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 84-0188017)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-09-27
- IRS object ID
- 201342709349300714
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-09-27T18:48:31-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841474365 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Holben Hay Lake Balzer CPAs LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1777 S Harrison Street 1000 | AddressLine1 |
| City | Denver | City |
| State | CO | State |
| ZIP Code | 80210 | 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 | 840188017 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Credit Unions Chartered in Colorado | BusinessNameLine1 |
| Business Name Line2 | 20 Westerra Credit Union | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CRED | NameControl |
| Phone | 3033214209 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 East Alameda Ave | AddressLine1 |
| City | Denver | City |
| State | CO | State |
| ZIP Code | 802093100 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jennifer Meyers | Name |
| Title | Senior VP of Finance | Title |
| Phone | 7209213066 | Phone |
| Date Signed | 2013-09-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Sheila M Balzer | Name |
| PTIN | P00967957 | PTIN |
| Phone | 3037592727 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BETSY GUERRERO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 EAST ALAMEDA AVE | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 83634479 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.WESTERRACU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | CO | StateLegalDomicile |
| Activity Or Mission Description | To promote thrift and provide lower cost credit to the members of the credit union. To promote thrift among members by affording them the opportunity to accumulate payments on shares and to make loans from these shares to its members. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 297 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 28800 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 50029251 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 46505098 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5612615 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5646022 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 46499 | OtherRevenuePriorYear |
| Other Revenue Current Year | 205185 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 55688365 | TotalRevenuePriorYear |
| Total Revenue Current Year | 52356305 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14548056 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15470434 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 35898883 | OtherExpensePriorYear |
| Other Expenses Current Year | 29100697 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 50446939 | TotalExpensesPriorYear |
| Total Expenses Current Year | 44571131 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5241426 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7785174 | RevenuesLessExpensesCY |
| Total Assets BOY | 1192007930 | TotalAssetsBOY |
| Total Assets EOY | 1229426943 | TotalAssetsEOY |
| Total Liabilities BOY | 1055250424 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1084561544 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 136757506 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 144865399 | NetAssetsOrFundBalancesEOY |
| Mission Description | To promote thrift and provide lower cost credit to the members of the credit union. To promote thrift among members by affording them the opportunity to accumulate payments on shares and to make loans from these shares to its members. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | Provide a wide variety of financial products and services to the members of the Credit Union. Over 79,000 members served. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 17806 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 297 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3033214209 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 EAST ALAMEDA AVE | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 802093100 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JAMES KULLHEM | |||||||
| CHAIRMAN | 2.00 | X | 0 | 0 | 0 | ||
| LARRY OTTELE | |||||||
| VICE CHAIRMAN | 2.00 | X | 0 | 0 | 0 | ||
| KARIN A RIGGINS | |||||||
| SECRETARY / TREASURER | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM S ABBEY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| BARRY BEAL JR | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| KATHY BETTS | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ANDY RAICEVICH | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| C ALAN PEPPERS | |||||||
| PRESIDENT / CEO | 40.00 | 699341 | 0 | 80461 | X | ||
| JOHN MCCLOY | |||||||
| CHIEF CREDIT AND ADMINISTRATIVE OFFICER | 40.00 | 239227 | 0 | 106043 | X | ||
| DUANE BRUNO | |||||||
| CHIEF OPERATIONS OFFICER | 40.00 | 387616 | 0 | 78646 | X | ||
| BETSY GUERRERO | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 237484 | 0 | 108999 | X | ||
| JOY MANTELLI | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | 151413 | 0 | 16222 | X | ||
| LEE DAMIANO | |||||||
| SVP OF LENDING | 40.00 | 148049 | 0 | 45351 | X | ||
| LAURIE JENSEN | |||||||
| SVP OF OPERATIONS | 40.00 | 147769 | 0 | 47898 | X | ||
| JENNIFER MEYERS | |||||||
| SVP OF FINANCE | 40.00 | 140728 | 0 | 55237 | X | ||
| HELEN RANDALL | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | 141558 | 0 | 20692 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2293185 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 559549 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CRESA PARTNERS-DENVER INC | |||||
| 1515 ARAPAHOE ST305 | DENVER | CO | 80202 | BUILDING MANAGEMENT | 326874 |
| LONG VIEW SYSTEMS CORPORATION (USA) | |||||
| 555 17 STSTE 1600 | DENVER | CO | 80202 | SERVER VIRTUALIZATION CONSULTANT SERVICE | 218876 |
| SEMPLE FARRINGTON & EVERALL PC | |||||
