CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-0409862)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-10-07
IRS object ID
201502809349300425
Schema version
2014v5.0
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

FieldValueIRS element (for citing)
Return2015-10-07T11:18:00-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN840409862EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PIKES PEAK CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPIKEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11616 N CIRCLE DRAddressLine1Txt
CityCOLORADO SPRINGSCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80909ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL STEINKEPersonNm
Person TitlePRESIDENTCEOPersonTitleTxt
Phone7194735962PhoneNum
Signature2015-08-06SignatureDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPAUL STEINKEPrincipalOfficerNm
Gross Receipts$2,914,837GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedYes (true)AllAffiliatesIncludedInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.PIKESPEAKCU.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Formation1932FormationYr
Legal Domicile StateCOLegalDomicileStateCd
Activity Or MissionSTATE CHARTERED CREDIT UNIONActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee27TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,867,247PYProgramServiceRevenueAmt
CY Program Service Revenue$2,809,101CYProgramServiceRevenueAmt
PY Investment Income$103,804PYInvestmentIncomeAmt
CY Investment Income$105,736CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,971,051PYTotalRevenueAmt
CY Total Revenue$2,914,837CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,078,425PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,069,035CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,582,566PYOtherExpensesAmt
CY Other Expenses$1,450,434CYOtherExpensesAmt
PY Total Expenses$2,660,991PYTotalExpensesAmt
CY Total Expenses$2,519,469CYTotalExpensesAmt
PY Revenues Less Expenses$310,060PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$395,368CYRevenuesLessExpensesAmt
Total Assets BOY$74,571,938TotalAssetsBOYAmt
Total Assets EOY$72,382,646TotalAssetsEOYAmt
Total Liabilities BOY$68,023,070TotalLiabilitiesBOYAmt
Total Liabilities EOY$65,438,410TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,548,868NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,944,236NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionMEMBER-OWNED AND CONTROLLED FINANCIAL COOPERATIVE. PEOPLE HELPING PEOPLE PHILOSOPHY. OUR MISSION IS TO PROVIDE OUR MEMBERS WITH A FULL RANGE OF FINANCIAL SERVICES WHILE MAINTAINING OUR SAFETY AND SOUNDNESS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescNADesc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document1503IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee27EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPAUL STEINKEPersonNm
Phone7194735962PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11616 N CIRCLE DRAddressLine1Txt
CityCOLORADO SPRINGSCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80909ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
PAUL R EDIE
BOARD MEMBER1Yes (X)$0$0$0
FRANK A OTOUPALIK
BOARD MEMBER1Yes (X)$0$0$0
AURA E PATTERSON
BOARD MEMBER1Yes (X)$0$0$0
JAMES T ROCCO
BOARD MEMBER1Yes (X)$0$0$0
MICHAEL B CLIETT
BOARD MEMBER1Yes (X)$0$0$0
JACK G MENARD
BOARD MEMBER1Yes (X)$0$0$0
LEO R WINAND JR
BOARD MEMBER1Yes (X)$0$0$0
PAUL H STEINKE JR
PRESIDENTCEO40$132,324$0$2,500Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$132,324TotalReportableCompFromOrgAmt
Total Other Compensation$2,500TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonNAPersonNm
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
INTEREST ON LOANS$2,210,374$2,210,374
FEE INCOME$315,612$315,612
MISCELLANEOUS INCOME$283,115$283,115
FieldValueIRS element (for citing)
Total Program Service Revenue$2,809,101TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$105,736TotalRevenueColumnAmt
Exclusion$105,736ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,914,837TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,914,837ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$906,650TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$26,198TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$67,723TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$68,464TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,600TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$17,508TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$395,745TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$79,805TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$9,619TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$114,074TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,616TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
DIVIDEND EXPENSE$370,675
PROVISION FOR LOAN LOSSES$217,000
DATA PROCESSING EXPENSE$116,997
LOAN SERVICING EXPENSES$35,527

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$64,268TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,519,469TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$629,013BOYAmt
EOY$724,431EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$20,523,722BOYAmt
EOY$12,126,899EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$42,259BOYAmt
EOY$18,292EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$48,162,222BOYAmt
EOY$54,285,395EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$701,616BOYAmt
EOY$857,531EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,602,113LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,530,609LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,185,333BOYAmt
EOY$1,071,504EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,309,438BOYAmt
EOY$1,015,005EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,018,335BOYAmt
EOY$2,283,589EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$74,571,938BOYAmt
EOY$72,382,646EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$162,213BOYAmt
EOY$159,391EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$67,860,857BOYAmt
EOY$65,279,019EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$68,023,070BOYAmt
EOY$65,438,410EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$1,660,749BOYAmt
EOY$1,660,749EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$4,888,119BOYAmt
EOY$5,283,487EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,548,868BOYAmt
EOY$6,944,236EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$74,571,938BOYAmt
EOY$72,382,646EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$395,368ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$281,459OtherCostOrOtherBasisAmt
Book Value$281,459BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,674,923OtherCostOrOtherBasisAmt
Depreciation$997,889DepreciationAmt
Book Value$677,034BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$645,731OtherCostOrOtherBasisAmt
Depreciation$532,720DepreciationAmt
Book Value$113,011BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,071,504TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER DEPOSITSDesc
Amt$65,279,019Amt
FieldValueIRS element (for citing)
Total Liability$65,279,019TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III LINE 4D - ALL OTHER ACCOMPLISHMENTNA
PART V LINE 3B - FORM 990-T NOT FILED EXPLANATIONTHE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. ALL INCOME AND EXPENSES ARE DEEMED RELATED TO THE OVERALL OBJECTIVE OF MEMBER SERVICES.
PART VI LINE 7A - ELECTION OF MEMBERS AND THEIR RIGHTSTHE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
PART VI LINE 7B - DECISIONS SUBJECT TO APPROVAL OF MEMBERSANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
PART VI LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990NO REVIEW WAS OR WILL BE CONDUCTED.
PART VI LINE 12C - ENFORCEMENT OF CONFLICTS POLICYTHE SECURITY MATRIX OF THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH IS UPDATED ANNUALLY.
PART VI LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIALTHE PRESIDENT'S SALARY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD IS PROVIDED A SALARY SURVEY FROM A THIRD PARTY TO BASE THEIR DECISION. THE SALARY LEVEL IS APPROVED BY THE BOARD. THE LAST EVALUATION WAS CONDUCTED IN MAY 2015.
PART VI LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONTHE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBIES AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.

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