Promise yourself to live your life as a revolution and not just a process of evolution.“ “

– Anthony J. D’Angelo

2

Chairman’s message

There are many words that come to mind when I reflect on the past year. But out of all of them,

perseverance, collaboration and evolution are most prominent.

Credit unions have more than one hundred years of history during which the industry has consistently evolved and

changed. Change is often difficult and full of uncertainty. It is however, inevitable and necessary for continued

success. Through the process of merging our three states into one Association, we have not only weathered

challenging times, but have also evolved while remaining true to our historical credit union values.

Looking back, the successes that we are celebrating now are the result of consistent focus of leadership

throughout Arizona, Colorado and Wyoming. My fellow board members have selflessly shown an unwavering

commitment to collaboration and have created a strong future for this organization. In addition, I want to extend

my gratitude for the effort and dedication I’ve seen from the Association staff and management, as well as the

exceptional leadership that our President, Scott Earl, has provided, ensuring the success we’ve enjoyed.

Louise Herring, one of the great pioneers of the credit union movement, once said, “We must remember what

we started out to do and then find ways to do it with the modern techniques available.” One year after our states

have merged, my expectations have been exceeded. We are seeing the economies of scale that we set out to

create. By combining efforts, your Association has been able to combine resources to increase efficiency and

eliminate redundancy, with the ultimate goal of achieving financial success for our member credit unions. We

are seeing Association dues stretch further while seeing a continued increase in member service.

As the marketplace changes and credit unions face new challenges, our Association continues to provide relevant

and valued services and will remain a vital resource. Our Association has worked to increase communication

among our three states and create a true collaborative, tri-state network, which has expanded and deepened

relationships and involvement throughout the greater credit union community.

It has been one year and I can say that I am proud of the commitment and focus. No transition is perfect,

and we will always have work ahead of us if we are to persevere and continue to evolve as an organization, a

collaborative network and a movement. However, we are moving in a positive direction. In closing, I leave you

with a few words from Henry Ford, “Coming together is a beginning. Keeping together is progress. Working together is success.”

Mike WilliamsChairman

3

president’s messageI ran across a quote the other day that I had not seen before. It comes

from credit union pioneer Edward Filene. A very successful entrepreneur,

he saw the difference credit unions could make for the average American

and spent over a million dollars of his own money to help create the

movement we enjoy today. He said, “The door to success is always labeled ‘Push.’”

Throughout the history of the credit union movement there have always

been those individuals who pushed and made success happen. Much like

Filene they pushed their credit union, league or the Credit Union National

Association to new heights.

Today, we stand at the beginning of the Mountain West Credit Union Association. It plows new ground for credit unions in the United States. It’s the first time

that the credit unions in three states have come together in one association. While I could cite a myriad of

sound reasons for this move, the bottom line is that Wyoming, Colorado and Arizona credit unions made a

bold move to reach beyond their borders and pushed to find new ways to work together. I want to pay tribute

to the board members of each state organization and especially the chairmen, Marsha Tynsky, Bob Ramirez

and Mike Williams. I am extremely grateful for these great leaders that recognized change needed to happen

and pushed to create increased cooperation.

As our annual meeting theme suggests, we are constantly evolving to meet the needs of our members. We

are stepping up our efforts in the regulatory arena, doing more on behalf of credit unions with lawmakers

and the media, and developing new and innovative approaches to providing education and training. On top

of that, our service corporation, Strategic Partners, is adding new products and services. The merger has also

reduced redundancies and created over $500,000 in savings in our first full year.

Our goal is to be the type of organization where each and every credit union sees increasing value. We want

to see more and more credit unions working together for success and we want to be the catalyst for that

cooperation. Along those lines, there are currently credit unions that are not members of the Association.

We will be working hard to encourage them to rejoin. I would ask you, as peers, to invite them back to the

Association. If all the credit unions that are not members had joined this year, each credit union would have

seen a 12 percent reduction in their dues.

As I conclude this report, I want to thank each of you for your ongoing support. I also want to thank an

amazing staff who has come together more quickly than anyone would have guessed. They are committed to

our mission and the success of the credit union movement. I am honored to work with these fine individuals.

Let’s continue to “push through that door to success.”

Scott EarlPresident / CEO

mountain West Credit union assoCiation Board of direCtors

Chairman Mike WilliamsColorado Credit Union

TreasurerJohn UchidaSpace Age Federal Credit Union

SecretarySusan FrankDesert Schools Federal Credit Union

Keith CowlingCredit Union of Denver

Colleen CurtisSouthwest Healthcare Credit Union

Dan DesmondTruWest Credit Union

Dave MausPublic ServiceCredit Union

Sundie SeefriedPartner Colorado Credit Union

Jim YatesFirst Education Federal Credit Union

Vice-ChairBob RamirezVantage WestCredit Union

Vice-ChairMarsha TynskyTrona Valley Community Federal Credit Union

4

assoCiation report

regulatory affairs & Compliance2011 marked the formation of a three-state regulatory subcommittee that has provided valuable input to

the Association and federal regulators on the impact of proposed regulation. It offers a much needed credit

union perspective in a rapidly changing regulatory environment. Member credit unions are encouraged

to provide comments, which often bring issues and perspectives to light, highlight potential unintended

consequences and offer possible alternatives.

Last year, Mountain West Credit Union Association expanded its compliance guidance and assistance to

credit unions. Our dedicated compliance team is focused on rapidly responding to credit union questions.

Weekly newsletters highlight timely and important state and federal compliance issues, while the online

library, InfoSight, is available 24/7 to answer common compliance questions with checklists, tables,

frequently asked questions, model forms and policies.

The compliance team visited over 50 credit unions and met with CEOs and senior staff to introduce

“InCompliance,” get feedback and learn about critical compliance needs. The “InCompliance” package

delivers both detailed and high-level information on new or proposed regulations. Its easy-to-understand

checklists and step-by-step guides are designed for all levels of member credit union staff to save time

when implementing regulatory changes.

Since the merger, the Regulatory Affairs and Compliance team has worked to significantly improve

regulatory advocacy efforts, including rule review and revision. They have held and participated in more

than ten meetings with state and federal regulators and have successfully intervened on behalf of credit

unions to help resolve examination issues and general regulatory problems.

5

assoCiation report (Cont.)

advocacyMember participation in our advocacy and grassroots programs in 2011 has been overwhelming. We

have worked to expand our advocacy efforts through a variety of new and improved communications,

endorsement of credit union friendly candidates, community involvement, partnerships and grassroots

advocacy.

In 2011’s Hike The Hill, 18 credit union leaders and Association staff from Arizona, Colorado and Wyoming

traveled to Washington DC to visit with lawmakers on Capitol Hill. These are complex and challenging

times for credit unions. We never underestimate the importance of advocacy, and we value the passion and

efforts of our member credit unions to remain visible.

We hosted several legislative events throughout 2011 in an effort to show our appreciation for the credit

union friendly candidates who continue to support us. In Colorado, a roundtable was held at Elevations

Credit Union with Congressman Jared Polis, Congressman Scott Tipton visited Minnequa Works Credit

Union and a reception was held for Congressman Cory Gardner. In Arizona, advisory committees were set

up for Congressman David Schweikert and Ben Quayle. Arizona receptions were also held on behalf of Kirk

Adams for Congress, Ann Kirkpatrick for Congress and Representative Jeff Flake for U.S. Senate. Finally,

we attended a Consumer Financial Protection Bureau meeting with Assistant Director Elizabeth Vale.

Working together with the Credit Union National Association (CUNA) and other Associations and Leagues

across the country on initiatives, such as Project Zip Code, has increased our grassroots strength as a

collaborative network. In 2011, we surpassed our Credit Union Legislative Action Council (CULAC) goal

in Arizona, Colorado and Wyoming by raising a total of $85,573. We continue to build and cultivate these

relationships with CUNA and other cooperative organizations in an effort to increase our grassroots strength.

educationIn 2011, 84% of affiliated credit unions attended one or more training sessions or events offered by the

Training & Education Department. Thirty five live programs, including conferences, schools and one-day

classes, were conducted in 18 cities. Additionally, we held 160 webinars and telephone trainings in which

compliance and mandate training topics were the most popular topics. In 2011, our members depended

on us to be one of the first places to offer required trainings under National Credit Union Association

(NCUA) Guidelines like Required Financial Literacy Training for Directors.

We are committed to keeping education and training affordable to smaller credit unions and offer all credit

unions under $35M in assets a small credit union discount for our conferences and schools.

In an on-going effort to support the development of credit union leaders, we launched the Credit Union

Leadership Institute in 2011. This eight-month intensive program is limited to non-CEO participants. The

inaugural class in Wyoming had 11 participants from nine member credit unions. The program has been

met with enthusiasm and the potential for tremendous growth as it expands to Arizona in 2012.

6

public relations and member CommunicationsIn 2011, Mountain West Credit Union Association continued to use public relations and communications to

keep member credit unions updated, to promote achievements, to offer assistance in developing situations

and to help educate consumers. Several newsletters, including the President’s Report, Association News,

Regulatory Compliance Update, CU Scoop and Education Updates, keep member credit unions on top of

events, trends and new information.

The Association works hard to cultivate relationships with media and other influential community leaders in

order to promote member credit unions’ achievements and the overall credit union message. We also work

hard to be a strong, reliable source for advice, talking points and other materials to help our member credit

unions with crisis communications and sudden hot topics in this demanding economic environment.

