Totals
- Total revenue
- $23,391,791
- Total expenses
- $15,254,077
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $12,350,288
- Investment income
- $10,599,563
- Other revenue
- $441,940
- Total assets, end of year
- $835,531,285
- Total liabilities, end of year
- $760,437,757
- Net assets or fund balances, end of year
- $75,093,528
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 INTEREST
total $10,158,390 · related or exempt $10,158,390
-
2b · Program service revenue: SERVICE CHARGES & OTHER FEES
total $1,191,898 · related or exempt $1,164,948 · unrelated business $26,950
-
2c · Program service revenue: PROVISION FOR LOAN LOSSES
total $1,000,000 · related or exempt $1,000,000
-
3 · Investment income
total $10,835,410 · excluded $10,835,410
-
6a · Gross rents
real property $23,100
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $23,100
-
6d · Net rental income or loss
total $23,100 · excluded $23,100
-
7a · Gross sales of assets other than inventory
other assets $1,270,124
-
7b · Less cost or other basis and sales expenses
other assets $1,505,971
-
7c · Gain or loss
other assets -$235,847
-
7d · Net gain or loss
total -$235,847 · excluded -$235,847
-
11a · Other revenue: OTHER NONINTEREST INCOME
total $418,840 · related or exempt $418,840
-
11e · Other revenue, total
$418,840
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $914,405
-
7 · Other salaries and wages
total $3,595,834
-
8 · Pension plan contributions
total $568,819
-
9 · Other employee benefits
total $524,751
-
10 · Payroll taxes
total $314,441
-
11b · Fees: legal
total $35,362
-
11g · Fees: other
total $1,607,115
-
12 · Advertising and promotion
total $229,240
-
13 · Office expenses
total $698,929
-
16 · Occupancy
total $295,460
-
17 · Travel
total $210,146
-
19 · Conferences, conventions and meetings
total $30,036
-
20 · Interest
total $1
-
23 · Insurance
total $469,294
-
24a · Other expenses: DIVIDENDS PAID TO MEMBE
total $4,009,437
-
24b · Other expenses: ATM/CARD EXPENSE
total $1,077,234
-
24c · Other expenses: LOAN SERVICING EXPENSES
total $340,294
-
24d · Other expenses: ASSOCIATION DUES
total $79,423
-
24e · All other expenses
total $253,856
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,702,307 · end of year $49,424,500
-
5 · Loans and receivables from officers and key people
beginning of year $2,362,547 · end of year $6,525,640
-
7 · Other notes and loans receivable
beginning of year $189,415,888 · end of year $224,809,064
-
9 · Prepaid expenses and deferred charges
beginning of year $3,807 · end of year $3,802
-
10a · Land, buildings and equipment: cost or other basis
$4,557,090
-
10b · Land, buildings and equipment: accumulated depreciation
$3,453,294
-
10c · Land, buildings and equipment, net
beginning of year $1,103,662 · end of year $1,103,796
-
12 · Investments: other securities
beginning of year $532,056,780 · end of year $553,650,181
-
15 · Other assets
beginning of year $1,484,630 · end of year $14,302
-
17 · Accounts payable and accrued expenses
beginning of year $1,581,857 · end of year $1,550,455
-
25 · Other liabilities
beginning of year $773,205,915 · end of year $758,887,302
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $89,341,849 · end of year $75,093,528
Mission and programs · 2022
Mission
WE ARE PEOPLE HELPING PEOPLE BUILD THEIR FUTURES AND REALIZE THEIR DREAMS.
Activities or mission (Part I)
WE ARE PEOPLE HELPING PEOPLE BUILD THEIR FUTURES AND REALIZE THEIR DREAMS BY PROVIDING SHARE AND LOAN ACCOUNTS AND OTHER FINANCIAL SERVICES.
-
ONE OF BOULDER DAM CREDIT UNION'S (THE CREDIT UNION) TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, AND SIGNATURE AND VISA LOANS TO ELIGIBLE MEMBERS. AS OF 12/31/2022, THE CREDIT UNION HAD 2,630 LOANS WITH A BALANCE OF APPROXIMATELY $224 MILLION AND 2,362 VISA CARDS WITH A BALANCE OF APPROXIMATELY $1.943 MILLION.
