Credit Union West FY2020 filing

Glendale, AZMutual-benefit / member-servingSince 1951Mutual / membership EIN 86-0108241Revenue $45.5M in FY2020Latest return filed Apr 30, 2026

On file with the IRScuwest.org10150 W Desert River Blvd, 85307-3008 · Glendale, AZTax-exempt since Oct 1970

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To inspire our members, employees and communities to achieve their financial goals and enhance their quality of life.

$3.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $11.0M a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$3.4M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
37 mo
of spending, in cash
Looks good: 37.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$831.6M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45.5M
Spent
$39.3M
Net assets
$89.7M
By yearFY2020–FY2025
Revenue
$45.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$45.5M
FY2021$47.1M
FY2022$55.1M
FY2023$73.8M
FY2024$93.5M
FY2025$103.4M
Expenses
$39.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$39.3M
FY2021$39.0M
FY2022$40.9M
FY2023$60.3M
FY2024$81.3M
FY2025$92.0M
Net assets
$89.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$89.7M
FY2021$97.6M
FY2022$103.3M
FY2023$115.7M
FY2024$127.7M
FY2025$142.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1970.

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

Who runs it and what they're paid

19 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/President
$736,503Pt VII · Sec A
Svp- Chief Financial Offic
$444,800Pt VII · Sec A
Vp- Chief Lending Officer
$350,459Pt VII · Sec A
Vp- Enterprise Risk Manage
$318,328Pt VII · Sec A
Vp- Chief Information Offi
$302,223Pt VII · Sec A
VP of Branches
$254,531Pt VII · Sec A
Mortgage Loan Originator
$254,507Pt VII · Sec A
VP - Human Resources and D
$173,716Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Roch Karen$820,805$1,033,439$684,599$504,787$761,274$736,503
Duong Ning$478,287$438,202$370,757$270,831$151,413—
Chan Pamela————$304,019$444,800
Poldoski Kelly$393,954$316,176$200,856$149,704——
Birr Robert$350,047$327,999$388,298$254,363$232,203$350,459
Brown Cheryl—$223,428$349,051$203,782$14,708—
Loveland Connie——$343,386$274,498$203,950—
Christensen Ben D$337,058$271,424————

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.

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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

Programs and updates

Offers loans and financial services to credit union members.

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1 program · in their own filed words · FY2020
01

