Form 990 for tax year 2022
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $4,696,587
- Total expenses
- $4,486,716
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,377,179
- Investment income
- $244,563
- Other revenue
- $74,845
- Total assets, end of year
- $119,518,819
- Total liabilities, end of year
- $110,027,044
- Net assets or fund balances, end of year
- $9,491,775
- 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 $3,174,429 · related or exempt $3,174,429
-
2b · Program service revenue: PLASTICS & OTHER OP IN
total $798,086 · related or exempt $798,086
-
2c · Program service revenue: FEES MEMBER SERVICE
total $404,664 · related or exempt $404,664
-
3 · Investment income
total $244,563 · excluded $244,563
-
11a · Other revenue: OTHER INCOME
total $68,107 · related or exempt $68,107
-
11b · Other revenue: WARRANTY SALES INCOME
total $4,000 · unrelated business $4,000
-
11c · Other revenue: NON-MEMBER ATM FEES
total $2,738 · unrelated business $2,738
-
11e · Other revenue, total
$74,845
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $614,012
-
7 · Other salaries and wages
total $869,435
-
8 · Pension plan contributions
total $16,405
-
9 · Other employee benefits
total $116,396
-
10 · Payroll taxes
total $120,774
-
11b · Fees: legal
total $11,852
-
11g · Fees: other
total $112,782
-
12 · Advertising and promotion
total $162,473
-
16 · Occupancy
total $132,799
-
19 · Conferences, conventions and meetings
total $39,592
-
20 · Interest
total $36,837
-
22 · Depreciation, depletion and amortization
total $241,875
-
24a · Other expenses: OFFICE OPERATIONS
total $1,142,527
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $594,378
-
24c · Other expenses: DIVIDENDS & INTEREST -M
total $195,387
-
24d · Other expenses: OTHER OPERATING EXPENSE
total $36,550
-
24e · All other expenses
total $42,642
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $273,408 · end of year $247,898
-
2 · Savings and temporary cash investments
beginning of year $8,189,369 · end of year $2,348,225
-
4 · Accounts receivable
beginning of year $220,680 · end of year $453,130
-
7 · Other notes and loans receivable
beginning of year $78,064,142 · end of year $89,050,104
-
9 · Prepaid expenses and deferred charges
beginning of year $709,565 · end of year $773,682
-
10a · Land, buildings and equipment: cost or other basis
$9,275,066
-
10b · Land, buildings and equipment: accumulated depreciation
$2,054,328
-
10c · Land, buildings and equipment, net
beginning of year $7,448,066 · end of year $7,220,738
-
11 · Investments: publicly traded securities
beginning of year $117,254 · end of year $300,264
-
12 · Investments: other securities
beginning of year $1,966,590 · end of year $1,746,551
-
15 · Other assets
beginning of year $17,113,120 · end of year $17,378,227
-
17 · Accounts payable and accrued expenses
beginning of year -$489,807 · end of year -$637,006
-
23 · Secured mortgages and notes payable
end of year $5,000,000
-
25 · Other liabilities
beginning of year $105,295,875 · end of year $105,664,050
-
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 $9,296,126 · end of year $9,491,775
Mission and programs · 2022
Mission
WE ARE DEDICATED TO SERVING THE MEMBERSHIP'S BEST INTERESTS, PROVIDING EXCEPTIONAL VALUE RELATIVE TO COST, AND EARNING TRUST AND CONFIDENCE BY OPERATING IN AN ETHICAL AND FINANCIALLY SOUND MANNER.
-
CONSUMER LENDING - ESTABLISHING/MAINTAINING THE CREDIT OF OUR MEMBERS AND PROVIDING A LOWER COST BORROWING ALTERNATIVE.DEPOSIT PRODUCTS - ASSISTING MEMBERS WITH THE MANAGEMENT OF THEIR DAY TO DAY AND LONG TERM FINANCIAL NEEDS.INVESTMENTS/FINANCIAL PLANNING - ASSISTING MEMBERS WITH SHORT AND LONG TERM OBJECTIVES.COMMUNITY INVOLVEMENT WITH MAIN SEG - ADAMS 12 FIVE STAR SCHOOLS - INVOLVEMENT IN MANY ADAMS 12 PROGRAMS INCLUDING MENTORING, JUNIOR ACHIEVEMENT, SPONSORSHIPS, SCHOLARSHIPS.
As filed on the 2022 return.
Listed in Part VII
-
Marilyn StansburyMARILYN STANSBURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert WebberROBERT WEBBER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Deborah CapraDEBORAH CAPRA
VICECHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Pat HamiltonPAT HAMILTON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Nathan HaasisNATHAN HAASIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark HinsonMARK HINSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Rich AggenRICH AGGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bradley HarveyBRADLEY HARVEY
PRESIDENT/CEO
- Total calculated
- $198,499
- From this org
- $160,471
- From related orgs
- $0
- Other
- $38,028
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,959
- Bonus
- $4,345
- Other
- $13,167
- Deferred
- $4,358
- Nontaxable benefits
- $33,670
- Filer's total
- $198,499
-
Diane ArthurDIANE ARTHUR
SVP/CFO
- Total calculated
- $139,326
- From this org
- $113,805
- From related orgs
- $0
- Other
- $25,521
- Hours/week
- 40
-
Krista BurnellKRISTA BURNELL
VP ORG DVLP
- Total calculated
- $137,974
- From this org
- $100,494
- From related orgs
- $0
- Other
- $37,480
- Hours/week
- 40
-
William FowlerWILLIAM FOWLER
SVP - LENDING
- Total calculated
- $138,214
- From this org
- $110,270
- From related orgs
- $0
- Other
- $27,944
- 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
- 1a · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- THE REPORTED OFFICERS RECEIVE A PER DIEM CASH ALLOWANCE FOR BUSINESS TRIPS AND THE CEO ALSO RECEIVES A GYM MEMBERSHIP WITH ANNUAL DUES OF $413. SUBSTANTIATION IS NOT REQUIRED FOR THE CASH ALLOWANCE SINCE IT IS A PER DIEM AMOUNT. SUBSTANTIATION IS NOT REQUIRED FOR THE GYM MEMBERSHIPS AS IT HAS BEEN IN PLACE FOR MORE THEN 5 YEARS.
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
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349304279
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