CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-0500890)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-11
- IRS object ID
- 202043169349305669
- Schema version
- 2019v5.1
- 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 | 2020-11-11T16:44:24-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 EAST THOMAS ROAD SUITE 2300 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85012 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840500890 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PREMIER MEMBERS CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PREM | BusinessNameControlTxt |
| Phone | 3036577592 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5505 ARAPAHOE AVENUE | AddressLine1Txt |
| City | BOULDER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80303 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLOS PACHECO | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 3036577592 | PhoneNum |
| Signature | 2020-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY C GREEN | PreparerPersonNm |
| PTIN | P00447183 | PTIN |
| Phone | 6022662248 | PhoneNum |
| Preparation | 2020-11-11 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-11 | IPDt |
| IP Tm | 10:00:18 | IPTm |
| IP Timezone | MS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 94307BE716D664C10DC46CE445DCF2BF31E531AB | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B3FE2AC44A9104C09797594EEDA9FB00E2903852 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CARLOS PACHECO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5505 ARAPAHOE AVENUE | AddressLine1Txt |
| City | BOULDER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80303 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $60,832,236 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PMCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1950 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 338 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $52,674 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $8,322 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $51,328,548 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $54,013,550 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,156,667 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,180,573 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,294,785 | PYOtherRevenueAmt |
| CY Other Revenue | $1,597,890 | CYOtherRevenueAmt |
| PY Total Revenue | $56,780,000 | PYTotalRevenueAmt |
| CY Total Revenue | $60,792,013 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $6,798,833 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $9,209,174 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,800,078 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,159,131 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,419,944 | PYOtherExpensesAmt |
| CY Other Expenses | $20,575,048 | CYOtherExpensesAmt |
| PY Total Expenses | $45,018,855 | PYTotalExpensesAmt |
| CY Total Expenses | $50,943,353 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,761,145 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,848,660 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,134,091,474 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,241,180,693 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,004,796,579 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,099,294,078 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $129,294,895 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $141,886,615 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 72,000 MEMBERS SERVED. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 37333 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 338 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK WIETE | PersonNm |
| Phone | 3036577000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5505 ARAPAHOE AVENUE | AddressLine1Txt |
| City | BOULDER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80303 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| CARLOS PACHECO | |||||||
| CEO/PRESIDENT | 40.00 | Yes (X) | $999,408 | $0 | $259,686 | ||
| MARK WIETE | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $732,250 | $0 | $45,150 | ||
