Nonprofit · EIN 86-0101004
ARIZONA FINANCIAL CREDIT UNION
Tax-exempt · PHOENIX, AZ 85008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $225,880,309 | $197,180,064 | $28,700,245 | $3,421,476,840 | $3,082,457,364 | $339,019,476 |
| December 31, 2023 | 990 | $204,218,702 | $167,917,483 | $36,301,219 | $3,314,738,957 | $3,013,013,637 | $301,725,320 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $178,762,523
- Investment income
- $41,799,659
- Net gain from sales of assets
- -$56,861
- Other revenue
- $5,318,127
Expenses
- Grants and similar amounts paid
- $251,482
- Compensation of officers, directors and key employees
- $4,505,654
- Other salaries and wages
- $60,328,980
- Salaries, compensation and benefits (total)
- $82,242,082
- Professional fundraising fees
- $0
- Legal fees
- $277,312
- Accounting fees
- $298,015
- Occupancy
- $4,319,797
- Travel
- $786,871
- Depreciation
- $5,588,096
Balance sheet and other
- Total assets, start of year
- $3,314,738,957
- Total assets, end of year
- $3,421,476,840
- Total liabilities, end of year
- $3,082,457,364
- Net assets, end of year
- $339,019,476
- Land, buildings and equipment
- $45,311,338
- Publicly traded securities
- $710,205,652
- Gross unrelated business income
- $13,565,952
- Gross receipts
- $226,010,348
- Employees
- 816
- Volunteers
- 13
- Year formed
- 2022
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amy Hysell | President/CEO (AZFCU) Officer | 40 | $777,889 | $65,426 |
| Kelly Harding | COMMERCIAL PRODUCER (AFIS) Highest-paid employee | 40 | $639,141 | $37,459 |
| Gregory Okonowski | COMMERCIAL PRODUCER (AFIS) Highest-paid employee | 40 | $577,140 | $29,781 |
| Michael Thorell | Arizona Market President & Chief Lending Officer (AZFCU) Key employee | 40 | $488,270 | $63,735 |
| Jason Paprocki | EVP & Chief Strategy Officer (AZFCU) Key employee | 40 | $506,725 | $39,457 |
| Andrew Martinez | COMMERCIAL PRODUCER (AFIS) Highest-paid employee | 40 | $486,232 | $21,292 |
| Ryan West | Investment Representative (AZFCU) Highest-paid employee | 40 | $470,211 | $34,669 |
| Joseph Cook | PPD Producer (AFIS) Highest-paid employee | 40 | $468,862 | $30,529 |
| Chad Forkenbrock | EVP & Chief Operating Officer (AZFCU) Key employee | 40 | $448,658 | $38,101 |
| Gregory Thorell | SVP Residential Lending (AZFCU) Key employee | 40 | $423,266 | $44,786 |
| William Randall Gaston | SVP & Commercial Lending (AZFCU) Key employee | 40 | $418,085 | $33,750 |
| Juan Ruiz | EVP & Chief People and Culture Officer (AZFCU) Key employee | 40 | $385,392 | $39,436 |
| Travis Merrell | SVP & Chief Credit Officer (AZFCU) Key employee | 40 | $316,688 | $27,481 |
| Travis Fonnesbeck | SVP & CFO (AZFCU) Officer | 40 | $306,833 | $28,687 |
| William Greene | Board Chairperson Trustee or director, Officer | 3 | $21,979 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Libby Bissa | Board Secretary Trustee or director, Officer | 3 | $17,010 |
| Cathleen Gleason | Board Member Trustee or director | 3 | $12,412 |
| David Albertson | Board Vice chairperson Trustee or director, Officer | 3 | $1,588 |
| Zeek Ojeh | Board Treasurer Trustee or director, Officer | 3 | $0 |
| Debby Black | Board Member Trustee or director | 3 | $0 |
| Jeffrey Barton | Board Member Trustee or director | 3 | $0 |
| Jennifer Villalobos | Board Member Trustee or director | 3 | $0 |
| Kim Baldwin | Board Member Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ronald Westad | Advisor Key employee | 40 | $1,338,714 | $30,924 |
| Amy Hysell | President/CEO Officer | 40 | $645,144 | $229,738 |
| Michael Thorell | Arizona Market President & Chief Lending Officer Key employee | 40 | $438,676 | $138,408 |
| Gregory Thorell | SVP Residential Lending Key employee | 40 | $425,070 | $122,409 |
| Jason Paprocki | EVP & Chief Strategy Officer Key employee | 40 | $441,092 | $100,673 |
| William Randall Gaston | SVP & Commercial Lending Key employee | 40 | $423,463 | $102,903 |
| Chad Forkenbrock | EVP & Chief Operating Officer Key employee | 40 | $344,587 | $178,956 |
| Melissa Gullotta Brown | SVP & Member Services Highest-paid employee | 40 | $304,339 | $133,687 |
| Travis Merrell | SVP & Chief Credit Officer Key employee | 40 | $320,913 | $97,419 |
| Juan Ruiz | EVP & Chief People and Culture Officer Key employee | 40 | $316,853 | $92,356 |
| Travis Fonnesbeck | SVP & CFO Officer | 40 | $270,445 | $98,183 |
| Diane Hank | General Counsel & Chief Compliance Officer Highest-paid employee | 40 | $287,657 | $62,145 |
| Scott Willits | Commercial Loan Officer Highest-paid employee | 40 | $294,850 | $40,644 |
| Jared Shintaku | Director of Gov. Guaranteed Loan Production Highest-paid employee | 40 | $287,921 | $42,236 |
| Ryan West | Investment Representative Highest-paid employee | 40 | $293,827 | $36,275 |
| Cathleen Gleason | Board Member Trustee or director | 3 | $18,000 | $0 |
| Timothy Black | Board Member Trustee or director | 3 | $3,186 | $0 |
| David Albertson | Board Vice chairperson Trustee or director, Officer | 3 | $0 | $0 |
| Libby Bissa | Board Secretary Trustee or director, Officer | 3 | $0 | $0 |
| William Greene | Board Chairperson Trustee or director, Officer | 3 | $0 | $0 |
| Zeek Ojeh | Board Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Jeffrey Barton | Board Member Trustee or director | 3 | $0 | $0 |
| Jennifer Genga | Board Member Trustee or director | 3 | $0 | $0 |
| KELVIN SMITH | BOARD MEMBER (PARTIAL YEAR) Trustee or director | 3 | $0 | $0 |
| Kim Baldwin | Board Member Trustee or director | 3 | $0 | $0 |
| ROY LAVENDA | BOARD MEMBER (PARTIAL YEAR) Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 N 44TH ST, PHOENIX, AZ 85008-6568
- Principal officer (990 for 2024)
- Amy Hysell, 333 N 44TH STREET, Phoenix, AZ 85008
- Signed the 990
- Travis Fonnesbeck, SVP & Chief Financial Officer
- Phone
- (602) 683-1000
- Website
- www.arizonafinancial.org
- Return prepared by
- CROWE LLP
Mission
The purpose of Arizona Financial Credit Union (AZFCU) is to promote thrift and to provide credit to its members.
Program accomplishments
- AZFCU IS A STATE CHARTERED COOPERATIVE ASSOCIATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS. THE CREDIT UNION PROVIDES MORTGAGE, VEHICLE AND OTHER CONSUMER AND COMMERCIAL LOANS TO ITS MEMBERS. THE CREDIT UNION ALSO OFFERS A VARIETY OF ACCOUNTS FOR MEMBERS TO TRANSACT AND SAVE, INCLUDING SHARE DRAFT ACCOUNTS AND SHARE CERTIFICATES. AS A MEMBER-OWNED ORGANIZATION, THE CREDIT UNION STRIVES TO PROVIDE COMPETITIVE INTEREST AND DIVIDEND RATES TO ITS MEMBERS AND CONVENIENT WAYS FOR MEMBERS TO ACCESS THEIR ACCOUNTS, INCLUDING ONLINE AND MOBILE BANKING AND SHARED BRANCHING SERVICES.
- AZFCU OFFERS CREDIT LIFE AND DISABILITY INSURANCE TO ITS MEMBERS WHEN THEY FINANCE A VEHICLE OR OPEN A CREDIT CARD. THIS INSURANCE WOULD PAY OFF THE LOAN IN THE CASE OF A DEATH OR DISABILITY. AZFCU OFFERS AUTO WARRANTIES AT FAIR PRICES TO ITS MEMBERS. THESE WARRANTIES ARE COMPREHENSIVE AND HELP WITH THE COSTS OF REPAIR OF THE VEHICLE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0101004
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $3,421,476,840
- Income (IRS master file)
- $226,010,348
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $225,880,309 | $197,180,064 | $3,421,476,840 | XML |
| 990 | December 2023 | $204,218,702 | $167,917,483 | $3,314,738,957 | XML |
| 990 | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0101004).
Questions about ARIZONA FINANCIAL CREDIT UNION
- What is the EIN of ARIZONA FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of ARIZONA FINANCIAL CREDIT UNION is 86-0101004.
- Is ARIZONA FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2024.
- Are donations to ARIZONA FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ARIZONA FINANCIAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARIZONA FINANCIAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARIZONA FINANCIAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ARIZONA FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Amy Hysell.
- Who are the officers and directors of ARIZONA FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 23 people; 18 received compensation from the organization, the highest $777,889 (Amy Hysell, President/CEO (AZFCU)).
- How much revenue does ARIZONA FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $225,880,309, expenses of $197,180,064 and total assets of $3,421,476,840 at year end.
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