2020-11-13T16:58:01-06:00 2019-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2019-01-01 840160254 POWER CREDIT UNION POWE 7195640710 1615 E EVANS AVENUE PUEBLO CO 81004 VANESSA TREXEL CEO 7195640710 2020-11-13 1 NAZANIN BENYAMINI P00666808 3104773924 2020-11-11 206.169.119.90 2020-11-13 10:06:24 PS P E28F0A888E4EF0D49CEF6A467A62D2B71320B545 16ED3F3F3B4AF761BB3693CCB9E25F930384CA5D 2019 2022-01-07 14:23:13Z VANESSA TREXEL 1615 E EVANS AVE PUEBLO CO 81004 5365284 0 X WWW.POWERCU.ORG X 1938 CO TO PROMOTE THRIFT AND LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 6 6 54 11 2154 -1035 0 0 4632640 4815314 441938 547816 6094 2154 5080672 5365284 0 0 0 0 1787211 1881738 0 0 0 2786137 2883789 4573348 4765527 507324 599757 90609467 97505609 79268392 85438195 11341075 12067414 TO PROMOTE THRIFT AND LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 12,000 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1782 0 1 54 0 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X DAVID PURFIELD 7195640710 1615 E EVANS AVENUE PUEBLO CO 81004 KATIE HEUERMANN CHAIR 2.00 X 0 0 0 JUDY KOCHEVAR SECRETARY/TREASURER 2.00 X 0 0 0 JANE RHODES BOARD MEMBER 2.00 X 0 0 0 DON TRUJILLO BOARD MEMBER 2.00 X 0 0 0 BUTCH BATCHELDER JR BOARD MEMBER 2.00 X 0 0 0 LEONARD FLORES BOARD MEMBER 2.00 X 0 0 0 VANESSA TREXEL PRESIDENT/CEO 40.00 X 114539 0 18449 ERNESTINE TRUJILLO VP OF OPERATIONS 40.00 X 63756 0 11365 SHARI KRASOVIC VP OF HR & MARKETING 40.00 X 64864 0 6547 LAURIE SCOLERI VP OF OPERATIONS 40.00 X 59743 0 4359 ANITTA SKUL VP OF MARKETING 40.00 X 54019 0 9662 356921 0 50382 1 0 0 0 VANTIV 8500 GOVERNORS HILL CINCINNATI OH 45249 EFT PROCESSOR 374531 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 DATA PROCESSOR 296533 2 INTEREST ON LOANS TO M 522100 3226612 3226612 FEES AND OTHER CHARGES 522100 827854 827854 OTHER INCOME 522100 760848 760848 4815314 547769 547769 47 0 47 47 47 NON-MEMBER ATM FEES 522100 2154 2154 2154 5365284 4815314 2154 547816 406870 1174320 75032 103071 122445 2287 30000 125651 117947 644738 189205 10876 43673 244131 SHARE SERVICING 536097 INTEREST/DIVIDENDS PAID 533123 PROVISION FOR LOAN LOSS 208363 LOAN SERVICING 139895 57803 4765527 1267272 1557646 4378705 5209317 59895489 62245524 7083291 4121411 3142815 2961880 2919187 4420247 14945433 16683233 4060566 4427762 90609467 97505609 2473113 2346417 76795279 83091778 79268392 85438195 X 0 0 1482213 1482213 9858862 10585201 11341075 12067414 90609467 97505609 599757 126582 0 X 0 0 0 1069191 1069191 3819369 2182233 1637136 2194731 1939178 255553 2961880 NON PERPETUAL CAPITAL AT CORPORATE CREDIT UNION 165724 C PERPETUAL CAPITAL AT CORPORATE CREDIT UNION 414309 C CERTIFICATES OF DEPOSIT 16011000 C ALL OTHER INVESTMENTS 92200 C 16683233 MEMBERS SHARE AND DEPOSIT ACCOUNTS 83091778 83091778 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT IS OPERATED FOR THE BENEFIT OF EMPLOYEES OF THE POWER DEPARTMENT AT COLORADO FUEL AND IRON, RESIDENTS LIVING IN PUEBLO WEST, FREMONT COUNTY, SOUTHEAST PUEBLO COUNTY, CHAFFEE COUNTY, LAS ANIMAS COUNTY, ALL PEOPLE WHO ARE 50+ LIVING IN PUEBLO COUNTY AND THE FAMILIES OF ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND VICE PRESIDENT OF FINANCE AND INFORMATION TECHNOLOGY. THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION PROVIDES AN ANNUAL DISCLOSURE FORM TO ALL VOLUNTEERS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE REVIEWED FOR ANY ITEMS REQUIRING FURTHER FOLLOW-UP. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S SALARY IS ADJUSTED BASED ON EXPERIENCE AND FINANCIAL CONDITION OF THE CREDIT UNION. YEARLY PERFORMANCE REVIEWS OF THE CEO ARE CONDUCTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV.