2025-11-13T16:38:31-06:00 2024-12-31 840919886 JONES MERTSCHING CPAS PC 32186 CASTLE COURT SUITE 220 EVERGREEN CO 80439 990 2024-01-01 840186846 CREDIT UNION OF DENVER CRED 3032341700 9305 W ALAMEDA AVE LAKEWOOD CO 80226 SCOTT COLLINS CFO 3032341700 2025-11-13 1 0 ERIC L JONES CPA P00634170 3034809090 2025-11-13 2024 2025-03-06 01:10:19Z CHRIS WALLACE 9305 W ALAMEDA AVE LAKEWOOD CO 80226 72998433 0 X WWW.CUDENVER.COM X 1931 CO TO BE A TRUSTED PARTNER FOR OUR MEMBERS IN REACHING THEIR FINANCIAL GOALS BY PROVIDING SUPERIOR VALUE, PRODUCTS AND SERVICE. 9 9 209 15 20171 10200 0 0 44697955 54272383 19619738 15260964 195235 196296 64512928 69729643 10000 10000 0 0 13952433 16509530 0 0 0 44934430 51753071 58896863 68272601 5616065 1457042 1450709712 1167530117 1353336902 1063862149 97372810 103667968 TO BE A TRUSTED PARTNER FOR OUR MEMBERS IN REACHING THEIR FINANCIAL GOALS BY PROVIDING SUPERIOR VALUE, PRODUCTS AND SERVICE. 0 0 68272601 THE CREDIT UNION IS OWNED BY APPROXIMATELY 72,300 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, MORTGAGE LENDING, CHECKING, SAVINGS, CERTIFICATE, AND IRA ACCOUNTS, ATM, DEBIT AND CREDIT CARDS, AND OTHER FINANCIAL SERVICES. THE CREDIT UNION RETURNED APPROXIMATELY $27.2 MILLION IN THE FORM OF INTEREST AND DIVIDENDS BY OFFERING COMPETITIVE SAVINGS PRODUCTS. 68272601 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 12544 0 1 209 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 0 1 1 0 X CREDIT UNION OF DENVER 3032341700 9305 W ALAMEDA AVE DENVER CO 80226 DONNA PIAZZA DIRECTOR 3.00 X 0 0 0 DOUG BURKE SEC/TREAS 4.00 X 2400 0 0 CARL BINGHAM DIRECTOR 3.00 X 0 0 0 KRISTINA SAPP CHAIRMAN 4.00 X 0 0 0 LEE ALLEN DIRECTOR 3.00 X 0 0 0 GEORGE VOLENTIR DIRECTOR 3.00 X 0 0 0 FERNANDO ROCHA VICE CHAIRMAN 3.00 X 0 0 0 RUSSEL SMITH JR DIRECTOR 3.00 X 0 0 0 TIM WILLIAMS JR DIRECTOR 3.00 X 0 0 0 DAVID DILLEY CLO 45.00 X 530615 0 24899 TAMARA DANKERS COO 45.00 X 333631 0 20950 CHRIS WALLACE PRESIDENT/CEO 45.00 X 509748 0 39534 FRED HOWARD CTO 45.00 X 291437 0 25210 ANTHONY NIETO CLO 45.00 X 82135 0 10535 SCHWAN HARDI CSO 45.00 X 291574 0 17469 SCOTT COLLINS CFO 45.00 X 302014 0 32653 RAUDEL MADERA NETWORK INFORMATION SECURI 45.00 X 159814 0 28182 KRISTIN THOMPSON VPHR 45.00 X 200111 0 21537 GARY JUSTICE AVP COMPLIANCE, FRAUD & SE 45.00 X 167498 0 28627 MICHAEL LANDIS AVP INFORMATION TECHNOLOGY 45.00 X 147749 0 18292 BRENDA MONTOYA DIRECTOR OF FINANCIAL SERV 45.00 X 156555 0 21773 3175281 0 289661 21 0 1 0 CORELATION INC 2305 HISTORIC DECATURE RD SUITE 300 SAN DIEGO CA 92106 CORE OPERATION SYSTEM PROVIDER/SUPPORT 998466 FISERV SOLUTIONS INC PO BOX 99924 GRAPE VINE TX 760999724 CORE SYSTEM PROCESS 923257 ITAINIUM PO BOX 13401 CHANDLER AZ 85248 IT SERVICES AND EQUIPMENT 777134 DIGITAL CREDENCE INC 234 PALMER DR LEXINGTON SC 29072 DIGITAL BANKING AND CORE CONVERSION CONS 395103 DOXIM INC 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 STMT PROC & MAILING 351363 5 INTEREST MEMBER LOANS 522100 46829352 46829352 PLASTICS & OUTLET INCOME 522100 4051824 4051824 FEES MEMBER SERVICE 522100 2588499 2588499 OTHER OPERATING INCOME 522100 802708 802708 54272383 15243437 15243437 3286317 