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ARIZONA CENTRAL CREDIT UNION
PHOENIX, AZ · EIN 860098350 · Form 990 · FY2022 · Large ($10M-$50M) · www.azcentralcu.org
revenue
$38.3M
expenses
$32.1M
net assets
$53.7M
employees
209
volunteers
10
mission · from form 990

CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY.

profile · synthesized from sources

Arizona Central Credit Union is a financial cooperative that provides banking services, including savings accounts, checking accounts, and various loans, to its members. Serving Arizona for over 85 years, the credit union focuses on competitive rates and community involvement, with branches across the state.

irs program accomplishments · form 990 part iii · fy2022

what they reported doing

Program narrative the organization filed with the IRS. Ordered by program spending.

  1. #1 primary $0
    OUTGOING WIRE SERVICES
  2. #2 $0
    TRAINING
named programs · 25 · from sources

what they call their work

Auto Loans
Loans for purchasing new or used vehicles, or for refinancing existing auto loans, with competitive rates.
Business Loans
Competitive loan solutions for businesses, along with business checking accounts and payroll/ACH services.
CU Grow Youth Savings Account
Youth savings account designed to teach children and teens about financial literacy, money management, and healthy spending habits
CU Succeed College Scholarships
Annual scholarship program offering two awards to NextGEN high school members to support college education
Certificates of Deposit (CDs)
Savings options with fixed terms and predictable dividend earnings.
Credit Cards
Credit card options with competitive APRs.
Exempt Funds Checking
Checking account for exempt funds.
Health Savings Account (HSA)
Tax-advantaged tool for paying qualified medical expenses.
Health Savings Checking
Checking account for Health Savings Accounts.
Home Improvement Loan (Unsecured)
Personal loan for home improvement projects with amounts ranging from $5,000 to $25,000 and competitive rates
IRA Share
Individual Retirement Account share with potential tax benefits.
Money Market Account
Savings account offering tiered interest rates based on balance.
Money Market Accounts
High-yield savings accounts with tiered interest rates based on balance levels, available for both adults and youth (NextGEN Money Market)
Money Market Checking
Checking account offering tiered interest rates based on balance.
Mortgage Loans
Home financing options with competitive rates.
Motorcycle Loans
Specialized loan product with competitive rates and 90 days of no payments, designed for motorcycle purchases
NextGEN Money Market
Money market account specifically for youth members.
NextGEN Youth Accounts
Checking and savings accounts designed for youth aged 0-17 to teach financial habits, including a fee-free Visa Check Card and opportunities for prizes and scholarships.
NextGEN Youth Checking
Fee-free checking account for youth aged 0-17 with a FREE Visa® Check Card; younger members earn credits for deposits redeemable for prizes, and high school members can qualify for annual college scholarships
Overdraft & Identity Protection
Services to prevent overdrafts and protect against identity theft.
Personal Loans (You-Name-It™)
Flexible personal loans for various needs, including secured and unsecured options.
Share Savings Account
Basic savings account with a minimum to open of $5.00.
Simple Checking
No-fee checking account with no minimum balance, designed for everyday banking needs
Unsecured Home Improvement Loan
Loans from $5,000 to $25,000 for small outdoor home improvement projects.
You-Name-It Savings
Savings account with no minimum to open or minimum balance to obtain APY.
activities · 8 groups