| BRIAN RESCH | |||||||
| CHIEF ADMINISTRATION OFFICER | 40.00 | Yes (X) | $248,113 | $0 | $43,434 | ||
| JEREMY MOYER | |||||||
| MORTGAGE LOAN SALES MANAGER | 40.00 | $255,492 | $0 | $27,858 | Yes (X) | ||
| LINDSAY SANDHAM | |||||||
| CHIEF LENDING OFFICER | 40.00 | Yes (X) | $227,699 | $0 | $33,425 | ||
| MATT RARDEN | |||||||
| CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $226,595 | $0 | $27,968 | ||
| MARK ROWAN | |||||||
| CHIEF INFORMATION OFFICER | 40.00 | Yes (X) | $199,654 | $0 | $31,133 | ||
| MIRYAM CASTRO | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $205,814 | $0 | $19,593 | Yes (X) | ||
| JASON BAUER | |||||||
| CHIEF MARKETING OFFICER | 40.00 | Yes (X) | $173,476 | $0 | $37,508 | ||
| CLAIRE LINDLEY | |||||||
| VP FINANCE | 40.00 | $160,606 | $0 | $22,533 | Yes (X) | ||
| RYAN CYNOSKI | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $156,997 | $0 | $13,679 | Yes (X) | ||
| MICHAEL CLARK | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $151,928 | $0 | $16,327 | Yes (X) | ||
| MARK GISI | |||||||
| CHAIR PERSON | 2.00 | Yes (X) | $18,750 | $0 | $0 | Yes (X) | |
| LYNEL VALLIER | |||||||
| VICE CHAIRPERSON | 2.00 | Yes (X) | $18,375 | $0 | $0 | Yes (X) | |
| HARVEY A KAMIONKA | |||||||
| TREASURER | 2.00 | Yes (X) | $18,000 | $0 | $0 | Yes (X) | |
| JIM CLEMMER | |||||||
| CO-TREASURER | 2.00 | Yes (X) | $18,000 | $0 | $0 | Yes (X) | |
| MICHAEL MEYERS | |||||||
| SECRETARY | 2.00 | Yes (X) | $18,000 | $0 | $0 | Yes (X) | |
| KEN BLACK | |||||||
| CO-SECRETARY | 2.00 | Yes (X) | $18,000 | $0 | $0 | Yes (X) | |
| JIM ELLIS | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| BRIAN GISI | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| ELAINE HUTCHINGS | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| PETER JANSKY | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| HARVEY E KAMIONKA | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| WAYNE TURNACLIFF | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| JOANNE TILLEY | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| JANET BEAVER | |||||||
| DIRECTOR | 2.00 | $18,000 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,991,157 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $578,294 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 26 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE NEENAN COMPANY | |||||
| 3225 S TIMBERLINE STE 100 | FORT COLLINS | CO | 80525 | BRANCH CONSTRUCTION | $1,864,697 |
| EXPLORE COMMUNICATIONS | |||||
| 3213 ZUNI ST | DENVER | CO | 80211 | MARKETING | $1,253,660 |
| JACK HENRY & ASSOCIATES | |||||
| PO BOX 609 | MONETT | CO | 65708 | TECHNOLOGY | $883,090 |
| FISERV | |||||
| PO BOX 208457 | DALLAS | TX | 753208457 | TECHNOLOGY | $734,447 |
| VISA USA INC | |||||
| PO BOX 742233 | LOS ANGELES | CA | 900742233 | FINANCIAL SERVICES | $693,388 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 31 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS FROM MEMBERS | 522100 | $43,125,695 | $43,125,695 | |
| FEES AND CHARGES | 522100 | $4,512,938 | $4,460,264 | $52,674 |
| INTERCHANGE INCOME | 522100 | $4,034,322 | $4,034,322 | |
| SERVICING FEES | 522100 | $2,340,595 | $2,340,595 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $54,013,550 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,200,373 | TotalRevenueColumnAmt |
| Exclusion | $4,200,373 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $384,366 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $40,223 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $344,143 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $344,143 | TotalRevenueColumnAmt |
| Exclusion | $344,143 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $980,200 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $980,200 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $980,200 | TotalRevenueColumnAmt |
| Exclusion | $980,200 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| CUOLI GAIN | 522100 | $510,119 | $510,119 |
| CUNA INCOME | 522100 | $108,004 | $108,004 |
| CUSO INCOME | 900099 | $71,115 | $71,115 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $564,509 | TotalRevenueColumnAmt |
| Exclusion | $564,509 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,253,747 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $60,792,013 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,960,876 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $52,674 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,778,463 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,209,174 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,326,927 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,558,368 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $674,495 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,292,815 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,306,526 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,758 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,470 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $295,667 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,586,052 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,488,272 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,177,109 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,475 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,311 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,719,292 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,035 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $3,455,237 |
| LOAN AND DEPOSIT SERVIC | $1,370,089 |
| ONLINE BANKING EXPENSES | $826,364 |
| CREDIT AND DEBIT CARD E | $779,675 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,849,242 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,943,353 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,831,666 | BOYAmt |
| EOY | $4,359,899 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,093,185 | BOYAmt |
| EOY | $122,027,013 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,124,506 | BOYAmt |
| EOY | $5,654,167 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $898,202,290 | BOYAmt |
| EOY | $908,273,547 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,476 | BOYAmt |
| EOY | $827,659 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $41,593,066 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,925,788 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,025,456 | BOYAmt |
| EOY | $31,667,278 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,156,331 | BOYAmt |
| EOY | $106,070,987 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,049,897 | BOYAmt |
| EOY | $6,530,885 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,835,513 | BOYAmt |
| EOY | $5,756,221 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,072,154 | BOYAmt |
| EOY | $50,013,037 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,134,091,474 | BOYAmt |
| EOY | $1,241,180,693 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,839,790 | BOYAmt |
| EOY | $16,629,673 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $30,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $989,956,789 | BOYAmt |
| EOY | $1,052,664,405 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,004,796,579 | BOYAmt |
| EOY | $1,099,294,078 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,294,895 | BOYAmt |
| EOY | $141,886,615 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,294,895 | BOYAmt |
| EOY | $141,886,615 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,134,091,474 | BOYAmt |
| EOY | $1,241,180,693 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $9,848,660 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,142,642 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $600,418 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,175,188 | OtherCostOrOtherBasisAmt |
| Book Value | $9,175,188 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,928,186 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,060,238 | DepreciationAmt |
| Book Value | $19,867,948 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,093,163 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,865,550 | DepreciationAmt |
| Book Value | $2,227,613 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $396,529 | OtherCostOrOtherBasisAmt |
| Book Value | $396,529 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $31,667,278 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARE AND SAVINGS ACCOUNT | Desc |
