2025-11-12T13:25:11-06:00 2024-12-31 840919886 JONES MERTSCHING CPAS PC 32186 CASTLE COURT SUITE 220 EVERGREEN CO 80439 990 2024-01-01 846023137 CANVAS CREDIT UNION CANV 3036912345 9990 PARK MEADOWS DRIVE LONE TREE CO 80124 COLLEEN KNOLL CFO 3036912345 2025-11-12 1 1 ERIC L JONES CPA P00634170 3034809090 2025-11-12 2024 2025-03-06 01:10:19Z CHAD SHANE 9990 PARK MEADOWS DRIVE LONE TREE CO 80124 490577045 0 X WWW.CANVAS.ORG X 1938 CO CANVAS 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. 9 9 916 15 865629 0 0 0 290931325 336767161 14407221 21105884 2655701 2729212 307994247 360602257 881132 850778 0 0 84135188 87913075 0 0 0 191468941 248067008 276485261 336830861 31508986 23771396 4370149466 4585707238 3959179273 4150196310 410970193 435510928 CANVAS 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. 0 0 336830861 THE CREDIT UNION IS OWNED BY APPROXIMATELY 305,000 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. 336830861 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 98169 0 1 916 1 1 1 0 0 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X CANVAS CREDIT UNION 3036912345 9990 PARK MEADOWS DRIVE LONE TREE CO 80124 TIM FARRELL DIRECTOR 3.00 X 35000 0 0 TOM LASH CHAIRMAN 5.00 X 60000 0 0 SCOTT AARONSON DIRECTOR 3.00 X 35000 0 0 ROSALYNN FEAGINS VICE CHAIR 3.00 X 45000 0 0 TIM REED DIRECTOR 3.00 X 35000 0 0 JOSH BURCHFIELD TREASURER 3.00 X 35000 0 0 GARY JONES FORMER DIRECTOR 3.00 X 11667 0 0 JEROME DAVIS SECRETARY 3.00 X 35000 0 0 LEAH REED DIRECTOR 3.00 X 23333 0 0 NATRIECE BRYANT DIRECTOR 3.00 X 35000 0 0 DAVID PIERCE SVP/CIO 40.00 X 583687 0 633699 STEPHEN FERRERO CHIEF COMM ENG OFF 40.00 X 572030 0 619607 COLLEEN KNOLL CFO 40.00 X 892937 0 1058022 DARRYL MARKSBERRY FORMER CEO 40.00 X 4462038 0 17449 CHAD SHANE CEO 40.00 X 703231 0 797800 BENJAMIN GREIVING GENERAL COUNSEL 40.00 X 470307 0 531965 CHRIS MYKLEBUST CHIEF TRANSFORMATION OFFIC 40.00 X 477222 0 523164 SARA OTT CHIEF RETAIL OFFICER 40.00 X 543545 0 357963 CARLOS VAZQUEZ SVP CISO 40.00 X 515177 0 19206 RYAN KLASSEN SVP CONSUMER LENDING 40.00 X 480237 0 23428 ANDREW WATSON SVP MORTGAGE LENDING 40.00 X 992162 0 30663 ROBERT SPRATTE SVP OF LOSS MIT & COM CEN 40.00 X 463823 0 21000 FABBIANA VECCHIARELLI-RUKAVINA MORTAGE LOAN ORIG I 40.00 X 440900 0 22967 11947296 0 4656933 141 0 1 0 ELDER CONSTRUCTION INC 7380 GREENDALE ROAD WINDSOR CO 80550 CONSTRUCTION 3242902 PRO FOUND RECOVERY SOLUTIONS INC 11618 FIAR OAKS BLVD SUITE 101 FIAR OAKS CA 95628 ASSET RECOVERY 3158486 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 CARD/ATM SERVICES 3152261 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 75312 ONLINE BANKING 2828863 DOXIM INC 747 EAST WHITCOMB AVENUE MADISON HEIGHTS MI 48071 STATEMENT SERVICES 1830512 5 INTEREST MEMBER LOANS 522100 287672061 287672061 PLASTICS INCOME 522100 22505869 22505869 FEES MEMBER SERVICE 522100 19291743 19291743 OTHER OPERATING INCOME 522100 6105054 6105054 SHARED BRANCH INCOME 522100 1192434 1192434 336767161 7847487 -602481 8449968 1863583 0 1863583 1863583 1863583 6182389 137050796 6152330 123822458 30059 13228338 13258397 13228338 