| 1120 LINCOLN ST 1308 | DENVER | CO | 80203 | LEGAL | 217461 |
| GB PROTECT INC | |||||
| 23 INVERNESS WAY EAST STE 130 | ENGLEWOOD | CO | 80112 | SECURITY MONITORING SERVICES | 145141 |
| ALM FIRST FINANCIAL ADVISORS LLC | |||||
| 2911 TURTLE CREEK BLVD STE 500 | DALLAS | TX | 75219 | ALM CONSULTANTS | 130310 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON LOANS TO M | 522100 | 38476266 | 38476266 |
| OTHER INCOME | 522100 | 4986793 | 4986793 |
| FEES AND CHARGES | 522100 | 3042039 | 3042039 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 46505098 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4062940 | TotalRevenueColumn |
| Exclusion | $4,062,940 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 816641 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 640256 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 176385 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 176385 | TotalRevenueColumn |
| Exclusion | $176,385 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 32221000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 30637918 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1583082 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1583082 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1583082 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Management Fee Income from Wester | Description |
| Business Code | 524298 | BusinessCode |
| Total Revenue Column | 28800 | TotalRevenueColumn |
| Unrelated Business Revenue | 28800 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 28800 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 52356305 | TotalRevenueColumn |
| Related Or Exempt Function Income | 48088180 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 28800 | UnrelatedBusinessRevenue |
| Exclusion | $4,239,325 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2293185 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9804285 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1079719 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1339127 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 954118 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 220731 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68039 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1351517 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 923145 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2929677 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2475395 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235247 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2446015 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1488953 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 285327 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| INTEREST/DIVIDENDS PAID | 7166389 |
| ACCOUNT AND LOAN SERVIC | 6330713 |
| PROVISION FOR LOAN LOSS | 1779792 |
| NCUSIF/CORPORATE STABIL | 784672 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 615085 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44571131 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5078531 | BOY |
| EOY | 6077676 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87385493 | BOY |
| EOY | 62179642 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5780441 | BOY |
| EOY | 7052428 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 12171 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 703601509 | BOY |
| EOY | 763320184 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4837611 | BOY |
| EOY | 4962598 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 55550760 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 29037783 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26910626 | BOY |
| EOY | 26512977 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 337579808 | BOY |
| EOY | 339038097 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5066123 | BOY |
| EOY | 5257774 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5736073 | BOY |
| EOY | 5120987 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10031715 | BOY |
| EOY | 9892409 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1192007930 | BOY |
| EOY | 1229426943 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9009080 | BOY |
| EOY | 9370525 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65000000 | BOY |
| EOY | 65000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 981241344 | BOY |
| EOY | 1010191019 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1055250424 | BOY |
| EOY | 1084561544 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16338071 | BOY |
| EOY | 16338071 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120419435 | BOY |
| EOY | 128527328 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136757506 | BOY |
| EOY | 144865399 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1192007930 | BOY |
| EOY | 1229426943 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 7785174 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 322719 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8752576 | OtherCostOrOtherBasis |
| Book Value | 8752576 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 25161798 | OtherCostOrOtherBasis |
| Depreciation | 10773762 | Depreciation |
| Book Value | 14388036 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1917951 | OtherCostOrOtherBasis |
| Depreciation | 1373818 | Depreciation |
| Book Value | 544133 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19718435 | OtherCostOrOtherBasis |
| Depreciation | 16890203 | Depreciation |
| Book Value | 2828232 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 26512977 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ESCROW ACCOUNTS | $3,535,714 |
| MEMBERS' SHARE AND DEPOSIT ACCOUNTS | $1,006,655,305 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1010191019 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 52996561 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 52996561 | RevenueSubtotal |