3268790 17527 17527 17527 OTHER NONOPERATING REVENUE 522100 176125 176125 MECHANICAL REPAIR INSURAN 524298 15200 15200 NON-MEMBER ATM FEES 522100 4971 4971 196296 69729643 54466035 20171 15243437 10000 2514804 11081818 559052 1382921 970935 536843 4559434 901128 256011 255494 4109213 911275 DIVIDENDS & INTEREST -M 27212275 PROVISION FOR LOAN LOSS 5870164 OFFICE OPERATIONS 4346853 LOAN SERVICING EXPENSE 2159865 634516 68272601 1324399 1403782 395296950 78200563 832751 287110 12433187 12766620 690105544 752499199 1777794 3314892 20710460 15658848 5486789 5051612 324246417 294736202 3806661 3884180 15399220 15385957 1450709712 1167530117 314214789 3752489 1039122113 1060109660 1353336902 1063862149 X 0 0 0 0 97372810 103667968 97372810 103667968 1450709712 1167530117 1457042 4838116 0 X X 0 1 X 1 0 875000 875000 10186697 7154249 3032448 591967 591959 8 9056796 7912640 1144156 5051612 MEMBER SHARES, DEPOSITS AND CERTIFICATES 1060109660 1060109660 X 69729643 0 69729643 0 69729643 68272601 0 68272601 0 68272601 PART X, LINE 2: INCOME TAX STATUS THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME THAT IS RELATED TO ITS TAX-EXEMPT PURPOSE. THE CREDIT UNION REPORTS AND PAYS INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE CUSO IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION'S ACCOUNTING POLICY UNDER FASB ACS 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, IS TO RECOGNIZE IN ITS CONSOLIDATED FINANCIAL STATEMENTS ONLY THOSE TAX BENEFITS (REPORTED OR TO BE REPORTED IN ITS TAX RETURNS) WHEN IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT CURRENTLY BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT ALL OF ITS SIGNIFICANT TAX POSITIONS, INCLUDING POSITIONS RELATED TO THE UNRELATED BUSINESS INCOME TAX (UBIT), WOULD BE SUSTAINED ON EXAMINATION BY RELEVANT TAXING AUTHORITIES. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2023, 2022, AND 2021 UBIT FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. 1 SCHOLARSHIPS FOR COLLEGE 5 10000 PART I, LINE 2: SPONSORSHIPS AND SCHOLARSHIPS ARE INCLUDED IN THE CREDIT UNION'S BUSINESS DEVELOPMENT PLAN AND APPROVED IN CONJUNCTION WITH ANNUAL BUDGET. X 1 1 X X X X X 0 1 0 DAVID DILLEY CLO 509115 0 21500 0 0 0 20700 0 4199 0 555514 0 0 0 CHRIS WALLACE PRESIDENT/CEO 463848 0 45500 0 400 0 20700 0 18834 0 549282 0 0 0 TAMARA DANKERS COO 311131 0 22000 0 500 0 19486 0 1464 0 354581 0 0 0 SCOTT COLLINS CFO 281514 0 20500 0 0 0 18243 0 14410 0 334667 0 0 0 FRED HOWARD CTO 272637 0 18500 0 300 0 16336 0 8874 0 316647 0 0 0 SCHWAN HARDI CSO 269474 0 22000 0 100 0 16154 0 1315 0 309043 0 0 0 KRISTIN THOMPSON VPHR 188011 0 12100 0 0 0 12091 0 9446 0 221648 0 0 0 GARY JUSTICE AVP COMPLIANCE, FRAUD & SE 156073 0 11225 0 200 0 10410 0 18217 0 196125 0 0 0 RAUDEL MADERA NETWORK INFORMATION SECURI 149389 0 10225 0 200 0 9976 0 18206 0 187996 0 0 0 BRENDA MONTOYA DIRECTOR OF FINANCIAL SERV 146305 0 10250 0 0 0 9573 0 12200 0 178328 0 0 0 MICHAEL LANDIS AVP INFORMATION TECHNOLOGY 135549 0 12000 0 200 0 8982 0 9310 0 166041 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - THE BOARD OF DIRECTORS APPROVES VOLUNTEER TRAINING REQUESTS AS