CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-0146595)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-14
IRS object ID: 201303189349305715
Schema version: 2012v2.2
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
Form 990
Schedule D
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-14T04:14:01-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	840146595	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	BELLCO CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	BELL	NameControl
Phone	3036897800	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 6611	AddressLine1
City	GREENWOOD VILLAGE	City
State	CO	State
ZIP Code	801556611	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DOUGLAS FERRARO	Name
Title	CEO	Title
Date Signed	2013-11-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2013-11-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DOUGLAS FERRARO	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	7600 E ORCHARD ROAD STE 400N	AddressLine1
City	GREENWOOD VILLAGE	City
State	CO	State
ZIP Code	80111	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	316182457	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	1948	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.BELLCO.ORG	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1936	YearFormation
State Legal Domicile	CO	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	578	TotalNbrEmployees
Total Nbr Volunteers	12	TotalNbrVolunteers
Total Gross UBI	357750	TotalGrossUBI
Net Unrelated Business Txbl Income	-29688	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	115102594	ProgramServiceRevenuePriorYear
Program Service Revenue CY	114903206	ProgramServiceRevenueCY
Investment Income Prior Year	2418941	InvestmentIncomePriorYear
Investment Income Current Year	5726654	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1573310	OtherRevenuePriorYear
Other Revenue Current Year	2577506	OtherRevenueCurrentYear
Total Revenue Prior Year	119094845	TotalRevenuePriorYear
Total Revenue Current Year	123207366	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	24336743	SalariesEtcPriorYear
Salaries Etc Current Year	28444831	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	68298698	OtherExpensePriorYear
Other Expenses Current Year	63298690	OtherExpensesCurrentYear
Total Expenses Prior Year	92635441	TotalExpensesPriorYear
Total Expenses Current Year	91743521	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	26459404	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	31463845	RevenuesLessExpensesCY
Total Assets BOY	2069711484	TotalAssetsBOY
Total Assets EOY	2244374759	TotalAssetsEOY
Total Liabilities BOY	1844120321	TotalLiabilitiesBOY
Total Liabilities EOY	1986744130	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	225591163	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	257630629	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	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.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	true	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	true	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	103218	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	578	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DAN KAMPEN	NamePerson
Telephone Number	3036897800	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	7600 E ORCHARD ROAD STE 400N	AddressLine1
City	GREENWOOD VILLAGE	City
State	CO	State
ZIP Code	80111	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (20 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
S BRAYMAN
BOD/SECRETARY	004.00	004.00	X	0	0	0
J PRANCAN
BOD/CHAIR	005.00	005.00	X	0	0	0
D POWERS
BOD/DIRECTOR	005.00	005.00	X	0	0	0
G LANDIS
BOD/DIRECTOR	004.00	004.00	X	0	0	0
W FLEMING
BOD/VICE CHAIR	004.00	004.00	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/DIRECTOR	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	809410	0	443759	X
S BLODGETT
SUP COMM/MEMBER	002.00	002.00	X	0	0	0
J RUBY
SVP/CLO	040.00	040.00		255914	0	41573	X
S SAGEHORN-ELLIOTT
SVP/COO	040.00	040.00		272458	0	46207		X
J PARGEON
CONTROLLER	040.00	040.00		186096	0	11534			X
J RIVERA
VP BRANCH SALES SERVICE	040.00	040.00		179565	0	21712			X
T STONEBRAKER
VP/RETAIL LENDING	040.00	040.00		187247	0	31634			X
L DOWNEY
SVP/HR	040.00	040.00		229694	0	42867			X
N BULLOCK
DIR SYS OPS, LOSS MITIGATION	040.00	040.00		154417	0	16715			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2274801	TotalReportableCompFromOrg
Total Other Compensation	656001	TotalOtherCompensation
Number Individuals GT100 K	8	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
THE ROCHDALE GROUP
8700 INDIAN CREEK PARKWAY SUITE 120	OVERLAND PARK	KS	66210	CONSULTANT	720273
PROTIVITI
12269 COLLECTIONS CENTER DR	CHICAGO	IL	60693	INTERNAL AUDIT	288086
KENT E ALLEN
12268 S MULLEN RD	OLATHE	KS	66062	CONSULTANT	227736
THE LAW FIRM OF JOHN A LOBUS PC
710 KIPLING ST 402	LAKEWOOD	CO	80215	LEGAL	343533
ALM FIRST FINANCIAL ADVISORS
2911 TURTLE CREEK BLVD STE 500	DALLAS	TX	75219	CONSULTANT	140400

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	8	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INCOME ON LOANS	522100	91648343	91648343
FEES/CHARGES/OTHER	522100	22897113	22897113
UNRELATED BUSINESS INCOME	524298	357750		357750

Field	Value	IRS element (for citing)
Total Program Service Revenue	114903206	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3830329	TotalRevenueColumn
Related Or Exempt Function Income	3830329	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	194871416	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	192975091	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	1896325	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	1896325	TotalRevenueColumn
Related Or Exempt Function Income	1896325	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MSR CAPITALIZATION	522210	1495972	1495972
FORWARD SALE DERIVATIVE	522100	1081534	1081534

