Form 990 for tax year 2022
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO.
Totals
- Total revenue
- $15,901,792
- Total expenses
- $13,663,927
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $14,740,544
- Investment income
- $1,156,334
- Other revenue
- $4,914
- Total assets, end of year
- $371,088,494
- Total liabilities, end of year
- $341,639,664
- Net assets or fund balances, end of year
- $29,448,830
- 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 TO MEMBERS
total $10,924,643 · related or exempt $10,924,643
-
2b · Program service revenue: OTHER INCOME
total $2,245,503 · related or exempt $2,245,503
-
2c · Program service revenue: FEES AND OTHER CHARGES TO MEMBERS
total $1,570,398 · related or exempt $1,570,398
-
3 · Investment income
total $1,127,450 · related or exempt $1,127,450
-
7a · Gross sales of assets other than inventory
other assets $10,609,215
-
7b · Less cost or other basis and sales expenses
other assets $10,580,331
-
7c · Gain or loss
other assets $28,884
-
7d · Net gain or loss
total $28,884 · related or exempt $28,884
-
11a · Other revenue: ATM FEES CHARGED TO NON-MEMBERS
total $4,914 · unrelated business $4,914
-
11e · Other revenue, total
$4,914
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,206,536
-
7 · Other salaries and wages
total $3,720,585
-
8 · Pension plan contributions
total $164,808
-
9 · Other employee benefits
total $575,786
-
10 · Payroll taxes
total $329,760
-
11b · Fees: legal
total $24,691
-
11c · Fees: accounting
total $92,862
-
11g · Fees: other
total $2,000,144
-
12 · Advertising and promotion
total $864,399
-
13 · Office expenses
total $675,289
-
16 · Occupancy
total $452,468
-
17 · Travel
total $29,480
-
22 · Depreciation, depletion and amortization
total $522,697
-
23 · Insurance
total $44,421
-
24a · Other expenses: LOAN SERVICING
total $1,442,870
-
24b · Other expenses: INTEREST/DIVIDENDS PAID
total $1,230,283
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $303,827
-
24d · Other expenses: PROVISION FOR LOAN LOSS
total $46,660
-
24e · All other expenses
total -$63,639
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $727,080 · end of year $669,728
-
2 · Savings and temporary cash investments
beginning of year $77,953,619 · end of year $29,500,283
-
5 · Loans and receivables from officers and key people
end of year $3,325,411
-
7 · Other notes and loans receivable
beginning of year $242,657,776 · end of year $295,080,027
-
10a · Land, buildings and equipment: cost or other basis
$9,170,118
-
10b · Land, buildings and equipment: accumulated depreciation
$5,744,678
-
10c · Land, buildings and equipment, net
beginning of year $3,900,043 · end of year $3,425,440
-
12 · Investments: other securities
beginning of year $42,341,302 · end of year $33,287,360
-
15 · Other assets
beginning of year $4,750,946 · end of year $5,800,245
-
17 · Accounts payable and accrued expenses
beginning of year $2,523,176 · end of year $3,666,711
-
24 · Unsecured notes and loans payable
beginning of year $8,070,600 · end of year $20,570,600
-
25 · Other liabilities
beginning of year $329,304,119 · end of year $317,402,353
-
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 $2,442,564 · end of year $2,442,564
-
31 · Retained earnings, endowment or other funds
beginning of year $29,990,307 · end of year $27,006,266
Mission and programs · 2022
Mission
TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.
-
PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 19,000 MEMBERS SERVED.
As filed on the 2022 return.
Listed in Part VII
-
Toni HouckTONI HOUCK
CHAIRMAN
- Total calculated
- $25,750
- From this org
- $25,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Dan SungDAN SUNG
VICE CHAIR
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Kirsten JohnsonKIRSTEN JOHNSON
SECRETARY/TREASURER
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
David EngleDAVID ENGLE
BOARD MEMBER
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Dean ValdezDEAN VALDEZ
BOARD MEMBER
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Ralph NormanRALPH NORMAN
BOARD MEMBER
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Kenneth HehirKENNETH HEHIR
BOARD MEMBER
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Tracie WilcoxTRACIE WILCOX
PRESIDENT/CEO
- Total calculated
- $277,766
- From this org
- $257,209
- From related orgs
- $0
- Other
- $20,557
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $257,209
- Bonus
- $0
- Other
- $0
- Deferred
- $12,861
- Nontaxable benefits
- $7,696
- Filer's total
- $277,766
-
Janelle HerreraJANELLE HERRERA
VP MARKETING
- Total calculated
- $159,347
- From this org
- $137,667
- From related orgs
- $0
- Other
- $21,680
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,667
- Bonus
- $0
- Other
- $0
- Deferred
- $6,883
- Nontaxable benefits
- $14,797
- Filer's total
- $159,347
-
Chris BokovitzCHRIS BOKOVITZ
CIO
- Total calculated
- $155,969
- From this org
- $136,274
- From related orgs
- $0
- Other
- $19,695
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,274
- Bonus
- $0
- Other
- $0
- Deferred
- $6,814
- Nontaxable benefits
- $12,881
- Filer's total
- $155,969
-
Amy PhillipsAMY PHILLIPS
CHIEF FINANCIAL OFFICER
- Total calculated
- $171,790
- From this org
- $156,280
- From related orgs
- $0
- Other
- $15,510
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,280
- Bonus
- $0
- Other
- $0
- Deferred
- $7,814
- Nontaxable benefits
- $7,696
- Filer's total
- $171,790
-
Laurie JensenLAURIE JENSEN
MEMBER ENGAGEMENT/RETAIL D
- Total calculated
- $141,841
- From this org
- $127,760
- From related orgs
- $0
- Other
- $14,081
- Hours/week
- 40
-
Tony NietoTONY NIETO
VP OF LENDING
- Total calculated
- $166,941
- From this org
- $144,898
- From related orgs
- $0
- Other
- $22,043
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,898
- Bonus
- $0
- Other
- $0
- Deferred
- $7,245
- Nontaxable benefits
- $14,798
- Filer's total
- $166,941
-
Daisy PerezDAISY PEREZ
EXECUTIVE AT LARGE
- Total calculated
- $146,590
- From this org
- $138,896
- From related orgs
- $0
- Other
- $7,694
- Hours/week
- 40
-
Gene LamanskyGENE LAMANSKY
CONTROLLER
- Total calculated
- $136,416
- From this org
- $116,113
- From related orgs
- $0
- Other
- $20,303
- Hours/week
- 40
-
Leslie LarsonLESLIE LARSON
MORTGAGE CONSULTANT
- Total calculated
- $121,205
- From this org
- $108,135
- From related orgs
- $0
- Other
- $13,070
- Hours/week
- 40
-
Michael ShepherdMICHAEL SHEPHERD
DIRECTOR OF BUSINESS SERVICES
- Total calculated
- $127,995
- From this org
- $114,586
- From related orgs
- $0
- Other
- $13,409
- 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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ON TAP INSURANCE AGENCY INC
C · INSURANCE AGENCY · CO · 100% owned · share of income $67,912 · share of assets $101,745 · controlled entity
Directly controlled by CREDIT UNIONS CHARTERED IN STATE OF CO 85 ON TAP CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349329360
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