2025-11-14T17:25:04-06:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 840187935 PARTNER COLORADO CREDIT UNION PART 3034226221 PO BOX 1346 ARVADA CO 800011346 JEN MEYERS CFO 3034226221 2025-11-13 1 1 NANAZ BENYAMINI P00666808 3104773924 2025-11-13 2024 2025-03-06 01:10:19Z JEN MEYERS PO BOX 1346 ARVADA CO 80001 54804566 0 X WWW.PARTNERCOLORADOCU.ORG X 1931 CO 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. 7 0 131 8 30906 0 0 0 19385150 22583531 2075494 5357296 4455134 3944019 25915778 31884846 0 0 0 0 19737075 10678527 0 0 0 70152102 27271054 89889177 37949581 -63973399 -6064735 633664685 598472900 562039750 549322140 71624935 49150760 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. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 33,000 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 7295 0 1 131 1 1 1 0 0 0 0 0 0 0 0 0 X 7 0 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X JEN MEYERS 3034226221 PO BOX 1346 ARVADA CO 800011346 TRAVIS BRAY DIRECTOR 5.30 X 39000 0 0 JULIE TOWERS DIRECTOR 5.00 X 39000 0 0 DAVID BURKE DIRECTOR 7.00 X 39000 0 0 TOBY RAMPA SECRETARY/TREASURER 6.25 X X 45000 0 0 LINDA HEAD CHAIRPERSON 20.00 X X 51000 0 0 RICHARD BOLLIG VICE CHAIRMAN 10.00 X X 45000 0 0 LINDA POUNDS DIRECTOR 7.00 X 39000 0 0 DOUG FAGAN CEO/PRESIDENT 40.00 X 653672 0 23757 CAROL WADLEIGH CIO 40.00 X 198041 0 20744 SPENCER GUILFORD COO 40.00 X 192628 0 27067 KIM CARTER VP OF SPECIAL SERVICES 40.00 X 168269 0 46353 CHOUA LY SVP OF LENDING 40.00 X 154334 0 48116 KRISTA STAFFORD-EVANS VP OF MARKETING 40.00 X 147652 0 33459 EILEEN ARNOLD VP OF ACCOUNTING 40.00 X 142211 0 51924 DANA ZAMORA VP OF HUMAN RESOURCES 40.00 X 160111 0 36544 LESLIE SPENCE VP OF MEMBER EXPERIENCE 40.00 X 128321 0 43441 JORGE PALMA AVP OF FINANCE THROUGH 10/29/2024 40.00 X 113699 0 13336 TAMRA ANDERSON VP OF DEALER RELATIONS 40.00 X 146836 0 39424 JENNIFER MEYERS CFO 40.00 X 290973 0 21806 ALAN DEL ANGEL IT SOFTWARE ENGINEER & ARCHITECT 40.00 X 111403 0 15040 LAWRENCE NAZARENUS INVESTMENT ADVISOR 40.00 X 189124 0 22272 SHELDON MACCULLOUGH SYMITAR PROGRAMMER 40.00 X 140834 0 15059 JONATHAN SCOTTORN AVP OF TECHNOLOGY 40.00 X 174434 0 10834 CHRISTIAN WATTS APPLICATION ADMINISTRATOR 40.00 X 107321 0 14753 3516863 0 483929 19 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 DEBIT/CREDIT CARD PROCESSOR 837151 VALUETEC FINANCIAL & COMM INDUSTRIES LLC 14510 E FREMONT AVENUE CENTENNIAL CO 80112 ATM/ITM SERVICE 739365 ACCESS SOFTEK INC 727 ALLSTON WAY SUITE C BERKELEY CA 94710 ONLINE/MOBILE BANKING 479018 JACK HENRY PO BOX 609 MONETT MO 65708 CORE SYSTEM 468532 STRATEGYCORPS LLC PO BOX 1167 BRENTWOOD TN 37024 CHECKING PROGRAM MANAGEMENT 193046 14 INTEREST ON LOANS 522100 19332921 19332921 FEES AND OTHER CHARGES 522100 2722607 2722607 INTEREST ON OTHER RECEIVABLES 522100 528003 528003 22583531 1644016 1644016 9629000 17004000 6271867 16647853 3357133 356147 3713280 3713280 OTHER INCOME 522100 3913113 3913113 NON-MEMBER ATM FEES 522100 30906 30906 3944019 