2016-09-26T13:18:56-05:00 2015-12-31 841474365 HOLBEN HAY LAKE BALZER CPAS LLC 1777 S HARRISON STREET 1000 DENVER CO 80210 990 2015-01-01 840160254 POWER CREDIT UNION POWE 7195640710 1615 E EVANS AVENUE PUEBLO CO 81004 VANESSA TREXEL PRESIDENT/CEO 7195640710 2016-09-19 1 SHEILA M BALZER P00967957 3037592727 2015 2017-02-10 21:41:12Z VANESSA TREXEL 1615 E EVANS AVE PUEBLO CO 81004 4568131 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. 7 7 49 12 8797 -1542 0 0 3857420 3762414 399148 416673 8158 8797 4264726 4187884 0 0 0 0 1462707 1517642 0 0 0 2307578 2146705 3770285 3664347 494441 523537 82454310 84952732 73165472 75202905 9288838 9749827 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 OF THE CREDIT UNION. OVER 11,000 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 1408 0 1 49 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X POWER CREDIT UNION 7195640710 1615 E EVANS AVENUE PUEBLO CO 81004 DON TRUJILLO CHAIRMAN 2.00 X 0 0 0 LEONARD FLORES VICE CHAIRMAN 2.00 X 0 0 0 BRYAN SANCHEZ SECRETARY/TREASURER 2.00 X 0 0 0 JUDY KOCHEVAR BOARD MEMBER 2.00 X 0 0 0 MILTON BATCHELDER JR BOARD MEMBER 2.00 X 0 0 0 JIM GILTNER BOARD MEMBER 2.00 X 0 0 0 JANE RHODES BOARD MEMBER 2.00 X 0 0 0 VANESSA TREXEL PRESIDENT/CEO 40.00 X 99411 0 0 SUSIE VAVRA VP OF OPERATIONS 40.00 X 59046 0 0 DON ORTEGA VP OF FINANCE/IT 40.00 X 71875 0 0 JENNIFER MRAVICH VP OF MARKETING 40.00 X 51865 0 0 SHARI KRASOVIC VP OF HR & MARKETING 40.00 X 54804 0 0 337001 0 0 0 0 0 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSOR 193344 1 INTEREST ON LOANS TO M 522100 2485155 2485155 FEES OND OTHER CHARGES 522100 741947 741947 OTHER INCOME 522100 535312 535312 3762414 414516 414516 382404 379664 583 2740 -583 2157 2157 NON-MEMBER ATM FEES 522100 8797 8797 8797 4187884 3764571 8797 414516 337001 916595 52797 105446 105803 5058 31225 86403 101162 326201 186278 49461 9278 223225 38183 MISCELLANEOUS EXPENSES 448515 PROVISION FOR LOAN LOSS 293282 INTEREST/DIVIDENDS PAID 223292 LOAN SERVICING 110701 14441 3664347 943854 1392278 5603526 5267495 41876824 44042409 6586012 3219493 3360795 3366519 6524358 6061638 19651633 20786133 4493320 4036260 82454310 84952732 1867630 726329 71297842 74476576 73165472 75202905 X 0 0 1482213 1482213 7806625 8267614 9288838 9749827 82454310 84952732 523537 -62548 0 X 0 0 0 1047920 1047920 3734079 1621035 2113044 1804013 1598458 205555 3366519 NON PERPETUAL CAPITAL AT CORPORATE CREDIT UNION 165724 C PERPETUAL CAPITAL AT CORPORATE CREDIT UNION 414309 C CERTIFICATES OF DEPOSIT 20122000 C ALL OTHER INVESTMENTS 84100 C 20786133 MEMBERS SHARE AND DEPOSIT ACCOUNTS 74476576 74476576 X X 1 1 X 0 0 0 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 11 THE COMPLETED FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND VICE PRESIDENT OF FINANCE AND IT. 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.