Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $15,347,925 · related or exempt $15,347,925

• 2b · Program service revenue: FEES AND OTHER CHARGES

  total $8,372,629 · related or exempt $8,372,629

• 2c · Program service revenue: OTHER OPERATING INCOME

  total $3,934,366 · related or exempt $3,934,366

• 3 · Investment income

  total $3,551,566 · related or exempt $3,551,566

• 7a · Gross sales of assets other than inventory

  other assets $69,032,012

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $69,032,012

• 7d · Net gain or loss

  total $69,032,012 · related or exempt $69,032,012

• 11a · Other revenue: NON-MEMBER ATM FEES

  total $27,659 · related or exempt $27,659

• 11e · Other revenue, total

  $27,659

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,659,597

• 7 · Other salaries and wages

  total $8,978,075

• 8 · Pension plan contributions

  total $219,924

• 9 · Other employee benefits

  total $589,027

• 10 · Payroll taxes

  total $557,028

• 11b · Fees: legal

  total $340,220

• 11c · Fees: accounting

  total $104,683

• 11g · Fees: other

  total $3,384,426

• 12 · Advertising and promotion

  total $1,304,899

• 13 · Office expenses

  total $3,647,763

• 14 · Information technology

  total $37,550

• 16 · Occupancy

  total $1,254,703

• 17 · Travel

  total $52,346

• 19 · Conferences, conventions and meetings

  total $237,029

• 20 · Interest

  total $278,427

• 22 · Depreciation, depletion and amortization

  total $915,134

• 23 · Insurance

  total $207,943

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $19,403,682

• 24b · Other expenses: OPERATING FEES

  total $2,253,072

• 24c · Other expenses: INTEREST/DIVIDENDS PAID

  total $1,371,218

• 24d · Other expenses: PROVISION FOR LOAN LOSS

  total $939,000

• 24e · All other expenses

  total $339,305

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,691,392 · end of year $14,563,632

• 2 · Savings and temporary cash investments

  beginning of year $122,046,429 · end of year $92,174,248

• 5 · Loans and receivables from officers and key people

  beginning of year $10,148,352 · end of year $10,361,954

• 7 · Other notes and loans receivable

  beginning of year $302,377,638 · end of year $390,567,501

• 10a · Land, buildings and equipment: cost or other basis

  $22,310,761

• 10b · Land, buildings and equipment: accumulated depreciation

  $10,425,545

• 10c · Land, buildings and equipment, net

  beginning of year $12,490,370 · end of year $11,885,216

• 11 · Investments: publicly traded securities

  beginning of year $99,358,988 · end of year $80,538,127

• 12 · Investments: other securities

  beginning of year $1,274,010 · end of year $1,985,510

• 15 · Other assets

  beginning of year $14,783,761 · end of year $92,996,366

• 17 · Accounts payable and accrued expenses

  beginning of year $7,497,540 · end of year $8,124,130

• 23 · Secured mortgages and notes payable

  beginning of year $10,500,000 · end of year $28,500,000

• 25 · Other liabilities

  beginning of year $496,328,402 · end of year $525,216,859

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $6,301,653 · end of year $6,301,653

• 31 · Retained earnings, endowment or other funds

  beginning of year $54,543,345 · end of year $126,929,912

The filer's explanations (Part III)

PART I, LINE 4B

THE CREDIT UNION HAS ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR SELECT MEMBERS OF MANAGEMENT UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. EACH MEMBER OF MANAGEMENT WHO IS OFFERED THE PLAN MUST BE CONTINUOUSLY EMPLOYED FOR A CERTAIN NUMBER OF YEARS TO EARN THE DEFERRED COMPENSATION PAYMENT. AMOUNTS ACCRUED UNDER THE PLAN FOR 2022 ARE AS FOLLOWS: KIM CARTER $26,460 KRISTA STAFFORD-EVANS $25,000 DANA ZAMORA $25,337 EILEEN ARNOLD $25,000 CHOUA LY $25,000 TAMRA ANDERSON $16,667

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SAFE HARBOR FINANCIAL LLC

  CREDIT UNION SERVICE ORGANIZATION · CO · income $1,858,760

  Directly controlled by SAFE HARBOR FINANCIAL HOLDING CO LLC

• PARTNER COLORADO CREDIT UNION HOLDING COMPANY LLC

  CREDIT UNION SERVICE ORGANIZATION · CO · assets $24,975

  Directly controlled by PARTNER COLORADO CREDIT UNION