CREDIT UNION OF COLORADO: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNION OF COLORADO (EIN 84-0174408)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201213199349305106
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T14:45:28-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | 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 | 840174408 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLORADO STATE EMPLOYEES CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COLO | NameControl |
| Phone | 3038324816 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 LOGAN STREET | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80203 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES W SMART | Name |
| Title | EXECUTIVE VICE PRESIDENT/CFO | Title |
| Phone | 3038324816 | Phone |
| Date Signed | 2012-11-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERALD B KISSELL | Name |
| PTIN | P00092658 | PTIN |
| Phone | 6123324300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNION OF COLORADO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TERRANCE LEIS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 LOGAN STREET | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 67180501 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CUOFCO.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | CO | StateLegalDomicile |
| Activity Or Mission Description | THE CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT FINANCIAL INSTITUTION WHICH EXISTS TO SERVE THE FINANCIAL NEEDS OF ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 295 | TotalNbrEmployees |
| Total Nbr Volunteers | 16 | TotalNbrVolunteers |
| Total Gross UBI | 280519 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 85116 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 44606482 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 42989994 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6433558 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5218447 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 777606 | OtherRevenuePriorYear |
| Other Revenue Current Year | 536635 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 51817646 | TotalRevenuePriorYear |
| Total Revenue Current Year | 48745076 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14898148 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16503512 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 35557526 | OtherExpensePriorYear |
| Other Expenses Current Year | 24094217 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 50455674 | TotalExpensesPriorYear |
| Total Expenses Current Year | 40597729 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1361972 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 8147347 | RevenuesLessExpensesCY |
| Total Assets BOY | 945533080 | TotalAssetsBOY |
| Total Assets EOY | 988349976 | TotalAssetsEOY |
| Total Liabilities BOY | 832549396 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 868159611 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 112983684 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 120190365 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT FINANCIAL INSTITUTION WHICH EXISTS TO SERVE THE FINANCIAL NEEDS OF ITS MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | AT YEAR-END 2011, COLORADO STATE EMPLOYEES CREDIT UNION SERVED 90,783 MEMBERS BY PROVIDING A FULL SPECTRUM OF FINANCIAL PRODUCTS AND SERVICES, RETURNING PROFIT TO ITS MEMBERS IN THE FORM OF LOWER LOAN RATES AND HIGHER SAVINGS RATES, LOW FEES AND INNOVATIVE PRODUCTS AND SERVICES. DEPOSIT PRODUCTS INCLUDE CHECKING, SAVINGS, MONEY MARKET, CERTIFICATE OF DEPOSIT, IRA, ESA, HOLIDAY AND YOUTH ACCOUNTS. LOAN PRODUCTS INCLUDE NEW AND USED VEHICLES, RECREATIONAL VEHICLES AND BOATS, FIRST AND SECOND MORTGAGES, RENTAL REAL ESTATE MORTGAGE, HOME EQUITY, NEW AND USED MOBILE HOMES, SHARE SAVINGS SECURED, CERTIFICATE OF DEPOSIT SECURED, CREDIT CARDS AND OVERDRAFT PROTECTION. IN 2011, LOAN VOLUME WAS 13,841 LOANS AMOUNTING TO $208,233,623. MEMBERS ARE SERVED BY STAFF AT FIFTEEN LOCATIONS IN COLORADO AND THROUGH ONLINE BANKING AND AN AUTOMATED TELEPHONE SYSTEM. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23109 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 295 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES SMART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3038121863 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 LOGAN STREET | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80203 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| WILL FLECKENSTEIN | ||||||||
| DIRECTOR/CHAIRPERSON | 2.00 | X | X | 0 | 0 | 0 | ||