30059 NON-MEMBER ATM FEES 522100 496292 496292 INSURANCE INCOME 524298 369337 369337 865629 360602257 349393018 865629 10343610 850778 16604226 56795223 689890 9005269 4818467 328867 4937569 10086304 5521563 1226965 3261340 6872541 DIVIDENDS & INTEREST -M 111089974 PROVISION FOR LOAN LOSS 65385178 TRANSACTION PROCESSING 19765348 OFFICE OPERATIONS 10781927 8809432 336830861 17546581 13818221 122338288 136519668 2177744 5549334 88007900 81082089 3846157264 4059742967 4447665 5146189 157180786 63871436 90890655 93309350 82521937 69893690 17140662 11268725 4404683 4133145 94516087 105243860 4370149466 4585707238 43386761 45656804 3520493 4031214 20000000 20000000 3892272019 4080508292 3959179273 4150196310 X 0 0 0 0 410970193 435510928 410970193 435510928 4370149466 4585707238 23771396 769339 0 X 0 1 X 1 0 1 6173810 20164288 20082010 6256088 1 X 25010163 25010163 88719061 29341739 59377322 7895875 5889439 2006436 24449981 18243251 6206730 11105706 10397007 708699 93309350 MEMBER SHARES 378294647 OTHER MEMBER DEPOSITS 2236308167 CDS 1465905478 4080508292 X 360602257 0 360602257 0 360602257 336830861 0 336830861 0 336830861 PART IV, LINE 1B: THE CREDIT UNION SELLS FIRST MORTGAGE LOANS TO OTHERS WITH SERVICING RETAINED. THE CUSTODIAL ESCROW ACCOUNTS RELATED TO THESE MORTGAGE LOANS ARE NOT INCLUDED IN THE CREDIT UNION'S FINANCIAL STATEMENTS. PART IV, LINE 2B: 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, LINE 2: 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, EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED IN IRC SECTION 512 AND IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007 TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE INTERNAL REVENUE SERVICE 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 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, 2024, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 COLORADO STATE UNIVERSITY PUEBLO FOUNDATION 2200 BONFORTE BLVD PUEBLO CO 81001 846035959 115600 0 DONATION PLAYFLY SPORTS PROPERTIES LLC 22 CASSATT AVENUE BERWYN PA 19312 851210887 277750 0 DONATION TEALL PROPERTIES GROUP LLC PO BOX 31384 CHARLOTTE NC 28231 832060347 52500 0 DONATION CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 31187 0 DONATION CHERRY CREEK ARTS FESTIVAL DBA CHERRYARTS 2 STEELE STREET SUITE B200 DENVER CO 80206 742546811 32500 0 DONATION COLORADO STATE UNIVERSITY PO BOX 483 FORT COLLINS CO 80522 846000545 51905 0 DONATION SPECIAL OLYMPICS COLORADO 12450 E ARAPAHOE RD SUITE C CENTENNIAL CO 80112 840713739 25000 0 DONATION CHILDREN'S HOSPITAL COLORADO FOUNDATION 13123 E 16TH AVENUE BOX 465 AURORA CO 80045 840813462 24500 0 DONATION GOLD CROWN FOUNDATION INC 1743 WAZEE STREET SUITE 300 DENVER CO 80202 742422126 13584 0 DONATION UNIVERSITY OF DENVER 2101 S UNIVERSITY BLVD DENVER CO 80210 840404231 16500 0 DONATION POUDRE SCHOOL DISTRICT 2407 LAPORTE AVE FORT COLLINS CO 80521 846013733 10000 0 DONATION CITY OF FRUITA 325 E ASPEN SUITE 155 FRUITA CO 81521 846000669 10000 0 DONATION DU RETIREES ASSOCIATION 2199 S UNIVERSITY BLVD DENVER CO 80210 840404231 10000 0 DONATION THOMPSON