Form 990 for tax year 2023
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $8,446,234
- Total expenses
- $8,362,334
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,759,711
- Investment income
- $662,377
- Other revenue
- $24,146
- Total assets, end of year
- $167,336,155
- Total liabilities, end of year
- $154,306,766
- Net assets or fund balances, end of year
- $13,029,389
- Program services expenses (Part IX)
- $8,362,334
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN INCOME
total $6,396,400 · unrelated business $0 · excluded $0
-
2b · Program service revenue: FEE INCOME
total $683,781 · unrelated business $0 · excluded $0
-
2c · Program service revenue: OTHER OPERATING
total $679,530 · unrelated business $28,774 · excluded $0
-
3 · Investment income
total $662,377 · unrelated business $0 · excluded $0
-
11a · Other revenue: OTHER GAINS
total $24,146 · related or exempt $24,146 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$24,146
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $535,634 · program services $535,634 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $1,936,839 · program services $1,936,839 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $113,729 · program services $113,729 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $289,355 · program services $289,355 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $229,924 · program services $229,924 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $13,500 · program services $13,500 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $81,519 · program services $81,519 · management and general $0 · fundraising $0
-
11g · Fees: other
total $261,960 · program services $261,960 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $137,116 · program services $137,116 · management and general $0 · fundraising $0
-
13 · Office expenses
total $1,210,436 · program services $1,210,436 · management and general $0 · fundraising $0
-
16 · Occupancy
total $415,466 · program services $415,466 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $32,073 · program services $32,073 · management and general $0 · fundraising $0
-
20 · Interest
total $244,396 · program services $244,396 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $153,930 · program services $153,930 · management and general $0 · fundraising $0
-
24a · Other expenses: DIVIDENDS
total $1,368,258 · program services $1,368,258 · management and general $0 · fundraising $0
-
24b · Other expenses: LOAN LOSS PROVISION
total $328,000 · program services $328,000 · management and general $0 · fundraising $0
-
24c · Other expenses: MISC
total $154,833 · program services $154,833 · management and general $0 · fundraising $0
-
24d · Other expenses: EXAM/SUPERVISION
total $49,704 · program services $49,704 · management and general $0 · fundraising $0
-
24e · All other expenses
total $805,662 · program services $805,662 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $496,740
-
4 · Accounts receivable
end of year $303,427
-
5 · Loans and receivables from officers and key people
end of year $400,805
-
7 · Other notes and loans receivable
end of year $125,631,293
-
9 · Prepaid expenses and deferred charges
end of year $389,476
-
10a · Land, buildings and equipment: cost or other basis
$3,523,430
-
10b · Land, buildings and equipment: accumulated depreciation
$2,077,541
-
10c · Land, buildings and equipment, net
end of year $1,445,889
-
12 · Investments: other securities
end of year $36,093,012
-
15 · Other assets
end of year $2,575,513
-
17 · Accounts payable and accrued expenses
end of year $1,759,344
-
25 · Other liabilities
end of year $152,547,422
-
31 · Retained earnings, endowment or other funds
end of year $13,029,389
Mission and programs · 2023
Mission
A STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS
-
CONSUMER LOANS AND CREDIT CARDS THE CREDIT UNION OFFERS CONSUMER LOANS OF ALL TYPES AT COMPETETIVE RATES
-
SHARE AND SHARE DRAFT ACCOUNTS THE CREDIT UNION OFFERS OF ALL TYPES OF CHECKING AND SAVINGS ACCOUNTS AT COMPETETIVE RATES
As filed on the 2023 return.
Listed in Part VII
-
Lc WilliamsLC WILLIAMS
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Terrie SmigielTERRIE SMIGIEL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Richard SallRICHARD SALL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
TARRO McCRAY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth PisaniELIZABETH PISANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick HillNICK HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sam SearcySAM SEARCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John UchidaJOHN UCHIDA
CEO
- Total calculated
- $230,000
- From this org
- $230,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,000
- Bonus
- $0
- Other
- $43,898
- Deferred
- $17,220
- Nontaxable benefits
- $15,121
- Filer's total
- $306,239
-
Philip SnowPHILIP SNOW
VP FINANCE
- Total calculated
- $152,817
- From this org
- $152,817
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,817
- Bonus
- $0
- Other
- $14,469
- Deferred
- $10,391
- Nontaxable benefits
- $14,722
- Filer's total
- $192,399
-
Denise RobertsDENISE ROBERTS
VP HUMAN RESOURCES
- Total calculated
- $152,817
- From this org
- $152,817
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,817
- Bonus
- $0
- Other
- $14,469
- Deferred
- $11,466
- Nontaxable benefits
- $14,722
- Filer's total
- $193,474
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431559349300978
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