We have made efforts and taken steps to increase community outreach and member communications through

a variety of mediums. Our social media networks are expanding to provide increased connections and greater

opportunities. The consumer site and credit union locator, asmarterchoice.org, also continues to educate and

connect consumers and the community with member credit unions. Increased search engine optimization

(SEO) has additionally created a stronger online presence for our members.

The Association had great success last year with Credit Unions for Kids®, a program that enhances visibility

for credit unions while helping children in our communities. Arizona credit unions raised $429,000 to

help fund two hospitals in the Children’s Miracle Network, Phoenix Children’s Hospital and Tucson Medical

Center. Member credit unions in Colorado and Wyoming were introduced to Credit Unions for Kids®, and in

January 2012, a new steering committee was formed to facilitate the growth of the program.

Mountain West Credit Union Association is continuously investigating and investing in new technology to

connect members. Video conferencing is now being utilized to increase connections across state lines, and

we are introducing iMobile technology.

member services Membership is about collective strength and providing a unified voice. Mountain West Credit Union

Association exists to serve our member credit unions and we are working to expand our affiliation rate to

bring greater strength to the member services we provide.

It is our goal to provide red carpet member service, listen to the needs of our members and provide support,

relevant resources and opportunities for continued success and growth. From providing partnered solutions,

resources and education to fighting for regulatory relief and mobilizing our collective political power, we are

here to support our members and promote the credit union message.

7

strategiC partners’ report

Through joining forces in 2011, Mountain West has been able to leverage combined strengths to better serve our member credit unions in all three states. The evolution of Arizona Credit Union League Services and Credit Union Strategic Partners into the new group, Strategic Partners, allows us to bring the best products, strategies, compatibility-tested solutions, and business-critical services to your credit union. A new board is in place for 2012.

Strategic Partners will offer a more refined product with a dynamic core focus. The group is working to build a more comprehensive, collaborative network with national reach. They have already met with success as exclusive distributors in a new partnership with NeighborBench, a nationwide online compliance tool.

Compliance solutionsIn 2011, Compliance Solutions, a set of on-site consumer compliance reviews that have worked to improve credit union compliance operations since 2008, expanded to include Arizona member credit unions in addition to those in Colorado and Wyoming. Compliance Solutions now serves nearly 30 credit unions and sees great growth potential in the future.

After careful planning last year, Strategic Partners is pleased to announce a new, 2012 partnership with NeighborBench, an online compliance tool that provides a full array of consumer regulatory compliance reviews. The partnership gives Strategic Partners exclusive distributor rights in the credit union community nationwide. It’s an exciting start for 2012!

NeighborBench uses automated, cloud-based technology that simplifies compliance and will save member credit unions time and money. This state-of-the-art compliance tool provides credit unions with consumer compliance assessments in Operations, Deposits, Loans, Advertising, and the Bank Secrecy Act (BSA). The automated approach provides near real-time assessments and is a powerful industry platform that will maximize compliance efficiency for our members.

Credit union advantageOur credit unions were aggressive in gaining loan growth last year. Credit Union Advantage had a 62% increase in loan volume in 2011 as they funded over 27,400 loans that resulted in $624 million for our partnering credit unions. Adding recreational vehicles (RVs) and increasing motorcycle and all-terrain vehicle (ATV) business contributed to the outstanding increase.

8

Mike Williams Chairman Colorado Credit Union

Bob Ramirez Vice Chair Vantage West Credit Union

Jim Barber Minnequa Works Credit Union

Jay Curtis First Credit Union

Larry KnoppUniWyo Federal Credit Union

Sandy NevesFitzsimons Credit Union

Horacio PeraltaB.C.S. Community Credit Union

Nathanael TarwasokonoPima Federal Credit Union

Rainy ThoenCommunity Choice Credit Union

strategic partners Board members

Our 2011 accomplishments are allowing us to increase Credit Union Advantage staff in 2012, which will help us bring more loans to our member credit unions. Off to a record-breaking start, Credit Union Advantage is positioned for a successful 2012. There are currently 27 credit unions and over 340 dealerships who participate in the Arizona indirect lending program. Credit Union Advantage is committed to our members’ success and we thank you for your continued support.

Cuna mutual groupIn these uncertain economic times, CUNA Mutual Group remains a committed and proud advocate for credit unions and the cooperative system. In the past year, CUNA Mutual has added surplus, increased capital and risk-based capital ratio and grown total assets. These improvements were the result of focusing on delivering excellent business results with high-quality customer service.

Dedicated to delivering the most relevant products and evaluating current product offerings, CUNA Mutual continues to invest in credit unions and the members they serve. New products throughout 2011 have proven to be innovative and pragmatic. The following are highlights and some of the more prominent successes coming from CUNA Mutual’s investments.

•AnewManagementandProfessionalLiability(MPL)policyofferscoveragethatprotectsofficersandboardmembers in a way that is more in line with the current legal liabilities faced by persons in these roles.

•More than $16 million was invested in lending products to improve compliance, grow loans andincrease credit union revenue. These efforts resulted in new products, including the launch of Smartphone Loans through Loanliner.com®. This new tool is helping credit unions increase lending and reach younger members.

•$748.2millionwaspaidinclaimsthroughout2011.•More than 98% of overall business was retained with growth in many product areas, including the

MemberCONNECT product line.•In2011,policyholdersofCUNAMutualoverwhelminglyapprovedaMutualHoldingCompany (MHC)

structure. The new structure allows additional flexibility to access capital and diversify holdings.

By broadening businesses, we are confident in CUNA Mutual’s capacity to grow and better serve the credit union system. CUNA Mutual will uphold credit unions by providing the right solutions and continuing to be a trusted business partner now and always.

sprint / invest in americaThe Invest in America (IIA) program, under which the Sprint Discount Cellular Program is housed, has continued to be a top performer in rebates for credit unions and Strategic Partners. In 2011, the Sprint program was our third largest income generator with $.33 paid out per member and over $385,000 in total rebates. The General Motors Discount Program also has expanded rapidly, which has enhanced credit union value to members and increased loans to participating credit unions.

As a result of their hard work in 2011, IIA was the recipient of the 2012 Herb Wegner Award for Outstanding Program. They are constantly adding value-driven products for credit union members, including discounts on TurboTax® and Jackson Hewitt® Tax Services, Dell computers, DIRECTV®, MEMBERS® Auto and

Homeowner Insurance, and much more.

9

treasurer’s reportJohn Uchida

TreasurerThe Mountain West Credit Union Association comparative financial statements are presented in the Annual Report in a fully consolidated format. These statements include the Mountain West Credit Union Association and the Association’s wholly owned subsidiaries, ACUL Services, Inc. (ACULS) and Credit Union Strategic Partners (Strategic Partners).

The firm of Tinucci, Jones and Company, P.C. was contracted to perform the annual audit. An unqualified opinion was rendered for the year ended December 31, 2011, on the accompanying consolidated financial statements for the Mountain West Credit Union Association and its subsidiaries.

Since the Association owns 100% of ACULS and Strategic Partners, the net income from the for-profit subsidiaries is combined with the income from the non-profit trade association. The consolidated financial statements of Mountain West Credit Union Association, ACULS and Strategic Partners reflect total assets of $16,903,709 and net assets (capital) of $15,762,904. Net assets as of July 1, 2011, the date that the newly merged entity began, were $15,441,910. The activities that result in this increase to net assets of $320,994 are operating revenues of $3.8 million, operating expenses of $4.0 million, realized and unrealized net loss on investments of $109,573, income taxes of $51,127, amortization of intangible asset of $40,000, other comprehensive loss of $144,756, and most significantly is the inherent contribution of $894,021 which is a result of the accounting treatment for the merger.

From the for-profit perspective of ACULS, 2011 shows a before tax net gain of $94,377, versus a slightly higher net gain in 2010 of $102,972. The Board of Directors of Mountain West Credit Union Association voted to dissolve and liquidate ACULS effective December 31, 2011. At that time ACULS’ assets and liabilities were returned to its parent, Mountain West Credit Union Association. In 2012, ACULS’ business activities and its service and endorsement contracts will be assigned to Strategic Partners.

From the for-profit perspective of Strategic Partners, 2011 shows a before tax net gain of $103,177, versus a net loss in 2010 of $2,700,516. This year-over-year variance is due to the building impairment of $2,987,000 in 2010; excluding the write-down of the building, Strategic Partners had a before tax net gain in 2010 of $286,484. Contributing to this year-over-year net operating income variance of ($183,307) is a gain on the sale of an investment in 2010 of $298,069, and $277,421 higher gross income across most product and service lines. Offsetting this is a year-over-year decrease in net expenses of $402,195.

The combined balance sheet shows a healthy and liquid condition with 53% of total assets in cash, certificates of deposit and marketable investments.

The Mountain West Credit Union Association pledges to operate in an ethical and fiscally responsible manner. The board of directors and management continue to review and adjust all operations and services as necessary to

provide value, leadership, and high-quality services for our member credit unions.

Respectfully submitted,John Uchida, Treasurer

10

Consolidated financial statements

The Mountain West Credit Union Association comparative financial statements are presented in the Annual Report in a fully consolidated format. These statements include the Mountain West Credit Union Association and the Association’s wholly owned subsidiaries, ACUL Services, Inc. (ACULS) and Credit Union Strategic Partners (Strategic Partners).

