↑ parent activity group ·
research dossier →

CREDIT UNIONS IN THE STATE OF ARIZONA

Phoenix, AZ · EIN 860182659 · Form 990 · FY2022 · Medium ($1M-$10M) · www.alhambracu.coop
revenue
$2.2M
expenses
$2.0M
net assets
$2.3M
employees
20
volunteers
6
program ratio
0%
mission · from form 990

Encourage thrift among credit union members, create a source of credit at a fair rate of interest, and provide opportunity for members to improve their economic condition.

profile · synthesized from sources

Alhambra Credit Union is a financial cooperative based in Arizona that provides a range of banking services, including loans, savings accounts, and financial planning. It aims to support individuals in rebuilding their financial futures and offers specialized services for various demographics, including youth education on financial responsibility.

named programs · 3 · from sources

what they call their work

Basic Checking Account
Designed for individuals with past banking issues, offering a second chance to rebuild financial stability.
Round-Up Savings Checking Account
Automatically rounds up debit card purchases to the nearest dollar and deposits the difference into a savings account.
Youth Services
Educational programs aimed at teaching financial responsibility to children through age-specific resources.
activities · 7 groups

what they do

  • Basic Banking and Savings Accounts 3 activities
    • Facilitate automated and convenient savings tools
      Offers a holiday share account for seasonal saving and an automated round-up feature that transfers the difference when debit card purchases are rounded up to the nearest dollar, deposited into a savings account. Account holders may add funds at any time, earn interest on the day of deposit, and make three free withdrawals per month.
    • Provide Checking Accounts
      Offers basic checking accounts and a service that automatically rounds up debit card purchases to the nearest dollar, transferring the difference to a savings account.
    • Provide Savings Accounts
      Offers various savings accounts, including primary savings accounts, money market accounts with higher interest rates for balances of $1,000 or more, and holiday share accounts. Members can add funds at any time, earn interest on the day of deposit, and make three free withdrawals per month.
  • Credit Union Financial Services 3 activities
    • Offer Individual Retirement Accounts (IRAs)
      Offers various Individual Retirement Accounts (IRAs), including Traditional and Roth IRAs, and term share accounts where the dividend rate is determined by the investment term.
    • Offer retirement and investment services
      Provides various Individual Retirement Accounts (IRAs), including Traditional and Roth IRAs, term share accounts with term-based dividend rates, and access to financial planning services such as free 401(k) reviews, retirement and insurance strategies, mutual funds, stocks, bonds, and tax-deferred investments.
    • Provide Financial Planning and Investment Services
      Offers access to financial planning and investment services, including free 401(k) reviews, retirement strategies, insurance strategies, mutual funds/stocks/bonds, and tax-deferred investments.
  • Vehicle and Personal Loan Financing 2 activities
    • Offer Vehicle Loans
      Provides financing and refinancing for motorhomes, campers, travel trailers, and other vehicles. Offers quick approval with funds available the same day in most cases, up to 100% financing for qualified borrowers, and a 45-day payment deferral period for RV loan borrowers.
    • Provide vehicle and RV financing with flexible terms
      Offers financing and refinancing for motorhomes, campers, and travel trailers, including up to 100% financing for qualified borrowers and same-day funding in most cases. RV loan borrowers may also defer payments for up to 45 days.
  • Credit Union Branch Operations 2 activities
    • Operate Physical Branch Locations
      Operates a drive-thru office location in Phoenix, AZ, and a walk-up office location in Litchfield Park, AZ. Also provides access to extended and weekend banking services through participation in the Shared Branching Network.
    • Operate physical and shared branch access points
      Operates drive-thru and walk-up office locations in Phoenix and Litchfield Park, AZ, and provides extended and weekend banking access through participation in the Shared Branching Network.
  • Credit Counseling and Debt Management 1 activity
    • Offer Financial Calculators
      Provides various financial calculators to assist members, including tools to help pay off credit card balances, identify areas needing attention for businesses, and estimate potential monthly income from retirement savings.
  • Youth Financial Literacy Education 1 activity
    • Provide Financial Education for Children
      Provides four age-specific educational websites to teach children of various age groups about financial responsibility.
  • Uncategorized 2 activities
    • Deliver financial education resources for children and adults
      Provides four age-specific educational websites to teach children about financial responsibility and offers online financial calculators to help users manage credit card debt, assess business financial ratios, and estimate retirement income.
    • Offer savings and checking accounts with favorable terms
      Provides primary savings accounts requiring a $25 minimum deposit, money market accounts with higher interest rates for balances of $1,000 or more, and checking accounts with no monthly service fees or minimum daily balance requirements. Account holders can earn dividends on balances up to $15,000, paid monthly.
financials · form 990 · fy2022
revenue
Total revenue$2.19M
Contributions & grants$00%
Program service revenue$2.08M95%
Investment income$113K5%
Other revenue$0
expenses
Total expenses$1.97M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$813K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$35.15M
Cash$11.74M
Investments$0
Liabilities$32.86M
Net assets$2.29M
Liquid reserves71.4 mo
3 years on record · 2020–2022 · YoY revenue +8.3%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
Edward Moraga President/CEO 50 $104K
board members · 6
  • Carlos Guiterrez — Vice-Chairman
  • Cathy Poplin — Director
  • Deborah Hallahan — Director
  • Jacqueline Espinoza — Director
  • Jesse Linderman — Chairman
  • John Durbin — Treasurer
relationships · 6

who they work with

  • Alhambra Credit Union Partner — Provides various financial calculators to assist members in managing their finances.
  • Kelley Blue Book Partner — Provides access to Kelley Blue Book for vehicle valuation
  • MoneyPass Network Network — Participates in the MoneyPass Network to offer surcharge-free ATM access to members.
  • Osaic Wealth Partner — Partners to customize financial portfolios and strategies for members; securities are offered through them.
  • PFG Advisors Partner — Partners to customize financial portfolios and strategies for members; advisory services are offered through them.
  • Shared Branching Network Network — Participates in the Shared Branching Network to provide members with extended and weekend access to services.