31884846 31853940 30906 0 3100491 4982250 317503 1625965 652318 58884 104083 1345502 619902 4154557 10162 1160348 139064 889203 229513 CREDIT LOSS EXPENSE 9604074 INTEREST/DIVIDENDS PAID 7980233 MISCELLANEOUS EXPENSES 467602 LOAN SERVICING 459956 47971 37949581 13011576 10962031 40248703 65004996 20541258 20845962 436184348 376627223 20078750 9705619 11608212 10373131 69404483 69627890 2080910 1253600 40585195 43778067 633664685 598472900 12419807 7387897 27500000 24000000 522119943 517934243 562039750 549322140 X 0 0 6301653 6301653 65323282 42849107 71624935 49150760 633664685 598472900 X -6064735 575980 -16985420 X 0 1 X 1 0 696230 696230 13280356 5386742 7893614 1062596 862608 199988 5039568 3456269 1583299 10373131 NCUA SHARE 4175745 OTHER 38749462 CONSTRUCTION IN PROCESS 12620 PAID IN CAPITAL 682210 FORECLOSED AND REPOSSESSED ASSETS 158030 43778067 MEMBERS SHARE AND DEPOSIT ACCOUNTS 517934243 517934243 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME IS NOT SIGNIFICANT AND NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE CREDIT UNION'S WHOLLY-OWNED SUBSIDIARY IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES AND IS THEREFORE NOT SUBJECT TO FEDERAL INCOME TAX. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 OR 2023. INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS WOULD BE RECOGNIZED AS A NONINTEREST EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE CREDIT UNION RECOGNIZED NO TAX-RELATED INTEREST AND PENALTIES. X X X X 0 1 0 DOUG FAGAN CEO/PRESIDENT 417801 0 17207 0 218664 0 23068 0 689 0 677429 0 207864 0 JENNIFER MEYERS CFO 220459 0 9975 0 60539 0 13182 0 8624 0 312779 0 60539 0 SPENCER GUILFORD COO 184641 0 7987 0 0 0 8795 0 18272 0 219695 0 0 0 CAROL WADLEIGH CIO 189995 0 8046 0 0 0 10632 0 10112 0 218785 0 0 0 KIM CARTER VP OF SPECIAL SERVICES 163248 0 5021 0 0 0 33846 0 12507 0 214622 0 0 0 LAWRENCE NAZARENUS INVESTMENT ADVISOR 189124 0 0 0 0 0 11278 0 10994 0 211396 0 0 0 CHOUA LY SVP OF LENDING 149290 0 5044 0 0 0 33888 0 14228 0 202450 0 0 0 DANA ZAMORA VP OF HUMAN RESOURCES 155173 0 4938 0 0 0 28157 0 8387 0 196655 0 0 0 EILEEN ARNOLD VP OF ACCOUNTING 137349 0 4862 0 0 0 33567 0 18357 0 194135 0 0 0 TAMRA ANDERSON VP OF DEALER RELATIONS 136027 0 4809 0 6000 0 25000 0 14424 0 186260 0 0 0 JONATHAN SCOTTORN AVP OF TECHNOLOGY 174434 0 0 0 0 0 8477 0 2357 0 185268 0 0 0 KRISTA STAFFORD-EVANS VP OF MARKETING 142814 0 4838 0 0 0 32770 0 689 0 181111 0 0 0 LESLIE SPENCE VP OF MEMBER EXPERIENCE 124226 0 4095 0 0 0 32215 0 11226 0 171762 0 0 0 SHELDON MACCULLOUGH SYMITAR PROGRAMMER 140834 0 0 0 0 0 8081 0 6978 0 155893 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR SELECT MEMBERS OF MANAGEMENT UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. EACH MEMBER OF MANAGEMENT WHO IS OFFERED THE PLAN MUST BE CONTINUOUSLY EMPLOYED FOR A CERTAIN NUMBER OF YEARS TO EARN THE DEFERRED COMPENSATION PAYMENT. AMOUNTS ACCRUED UNDER THE PLAN FOR 2024 ARE AS FOLLOWS: EILEEN ARNOLD $25,000 CHOUA LY $25,000 