A copy of the audited financial statements is available upon request at the Association office.

11

MOUNTAIN WEST CREDIT UNION ASSOCIATION AND SUBSIDIARYCONSOLIDATED STATEMENT OF FINANCIAL POSITIONDecember 31, 2011

BalanCe sheet

ASSETS

Current Assets $2,083,856 Investments 9,345,941 Fixed Assets 4,432,290 Other Assets 1,041,622 Total Assets $16,903,709

LIABILITIES & NET ASSETS

Current Liabilities $359,503 Other Liabilities 781,302 Total Liabilities $1,140,805

Net Assets Unrestricted $15,591,424 Accumulated Other Comprehensive Income 110,051 Temporarily Restricted 61,429

Total Net Assets $15,762,904

TOTAL LIABILITIES & NET ASSETS $16,903,709

12

Credit union statistiCs By assets

Credit Union Members Shares Loans Assets State

Akron FCU 344 $738,022 $462,117 $814,331 CO

JACL CU 190 $673,446 $160,085 $839,617 AZ

Southern Arizona Communications CU

400 $1,047,170 $768,324 $1,147,902 AZ

APC EFCU 237 $1,036,182 $685,324 $1,264,900 AZ

Wedenem CU 343 $961,352 $947,378 $1,429,859 CO

Powell Schools FCU 336 $1,837,747 $676,281 $1,985,068 WY

IUOE #9 CU 644 $2,655,016 $1,556,241 $2,829,908 CO

SMW No 9 FCU 919 $2,571,187 $1,557,413 $2,848,545 CO

Englewood Municipal FCU 685 $2,920,820 $1,785,704 $3,415,222 CO

Legal Community CU of Colorado 819 $3,363,994 $2,928,395 $3,662,912 CO

Haxtun Community FCU 537 $3,172,711 $1,515,769 $3,718,746 CO

Otero County Teachers FCU 1,319 $3,365,139 $2,240,764 $3,804,584 CO

Winslow Schools EFCU 543 $3,425,307 $1,837,770 $4,027,097 AZ

Gunnison Western FCU 673 $3,874,422 $2,865,453 $4,045,102 CO

Shamrock Foods FCU 1,307 $3,860,003 $3,086,743 $4,313,968 AZ

U-Haul FCU 2,664 $3,984,629 $2,960,868 $4,361,487 AZ

Routt Schools FCU 876 $4,151,633 $1,969,784 $4,554,666 CO

Yellowstone FCU 1,063 $4,495,764 $2,785,135 $4,853,544 WY

Fort Morgan Schools FCU 634 $4,334,256 $2,632,338 $5,055,462 CO

Ray FCU 1,486 $4,244,315 $2,314,405 $5,185,822 AZ

Blue Spruce FCU 1,193 $4,916,328 $2,794,737 $5,422,219 CO

Lamar Civic FCU 1,166 $5,115,681 $3,760,482 $5,514,607 CO

Valley Educators CU 1,086 $5,444,030 $2,652,464 $5,809,358 CO

EM FCU 1,384 $4,307,096 $3,207,468 $5,844,947 AZ

Prescott FCU 1,327 $5,065,932 $3,554,894 $5,970,301 AZ

F C I FCU 1,002 $4,578,034 $2,518,156 $6,104,670 CO

Families First FCU 1,024 $5,685,350 $5,179,628 $6,498,866 WY

D C CU 1,178 $5,446,447 $3,463,725 $7,168,255 CO

Rio Grande Operating CU 1,542 $5,849,608 $2,959,872 $7,201,922 CO

West Denver Community CU 2,093 $7,405,017 $4,896,603 $8,586,861 CO

San Tan CU 1,749 $8,219,786 $3,440,943 $9,362,491 AZ

Green River Basin FCU 2,210 $8,551,777 $5,989,275 $9,431,777 WY

Desert Medical FCU 2,318 $8,756,799 $5,564,349 $9,741,699 AZ

Healthone FCU 1,837 $8,519,336 $6,117,783 $9,816,720 CO

Tombstone FCU 2,343 $9,841,532 $9,280,474 $10,671,484 AZ

