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COCHISE CREDIT UNION
WILLCOX, AZ · EIN 866095651 · Form 990 · FY2022 · Medium ($1M-$10M) · www.cochisecu.com
revenue
$2.4M
expenses
$1.5M
net assets
$8.3M
employees
15
volunteers
7
mission · from form 990

TO PROMOTE THRIFT AND SAVINGS AMONG ITS MEMBERS.

profile · synthesized from sources

Cochise Credit Union is a member-owned financial cooperative based in Willcox, AZ, serving employees and families of specific local organizations and residents in designated zip codes. Established in 1958, it provides a range of financial services including loans, credit and debit cards, and mobile payment options, focusing on community service and member satisfaction.

named programs · 3 · from sources

what they call their work

Mobile Wallet Services
Offers secure mobile payment options through Apple Pay™, Google Pay™, and Samsung Pay™ for easier transactions using credit and debit cards.
Secured Loans
Provides various secured loan options including auto loans, recreational vehicle loans, and first-time auto buyer programs.
VISA Credit Card Program
Offers a VISA credit card with no annual fee, 24-hour security monitoring, and rewards points for purchases.
activities · 2 groups

what they do

  • Digital Banking and Payment Services 4 activities
    • Offer credit and debit card services
      Provides VISA Debit Cards for purchases and ATM access, offers a rewards program for Visa credit card purchases, and issues reloadable prepaid Visa cards for everyday spending and travel. Members can also use digital wallets for contactless payments and manage their credit cards through an online platform and mobile application.
    • Offer credit and debit card services
      Provides VISA Debit Cards for purchases and ATM access, offers a rewards program for Visa credit card purchases, and issues reloadable prepaid Visa cards for everyday spending and travel. Members can also use digital wallets for contactless payments and manage their credit cards through an online platform and mobile application.
    • Provide 24/7 audio response system
      Offers a free 24/7 audio response system for members to access services by phone.
    • Provide 24/7 audio response system
      Offers a free 24/7 audio response system for members to access services by phone.
  • Vehicle and Personal Loan Financing 2 activities
    • Provide secured loans
      Offers secured loans for various assets including automobiles (up to 84 months), recreational vehicles (up to 180 months), motorcycles, and mobile homes.
    • Provide secured loans
      Offers secured loans for various assets including automobiles (up to 84 months), recreational vehicles (up to 180 months), motorcycles, and mobile homes.
financials · form 990 · fy2022
revenue
Total revenue$2.42M
Contributions & grants$00%
Program service revenue$2.22M92%
Investment income$190K8%
Other revenue$9K
expenses
Total expenses$1.51M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$658K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$59.11M
Cash$21.92M
Investments$0
Liabilities$50.77M
Net assets$8.34M
Liquid reserves174.6 mo
2 years on record · 2020–2022 · YoY revenue +24.8%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SHELLEY THOMPSON CEO/GENERAL MANAGER 40 $110K
board members · 7
  • BETSY AJEMAN — VICE CHAIRPERSON
  • BETTY PETERSON — TREASURER
  • DAN DOUGLAS — MEMBER
  • KATHY MORENO — SECRETARY
  • LORIE MOREMAN — MEMBER
  • NANCY WELCH — MEMBER
  • TROY JUDD — CHAIRPERSON
relationships · 13

who they work with

  • Apple Pay Partner — Allows members to use their Cochise Credit Union cards with Apple Pay for mobile payments.
  • Arizona Electric Power Cooperative Partner — Serves the financial needs of its employees and their families.
  • Arizona Electric Power Cooperative (AEPCO) Partner — Offers membership to employees and their immediate family members.
  • CUMONEY Partner — Offers CUMONEY branded Visa prepaid cards (Everyday Spend and Travel) to its members.
  • Google Pay Partner — Allows members to use their Cochise Credit Union cards with Google Pay for mobile payments.
  • Samsung Pay Partner — Allows members to use their Cochise Credit Union cards with Samsung Pay for mobile payments.
  • Sierra Southwest Cooperative Services Partner — Offers membership to employees and their immediate family members.
  • Sulphur Springs Valley Electric Cooperative (SSVEC) Partner — Offers membership to employees and their immediate family members.
  • Sulphur Springs Valley Electric Cooperative (SSVEC) Partner — Serves the financial needs of its employees and their families.
  • Valley Telecom Group Partner — Offers membership to employees and their immediate family members.
  • Valley Telecom Group Partner — Serves the financial needs of its employees and their families.
  • Visa Partner — Offers Visa Debit Cards and Visa Prepaid Cards to its members.
  • Visa Partner — Partners with Visa to offer the ScoreCard Rewards program on Cochise Credit Union Visa Credit Cards.