Skip to content
Nonprofiteer
← CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Form 990 for tax year 2023

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.

Totals

Total revenue
$5,083,512
Total expenses
$3,964,680
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,301,360
Investment income
$782,152
Other revenue
$0
Total assets, end of year
$108,218,187
Total liabilities, end of year
$98,454,317
Net assets or fund balances, end of year
$9,763,870
Program services expenses (Part IX)
$3,964,680
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: INTEREST ON LOANS

    total $3,486,820 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE INCOME

    total $766,758 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER OPERATING

    total $47,782 · unrelated business $15,451 · excluded $0

  • 3 · Investment income

    total $782,152 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $337,798 · program services $337,798 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $1,197,331 · program services $1,197,331 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $51,310 · program services $51,310 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $136,906 · program services $136,906 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $115,099 · program services $115,099 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $25,800 · program services $25,800 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $123,686 · program services $123,686 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $180,940 · program services $180,940 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $69,184 · program services $69,184 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $261,664 · program services $261,664 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $184,576 · program services $184,576 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $48,257 · program services $48,257 · management and general $0 · fundraising $0

  • 20 · Interest

    total $3,679 · program services $3,679 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $78,448 · program services $78,448 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $57,611 · program services $57,611 · management and general $0 · fundraising $0

  • 24a · Other expenses: LOAN LOSS PROVISION

    total $202,121 · program services $202,121 · management and general $0 · fundraising $0

  • 24b · Other expenses: DEBIT/CREDIT CARD

    total $379,658 · program services $379,658 · management and general $0 · fundraising $0

  • 24c · Other expenses: RETURNS/LOSSES

    total $11,363 · program services $11,363 · management and general $0 · fundraising $0

  • 24d · Other expenses: MISC

    total $32,934 · program services $32,934 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $466,315 · program services $466,315 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,440 · end of year $562,306

  • 2 · Savings and temporary cash investments

    beginning of year $37,586,273 · end of year $32,479,342

  • 4 · Accounts receivable

    beginning of year $156,005 · end of year $152,758

  • 5 · Loans and receivables from officers and key people

    beginning of year $374,896 · end of year $341,020

  • 7 · Other notes and loans receivable

    beginning of year $73,028,467 · end of year $71,895,023

  • 9 · Prepaid expenses and deferred charges

    beginning of year $238,679 · end of year $219,377

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

    $2,166,943

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

    $933,411

  • 10c · Land, buildings and equipment, net

    beginning of year $953,373 · end of year $1,233,532

  • 15 · Other assets

    beginning of year $1,269,587 · end of year $1,334,829

  • 17 · Accounts payable and accrued expenses

    beginning of year $636,396 · end of year $910,854

  • 25 · Other liabilities

    beginning of year $105,001,286 · end of year $97,543,463

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,645,038 · end of year $9,763,870

Mission and programs · 2023

Mission

STATE CHARTERED CREDIT UNION

  • WELD SCHOOLS CREDIT UNION OFFERS ITS MEMBERS LOANS OF ALL TYPES AT COMPETITIVE RATES

  • WELD SCHOOLS CREDIT UNION OFFERS ITS MEMBERS SHARE AND DEPOSIT PRODUCTS OF ALL TYPES

  • WELD SCHOOLS CREDIT UNION OFFERS ITS MEMBERS IRA PRODUCTS AT COMPETITIVE RATES

As filed on the 2023 return.

Listed in Part VII

  • Jerry Clark

    CHAIR

    Total calculated
    $5,069
    From this org
    $5,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Parrish

    VICE CHAIR

    Total calculated
    $5,069
    From this org
    $5,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joan Lind

    TREASURER

    Total calculated
    $5,144
    From this org
    $5,144
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ben Rainbolt

    SECRETARY

    Total calculated
    $5,069
    From this org
    $5,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Scott Inloes

    DIRECTOR

    Total calculated
    $5,069
    From this org
    $5,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jocelyn Aldridge

    DIRECTOR

    Total calculated
    $5,069
    From this org
    $5,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patricia Petraglia

    DIRECTOR

    Total calculated
    $5,069
    From this org
    $5,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Brown

    CEO

    Total calculated
    $213,071
    From this org
    $190,391
    From related orgs
    $0
    Other
    $22,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,005
    Bonus
    $17,386
    Other
    $22,680
    Deferred
    $10,361
    Nontaxable benefits
    $13,212
    Filer's total
    $236,644

  • Debbie Nixon

    COO

    Total calculated
    $112,049
    From this org
    $112,049
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
23 April 2024
IRS schema version
2023v5.0
Source object
202441219349300124

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.