Arkansas Valley FCU 3,200 $9,855,535 $4,944,570 $11,014,298 CO

Winslow Santa Fe CU 1,961 $9,805,139 $4,379,755 $11,069,910 AZ

Snowflake Mills FCU 2,215 $10,508,057 $7,685,142 $11,849,251 AZ

13

Credit Union Members Shares Loans Assets State

Fellowship CU 2,368 $10,571,853 $9,336,564 $12,069,332 CO

Big Thompson FCU 1,824 $12,080,924 $5,606,391 $12,914,017 CO

Wyochem FCU 2,522 $13,647,034 $9,774,555 $15,192,372 WY

Tucson Healthcare Affiliates FCU 3,396 $14,463,508 $8,233,679 $15,555,436 AZ

Southwest Health Care CU 2,355 $14,166,109 $7,390,927 $15,883,621 AZ

Bashas Associates FCU 5,081 $14,415,484 $6,666,777 $16,128,495 AZ

Saguache County CU 3,185 $15,187,199 $15,345,839 $17,025,494 CO

Guadalupe Parish CU 2,253 $11,803,608 $9,912,280 $18,282,714 CO

School District 3 FCU 2,094 $16,230,320 $8,006,334 $18,557,652 CO

Alhambra CU 3,655 $18,276,753 $12,756,399 $20,013,087 AZ

Sweetwater FCU 2,829 $17,367,360 $7,130,379 $20,238,249 WY

St. Joseph CU 3,674 $19,208,191 $11,483,923 $20,953,376 CO

Cheyenne-Laramie County Empl. FCU

2,698 $18,578,779 $7,682,148 $21,000,522 WY

Mohave Community FCU 5,395 $20,677,919 $13,452,240 $22,598,077 AZ

Cochise CU 4,075 $20,292,766 $15,795,006 $23,703,537 AZ

Porter FCU 2,923 $20,272,004 $8,911,959 $23,982,096 CO

Pueblo Government Agencies FCU 3,693 $21,127,077 $10,015,633 $25,143,033 CO

BCS Community CU 2,950 $21,187,750 $17,320,205 $25,408,208 CO

Southeastern Arizona FCU 5,553 $21,765,568 $12,792,367 $25,551,274 AZ

Pueblo Horizons FCU 3,858 $22,348,745 $11,027,186 $26,799,919 CO

Yuma County FCU 2,499 $23,773,015 $11,772,074 $27,316,103 CO

First Cheyenne FCU 4,497 $26,763,140 $19,726,818 $29,263,255 WY

Tucson Telco FCU 3,713 $25,113,139 $15,842,983 $29,469,509 AZ

Westminster FCU 3,903 $27,679,752 $18,746,554 $30,675,293 CO

Holyoke Community FCU 2,921 $28,420,098 $25,668,497 $30,842,603 CO

Sheridan Community FCU 4,169 $27,666,299 $25,742,656 $31,070,676 WY

River-Rail Community FCU 5,092 $29,076,235 $22,303,403 $32,080,211 WY

Laramie Plains Community FCU 5,280 $29,557,563 $24,691,056 $32,917,011 WY

Southwest Colorado FCU 3,721 $30,645,610 $12,461,401 $35,228,461 CO

Community Choice CU 4,916 $32,207,573 $18,322,637 $36,204,542 CO

Peoples CU 2,603 $33,456,439 $26,458,431 $38,705,455 CO

College Credit Union of Greeley 3,817 $36,455,586 $25,349,146 $42,095,901 CO

Columbine FCU 3,435 $40,690,913 $21,769,932 $45,140,530 CO

First Education FCU 5,727 $41,787,386 $17,203,060 $45,685,894 WY

Metrum Community CU 4,815 $42,963,825 $27,966,657 $49,226,917 CO

Coconino FCU 8,103 $44,152,703 $22,126,616 $49,331,486 AZ

White Crown FCU 6,631 $47,511,031 $23,672,834 $53,165,971 CO

Weld Schools CU 6,692 $49,048,665 $27,180,500 $54,011,874 CO

Credit union statistiCs By assets (Cont.)

