CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-6023137)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-09
- IRS object ID
- 201633149349301798
- Schema version
- 2015v2.0
- 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 | 2016-11-09T11:27:09-08:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jones Mertsching CPAs PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32186 Castle Ct Suite 220 | AddressLine1Txt |
| City | Evergreen | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80439 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 846023137 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUBLIC SERVICE CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PUBL | BusinessNameControlTxt |
| Phone | 3036912345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9990 PARK MEADOWS DRIVE | AddressLine1Txt |
| City | LONE TREE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80124 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Colleen Knoll | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2016-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Eric L Jones | PreparerPersonNm |
| PTIN | P00634170 | PTIN |
| Phone | 3034809090 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Darryl T Marksberry | PrincipalOfficerNm |
| Gross Receipts | $192,224,937 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pscu.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | Public Service Credit Union will strive to help individuals and families make better decisions and grow stronger financially. We will provide simple and relevant products and services at a consistently honest value. We will help members afford life. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 604 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $817,487 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$351,944 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $67,282,538 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $81,944,780 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,101,327 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,392,191 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,589,819 | PYOtherRevenueAmt |
| CY Other Revenue | $2,008,662 | CYOtherRevenueAmt |
| PY Total Revenue | $74,973,684 | PYTotalRevenueAmt |
| CY Total Revenue | $91,345,633 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $84,471 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $55,500 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $26,412,375 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $28,603,448 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,599,271 | PYOtherExpensesAmt |
| CY Other Expenses | $40,015,862 | CYOtherExpensesAmt |
| PY Total Expenses | $57,096,117 | PYTotalExpensesAmt |
| CY Total Expenses | $68,674,810 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $17,877,567 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $22,670,823 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,451,751,516 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,630,945,103 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,296,420,929 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,453,238,261 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $155,330,587 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $177,706,842 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Public Service Credit Union will strive to help individuals and families make better decisions and grow stronger financially. We will provide simple and relevant products and services at a consistently honest value. We will help members afford life. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | The Credit Union is owned by approximately 178,000 members. The Credit Union provides financial services to its members, such as consumer lending, shared branching services, deposit/transactional services, mortgage lending, commercial lending, home banking, bill payment and other financial services. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 15199 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 604 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Public Service Credit Union | PersonNm |
| Phone | 3036912345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9990 Park Meadows Drive | AddressLine1Txt |
| City | Lone Tree | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80124 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Tim Farrell | ||||||||
| Chairman | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Tom Lash | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Scott Aaronson | ||||||||
| Treasurer | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Phil Showalter | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Rosalynn Feagins | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Darrell Digs | ||||||||
| Asst Treasurer | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Tim Reed | ||||||||
| Vice Chair | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Josh Burchfield | ||||||||
| Asst Secretary | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Gary Jones | ||||||||
| Secretary | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| David E Maus | ||||||||
| Former CEO | 40.00 | 0.00 | $1,274,906 | $0 | $41,522 | Yes (X) | ||
| Cynthia G Koan | ||||||||