-
THE SECOND MAIN SERVICE THAT BOULDER DAM CREDIT UNION (THE CREDIT UNION) OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. ELIGIBILITY REQUIRES THAT A PERSON LIVE OR WORK IN BOULDER CITY, NEVADA. DUE TO THE EXCEPTIONAL SERVICE LEVEL PROVIDED BY THE CREDIT UNION, APPROXIMATELY 90% OF ELIGIBLE MEMBERS ARE MEMBERS OF THE CREDIT UNION. ONCE AGAIN, THE CREDIT UNION DOES NOT CHARGE FEES FOR DEPOSIT ACCOUNTS; OTHER THAN PUNITIVE FEES FOR OVERDRAFTS AND INSUFFICIENT FUND ITEMS. AT 12/31/2022, THE CREDIT UNION HAD 20,334 MEMBERS TOTALING $758,887,302 IN SHARE DEPOSITS.
-
AN ANCILLARY PRODUCT OFFERED BY BOULDER DAM CREDIT UNION (THE CREDIT UNION) IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, PHONE ACCOUNT ACCESS AND INTERNET ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. ADDITIONALLY, THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK, WHICH ENABLES MEMBER TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. APPROXIMATELY 60% OF OUR MEMBERS UTILIZE SOME TYPE OF ELECTRONIC DELIVERY SERVICE.
As filed on the 2022 return.
Listed in Part VII
-
Cyndy AndersonCYNDY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Helena BroadbentHELENA BROADBENT
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Frank DisanzaFRANK DISANZA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Charmaine FerrariCHARMAINE FERRARI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Robert MerrellROBERT MERRELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tina MullisTINA MULLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Doug ScheppmannDOUG SCHEPPMANN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Terry StevensTERRY STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric EstesERIC ESTES
PRESIDENT / CEO
- Total calculated
- $537,212
- From this org
- $441,504
- From related orgs
- $0
- Other
- $95,708
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $438,150
- Bonus
- $0
- Other
- $3,354
- Deferred
- $61,000
- Nontaxable benefits
- $34,708
- Filer's total
- $537,212
-
Steele HendrixSTEELE HENDRIX
EVP
- Total calculated
- $377,193
- From this org
- $276,500
- From related orgs
- $0
- Other
- $100,693
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $275,161
- Bonus
- $0
- Other
- $1,339
- Deferred
- $53,598
- Nontaxable benefits
- $47,095
- Filer's total
- $377,193
-
Mary Beth CliftMARY BETH CLIFT
TELLER SUPERVISOR
- Total calculated
- $209,220
- From this org
- $164,922
- From related orgs
- $0
- Other
- $44,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,338
- Bonus
- $0
- Other
- $3,584
- Deferred
- $31,537
- Nontaxable benefits
- $12,761
- Filer's total
- $209,220
-
Teri SimmonsTERI SIMMONS
CARD SERVICES COORDINATOR
- Total calculated
- $197,183
- From this org
- $151,452
- From related orgs
- $0
- Other
- $45,731
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,034
- Bonus
- $0
- Other
- $1,418
- Deferred
- $29,047
- Nontaxable benefits
- $16,684
- Filer's total
- $197,183
-
Barbara BennettBARBARA BENNETT
LOAN SUPERVISOR
- Total calculated
- $187,488
- From this org
- $139,555
- From related orgs
- $0
- Other
- $47,933
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,758
- Bonus
- $0
- Other
- $2,797
- Deferred
- $27,124
- Nontaxable benefits
- $20,809
- Filer's total
- $187,488
-
Kyle JohnsonKYLE JOHNSON
RISK MANAGEMENT COORDINATOR
- Total calculated
- $169,460
- From this org
- $119,944
- From related orgs
- $0
- Other
- $49,516
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,378
- Bonus
- $0
- Other
- $566
- Deferred
- $25,827
- Nontaxable benefits
- $23,689
- Filer's total
- $169,460
-
Jaron SingletonJARON SINGLETON
ACCOUNTING COORDINATOR
- Total calculated
- $164,193
- From this org
- $123,896
- From related orgs
- $0
- Other
- $40,297
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,672
- Bonus
- $0
- Other
- $224
- Deferred
- $25,805
- Nontaxable benefits
- $14,492
- Filer's total
- $164,193
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
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333129349302363
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