Form 990 for tax year 2022
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $5,372,998
- Total expenses
- $4,984,354
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,615,703
- Investment income
- $672,483
- Other revenue
- $84,812
- Total assets, end of year
- $119,765,846
- Total liabilities, end of year
- $107,743,483
- Net assets or fund balances, end of year
- $12,022,363
- 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: INTEREST ON LOANS TO M
total $3,105,151 · related or exempt $3,105,151
-
2b · Program service revenue: OTHER INCOME
total $777,418 · related or exempt $777,418
-
2c · Program service revenue: FEES AND OTHER CHARGES
total $733,134 · related or exempt $733,134
-
3 · Investment income
total $672,483 · related or exempt $672,483
-
11a · Other revenue: NON-MEMBER ATM FEES
total $84,812 · unrelated business $84,812
-
11e · Other revenue, total
$84,812
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $396,253
-
7 · Other salaries and wages
total $1,336,365
-
8 · Pension plan contributions
total $67,980
-
9 · Other employee benefits
total $127,018
-
10 · Payroll taxes
total $134,366
-
11b · Fees: legal
total $3,463
-
11c · Fees: accounting
total $36,880
-
11g · Fees: other
total $235,501
-
12 · Advertising and promotion
total $77,165
-
13 · Office expenses
total $669,486
-
16 · Occupancy
total $206,030
-
17 · Travel
total $9,909
-
19 · Conferences, conventions and meetings
total $13,529
-
22 · Depreciation, depletion and amortization
total $253,622
-
24a · Other expenses: SHARE SERVICING
total $544,700
-
24b · Other expenses: INTEREST/DIVIDENDS PAID
total $360,023
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $285,542
-
24d · Other expenses: LOAN SERVICING
total $167,056
-
24e · All other expenses
total $59,466
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,267,332 · end of year $923,872
-
2 · Savings and temporary cash investments
beginning of year $36,836,328 · end of year $4,926,498
-
7 · Other notes and loans receivable
beginning of year $55,831,618 · end of year $61,857,118
-
10a · Land, buildings and equipment: cost or other basis
$7,582,267
-
10b · Land, buildings and equipment: accumulated depreciation
$4,865,835
-
10c · Land, buildings and equipment, net
beginning of year $2,907,051 · end of year $2,716,432
-
11 · Investments: publicly traded securities
beginning of year $7,676,314 · end of year $15,822,072
-
12 · Investments: other securities
beginning of year $13,507,048 · end of year $28,047,709
-
15 · Other assets
beginning of year $4,544,992 · end of year $5,472,145
-
17 · Accounts payable and accrued expenses
beginning of year $1,744,171 · end of year $1,181,670
-
25 · Other liabilities
beginning of year $108,124,103 · end of year $106,561,813
-
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 $1,482,212 · end of year $1,482,212
-
31 · Retained earnings, endowment or other funds
beginning of year $11,220,197 · end of year $10,540,151
Mission and programs · 2022
Mission
TO PROMOTE THRIFT AND LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.
-
PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 12,000 MEMBERS SERVED.
As filed on the 2022 return.
Listed in Part VII
-
Ted LopezTED LOPEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ted CookTED COOK
VICE CHAIR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Katie HeuermannKATIE HEUERMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jane Rhodes Thru 42022JANE RHODES THRU 42022
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Don TrujilloDON TRUJILLO
CHAIR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael ParlapianoMICHAEL PARLAPIANO
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Ava DeherreraAVA DEHERRERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael JollyMICHAEL JOLLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Vanessa TrexelVANESSA TREXEL
PRESIDENT/CEO
- Total calculated
- $142,070
- From this org
- $124,427
- From related orgs
- $0
- Other
- $17,643
- Hours/week
- 40
-
Ernestine TrujilloERNESTINE TRUJILLO
VP OF OPERATIONS
- Total calculated
- $87,668
- From this org
- $74,183
- From related orgs
- $0
- Other
- $13,485
- Hours/week
- 40
-
Shari KrasovicSHARI KRASOVIC
VP OF HR & MARKETING
- Total calculated
- $70,740
- From this org
- $64,193
- From related orgs
- $0
- Other
- $6,547
- Hours/week
- 40
-
Kelly SchermerhornKELLY SCHERMERHORN
VP OF MEMBER EXPERIENCE
- Total calculated
- $95,775
- From this org
- $87,704
- From related orgs
- $0
- Other
- $8,071
- 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
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349317146
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