| Former SVP/CSO | 40.00 | 0.00 | $1,601,319 | $0 | $25,335 | Yes (X) | ||
| David Pierce | ||||||||
| SVP/CIO | 40.00 | 0.00 | $326,457 | $0 | $36,132 | Yes (X) | ||
| Stephen Ferrero | ||||||||
| VP | 40.00 | 0.00 | $216,539 | $0 | $20,762 | Yes (X) | ||
| Carlos Vazquez | ||||||||
| VP | 40.00 | 0.00 | $173,734 | $0 | $25,714 | Yes (X) | ||
| Evonna L Thorburn | ||||||||
| Former SVP/CXO | 40.00 | 0.00 | $261,947 | $0 | $19,191 | Yes (X) | ||
| Herbert White | ||||||||
| Former SVP/CLO | 40.00 | 0.00 | $81,177 | $0 | $8,522 | Yes (X) | ||
| Colleen Knoll | ||||||||
| SVP/CFO | 40.00 | 0.00 | $324,302 | $0 | $41,437 | Yes (X) | ||
| Louis Lubick | ||||||||
| VP | 22.00 | 0.00 | $140,700 | $0 | $16,260 | Yes (X) | ||
| Darryl Marksberry | ||||||||
| CEO | 40.00 | 0.00 | $317,065 | $0 | $6,816 | Yes (X) | ||
| Mary Kathryn Uhl | ||||||||
| Former VP HR | 40.00 | 0.00 | $151,981 | $0 | $12,621 | Yes (X) | ||
| Chad Shane | ||||||||
| Chief Lending | 40.00 | 0.00 | $198,873 | $0 | $23,329 | Yes (X) | ||
| Michelle Tygart | ||||||||
| Genl Counsel/VP | 40.00 | 0.00 | $181,819 | $0 | $30,027 | Yes (X) | ||
| Carole Sumption | ||||||||
| SVP of HR | 40.00 | 0.00 | $20,838 | $0 | $0 | Yes (X) | ||
| Terri Stonebraker | ||||||||
| VP of Mortgages | 40.00 | 0.00 | $239,167 | $0 | $19,494 | Yes (X) | ||
| Sarah Collins | ||||||||
| VP of Bus Svcs | 40.00 | 0.00 | $144,637 | $0 | $26,310 | Yes (X) | ||
| Justin Kautz | ||||||||
| VP of Finance | 40.00 | 0.00 | $132,246 | $0 | $14,160 | Yes (X) | ||
| Michael Kitch | ||||||||
| Investment Rep | 40.00 | 0.00 | $161,978 | $0 | $17,806 | Yes (X) | ||
| Scott Kline | ||||||||
| 40.00 | 0.00 | $166,991 | $0 | $5,144 | Yes (X) | |||
| Angela Webb | ||||||||
| 40.00 | 0.00 | $124,565 | $0 | $12,022 | Yes (X) | |||
| Rhianon Collins | ||||||||
| 40.00 | 0.00 | $179,266 | $0 | $18,164 | Yes (X) | |||
| Colby Stephens | ||||||||
| 40.00 | 0.00 | $172,709 | $0 | $17,620 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,593,216 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $438,388 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|
| CO-OP | ||||||||
| 9692 Haven Avenue | Ranco Cucmonga | CA | 91730 | Elec svcs/call cntr | $4,196,900 | |||
| AD Miller Services Inc | ||||||||
| 7006 S Alton Way | Centennial | CO | 80112 | Property Management | $3,198,114 | |||
| Diebold Inc | ||||||||
| PO Box 643543 | Pittsburgh | PA | 15264 | ATMs & Maint | $570,903 | |||
| CenturyLink Communications Inc | ||||||||
| 700 W Mineral Avenue | Littleton | CO | 80120 | $568,601 | ||||
| Info Image | ||||||||
| Statement Mailing | $736,318 | 141 Jefferson Drive | Menlo Park | OC | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Fees Member Service | 522100 | $11,300,697 | $11,300,697 |
| Interest Member Loans | 522100 | $54,316,916 | $54,316,916 |
| Other Operating Income | 522100 | $2,640,058 | $2,640,058 |
| Plastics Income | 522100 | $12,014,351 | $12,014,351 |
| Shared Branch Income | 522100 | $1,672,758 | $1,672,758 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $81,944,780 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,661,438 | TotalRevenueColumnAmt |
| Exclusion | $4,661,438 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,191,175 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,191,175 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,191,175 | TotalRevenueColumnAmt |
| Exclusion | $1,191,175 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $103,610,057 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $36,991 | SecuritiesAmt |
| Other | $100,842,313 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$36,991 | SecuritiesAmt |
| Other | $2,767,744 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,730,753 | TotalRevenueColumnAmt |
| Exclusion | $2,730,753 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| Insurance Income | 524298 | $109,335 | $109,335 |
| Non-Member ATM Fees | 522100 | $708,152 | $708,152 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $817,487 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,345,633 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $81,944,780 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $817,487 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,583,366 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,500 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,155,339 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,692,411 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $913,083 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,172,590 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,670,025 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,623 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,285 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,014,558 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,045,321 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,193,027 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $736,978 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,151 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,262,791 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Transaction Processing | $7,601,211 |
| Provision for Loan Losses | $6,982,706 |
| Office Operations | $4,058,538 |
