2025-11-17T19:36:19-06:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 840405947 DENVER COMMUNITY CREDIT UNION DBA ZING CREDIT UNION DENV 3035731170 1075 ACOMA STREET DENVER CO 80204 SHANE SILVERNALE CO-CEO 3035731170 2025-11-17 1 1 NANAZ BENYAMINI P00748170 3104773924 2025-11-17 2024 2025-03-06 01:10:19Z SHANE SILVERNALE 1075 ACOMA STREET DENVER CO 80204 28277616 0 X WWW.MYZING.COM X 1934 CO TO PROMOTE THRIFT AND PROVIDE 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. 7 2 118 11 24711 0 0 0 19700644 21846474 2883560 6406431 38555 24711 22622759 28277616 0 0 0 0 7893666 8488324 0 0 0 14327813 16279121 22221479 24767445 401280 3510171 413726444 410091081 367897888 359744293 45828556 50346788 TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THECREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THEOPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROMTHESE SHARES TO ITS MEMBERS. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO THEMEMBERS OF THE CREDIT UNION. OVER 36,000 MEMBERS SERVED. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 8544 0 1 118 1 1 1 0 0 0 0 0 0 0 0 0 X 7 2 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X SHANE SILVERNALE 3035731170 1075 ACOMA STREET DENVER CO 80204 JAMES DIPAOLO BOARD MEMBER 2.00 X 0 0 0 TONI SHELTON VICE CHAIR 2.00 X X 0 0 0 JANICE M CORNELL BOARD MEMBER 2.00 X 0 0 0 MORRIS E MURRAY BOARD MEMBER 2.00 X 0 0 0 ANDREW BLUNT CHAIRMAN 2.00 X X 0 0 0 HELEN GONZALES BOARD SECRETARY/TREASURER 2.00 X 0 0 0 STEVE NALLEY SUPERVISORY COMMITTEE CHAIR PERSON 2.00 X 0 0 0 TERESSA BONFANTE CO-CEO 40.00 X 448497 0 27609 SHANE SILVERNALE CO-CEO 40.00 X 436444 0 27912 JOSEPH TASSANO SENIOR VICE PRESIDENT - OPERATIONS 40.00 X 269148 0 29909 BARBARA RASH VP HUMAN RESOURCES 40.00 X 210699 0 22391 RACHAEL CALDERON VP - STRATEGIC OUTREACH 40.00 X 166738 0 21426 THERESA SHERRY VP - FINANCE 40.00 X 265379 0 25305 PATRICK KELLY VP - INFORMATION TECHNOLOG 40.00 X 241450 0 18158 HOLLY VANDERPOOL AVP - RETAIL 40.00 X 146982 0 13789 EMERY A HARRIS IT MANAGER 40.00 X 120262 0 4247 ALAN LANG AVP - FINANCE 40.00 X 130907 0 18323 LAWRENCE FLEURY III CONSUMER LENDING MANAGER 40.00 X 109114 0 12749 JILL MONTGOMERY COLLECTIONS MANAGER 40.00 X 104490 0 13510 2650110 0 235328 13 0 1 0 CORELATION INC 2305 HISTORIC DECATUR RD SUITE 300 SAN DIEGO CA 92106 DATA PROCESSOR/IT SUPPORT 634069 Q2 EBANKING PO BOX 205970 DALLAS TX 753205970 HOME BANKING SERVICE PROVIDER 443044 OUTPUT SERVICES 6410 ODELL PLACE BOULDER CO 80301 POSTAGE & MAILING 238230 GKT SOUTHBRIDGE TC1 LLC 211NORTH STADIUM BOULEVARD SUITE COLUMBIA MO 652031145 MINERAL OFFICE LEASE MANAGER 202436 