CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-0405947)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202433209349313433
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T12:57:31-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952302617 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BLVD SUITE 1100 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90024 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840405947 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DENVER COMMUNITY CREDIT UNION | BusinessNameLine1Txt |
| Business Name Line2 | DBA ZING CREDIT UNION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DENV | BusinessNameControlTxt |
| Phone | 3035731170 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 ACOMA STREET | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHANE SILVERNALE | PersonNm |
| Person Title | CO-CEO | PersonTitleTxt |
| Phone | 3035731170 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NANAZ BENYAMINI | PreparerPersonNm |
| PTIN | P00748170 | PTIN |
| Phone | 3104773924 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SHANE SILVERNALE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 ACOMA STREET | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,622,759 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MYZING.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or 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 TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 105 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $38,555 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $18,407,536 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $19,700,644 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,091,738 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,883,560 | CYInvestmentIncomeAmt |
| PY Other Revenue | $40,360 | PYOtherRevenueAmt |
| CY Other Revenue | $38,555 | CYOtherRevenueAmt |
| PY Total Revenue | $20,539,634 | PYTotalRevenueAmt |
| CY Total Revenue | $22,622,759 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,994,687 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,893,666 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,416,216 | PYOtherExpensesAmt |
| CY Other Expenses | $14,327,813 | CYOtherExpensesAmt |
| PY Total Expenses | $18,410,903 | PYTotalExpensesAmt |
| CY Total Expenses | $22,221,479 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,128,731 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $401,280 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $437,413,993 | TotalAssetsBOYAmt |
| Total Assets EOY | $413,726,444 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $392,426,218 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $367,897,888 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $44,987,775 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $45,828,556 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THECREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THEOPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROMTHESE SHARES TO ITS MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO THEMEMBERS OF THE CREDIT UNION. OVER 36,000 MEMBERS SERVED. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8939 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 105 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHANE SILVERNALE | PersonNm |
| Phone | 3035731170 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 ACOMA STREET | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80204 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JAMES DIPAOLO | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TONI SHELTON | |||||||
| SECRETARY/TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CAROLYN LAWSON | |||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JANICE M CORNELL | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MORRIS E MURRAY | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDY BLUNT | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| HELEN GONZALES | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TERESSA BONFANTE | |||||||
| CO-CEO | 40.00 | $476,812 | $0 | $26,991 | Yes (X) | ||
| SHANE SILVERNALE | |||||||
| CO-CEO | 40.00 | $457,778 | $0 | $25,702 | Yes (X) | ||
| JOSEPH TASSANO | |||||||
| VP OF BRANCHES | 40.00 | $222,073 | $0 | $28,107 | Yes (X) | ||
| BARBARA RASH | |||||||
| VP HUMAN RESOURCES | 40.00 | $178,174 | $0 | $21,467 | Yes (X) | ||
| RACHAEL CALDERON | |||||||
| VP - STRATEGIC OUTREACH | 40.00 | $126,065 | $0 | $19,726 | Yes (X) | ||
| THERESA SHERRY | |||||||
| VP - FINANCE | 40.00 | $201,194 | $0 | $24,231 | Yes (X) | ||
| PATRICK KELLY | |||||||
| VP - INFORMATION TECHNOLOG | 40.00 | $186,395 | $0 | $16,845 | Yes (X) | ||
