CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-6023137)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-13
- IRS object ID
- 201443179349305064
- Schema version
- 2013v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-13T13:03:38-08:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tinucci Jones & Company PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31207 Keats Way Suite 201 | AddressLine1 |
| City | Evergreen | City |
| State | CO | State |
| ZIP Code | 80439 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 846023137 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUBLIC SERVICE CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PUBL | BusinessNameControlTxt |
| Phone | 3036912345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7055 EAST EVANS AVENUE | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80224 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Colleen Knoll | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Eric L Jones | PreparerPersonNm |
| PTIN | P00634170 | PTIN |
| Phone | 3034809090 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | David E Maus | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7055 East Evans Avenue | AddressLine1 |
| City | Denver | City |
| State | CO | State |
| ZIP Code | 80224 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $129,625,580 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pscu.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | PSCU is a financial cooperative that provides the means for our members to achieve their goals and stands for this fundamental truth: That together we're better. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 502 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $772,837 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$1,070,649 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $63,852,925 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $61,375,091 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,249,807 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,816,226 | CYInvestmentIncomeAmt |
| PY Other Revenue | $781,058 | PYOtherRevenueAmt |
| CY Other Revenue | $1,207,850 | CYOtherRevenueAmt |
| PY Total Revenue | $68,883,790 | PYTotalRevenueAmt |
| CY Total Revenue | $68,399,167 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $153,226 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $165,545 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,639,204 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,613,004 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $33,827,730 | PYOtherExpensesAmt |
| CY Other Expenses | $30,134,174 | CYOtherExpensesAmt |
| PY Total Expenses | $55,620,160 | PYTotalExpensesAmt |
| CY Total Expenses | $54,912,723 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,263,630 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,486,444 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,244,721,522 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,325,660,039 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,117,398,736 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,193,288,161 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $127,322,786 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $132,371,878 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PSCU is a financial cooperative that provides the means for our members to achieve their goals and stands for this fundamental truth: That together we're better. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | The Credit Union is owned by approximately 149,000 members. The Credit Union provides financial services to its members, such as consumer lending, shared branching services, deposit/transactional services, mortgage lending, commercial lending, home banking, bill payment and other financial services. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 22926 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 502 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Public Service Credit Union | PersonNm |
| Phone | 3036912345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7055 East Evans Avenue | AddressLine1 |
| City | Denver | City |
| State | CO | State |
| ZIP Code | 80224 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Tim Farrell | ||||||||
| Chairman | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Lynn Gangone | ||||||||
| Vice Chair | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Scott Aaronson | ||||||||
| Treasurer | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Phil Showalter | ||||||||
| Secretary | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JoAnn Groff | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Darrell Digs | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Tim Reed | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Josh Burchfield | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Gary Jones | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| David E Maus | ||||||||
| President/CEO | 40.00 | 0.00 | $1,568,463 | $0 | $35,880 | Yes (X) | ||
| Cynthia G Koan | ||||||||