| Dividends & Interest -Members | $3,939,745 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,941,928 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,674,810 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,803,873 | BOYAmt |
| EOY | $16,328,623 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,614,015 | BOYAmt |
| EOY | $118,924,735 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,270,971 | BOYAmt |
| EOY | $4,479,756 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,842,328 | BOYAmt |
| EOY | $856,196 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $954,028,977 | BOYAmt |
| EOY | $1,219,973,035 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,240,400 | BOYAmt |
| EOY | $1,376,662 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $70,252,835 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,905,113 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,465,697 | BOYAmt |
| EOY | $39,347,722 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,810,563 | BOYAmt |
| EOY | $183,073,443 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,401,301 | BOYAmt |
| EOY | $11,219,387 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,483,018 | BOYAmt |
| EOY | $10,372,886 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,790,373 | BOYAmt |
| EOY | $24,992,658 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,451,751,516 | BOYAmt |
| EOY | $1,630,945,103 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,990,397 | BOYAmt |
| EOY | $18,017,596 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $673,651 | BOYAmt |
| EOY | $783,340 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,277,756,881 | BOYAmt |
| EOY | $1,434,437,325 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,296,420,929 | BOYAmt |
| EOY | $1,453,238,261 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,330,587 | BOYAmt |
| EOY | $177,706,842 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,330,587 | BOYAmt |
| EOY | $177,706,842 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,451,751,516 | BOYAmt |
| EOY | $1,630,945,103 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $22,670,823 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$250,765 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$43,803 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $1,759,070 | BeginningBalanceAmt |
| Additions During Year | $3,874,312 | AdditionsDuringYearAmt |
| Distributions During Year | $3,277,823 | DistributionsDuringYearAmt |
| Ending Balance | $2,351,333 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,087,145 | OtherCostOrOtherBasisAmt |
| Book Value | $15,087,145 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $32,595,472 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,209,720 | DepreciationAmt |
| Book Value | $20,385,752 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,602,262 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,103,335 | DepreciationAmt |
| Book Value | $498,927 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,739,998 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,201,051 | DepreciationAmt |
| Book Value | $538,947 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,227,958 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,391,007 | DepreciationAmt |
| Book Value | $2,836,951 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $39,347,722 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CDs | $212,532,598 |
| Member Shares | $305,388,630 |
| Other Member Deposits | $916,516,097 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,434,437,325 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib | The Credit Union sells first mortgage loans to others with servicing retained. The custodial escrow accounts related to these mortgage loans are included in the Credit Union's financial statements. |
| Part IV, Line 2b: Explanation of escrow account liability | The Credit Union services first mortgage loans held in its own portfolio. The custodial escrow accounts related to these mortgage loans are included in the Credit Union's financial statements, and are reported as an escrow liability. |
| Part X : FIN48 Footnote | The Credit Union is exempt, by statute, from federal and state income taxes. The Credit Union is a state-chartered credit union described in Internal Revenue Code (IRC) Section 501(c)(14). As such, the Credit Union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, IRC Section 511 imposes a tax on the unrelated business income (as defined in Section 512) derived by state-chartered credit unions. Many states have similar laws. The specific application of Section 512 to the various activities conducted by state-chartered credit unions has been an issue for many years. During 2007, the Internal Revenue Service (IRS) issued a series of Technical Advice Memoranda (TAM) to a number of state-chartered credit unions located throughout the country. In these TAMs, the IRS ruled certain products and services to be subject to taxation as unrelated business income. In light of the TAMs, the Credit Union has assessed its activities and any potential federal or state income tax liability. Management has determined that no liability exists from federal or state taxation of activites deemed to be unrelated to its exempt purpose.FASB ASC Topic 740, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Credit Union's tax returns to determine whether the tax positions are more likely than not to be sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. For the year ended December 31, 2015, management has determined that there are no material uncertain tax positions. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Denver Better Business Bureau | ||||||||
| 1020 Cherokee St | Denver | CO | 80204 | 840415110 | 501(c)(6) | $25,000 | $0 | Event Sponsorships |
| Miss Colorado | ||||||||
| 15418 W 95th Avenue | Arvada | CO | 80007 | 452180325 | $25,000 | $0 | Sponsorship | |
| Regents of University of CO | ||||||||
| 1800 Grant Street Suite 800 | Denver | CO | 80203 | 846000555 | $5,500 | $0 | Sponsorship | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grantmaker's Description of How Grants are Used | FormAndLineReferenceDesc |
| Explanation | The Credit Union monitors the use of grant funds by attending the sponsorship event and/or observing the results in the community. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt |
|---|---|---|---|---|---|---|---|
| Carlos Vazquez | |||||||
| VP | $145,669 | $28,065 | $17,628 | $8,086 | $199,448 | ||
| Chad Shane | |||||||
| Chief Lending | $161,774 | $37,099 | $18,382 | $4,947 | $222,202 | ||
| Colby Stephens | |||||||
| $22,857 | $149,852 | $17,620 | $190,329 | ||||
| Colleen Knoll | |||||||
| SVP/CFO | $245,585 | $78,717 | $30,166 | $11,271 | $365,739 | ||
| Cynthia G Koan | |||||||
| Former SVP/CSO | $213,779 | $19,244 | $6,091 | $1,626,654 | $1,387,540 | ||
| Darryl Marksberry | |||||||
| CEO | $217,065 | $100,000 | $6,816 | $323,881 | |||
| David E Maus | |||||||
| Former CEO | $967,154 | $30,513 | $11,009 | $1,316,428 | $307,752 | $307,752 | |
| David Pierce | |||||||
| SVP/CIO | $256,265 | $70,192 | $26,460 | $9,672 | $362,589 | ||
| Evonna L Thorburn | |||||||
| Former SVP/CXO | $201,840 | $17,473 | $1,718 | $281,138 | $60,107 | ||
| Louis Lubick | |||||||
| VP | $140,700 | $13,663 | $2,597 | $156,960 | |||
| Mary Kathryn Uhl | |||||||
| Former VP HR | $68,134 | $6,527 | $6,094 | $164,602 | $83,847 | ||
| Michael Kitch | |||||||
| Investment Rep | $161,370 | $608 | $17,806 | $179,784 | |||
| Michelle Tygart | |||||||
| Genl Counsel/VP | $151,670 | $30,149 | $18,890 | $11,137 | $211,846 | ||
| Rhianon Collins | |||||||
| $22,988 | $156,278 | $18,164 | $197,430 | ||||
| Sarah Collins | |||||||
| VP of Bus Svcs | $121,167 | $23,470 | $15,121 | $11,189 | $170,947 | ||
| Scott Kline | |||||||
| $67,563 | $99,428 | $5,144 | $172,135 | ||||
| Stephen Ferrero | |||||||
| VP | $179,566 | $36,973 | $19,649 | $1,113 | $237,301 | ||
| Terri Stonebraker | |||||||
| VP of Mortgages | $204,726 | $34,441 | $11,362 | $8,132 | $258,661 | ||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
| Explanation | Cherry Creek Country Club dues were provided to the Credit Union's former CEO. Spouse travel was provided to Board members. The spouse travel benefits were treated as taxable compensation if exceeded $600, and all benefits are approved through the annual budgeting process. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (8 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Stephen J Ferrero | |||||||
| Officer | Home | Yes (X) | $207,500 | $82,688 | false | false | Yes (true) |
| Carlos Vazquez | |||||||
| Officer | Auto | Yes (X) | $50,353 | $40,328 | false | false | Yes (true) |
| David Pierce | |||||||
| Officer | Auto | Yes (X) | $21,263 | $18,050 | false | false | Yes (true) |
| Colleen Knoll | |||||||
| Officer | Home | Yes (X) | $417,000 | $380,064 | false | false | Yes (true) |
| Colleen Knoll | |||||||
| Officer | Auto | Yes (X) | $44,858 | $19,621 | false | false | Yes (true) |
| Carlos Vasquez | |||||||
| Officer | Home | Yes (X) | $318,000 | $275,202 | false | false | Yes (true) |
| Angela Webb | |||||||
| High Comp | Home | Yes (X) | $322,500 | $31,538 | false | false | Yes (true) |
| Michelle Tygart | |||||||
| Officer | Auto | Yes (X) | $10,000 | $8,703 | false | false | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $856,194 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| CUILA LLC | |||
| See Schedule O | $209,278 | Indirect Lending Fees | false |
| Centennial Lending LLC | |||
| See Schedule O | $49,862 | Loan Orig & Serv | false |
| Extenisa LLC | |||
| See Schedule O | $75,898 | Loan Orig & Serv | false |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Client Note 1 | Client Note 1 - UBIT REPORTING:In May 2009, a federal court jury in Wisconsin ruled in the Community First Credit Union case that credit life and disability insurance and GAP insurance coverage made available to member-borrowers by Community First Credit Union of Appleton, Wisconsin were "substantially related" to Community First's tax exempt purpose. The court granted a tax refund to Community First based on the jury's verdict, confirming that credit insurance and GAP were not subject to the unrelated business income tax (UBIT). The IRS did not appeal the case.In November 2009, in the Bellco Credit Union case, the U.S. District Court in Colorado ruled that commissions received by Bellco Credit Union of Greenwood Village, Colorado from the sale of financial products to Bellco members, were not subject to UBIT. The court ruled that the sale of those financial products to Bellco members was "substantially related" to Bellco's tax-exempt purpose of