| HOLLY VANDERPOOL | |||||||
| AVP - RETAIL | 40.00 | $113,275 | $0 | $12,887 | Yes (X) | ||
| EMERY A HARRIS | |||||||
| IT MANAGER | 40.00 | $107,644 | $0 | $12,872 | Yes (X) | ||
| ALAN LANG | |||||||
| AVP - FINANCE | 40.00 | $106,148 | $0 | $16,602 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,175,558 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $205,430 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CO-OP | |||||
| 9692 HAVEN AVE | RANCHO CUCAMONGA | CA | 91730 | CARD PROCESSING AND TRAN | $1,239,087 |
| CU PRODIGY CLOUD | |||||
| 420 E SOUTH TEMPLE SUITE 520 | SALT LAKE CITY | UT | 84111 | DATA PROCESSOR/IT SUPPORT | $1,159,141 |
| CU DIRECT CONNECT | |||||
| 6377 S REVERE PKWY | CENTENNIAL | CO | 80111 | INDIRECT LENDING ORIGINATOR | $843,255 |
| VISA USA | |||||
| PO BOX 8999 | SAN FRANCISCO | CA | 94128 | VISA FEE SETTLEMENT | $540,164 |
| CORELATION INC | |||||
| 2305 HISTORIC DECATUR RD SUITE 300 | SAN DIEGO | CA | 92106 | DATA PROCESSOR/IT SUPPORT | $487,352 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON LOANS TO MEMBERS | 522100 | $12,741,054 | $12,741,054 |
| OTHER INCOME | 522100 | $5,283,277 | $5,283,277 |
| FEES AND CHARGES | 522100 | $1,676,313 | $1,676,313 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $19,700,644 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,859,150 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,859,150 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $24,410 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $24,410 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,410 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,410 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NON-MEMBER ATM FEES | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $38,555 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $38,555 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $38,555 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,622,759 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,584,204 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $38,555 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,848,493 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,674,910 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,899 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $630,876 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $470,488 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,177 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,814 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,621 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $458,497 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,522,335 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,500,688 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,149 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $382,703 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| INTEREST AND DIVIDENDS | $4,264,857 |
| LOAN SERVICING EXPENSES | $3,578,263 |
| PROVISION FOR LOAN LOSS | $629,328 |
| MISCELLANEOUS OTHER EXP | $410,381 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,221,479 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,318,003 | BOYAmt |
| EOY | $2,297,157 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,716,698 | BOYAmt |
| EOY | $41,506,338 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $805,251 | BOYAmt |
| EOY | $1,305,481 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,999,149 | BOYAmt |
| EOY | $6,943,661 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $296,525,518 | BOYAmt |
| EOY | $267,259,711 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,495,626 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,204,875 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,560,629 | BOYAmt |
| EOY | $6,290,751 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,961,770 | BOYAmt |
| EOY | $67,965,804 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,512,200 | BOYAmt |
| EOY | $2,318,200 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,904 | BOYAmt |
| EOY | $1,000,904 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,013,871 | BOYAmt |
| EOY | $16,838,437 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,413,993 | BOYAmt |
| EOY | $413,726,444 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,193,224 | BOYAmt |
| EOY | $4,433,878 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $386,232,994 | BOYAmt |
| EOY | $363,464,010 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $392,426,218 | BOYAmt |
| EOY | $367,897,888 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,454,043 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,533,732 | BOYAmt |