DANA ZAMORA $25,000 KIM OLIVER $25,000 KRISTA EVANS $25,337 TAMRA ANDERSON $25,000 LESLIE SPENCE $25,000 DEBRA DUNNING OFFICER SPLIT DOLLAR LIFE INSURANCE X 4138477 4563156 0 1 1 DOUGLAS FAGAN OFFICER SPLIT DOLLAR LIFE INSURANCE X 11849477 10358052 0 1 1 CAROL WADLEIGH OFFICER SPLIT DOLLAR LIFE INSURANCE X 2277791 2548625 0 1 1 SPENCER GUILFORD OFFICER SPLIT DOLLAR LIFE INSURANCE X 1038064 1144587 0 1 1 JENNIFER MEYERS OFFICER SPLIT DOLLAR LIFE INSURANCE X 2193000 2231542 0 1 1 20845962 FORM 990, PART VI, SECTION A, LINE 6 PARTNER COLORADO CREDIT UNION (THE CREDIT UNION) IS A MEMBER-OWNED FINANCIAL COOPERATIVE OPERATED FOR THE BENEFIT OF THE MEMBERS OF EAGLE LEGACY CREDIT UNION, DENVER WATER CREDIT UNION, AND HEALTHONE FEDERAL CREDIT UNION. THE MEMBERSHIP OF EAGLE LEGACY CONSISTS OF EMPLOYEES AND RETIREES OF THE UNITED STATES POSTAL SERVICE IN THE STATE OF COLORADO, MEMBERS AND EMPLOYEES OF MEMBERS OF THE COLORADO RESTAURANT ASSOCIATION, VARIOUS SELECT EMPLOYEE GROUPS, INDIVIDUALS LIVING OR WORKING IN THE CITIES OF ARVADA AND LITTLETON, THE COUNTY OF BROOMFIELD AND SPECIFICALLY DEFINED COMMUNITIES IN ENGLEWOOD, AURORA AND DENVER, COLORADO AND THEIR FAMILIES. THE MEMBERSHIP OF DENVER WATER CREDIT UNION CONSISTS OF EMPLOYEES, RETIREES AND THEIR FAMILIES OF THE DENVER WATER DEPARTMENT. THE MEMBERSHIP OF HEALTHONE FEDERAL CREDIT UNION CONSISTS OF EMPLOYEES, VOLUNTEERS, RETIREES OF HCA HEALTHONE, LLC OR ROSE FOUNDATION AND THEIR SPOUSES. 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 COMPLETED FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO FILING. THE CHIEF FINANCIAL OFFICER IS AUTHORIZED TO SIGN AND FILE THE RETURN. THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C A WRITTEN ACKNOWLEDGMENT IS FILLED OUT EACH YEAR BY THE OFFICERS, DIRECTORS, AND EMPLOYEES WHICH COULD GIVE RISE TO POTENTIAL CONFLICTS WITHIN THE ORGANIZATION. ANY POTENTIAL ISSUES ARE DISCUSSED WITH THE KEY OFFICERS AND THOSE CHARGED WITH GOVERNANCE FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE VP OF HUMAN RESOURCES USES TWO FORMS OF SALARY RESEARCH PROVIDERS TO GATHER THE INFORMATION FOR EVERY POSITION IN THE CREDIT UNION YEARLY AND PROVIDES THIS INFORMATION TO THE SALARY AND WAGE COMMITTEE, CONSISTING OF THREE BOARD MEMBERS. THE BOARD APPROVES THE SALARY PERCENTAGE FOR ALL THE STAFF AFTER REVIEWING THE INFORMATION PROVIDED. THE PERCENTAGES ARE BROKEN DOWN IN THREE LEVELES AND THE INCREASE IS DETERMINED ON PERFORMANCE AND THE OVERALL RATING ON THE EMPLOYEES YEARLY EVALUATION. THE BOARD APPROVES THE CEO'S SLARY AND IT CAN BE SOMETHING OTHER THAN THE APPROVED PERCENTAGE FOR ALL THE STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AND ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV. FORM 990, PART XI, LINE 9: SHF HOLDINGS INC WRITE-DOWN RELATING TO DEFERRED TAX ASSET -16,985,420. PARTNER COLORADO CREDIT UNION HOLDING COMPANY LLC 6221 SHERIDAN BLVD ARVADA CO 80003 853129529 CREDIT UNION SERVICE ORGANIZATION CO PARTNER COLORADO CREDIT UNION 1