| RUSS VANNOSTRAND | ||||||||
| DIRECTOR/VICE CHAIRPERSON | 2.00 | X | X | 0 | 0 | 0 | ||
| JOANN VONDRACEK | ||||||||
| DIRECTOR/SECRETARY/TREASURER | 2.00 | X | X | 0 | 0 | 0 | ||
| MARY ANN ADAMS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOANNE CHRISTENSEN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JAN COTTER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JIM DIXON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DANN MILNE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| WENDELL PRYOR | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOHN VAN SCIVER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LLOYD WICKE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOE MONTOYA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TERRANCE W LEIS | ||||||||
| PRESIDENT/CEO | 50.00 | X | 469518 | 0 | 165865 | |||
| PHILLIP J SMITH | ||||||||
| EXECUTIVE VP/COO | 50.00 | X | 177425 | 0 | 52103 | |||
| JAMES W SMART | ||||||||
| EXECUTIVE VP/CFO | 50.00 | X | 230037 | 0 | 183567 | |||
| ERNEST J ARTERBURN | ||||||||
| VICE PRESIDENT - INFORMATION TECHNOLOGY | 50.00 | 180565 | 0 | 120961 | X | |||
| CONNIE B MCCANN | ||||||||
| VICE PRESIDENT - COMPLIANCE & LENDING | 50.00 | 897908 | 0 | 44248 | X | |||
| KAMELA PANCROFT | ||||||||
| VICE PRESIDENT - HUMAN RESOURCES | 50.00 | 164121 | 0 | 65604 | X | |||
| DOUGLAS S SCHNEIDER | ||||||||
| VICE PRESIDENT - MARKETING | 50.00 | 185077 | 0 | 123342 | X | |||
| MARYSELA RUEDA | ||||||||
| INFORMATION TECHNOLOGY MANAGER | 50.00 | 112966 | 0 | 28117 | X | |||
| CHRISTA HART | ||||||||
| BRANCH MANAGER | 50.00 | 100631 | 0 | 35646 | X | |||
| JACQUELINE POE | ||||||||
| CARD SERVICES MANAGER | 50.00 | 100521 | 0 | 21953 | X | |||
| JOHN W GLOYD | ||||||||
| ACCOUNTING MANAGER | 50.00 | 115354 | 0 | 33590 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2734123 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 874996 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FIDELITY NATIONAL INFORMATION SERVICE | |||||
| 11601 N ROOSEVELT BLVD | ST PETERSBURG | FL | 33716 | DEBIT/CREDIT CARD PROCESSING | 1430832 |
| CUILA LLC DBA CUDC | |||||
| 6377 S REVERE PKWY 200 | CENTENNIAL | CO | 80111 | INDIRECT LENDING SERVICES | 855095 |
| ELAN FINANCIAL SERVICES | |||||
| 1255 CORPORATE DRIVE SUITE 600 | IRVING | TX | 75038 | ATM NETWORK PROVIDER | 495250 |
| DIEBOLD INC | |||||
| PO BOX 643543 | PITTSBURGH | PA | 15264 | ATM SERVICES | 350034 |
| DOVEMUEHLE MORTGAGE INC | |||||
| 1 CORPORATE DRIVE SUITE 360 | LAKE ZURICH | IL | 60047 | LOAN SERVICING | 298914 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 21 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON MEMBER LOA | 522100 | 29495828 | 29495828 |
| FEES - MEMBER SERVICES | 525990 | 6842935 | 6842935 |
| PLASTIC/ATM INCOME | 522200 | 5841595 | 5841595 |
| INSURANCE COMMISSIONS | 524298 | 809636 | 809636 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 42989994 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4935305 | TotalRevenueColumn |
| Exclusion | $4,935,305 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 44069 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 44069 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44069 | TotalRevenueColumn |
| Exclusion | $44,069 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 18718567 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 18435425 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 283142 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 283142 | TotalRevenueColumn |
| Exclusion | $283,142 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| INSURANCE COMMISSIONS | 524298 | 196686 | 196686 | |
| MEMBER FINANCIAL SERVI | 525990 | 92858 | 92858 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 203022 | TotalRevenueColumn |
| Related Or Exempt Function Income | 119189 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 83833 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 492566 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 48745076 | TotalRevenueColumn |
| Related Or Exempt Function Income | 43202041 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 280519 | UnrelatedBusinessRevenue |