| SVP/CSO | 40.00 | 0.00 | $370,119 | $0 | $31,149 | Yes (X) | ||
| David Pierce | ||||||||
| SVP/CIO | 40.00 | 0.00 | $260,500 | $0 | $35,210 | Yes (X) | ||
| Stephen Ferrero | ||||||||
| VP | 40.00 | 0.00 | $177,342 | $0 | $18,007 | Yes (X) | ||
| Carlos Vazquez | ||||||||
| VP | 40.00 | 0.00 | $136,777 | $0 | $22,046 | Yes (X) | ||
| Evonna L Thorburn | ||||||||
| SVP/CXO | 40.00 | 0.00 | $262,620 | $0 | $28,279 | Yes (X) | ||
| Herbert White | ||||||||
| SVP/CLO | 40.00 | 0.00 | $269,972 | $0 | $34,880 | Yes (X) | ||
| Colleen Knoll | ||||||||
| SVP/CFO | 40.00 | 0.00 | $238,606 | $0 | $23,250 | Yes (X) | ||
| Louis Lubick | ||||||||
| VP | 22.00 | 0.00 | $143,059 | $0 | $14,152 | Yes (X) | ||
| Mary Kathryn Uhl | ||||||||
| VP HR | 40.00 | 0.00 | $166,585 | $0 | $14,036 | Yes (X) | ||
| Michelle Tygart | ||||||||
| Genl Counsel/VP | 40.00 | 0.00 | $166,896 | $0 | $18,695 | Yes (X) | ||
| Michael Kitch | ||||||||
| Investment Rep | 40.00 | 0.00 | $216,147 | $0 | $26,124 | Yes (X) | ||
| Pamela Tremblay | ||||||||
| AVP | 40.00 | 0.00 | $126,406 | $0 | $17,371 | Yes (X) | ||
| Chad Shane | ||||||||
| AVP | 40.00 | 0.00 | $120,541 | $0 | $15,540 | Yes (X) | ||
| Angela Webb | ||||||||
| AVP | 40.00 | 0.00 | $113,298 | $0 | $11,683 | Yes (X) | ||
| Sarah Collins | ||||||||
| AVP | 40.00 | 0.00 | $112,406 | $0 | $22,298 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,449,737 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $368,600 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1 | CityContractorAddress/ForeignAddress/City | CountryContractorAddress/ForeignAddress/Country |
|---|---|---|---|---|---|---|---|---|
| VISA Inc | ||||||||
| PO Box 31279 | Tampa | FL | 33631 | Debit Card Process | $1,420,148 | |||
| AD Miller Services Inc | ||||||||
| 7006 S Alton Way | Centennial | CO | 80112 | Property Management | $941,042 | |||
| Diabold Inc | ||||||||
| PO Box 643543 | Pittsburgh | PA | 15264 | ATMs & Maint | $804,030 | |||
| CO-OP | ||||||||
| 9692 Haven Ave | Rancho Cucamonga | CA | 91730 | Electronic Trans | $2,126,748 | |||
| Info Image | ||||||||
| Statement Mailing | $783,163 | 141 Jefferson Drive | Menlo Park | OC | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Fees Member Service | 522100 | $11,483,198 | $11,483,198 |
| Interest Member Loans | 522100 | $37,143,380 | $37,143,380 |
| Other Operating Income | 522100 | $1,981,493 | $1,981,493 |
| Plastics Income | 522100 | $9,100,198 | $9,100,198 |
| Shared Branch Income | 522100 | $1,666,822 | $1,666,822 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $61,375,091 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,965,165 | TotalRevenueColumnAmt |
| Exclusion | $4,965,165 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $435,013 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $435,013 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $435,013 | TotalRevenueColumnAmt |
| Exclusion | $435,013 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $135,000 | SecuritiesAmt |
| Other | $61,942,474 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $142,144 | SecuritiesAmt |
| Other | $61,084,269 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$7,144 | SecuritiesAmt |
| Other | $858,205 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $851,061 | TotalRevenueColumnAmt |
| Exclusion | $851,061 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| Insurance Income | 524298 | $77,157 | $77,157 |
| Non-Member ATM Fees | 522100 | $695,680 | $695,680 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $772,837 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,399,167 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $61,375,091 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $772,837 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,251,239 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,545 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,036,523 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,588,568 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $889,030 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,662,366 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,436,517 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,495 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,110 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,767,174 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,311,425 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,374,608 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $662,809 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,992,463 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Transaction Processing | $5,698,651 |
| Dividends & Interest -Members | $4,028,074 |
| Office Operations | $3,423,677 |
| Loan Servicing Expense | $2,327,459 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,223,218 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,912,723 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,430,354 | BOYAmt |
| EOY | $14,115,110 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $376,779,830 | BOYAmt |
| EOY | $211,939,877 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,478,622 | BOYAmt |