promoting thrift among its members, and the resulting income was exempt from UBIT.In April 2010, the court in Colorado issued its second and final decision in the Bellco Credit Union case, holding that (i) credit life and disability insurance was "substantially related" to Bellco's tax-exempt purpose of promoting thrift among its members, and (ii) Bellco income from AD&D insurance sold to members by an independent marketing company, where Bellco was essentially limited to allowing use of its name and brand, providing member contact information, and reviewing and approving (but not creating) the marketing materials, represented passive "royalty" income exempt from UBIT. On October 19, 2010 the U.S. Department of Justice abandoned its plan to appeal the federal judge's favorable credit union rulings in the Bellco case.The decisions in these court cases are now definitive statements of the law, are not subject to further review, and provide "substantial authority" that income from the sale of credit life and disability insurance, GAP coverage, financial products sold to credit union members, and AD&D insurance sold via direct mail is exempt from UBIT. As such, for 2015, Public Service Credit Union is not reporting these income sources as subject to UBIT, but is filing a 2015 Form 990-T to report income from other insurance products and non-member ATM fees. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The field of membership of this Credit Union shall be: A member of the immediate family of any person who, under the provisions of this Article, is eligible for membership in the Credit Union may also be admitted to membership therein. "Immediate family" means persons related by blood, by marriage or by 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 includes employees and retirees (including the definitions above) of Excel Energy, and past and present faculty, staff, student, alumni, and retirees of the University of Colorado Health Sciences Center, and employees or members of other business (SEGs) or Associations generally in the Denver, Colorado metropolitan area. Membership also includes all persons living or working in certain communities of Colorado Springs, Arvada, Littleton, Aurora, Thornton, boundaries of Denver International Airport, Southwest Plaza Mall, Stapleton Redevelopment Area, Larimer County, and other census tracts generally in the Denver, Colorado metropolitan area. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | The members elect the governing body by vote at the annual meeting. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | 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, Line 11b: Form 990 Review Process | Management provides the required infomation to the Credit Union's independent CPA Firm for completion of the Form 990. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The Directors complete the conflict of interest disclosure following each Annual Meeting. On an annual basis, the Board receives a presentation on Fiduciary Responsibilities/Ethics. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Compensation for senior management was reviewed in Q1 2016. An independent executive consultant from the Harlon Group was retained to evaluate all AVP, VP, and SVP positions. Job descriptions were updated and market priced based on industry, geographic location and asset size comparable data. A compensation philosophy was developed to guide pay practices and determine how each position would be paid based on market median data, time with Public Service and career experience in the position. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Other than the Form 990, no documents are made available to the public. |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Return of Corporate Credit Union Capital = -$43803 |
| Form 990 - Sch L - Part II | The Credit Union offers a 1% loan discount rate on consumer loans and first mortgages to all employees, and offers a 2% discount rate on first mortgage loans to select employees only. |
| Form 990 - Sch L - Part IV | The Credit Union's CEO is on the Board of Directors of CUILA, LLC and Extenisa, LLC. The Credit Union's Chief Lending Officer is on the Board of Directors of Extenisa, LLC. The Credit Union's CFO is on the Board of Directors of Centennial Lending. The Credit Union participates in an indirect lending program that allows a member to obtain financing of a purchased automobile at the point of purchase at the dealership. CUILA, LLC (dba CU Direct Connect) is the entity that facilitates the indirect program for participating credit unions. The fees paid to CUILA, LLC are the same fees that are paid by all participants in the program.Centennial Lending, LLC and Extenisa, LLC are credit union service organizations that originate and service real estate and business loans for participating credit unions. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Members Insurance Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9990 Park Meadows Drive | AddressLine1Txt |
| City | Lone Tree | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841004011 | EIN |
| Primary Activities | Insurance Agency | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | $740 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $341,268 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |