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Nonprofiteer
← CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Form 990 for tax year 2024

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.

Totals

Total revenue
$9,116,737
Total expenses
$9,038,537
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,585,589
Investment income
$1,531,148
Other revenue
$0
Total assets, end of year
$162,398,334
Total liabilities, end of year
$149,290,745
Net assets or fund balances, end of year
$13,107,589
Program services expenses (Part IX)
$9,038,537
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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: LOAN INCOME

    total $6,270,114 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE INCOME

    total $654,412 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER OPERATING

    total $661,063 · unrelated business $30,111 · excluded $0

  • 3 · Investment income

    total $1,531,148 · unrelated business $0 · excluded $0

  • 11a · Other revenue: OTHER GAINS

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $563,170 · program services $563,170 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,146,980 · program services $2,146,980 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $122,034 · program services $122,034 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $331,022 · program services $331,022 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $222,887 · program services $222,887 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $8,000 · program services $8,000 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $88,316 · program services $88,316 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $289,250 · program services $289,250 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $161,284 · program services $161,284 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $968,646 · program services $968,646 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $488,133 · program services $488,133 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $435,648 · program services $435,648 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $84,596 · program services $84,596 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $165,649 · program services $165,649 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $113,024 · program services $113,024 · management and general $0 · fundraising $0

  • 24a · Other expenses: DIVIDENDS

    total $1,620,975 · program services $1,620,975 · management and general $0 · fundraising $0

  • 24b · Other expenses: LOAN LOSS PROVISION

    total $390,000 · program services $390,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: MISC

    total $233,837 · program services $233,837 · management and general $0 · fundraising $0

  • 24d · Other expenses: EXAM/SUPERVISION

    total $18,700 · program services $18,700 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $586,386 · program services $586,386 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $496,740 · end of year $541,744

  • 4 · Accounts receivable

    beginning of year $303,427 · end of year $149,909

  • 5 · Loans and receivables from officers and key people

    beginning of year $400,805 · end of year $377,000

  • 7 · Other notes and loans receivable

    beginning of year $125,631,293 · end of year $106,755,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $389,476 · end of year $416,032

  • 10a · Land, buildings and equipment: cost or other basis

    $3,599,377

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,300,482

  • 10c · Land, buildings and equipment, net

    beginning of year $1,445,889 · end of year $1,298,895

  • 12 · Investments: other securities

    beginning of year $36,093,012 · end of year $49,513,348

  • 15 · Other assets

    beginning of year $2,575,513 · end of year $3,346,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,759,344 · end of year $1,368,591

  • 25 · Other liabilities

    beginning of year $152,547,422 · end of year $147,922,154

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,029,389 · end of year $13,107,589

Mission and programs · 2024

Mission

A STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS

  • CONSUMER LOANS AND CREDIT CARDS THE CREDIT UNION OFFERS CONSUMER LOANS OF ALL TYPES AT COMPETETIVE RATES

  • SHARE AND SHARE DRAFT ACCOUNTS THE CREDIT UNION OFFERS OF ALL TYPES OF CHECKING AND SAVINGS ACCOUNTS AT COMPETETIVE RATES

As filed on the 2024 return.

Listed in Part VII

  • Lc Williams

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Terrie Smigiel

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard Sall

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TARRO McCRAY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Westbrook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Searcy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Uchida

    CEO

    Total calculated
    $239,200
    From this org
    $239,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,200
    Bonus
    $12,476
    Other
    $0
    Deferred
    $13,532
    Nontaxable benefits
    $14,370
    Filer's total
    $279,578

  • Philip Snow

    VP FINANCE

    Total calculated
    $161,985
    From this org
    $161,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,985
    Bonus
    $5,882
    Other
    $0
    Deferred
    $10,775
    Nontaxable benefits
    $14,211
    Filer's total
    $192,853

  • Denise Roberts

    VP HUMAN RESOURCES

    Total calculated
    $161,985
    From this org
    $161,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,985
    Bonus
    $2,244
    Other
    $0
    Deferred
    $8,647
    Nontaxable benefits
    $14,211
    Filer's total
    $187,087

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

None.

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
2024
Filed
22 April 2025
IRS schema version
2024v5.1
Source object
202521279349303067

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