SWITCHTHINK SOLUTIONS INC 148 N 48TH ST STE 200 PHOENIX AZ 85034 IT SERVICES 182135 9 INTEREST ON LOANS TO MEMBERS 522100 15091822 15091822 OTHER INCOME 522100 3964589 3964589 FEES AND CHARGES 522100 2790063 2790063 21846474 2702770 2702770 3703661 0 3703661 3703661 3703661 NON-MEMBER ATM FEES 522100 24711 24711 24711 28277616 28252905 24711 0 2316243 4759433 285860 615144 511644 35558 128461 227235 514364 2420783 1522846 88564 386192 INTEREST AND DIVIDENDS 5583193 LOAN SERVICING EXPENSES 3969882 PROVISION FOR LOAN LOSS 915475 MISCELLANEOUS OTHER EXP 486568 24767445 2297157 2384542 41506338 42531472 1305481 1205749 6943661 7230188 267259711 258650030 28383925 9169779 6290751 19214146 67965804 58250910 2318200 2104000 1000904 1000904 16838437 17519140 413726444 410091081 4433878 4735292 363464010 355009001 367897888 359744293 X 0 0 0 0 45828556 50346788 45828556 50346788 413726444 410091081 3510171 1008061 0 X 0 1 X 1 0 0 0 2992350 2992350 18257699 4887976 13369723 1086443 1086443 0 6047433 3195360 2852073 19214146 MEMBERS SHARE AND DEPOSIT ACCOUNTS 355009001 355009001 X PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024. X 1 1 X X X X X 0 0 0 TERESSA BONFANTE CO-CEO 404253 0 0 0 44244 0 20700 0 6909 0 476106 0 0 0 SHANE SILVERNALE CO-CEO 397896 0 0 0 38548 0 20700 0 7212 0 464356 0 0 0 JOSEPH TASSANO SENIOR VICE PRESIDENT - OPERATIONS 232689 0 25891 0 10568 0 12736 0 17173 0 299057 0 0 0 THERESA SHERRY VP - FINANCE 227561 0 25000 0 12818 0 13287 0 12018 0 290684 0 0 0 PATRICK KELLY VP - INFORMATION TECHNOLOG 198746 0 25000 0 17704 0 11109 0 7049 0 259608 0 0 0 BARBARA RASH VP HUMAN RESOURCES 178310 0 20000 0 12389 0 9986 0 12405 0 233090 0 0 0 RACHAEL CALDERON VP - STRATEGIC OUTREACH 139576 0 18466 0 8696 0 7711 0 13715 0 188164 0 0 0 HOLLY VANDERPOOL AVP - RETAIL 124966 0 10000 0 12016 0 6879 0 6910 0 160771 0 0 0 PART I, LINE 1A A COMPANION WAS ALLOWED TO TRAVEL WITH A VOLUNTEER FOR ONE CONFERENCE DURING THE YEAR. THE COMPANIONS ARE EXPECTED TO REPRESENT THE CREDIT UNION FOR THE SAME BUSINESS PURPOSE FOR WHICH THE VOLUNTEER WAS ATTENDING THE CONFERENCE. TERESSA BONFANTE CO-CEO SPLIT DOLLAR LIFE INSURANCE X 2284641 3171243 0 1 1 JAMES DIPAOLO DIRECTOR AUTO AND CREDIT CARD LOANS X 160810 6305 0 1 1 MORRIS MURRAY OFFICER HOME, AUTO AND CREDIT CARD LOANS X 547300 494372 0 1 1 TONI SHELTON VICE CHAIR AUTO X 23389 14445 0 1 1 PATRICK KELLY OFFICER HOME AND AUTO X 375200 256795 0 1 1 BARBARA RASH VICE PRESIDENT - HUMAN RESOURCES HOME AND AUTO X 386606 310201 0 1 1 THERESA SHERRY SENIOR VICE PRESIDENT - FINANCE HOME AND AUTO X 588183 512994 0 1 1 JOE TASSANO OFFICER HOME MORTGAGE X 344000 253875 0 