2018-11-15T13:48:07-06:00 2017-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2017-01-01 840146595 BELLCO CREDIT UNION BELL 3036897800 7600 E ORCHARD ROAD NO 400N GREENWOOD VILLAGE CO 80111 DOUGLAS A FERRARO PRESIDENT/CEO/DIRECTOR 3036897800 2018-11-14 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2018-11-14 21:26:36 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2019-02-21 02:37:17Z DOUGLAS A FERRARO 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 312140129 0 1948 X WWW.BELLCO.ORG X 1936 CO BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY. 11 10 328 13 374160 -68821 0 0 159958532 175339789 10990074 16702665 1346548 926515 172295154 192968969 0 0 0 0 28615195 28914395 0 0 0 104510225 126629037 133125420 155543432 39169734 37425537 3769852518 4023046464 3379959123 3595468027 389893395 427578437 X BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY. 0 0 INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 151779 0 1 328 1 1 1 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X DAN KAMPEN 3036897800 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 JANE PRANCAN BOD MEMBER 5.00 X 13500 0 0 JAMES WINFIELD SUPERVISORY COMMITTEE MEMB 2.00 X 0 0 0 SANDRA BLODGETT SUPERVISORY COMMITTEE MEMB 2.00 X 0 0 0 C DAVID KIKUMOTO SUPERVISORY COMMITTEE/CHAI 2.00 X 0 0 0 LAURA SONDERUP BOD/SECRETARY TREASURER 4.00 X 9000 0 0 STEVEN ANGELIER VICE CHAIRMAN 5.00 X 13500 0 0 WALKER FLEMING CHAIRPERSON 5.00 X 18000 0 0 DOUG FERRARO BOD MEMBER/PRESIDENT/CEO 40.00 X X 1112918 0 570730 ANDREW MURRAY BOD MEMBER 4.00 X 13500 0 0 SHERRY KREIS BOD MEMBER 5.00 X 13500 0 0 JAMES DOWNS BOD MEMBER 4.00 X 9000 0 0 M GOODMAN BOD MEMBER 4.00 X 10500 0 0 DAVID POWERS BOD MEMBER 4.00 X 13500 0 0 M SPRAY BOD MEMBER 4.00 X 10500 0 0 JOHN M RUBY SVP/CLO 40.00 X 372883 0 383599 JOHN RIVERA SVP/CHIEF RETAIL OFFICER 40.00 X 364180 0 130311 LEEANN DOWNEY SVP/CHIEF ADM. OFFICER 40.00 X 361148 0 315416 JOHN PARGEON VP CONTROLLER 40.00 X 228547 0 5939 ALVIN MCCARTHY COMMERCIAL BUSINESS LENDIN 40.00 X 548454 0 24211 GREG LUNDSTROM COMMERCIAL BUSINESS LENDIN 40.00 X 670138 0 24211 JUAN CARLOS CAMPOS DIRECTOR- GENERAL COUNSEL/ 40.00 X 224593 0 22250 RAZZ CORTES-MACEDA VP DIGITAL STRATEGY 40.00 X 251286 0 15910 4258647 0 1492577 37 0 1 0 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM EQUIPMENT 1837406 FISERV PO BOX 99924 GRAPEVINE TX 76099 TECHNOLOGY 1540708 UNICO LAIRD NORTON JV TWO LLC 1215 FOURTH AVE STE 600 SEATTLE WA 98161 BUILDING MANAGEMENT 1537807 VISA USA 900 METRO CENTER BLVD FOSTER CITY CA 94404 CREDIT CARD PROCESSING 1276069 FIS CARD SERVICES 11061 ROOSEVELT BLVD ST PETERSBURG FL 33716 FINANCIAL SERVICES TECHNOLOGY 1070677 77 INCOME ON LOANS 522100 142620691 142620691 FEES/CHARGES/OTHER 522100 32344938 32344938 UNRELATED BUSINESS INCOME 523930 349304 349304 UNRELATED BUSINESS INCOME 524298 24856 24856 175339789 15098866 15098866 120774959 119171160 1603799 1603799 1603799 GAIN ON STOCK INVESTMENTS 522100 926515 926515 926515 192968969 192594809 374160 0 X 3735685 19467949 2031534 2061341 1617886 18571526 331558 387541 801934 4986211 5295363 8127298 4413679 217917 102461 28713214 4169204 221078 PROVISION FOR LOAN LOSS 28285354 LOAN SERVICING 8682854 ATM/CREDIT CARD 7633030 TELEPHONE AND POSTAGE 1997394 3691421 155543432 562559570 414025689 100000 153199718 4828210 5821252 1601854 1443410 2992642703 3231120395 2011531 2347432 83306743 49078996 36192728 34227747 65356891 46750252 28072134 44426988 76486897 89683581 3769852518 4023046464 44231044 50966191 325000000 210000000 3010728079 3334501836 3379959123 3595468027 X 0 0 0 0 389893395 427578437 389893395 427578437 3769852518 4023046464 37425537 259505 0 X X 0 1 X 1 0 13122476 13122476 23202082 9999467 13202615 8475850 6026937 2448913 26011388 20888804 5122584 12494947 12163788 331159 34227747 SHARES 733799406 SHARE DRAFTS 728795344 MONEY MARKET 723584359 CERTIFICATES 1000730558 IRA ACCOUNTS 147592169 3334501836 X 191544528 -1424441 -1424441 192968969 0 192968969 154118991 0 154118991 1424441 1424441 155543432 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS UPDATED (ASC) CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN IRC SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OF DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2016, 2015, AND 2014 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSSES REPORTED AS EXPENSES ON FORM 990 BUT REPORTED AS A REDUCTION OF REVENUE IN THE AUDITED FINANCIAL STATEMENTS -1,424,441. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSSES REPORTED AS EXPENSES ON FORM 990 BUT REPORTED AS A REDUCTION OF REVENUE IN THE AUDITED FINANCIAL STATEMENTS 1,424,441. X X X X 1 1 X X X X 0 1 0 DOUG FERRARO BOD MEMBER/PRESIDENT/CEO 754771 0 352500 0 5647 0 550466 0 20264 0 1683648 0 0 0 JOHN M RUBY SVP/CLO 273148 0 96963 0 2772 0 365365 0 18234 0 756482 0 0 0 JOHN RIVERA SVP/CHIEF RETAIL OFFICER 266977 0 94150 0 3053 0 117941 0 12370 0 494491 0 0 0 LEEANN DOWNEY SVP/CHIEF ADM. OFFICER 265192 0 94150 0 1806 0 303046 0 12370 0 676564 0 0 0 JOHN PARGEON VP CONTROLLER 206241 0 20500 0 1806 0 0 0 5939 0 234486 0 0 0 ALVIN MCCARTHY COMMERCIAL BUSINESS LENDIN 139632 0 407527 0 1295 0 13500 0 10711 0 572665 0 0 0 GREG LUNDSTROM COMMERCIAL BUSINESS LENDIN 144592 0 525245 0 301 0 13500 0 10711 0 694349 0 0 0 JUAN CARLOS CAMPOS DIRECTOR- GENERAL COUNSEL/ 195575 0 28400 0 618 0 11539 0 10711 0 246843 0 0 0 RAZZ CORTES-MACEDA VP DIGITAL STRATEGY 249949 0 0 0 1337 0 7705 0 8205 0 267196 0 0 0 PART I, LINE 4B DOUGLAS FERRARO, JOHN M. RUBY, LEEANN DOWNEY, AND JOHN RIVERA PARTICIPATE IN A NON QUALIFIED DEFERRED COMPENSATION PLAN. NONE OF THE PARTICIPANTS RECEIVED A BENEFIT PAYOUT DURING 2017. ALVIN MCCARTHY COMMERCIAL BUSINESS LENDING MORTGAGE LOAN X 336000 302755 0 0 1 GREG LUNDSTROM COMMERCIAL BUSINESS LENDING MORTGAGE LOAN X 412750 321007 0 0 1 JOHN RIVERA SVP/CHIEF RETAIL OFFICER MORTGAGE LOAN X 405000 379175 0 0 1 JOHN RUBY SVP/CHIEF LENDING OFFICER MORTGAGE LOAN X 210600 147079 0 1 1 JOHN RUBY SVP/CHIEF LENDING OFFICER LINE OF CREDIT X 3000 1929 0 1 1 JUAN CARLOS CAMPOS DIRECTOR GENERAL COUNSEL/COMPLIANCES MORTGAGE LOAN X 210000 177223 0 0 1 JUAN CARLOS CAMPOS DIRECTOR GENERAL COUNSEL/COMPLIANCES AUTO LOAN X 23953 18489 0 0 1 LEEANN DOWNEY SVP CHIEF ADM. OFFICER MORTGAGE LOAN X 357500 95753 0 0 1 1443410 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE SENIOR DIRECTOR OF FINANCE IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. UPON COMPLETION, THE RETURN IS REVIEWED BY EXECUTIVE MANAGEMENT AND THE PRESIDENT/CEO, ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEWS AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C HUMAN RESOURCES IS NOTIFIED BY RISK MANAGEMENT AND OTHERS ABOUT POTENTIAL CODE OF ETHICS VIOLATIONS WHICH THEY FULLY INVESTIGATE. A DECISION IS THEN MADE CONCERNING THE ACTIONS THAT SHOULD BE TAKEN FOR THE VIOLATION. FORM 990, PART VI, SECTION B, LINE 15 MARKET DATA IS PREPARED BY THE CHIEF ADMINISTRATIVE OFFICER FOR ALL EXECUTIVE POSITIONS. SUBSTANTIATION OF THE DECISION IS GIVEN IN WRITTEN PERFORMANCE EVALUATIONS FOR ALL EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E OTHER NONOPERATING EXPENSE 1,652,758. MISCELLANEOUS 1,444,205. STATIONERY AND SUPPLIES 310,662. ASSOCIATION DUES 283,796. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. BELLCO FOUNDATION 7600 E ORCHARD ROAD GREENWOOD VILLAGE CO 80111 474045582 TO FURTHER BELLCO CREDIT UNION'S CHARITABLE ACTIVITIES CO 501C PF BELLCO CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BELLCO FOUNDATION B 58915 ACTUAL CASH CONTRIBUTION