EDUCATION FOUNDATION 800 S TAFT AVENUE LOVELAND CO 80537 841158256 11250 0 DONATION BIZWEST MEDIA LLC PO BOX 270810 FORT COLLINS CO 80527 274813583 7300 0 DONATION DISTRICT 51 FOUNDATION 2115 GRAND AVENUE GRAND JUNCTION CO 81501 273662704 6000 0 DONATION GRAND JUNCTION DOWNTOWN DEVELOPMENT AUTHORITY 101 S 3RD STREET SUITE 100 GRAND JUNCTION CO 81501 846000592 6000 0 DONATION MT CARMEL VETERANS SERVICE CENTER 530 COMMUNICATION CIR COLORADO SPRINGS CO 80905 811652178 5500 0 DONATION CITY OF LONE TREE DBA LONE TREE ARTS CENTER 10075 COMMONS STREET LONE TREE CO 80124 841348197 5500 0 DONATION COLORADO HISPANIC CHAMBER OF COMMERCE 444 SHERMAN STREET DENVER CO 80203 840845219 5500 0 DONATION COLORADO MESA UNIVERSITY FOUNDATION 1450 NORTH 12TH STREET GRAND JUNCTION CO 81501 846037667 7500 0 DONATION CANVAS FOUNDATION 9990 PARK MEADOWS DRIVE LONE TREE CO 80124 811755475 105202 0 DONATION PART I, LINE 2: THE CREDIT UNION MONITORS THE USE OF GRANT FUNDS BY ATTENDING THE SPONSORSHIP EVENT AND/OR OBSERVING THE RESULTS IN THE COMMUNITY. X X 1 1 X X X X 1 1 0 DARRYL MARKSBERRY FORMER CEO 2458123 0 907450 0 1096465 0 8862 0 8587 0 4479487 0 2126448 0 COLLEEN KNOLL CFO 672767 0 195285 0 24885 0 1042481 0 15541 0 1950959 0 0 0 CHAD SHANE CEO 500645 0 182796 0 19790 0 781151 0 16649 0 1501031 0 0 0 DAVID PIERCE SVP/CIO 396218 0 173082 0 14387 0 618116 0 15583 0 1217386 0 0 0 STEPHEN FERRERO CHIEF COMM ENG OFF 388936 0 166796 0 16298 0 604018 0 15589 0 1191637 0 0 0 ANDREW WATSON SVP MORTGAGE LENDING 242341 0 746397 0 3424 0 10362 0 20301 0 1022825 0 0 0 BENJAMIN GREIVING GENERAL COUNSEL 314889 0 139544 0 15874 0 511506 0 20459 0 1002272 0 0 0 CHRIS MYKLEBUST CHIEF TRANSFORMATION OFFIC 323534 0 139913 0 13775 0 508255 0 14909 0 1000386 0 0 0 SARA OTT CHIEF RETAIL OFFICER 297645 0 132550 0 113350 0 337537 0 20426 0 901508 0 0 0 CARLOS VAZQUEZ SVP CISO 438551 0 65090 0 11536 0 10104 0 9102 0 534383 0 172727 0 RYAN KLASSEN SVP CONSUMER LENDING 416456 0 50416 0 13365 0 9242 0 14186 0 503665 0 166111 0 ROBERT SPRATTE SVP OF LOSS MIT & COM CEN 392670 0 60522 0 10631 0 12137 0 8863 0 484823 0 148624 0 FABBIANA VECCHIARELLI-RUKAVINA MORTAGE LOAN ORIG I 0 0 440186 0 714 0 12036 0 10931 0 463867 0 0 0 PART I, LINE 1A 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. ONCE A YEAR, THE CEO AND BOARD CHAIR ATTEND A CONFERENCE AND TRAVEL FIRST CLASS. PART I, LINES 4A-B SECTION 457(F) NON QUALIFIED DEFERRED COMPENSATION PLAN: THE CREDIT UNION HAD 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 WERE AS FOLLOWS: KNOLL - $1,031,865 SHANE - $767,351 PIERCE - $605,789 FERRERO - $594,906 OTT - $330,309 GREIVING - $497,706 MYKELBUST - $499,024 AMOUNTS PAID TO PLAN PARTICIANTS IN 2024 WERE AS FOLLOWS: MARKSBERRY - $2,126,448 SPRATTE - $148,624 VAZQUEZ - $172,727 KLASSEN - $166,111 AMOUNTS PAID IN 2024 FOR SEVERENCE: MARKSBERRY - $1,053,522 STEPHEN FERRERO OFFICER HOME X 585619 528156 0 1 1 CHAD SHANE OFFICER HOME X 1700000 1502105 0 1 1 COLLEEN KNOLL OFFICER HOME X 1351575 1015690 0 1 1 DAVID PIERCE OFFICER HOME X 2288000 2216004 0 1 1 SARA OTT OFFICER HOME X 1195000 1011403 0 1 