Financial cooperative to provide loans and financial services to credit union members.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$45K
Grants paid · 6 grants · $908K · 2023–2025
Unitemized GrantFY2025$132,000
Cu West Cares INCAZ · FY2025$100,000
Unitemized GrantFY2024$330,800
Cu West Cares INCAZ · FY2024$200,000
Unitemized GrantFY2023$100,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$45.5M
Ln 12
Fees for servicesLn 2g$44.2M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$8K
Money outPt IX
$39.3M
Ln 25
Owns and owesPt X
$89.7M
net assets · Ln 32
Cash and savingsLn 1–2$122.4M
Total assetsLn 16$921.2M
LiabilitiesLn 26$831.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A12
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$44.2M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$8K
Gains on assetsLn 7$37K
Total revenueLn 12$45.5M
Assets in detailPt X, end of year
CashLn 1$5.2M
SavingsLn 2$117.2M
Cash and savings togetherLn 1–2$122.4M
Accounts receivableLn 4$3.8M
Notes and loans receivableLn 7$676.8M
Prepaid expenses and deferred chargesLn 9$1.1M
Land, buildings, equipmentLn 10c$31.0M
InvestmentsLn 11–13$67.0M
Other assetsLn 15$19.1M
Total assetsLn 16$921.2M
LiabilitiesLn 26$831.6M
Net assetsLn 32$89.7M
OperationsPt I, VI
EmployeesI 5332
VolunteersI 617
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
LineStart FY20End FY20
Cash and savingsLn 1–2$43.2M$122.4M
InvestmentsLn 11–13$57.8M$67.0M
Land, buildings, equipmentLn 10c$27.9M$31.0M
Total assetsLn 16$772.5M$921.2M
LiabilitiesLn 26$690.1M$831.6M
Net assetsLn 32$82.4M$89.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3.0M
Other salaries and wagesLn 7$10.6M
Pension plan contributionsLn 8$1.7M
Other employee benefitsLn 9$717K
Payroll taxesLn 10$1.0M
Legal feesLn 11b$274K
Accounting feesLn 11c$107K
Other fees for servicesLn 11g$1.1M
Advertising and promotionLn 12$934K
Office expensesLn 13$2.4M
Information technologyLn 14$2.1M
OccupancyLn 16$728K
TravelLn 17$10K
Conferences, conventions and meetingsLn 19$1K
InterestLn 20$5.1M
Payments to affiliatesLn 21$37K
Depreciation, depletion and amortizationLn 22$1.3M
InsuranceLn 23$124K
Other expenses (24a–d)Ln 24$7.9M
All other expensesLn 24e$22K
Total functional expensesLn 25$39.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 30, 2026 $103.4M$92.0M$11.4M$142.6M 990 PDF
FY2024Filed with the IRS Apr 25, 2025 $93.5M$81.3M$12.2M$127.7M 990 PDF
FY2023Filed with the IRS Apr 25, 2024 $73.8M$60.3M$13.5M$115.7M 990 PDF
FY2022Filed with the IRS May 1, 2023 $55.1M$40.9M$14.3M$103.3M 990 PDF
FY2021Filed with the IRS May 6, 2022 $47.1M$39.0M$8.2M$97.6M 990 PDF
FY2020 ViewingFiled with the IRS May 12, 2021 $45.5M$39.3M$6.2M$89.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $45,503,288 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $40,707,472$44,153,882
I-10 Investment incomePrior year $2,176,877$1,341,027
I-11 Other revenuePrior year $10,532$8,379
I-12 Total revenuePrior year $42,894,881$45,503,288
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 $16,193,570$17,026,529
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,609,390$22,290,568
I-18 Total expensesPrior year $36,802,960$39,317,097
I-19 Revenue less expensesPrior year $6,091,921$6,186,191
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $45,503,288 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,889,635 · Unrelated business $264,247$44,153,882
VIII-3 Investment incomeExcluded from tax $1,303,600$1,303,600
VIII-6 Net rental income or lossExcluded from tax $8,379$8,379
VIII-7 Net gain or loss on sales of assetsRelated to mission $37,427$37,427
VIII-12 Total revenueRelated to mission $43,927,062 · Unrelated business $264,247 · Excluded from tax $1,311,979$45,503,288
Part IX · Statement of functional expenses $39,317,097 across 20 lines filed
IX-5 Pay of current officers, directors and key staff$2,999,101
IX-7 Other salaries and wages$10,607,286
IX-8 Pension plan contributions$1,687,133
IX-9 Other employee benefits$716,622
IX-10 Payroll taxes$1,016,387
IX-11b Legal fees$273,720
IX-11c Accounting fees$106,647
IX-11g Other fees for services$1,083,508
IX-12 Advertising and promotion$933,943
IX-13 Office expenses$2,437,825
IX-14 Information technology$2,148,181
IX-16 Occupancy$728,331
IX-17 Travel$10,105
IX-19 Conferences, conventions and meetings$1,381
IX-20 Interest$5,131,851
IX-21 Payments to affiliates$36,838
IX-22 Depreciation, depletion and amortization$1,321,894
IX-23 Insurance$124,053
IX-24 Other expenses (24a–d)$7,930,049
IX-24e All other expenses$22,242
IX-25 Total functional expenses$39,317,097
Part X · Balance sheet $921,242,904 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $5,742,976$5,201,281
X-2 Savings and temporary cash investmentsStart of year $37,467,775$117,213,692
X-4 Accounts receivableStart of year $35,993$3,833,266
X-7 Notes and loans receivableStart of year $625,577,921$676,798,340
X-9 Prepaid expenses and deferred chargesStart of year $1,050,215$1,099,474
X-10c Land, buildings and equipment, netStart of year $27,908,363$30,984,432
X-11 Publicly traded securitiesStart of year $46,921,191$52,841,037
X-12 Other securitiesStart of year $10,878,200$14,137,300
X-15 Other assetsStart of year $16,948,582$19,134,082
X-16 Total assetsStart of year $772,531,216$921,242,904
X-17 Accounts payable and accrued expensesStart of year $15,085,086$19,137,820
X-23 Secured mortgages and notes payableStart of year $25,000,000$0
X-25 Other liabilitiesStart of year $650,022,284$812,442,549
X-26 Total liabilitiesStart of year $690,107,370$831,580,369
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $82,423,846$89,662,535
X-32 Total net assets or fund balancesStart of year $82,423,846$89,662,535
X-33 Total liabilities and net assetsStart of year $772,531,216$921,242,904
Part XI · Reconciliation of net assets $89,662,535 net assets at year end
XI-1 Total revenue$45,503,288
XI-2 Total expenses$39,317,097
XI-3 Revenue less expenses$6,186,191
XI-4 Net assets at start of year$82,423,846
XI-5 Net unrealized gains (losses) on investments$765,403
XI-9 Other changes in net assets$287,095
XI-10 Net assets at end of year$89,662,535

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

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