| Amt | $1,052,664,405 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,052,664,405 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2019 AND 2018. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CARLOS PACHECO | ||||||||||||||
| CEO/PRESIDENT | $499,408 | $0 | $0 | $0 | $500,000 | $0 | $224,196 | $0 | $35,490 | $0 | $1,259,094 | $0 | $500,000 | $0 |
| MARK WIETE | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $257,840 | $0 | $44,801 | $0 | $429,609 | $0 | $11,446 | $0 | $33,704 | $0 | $777,400 | $0 | $0 | $0 |
| BRIAN RESCH | ||||||||||||||
| CHIEF ADMINISTRATION OFFICER | $210,429 | $0 | $37,684 | $0 | $0 | $0 | $10,588 | $0 | $32,846 | $0 | $291,547 | $0 | $0 | $0 |
| JEREMY MOYER | ||||||||||||||
| MORTGAGE LOAN SALES MANAGER | $71,606 | $0 | $183,886 | $0 | $0 | $0 | $10,048 | $0 | $17,810 | $0 | $283,350 | $0 | $0 | $0 |
| LINDSAY SANDHAM | ||||||||||||||
| CHIEF LENDING OFFICER | $193,297 | $0 | $34,402 | $0 | $0 | $0 | $8,403 | $0 | $25,022 | $0 | $261,124 | $0 | $0 | $0 |
| MATT RARDEN | ||||||||||||||
| CHIEF OPERATING OFFICER | $192,181 | $0 | $34,414 | $0 | $0 | $0 | $9,516 | $0 | $18,452 | $0 | $254,563 | $0 | $0 | $0 |
| MARK ROWAN | ||||||||||||||
| CHIEF INFORMATION OFFICER | $168,335 | $0 | $31,319 | $0 | $0 | $0 | $8,537 | $0 | $22,596 | $0 | $230,787 | $0 | $0 | $0 |
| MIRYAM CASTRO | ||||||||||||||
| MORTGAGE LOAN OFFICER | $43,038 | $0 | $162,776 | $0 | $0 | $0 | $5,305 | $0 | $14,288 | $0 | $225,407 | $0 | $0 | $0 |
| JASON BAUER | ||||||||||||||
| CHIEF MARKETING OFFICER | $146,021 | $0 | $27,455 | $0 | $0 | $0 | $7,259 | $0 | $30,249 | $0 | $210,984 | $0 | $0 | $0 |
| CLAIRE LINDLEY | ||||||||||||||
| VP FINANCE | $144,272 | $0 | $16,334 | $0 | $0 | $0 | $7,198 | $0 | $15,335 | $0 | $183,139 | $0 | $0 | $0 |
| RYAN CYNOSKI | ||||||||||||||
| MORTGAGE LOAN OFFICER | $15,985 | $0 | $141,012 | $0 | $0 | $0 | $0 | $0 | $13,679 | $0 | $170,676 | $0 | $0 | $0 |
| MICHAEL CLARK | ||||||||||||||
| MORTGAGE LOAN OFFICER | $31,336 | $0 | $120,592 | $0 | $0 | $0 | $7,576 | $0 | $8,751 | $0 | $168,255 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE CREDIT UNION WILL PAY FOR COMPANION TRAVEL FOR MEMBERS OF MANAGEMENT. THE COMPENSATION IS INCLUDED IN THE EMPLOYEE'S W-2. |
| PART I, LINE 4B | THE CREDIT UNION HAS A 457 F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CARLOS PACHECO. UNDER THE TERMS OF THE PLANS, THE PARTICIPANT IS ENTITLED TO THE EARNINGS AND APPRECIATION ON THE DEFERRED COMPENSATION PLAN INVESTMENTS. THERE WAS A CONTRIBUTION OF $211,696 TO THE 457F PLAN AND A DISTRIBUTION OF $500,000 TO CARLOS PACHECO IN 2019. SPLIT DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS MADE NON-RECOURSE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO A MEMBER OF MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE CASH SURRENDER VALUE OF THE RESPECTIVE LIFE INSURANCE POLICIES. THE POLICIES ARE OWNED BY THE EXECUTIVE AND THEY HAVE SOLE CONTROL OVER THE LISTED BENEFICIARIES. AT THE TIME OF RETIREMENT, THE LOAN BECOMES DUE AND PAYABLE AND CAN BE PAID WITH THE CASH VALUE OF THE LIFE INSURANCE POLICIES, OR WITH OTHER PERSONAL FUNDS AT THE EXECUTIVE'S DISCRETION. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (17 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| BRIAN RESCH | |||||||
| CAO | HELOC | Yes (X) | $200,000 | $193,217 | 0 | 0 | Yes (1) |
| BRIAN RESCH | |||||||
| CAO | FIRST MORTGAGE | Yes (X) | $308,000 | $185,493 | 0 | 0 | Yes (1) |
| CARLOS PACHECO | |||||||
| CEO | FIRST MORTGAGE | Yes (X) | $608,000 | $476,744 | 0 | Yes (1) | Yes (1) |
| JASON BAUER | |||||||
| CMO | FIRST MORTGAGE | Yes (X) | $441,000 | $433,762 | 0 | 0 | Yes (1) |
| LINDSAY SANDHAM | |||||||
| CLO | NEW AUTO | Yes (X) | $31,174 | $14,766 | 0 | 0 | Yes (1) |
| LINDSAY SANDHAM | |||||||
| CLO | FIRST MORTGAGE | Yes (X) | $280,000 | $260,066 | 0 | 0 | Yes (1) |
| LINDSAY SANDHAM | |||||||
| CLO | FIRST MORTGAGE | Yes (X) | $225,001 | $176,163 | 0 | 0 | Yes (1) |
| LINDSAY SANDHAM | |||||||
| CLO | USED AUTO | Yes (X) | $22,250 | $6,872 | 0 | 0 | Yes (1) |
| MARK WIETE | |||||||
| CFO | HELOC | Yes (X) | $95,000 | $93,450 | 0 | 0 | Yes (1) |
| MARK WIETE | |||||||
| CFO | USED AUTO | Yes (X) | $42,092 | $20,020 | 0 | 0 | Yes (1) |
