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Nonprofiteer
← CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Form 990 for tax year 2022

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.

Totals

Total revenue
$1,355,764
Total expenses
$987,449
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,216,536
Investment income
$139,228
Other revenue
$0
Total assets, end of year
$39,159,571
Total liabilities, end of year
$30,206,394
Net assets or fund balances, end of year
$8,953,177
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 $1,036,233 · excluded $1,036,233

  • 2b · Program service revenue: MISCELLANEOUS INCOME

    total $124,161 · excluded $124,161

  • 2c · Program service revenue: FEE INCOME

    total $56,142 · excluded $56,142

  • 3 · Investment income

    total $139,228 · excluded $139,228

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $330,536

  • 8 · Pension plan contributions

    total $8,883

  • 9 · Other employee benefits

    total $45,424

  • 10 · Payroll taxes

    total $27,351

  • 11c · Fees: accounting

    total $7,600

  • 12 · Advertising and promotion

    total $8,420

  • 13 · Office expenses

    total $63,236

  • 16 · Occupancy

    total $36,769

  • 22 · Depreciation, depletion and amortization

    total $30,669

  • 23 · Insurance

    total $21,226

  • 24a · Other expenses: DIVIDEND EXPENSE

    total $200,658

  • 24b · Other expenses: DATA PROCESSING

    total $144,361

  • 24c · Other expenses: LOAN SERVICING

    total $18,993

  • 24d · Other expenses: PROVISION FOR LOAN LOSS

    total $14,846

  • 24e · All other expenses

    total $28,477

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $534,972 · end of year $521,588

  • 2 · Savings and temporary cash investments

    beginning of year $12,094,949 · end of year $12,473,603

  • 7 · Other notes and loans receivable

    beginning of year $21,838,806 · end of year $24,156,938

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,057 · end of year $22,281

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

    $1,149,178

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

    $484,605

  • 10c · Land, buildings and equipment, net

    beginning of year $689,073 · end of year $664,573

  • 15 · Other assets

    beginning of year $1,250,989 · end of year $1,320,588

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,706 · end of year $135,299

  • 25 · Other liabilities

    beginning of year $27,749,278 · end of year $30,071,095

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $519,228 · end of year $519,228

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,065,634 · end of year $8,433,949

Mission and programs · 2022

Mission

STATE CHARTERED CREDIT UNION

  • N/A

  • N/A

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fred Cordova

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mindy Montague

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Constance Ricci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nathan Ruybal

    BOARD MEMBER

    Total calculated
    $0

  • Thomas P Ruybal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
24 April 2023
IRS schema version
2022v5.0
Source object
202331179349301638

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