CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-0459116)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-13
IRS object ID: 201203189349305155
Schema version: 2011v1.2
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
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-13T21:40:59-00:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	840459116	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ELEVATIONS CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ELEV	NameControl
Phone	3034434672	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9004	AddressLine1
City	BOULDER	City
State	CO	State
ZIP Code	803019004	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MICHAEL CALCOTE	Name
Title	CFO	Title
Date Signed	2012-11-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2012-11-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GERRY AGNES	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9004	AddressLine1
City	BOULDER	City
State	CO	State
ZIP Code	803019004	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	221100782	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	1948	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.ELEVATIONSCU.COM	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1952	YearFormation
State Legal Domicile	CO	StateLegalDomicile
Activity Or Mission Description	WE PROVIDE SOLUTIONS FOR A BETTER LIFE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	366	TotalNbrEmployees
Total Nbr Volunteers	14	TotalNbrVolunteers
Total Gross UBI	363440	TotalGrossUBI
Net Unrelated Business Txbl Income	-402073	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	45146968	ProgramServiceRevenuePriorYear
Program Service Revenue CY	45506723	ProgramServiceRevenueCY
Investment Income Prior Year	7439873	InvestmentIncomePriorYear
Investment Income Current Year	8320129	InvestmentIncomeCurrentYear
Other Revenue Prior Year	3199162	OtherRevenuePriorYear
Other Revenue Current Year	2760322	OtherRevenueCurrentYear
Total Revenue Prior Year	55786003	TotalRevenuePriorYear
Total Revenue Current Year	56587174	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	16801884	SalariesEtcPriorYear
Salaries Etc Current Year	20922366	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	29112700	OtherExpensePriorYear
Other Expenses Current Year	26728168	OtherExpensesCurrentYear
Total Expenses Prior Year	45914584	TotalExpensesPriorYear
Total Expenses Current Year	47650534	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	9871419	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	8936640	RevenuesLessExpensesCY
Total Assets BOY	970641113	TotalAssetsBOY
Total Assets EOY	1143995462	TotalAssetsEOY
Total Liabilities BOY	887370237	TotalLiabilitiesBOY
Total Liabilities EOY	1038834956	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	83270876	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	105160506	NetAssetsOrFundBalancesEOY
Mission Description	WE PROVIDE SOLUTIONS FOR A BETTER LIFE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	ELEVATIONS SERVES BOULDER AND BROOMFIELD COUNTIES, THE CITY LOVELAND AND THESE US CENSUS TRACTS IN CITY OF WESTMINISTER 1. 8001008528, 2. 8001009325, 3. 8001009408, 4. 8001009409, 5. 8059009826, 6. 8059009825 AND OFFERS A FULL ARRAY OF PRODUCTS AND SERVICES INCLUDING DEPOSITORY AND LOAN PRODUCTS, ATM/DEBIT PROGRAM, FINANCIAL EDUCATION, INSURANCE AND INVESTMENT SALES. WE ENDED THE YEAR WITH 95,167 MEMBERS AND 104,868 SHARE ACCOUNTS. THERE WERE 7,829 LOANS GRANTED TOTALING 336,938,534. ELEVATIONS CURRENTLY OFFERS ELEVEN BRANCH LOCATIONS AND A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, CREDIT UNION SERVICE NETWORK AND ONLINE BANKING OFFERINGS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	21435	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	366	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	STEVEN SCHMIDLE	NamePerson
Telephone Number	3034434672	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9004	AddressLine1
City	BOULDER	City
State	CO	State
ZIP Code	803019004	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Highest Compensated EmployeeHighestCompensatedEmployee
GERRY AGNES
CEO	040.00	X	479956	0	273200
MICHAEL CALCOTE
CFO	040.00	X	270028	0	72780
JAY CHAMPION
CLO	040.00		239709	0	50850	X
CARROLL BEACH
BOARD OF DIRECTORS-CHAIR	004.00		0	0	0		X
KATIE LARSON
BOARD OF DIRECTORS-VICE CHAIR	003.00		0	0	0		X
JIM MENGHI
BOARD OF DIRECTORS-SECRETARY/TREASURER	003.00		0	0	0		X
JO HETHERINGTON
BOARD OF DIRECTORS	003.00		0	0	0		X
ERIC JONES
BOARD OF DIRECTORS	003.00		0	0	0		X
VINCE WAYLAND
BOARD OF DIRECTORS	003.00		0	0	0		X
CAROL KRISMANN
BOARD OF DIRECTORS	003.00		0	0	0		X
NANCY HERBERT
BOARD OF DIRECTORS	003.00		0	0	0		X
DON CHEYNE
BOARD OF DIRECTORS	003.00		0	0	0		X
MARY ANN KAMMERER
CSSO	040.00		222016	0	22104			X
ANNETTE MATTHIES
CHRO	040.00		214571	0	44142			X
MATT HENRY
CIAO	040.00		214415	0	40894			X
CAROL WARD
SVP CORPORATE RISK	040.00		197501	0	11002			X
MICHAEL ROTH
MORTGAGE ORIGINATOR	040.00		195737	0	16596			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2033933	TotalReportableCompFromOrg
Total Other Compensation	531568	TotalOtherCompensation
Number Individuals GT100 K	26	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
CIGNA HEALTHCARE
11095 VIKING DRIVE	EDEN PRAIRIE	MN	55344	HEALTH BENEFITS FOR EMPLOYEES	1772403
FISERV
PO BOX 100893	ATLANTA	GA	30384	CORE SYSTEM	525563
JACK HENRY & ASSOCIATES
PO BOX 503328	ST LOUIS	MO	63150	CORE SYSTEM	2055524
SETTLEMENT ONE
2605 CAMINO DEL RIO S 4TH FLOOR	SAN DIEGO	CA	92108	APPRAISALS/CREDIT REPORT	483235
OUTPUT SERVICES
6410 ODELL PLACE	BOULDER	CO	80301	STATEMENT MAILING	603981

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	30	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS TO MEMBERS	522100	33562574	33562574
FEES AND SERVICE CHARGES	522100	3386822	3386822
INTERCHANGE INCOME	522100	8193887	8193887
UNRELATED BUSINESS INCOME	900099	363440		363440

Field	Value	IRS element (for citing)
Total Program Service Revenue	45506723	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	5453479	TotalRevenueColumn
Related Or Exempt Function Income	5453479	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	167380258	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	164513608	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	2866650	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	2866650	TotalRevenueColumn
Related Or Exempt Function Income	2866650	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Business Code	522100	BusinessCode
Total Revenue Column	2760322	TotalRevenueColumn
Related Or Exempt Function Income	2760322	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	2760322	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	56587174	TotalRevenueColumn
Related Or Exempt Function Income	56223734	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	363440	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1044731	Total
Program Services	1044731	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	16025619	Total
Program Services	16025619	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	457737	Total
Program Services	457737	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2070416	Total
Program Services	2070416	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1323863	Total
Program Services	1323863	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	108590	Total
Program Services	108590	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	266545	Total
Program Services	266545	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	767145	Total
Program Services	767145	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1775075	Total
Program Services	1775075	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	7292915	Total
Program Services	7292915	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2265260	Total
Program Services	2265260	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	400352	Total
Program Services	400352	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	653278	Total
Program Services	653278	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	4505538	Total
Program Services	4505538	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1488000	Total
Program Services	1488000	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	227880	Total
Program Services	227880	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
PROVISION FOR LOAN LOSSES	946445	946445
LOAN SERVICING EXPENSE	3118876	3118876
NCUSIF EXPENSE	2076225	2076225
MISCELLANEOUS	836044	836044