1 1 SHANE SILVERNALE CO-CEO HOME MORTGAGE X 400000 357003 0 1 1 JANICE CORNELL DIRECTOR HOME MORTGAGE X 318250 101340 0 1 1 ANDREW BLUNT CHAIR HOME MORTGAGE X 260000 232183 0 1 1 SHANE SILVERNALE CO-CEO SPLIT DOLLAR LIFE INSURANCE X 831742 1224022 0 1 1 TERESSA BONFANTE RELATED CO-CEO HOME, AUTO AND CREDIT CARD LOANS X 617946 295410 0 1 1 7230188 AUX SERVICES NETWORK TERESSA BONFANTE, CO-CEO SITS ON THE BOARD OF DIRECTORS OF THE ENTITY 37143 TRANSACTIONAL CHARGES 0 COLORADO DIVISION OF FINANCIAL SERVICES SHANE SILVERNALE, CO-CEO SITS ON THE BOARD OF DIRECTORS OF THE ENTITY 31090 TRANSACTIONAL CHARGES 0 FORM 990, PART VI, SECTION A, LINE 6 THE FIELD OF MEMBERSHIP OF THE CREDIT UNION INCLUDES: MEMBERS OF RECORD OF THE CREDIT UNION AS OF THE EFFECTIVE DATE OF ITS CONVERSION TO STATE CHARTER, PERSONS WHO LIVE OR WORK AND LEGAL ENTITIES LOCATED IN THE COUNTIES OF DENVER, ADAMS, AND ARAPAHOE, COLORADO AND EMPLOYEES OF THE CREDIT UNION, MEMBERS OF THE IMMEDIATE FAMILY OF ANY PERSON WHO, UNDER THE PROVISIONS OF THIS SECTION, IS ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION MAY BE ADMITTED TO MEMBERSHIP THEREIN ('IMMEDIATE FAMILY' MEANS PERSONS RELATED BY BLOOD, MARRIAGE, OR ADOPTION), A MEMBER OF A HOUSEHOLD WHO RESIDES WITH A PERSON WHO, UNDER THE PROVISIONS OF THIS SECTION, IS ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION MAY ALSO BE ADMITTED TO MEMBERSHIP THEREIN. 'HOUSEHOLD' IS DEFINED AS PERSONS LIVING IN THE SAME RESIDENCE AND WHO MAINTAIN A SINGLE ECONOMIC UNIT. THIS INCLUDES ANY PERSON WHO IS A PERMANENT MEMBER OF AND PARTICIPATES IN THE MAINTENANCE OF THE HOUSEHOLD, INCLUDING FAMILY MEMBERS, DOMESTIC PARTNERS, FOSTER CHILDREN AND LEGAL GUARDIAN RELATIONSHIPS MEMBERSHIP MAY INCLUDE ANY SMALL GROUP THAT HAS A COMMON BOND OF EMPLOYMENT OR ASSOCIATION PROVIDED THAT SAID GROUP HAS BEEN ACCEPTED IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE DIVISION OF FINANCIAL SERVICES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE FOR 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 CREDIT UNION HAS CONTRACTED WITH A CERTIFIED PUBLIC ACCOUNTING FIRM FOR ASSISTANCE IN COMPLETION OF THE FORM 990. AS PART OF THE FIRM'S PROCESSES, THE FORM 990 IS REVIEWED BY TWO PARTNERS. THE COMPLETED FORM 990 IS ALSO REVIEWED BY CREDIT UNION MANAGEMENT PRIOR TO FILING. THE CHIEF FINANCIAL OFFICER PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS AT A MONTHLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE VICE PRESIDENT - HUMAN RESOURCES MEETS WITH THE BOARD OF DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY. DIRECTORS ARE GIVEN THE OPPORTUNITY TO ASK QUESTIONS AND THEN