what they do

  • Credit Union Financial Services 7 activities
    • Delivers financial services to Arizona members
      Serves nearly 58,000 members with over $500 million in assets, offering savings accounts, higher interest rates on savings, and lower or no fees compared to traditional banks since 1939.
    • Offering business share savings accounts
      Offers business share savings accounts to help businesses build capital for operating expenses and long-term growth.
    • Offering financial services to members
      Provides financial services to nearly 58,000 members with over $500 million in assets, offering higher interest rates on savings and lower or no fees compared to traditional banks, including share savings accounts for businesses and Apple Pay integration for consumer debit and credit cards.
    • Offering financial services to members
      Provides financial services to nearly 58,000 members with over $500 million in assets, offering higher interest rates on savings and lower or no fees compared to traditional banks, and includes share insurance coverage up to $250,000 per account through the NCUSIF.
    • Offering financial services to members
      Provides financial services to nearly 58,000 members with over $500 million in assets, offering higher interest rates on savings and lower or no fees compared to traditional banks, including share savings accounts for businesses and Apple Pay integration for consumer debit and credit cards.
    • Offering financial services to members
      Provides financial services to nearly 58,000 members with over $500 million in assets, offering higher interest rates on savings and lower or no fees compared to traditional banks, including share savings accounts for businesses.
    • Provides business savings accounts
      Offers business share savings accounts designed to help businesses build capital for operating expenses and long-term growth.
  • Small Business Financial Support and Education 6 activities
    • Offers financial education app to members
      Provides free access to a financial education app for members, covering the $40 annual cost to ensure no-cost financial literacy resources.
    • Provides free financial education app access to members
      Offers members free access to a financial education app, covering the $40 annual cost, to support financial literacy and wellness.
    • Providing financial education
      Provides free access to a financial education app for members, covering the $40 annual cost.
    • Providing financial education
      Provides free access to a financial education app for members, covering the $40 annual cost.
    • Providing financial education
      Provides free access to a financial education app for members, covering the $40 annual cost.
    • Providing financial education
      Provides free access to a financial education app for members by covering the $40 annual cost.
  • Back-to-School Supplies Distribution 5 activities
    • Community support and donations
      Donated funds to Phoenix Children's Hospital and distributed over 400 backpacks filled with school supplies to families in need through the Valleywise Health Foundation backpack drive.
    • Community support and donations
      Donated funds to Phoenix Children's Hospital and distributed over 400 backpacks filled with school supplies to families in need through the Valleywise Health Foundation backpack drive.
    • Community support and donations
      Donated funds to Phoenix Children's Hospital and distributed over 400 backpacks filled with school supplies to families in need through the Valleywise Health Foundation backpack drive.
    • Delivers community support through donations and supply drives
      Supports local communities by donating funds to organizations like Phoenix Children's Hospital and participating in supply distribution efforts, such as providing over 400 backpacks filled with school supplies through the Valleywise Health Foundation backpack drive.
    • Supporting community initiatives
      Donated funds to Phoenix Children's Hospital and distributed over 400 backpacks filled with school supplies to families in need through the Valleywise Health Foundation backpack drive.
  • Federally Insured Credit Union Accounts 5 activities
    • Ensuring account security
      Provides share insurance coverage of up to $250,000 per account and up to $250,000 for certain retirement accounts through the NCUSIF, and does not send unsolicited emails or text messages requesting personal information verification.
    • Ensuring account security
      Provides share insurance coverage of up to $250,000 per account and up to $250,000 for certain retirement accounts through the NCUSIF, and does not send unsolicited emails or text messages requesting personal information verification.
    • Ensuring account security
      Provides share insurance coverage of up to $250,000 per account and up to $250,000 for certain retirement accounts through the NCUSIF, and does not send unsolicited emails or text messages requesting personal information verification.
    • Insures member deposits through NCUSIF
      Provides share insurance coverage of up to $250,000 per account and up to $250,000 for certain retirement accounts through the National Credit Union Share Insurance Fund (NCUSIF).
    • Provides federally insured share accounts
      Ensures share insurance coverage of up to $250,000 per account and up to $250,000 for certain retirement accounts through the National Credit Union Share Insurance Fund (NCUSIF).
  • Digital Banking and Payment Services 5 activities
    • Integrating Apple Pay
      Offers Apple Pay integration for all consumer debit and credit cards, including Health Savings Account (HSA) debit cards.
    • Integrating Apple Pay
      Offers Apple Pay integration for all consumer debit and credit cards, including Health Savings Account (HSA) debit cards.
    • Integrating with Apple Pay
      Offers Apple Pay integration for all consumer debit and credit cards, including Health Savings Account (HSA) debit cards.
    • Offers Apple Pay integration for debit and credit cards
      Supports Apple Pay for all consumer debit and credit cards, including Health Savings Account (HSA) debit cards, enabling secure and convenient digital payments for members.
