2021-11-15T19:10:11-06:00 2020-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2020-01-01 840160254 POWER CREDIT UNION POWE 7195640710 1615 E EVANS AVENUE PUEBLO CO 81004 VANESSA TREXEL CEO 7195640710 2021-11-15 1 VANESSA TREXEL 999009999 LIOR TEMKIN P00748170 3104773924 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VANESSA TREXEL 1615 E EVANS AVE PUEBLO CO 81004 5027210 0 X WWW.POWERCU.ORG X 1938 CO TO PROMOTE THRIFT AND 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. 6 6 55 6 5960 0 0 0 4815314 4514277 547816 506916 2154 5960 5365284 5027153 0 0 0 0 1881738 1914499 0 0 0 2883789 2720733 4765527 4635232 599757 391921 97505609 114665260 85438195 102016516 12067414 12648744 TO PROMOTE THRIFT AND 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. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 12,000 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1598 0 1 55 0 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X DAVID PURFIELD 7195640710 1615 E EVANS AVENUE PUEBLO CO 81004 VANESSA TREXEL PRESIDENT/CEO 40.00 X 118908 0 15237 ERNESTINE TRUJILLO VP OF OPERATIONS 40.00 X 72295 0 12536 SHARI KRASOVIC VP OF HR & MARKETING 40.00 X 67841 0 5405 ANITTA SKUL VP OF MARKETING 40.00 X 67735 0 10277 LAURIE SCOLERI VP OF OPERATIONS(UNTIL 7/31/20) 40.00 X 39562 0 2748 KELLY SCHERMERHORN VP OF MEMBER EXPERIENCE 40.00 X 26281 0 2670 TED LOPEZ SUPERVISOR/CHAIR 2.00 X 0 0 0 JOHN HIBLER SUPERVISOR 2.00 X 0 0 0 DARWIN HANSEN SUPERVISOR 2.00 X 0 0 0 TED COOK SUPERVISOR 2.00 X 0 0 0 KATIE HEUERMANN CHAIR/BOARD MEMBER 2.00 X X 0 0 0 JUDY KOCHEVAR SECRETARY/TREASURER/BOARD MEMBER 2.00 X X 0 0 0 JANE RHODES BOARD MEMBER 2.00 X 0 0 0 DON TRUJILLO BOARD MEMBER 2.00 X 0 0 0 BUTCH BATCHELDER JR BOARD MEMBER 2.00 X 0 0 0 LEONARD FLORES BOARD MEMBER 2.00 X 0 0 0 392622 0 48873 1 0 0 0 VANTIV 8500 GOVERNORS HILL SYMMES TOWNSHIP OH 45249 EFT PROCESSOR 318521 FISERV INC 455 WINDING BROOK DR GLASTONBURY CT 06033 DATA PROCESSOR 309846 CTI COMPUTER TECHNOLOGIES LLC 1635 W 13TH AVE DENVER CO 80204 DATA MANAGEMENT 115787 3 INTEREST ON LOANS TO M 522100 3112353 3112353 OTHER INCOME 522100 784613 784613 FEES AND OTHER CHARGES 522100 617311 617311 4514277 506973 506973 57 -57 -57 -57 NON-MEMBER ATM FEES 522100 5960 5960 5960 5027153 4514277 5960 506916 441495 1191078 67740 103089 111097 1835 39548 142845 99169 614441 195037 3395 18797 241769 SHARE SERVICING 538707 INTEREST/DIVIDENDS PAID 499891 LOAN SERVICING 141523 PROVISION FOR LOAN LOSS 134041 49735 4635232 1557646 1258822 5209317 20887144 62245524 56036181 7270251 4324733 2961880 2945518 4420247 7246925 16683233 21106009 4427762 5184661 97505609 114665260 2346417 3656195 83091778 98360321 85438195 102016516 X 0 0 1482213 1482212 10585201 11166532 12067414 12648744 97505609 114665260 391921 189410 0 X 0 0 0 1069191 1069191 3819369 2307901 1511468 2381691 2016832 364859 2945518 PERPETUAL CAPITAL AT CORPORATE CREDIT UNION 414309 C CERTIFICATES OF DEPOSIT 20594000 C ALL OTHER INVESTMENTS 97700 C 21106009 MEMBERS SHARE AND DEPOSIT ACCOUNTS 98360321 98360321 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT IS OPERATED FOR THE BENEFIT OF EMPLOYEES OF THE POWER DEPARTMENT AT COLORADO FUEL AND IRON, RESIDENTS LIVING IN PUEBLO WEST, FREMONT COUNTY, SOUTHEAST PUEBLO COUNTY, CHAFFEE COUNTY, LAS ANIMAS COUNTY, ALL PEOPLE WHO ARE 50+ LIVING IN PUEBLO COUNTY AND THE FAMILIES OF ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE 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 COMPLETED FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND VICE PRESIDENT OF FINANCE AND INFORMATION TECHNOLOGY. THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION PROVIDES AN ANNUAL DISCLOSURE FORM TO ALL VOLUNTEERS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE REVIEWED FOR ANY ITEMS REQUIRING FURTHER FOLLOW-UP. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S SALARY IS ADJUSTED BASED ON EXPERIENCE AND FINANCIAL CONDITION OF THE CREDIT UNION. YEARLY PERFORMANCE REVIEWS OF THE CEO ARE CONDUCTED BY THE BOARD OF DIRECTORS. 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 ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV.