2014-11-18T05:21:53-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 840146595 BELLCO CREDIT UNION BELL 3036897800 PO BOX 6611 GREENWOOD VILLAGE CO 801556611 DOUGLAS FERRARO CEO 2014-11-18 true DOUGLAS ORTH 3052328272 2014-11-18 2013 2015-11-30 17:44:51Z DOUGLAS FERRARO 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 276726898 false 1948 X WWW.BELLCO.ORG X CREDIT UNION 1936 CO SEE SCHEDULE O 9 8 609 11 386292 0 114903206 122982102 5726654 6039799 2577506 1928564 123207366 130950465 0 0 28444831 28952469 0 0 63298690 82013212 91743521 110965681 31463845 19984784 2244374759 2465882983 1986744130 2190876970 257630629 275006013 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. false false 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. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false true false false false false false false false false true false false false false true 99377 0 true 609 true true true false false false false false X 9 8 false false false false true true true true true false false false true true true true true true true false X DAN KAMPEN 3036897800 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 S BRAYMAN BOD/DIRECTOR 004.00 004.00 X 0 0 0 J PRANCAN BOD/SECRETARY 005.00 005.00 X 0 0 0 D POWERS BOD/DIRECTOR 004.00 004.00 X 0 0 0 W FLEMING BOD/CHAIRMAN 005.00 005.00 X 0 0 0 J DOWNS BOD/TREASURER 004.00 004.00 X 0 0 0 S KREIS BOD/DIRECTOR 004.00 004.00 X 0 0 0 A MURRAY BOD/DIRECTOR 004.00 004.00 X 0 0 0 S ANGELIER BOD/V. CHAIRMAN 002.00 002.00 X 0 0 0 CD KIKUMOTO SUP COMM/MEMBER 002.00 002.00 X 0 0 0 T MCCONNELL SUP COMM/MEMBER 002.00 002.00 X 0 0 0 D FERRARO PRES/CEO/DIRECTOR 040.00 040.00 X X 878149 0 524679 S BLODGETT SUP COMM/MEMBER 002.00 002.00 X 0 0 0 J RUBY SVP/CLO 040.00 040.00 X 286964 0 42462 S SAGEHORN-ELLIOTT SVP/COO 040.00 040.00 X 288346 0 50122 J PARGEON VP/CONTROLLER 040.00 040.00 X 204663 0 6957 J RIVERA VP BRANCH SALES SERVICE 040.00 040.00 X 230868 0 33588 T STONEBRAKER VP RETAIL LENDING 040.00 040.00 X 207862 0 34565 L DOWNEY SVP/ORGANIZATIONAL DEVELOPMENT 040.00 040.00 X 268953 0 47279 G LUNDSTROM COMMERCIAL BUSINESS OFFICER 040.00 040.00 X 213509 0 26736 2579314 766388 26 false true false WORKFLOW ONE 220 EAST MONUMENT AVENUE DAYTON OH 454021223 DATA PROCESSING 702655 PROVIDENT CONSTRUCTION GROUP INC 12424 E WEAVER PL CENTENNIAL CO 80111 CONSTRUCTION 2331644 DIEBOLD GLOBAL FINANCE 5995 MAYFAIR ROAD CANTON OH 44720 ATM LEASING AND MAINTENANCE 1222447 OPEN SOLUTIONS INC 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING 1077578 DIEBOLD INCORPORATED 5995 MAYFAIR ROAD CANTON OH 44720 ATM LEASING AND MAINTENANCE 1076840 51 INCOME ON LOANS 522100 96197871 96197871 FEES/CHARGES/OTHER 522100 26397939 26397939 UNRELATED BUSINESS INCOME 524298 386292 386292 122982102 4339959 4339959 68831 68831 25000000 122476273 24993540 120782893 6460 1693380 1699840 -24127 MSR CAPITALIZATION 522210 1069451 1069451 OTHER GAINS 522100 790282 790282 1859733 130950465 128840206 386292 0 0 0 0 2070722 2070722 0 20440059 20440059 1540363 1540363 3255637 3255637 1645688 1645688 6910036 6910036 105261 105261 474300 474300 0 0 703795 703795 4334651 4334651 4816708 4816708 5678417 5678417 0 4012175 4012175 581503 581503 0 94252 94252 9147625 9147625 0 4245424 