| Exclusion | $5,262,516 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2335142 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10773319 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 770224 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1569304 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1055523 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67992 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72736 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34206 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 639777 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1230997 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2016267 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1208878 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2377379 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 297442 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122018 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5729250 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1556322 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2323844 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PLASTIC CARDS | 3306317 |
| PROVISION FOR LOAN LOSS | 1546073 |
| LOAN SERVICING | 819098 |
| OTHER EXPENSES | 555306 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190315 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40597729 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10123789 | BOY |
| EOY | 11044217 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 125037177 | BOY |
| EOY | 201928407 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6768539 | BOY |
| EOY | 8558050 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 515445334 | BOY |
| EOY | 527769219 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65254 | BOY |
| EOY | 1169099 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3001416 | BOY |
| EOY | 2617301 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 27005979 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17719665 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9139281 | BOY |
| EOY | 9286314 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135329389 | BOY |
| EOY | 178145935 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129134092 | BOY |
| EOY | 36570034 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11488809 | BOY |
| EOY | 11261400 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 945533080 | BOY |
| EOY | 988349976 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8717071 | BOY |
| EOY | 10664824 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1473640 | BOY |
| EOY | 1855891 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 822358685 | BOY |
| EOY | 855638896 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 832549396 | BOY |
| EOY | 868159611 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112983684 | BOY |
| EOY | 120190365 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112983684 | BOY |
| EOY | 120190365 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 945533080 | BOY |
| EOY | 988349976 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 8147347 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -940666 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3772979 | OtherCostOrOtherBasis |
| Book Value | 3772979 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5805327 | OtherCostOrOtherBasis |
| Depreciation | 3120629 | Depreciation |
| Book Value | 2684698 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1561300 | OtherCostOrOtherBasis |
| Depreciation | 1114102 | Depreciation |
| Book Value | 447198 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15866373 | OtherCostOrOtherBasis |
| Depreciation | 13484934 | Depreciation |
| Book Value | 2381439 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9286314 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBER SHARE ACCOUNTS | $192,504,251 |
| MEMBER CHECKING ACCOUNTS | $147,977,410 |
| MEMBER MONEY MARKET ACCOUNTS | $241,098,251 |
| MEMBER IRA ACCOUNTS | $64,216,255 |
| MEMBER CERTIFICATE ACCOUNTS | $209,842,729 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 855638896 | TotalOfAmounts |
| Total Revenue | 48745076 | TotalRevenue |
| Total Expenses | 40597729 | TotalExpenses |
| Excess Or Deficit For Year | 8147347 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -940666 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -940666 | TotalAdjustments |
| Excess Or Deficit Per FS | 7206681 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 48745076 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 48745076 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 48745076 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 40597729 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 40597729 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 40597729 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | AN ESCROW ACCOUNT IS MAINTAINED FOR THE TAXES AND INSURANCE PAYABLE ON REAL ESTATE SECURING THE CREDIT UNION'S MORTGAGE LOANS. CUSTODIAL ACCOUNTS ARE MAINTAINED FOR PRINCIPAL AND INTEREST PAYABLE TO FANNIE MAE FOR LOANS SOLD TO FANNIE MAE FOR WHICH THE CREDIT UNION RETAINS SERVICING. CUSTODIAL ACCOUNTS ALSO ARE MAINTAINED IN BEHALF OF FANNIE MAE FOR THE TAXES AND INSURANCE PAYABLE ON THE REAL ESTATE SECURING THE LOANS SOLD TO FANNIE MAE. | |
