2016-11-07T16:25:11-06:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 840146595 BELLCO CREDIT UNION BELL 3036897800 7600 E ORCHARD ROAD NO 400N GREENWOOD VILLAGE CO 80111 DOUGLAS A FERRARO PRESIDENT/CEO/DIRECTOR 3036897800 2016-11-07 1 DOUGLAS J ORTH P01076394 3052328272 2015 2017-02-10 21:41:12Z DOUGLAS A FERRARO 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 181513515 0 1948 X WWW.BELLCO.ORG X 1936 CO BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY. 10 9 407 12 293074 -65937 0 0 130098773 143024494 5297245 6890048 487033 990634 135883051 150905176 0 0 0 0 25961551 27036208 0 0 0 76740818 82567106 102702369 109603314 33180682 41301862 2738746371 3109279486 2429219001 2758494087 309527370 350785399 X BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY. 0 0 INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 106067 0 1 407 1 1 1 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X DAN KAMPEN 3036897800 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 JANE PRANCAN BOD SECRETARY 1.00 X 0 0 0 DAVID POWERS BOD MEMBER 1.00 X 0 0 0 SUSAN BRAYMAN BOD MEMBER 1.00 X 0 0 0 JAMES DOWNS BOD MEMBER 1.00 X 0 0 0 SHERRY KREIS V. CHAIRPERSON 1.00 X 0 0 0 ANDREW MURRAY BOD MEMBER 1.00 X 0 0 0 DOUG FERRARO BOD MEMBER/PRESIDENT/CEO 40.00 X X 1029121 0 770111 WALKER FLEMING CHAIRPERSON 1.00 X 0 0 0 STEVEN ANGELIER BOD TREASURER 1.00 X 0 0 0 LAURA SONDERUP BOD MEMBER 1.00 X 0 0 0 C DAVID KIKUMOTO SUPERVISORY COMMITTEE/CHAIR 1.00 X 0 0 0 SANDRA BLODGETT SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 JAMES WINFIELD SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 JOHN M RUBY SVP/CLO 40.00 X 350843 0 27170 LEEANN DOWNEY SVP/CHIEF ADM. OFFICER 40.00 X 315209 0 38458 JOHN RIVERA SVP/CHIEF RETAIL OFFICER 40.00 X 312646 0 47525 GREG LUNDSTROM COMMERCIAL BUSINESS LENDING 40.00 X 285949 0 18359 ALVIN MCCARTHY COMMERCIAL BUSINESS LENDING 40.00 X 340860 0 24784 JOHN PARGEON VP CONTROLLER 40.00 X 248897 0 9979 BRAD CLER 1ST MORTGAGE LOAN CONSULTANT 40.00 X 232010 0 25284 RUBEN DINKEL 1ST MORTGAGE LOAN CONSULTANT 40.00 X 203122 0 4723 3318657 0 966393 31 0 1 0 DIEBOLD GLOBAL FINANCIAL PO BOX 644399 PITTSBURGH PA 15624 ATM MAINTENANCE 1993842 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM EQUIPMENT 1791219 STANDARD REGISTER 4517 W 1730 SOUTH SALT LAKE CITY UT 84104 DATA PROCESSING 1242800 PROVIDENT CONSTRUCTION 12424 E WEAVER PLACE CENTENNIAL CO 80111 CONSTRUCTION 1029762 UNICO 1215 FOURTH AVE STE 600 SEATTLE WA 98161 PROPERTY MANAGEMENT 905193 66 INCOME ON LOANS 522100 114068138 114068138 FEES/CHARGES/OTHER 522100 28663282 28663282 UNRELATED BUSINESS INCOME 524298 293074 293074 143024494 6192835 6192835 31305552 30608339 697213 697213 697213 OTHER NON OPERATING 522100 960869 960869 MSR CAPITALIZATION 522100 29765 29765 990634 150905176 150612102 293074 0 X 2891083 2891083 18019999 18019999 2304032 2304032 2428903 2428903 1392191 1392191 14312442 14312442 70006 70006 446530 446530 804410 804410 3986877 3986877 5005420 5005420 7978751 7978751 4176176 4176176 292527 292527 88445 88445 11177696 11177696 4317461 4317461 182693 182693 PROVISION FOR LOAN LOSS 12136914 12136914 ATM/CREDIT CARD 6548124 6548124 LOAN SERVICING 6284744 6284744 MISCELLANEOUS 2591979 2591979 2165911 2165911 109603314 109603314 0 0 303597478 354728231 100000 100000 3903419 6146658 1615159 1423408 2155026368 2534734215 1950488 2613878 74677531 42142192 29643097 32535339 184682783 107440921 14246579 15263656 43981000 54293180 2738746371 3109279486 22195459 34624126 175000000 175000000 2232023542 2548869961 2429219001 2758494087 X 0 0 0 0 309527370 350785399 309527370 350785399 2738746371 3109279486 41301862 -43833 0 X 0 1 X 1 0 13337476 13337476 19581832 9021743 10560089 7042363 4486931 2555432 22798877 17509316 5289561 11916983 11124202 792781 32535339 SHARES 578475842 SHARE DRAFTS 554755077 MONEY MARKET 642878557 CERTIFICATES 629249533 IRA ACCOUNTS 143510952 2548869961 X 150901870 -3306 -3306 150905176 0 150905176 109600008 0 109600008 3306 3306 109603314 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. FASB ASC 740-10-25 CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. 