Amplify Credit Union: FY2020 Nonprofit Profile & Form 990 (EIN 74-1592875)

Revenue by fiscal year
FY2020	$57.9M
FY2021	$69.7M
FY2022	$86.4M
FY2023	$83.6M
FY2024	$91.5M

Expenses by fiscal year
FY2020	$53.4M
FY2021	$55.3M
FY2022	$62.9M
FY2023	$76.8M
FY2024	$84.2M

Net assets by fiscal year
FY2020	$98.5M
FY2021	$112.2M
FY2022	$111.5M
FY2023	$122.5M
FY2024	$127.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $53.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

39 people listed on the 990; $9.0M paid to officers and key staff.

Part VII, Section A · reportable compensation

Paul a Trylko

Former President - CEO

$887,219Pt VII · Sec A

Nancy Ballman

SVP - COO - Retired

$596,339Pt VII · Sec A

Kendall Garrison

President - CEO

$499,256Pt VII · Sec A

Kendra T Eakins

Third Party Lending Account Executive

$483,519Pt VII · Sec A

Alejandro L Cardona

Mortgage Loan Originator

$452,816Pt VII · Sec A

Robert Almand

Avp - Third Party Lending

$437,796Pt VII · Sec A

Stacy R Armijo

SVP - Cxp

$373,550Pt VII · Sec A

Terry Neil Council

Avp - Retail Production Manager

$365,191Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Kendall Garrison	$1,101,130	$856,742	$1,109,498	$621,815	$499,256
Paul a Trylko	—	—	—	$150,854	$887,219
Nancy Ballman	—	—	—	$120,309	$596,339
Robert Almand	—	$152,800	$490,039	$519,566	$437,796
Stacy R Armijo	$374,995	$514,713	$368,046	$308,874	$373,550
John Orton	—	—	$499,316	$382,258	$316,425
Kendra T Eakins	—	—	—	—	$483,519
Alejandro L Cardona	—	—	$244,619	$392,556	$452,816

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Amplify Credit Union executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Improves lives and strengthens communities for its members.

Questions for Amplify Credit Union

Tap to ask. Amplify Credit Union sees how many people are interested.

Your first name shows with your question. Amplify Credit Union answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $53.4M · in their own filed words · FY2020

01

Amplify provides certificates of deposit, share accounts and checking accounts to members. The credit union pays interest on the savings and time deposits. In addition, the credit union provides various types of loans to its members, including residential and home equity loans, auto loans, business loans, and consumer loans.