| PART X: | MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND 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. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TERRANCE W LEIS | |||||||||||||
| 422870 | 0 | 46200 | 0 | 448 | 0 | 149000 | 0 | 16865 | 0 | 635383 | 0 | 0 | 0 |
| PHILLIP J SMITH | |||||||||||||
| 177170 | 0 | 0 | 0 | 255 | 0 | 32761 | 0 | 19342 | 0 | 229528 | 0 | 0 | 0 |
| JAMES W SMART | |||||||||||||
| 214564 | 0 | 15042 | 0 | 431 | 0 | 159976 | 0 | 23591 | 0 | 413604 | 0 | 0 | 0 |
| ERNEST J ARTERBURN | |||||||||||||
| 167825 | 0 | 12491 | 0 | 249 | 0 | 97297 | 0 | 23664 | 0 | 301526 | 0 | 0 | 0 |
| CONNIE B MCCANN | |||||||||||||
| 160103 | 0 | 11695 | 0 | 726110 | 0 | 33691 | 0 | 10557 | 0 | 942156 | 0 | 725199 | 0 |
| KAMELA PANCROFT | |||||||||||||
| 152953 | 0 | 10971 | 0 | 197 | 0 | 49680 | 0 | 15924 | 0 | 229725 | 0 | 0 | 0 |
| DOUGLAS S SCHNEIDER | |||||||||||||
| 171869 | 0 | 12491 | 0 | 717 | 0 | 103130 | 0 | 20212 | 0 | 308419 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | MEALS ARE PROVIDED FOR SPOUSES ACCOMPANYING THE VOLUNTEERS TO BUSINESS PLANNING OR EDUCATIONAL SESSIONS. |
| PART I, LINE 4B | CONNIE MCCANN RECEIVED A PAYMENT OF $725,199 FROM THE EXECUTIVE RETIREMENT PLAN. JAMES SMART, DOUGLAS SCHNEIDER, ERNEST ARTERBURN, KAMELA PANCROFT AND PHIL SMITH ARE PARTICIPANTS IN A 457(F) PLAN. THE ECONOMIC BENEFIT OF THE EXECUTIVE RETIREMENT PLAN CONTRIBUTIONS ARE INCLUDED IN COLUMN C, DEFERRED COMPENSATION, OF SCHEDULE J, PART II FOR THE FOLLOWING INDIVIDUALS: JAMES SMART $116,991 DOUGLAS SCHNEIDER 68,370 ERNEST ARTERBURN 62,089 KAMELA PANCROFT 36,775 PHILLIP SMITH 25,636 A CONTRIBUTION OF $100,000 WAS MADE TO A SEPARATE 457(F) PLAN FOR TERRANCE LEIS AND IS INCLUDED IN COLUMN C, DEFERRED COMPENSATION, OF SCHEDULE J, PART II. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE DIVIDENDS BASED ON THEIR SHARE DEPOSITS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | ANNUALLY, THE MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S 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 11 | THE INITIAL DRAFT OF FORM 990 IS PREPARED BY STAFF OF THE ACCOUNTING DEPARTMENT UNDER THE DIRECTION OF THE ACCOUNTING MANAGER. FORM 990 IS THEN REVIEWED BY THE EXECUTIVE VICE PRESIDENT/CFO AND THE PRESIDENT/CEO. THE DRAFT IS THEN FORWARDED TO MCGLADREY, LLP. MCGLADREY REVIEWS THE DRAFT VERSION AND RECOMMENDS ANY CHANGES. MCGLADREY THEN PREPARES A FINAL VERSION OF FORM 990 FOR AN ADDITIONAL REVIEW BY THE ACCOUNTING MANAGER, THE EVP/CFO AND THE PRESIDENT/CEO. THE BOARD OF DIRECTORS IS MADE AWARE THAT FORM 990 HAS BEEN FILED AND HOW IT MAY BE VIEWED ON-LINE. ANY DIRECTOR REQUESTING A WRITTEN COPY IS PROVIDED WITH SUCH. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED ANNUALLY TO SIGN A COMMITMENT TO A CODE OF ETHICS. AS PART OF THE CODE OF ETHICS, THE DIRECTOR AGREES TO DISCLOSE TO THE CHAIRMAN AND THE PRESIDENT ANY POTENTIAL CONFLICTS OF INTEREST. THE DIRECTOR ALSO AGREES TO TAKE A NEUTRAL STANCE AND NOT TAKE ANY ACTION TOWARD APPROVAL OR DISAPPROVAL ON ANY ISSUE THAT MAY INVOLVE A POTENTIAL CONFLICT. ALL EMPLOYEES ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY ACKNOWLEDGING THAT THE CREDIT UNION PROHIBITS EMPLOYEES FROM ENGAGING IN ANY ACTIVITY, PRACTICE OR ACT WHICH CONFLICTS WITH, OR APPEARS TO CONFLICT WITH, THE INTEREST OF THE CREDIT UNION, ITS MEMBERS OR SUPPLIERS. THE EMPLOYEE ACKNOWLEDGES THAT ANY VIOLATION OF THIS POLICY MAY BE CONSIDERED GROUNDS FOR DISCHARGE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | SALARY RANGES FOR OFFICERS AND KEY EMPLOYEES ARE SET IN ACCORDANCE WITH SALARY SURVEY DATA FROM THE CREDIT UNION EXECUTIVE SOCIETY SALARY SURVEY, THE MOUNTAIN STATES EMPLOYERS COUNCIL COLORADO FINANCIAL INDUSTRY SURVEY OR OTHER APPROPRIATE SURVEY DATA AS DETERMINED BY MANAGEMENT. THE SALARY ADMINISTRATION PROGRAM AND THE RANGES ARE APPROVED BY THE VOLUNTEER BOARD OF DIRECTORS. INDIVIDUAL SALARIES ARE SET WITHIN THESE RANGES BASED ON EXPERIENCE AND PERFORMANCE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. MONTHLY STATEMENTS OF FINANCIAL POSITION ARE POSTED IN THE LOBBIES OF ALL BRANCHES. ANNUAL FINANCIAL STATEMENTS ARE PROVIDED AT THE ANNUAL MEETING OR UPON REQUEST. REGULATORY FINANCIAL REPORTS ARE AVAILABLE ON LINE AT NCUA.GOV. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -940,666. | CHANGES IN NET ASSETS OR FUND BALANCES: |