ASKED TO SIGN A COPY OF THE POLICY FOR THE FILE. EMPLOYEES AND MANAGERS RECEIVE A COPY OF THE CODE OF CONDUCT, CODE OF ETHICS AND CONFLICT OF INTEREST AT TIME OF HIRE AND THEN THIS IS REVIEWED AGAIN PERIODICALLY AT THE ALL STAFF MEETING AND NEW SIGNATURES ARE OBTAINED. EMPLOYEES, MANAGEMENT AND THE BOARD OF DIRECTORS ARE ASKED TO SHARE UP FRONT ANY POTENTIAL CONFLICTS OF INTEREST. ACCOUNTS ASSOCIATED WITH EMPLOYEES, MANAGEMENT AND BOARD OF DIRECTORS ARE FLAGGED AS EMPLOYEE OR VOLUNTEER ACCOUNTS. FORM 990, PART VI, SECTION B, LINE 15 DENVER COMMUNITY CREDIT UNION USES THE COMPEASE PROGRAM FOR SALARY ADMINISTRATION. THE PROGRAM IDENTIFIES RANGES BASED ON LEVELS OF RESPONSIBILITY FOR THE POSITION IN THE AREAS OF: EXPERIENCE, EDUCATION, MANAGERIAL RESPONSIBILITY, INTERPERSONAL SKILLS, INDEPENDENT JUDGMENT, MENTAL PROCESS, ORGANIZATIONAL IMPACT, AND ORGANIZATIONAL RESTRAINT. ANNUAL UPDATES TO SALARY RANGES ARE RECEIVED FROM COMPEASE. MID-RANGE OF EACH GRADE IS CONSIDERED MARKET PRICE FOR POSITIONS WITHIN THAT GRADE. FOR THE CEO POSITION: IN JANUARY, COMPENSATION DATA FROM COMPEASE, AS WELL AS SALARY SURVEY INFORMATION FROM MOUNTAINS STATES EMPLOYERS COUNCIL AND FROM CUES (CREDIT UNION EXECUTIVE SOCIETY), IS PROVIDED TO THE BOARD OF DIRECTORS BY THE VICE PRESIDENT - HUMAN RESOURCES, ALONG WITH ANY PERTINENT ARTICLES REGARDING CEO COMPENSATION. THE DIRECTORS INDIVIDUALLY COMPLETE A PERFORMANCE REVIEW FORM RATING THE CEO IN OVERALL ASSESSMENT, PERFORMANCE OBJECTIVES, AND STRATEGIC POSITIONING. THE BOARD CHAIR COMBINES THE RATINGS AND PREPARES THE NARRATIVE. THE BOARD MEETS IN EXECUTIVE SESSION TO DETERMINE THE SALARY AND/OR BONUS TO BE PAID. THE REVIEW IS DELIVERED BY THE CHAIRMAN. ANY SALARY INCREASES ARE EFFECTIVE JANUARY 1 AS DEFINED IN THE CEO CONTRACT. THE IRS TAX FORM 990 DATA IS SHARED WITH THE BOARD OF DIRECTORS. FOR EXECUTIVE MANAGEMENT POSITIONS: A SIMILAR FORMAT PERFORMANCE EVALUATION IS COMPLETED ON EXECUTIVE MANAGERS BY THE CEO. SALARY INCREASES BASED ON PERFORMANCE AND LENGTH OF TENURE IN POSITION AND PLACEMENT IN THE GRADE ARE MADE BY THE CEO. ALL REVIEWS AND INCREASES ARE TO BE COMPLETED BY THE FIRST PAY PERIOD IN MARCH. 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 UPON REQUEST. SUMMARIZED FINANCIAL INFORMATION IS AVAILABLE ON THE CREDIT UNION'S WEBSITE. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV. CREDIT UNION LENDING SOURCE LLC 1075 ACOMA STREET DENVER CO 80204 FIRST MORTGAGE LOAN ORIGINATION SERVICES CO 0 0 DENVER COMMUNITY CREDIT UNION DENVER COMMUNITY INSURANCE SERVICES LLC 1075 ACOMA STREET DENVER CO 80204 INSURANCE SERVICES CO 0 0 DENVER COMMUNITY CREDIT UNION