4245424 218444 218444 SEE ATTACHED SCHEDULE 40690621 40690621 0 110965681 110965681 230739587 257978570 100000 100000 6404265 3414499 962297 1485578 1639592815 1881322016 1544430 1650286 70899188 42304274 28822557 28594914 283222068 236330494 12737426 13208668 40249314 41797958 2244374759 2465882983 24669453 22879230 25000000 64899157 1937074677 2103098583 1986744130 2190876970 X 257630629 275006013 257630629 275006013 2244374759 2465882983 19984784 -2609400 X false true X true false false 12582316 12582316 17126683 7950414 9176269 5890939 4326839 1564100 22991082 19069543 3921539 12308168 10957478 1350690 28594914 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARES 436003277 SHARE DRAFTS 414312645 MONEY MARKET 638828114 CERTIFICATES 458452835 IRA ACCOUNTS 155501712 2103098583 X X 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. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED 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 501C14. 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 UNIONS 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 CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2012, 2011, AND 2010 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. X X X X true true X X X X false true false D FERRARO PRES/CEO/DIRECTOR 630019 244000 4130 508200 16479 1402828 J PARGEON VP/CONTROLLER 166387 38000 276 625 6332 211620 J RUBY SVP/CLO 224348 62100 516 20750 21712 329426 J RIVERA VP BRANCH SALES SERVICE 218963 11725 180 11876 21712 264456 T STONEBRAKER VP RETAIL LENDING 168346 39000 516 20116 14449 242427 S SAGEHORN-ELLIOTT SVP/COO 227473 60600 273 26380 23742 338468 L DOWNEY SVP/ORGANIZATIONAL DEVELOPMENT 212848 55500 605 25567 21712 316232 G LUNDSTROM COMMERCIAL BUSINESS OFFICER 91406 121978 125 4904 21832 240245 Part 1 Line 4b D. FERRARRO PARTICIPATES IN A 457F. CONTRIBUTIONS TO HIS 457F DURING 2013 EQUALED 488,200. JOHN RUBY EMPLOYEE MORTGAGE LOAN X 210600 169731 false true true JOHN RUBY EMPLOYEE MORTGAGE LOAN X 34000 33640 false true true LEEANN DOWNEY EMPLOYEE MORTGAGE LOAN X 357500 337381 false false true SANDRA SAGEHORN-ELLIOTT EMPLOYEE MORTGAGE LOAN X 312800 311162 false false true JOHN RIVERA EMPLOYEE MORTGAGE LOAN X 304000 289848 false false true GREG LUNDSTROM EMPLOYEE MORTGAGE LOAN X 249500 242249 false false true JOHN RUBY EMPLOYEE LINE OF CREDIT X 500 2903 false true true TERRI STONEBRAKER EMPLOYEE LINE OF CREDIT X 2500 1664 false false true GREG LUNDSTORM EMPLOYEE MORTGAGE LOAN X 97000 4770 false false true GREG LUNDSTORM EMPLOYEE MORTGAGE LOAN X 97000 92230 false false true 1485578 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 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 15A MARKET DATA IS PREPARED BY THE SVP ORGANIZATIONAL DEVELOPMENT 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 UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990, Part VI, Section A, Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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 I, Line I 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. BELLCO FINANCIAL SERVICES LLC PO BOX 6611 GREENWOOD VILLAGE CO 80155 820581022 FINANCIAL SERVICES CO BELLCO CREDIT UNION Part I Line 1 BELLCO FINANCIAL SERVICES, LLC WAS DISSOLVED ON OCTOBER 23, 2013.