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. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2014, 2013, AND 2012 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: HOLDING LOSSES REPORTED NET OF GAINS IN THE AUDITED FINANCIAL STATEMENTS BUT REPORTED WITH EXPENSES IN FORM 990. PART XII, LINE 4B - OTHER ADJUSTMENTS: HOLDING LOSSES REPORTED NET OF GAINS IN THE AUDITED FINANCIAL STATEMENTS BUT REPORTED WITH EXPENSES IN FORM 990. X X X X 1 1 X X X X 0 1 0 DOUG FERRARO BOD MEMBER/PRESIDENT/CEO 700022 0 323000 0 6099 0 745123 0 24988 0 1799232 0 0 0 JOHN M RUBY SVP/CLO 258203 0 91350 0 1290 0 4212 0 22958 0 378013 0 0 0 LEEANN DOWNEY SVP/CHIEF ADM. OFFICER 244991 0 69250 0 968 0 22887 0 15571 0 353667 0 0 0 JOHN RIVERA SVP/CHIEF RETAIL OFFICER 247950 0 64150 0 546 0 24567 0 22958 0 360171 0 0 0 GREG LUNDSTROM COMMERCIAL BUSINESS LENDING 93415 0 192353 0 181 0 5588 0 12771 0 304308 0 0 0 ALVIN MCCARTHY COMMERCIAL BUSINESS LENDING 88355 0 251726 0 779 0 13250 0 11534 0 365644 0 0 0 JOHN PARGEON VP CONTROLLER 191357 0 56250 0 1290 0 0 0 9979 0 258876 0 0 0 BRAD CLER 1ST MORTGAGE LOAN CONSULTANT 23736 0 208254 0 20 0 11913 0 13371 0 257294 0 0 0 RUBEN DINKEL 1ST MORTGAGE LOAN CONSULTANT 30000 0 173065 0 57 0 4723 0 0 0 207845 0 0 0 PART I, LINE 4B DOUG FERRARO PARTICIPATES IN A NONQUALIFIED RETIREMENT PLAN. THE CREDIT UNION FUNDED THIS PLAN BY $724,373 DURING 2015. JOHN RUBY MORTGAGE LOAN X 210600 158899 0 1 1 JOHN RUBY LINE OF CREDIT X 3000 2956 0 1 1 LEEANN DOWNEY MORTGAGE LOAN X 357500 222280 0 0 1 JOHN RIVERA MORTGAGE LOAN X 304000 271155 0 0 1 ALVIN MCCARTHY MORTGAGE LOAN X 336000 318332 0 0 1 ALVIN MCCARTHY AUTO LOAN X 20758 18253 0 0 1 GREG LUNDSTROM MORTGAGE LOAN X 412750 335743 0 0 1 GREG LUNDSTROM AUTO LOAN X 22925 17802 0 0 1 BRAD CLER MORTGAGE LOAN X 250000 77988 0 0 1 1423408 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. 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 DIRECTOR OF FINANCE IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. UPON COMPLETION, THE RETURN IS REVIEWED BY EXECUTIVE MANAGEMENT AND THE PRESIDENT/CEO, ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEWS AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C HUMAN RESOURCES IS NOTIFIED BY RISK MANAGEMENT AND OTHERS ABOUT POTENTIAL CODE OF ETHICS VIOLATIONS WHICH THEY FULLY INVESTIGATE. A DECISION IS THEN MADE CONCERNING THE ACTIONS THAT SHOULD BE TAKEN FOR THE VIOLATION. FORM 990, PART VI, SECTION B, LINE 15 MARKET DATA IS PREPARED BY THE CHIEF ADMINISTRATIVE OFFICER FOR ALL EXECUTIVE POSITIONS. SUBSTANTIATION OF THE DECISION IS GIVEN IN WRITTEN PERFORMANCE EVALUATIONS FOR ALL EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E TELEPHONE AND POSTAGE: PROGRAM SERVICE EXPENSES 1,703,728. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,703,728. STATIONERY AND SUPPLIES: PROGRAM SERVICE EXPENSES 253,225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 253,225. ASSOCIATION DUES: PROGRAM SERVICE EXPENSES 208,958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,958. BELLCO FOUNDATION 7600 E ORCHARD RAOD GREENWOOD VILLAGE CO 80111 474045582 TO FURTHER BELLCO CREDIT UNION'S CHARITABLE ACTIVITIES CO 501C LINE 9 BELLCO CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BELLCO FOUNDATION B 82375 ACTUAL CASH CONTRIBUTION