| Other Revenues Not Included | -640256 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -640256 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 52356305 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 45211387 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 45211387 | ExpensesSubtotal |
| Other Expenses Not Included | -640256 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -640256 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 44571131 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XI, Line 4b - Other Adjustments: | RENTAL EXPENSES NETTED AGAINST RENTAL INCOME -640,256. |
| Part XII, Line 4b - Other Adjustments: | RENTAL EXPENSES NETTED AGAINST RENTAL INCOME -640,256. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C ALAN PEPPERS | ||||||||||||||
| PRESIDENT / CEO | 418576 | 0 | 113037 | 0 | 167728 | 0 | 56807 | 0 | 23654 | 0 | 779802 | 0 | 54850 | 0 |
| JOHN MCCLOY | ||||||||||||||
| CHIEF CREDIT AND ADMINISTRATIVE OFFI | 191365 | 0 | 36580 | 0 | 11282 | 0 | 87732 | 0 | 18311 | 0 | 345270 | 0 | 0 | 0 |
| DUANE BRUNO | ||||||||||||||
| CHIEF OPERATIONS OFFICER | 200455 | 0 | 36580 | 0 | 150581 | 0 | 78353 | 0 | 293 | 0 | 466262 | 0 | 135862 | 0 |
| BETSY GUERRERO | ||||||||||||||
| CHIEF FINANCIAL OFFICER | 190129 | 0 | 36580 | 0 | 10775 | 0 | 87732 | 0 | 21267 | 0 | 346483 | 0 | 0 | 0 |
| JOY MANTELLI | ||||||||||||||
| MORTGAGE LOAN OFFICER | 35708 | 0 | 115705 | 0 | 0 | 0 | 15929 | 0 | 293 | 0 | 167635 | 0 | 0 | 0 |
| LEE DAMIANO | ||||||||||||||
| SVP OF LENDING | 129830 | 0 | 17538 | 0 | 681 | 0 | 34001 | 0 | 11350 | 0 | 193400 | 0 | 0 | 0 |
| LAURIE JENSEN | ||||||||||||||
| SVP OF OPERATIONS | 130329 | 0 | 17289 | 0 | 151 | 0 | 38969 | 0 | 8929 | 0 | 195667 | 0 | 0 | 0 |
| JENNIFER MEYERS | ||||||||||||||
| SVP OF FINANCE | 123477 | 0 | 17161 | 0 | 90 | 0 | 39491 | 0 | 15746 | 0 | 195965 | 0 | 0 | 0 |
| HELEN RANDALL | ||||||||||||||
| MORTGAGE LOAN OFFICER | 21680 | 0 | 119878 | 0 | 0 | 0 | 15595 | 0 | 5097 | 0 | 162250 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Relationship With OrganizationRelationshipWithOrganization | Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|---|
| Betsy Guerrero | |||||||
| Chief Financial Officer | VISA Credit Card | X | $8,196 | 8196 | 0 | 1 | 1 |
| Duane Bruno | |||||||
| Chief Operations Officer | VISA Credit Card | X | $3,975 | 3975 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 12171 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUNA MUTUAL GROUP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | CEO ALSO SERVES AS VICE CHAIR OF BOARD OF CUNA MUTUAL | Relationship |
| Amount Of Transaction | 152246 | AmountOfTransaction |
| Description Of Transaction | PURCHASE OF INSURANCE POLICIES | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | The Credit Union is a member owned financial cooperative that is operated for the benefit of: 1)Employees, pensioners, students and graduates of Denver Schools District No. 1 and Jefferson County School District, 2)Employees of Safeway Stores, Inc. and subsidiaries and affiliated companies in the Denver Division of Safeway Stores, Inc. 3)Persons who live or work within the boundaries of the City of Aurora, the City and County of Denver, and Arapahoe, Jefferson, Adams and Douglas Counties, 4)All persons who were members or qualified to be members the Safeway Rocky Mountain Federal Credit Union, Gateway Credit Union and Jeffco Credit Union at the time of their mergers with Westerra Credit Union, 5)Various select employee groups, 6)Organizations of the above named members, and 7)Members of the immediate family or household of any person who is eligible for membership in the Credit Union. |
| Form 990, Part VI, Section A, line 7a | The members of the credit union elect the Board of Directors at the annual meeting or by mail ballot to fill each vacancy; however, if only one qualified member is nominated for each expired term to be filled, the Chairman may take a voice vote or declare each nominee elected by general consent or acclamation at the annual meeting. |
| Form 990, Part VI, Section A, line 7b | Various decisions made by the Board of Directors for a credit union are subject to approval by the members of the credit union as set forth in NCUA rules and regulations and applicable state regulations. |
| Form 990, Part VI, Section B, line 11 | The Credit Union has contracted with a certified public accounting firm for assistance in completion of the Form 990. As part of the firm's processes, the Form 990 is reviewed by two partners. The completed Form 990 is also reviewed by credit union management prior to filing. The Chief Financial Officer presents the Form 990 to the Board of Directors at a monthly meeting prior to filing the Form 990. |
| Form 990, Part VI, Section B, line 12c | The Credit Union has a written ethics policy which addresses conflicts of interest. Directors, volunteers and management are required to make the Credit Union aware of any potential conflicts. Any issues are discussed with the key officers and those charged with governance for resolution. |
| Form 990, Part VI, Section B, line 15 | The Board of Directors conducts an annual performance review of the President/Chief Executive Officer and sets the compensation. The Board of Directors and the Board's Compensation Committee works closely with an independent and nationally recognized outside compensation consultant to provide the Board with expertise on reasonable, sound and competitive compensation practices to help it evaluate and compare the Credit Union's compensation program with that of its peers. In addition, the Credit Union utilizes local independent third-party resources inside and outside the credit union industry to obtain local and national market data for all management positions in the Credit Union. Working within the budget parameters established by the Board of Directors and utilizing independent market data and outside compensation consultants, the President/Chief Executive Officer approves the compensation for all other management positions within the Credit Union. |
| