Copper State Credit Union

Phoenix, AZ · Mutual-benefit / member-serving · Since 1951

! Not tax-deductible
Revenue
$38.1M
+12% vs prior year
Spent
$37.2M
Net assets
$36.1M
By yearFY2020–FY2024
Revenue
$38.1M
FY2024▲ +12%
Revenue by fiscal year
FY2020$24.3M
FY2021$24.1M
FY2022$28.6M
FY2023$33.9M
FY2024$38.1M
Expenses
$37.2M
FY2024▲ +15%
Expenses by fiscal year
FY2020$24.8M
FY2021$23.2M
FY2022$24.8M
FY2023$32.4M
FY2024$37.2M
Net assets
$36.1M
FY2024▼ -4%
Net assets by fiscal year
FY2020$44.9M
FY2021$43.5M
FY2022$33.0M
FY2023$37.6M
FY2024$36.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCopper State Credit Union
EINHdr · item D86-6050693
Exempt statusHdr · item I501(c)(14) · active
Ruling yearIRS BMFOct 1970
Year of formationHdr · item L1951
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPhoenix, AZ
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.copperstatecu.org

Financial health

Is it on solid ground?

Surplus margin
+2%
revenue over expenses, this year▼ -50% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$592.1M
FY2024▼ -1%
Total assets by fiscal year
FY2020$529.6M
FY2021$599.4M
FY2022$609.5M
FY2023$600.5M
FY2024$592.1M
Total liabilities
$556.0M
FY2024▼ -1%
Total liabilities by fiscal year
FY2020$484.7M
FY2021$555.9M
FY2022$576.5M
FY2023$562.9M
FY2024$556.0M
Revenue less expensesPt I · Ln 19$834K
Total assetsPt X · Ln 16$592.1M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$35.1M
Total assetsLn 16$592.1M
Total liabilitiesLn 26$556.0M
Total net assetsLn 32$36.1M
Months of cash on handcomputed11.3

Statement of Revenue

Part VIII
Program service revenue$35.2M · 93%
Investment income$2.8M · 7%
Program service revenue93%$35.2M
Investment income7%$2.8M
Total revenueLn 12$38.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $117.7M · Operating expenses/yr $37.2M
37.9 months
Where the money goes
Program services
Program services — · Total expenses $37.2M
—
Management & General
Management & general — · Total expenses $37.2M
—
Fundraising
Fundraising — · Total expenses $37.2M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $38.1M
0%
Government reliance
Government grants — · Total revenue $38.1M
—
Earned-income share
Program service revenue $35.2M · Total revenue $38.1M
93%
Investment reliance
Investment income $2.8M · Total revenue $38.1M
+7%
Program self-sufficiency
Program service revenue $35.2M · Total expenses $37.2M
95%
Growth & trend
Revenue growth (YoY)
This year $38.1M · Prior year $33.9M
+12%
Revenue CAGR
FY2020 $24.3M · FY2024 $38.1M
+12%
Net-asset trend (YoY)
End of year $36.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $38.1M · Expenses $37.2M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $592.1M
—
Net-asset ratio
Net assets $36.1M · Total assets $592.1M
6%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $79.7M · Other securities (Pt X, ln 12) $2.9M · Total assets (Pt X, ln 16) $592.1M
14%
People & payroll
Highest Reported Total Compensation
Individual Robert Scott · Reported title PRESIDENT/CEO · Highest reported compensation $407K · Total expenses $37.2M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $12.2M · Total expenses $37.2M
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 12%——
Legal fee ratio -0.09%——
Accounting fee ratio 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$406,765Pt VII · Sec A
SVP Chief Lending Officer
$203,556Pt VII · Sec A
SVP Chief Technology Officer
$198,686Pt VII · Sec A
Wealth Management
$183,697Pt VII · Sec A
SVP Chief HR Officer
$172,849Pt VII · Sec A
Chief Information Officer
$167,247Pt VII · Sec A
Chief Financial Officer
$163,106Pt VII · Sec A
Chairperson
$5,200Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Robert Scott$406,765$452,703$411,163$428,502$404,896
Anthony Rocha——$181,447$221,132$183,836
Richard Reiley$203,556$184,602$166,822——
Gregory Albano$198,686$196,360$166,999$166,572—
Jaclyn Marquez————$193,183
Anthony D'Astice$183,697————
David Skilton—$173,361$168,099$168,998$164,538
Amy Singpradith$172,849$165,426—$127,283—

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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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps families build financial prosperity.

Provided by the organization

This section is blank until Copper State Credit Union claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Provide financial services, including checking accounts, ATM/DEBIT cards, credit cards, savings accounts, certificates of deposit and money market accounts.

Pt IX · col B
02

Provided credit in 2024 to 3,249 members for $120,805,039. As of december 31, 2024, 15,579 members had $432,492,491 in outstanding loans.

Pt IX · col B
03

Promote thrift to 43,441 members with total deposits of $524,782,241 as of december 31, 2024.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$957K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $38.1M$37.2M+12% 990 PDF
FY2023 $33.9M$32.4M+19% 990 PDF
FY2022 $28.6M$24.8M+18% 990 PDF
FY2021 $24.1M$23.2M-0.6% 990 PDF
FY2020 $24.3M$24.8M 990 PDF

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Schedules filed Part IV

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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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