SUBMITTED. AMOUNTS ARE REPORTED AS TAXABLE IF EXCEED $600. PART I, LINE 4B KEITH COWLING, DONNA RILEY, CHRIS WALLACE, AND SCOTT COLLINS SUPPLEMENTAL RETIREMENT PLAN FOR THE CREDIT UNION'S FORMER CEO, CURRENT CEO, CFO, AND VP/ IT/FINANCIAL SYSTEMS SEE SCHEDULE L DONNA RILEY OFFICER RET PLAN X 1700000 1684945 0 1 1 KEITH COWLING OFFICER RET PLAN X 4300000 4688575 0 1 1 SCOTT COLLINS OFFICER RET PLAN X 2000000 2383285 0 1 1 CHRIS WALLACE OFFICER RET PLAN X 4025000 4009815 0 1 1 12766620 FORM 990 - SCH L - PART II THE CREDIT UNION HAS ENTERED INTO SUPPLEMENTAL RETIREMENT PLANS WITH CERTAIN MEMEBERS OF MANAGEMENT (THE EXECUTIVES). THE PLANS ARE STRUCTURED AS A SECURED SPLIT DOLLAR AGREEMENT IN WHICH WHOLE LIFE INSURANCE POLICIES ARE PURCHASED AS A METHOD OF PAYING FOR INSURANCE COVERAGE AND PROVIDING A SOURCE OF SUPPLEMENTAL RETIREMENT INCOME FOR THE EXECUTIVES. UNDER THE AGREEMENTS, THE EXECUTIVES ARE THE OWNERS OF THE POLICIES AND MAKE A COLLATERAL ASSIGNEMNT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS PAID BY THE CREDIT UNION ON BEHALF OF THE EXECUTIVES PLUS ACCRUED INTEREST AT A SPECIFIED RATE. THE LOANS PLUS ACCRUED INTERST ARE SECURED BY THE CASH VALUE OF THE POLICIES, TO BE REPAID BY EITHER THE CASH VALUE OF THE POICIES, OR OUT OF THE LIFE INSURANCE PROCEEDS UPON THE DEATH OF THE EXECUTIVES. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - PERSONS ELIGIBLE TO BECOME A MEMBER INCLUDE ANYONE WHO LIVES OR WORKS IN JEFFERSON, DENVER, ARAPAHOE, BOULDER, ADAMS, AND DOUGLAS COUNTIES, COLORADO, EMPLOYEES (AND FAMILY MEMBERS) OF THE U.S. DEPARTMENT OF THE INTERIOR, OTHER SELECT GOVERNMENT AGENCIES, AND OTHER SELECT BUSINESSES (SEGS). A $5 DEPOSIT IS REQUIRED FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - MEMBERS ELECT THE GOVERNING BODY THROUGH A MAIL BALLOT PROCESS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - MERGER - REQUIRES TWO THIRDS MAJORITY VOTE OF VOTING MEMBERS. CHARTER CONVERSION - REQUIRES TWO THIRDS MAJORITY VOTE OF VOTING MEMBERS. DISSOLUTION AND LIQUIDATION - REQUIRES MAJORTY VOTE OF ENTIRE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, AND THE CFO AND ACCOUNTING DIRECTOR ERFORM A REVIEW FOR REASONABLENESS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO THERE IS A COMPENSATION COMMITTEE OF THE BOARD THAT REVIEWS INDUSTRY SALARY COMPARISONS AND A SALARY ADMINISTRATION PROGRAM PROVIDED BY A THIRD PARTY AND DOCUMENTS THEIR DECISION. FOR ALL OTHER KEY EMPLOYEES, SIMILAR DATA IS REVIEWED AND DECIDED UPON BY THE CEO. THE ABOVE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE SPLIT DOLLAR AGREEMENTS OF ALL KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC OTHER THAN CALL REPORTS MADE AVAILABLE ON NCUA'S WEBSITE. MEMBERS CAN REVIEW NON-CONFIDENTIAL BOARD MEETING MINUTES UPON REQUEST FORM 990 - PART XII - LINE 2C NO CHANGE FROM PRIOR YEARS FORM 990 - PART VI - LINE 12 CONFLICT OF INTEREST POLICY: EACH DIRECTOR SIGNS OATH OF OFFICE BUT THERE IS NO FORMAL CONFLICT OF INTEREST DISCLOSURE OR SPECIFIC POLICY. CU ACCESS CORPORATION 9305 W ALAMEDA AVE LAKEWOOD CO 80226 841450564 FINANCIAL SERVICES CO C 56797 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0