| EOY | $2,713,756 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,552,427 | BOYAmt |
| EOY | $2,827,463 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $577,811,634 | BOYAmt |
| EOY | $715,817,917 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,191,701 | BOYAmt |
| EOY | $917,684 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $53,058,276 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,318,211 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,118,224 | BOYAmt |
| EOY | $25,740,065 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,407,469 | BOYAmt |
| EOY | $296,683,537 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,681,501 | BOYAmt |
| EOY | $14,848,130 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,713,047 | BOYAmt |
| EOY | $12,597,589 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,556,713 | BOYAmt |
| EOY | $27,458,911 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,244,721,522 | BOYAmt |
| EOY | $1,325,660,039 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,677,294 | BOYAmt |
| EOY | $11,746,352 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $420,550 | BOYAmt |
| EOY | $562,333 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,104,300,892 | BOYAmt |
| EOY | $1,180,979,476 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,117,398,736 | BOYAmt |
| EOY | $1,193,288,161 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,322,786 | BOYAmt |
| EOY | $132,371,878 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,322,786 | BOYAmt |
| EOY | $132,371,878 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,244,721,522 | BOYAmt |
| EOY | $1,325,660,039 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $13,486,444 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$8,437,352 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $1,304,683 | BeginningBalanceAmt |
| Additions During Year | $2,882,829 | AdditionsDuringYearAmt |
| Distributions During Year | $2,657,363 | DistributionsDuringYearAmt |
| Ending Balance | $1,530,149 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,579,853 | OtherCostOrOtherBasisAmt |
| Book Value | $8,579,853 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,001,451 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,377,747 | DepreciationAmt |
| Book Value | $12,623,704 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,180,466 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,626,512 | DepreciationAmt |
| Book Value | $553,954 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,384,072 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,169,647 | DepreciationAmt |
| Book Value | $1,214,425 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,912,434 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,144,305 | DepreciationAmt |
| Book Value | $2,768,129 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $25,740,065 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Section 457 Plan Annuity Contracts | Desc |
| Book Value | $5,516,504 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Member Shares | $235,238,967 |
| Other Member Deposits | $945,740,509 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,180,979,476 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib | The Credit Union sells first mortgage loans to others with servicing retained. The custodial escrow accounts related to these mortgage loans are not included in the Credit Union's financial statements. |
| Part IV, Line 2b: Explanation of escrow account liability | The Credit Union services first mortgage loans held in its own portfolio. The custodial escrow accounts related to these mortgage loans are included in the Credit Union's financial statements, and are reported as an escrow liability. |
| Part X : FIN48 Footnote | ASC 740, Accounting for Uncertainty in Income Taxes, prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.The Credit Union and its wholly-owned subsidiary are under regular audit by the tax authorities. The Credit Union believes that it has appropriate support for the positions taken on its tax returns and that its annual tax provision includes amounts sufficient to pay any assessments. Further, management believes that the Credit Union's tax exempt status would be upheld in an examination. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year.The Credit Union and its subsidiary file income tax returns in the United States federal and Colorado state jurisdictions. The Credit Union and its subsidiary are no longer subject to income tax examinations for the Colorado state income taxes before 2010 or for the United States federal income taxes before 2010.The Credit Union classifies any interest on underpayments of income tax as "Interest Expense", and classifies penalties in connection with underpayments of tax as "Other Expense". |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Colorado Human Resource Assoc | ||||||||
| 10900 W 120th Ave Unit B-7 | Broomfield | CO | 80021 | 846119426 | 501(c)(6) | $5,545 | $0 | Sponsor events, defray costs |
| University of Denver | ||||||||