Field	Value	IRS element (for citing)
Total Other Revenue	2577506	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	123207366	TotalRevenueColumn
Related Or Exempt Function Income	122849616	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	357750	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1869321	Total
Program Services	1869321	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	20402756	Total
Program Services	20402756	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1380949	Total
Program Services	1380949	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	3201011	Total
Program Services	3201011	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1590794	Total
Program Services	1590794	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	4122261	Total
Program Services	4122261	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	115008	Total
Program Services	115008	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	364650	Total
Program Services	364650	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	515263	Total
Program Services	515263	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	4361060	Total
Program Services	4361060	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	4035261	Total
Program Services	4035261	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	5083001	Total
Program Services	5083001	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	3465161	Total
Program Services	3465161	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	191141	Total
Program Services	191141	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	176637	Total
Program Services	176637	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	11177808	Total
Program Services	11177808	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3850461	Total
Program Services	3850461	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	218740	Total
Program Services	218740	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	25622238	Total
Program Services	25622238	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	91743521	Total
Program Services	91743521	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	230026805	BOY
EOY	230739587	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	168056	BOY
EOY	100000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1942061	BOY
EOY	6404265	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	1099761	BOY
EOY	962297	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	1507949460	BOY
EOY	1639592815	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1086358	BOY
EOY	1544430	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	69706882	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	40884325	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	25451389	BOY
EOY	28822557	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	253488418	BOY
EOY	283222068	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	10108392	BOY
EOY	12737426	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	38390784	BOY
EOY	40249314	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2069711484	BOY
EOY	2244374759	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	23934330	BOY
EOY	24669453	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	25000000	BOY
EOY	25000000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1795185991	BOY
EOY	1937074677	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1844120321	BOY
EOY	1986744130	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	225591163	BOY
EOY	257630629	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	225591163	BOY
EOY	257630629	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2069711484	BOY
EOY	2244374759	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	31463845	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	575621	ReconciliationUnrealizedInvest
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	11837903	OtherCostOrOtherBasis
Book Value	11837903	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	15866249	OtherCostOrOtherBasis
Depreciation	7706276	Depreciation
Book Value	8159973	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6417409	OtherCostOrOtherBasis
Depreciation	4381811	Depreciation
Book Value	2035598	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	23958352	OtherCostOrOtherBasis
Depreciation	18696905	Depreciation
Book Value	5261447	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	11626969	OtherCostOrOtherBasis
Depreciation	10099333	Depreciation
Book Value	1527636	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	28822557	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities OtherLiabilities (6 entries)

DescriptionDescription	AmountAmount
Federal income taxes
SHARES	$363,185,211
SHARE DRAFTS	$372,263,640
MONEY MARKET	$656,733,388
CERTIFICATES	$383,353,388
IRA ACCOUNTS	$161,539,050

Field	Value	IRS element (for citing)
Total Of Amounts	1937074677	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	X	Identifier
Return Reference	2	ReturnReference
Explanation	THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE 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 THE INTERNAL REVENUE CODE IRC SECTION 50414. 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 UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL 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 RECOGNITON 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 2011, 2010, AND 2009 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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	X	FirstClassOrCharterTravel
Travel For Companions	X	TravelForCompanions
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
D FERRARO
PRES/CEO/DIRECTOR	593152	212000	4258	427280	16479	1253169
J PARGEON
CONTROLLER	149232	26688	10176	5998	5536	197630
J RUBY
SVP/CLO	209148	46250	516	19861	21712	297487
J RIVERA
VP BRANCH SALES SERVICE	170738	8647	180		21712	201277
T STONEBRAKER
VP/RETAIL LENDING	162346	24385	516	17185	14449	218881
S SAGEHORN-ELLIOTT
SVP/COO	204854	67300	304	22417	23790	318665
L DOWNEY
SVP/HR	188157	41250	287	20679	22188	272561
N BULLOCK
DIR SYS OPS, LOSS MITIGATION	118324	35488	605	7920	8795	171132

Schedule L IRS990ScheduleL

Loan Table LoanTable (5 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
JOHN RUBY
MORTGAGE LOAN	X	$210,000	174802	false	true	true
JOHN RUBY
MORTGAGE LOAN	X	$34,000	22840	false	true	true
LEEANN DOWNEY
MORTGAGE LOAN	X	$211,000	151630	false	false	true
SANDRA SAGEHORN-ELLIOTT
MORTGAGE LOAN	X	$350,000	314022	false	false	true
JOHN RIVERA
MORTGAGE LOAN	X	$304,000	299003	false	false	true

Field	Value	IRS element (for citing)
Total Balance Due	962297	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

ExplanationExplanation
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 VP OF HUMAN RESOURCES 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.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	BELLCO FINANCIAL SERVICES LLC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 6611	AddressLine1
City	GREENWOOD VILLAGE	City
State	CO	State
ZIP Code	80155	ZIPCode

Field	Value	IRS element (for citing)
EIN	820581022	EIN
Primary Activities	FINANCIAL SERVICES	PrimaryActivities
Legal Domicile State	CO	LegalDomicileState
EOY Assets	308761	EOYAssets

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	BELLCO CREDIT UNION	BusinessNameLine1