14

Credit Union Members Shares Loans Assets State

Boulder Municipal Empl. FCU 6,896 $51,542,193 $32,358,542 $56,270,983 CO

Foothills CU 6,615 $50,710,464 $38,995,371 $56,310,654 CO

Banner FCU 10,593 $50,478,390 $21,718,345 $56,939,947 AZ

Campco FCU 10,740 $58,913,193 $38,320,606 $64,788,968 WY

Pikes Peak CU 8,754 $60,490,228 $45,784,443 $66,414,967 CO

Horizons North CU 8,034 $64,283,449 $42,723,316 $70,195,969 CO

Northwest United FCU 5,654 $63,876,619 $30,206,424 $70,591,609 CO

Power CU 11,395 $69,500,030 $37,910,751 $79,136,496 CO

Credit Union of the Rockies 9,847 $72,292,062 $55,299,909 $80,031,206 CO

Pyramid FCU 8,771 $71,277,543 $48,964,887 $81,665,573 AZ

First American CU 19,381 $73,507,961 $43,272,400 $84,317,488 AZ

Arapahoe CU 9,632 $77,228,633 $55,036,758 $85,947,571 CO

Reliant FCU 10,624 $80,764,536 $56,694,245 $89,058,681 WY

Sunlight FCU 11,165 $79,239,480 $32,449,723 $89,633,546 WY

Aurora Schools FCU 7,373 $83,962,551 $55,932,856 $93,320,801 CO

Pinal County FCU 17,898 $87,765,904 $61,957,435 $95,112,358 AZ

Atlantic City FCU 10,477 $84,921,663 $58,029,905 $96,012,611 WY

Sunwest Educational CU 10,761 $89,073,939 $56,593,336 $98,093,432 CO

Space Age FCU 15,338 $91,687,671 $72,519,797 $100,297,368 CO

Colorado CU 8,573 $92,167,641 $64,136,579 $101,766,329 CO

Western Rockies FCU 14,676 $93,106,939 $60,009,593 $103,564,531 CO

Sterling FCU 8,736 $90,360,449 $33,344,807 $105,641,352 CO

Denver Fire Department FCU 5,751 $106,781,888 $20,080,751 $122,395,745 CO

Community Financial CU 11,712 $108,215,988 $81,885,509 $126,067,891 CO

Canyon State CU 18,218 $114,305,774 $70,022,142 $128,925,082 AZ

Tempe Schools CU 18,516 $119,545,435 $79,371,877 $129,537,137 AZ

Tucson Old Pueblo CU 13,020 $120,797,593 $76,744,012 $133,525,011 AZ

Aventa CU 18,102 $122,171,239 $108,003,240 $134,987,536 CO

Coors CU 14,121 $123,505,971 $103,348,107 $138,666,216 CO

Trona Valley Community FCU 17,989 $126,347,337 $107,322,504 $139,378,792 WY

American Southwest CU 20,252 $142,130,663 $88,306,745 $156,587,880 AZ

Fitzsimons FCU 13,801 $137,768,450 $82,988,444 $157,669,388 CO

Minnequa Works CU 21,938 $143,490,788 $87,375,794 $159,283,174 CO

Altier CU 17,460 $150,711,643 $98,729,044 $163,564,993 AZ

WYHY FCU 12,639 $152,550,225 $121,856,107 $170,168,349 WY

Deer Valley CU 16,606 $189,291,794 $78,424,397 $205,590,526 AZ

Uniwyo FCU 16,101 $195,458,576 $109,983,146 $220,433,386 WY

Partner Colorado CU 23,767 $189,998,832 $120,105,542 $221,608,893 CO

15

Credit Union Members Shares Loans Assets State

Denver Community FCU 29,766 $191,054,758 $133,977,078 $222,903,721 CO

AEA FCU 41,950 $218,272,816 $186,493,594 $230,576,672 AZ

Boulder Valley CU 19,020 $216,040,804 $89,689,908 $241,662,121 CO

Sooper CU 32,014 $209,815,353 $136,425,199 $246,286,685 CO

Meridian Trust FCU 19,941 $219,577,547 $138,308,471 $247,700,819 WY

Sun West FCU 34,047 $209,168,833 $147,272,893 $247,865,547 AZ

Tucson FCU 45,786 $289,181,941 $177,041,467 $318,045,984 AZ

Pima FCU 51,282 $314,481,470 $137,629,807 $357,490,511 AZ

Arizona Central CU 54,426 $360,370,402 $197,308,643 $395,543,330 AZ

First CU 43,819 $369,017,053 $179,628,185 $397,442,813 AZ

Warren FCU 39,625 $360,377,780 $307,278,245 $399,969,389 WY

Premier Members FCU 35,812 $355,450,226 $259,320,541 $402,015,201 CO

Credit Union West 48,087 $408,892,500 $304,565,317 $450,068,935 AZ

Credit Union of Denver 50,287 $478,203,720 $259,989,517 $536,229,237 CO

Hughes FCU 62,811 $500,081,250 $414,413,728 $559,293,830 AZ

TruWest CU 56,664 $679,725,653 $429,643,274 $768,817,535 AZ

Credit Union of Colorado 90,783 $857,747,626 $534,703,524 $988,602,815 CO

Public Service CU 130,765 $990,520,510 $575,493,616 $1,114,813,012 CO

Vantage West CU 111,662 $968,155,246 $864,272,730 $1,115,685,909 AZ

Elevations CU 95,167 $1,011,055,637 $680,317,511 $1,146,506,212 CO

Westerra CU 81,438 $978,076,779 $715,089,509 $1,192,007,930 CO

Arizona FCU 171,825 $1,141,753,915 $545,891,123 $1,269,690,482 AZ

