Form 990 for tax year 2022
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $5,409,727
- Total expenses
- $6,300,313
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,046,206
- Investment income
- $201,149
- Other revenue
- $162,372
- Total assets, end of year
- $152,205,277
- Total liabilities, end of year
- $140,166,737
- Net assets or fund balances, end of year
- $12,038,540
- 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
total $4,087,494 · related or exempt $4,087,494
-
2b · Program service revenue: MEMBER RELATED CUSO INCOME
total $651,904 · related or exempt $651,904
-
2c · Program service revenue: FEES AND OTHER CHARGES
total $306,808 · related or exempt $306,808
-
3 · Investment income
total $174,190 · related or exempt $174,190
-
6a · Gross rents
real property $106,377
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $106,377
-
6d · Net rental income or loss
total $106,377 · related or exempt $106,377
-
7a · Gross sales of assets other than inventory
securities $1,076,000 · other assets $332
-
7b · Less cost or other basis and sales expenses
securities $1,049,373 · other assets $0
-
7c · Gain or loss
securities $26,627 · other assets $332
-
7d · Net gain or loss
total $26,959 · excluded $26,959
-
11a · Other revenue: MEMBER INSURANCE - OTHER INCOME
total $55,995 · related or exempt $55,995
-
11e · Other revenue, total
$55,995
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $685,959
-
7 · Other salaries and wages
total $1,339,305
-
8 · Pension plan contributions
total $51,403
-
9 · Other employee benefits
total $161,388
-
10 · Payroll taxes
total $151,865
-
11b · Fees: legal
total $24,067
-
11c · Fees: accounting
total $58,665
-
11g · Fees: other
total $212,295
-
12 · Advertising and promotion
total $186,288
-
13 · Office expenses
total $629,327
-
14 · Information technology
total $179,858
-
16 · Occupancy
total $987,050
-
17 · Travel
total $14,529
-
19 · Conferences, conventions and meetings
total $17,957
-
20 · Interest
total $45,827
-
22 · Depreciation, depletion and amortization
total $208,660
-
23 · Insurance
total $40,449
-
24a · Other expenses: LOAN SERVICING
total $627,109
-
24b · Other expenses: INTEREST/DIVIDENDS PAID
total $384,502
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $197,874
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $82,272
-
24e · All other expenses
total $13,664
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $794,685 · end of year $5,047,872
-
2 · Savings and temporary cash investments
beginning of year $29,000,998 · end of year $16,484,365
-
5 · Loans and receivables from officers and key people
beginning of year $1,774,053 · end of year $4,693,157
-
7 · Other notes and loans receivable
beginning of year $93,115,213 · end of year $102,591,321
-
10a · Land, buildings and equipment: cost or other basis
$18,007,072
-
10b · Land, buildings and equipment: accumulated depreciation
$2,140,638
-
10c · Land, buildings and equipment, net
beginning of year $14,554,657 · end of year $15,866,434
-
11 · Investments: publicly traded securities
end of year $788,406
-
12 · Investments: other securities
beginning of year $1,972,986 · end of year $810,646
-
15 · Other assets
beginning of year $1,757,081 · end of year $5,923,076
-
17 · Accounts payable and accrued expenses
beginning of year $1,110,139 · end of year $994,039
-
23 · Secured mortgages and notes payable
end of year $8,000,000
-
25 · Other liabilities
beginning of year $129,514,617 · end of year $131,172,698
-
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 $1,442,883 · end of year $1,442,883
-
31 · Retained earnings, endowment or other funds
beginning of year $10,902,034 · end of year $10,595,657
Mission and programs · 2022
Mission
EDUCATING INDIVIDUALS, EMPOWERING FAMILIES AND ENRICHING COMMUNITIES WITH EXCITING FINANCIAL SOLUTIONS. TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBER OF THE CREDIT UNION.
-
PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 11,000 MEMBERS SERVED. THIS INCLUDES BOTH DEPOSIT AND LENDING PROGRAMS.
-
PROVIDING OVER $105 MILLION IN LOANS TO OUR MEMBERSHIP.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amira WatersAMIRA WATERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pam BealesPAM BEALES
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dan McCaskyDAN MCCASKY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Don LombardiDON LOMBARDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff StreeterJEFF STREETER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon GroerichJON GROERICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil TenneyPHIL TENNEY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Russ TaborRUSS TABOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott McNeilSCOTT MCNEIL
PRESIDENT
- Total calculated
- $236,807
- From this org
- $217,444
- From related orgs
- $0
- Other
- $19,363
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,791
- Bonus
- $1,611
- Other
- $20,042
- Deferred
- $8,792
- Nontaxable benefits
- $10,571
- Filer's total
- $236,807
-
Mallory FischbachMALLORY FISCHBACH
CHIEF FINANCIAL OFFICER
- Total calculated
- $133,902
- From this org
- $119,296
- From related orgs
- $0
- Other
- $14,606
- Hours/week
- 40
-
Tim CattauTIM CATTAU
CHIEF LENDING OFFICER
- Total calculated
- $125,681
- From this org
- $118,284
- From related orgs
- $0
- Other
- $7,397
- Hours/week
- 40
-
Matthew LoganMATTHEW LOGAN
CHIEF MARKETING OFFICER
- Total calculated
- $107,969
- From this org
- $103,477
- From related orgs
- $0
- Other
- $4,492
- Hours/week
- 40
-
April AudettAPRIL AUDETT
CHIEF OPERATIONS OFFICER
- Total calculated
- $81,600
- From this org
- $78,914
- From related orgs
- $0
- Other
- $2,686
- 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
- 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
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303109349302705
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