| EOY | $45,828,556 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,987,775 | BOYAmt |
| EOY | $45,828,556 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,413,993 | BOYAmt |
| EOY | $413,726,444 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $401,280 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,878,527 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,439,026 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,992,350 | OtherCostOrOtherBasisAmt |
| Book Value | $2,992,350 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,523,082 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,500,914 | DepreciationAmt |
| Book Value | $3,022,168 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,086,443 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,086,443 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,893,751 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,617,518 | DepreciationAmt |
| Book Value | $276,233 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,290,751 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS SHARE AND DEPOSIT ACCOUNTS | Desc |
| Amt | $363,464,010 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $363,464,010 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TERESSA BONFANTE | ||||||||||||||
| CO-CEO | $396,323 | $0 | $42,121 | $0 | $38,368 | $0 | $19,800 | $0 | $7,191 | $0 | $503,803 | $0 | $0 | $0 |
| SHANE SILVERNALE | ||||||||||||||
| CO-CEO | $396,323 | $0 | $42,121 | $0 | $19,334 | $0 | $19,800 | $0 | $5,902 | $0 | $483,480 | $0 | $0 | $0 |
| JOSEPH TASSANO | ||||||||||||||
| VP OF BRANCHES | $196,372 | $0 | $16,000 | $0 | $9,701 | $0 | $12,327 | $0 | $15,780 | $0 | $250,180 | $0 | $0 | $0 |
| THERESA SHERRY | ||||||||||||||
| VP - FINANCE | $178,714 | $0 | $12,000 | $0 | $10,480 | $0 | $11,543 | $0 | $12,688 | $0 | $225,425 | $0 | $0 | $0 |
| PATRICK KELLY | ||||||||||||||
| VP - INFORMATION TECHNOLOG | $169,957 | $0 | $13,000 | $0 | $3,438 | $0 | $10,335 | $0 | $6,510 | $0 | $203,240 | $0 | $0 | $0 |
| BARBARA RASH | ||||||||||||||
| VP HUMAN RESOURCES | $152,027 | $0 | $12,000 | $0 | $14,147 | $0 | $9,938 | $0 | $11,529 | $0 | $199,641 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | A COMPANION WAS ALLOWED TO TRAVEL WITH A VOLUNTEER FOR ONE CONFERENCE DURING THE YEAR. THE COMPANIONS ARE EXPECTED TO REPRESENT THE CREDIT UNION FOR THE SAME BUSINESS PURPOSE FOR WHICH THE VOLUNTEER WAS ATTENDING THE CONFERENCE. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (14 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| TERESSA BONFANTE | |||||||
| CO-CEO | HOME, AUTO AND CREDIT CARD LOANS | Yes (X) | $217,214 | $53,392 | 0 | Yes (1) | Yes (1) |
| TERESSA BONFANTE | |||||||
| CO-CEO | SPLIT DOLLAR LIFE INSURANCE | Yes (X) | $2,284,641 | $2,979,898 | 0 | Yes (1) | Yes (1) |
| JAMES DIPAOLO | |||||||
| DIRECTOR | AUTO AND CREDIT CARD LOANS | Yes (X) | $160,810 | $15,958 | 0 | Yes (1) | Yes (1) |
| CAROLYN LAWSON | |||||||
| OFFICER | HOME, AUTO AND CREDIT CARD LOANS | Yes (X) | $208,000 | $140,760 | 0 | Yes (1) | Yes (1) |
| MORRIS MURRAY | |||||||
| OFFICER | HOME, AUTO AND CREDIT CARD LOANS | Yes (X) | $547,300 | $509,168 | 0 | Yes (1) | Yes (1) |
| TONI SHELTON | |||||||
| DIRECTOR | AUTO | Yes (X) | $23,389 | $18,251 | 0 | Yes (1) | Yes (1) |
| PATRICK KELLY | |||||||
| OFFICER | HOME AND AUTO | Yes (X) | $375,200 | $276,572 | 0 | Yes (1) | Yes (1) |
| BARBARA RASH | |||||||
| OFFICER | HOME AND AUTO | Yes (X) | $386,606 | $280,662 | 0 | Yes (1) | Yes (1) |
| THERESA SHERRY | |||||||
| OFFICER | HOME AND AUTO | Yes (X) | $588,183 | $536,526 | 0 | Yes (1) | Yes (1) |
| JOE TASSANO | |||||||
| OFFICER | HOME MORTGAGE | Yes (X) | $344,000 | $264,854 | 0 | Yes (1) | Yes (1) |
| SHANE SILVERNALE | |||||||
| CO-CEO | HOME MORTGAGE | Yes (X) | $400,000 | $368,847 | 0 | Yes (1) | Yes (1) |
| JANICE CORNELL | |||||||
| DIRECTOR | HOME MORTGAGE | Yes (X) | $318,250 | $115,760 | 0 | Yes (1) | Yes (1) |
| ANDREW BLUNT | |||||||
| OFFICER | HOME MORTGAGE | Yes (X) | $260,000 | $238,341 | 0 | Yes (1) | Yes (1) |
| SHANE SILVERNALE | |||||||
| CO-CEO | SPLIT DOLLAR LIFE INSURANCE | Yes (X) | $831,742 | $1,144,672 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $6,943,661 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUCN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MANAGEMENT OF THE CREDIT UNION SITS ON THE BOARD OF DIRECTORS OF THE ENTITY | RelationshipDescriptionTxt |
| Transaction | $0 | TransactionAmt |