$53.4Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$57.9M

Ln 12

Fees for servicesLn 2g$55.2M

Investment incomeLn 3$2.6M

Money outPt IX

$53.4M

Ln 25

Programscol B$53.4M

Owns and owesPt X

$98.5M

net assets · Ln 32

Cash and savingsLn 1–2$118.2M

Total assetsLn 16$1.1B

LiabilitiesLn 26$1.0B

PeoplePt VI, VII

39

listed · VII A

PaidVII A32

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$55.2M

Investment incomeLn 3$2.6M

Gains on assetsLn 7$602K

Total revenueLn 12$57.9M

Assets in detailPt X, end of year

CashLn 1$118.2M

Cash and savings togetherLn 1–2$118.2M

InvestmentsLn 11–13$132.2M

Land, buildings, equipmentLn 10c$23.8M

Other assetsLn 15$49.9M

Total assetsLn 16$1.1B

LiabilitiesLn 26$1.0B

Net assetsLn 32$98.5M

OperationsPt I, VI

EmployeesI 5273

VolunteersI 612

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$59.4M	$118.2M
InvestmentsLn 11–13	$75.8M	$132.2M
Land, buildings, equipmentLn 10c	$25.4M	$23.8M
Total assetsLn 16	$994.5M	$1.10B
LiabilitiesLn 26	$910.4M	$1.00B
Net assetsLn 32	$84.1M	$98.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$1.8M	$1.8M
Other salaries and wagesLn 7	$18.0M	$18.0M
Pension plan contributionsLn 8	$264K	$264K
Other employee benefitsLn 9	$2.8M	$2.8M
Payroll taxesLn 10	$1.4M	$1.4M
Legal feesLn 11b	$489K	$489K
Accounting feesLn 11c	$156K	$156K
Advertising and promotionLn 12	$483K	$483K
Office expensesLn 13	$3.9M	$3.9M
OccupancyLn 16	$4.4M	$4.4M
TravelLn 17	$95K	$95K
InterestLn 20	$6.5M	$6.5M
Depreciation, depletion and amortizationLn 22	$2.2M	$2.2M
InsuranceLn 23	$167K	$167K
Other expenses (24a–d)Ln 24	$9.9M	$9.9M
All other expensesLn 24e	$768K	$768K
Total functional expensesLn 25	$53.4M	$53.4M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$91.5M	$84.2M	$7.3M	$127.5M	990 PDF
FY2023	$83.6M	$76.8M	$6.8M	$122.5M	990 PDF
FY2022	$86.4M	$62.9M	$23.5M	$111.5M	990 PDF
FY2021	$69.7M	$55.3M	$14.4M	$112.2M	990 PDF
FY2020 Viewing	$57.9M	$53.4M	$4.4M	$98.5M	990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $57,863,468 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $55,395,162$55,222,680

I-10 Investment incomePrior year $3,002,759$2,640,788

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $58,397,921$57,863,468

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $22,872,859$24,309,111

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $30,917,480$29,139,933

I-18 Total expensesPrior year $53,790,339$53,449,044

I-19 Revenue less expensesPrior year $4,607,582$4,414,424

Part VI · Governance 7 of 7 board members independent, no flags

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $57,863,468 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,929,736 · Unrelated business $292,944$55,222,680

VIII-3 Investment incomeExcluded from tax $2,038,616$2,038,616

VIII-7 Net gain or loss on sales of assetsRelated to mission −$94,741 · Excluded from tax $696,913$602,172

VIII-12 Total revenueRelated to mission $54,834,995 · Unrelated business $292,944 · Excluded from tax $2,735,529$57,863,468

Part IX · Statement of functional expenses $53,449,044 across 16 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $1,838,439$1,838,439

IX-7 Other salaries and wagesPrograms $17,961,676$17,961,676

IX-8 Pension plan contributionsPrograms $264,211$264,211

IX-9 Other employee benefitsPrograms $2,844,455$2,844,455

IX-10 Payroll taxesPrograms $1,400,330$1,400,330

IX-11b Legal feesPrograms $489,393$489,393

IX-11c Accounting feesPrograms $156,120$156,120

IX-12 Advertising and promotionPrograms $483,344$483,344

IX-13 Office expensesPrograms $3,925,356$3,925,356

IX-16 OccupancyPrograms $4,392,722$4,392,722

IX-17 TravelPrograms $95,296$95,296

IX-20 InterestPrograms $6,528,068$6,528,068

IX-22 Depreciation, depletion and amortizationPrograms $2,211,825$2,211,825

IX-23 InsurancePrograms $167,229$167,229

IX-24 Other expenses (24a–d)Programs $9,922,457$9,922,457

IX-24e All other expensesPrograms $768,123$768,123

IX-25 Total functional expensesPrograms $53,449,044 · Management $0 · Fundraising $0$53,449,044

Part X · Balance sheet $1,100,705,305 assets, 12 lines filed

Asset lines not itemized here account for $776,678,752; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $59,430,166$118,185,945

X-10c Land, buildings and equipment, netStart of year $25,357,835$23,767,368

X-11 Publicly traded securitiesStart of year $45,445,188$123,254,812

X-12 Other securitiesStart of year $30,359,070$8,946,962

X-15 Other assetsStart of year $29,233,408$49,871,466

X-16 Total assetsStart of year $994,465,486$1,100,705,305

X-17 Accounts payable and accrued expensesStart of year $22,890,648$26,247,121

X-24 Unsecured notes and loans payableStart of year $84,583,694$91,906,191

X-25 Other liabilitiesStart of year $802,916,114$884,027,369

X-26 Total liabilitiesStart of year $910,390,456$1,002,180,681

X-32 Total net assets or fund balancesStart of year $84,075,030$98,524,624

X-33 Total liabilities and net assetsStart of year $994,465,486$1,100,705,305

Part XI · Reconciliation of net assets $98,524,624 net assets at year end

XI-1 Total revenue$57,863,468

XI-2 Total expenses$53,449,044

XI-3 Revenue less expenses$4,414,424

XI-4 Net assets at start of year$84,075,030

XI-5 Net unrealized gains (losses) on investments$2,106,365

XI-9 Other changes in net assets$7,928,805

XI-10 Net assets at end of year$98,524,624

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Amplify Credit Union FY2020 filing

Before you give