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	47650534	Total
Program Services	47650534	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	5871044	BOY
EOY	8974506	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	112187144	BOY
EOY	91042001	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	5286886	BOY
EOY	7229988	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	607209667	BOY
EOY	677998195	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	663945	BOY
EOY	1193916	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	41726048	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	18459964	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	18766933	BOY
EOY	23266084	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	198621034	BOY
EOY	295460088	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	904000	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	325962	BOY
EOY	5714962	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	21708498	BOY
EOY	32211722	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	970641113	BOY
EOY	1143995462	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	12538016	BOY
EOY	18733408	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	4581687	BOY
EOY	5542796	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	870250534	BOY
EOY	1014558752	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	887370237	BOY
EOY	1038834956	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	83270876	BOY
EOY	105160506	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	83270876	BOY
EOY	105160506	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	970641113	BOY
EOY	1143995462	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	8936640	ReconcilationRevenueExpenses
Reconcilation Other Changes	12952990	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4576352	OtherCostOrOtherBasis
Book Value	4576352	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	15897234	OtherCostOrOtherBasis
Depreciation	4133948	Depreciation
Book Value	11763286	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3336996	OtherCostOrOtherBasis
Depreciation	1820795	Depreciation
Book Value	1516201	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	17915466	OtherCostOrOtherBasis
Depreciation	12505221	Depreciation
Book Value	5410245	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	23266084	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (6 entries)

DescriptionDescription	AmountAmount
REGULAR SHARES	$214,713,291
SHARE DRAFT ACCOUNTS	$258,424,857
MONEY MARKET ACCOUNTS	$332,013,405
CERTIFICATES	$201,550,188
IRA CERTIFICATES	$7,857,011
IRA

Field	Value	IRS element (for citing)
Total Of Amounts	1014558752	TotalOfAmounts
Total Revenue	56587174	TotalRevenue
Total Expenses	47650534	TotalExpenses
Excess Or Deficit For Year	8936640	ExcessOrDeficitForYear
Net Unrealized GL On Investments	2937495	NetUnrealizedGLOnInvestments
Other	$10,015,495	OtherAmount
Total Adjustments	12952990	TotalAdjustments
Excess Or Deficit Per FS	21889630	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	56587174	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	56587174	RevenueSubtotal
Total Revenue Per Form990	56587174	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	47650534	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	47650534	ExpensesSubtotal
Total Expenses Per Form990	47650534	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
X	2	FASB ASC 740-10-25 CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND
X	2 continued...	ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS.
X	2 continued...	THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.
XI	8	RECLASSIFICATION ADJUSTMENT OF OTHER THAN TEMPORARY INVESTMENT LOSSES INCLUDED IN NET INCOME IN THE AMOUNT OF 265,328 PLUS EQUITY ACQUIRED THROUGH BUSINESS COMBINATION IN THE AMOUNT OF 9,750,167.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	ELEVATIONS FOUNDATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9004	AddressLine1
City	BOULDER	City
State	CO	State
ZIP Code	80301	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	273484142	EINOfRecipient
IRC Section	501c3	IRCSection
Amount Of Cash Grant	102500	AmountOfCashGrant
Purpose Of Grant	support scholarships, housing and environmental initiatives	PurposeOfGrant

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	I	Identifier
Return Reference	2	ReturnReference
Explanation	THE CREDIT UNION RECEIVES AN ANNUAL REPORT FROM THE FOUNDATION INDICATING WHERE THE FUNDS HAVE BEEN DISTRIBUTED.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Independent Consultant	X	IndependentConsultant
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg
GERRY AGNES
385180	94776	259800	13400	753156
MICHAEL CALCOTE
210952	59076	60967	11813	342808
JAY CHAMPION
183671	26038	40625	10225	290559	30000
MARY ANN KAMMERER
158284	63732	9097	13007	244120
ANNETTE MATTHIES
168006	46565	35908	8234	258713
MATT HENRY
169908	44507	31324	9570	255309
CAROL WARD
154800	42701		11002	208503
MICHAEL ROTH
14643	3591	4325	12271	212333	177503