| Transaction | PROCESSING | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE FIELD OF MEMBERSHIP OF THE CREDIT UNION INCLUDES: MEMBERS OF RECORD OF THE CREDIT UNION AS OF THE EFFECTIVE DATE OF ITS CONVERSION TO STATE CHARTER, PERSONS WHO LIVE OR WORK AND LEGAL ENTITIES LOCATED IN THE COUNTIES OF DENVER, ADAMS, AND ARAPAHOE, COLORADO AND EMPLOYEES OF THE CREDIT UNION, MEMBERS OF THE IMMEDIATE FAMILY OF ANY PERSON WHO, UNDER THE PROVISIONS OF THIS SECTION, IS ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION MAY BE ADMITTED TO MEMBERSHIP THEREIN ('IMMEDIATE FAMILY' MEANS PERSONS RELATED BY BLOOD, MARRIAGE, OR ADOPTION), A MEMBER OF A HOUSEHOLD WHO RESIDES WITH A PERSON WHO, UNDER THE PROVISIONS OF THIS SECTION, IS ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION MAY ALSO BE ADMITTED TO MEMBERSHIP THEREIN. 'HOUSEHOLD' IS DEFINED AS PERSONS LIVING IN THE SAME RESIDENCE AND WHO MAINTAIN A SINGLE ECONOMIC UNIT. THIS INCLUDES ANY PERSON WHO IS A PERMANENT MEMBER OF AND PARTICIPATES IN THE MAINTENANCE OF THE HOUSEHOLD, INCLUDING FAMILY MEMBERS, DOMESTIC PARTNERS, FOSTER CHILDREN AND LEGAL GUARDIAN RELATIONSHIPS MEMBERSHIP MAY INCLUDE ANY SMALL GROUP THAT HAS A COMMON BOND OF EMPLOYMENT OR ASSOCIATION PROVIDED THAT SAID GROUP HAS BEEN ACCEPTED IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE DIVISION OF FINANCIAL SERVICES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE FOR MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CREDIT UNION HAS CONTRACTED WITH A CERTIFIED PUBLIC ACCOUNTING FIRM FOR ASSISTANCE IN COMPLETION OF THE FORM 990. AS PART OF THE FIRM'S PROCESSES, THE FORM 990 IS REVIEWED BY TWO PARTNERS. THE COMPLETED FORM 990 IS ALSO REVIEWED BY CREDIT UNION MANAGEMENT PRIOR TO FILING. THE CHIEF FINANCIAL OFFICER PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS AT A MONTHLY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR THE VICE PRESIDENT - HUMAN RESOURCES MEETS WITH THE BOARD OF DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY. DIRECTORS ARE GIVEN THE OPPORTUNITY TO ASK QUESTIONS AND THEN ASKED TO SIGN A COPY OF THE POLICY FOR THE FILE. EMPLOYEES AND MANAGERS RECEIVE A COPY OF THE CODE OF CONDUCT, CODE OF ETHICS AND CONFLICT OF INTEREST AT TIME OF HIRE AND THEN THIS IS REVIEWED AGAIN PERIODICALLY AT THE ALL STAFF MEETING AND NEW SIGNATURES ARE OBTAINED. EMPLOYEES, MANAGEMENT AND THE BOARD OF DIRECTORS ARE ASKED TO SHARE UP FRONT ANY POTENTIAL CONFLICTS OF INTEREST. ACCOUNTS ASSOCIATED WITH EMPLOYEES, MANAGEMENT AND BOARD OF DIRECTORS ARE FLAGGED AS EMPLOYEE OR VOLUNTEER ACCOUNTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | DENVER COMMUNITY CREDIT UNION USES THE COMPEASE PROGRAM FOR SALARY ADMINISTRATION. THE PROGRAM IDENTIFIES RANGES BASED ON LEVELS OF RESPONSIBILITY FOR THE POSITION IN THE AREAS OF: EXPERIENCE, EDUCATION, MANAGERIAL RESPONSIBILITY, INTERPERSONAL SKILLS, INDEPENDENT JUDGMENT, MENTAL PROCESS, ORGANIZATIONAL IMPACT, AND ORGANIZATIONAL RESTRAINT. ANNUAL UPDATES TO SALARY RANGES ARE RECEIVED FROM COMPEASE. MID-RANGE OF EACH GRADE IS CONSIDERED MARKET PRICE FOR POSITIONS WITHIN THAT GRADE. FOR THE CEO POSITION: IN JANUARY, COMPENSATION DATA FROM COMPEASE, AS WELL AS SALARY SURVEY INFORMATION FROM MOUNTAINS STATES EMPLOYERS COUNCIL AND FROM CUES (CREDIT UNION EXECUTIVE SOCIETY), IS PROVIDED TO THE BOARD OF DIRECTORS BY THE VICE PRESIDENT - HUMAN RESOURCES, ALONG WITH ANY PERTINENT ARTICLES REGARDING CEO COMPENSATION. THE DIRECTORS INDIVIDUALLY COMPLETE A PERFORMANCE REVIEW FORM RATING THE CEO IN OVERALL ASSESSMENT, PERFORMANCE OBJECTIVES, AND STRATEGIC POSITIONING. THE BOARD CHAIR COMBINES THE RATINGS AND PREPARES THE NARRATIVE. THE BOARD MEETS IN EXECUTIVE SESSION TO DETERMINE THE SALARY AND/OR BONUS TO BE PAID. THE REVIEW IS DELIVERED BY THE CHAIRMAN. ANY SALARY INCREASES ARE EFFECTIVE JANUARY 1 AS DEFINED IN THE CEO CONTRACT. THE IRS TAX FORM 990 DATA IS SHARED WITH THE BOARD OF DIRECTORS. FOR EXECUTIVE MANAGEMENT POSITIONS: A SIMILAR FORMAT PERFORMANCE EVALUATION IS COMPLETED ON EXECUTIVE MANAGERS BY THE CEO. SALARY INCREASES BASED ON PERFORMANCE AND LENGTH OF TENURE IN POSITION AND PLACEMENT IN THE GRADE ARE MADE BY THE CEO. ALL REVIEWS AND INCREASES ARE TO BE COMPLETED BY THE FIRST PAY PERIOD IN MARCH. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SUMMARIZED FINANCIAL INFORMATION IS AVAILABLE ON THE CREDIT UNION'S WEBSITE. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV. |
| FORM 990, PART XI, LINE 9: | CHANGE OF ACCOUNTING PRINCIPLE -1,439,026. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| CREDIT UNION LENDING SOURCE LLC | ||||||||
| 1075 ACOMA STREET | DENVER | CO | 80204 | FIRST MORTGAGE LOAN ORIGINATION SERVICES | CO | $0 | $96,930 | DENVER COMMUNITY CREDIT UNION |
| DENVER COMMUNITY INSURANCE SERVICES LLC | ||||||||
| 1075 ACOMA STREET | DENVER | CO | 80204 | INSURANCE SERVICES | CO | $0 | $0 | DENVER COMMUNITY CREDIT UNION |