TY 2019 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) STEPHEN GALAS......................................................................
BOARD CHAIRMAN

5
.................
0

(2) DENNIS BUSHONG......................................................................
VICE CHAIMAN

3
.................
0

(3) SUSAN HORAN......................................................................
SECRETARY

5
.................
0

(4) Laura Metcalfe......................................................................
SUPERVISORY COMMITTEE CHAIRPERSON

6
.................
0

(5) KEVIN FAGAN......................................................................
DIRECTOR

3
.................
0

(6) ROBERT GILLIS......................................................................
DIRECTOR

3
.................
0

(7) JOEL WIRTH......................................................................
TREASURER

3
.................
0

(8) JUDY AUVIL......................................................................
PRESIDENT/CEO

45
.................
0

60,194

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Federally Insured CD's	1,246,000	C
(2)Catalyst Corp FCU Permanant Investment Capital	4,383	C
(3)Catalyst Corp FCU Performance Tier Fund	100,000	C
(4)Catalyst Corp FCU Cash Management	141,093	C
(5)Catalyst Corp FCU CD's	700,000	C
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)	2,191,476

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	8,465,094
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

CREDIT UNIONS IN THE STATE OF ARIZONA

Employer identification number

86-0143958

Return Reference	Explanation
Form 990, Part VI, Section A, Line 3	Judy Auvil, President/CEO is a paid employee of the credit union, responsible for the daily management and operations of the credit union. Judy reports to the board on a monthly basis the operations of the credit union, including but not limited to: financial statements, credit committee reports on lending, analysis of operations and recommended policies.
Form 990, Part VI, Section A, Line 6	The credit union has members. Membership is restricted to those individuals that qualify for membership under the credit union bylaws as approved by the members and regulated by the Arizona Department of Financial Institutions.
Form 990, Part VI, Section A, Line 7a	The members elect the board of directors from the general membership. The election is held yearly during the Annual Meeting of the Membership. Members are given notice of the Annual Meeting at least 30 days prior to the meeting. Notice of the Annual Meeting held March 1, 2019 was contained in the year-end statements for December, 2018.
Form 990, Part VI, Section A, Line 7b	Any changes in the governing documents or bylaws of the credit union require ratification by the general membership at the next Annual Meeting of the Members.
Form 990, Part VI, Section B, Line 11b	The board of directors reviews the completed and filed return at a regular board meeting. Financial information contained within the return is reviewed at monthly board meetings. The return is also available to the members of the Supervisory Committee and the external auditor.
Form 990, Part VI, Section B, Line 12c	Prior to election or appointment to the board of directors or appointment to the Supervisory Committee, volunteers are vetted and required to sign a letter of intent which asks for the disclosure of any conflicts of interest. Once per year, the Board & Management Relations Policy is reviewed and approved at a monthly board meetings. This policy discusses proper disclosure of any conflicts of interest.
Form 990, Part VI, Section B, Line 15	The board of directors reviews the CEO's performance and determines compensation after reviewing industry reports of salary surveys. The CEO reviews the salaries and performance of staff and adheres to a salary budget for staff as approved by the board of directors.
Form 990, Part VI, Section C, Line 19	Financial statements and governing documents are available upon request by the membership. An Annual Report is given to each member attending the Annual Meeting of the Membership. The Annual Report is available in the credit union lobby during the year.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:	19009572
Software Version:	v1.00

1	Briefly describe the organization’s mission or most significant activities: Financial cooperative operated without profit for mutual purposes.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	5
6	Total number of volunteers (estimate if necessary) .............	6	9
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	497,458	463,575
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	497,458	463,575
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	152,436	158,464
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	283,749	293,404
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	436,185	451,868
19	Revenue less expenses. Subtract line 18 from line 12.......	61,273	11,707
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	9,818,689	9,275,107
21	Total liabilities (Part X, line 26).............	9,060,524	8,505,235
22	Net assets or fund balances. Subtract line 21 from line 20.....	758,165	769,872

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	The credit union is engaged in providing low cost financial services to members/owners.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 )
4e	Total program service expenses0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	60,194	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a	Loan Income	522130	309,581	309,581	0	0
b	Investment Income	522130	50,926	50,926	0	0
c	Lease Income	522130	39,110	39,110	0	0
d	Fee Income	522130	63,958	63,958	0	0
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f .....		463,575

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)	0	0	6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)	0	0	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See instructions.....			463,575	463,575	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	60,194
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0
7	Other salaries and wages........	70,795
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	16,545
10	Payroll taxes ...........	10,930
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	3,363
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	2,149
12	Advertising and promotion ....	6,848
13	Office expenses .......	31,887
14	Information technology ......	56,894
15	Royalties ..	0
16	Occupancy ...........	40,380
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	593
20	Interest ...........	1,892
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	29,499
23	Insurance ...	19,620
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Loan Participation, Servicing and Collection Costs	67,040
b	Provision For Loan Loss	25,200
c	Miscellaneous	3,043
d	Loss on Sale of Repossessed Autos	4,996
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	451,868	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			249,477	1	219,267
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			20,309	4	15,952
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			6,206,108	7	5,909,389
8	Inventories for sale or use ............				8	0
9	Prepaid expenses and deferred charges ......			44,736	9	31,364
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,242,158
b	Less: accumulated depreciation	10b	475,503	789,569	10c	766,655
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..			2,307,501	13	2,191,476
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			200,989	15	141,004
16	Total assets. Add lines 1 through 15 (must equal line 33)...			9,818,689	16	9,275,107

17	Accounts payable and accrued expenses .....	406,869	17	40,141
18	Grants payable ...	0	18
19	Deferred revenue .........	0	19
20	Tax-exempt bond liabilities .........	0	20
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22
23	Secured mortgages and notes payable to unrelated third parties ..	0	23
24	Unsecured notes and loans payable to unrelated third parties ..	0	24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	8,653,655	25	8,465,094
26	Total liabilities. Add lines 17 through 25..	9,060,524	26	8,505,235

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	758,165	31	769,872
32	Total net assets or fund balances ...........	758,165	32	769,872
33	Total liabilities and net assets/fund balances ........	9,818,689	33	9,275,107

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	340,000	0		340,000
b	Buildings ....	660,000	0	258,501	401,499
c	Leasehold improvements	0	0	0	0
d	Equipment ....	242,158	0	217,002	25,156
e	Other .....	0	0	0	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					766,655

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)