| 2201 E Asbury Ave | Denver | CO | 20208 | 840404231 | $125,000 | $0 | Supports DU Athletic & Campus Event | |
| Womens Vision Foundation | ||||||||
| 360 S Monroe Suite 175 | Denver | CO | 80219 | 841155755 | $25,000 | $0 | Networking and Seminar Events | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grantmaker's Description of How Grants are Used | FormAndLineReferenceDesc |
| Explanation | The Credit Union monitoris the use of grant funds by attending the sponsorship event and/or observing the results in the community. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt |
|---|---|---|---|---|---|---|---|
| Carlos Vazquez | |||||||
| VP | $122,438 | $12,652 | $1,687 | $13,917 | $8,129 | $158,823 | |
| Colleen Knoll | |||||||
| SVP/CFO | $190,693 | $39,553 | $8,360 | $12,622 | $10,628 | $261,856 | |
| Cynthia G Koan | |||||||
| SVP/CSO | $267,986 | $80,786 | $21,347 | $23,848 | $7,301 | $401,268 | |
| David E Maus | |||||||
| President/CEO | $478,123 | $1,047,476 | $42,864 | $25,500 | $10,380 | $1,604,343 | $1,047,476 |
| David Pierce | |||||||
| SVP/CIO | $206,348 | $43,544 | $10,608 | $24,500 | $10,710 | $295,710 | |
| Evonna L Thorburn | |||||||
| SVP/CXO | $202,398 | $42,254 | $17,968 | $22,862 | $5,417 | $290,899 | |
| Herbert White | |||||||
| SVP/CLO | $206,995 | $42,404 | $20,573 | $24,500 | $10,380 | $304,852 | |
| Louis Lubick | |||||||
| VP | $123,230 | $18,002 | $1,827 | $13,802 | $350 | $157,211 | |
| Mary Kathryn Uhl | |||||||
| VP HR | $143,554 | $22,150 | $881 | $6,177 | $7,859 | $180,621 | |
| Michael Kitch | |||||||
| Investment Rep | $1,988 | $214,159 | $21,774 | $4,350 | $242,271 | ||
| Michelle Tygart | |||||||
| Genl Counsel/VP | $143,106 | $22,507 | $1,283 | $16,473 | $2,222 | $185,591 | |
| Stephen Ferrero | |||||||
| VP | $145,339 | $19,971 | $12,032 | $17,551 | $456 | $195,349 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
| Explanation | Cherry Creek Country Club dues and first class travel upgrades are provided to the Credit Union's CEO. Spouse travel was provided to Board members. The spouse travel benefits were treated as taxable compensation if exceeded $600, and all benefits are approved through the annual budgeting process. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (11 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Stephen J Ferrero | |||||||
| Officer | Home | Yes (X) | $207,500 | $113,841 | false | false | Yes (true) |
| Evonna L Foster | |||||||
| Officer | Home | Yes (X) | $205,350 | $72,046 | false | false | Yes (true) |
| Cynthia G Koan | |||||||
| Officer | Home | Yes (X) | $243,750 | $208,523 | false | false | Yes (true) |
| David E Maus | |||||||
| Officer | Home | Yes (X) | $457,000 | $19,125 | false | Yes (true) | Yes (true) |
| Herbert White | |||||||
| Officer | Home | Yes (X) | $331,500 | $320,025 | false | false | Yes (true) |
| Louis Lubick | |||||||
| Officer | Home | Yes (X) | $400,000 | $347,522 | false | false | Yes (true) |
| David Pierce | |||||||
| Officer | Home | Yes (X) | $416,000 | $375,513 | false | false | Yes (true) |
| Cynthia G Koan | |||||||
| Officer | Rental | Yes (X) | $400,000 | $378,843 | false | false | Yes (true) |
| Katy Uhl | |||||||
| Officer | Home | Yes (X) | $300,000 | $282,675 | false | false | Yes (true) |
| Colleen Knoll | |||||||
| Officer | Home | Yes (X) | $417,000 | $410,190 | false | false | Yes (true) |
| Carlos Vasquez | |||||||
| Officer | Home | Yes (X) | $318,000 | $219,160 | false | false | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,747,463 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| CUILA LLC | |||
| See Schedule O | $1,149,808 | Indirect Lending Fees | false |
| CU Service Network LLC | |||
| See Schedule O | $766,649 | Shared Branch Expense | false |
| Centennial Lending LLC | |||
| See Schedule O | $52,101 | Loan Orig & Serv | false |
| Business Partners LLC | |||
| See Schedule O | $89,147 | Loan Orig & Serv | false |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Client Note 1 | Client Note 1 - UBIT REPORTING:In May 2009, a federal court jury in Wisconsin ruled in the Community First Credit Union case that credit life and disability insurance and GAP insurance coverage made available to member-borrowers by Community First Credit Union of Appleton, Wisconsin were "substantially related" to Community First's tax exempt purpose. The court granted a tax refund to Community First based on the jury's verdict, confirming that credit insurance and GAP were not subject to the unrelated business income tax (UBIT). The IRS did not appeal the case.In November 2009, in the Bellco Credit Union case, the U.S. District Court in Colorado ruled that commissions received by Bellco Credit Union of Greenwood Village, Colorado from the sale of financial products to Bellco members, were not subject to UBIT. The court ruled that the sale of those financial products to Bellco members was "substantially related" to Bellco's tax-exempt purpose of promoting thrift among its members, and the resulting income was exempt from UBIT.In April 2010, the court in Colorado issued its second and final decision in the Bellco Credit Union case, holding that (i) credit life and disability insurance was "substantially related" to Bellco's tax-exempt purpose of promoting thrift among its members, and (ii) Bellco income from AD&D insurance sold to members by an independent marketing company, where Bellco was essentially limited to allowing use of its name and brand, providing member contact information, and reviewing and approving (but not creating) the marketing materials, represented passive "royalty" income exempt from UBIT. On October 19, 2010 the U.S. Department of Justice abandoned its plan to appeal the federal judge's favorable credit union rulings in the Bellco case.The decisions in these court cases are now definitive statements of the law, are not subject to further review, and provide "substantial authority" that income from the sale of credit life and disability insurance, GAP coverage, financial products sold to credit union members, and AD&D insurance sold via direct mail is exempt from UBIT. As such, for 2013, Public Service Credit Union is not reporting these income sources as subject to UBIT, but is filing a 2013 Form 990-T to report income from other insurance products and non-member ATM fees. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The field of membership of this Credit Union shall be: A member of the immediate family of any person who, under the provisions of this Article, is eligible for membership in the Credit Union may also be admitted to membership therein. "Immediate family" means persons related by blood, by marriage or by 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 includes employees and retirees (including the definitions above) of Excel Energy, and past and present faculty, staff, student, alumni, and retirees of the University of Colorado Health Sciences Center, and employees or members of other business (SEGs) or Associations generally in the Denver, Colorado metropolitan area. Membership also includes all persons living or working in certain communities of Colorado Springs, Arvada, Littleton, Aurora, Thornton, boundaries of Denver International Airport, Southwest Plaza Mall, Stapleton Redevelopment Area, Larimer County, and other census tracts generally in the Denver, Colorado metropolitan area. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | The members elect the governing body by vote at the annual meeting. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Merger - Requires two thirds majority vote of voting members.Charter conversion - Requires two thirds majority vote of voting members.Dissolution and liquidation - Requires majorty vote of entire membership. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Management provides the required infomation to the Credit Union's independent CPA Firm for completion of the Form 990. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The Directors complete the conflict of interest disclosure following each Annual Meeting. On an annual basis, the Board receives a presentation on Fiduciary Responsibilities/Ethics. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The current CUES Compensation Survey and salary.com are utilized to determine compensation for the CEO, Executive Vice President, Senior Vice Presidents and Vice Presidents. The last year this process was done was 2008 |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Other than the Form 990, no documents are made available to the public. |
| Form 990 - Sch L - Part II | The Credit Union offers a 1% loan discount rate on consumer loans to all employees, and offers a 2% discount rate on first mortgage loans to select employees only. |
| Form 990 - Sch L - Part IV | The Credit Union's CEO is on the Board of Directors of CUILA, LLC, CU Service Network, LLC, and Business Partners, LLC. The Credit Union's Executive VP is on the Board of Directors of Centennial Lending, LLC and Business Partners, LLC.The Credit Union participates in an indirect lending program that allows a member to obtain financing of a purchased automobile at the point of purchase at the dealership. CUILA, LLC (dba CU Direct Connect) is the entity that facilitates the indirect program for participating credit unions. The fees paid to CUILA, LLC are the same fees that are paid by all participants in the program.The Credit Union participates with other credit unions in a shared branching network which is facilitated by CU Service, Network, LLC. Centennial Lending, LLC and Business Partners, LLC are credit union service organizations that originate and service real estate and business loans for participating credit unions. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Members Insurance Inc | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7055 EAST EVANS AVENUE | AddressLine1 |
| City | Denver | City |
| State | CO | State |
| ZIP Code | 80224 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841004011 | EIN |
| Primary Activities | Insurance Agency | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | $935 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $393,868 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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