Form 990 for tax year 2024
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $2,942,537
- Total expenses
- $2,592,719
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,876,504
- Investment income
- $66,033
- Other revenue
- $0
- Total assets, end of year
- $50,475,021
- Total liabilities, end of year
- $45,627,634
- Net assets or fund balances, end of year
- $4,847,387
- 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 MEMBER LOANS
total $2,520,776 · related or exempt $2,520,776
-
2b · Program service revenue: OTHER OPERATING INCOME
total $185,318 · related or exempt $185,318
-
2c · Program service revenue: FEES MEMBER SERVICE
total $170,410 · related or exempt $170,410
-
3 · Investment income
total $66,033 · excluded $66,033
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $371,455
-
7 · Other salaries and wages
total $638,751
-
8 · Pension plan contributions
total $9,585
-
9 · Other employee benefits
total $69,399
-
10 · Payroll taxes
total $96,425
-
11b · Fees: legal
total $28,757
-
11g · Fees: other
total $329,899
-
12 · Advertising and promotion
total $20,929
-
16 · Occupancy
total $104,711
-
17 · Travel
total $14,388
-
20 · Interest
total $7,415
-
22 · Depreciation, depletion and amortization
total $102,961
-
24a · Other expenses: DIVIDENDS & INTEREST -M
total $391,011
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $182,631
-
24c · Other expenses: OFFICE OPERATIONS
total $157,915
-
24d · Other expenses: LOAN SERVICING
total $40,921
-
24e · All other expenses
total $25,566
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $892,768 · end of year $704,960
-
2 · Savings and temporary cash investments
beginning of year $1,338,966 · end of year $3,290,475
-
7 · Other notes and loans receivable
beginning of year $39,172,755 · end of year $44,033,164
-
10a · Land, buildings and equipment: cost or other basis
$2,328,980
-
10b · Land, buildings and equipment: accumulated depreciation
$962,170
-
10c · Land, buildings and equipment, net
beginning of year $1,442,747 · end of year $1,366,810
-
15 · Other assets
beginning of year $859,497 · end of year $1,079,612
-
17 · Accounts payable and accrued expenses
beginning of year $217,584 · end of year $779,024
-
25 · Other liabilities
beginning of year $39,282,933 · end of year $44,848,610
-
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 $4,206,216 · end of year $4,847,387
Mission and programs · 2024
Mission
THE MISSION OF FELLOWSHIP CREDIT UNION IS TO ENCOURAGE ECONOMIC STABILITY AMOUNG THE MEMBERSHIP BY PROVIDING FINANCIAL EDUCATION, AFFORDABLE FINANCIAL PRODUCTS AND EXTRAORDINARY SERVICE.
-
A. OPERATED FELLOWSHIP CREDIT UNION FOUNDATION, INC. - THE FOUNDATION WAS ESTABLISHED TO PROVIDE SCHOLARSHIP FUNDS FOR AREA STUDENTS TO ASSIST THEM IN COLLEGE EXPENSES AND ALSO TO HELP FUNDS FOR LOCAL HIGH SCHOOLS TO IMPLEMENT FINANCIAL EDUCATION PROGRAMS IN THEIR SCHOOLS.B. FINANCIAL EDUCATION AND TRAINING IN THE LOCAL MIDDLE SCHOOLS AND HIGH SCHOOLS.C. FRAUD IDENTIFY THEFT PREVENTION EDUCATION FOR SENIOR CITIZENS AND THE ELDERLY IN THE LOCAL COMMUNITIES.
As filed on the 2024 return.
Listed in Part VII
-
Linda WilgerLINDA WILGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jesse KalmaJESSE KALMA
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Beatrice HaggardBEATRICE HAGGARD
SECR / TREAS
- Total calculated
- $0
- Hours/week
- 1
-
Gary MelcherGARY MELCHER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Pattie QuarlesPATTIE QUARLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian KaneBRIAN KANE
CEO
- Total calculated
- $154,728
- From this org
- $141,370
- From related orgs
- $0
- Other
- $13,358
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,870
- Bonus
- $6,500
- Other
- $0
- Deferred
- $4,231
- Nontaxable benefits
- $9,127
- Filer's total
- $154,728
-
Tyren RushtonTYREN RUSHTON
CLO
- Total calculated
- $111,975
- From this org
- $100,116
- From related orgs
- $0
- Other
- $11,859
- Hours/week
- 40
-
Heather GallegosHEATHER GALLEGOS
CCO
- Total calculated
- $104,752
- From this org
- $94,241
- From related orgs
- $0
- Other
- $10,511
- 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FELLOWSHIP CREDIT UNION FOUNDATION INC
501(C)(3) · EDUCATION FOUNDATION · CO
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523039349300732
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.