2013-11-14T04:14:01-00:00 2012-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2012-01-01 840146595 BELLCO CREDIT UNION BELL 3036897800 PO BOX 6611 GREENWOOD VILLAGE CO 801556611 DOUGLAS FERRARO 2013-11-14 true DOUGLAS ORTH 3052328272 2013-11-14 2012 2016-02-24 21:20:13Z DOUGLAS FERRARO 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 316182457 false 1948 X WWW.BELLCO.ORG X CREDIT UNION 1936 CO BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY. 10 9 578 12 357750 -29688 0 115102594 114903206 2418941 5726654 1573310 2577506 119094845 123207366 0 0 24336743 28444831 0 0 68298698 63298690 92635441 91743521 26459404 31463845 2069711484 2244374759 1844120321 1986744130 225591163 257630629 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 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 true false false true 103218 0 true 578 true true true false false false false false false X 10 9 false false false false true true false 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 004.00 004.00 X 0 0 0 J PRANCAN 005.00 005.00 X 0 0 0 D POWERS 005.00 005.00 X 0 0 0 G LANDIS 004.00 004.00 X 0 0 0 W FLEMING 004.00 004.00 X 0 0 0 J DOWNS 004.00 004.00 X 0 0 0 S KREIS 004.00 004.00 X 0 0 0 A MURRAY 004.00 004.00 X 0 0 0 S ANGELIER 002.00 002.00 X 0 0 0 CD KIKUMOTO 002.00 002.00 X 0 0 0 T MCCONNELL 002.00 002.00 X 0 0 0 D FERRARO 040.00 040.00 X X 809410 0 443759 S BLODGETT 002.00 002.00 X 0 0 0 J RUBY 040.00 040.00 X 255914 0 41573 S SAGEHORN-ELLIOTT 040.00 040.00 X 272458 0 46207 J PARGEON 040.00 040.00 X 186096 0 11534 J RIVERA 040.00 040.00 X 179565 0 21712 T STONEBRAKER 040.00 040.00 X 187247 0 31634 L DOWNEY 040.00 040.00 X 229694 0 42867 N BULLOCK 040.00 040.00 X 154417 0 16715 2274801 656001 8 false true false 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 8 INCOME ON LOANS 522100 91648343 91648343 FEES/CHARGES/OTHER 522100 22897113 22897113 UNRELATED BUSINESS INCOME 524298 357750 357750 114903206 3830329 3830329 194871416 192975091 1896325 1896325 1896325 MSR CAPITALIZATION 522210 1495972 1495972 FORWARD SALE DERIVATIVE 522100 1081534 1081534 2577506 123207366 122849616 357750 0 0 0 0 1869321 1869321 0 20402756 20402756 1380949 1380949 3201011 3201011 1590794 1590794 4122261 4122261 115008 115008 364650 364650 0 0 515263 515263 4361060 4361060 4035261 4035261 5083001 5083001 0 3465161 3465161 191141 191141 0 176637 176637 11177808 11177808 0 3850461 3850461 218740 218740 SEE ATTACHED SCHEDULE 25622238 25622238 0 91743521 91743521 230026805 230739587 168056 100000 1942061 6404265 1099761 962297 1507949460 1639592815 1086358 1544430 69706882 40884325 25451389 28822557 253488418 283222068 10108392 12737426 38390784 40249314 2069711484 2244374759 23934330 24669453 25000000 25000000 1795185991 1937074677 1844120321 1986744130 X 225591163 257630629 225591163 257630629 2069711484 2244374759 31463845 575621 X false true X true false false 11837903 11837903 15866249 7706276 8159973 6417409 4381811 2035598 23958352 18696905 5261447 11626969 10099333 1527636 28822557 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARES 363185211 SHARE DRAFTS 372263640 MONEY MARKET 656733388 CERTIFICATES 383353388 IRA ACCOUNTS 161539050 1937074677 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 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. X X X true true X X X X false false false D FERRARO 593152 212000 4258 427280 16479 1253169 J PARGEON 149232 26688 10176 5998 5536 197630 J RUBY 209148 46250 516 19861 21712 297487 J RIVERA 170738 8647 180 21712 201277 T STONEBRAKER 162346 24385 516 17185 14449 218881 S SAGEHORN-ELLIOTT 204854 67300 304 22417 23790 318665 L DOWNEY 188157 41250 287 20679 22188 272561 N BULLOCK 118324 35488 605 7920 8795 171132 JOHN RUBY MORTGAGE LOAN X 210000 174802 false true true JOHN RUBY MORTGAGE LOAN X 34000 22840 false true true LEEANN DOWNEY MORTGAGE LOAN X 211000 151630 false false true SANDRA SAGEHORN-ELLIOTT MORTGAGE LOAN X 350000 314022 false false true JOHN RIVERA MORTGAGE LOAN X 304000 299003 false false true 962297 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. BELLCO FINANCIAL SERVICES LLC PO BOX 6611 GREENWOOD VILLAGE CO 80155 820581022 FINANCIAL SERVICES CO 308761 BELLCO CREDIT UNION