Arizona State CU 124,216 $1,172,130,287 $845,217,776 $1,295,190,455 AZ

Bellco CU 198,302 $1,795,185,991 $1,539,693,730 $2,069,711,483 CO

Desert Schools FCU 326,401 $2,556,999,177 $1,449,110,846 $2,903,317,097 AZ

Ent FCU 209,927 $2,789,493,747 $1,887,412,473 $3,417,894,318 CO

TOTALS 2,893,511 $24,666,277,277 $16,326,768,751 $28,169,505,063

16

ARIzONA

•North Central Chapter •TotalCreditUnions:6 •Members:19,544 •Shares:93,635,057 •Loans:53,036,417 •Assets:104,846,122•SouthernArizonaChapter •TotalCreditUnions:15 •Members:334,787 •Shares:2,503,909,886 •Loans:1,873,085,938 •Assets:2,283,844,562•ValleyoftheSunChapter •TotalCreditUnions:24 •Members:998,860 •Shares:7,760,324,826 •Loans:4,597,368,256 •Assets:8,678,413,137•YumaChapter •TotalCreditUnions:1 •Members41,950 •Shares:218,272,816 •Loans:186,493,594 •Assets:230,576,672

COLORADO

•DenverAreaChapter •TotalCreditUnions:38 •Members:786,188 •Shares:6,960,341,970 •Loans:4,816,341,970 •Assets:8,018,963,385•HighPlainsChapter •TotalCreditUnions:5 •Members:13,172 •Shares:127,025,536 •Loans:63,623,528 •Assets:146,072,494

•PikesPeakChapter •TotalCreditUnions:4 •Members:238,877 •Shares:2,988,385,534 •Loans:2,049,206,490 •Assets:3,637,854,473•PuebloChapter •TotalCreditUnions:5 •Members:51,645 •Shares:345,540,579 •Loans:202,922,700 •Assets:388,456,054•RockyMountainChapter •TotalCreditUnions:8 •Members:180,940 •Shares:1,839,890,023 •Loans:1,201,708,048 •Assets:2,081,544,200•SanLuisValleyChapter •TotalCreditUnions:3 •Members:6,524 •Shares:32,434,837 •Loans:27,910,583 •Assets:41,117,566•WesternColoradoChapter •TotalCreditUnions:4 •Members:19,946 •Shares:131,778,604 •Loans:77,306,231 •Assets:147,392,760•WildGooseChapter •TotalCreditUnions:5 •Members:10,565 •Shares:62,364,647 •Loans:46,740,811 •Assets:71,108,276

WYoMinG

•CheyenneChapter •TotalCreditUnions:6 •Members:85,127 •Shares:819,634,857 •Loans:612,054,849 •Assets:913,788,228•Cloud’sPeakChapter •TotalCreditUnions:2 •Members:14,909 •Shares:86,579,492 •Loans:4,063,262 •Assets:95,859,644•FremontCountyChapter •TotalCreditUnions:1 •Members:10,477 •Shares:84,921,663 •Loans:58,029,905 •Assets:96,012,611•HartMountainChapter •TotalCreditUnions:3 •Members:12,564 •Shares:85,572,991 •Loans:5,911,139 •Assets:96,472,158•PioneerChapter •TotalCreditUnions:3 •Members:16,740 •Shares:15,526,121 •Loans:84,177,276 •Assets:127,637,758•SnowyRangeChapter •TotalCreditUnions:2 •Members:21,381 •Shares:225,016,139 •Loans:134,674,202 •Assets:253,350,397Southwestern Chapter •TotalCreditUnions:4 •Members:25,550 •Shares:165,913,508 •Loans:130,216,713 •Assets:184,241,190

Chapters

assoCiation staff

administrationPat Bodnar, Executive VPScott Earl, President/CEOCrystal Maldonado, Administrative SpecialistLora Martinez, Director of Corporate AffairsRuben Martinez, Facilities ManagerJaquetta Ward, Association Support Manager

accountingAngelina Atayde, Accountant IIAmy Falconetti, Accounting ManagerShaun Ongstad, VP/Controller

association servicesJoy Audet, Director of Corporate CommunicationsNicole Brusewitz, VP of Education/EventsDan Finerty, Director of MarketingDonna Gibbs, Administrative AssistantShay Jacobs, Education/Training CoordinatorDan Santangelo, SVP of Association ServicesRob Stahl, Manager of Information TechnologyDiana Stoick, Director of Events Management

Credit union relationsMike Atchison, SVP Credit Union RelationsMary Lee Blommel, CU Relations RepresentativeRick Cranston, Director of Business and Product DevelopmentLisa Drewry, Consultant of Business ServicesDixie Hill, VP Credit Union AdvantageLarry Jones, Credit Union Advantage RepresentativeRob Montoya, Credit Union Advantage RepresentativeBilly Russell, Credit Union Advantage Representative

government relationsAustin De Bey, VP Legislative AffairsTim Dore, SVP Government RelationsChris Kemm, VP Political AffairsDeb Larrabee, Political Administrator

regulatory affairsMelia Heimbuck, Director of ComplianceMark Robey, SVP Regulatory AffairsNicole Soto, General Counsel