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	I	Identifier
Return Reference	4B	ReturnReference
Explanation	PARTICIPANTS IN THE 457f PLAN GERRY AGNES ACCRUED BENEFIT OF 833,333 AS OF 12/31/2011, MICHAEL CALCOTE ACCRUED BENEFIT OF 54,167 AS OF 12/31/2011, ANNETTE MATTHIES ACCRUED BENEFIT OF 27,083 AS OF 12/31/2011, JAMES CHAMPION ACCRUED BENEFIT OF 40,625 AS OF 12/31/2011, AND MATTHEW HENRY ACCRUED BENEFIT OF 22,569 AS OF 12/31/2011	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990 Part VI	6	THE CREDIT UNION HAS MEMBERS.
Form 990 Part VI	7A	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
Form 990 Part VI	7B	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
Form 990 Part VI	11B	THE ACCOUNTING MANAGER AND VP OF FINANCE PROVIDE NECESSARY RESEARCH AND DATA TO THE PREPARERS OF THE FORM 990. THE VP OF FINANCE AND THE CFO REVIEW THE FORM 990 THE BOARD OR DIRECTORS ARE ALSO PROVIDED WITH A COPY OF THE FORM 990.
Form 990 Part VI	12C	IT IS REQUIRED THAT ALL EMPLOYEES FILL OUT A CONFLICT OF INTEREST AGREEMENT ANNUALLY.
Form 990 Part VI	15B	HUMAN RESOURCES CONDUCTS A COMPREHENSIVE COMPENSATION MARKET ANALYSIS USING THREE DIFFERENT RESOURCES.
Form 990 Part VI	19	FILING OF 5300 CALL REPORT TO NCUA IS PUBLIC AND THE ANNUAL REPORT IS AVAILABLE FOR VIEWING ON OUR WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT PUBLIC.
Form 990 Part XI	5	UNREALIZED GAIN ON AVAILABLE FOR SALE INVESTMENTS IN THE AMOUNT OF 2,937,495 PLUS RECLASSIFICATION ADJUSTMENT OF OTHER THAN TEMPORARY INVESTMENT LOSSES INCLUDED IN NET INCOME IN THE AMOUNT OF 265,328 PLUS EQUITY ACQUIRED THROUGH BUSINESS COMBINATION IN THE AMOUNT OF 9,750,167.
		Form 990 Part VI Section A Line 6 THE CREDIT UNION HAS MEMBERS. Form 990 Part VI Section A Line 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. Form 990 Part VI Section A Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. Form 990 Part VI Section B Line 11B THE ACCOUNTING MANAGER AND VP OF FINANCE PROVIDE NECESSARY RESEARCH AND DATA TO THE PREPARERS OF THE FORM 990. THE VP OF FINANCE AND THE CFO REVIEW THE FORM 990 THE BOARD OR DIRECTORS ARE ALSO PROVIDED WITH A COPY OF THE FORM 990. Form 990 Part VI Section B Line 12C IT IS REQUIRED THAT ALL EMPLOYEES FILL OUT A CONFLICT OF INTEREST AGREEMENT ANNUALLY. Form 990 Part VI Section B Line 15B HUMAN RESOURCES CONDUCTS A COMPREHENSIVE COMPENSATION MARKET ANALYSIS USING THREE DIFFERENT RESOURCES. Form 990 Part VI Section C Line 19 FILING OF 5300 CALL REPORT TO NCUA IS PUBLIC AND THE ANNUAL REPORT IS AVAILABLE FOR VIEWING ON OUR WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT PUBLIC. Form 990 Part XI Line 5 UNREALIZED GAIN ON AVAILABLE FOR SALE INVESTMENTS IN THE AMOUNT OF 2,937,495 PLUS RECLASSIFICATION ADJUSTMENT OF OTHER THAN TEMPORARY INVESTMENT LOSSES INCLUDED IN NET INCOME IN THE AMOUNT OF 265,328 PLUS EQUITY ACQUIRED THROUGH BUSINESS COMBINATION IN THE AMOUNT OF 9,750,167.