    • Offers consumer financial products with Apple Pay integration
      Provides consumer debit and credit cards, including Health Savings Account (HSA) debit cards, all integrated with Apple Pay for digital payment convenience.
  • Credit Union Branch Operations 5 activities
    • Operates physical branch network in Arizona
      Operates nine full-service branches across Arizona, including locations in Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson, and Show Low, providing in-person financial services to members.
    • Operates physical branch network in Arizona
      Operates nine full-service branches in Arizona locations including Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson, and Show Low, providing in-person financial services to members.
    • Operating physical branches
      Operates 9 full-service physical branches in Arizona, including locations in Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson, and Show Low.
    • Operating physical branches
      Operates 9 full-service physical branches in Arizona, including locations in Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson, and Show Low.
    • Operating physical branches
      Operates 9 full-service physical branches in Arizona, including locations in Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson, and Show Low.
  • Parenting Education and Skill-Building Programs 5 activities
    • Provides access to surcharge-free ATMs and shared branching
      Enables members to access over 30,000 surcharge-free ATMs nationwide through the CO-OP ATM Network and provides access to more than 5,000 shared branches via CO-OP Shared Branching, expanding service reach beyond physical locations.
    • Provides nationwide ATM and shared branch access
      Enables members to access over 30,000 surcharge-free ATMs nationwide through the CO-OP ATM Network and provides access to more than 5,000 shared branches across the country via CO-OP Shared Branching.
    • Providing ATM and shared branch access
      Provides members access to over 5,000 shared branches and 55,000 surcharge-free ATMs nationwide via CO-OP Shared Branching and ATM networks, including over 30,000 surcharge-free ATMs.
    • Providing ATM and shared branch access
      Provides members access to over 5,000 shared branches and 55,000 surcharge-free ATMs nationwide via CO-OP Shared Branching and ATM networks, including over 30,000 surcharge-free ATMs.
    • Providing ATM and shared branch access
      Provides members access to over 5,000 shared branches and 55,000 surcharge-free ATMs nationwide via CO-OP Shared Branching and ATM networks, including over 30,000 surcharge-free ATMs.
  • Uncategorized 6 activities
    • Administers college scholarships for youth members
      Offers two annual college scholarships exclusively to NextGEN high school members, supporting educational advancement for young credit union members.
    • Awards annual college scholarships to youth members
      Offers two annual college scholarships exclusively to NextGEN high school members as part of youth financial engagement and support initiatives.
    • Conducts community giving and donation initiatives
      Supports local communities through donations, including contributions to Phoenix Children's Hospital and distribution of over 400 backpacks filled with school supplies via the Valleywise Health Foundation backpack drive.
    • Offering college scholarships
      Offers two annual college scholarships exclusively to NextGEN high school members.
    • Offering college scholarships
      Offers two annual college scholarships exclusively to NextGEN high school members.
    • Offering college scholarships
      Offers two annual college scholarships exclusively to NextGEN high school members.
financials · form 990 · fy2022
revenue
Total revenue$38.27M
Contributions & grants$00%
Program service revenue$29.96M78%
Investment income$2.61M7%
Other revenue$5.71M
expenses
Total expenses$32.07M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$14.77M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$755.23M
Cash$10.89M
Investments$61.95M
Liabilities$701.52M
Net assets$53.71M
Liquid reserves27.3 mo
2 years on record · 2020–2022 · YoY revenue +1.4%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 17
NameTitleHours/wkCompensation
GREGORY HARDEN CEO 40 $406K
JUSTIN WHITESIDES SVP CHIEF ADMINISTRATIVE OFFICER 40 $240K
JANET MOODIE SVP COO 40 $237K
YVETTE CLAY VP CLO 40 $182K
LISA WILMOT DIR. MORTGAGE OPERATIONS 40 $179K
MICHAEL NEILL CFO, VP OF FINANCE & ACCOUNTING 40 $173K
ANGELA SMITH VP CHIEF STRATEGIST 40 $160K
KATHERIN PLUHOWSKY VP FINANCIAL RESOLUTION 40 $153K
PAUL BAUER III DIR. BUSINESS FINANCIAL SERVICES 40 $144K
MARK DENKE CHAIR 20 $13K
SANDRA WATTS SECRETARY 15 $10K
STEPHANIE MCQUILLAN VICE CHAIR 15 $10K
VERONICA PIOTROWSKI TREASURER 15 $10K
BRIAN RACZYNSKI BOD MEMBER 10 $8K
NICOLETTE LEMMON BOD MEMBER 10 $8K
KYLE HALLSTORM BOD MEMBER 10 $6K
LARRY PFEIFFER CHAIR ELECT 10 $4K
relationships · 11

who they work with

  • Apple Partner — References Apple software in security guidance for members.
  • Arizona Department of Financial Institutions Government — State agency that charters and regulates Arizona Central Credit Union.
  • CO-OP ATM Network Network — Member network providing surcharge-free ATM access nationwide
  • CO-OP ATM Network Partner — Provides network access for over 30,000 surcharge-free ATMs nationwide.
  • CO-OP Shared Branching Network — Member network providing shared branching access to members
  • CU Succeed College Scholarships Partner — Provides college scholarships in collaboration with the CU Succeed program for NextGEN high school members.
  • Google Partner — References Google software in security guidance for members.
  • Microsoft Partner — References Microsoft software in security guidance for members.
  • National Credit Union Administration Government — Administers the National Credit Union Share Insurance Fund (NCUSIF) that insures member savings.
  • Phoenix Children's Hospital Partner — Recipient of financial donations from Arizona Central Credit Union to support patients and families.
  • Valleywise Health Foundation Partner — Partnered with Arizona Central Credit Union for a backpack drive distributing school supplies to families in need.