1 RYAN KLASSEN OFFICER HOME X 395000 330667 0 1 1 BENJAMIN GREIVING OFFICER HOME X 500000 426680 0 1 1 CHRISTEN MYKLEBUST OFFICER HOME X 1219158 851047 0 1 1 DOUGLAS MARKSBERRY OFFICER FAMILY MEMBER HOME X 443746 380197 0 1 1 TANSLEY STEARNS FORMER OFFICER RETIREMENT X 4577598 3856534 0 1 1 STEPHEN FERRERO OFFICER RETIREMENT X 9462961 10012663 0 1 1 BEN GREIVING OFFICER RETIREMENT X 2365584 2503000 0 1 1 TODD MARKSBERRY OFFICER RETIREMENT X 25964687 20907146 0 1 1 CHRIS MYKLEBUST OFFICER RETIREMENT X 5306408 5614656 0 1 1 DAVID PEIRCE OFFICER RETIREMENT X 6073608 6426424 0 1 1 CHAD SHANE OFFICER RETIREMENT X 5756564 6090963 0 1 1 COLLEEN KNOLL OFFICER RETIREMENT X 10699092 11320601 0 1 1 CARLOS VAZQUEZ EMPLOYEE HOME X 428000 377877 0 1 1 ANDREW WATSON EMPLOYEE HOME X 1722500 1699054 0 1 1 SARA OTT OFFICER RETIREMENT X 3430000 3481621 0 1 1 ROBERT SPRATTE EMPLOYEE HOME X 599200 529601 0 1 1 81082089 TREY MARKSBERRY SON OF FORMER CEO 208987 COMPENSATION 0 COLIN SHANE SON OF CLO 50884 COMPENSATION 0 TAYLOR GIMBERT MARKSBERRY DAUGHTER IN LAW OF CEO 24627 COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - 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, GRAND JUNCTION, RIFLE, AND FRUITA AND OTHER CENSUS TRACTS GENERALLY IN THE DENVER, COLORADO METROPOLITAN AREA. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE MEMBERS ELECT THE GOVERNING BODY BY VOTE AT THE ANNUAL MEETING. 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 - MANAGEMENT PROVIDES THE REQUIRED INFOMATION TO THE CREDIT UNION'S INDEPENDENT CPA FIRM FOR COMPLETION OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C 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, SECTION B, LINE 15 COMPENSATION FOR THE CEO, SENIOR EXECUTIVES, VICE PRESIDENT, ASSISTANT VICE PRESIDENT, AND OTHER HIGHLY COMPENSATED EMPLOYEES (SPECIFICALLY MORTGAGE AND COMMERCIAL LOAN ORIGINATORS) WAS REVIEWED AND APPROVED IN 2024. AN INDEPENDENT COMPENSATION FIRM, THE CARDWELL GROUP, WAS ENGAGED BY THE BOARD TO REVIEW THE CEO'S COMPENSATION PLAN, AND THE CARDWELL GROUP WAS SEPARATELY ENGAGED BY THE ORGANIZATION TO REVIEW THE COMPENSATION OF THE OTHER KEY EMPLOYEES REFERENCED IN LINE 15B. THE CARDWELL GROUP PROVIDED INDEPENDENT AND MARKET-BASED DATA, AND ASSISTED THE ORGANIZATION WITH REVISING ITS COMPENSATION PHILOSOPHY. THE PHILOSOPHY TAKES INTO CONSIDERATION SEVERAL FACTORS, INCLUDING: PERFORMANCE; MARKET DATA; TOTAL COMPENSATION; AND THE LONG-TERM FINANCIAL CONDITION OF THE ORGANIZATION. COMPENSATION FOR THE CEO AND OTHER KEY EMPLOYEES WAS ADJUSTED BASED ON THIS PHILOSOPHY AND THE INDEPENDENT DATA PROVIDED BY THE CARDWELL GROUP. FORM 990, PART VI, SECTION C, LINE 19 OTHER THAN THE FORM 990, NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990 - SCH L - PART II THE CREDIT UNION OFFERS A 1% LOAN DISCOUNT RATE ON CONSUMER LOANS AND OFFERS A 2% DISCOUNT RATE ON FIRST MORTGAGE LOANS TO ALL EMPLOYEES. CANVAS FOUNDATION 9990 PARK MEADOWS DRIVE LONE TREE CO 80124 811755475 COMMUNITY FOUNDATION CO 501(C)(3) 509(A)(2) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CANVAS FOUNDATION B 105202 CASH