Truwest Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Truwest Credit Union is a 501(c)(14) organization based in Tempe, Arizona, registered in 1970, with $110,461,542 in FY2024 revenue. CharityIndex grades it A.
2190 E Elliot Rd Ste 310, Tempe, AZ, 85284 EIN 86-6050959 Since 1970
Revenue (FY2024)
$110.5M
▲ 19.2% vs prior year
Expenses (FY2024)
$100.8M
Net assets
$131.9M
Employees
311
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Truwest Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Truwest Credit Union: 16 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Truwest Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Truwest Credit Union: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
A cooperative providing financial solutions so members can achieve their goals.
Contact & location
Financial trends
Revenue grew from $44.5M (FY2013) to $110.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.5BNet assets $131.9M
Operating margin
8.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$1.5B
Net assets
$131.9M
Salaries & benefits
$34.5M
34% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $110,461,542▲19.2% | $100,822,855▲31.0% | $131,943,007▲6.2% | $1,607,001,608▼11.2% | 990 |
| 2023 | $92,658,143▲28.3% | $76,945,341▲27.6% | $124,206,862▲8.5% | $1,810,234,989▲19.5% | 990 |
| 2022 | $72,242,165▲12.8% | $60,300,911▲15.3% | $114,426,460▼20.1% | $1,514,781,756▼0.3% | 990 |
| 2021 | $64,029,017▼8.5% | $52,282,209▼10.9% | $143,279,457▲4.9% | $1,519,187,668▲11.0% | 990 |
| 2020 | $69,985,415▼2.3% | $58,663,699▼1.1% | $136,559,234▲9.6% | $1,368,227,248▲12.7% | 990 |
| 2019 | $71,602,053▲14.0% | $59,293,561▲8.5% | $124,582,693▲9.2% | $1,213,835,938▲5.3% | 990 |
| 2018 | $62,799,985▲10.5% | $54,672,598▲5.1% | $114,096,511▲6.9% | $1,152,658,837▲11.9% | 990 |
| 2017 | $56,816,269▲12.1% | $51,997,232▲11.5% | $106,705,511▲5.7% | $1,030,167,948▲6.5% | 990 |
| 2016 | $50,665,954▲4.4% | $46,614,551▲3.4% | $100,993,875▲2.7% | $967,262,442▲4.3% | 990 |
| 2015 | $48,513,601▲5.9% | $45,063,765▲11.4% | $98,367,208▲2.8% | $927,024,609▲3.7% | 990 |
| 2014 | $45,816,665▲3.0% | $40,444,724▲10.6% | $95,693,732▲4.6% | $893,629,857▲8.2% | 990 |
| 2013 | $44,478,077 | $36,552,190▲12.1% | $91,469,943▲4.3% | $826,260,838▲4.4% | 990 |
| 2012 | — | $32,616,631▼10.6% | $87,705,019▲9.9% | $791,363,473▲2.9% | 990 |
| 2011 | — | $36,491,975▼16.0% | $79,801,940▲14.4% | $768,817,535▲3.6% | 990 |
| 2010 | — | $43,428,235 | $69,777,017 | $741,978,379 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Alan Althouse — $927,301 (0.92% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Althouse | President & Ceo | 40 | $927,301 |
| Fred Farbod | Svp & Chief Lending Officer | 40 | $778,874 |
| Brent Cattani | Financial Advisor II | 40 | $604,362 |
| Chris Kearney | Svp & Chief Information Officer | 40 | $477,328 |
| Gary Bernard | Evp Chief Operations Officer | 40 | $450,338 |
| Katherine Sciascia | Mortgage Loan Originator | 40 | $433,156 |
| Michael Ward | Svp & Chief Financial Officer | 40 | $355,036 |
| Darren Kennon | Mortgage Loan Officer | 40 | $333,331 |
| Jennifer Kimmell | Svp & Chief Experience Officer | 40 | $325,289 |
| Alysse Medina | Svp & Chief Legal Officer | 40 | $262,390 |
| Kelly Argall | Mortgage Loan Officer | 40 | $260,581 |
| Nikki Badje | Svp & Chief People Officer | 40 | $247,927 |
| Kathleen Hoffman | Mortgage Loan Originator | 40 | $234,828 |
| Mike Moulton | Chairman | 5 | $19,225 |
| Dave Holody | Director | 1.5 | $18,367 |
| Rick O'connor | Vice Chairmain | 2 | $15,636 |
| Susanna Defranco | Treasurer | 1.5 | $15,353 |
| Steve Benton | Director | 1 | $15,115 |
| Scott Johs | Director | 1 | $13,650 |
| Tim Niesz | Director | 1 | $13,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Visa USA Inc | Credit & Debit Card Services | $2,265,679 |
| Ncr Corporation | Online Banking & Atm Maintenance | $1,354,453 |
| Corelation Inc | Core Processing System | $1,314,833 |
| Hubbard Broadcasting Inc | Digital Advertising | $1,109,954 |
| Amplifi Loyalty Solutions LLC | Card Reward Servicing | $1,006,057 |
Grants made · $168K in FY2024
6 grants totaling $168K in FY2024. All grants made by Truwest Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Phoenix Childrens Hospital | Operational support | $68,075 |
| American Lung Association | Operational support | $45,960 |
| Maricopa County Community College District Foundation | Operational support | $25,000 |
| Marbridge Foundation Inc | Operational support | $11,000 |
| Dell Childrens Foundation | Operational support | $9,810 |
| Gowest Credit Union Association | Defense fund contribution | $8,414 |
Frequently asked questions
- Is Truwest Credit Union a legitimate nonprofit?
- Yes. Truwest Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 86-6050959, based in Tempe, Arizona.
- What is Truwest Credit Union's EIN?
- Truwest Credit Union's Employer Identification Number (EIN) is 86-6050959.
- How much revenue does Truwest Credit Union report?
- Truwest Credit Union reported $110,461,542 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Truwest Credit Union have?
- CharityIndex grades Truwest Credit Union A, based on financial health (reserves and operating margin).
- How much does Truwest Credit Union's highest-paid employee make?
- The highest reported compensation on Truwest Credit Union's latest Form 990 is $927,301, paid to Alan Althouse (President & Ceo).
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Data for Truwest Credit Union (EIN 86-6050959) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.