CATTANI | FINANCIAL ADVISOR II Highest-paid employee | 40 | $499,850 | $62,086 |
| CHRIS KEARNEY | SVP & CHIEF INFORMATION OFFICER Officer | 40 | $392,398 | $146,351 |
| MICHAEL WARD | SVP & CHIEF FINANCIAL OFFICER Officer | 40 | $322,531 | $131,392 |
| JENNIFER KIMMELL | SVP & CHIEF MARKETING OFFICER Officer | 40 | $267,820 | $143,522 |
| ALYSSE MEDINA | SVP & CHIEF LEGAL OFFICER Officer | 40 | $271,352 | $119,972 |
| KATHERINE SCIASCIA | MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $289,071 | $55,324 |
| DARREN KENNON | FINANCIAL ADVISOR II Highest-paid employee | 40 | $269,593 | $58,513 |
| NIKKI BADJE | SVP & CHIEF HUMAN RESOURCES OFFICER Officer | 40 | $256,369 | $40,971 |
| GUY AUSTIN | FINANCIAL ADVISOR II Highest-paid employee | 32 | $256,454 | $35,416 |
| KATHLEEN HOFFMAN | MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $220,098 | $40,817 |
| RICK O'CONNOR | CHAIRMAN Trustee or director, Officer | 5 | $19,200 | $0 |
| DAVE HOLODY | DIRECTOR Trustee or director | 1.5 | $16,225 | $0 |
| SUSANNA DEFRANCO | TREASURER Trustee or director, Officer | 1.5 | $13,500 | $0 |
| THOMAS CUMMISKEY | DIRECTOR Trustee or director | 1 | $12,975 | $0 |
| JEFF HOMER | DIRECTOR Trustee or director | 1 | $12,975 | $0 |
| SCOTT JOHS | SECRETARY Trustee or director, Officer | 1 | $12,525 | $0 |
| MIKE MOULTON | VICE CHAIRMAN Trustee or director, Officer | 5 | $12,150 | $0 |
| MIKE VASKO | DIRECTOR Trustee or director | 1 | $10,275 | $0 |
| TIM NIESZ | DIRECTOR Trustee or director | 1 | $9,450 | $0 |
Address and contacts
- Address (IRS master file)
- 2190 E ELLIOT RD STE 310, TEMPE, AZ 85284-1841
- In care of
- % NIKKI M BADJE
- Principal officer (990 for 2024)
- CHRIS KEARNEY, 2190 E ELLIOT ROAD, TEMPE, AZ 85284
- Signed the 990
- MICHAEL WARD, EVP CHIEF FINANCIAL OFFICER
- Phone
- (602) 629-2065
- Website
- WWW.TRUWEST.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TRUWEST CREDIT UNION IS A COOPERATIVE PROVIDING TRUSTED FINANCIAL SOLUTIONS AND SERVICES, SO MEMBERS CAN ACHIEVE THEIR GOALS.
Program accomplishments
- THE CREDIT UNION PROVIDES ITS MEMBER-OWNERS LOW COST FINANCIAL SERVICES INCLUDING FINANCIAL PLANNING.
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
- 86-6050959
- 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
- Group exemption
- 2111: CREDIT UNIONS IN THE STATE OF ARIZONA
- Assets (IRS master file)
- $1,607,001,608
- Income (IRS master file)
- $110,616,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $110,461,542 | $100,822,855 | $1,607,001,608 | XML |
| 990 | December 2023 | $92,658,143 | $76,945,341 | $1,810,234,989 | XML |
| 990 | December 2022 | $72,242,165 | $60,300,911 | $1,514,781,756 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 86-6050959).
Questions about TRUWEST CREDIT UNION
- What is the EIN of TRUWEST CREDIT UNION?
- The employer identification number (EIN) of TRUWEST CREDIT UNION is 86-6050959.
- Is TRUWEST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1970.
- Are donations to TRUWEST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRUWEST 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 TRUWEST 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 TRUWEST 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 TRUWEST CREDIT UNION?
- The 990 for the year ended December 31, 2024 names CHRIS KEARNEY.
- Who are the officers and directors of TRUWEST CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $927,301 (ALAN ALTHOUSE, PRESIDENT & CEO).
- How much revenue does TRUWEST CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $110,461,542, expenses of $100,822,855 and total assets of $1,607,001,608 at year end.
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