Form 990 for tax year 2022
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $3,647,631
- Total expenses
- $3,104,191
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,396,387
- Investment income
- $251,244
- Other revenue
- $0
- Total assets, end of year
- $117,460,750
- Total liabilities, end of year
- $106,226,996
- Net assets or fund balances, end of year
- $11,233,754
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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 $2,751,768 · excluded $2,751,768
-
2b · Program service revenue: Fee Income
total $315,335 · excluded $315,335
-
2c · Program service revenue: Miscellaneous Income
total $329,284 · excluded $329,284
-
3 · Investment income
total $251,244 · excluded $251,244
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $280,111
-
7 · Other salaries and wages
total $981,871
-
8 · Pension plan contributions
total $48,310
-
9 · Other employee benefits
total $123,513
-
10 · Payroll taxes
total $91,999
-
11b · Fees: legal
total $1,590
-
11c · Fees: accounting
total $29,000
-
12 · Advertising and promotion
total $30,420
-
13 · Office expenses
total $446,322
-
16 · Occupancy
total $107,739
-
19 · Conferences, conventions and meetings
total $14,006
-
22 · Depreciation, depletion and amortization
total $95,364
-
23 · Insurance
total $28,446
-
24a · Other expenses: Dividend Expense
total $394,355
-
24b · Other expenses: Provision for Loan Losses
total $178,000
-
24c · Other expenses: Data Processing Expense
total $173,414
-
24d · Other expenses: Loan Servicing Expense
total $78,568
-
24e · All other expenses
total $1,163
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $630,689 · end of year $567,451
-
2 · Savings and temporary cash investments
beginning of year $40,019,394 · end of year $28,560,700
-
4 · Accounts receivable
beginning of year $18,797 · end of year $82,217
-
7 · Other notes and loans receivable
beginning of year $73,179,419 · end of year $84,036,956
-
9 · Prepaid expenses and deferred charges
beginning of year $888,210 · end of year $966,790
-
10a · Land, buildings and equipment: cost or other basis
$2,858,094
-
10b · Land, buildings and equipment: accumulated depreciation
$2,142,193
-
10c · Land, buildings and equipment, net
beginning of year $738,975 · end of year $715,901
-
15 · Other assets
beginning of year $1,796,537 · end of year $2,530,735
-
17 · Accounts payable and accrued expenses
beginning of year $310,269 · end of year $335,491
-
25 · Other liabilities
beginning of year $106,271,438 · end of year $105,891,505
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $1,660,749 · end of year $1,660,749
-
31 · Retained earnings, endowment or other funds
beginning of year $9,029,565 · end of year $9,573,005
Mission and programs · 2022
Mission
Member-owned and controlled financial cooperative. People helping people philosophy. Our mission is to provide our members with a full range of financial services while maintaining our safety & soundness.
Activities or mission (Part I)
State Chartered Credit Union
-
N/A
-
N/A
-
N/A
As filed on the 2022 return.
Listed in Part VII
-
Kathy A PullaraKATHY A PULLARA
Board Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Frank A OtoupalikFRANK A OTOUPALIK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aura E PattersonAURA E PATTERSON
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jack G MenardJACK G MENARD
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Michael B CliettMICHAEL B CLIETT
Board Vice Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Brett M RaitzBRETT M RAITZ
PresidentCEO
- Total calculated
- $147,645
- From this org
- $140,597
- From related orgs
- $0
- Other
- $7,048
- Hours/week
- 40
-
Heather R GauthierHEATHER R GAUTHIER
Vice President
- Total calculated
- $126,692
- From this org
- $121,154
- From related orgs
- $0
- Other
- $5,538
- Hours/week
- 40
-
Mary L KilloranMARY L KILLORAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anjoleen HimesANJOLEEN HIMES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin M KierneyKEVIN M KIERNEY
Operations Manager
- Total calculated
- $107,627
- From this org
- $102,813
- From related orgs
- $0
- Other
- $4,814
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301359349316845
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