TruWest Credit Union
Nonprofit profile at a glance
- EIN
- 866050959
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Tempe, AZ, USA
- Phone
- 1 (844) 491-2995
- Rating confidence
- Limited
Reported finances
- Revenue
- $110,461,542
- Expenses
- $100,822,855
- Assets
- $1,607,001,608
- Liabilities
- $1,475,058,601
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- ALAN ALTHOUSE (PRESIDENT & CEO)
Highest reported compensation
- ALAN ALTHOUSE (PRESIDENT & CEO): $1,099,610 total reported compensation
- FRED FARBOD (SVP & CHIEF LENDING OFFICER): $950,576 total reported compensation
- BRENT CATTANI (FINANCIAL ADVISOR II): $672,494 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
TruWest Credit Union is a cooperative providing trusted financial solutions and services, so members can achieve their goals. We are dedicated to giving back to the communities we serve. Community Involvement As a member-owned credit union, we are deeply rooted in the communities we serve. Our commitment goes beyond financial services — we actively participate in initiatives that support local organizations, schools, and nonprofits. We aim to positively impact through volunteer work, sponsorships, and financial education. As a member-owned credit union, we are deeply rooted in the communities we serve. Our Community Initiatives Include: Scholarship...
What it reported doing in 2024
The credit union provides its member-owners low cost financial services including financial planning.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 6th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 95%; rating input score 95; 27th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.7%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 15.94; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $1.1M · 24 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.1M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 30 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.