| MARK WIETE | |||||||
| CFO | CREDIT CARD | Yes (X) | $20,000 | $17,583 | 0 | 0 | Yes (1) |
| MARK WIETE | |||||||
| CFO | FIRST MORTGAGE | Yes (X) | $400,000 | $376,862 | 0 | 0 | Yes (1) |
| MATT RARDEN | |||||||
| COO | FIRST MORTGAGE | Yes (X) | $440,000 | $435,690 | 0 | 0 | Yes (1) |
| MATT RARDEN | |||||||
| COO | CREDIT CARD | Yes (X) | $25,000 | $15,181 | 0 | 0 | Yes (1) |
| MATT RARDEN | |||||||
| COO | USED AUTO | Yes (X) | $36,000 | $11,998 | 0 | 0 | Yes (1) |
| MATT RARDEN | |||||||
| COO | HELOC | Yes (X) | $200,000 | $113,500 | 0 | 0 | Yes (1) |
| RICK ALLEN | |||||||
| FORMER PRESIDENT | SPLIT DOLLAR LIFE INSURANCE | Yes (X) | $2,822,800 | $2,822,800 | 0 | 0 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $5,654,167 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MARK GISI, CHAIR PERSON OF THE BOARD OF DIRECTORS, AND BRIAN GISI, BOARD OF DIRECTOR-MEMBER, HAVE A FAMILY RELATIONSHIP. HARVEY A. KAMIONKA, TREASURER OF THE BOARD OF DIRECTORS, AND HARVEY E. KAMIONKA, BOARD OF DIRECTOR-MEMBER, ALSO HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE AMENDED DURING CALENDAR 2019 TO INCLUDE FIELD OF MEMBERSHIPS WITHIN COLORADO. |
| FORM 990, PART VI, SECTION A, LINE 6 | PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE OR WORK IN BOULDER, BROOMFIELD, LARIMER, WELD, JEFFERSON, ADAMS, DENVER, DOUGLAS, ARAPAHOE, EL PASO, PUEBLO, AND ELBERT COUNTIES IN COLORADO; THOSE WHO LIVE OR WORK IN THE TOWN OF ESTES PARK, THE TOWN OF GLEN HAVEN, OR THE TOWN OF DRAKE IN COLORADO; THOSE WHO ARE A MEMBER OF AN APPROVED EMPLOYEE, STUDENT, AND VOLUNTEER GROUPS; THOSE WHO CONTRIBUTE TO SELECT CHARITABLE ORGANIZATIONS; AND THOSE WHO ARE MEMBERS OF AN APPROVED COMMON BOND INTEREST GROUP. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, INDIVIDUALS THAT ARE RELATED BY BLOOD, MARRIAGE, OR ADOPTION TO AN ELIGIBLE PERSON ARE ALSO ELIGIBLE. |
| 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 A, LINE 8B | THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE COMPLETED FORM 990 IS REVIEWED BY THE CEO AND THE CHIEF FINANCIAL OFFICER PRIOR TO FILING. THE BOARD OF DIRECTORS RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT THE TIME OF HIRE AND AT LEAST ONCE EACH YEAR, ALL EMPLOYEES ARE ASKED TO COMPLETE A WRITTEN ACKNOWLEDGMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. CREDIT UNION VOLUNTEERS ARE SIMILARILY REQUESTED TO DISCLOSE ANY SUCH CONFLICTS OF INTEREST UPON TAKING OFFICE. THE BOARD OF DIRECTORS REVIEWS THE CODE OF CONDUCT POLICY ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | FOR THE CEO POSITION, THE BOARD CHAIRPERSON ANNUALLY CONDUCTS RESEARCH ON EXECUTIVE COMPENSATION, UTILIZING INDUSTRY DATA FROM ORGANIZATIONS SUCH AS CUES AND D. HILTON. THE BOARD APPROVES THE RECOMMENDED COMPENSATION STRUCTURE FOR THE CEO POSITION. FOR TOP MANAGEMENT COMPENSATION, THE CREDIT UNION UTILIZED BALANCEDCOMP AS AN INDEPENDENT COMPENSATION CONSULTANT, AND ALSO VALIDATES BALANCEDCOMP'S DATA AGAINST INDUSTRY SURVEYS SUCH AS CUES. THIS IS DOCUMENTED IN THE CEO'S PERSONNEL FILE. AS STATED ABOVE, FOR TOP MANAGEMENT COMPENSATION, THE CREDIT UNION UTILIZED BALANCEDCOMP AS AN INDEPENDENT COMPENSATION CONSULTANT, AND ALSO VALIDATES BALANCEDCOMP'S DATA AGAINST INDUSTRY SURVEYS SUCH AS CUES. THE TOP OFFICIALS OR ANYONE ELSE WHO REPORTS TO THE CEO HAS AN ANNUAL EVALATION PERFORMED BY THE CEO. THIS ALSO DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AND ARE ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV. |
| FORM 990, PART IX, LINE 24E | MISCELLANEOUS 762,574. COOP NETWORK FEES 739,495. SHARED BRANCHING EXPENSES 347,173. |
| FORM 990, PART XI, LINE 9: | DEFERRAL COMPENSATION CHANGE 600,418. |
| PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOOTHILLS FINANCIAL SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5505 ARAPAHOE AVENUE | AddressLine1Txt |
| City | BOULDER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80303 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840571011 | EIN |
| Primary Activities | INVESTMENT SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PREMIER MEMBERS CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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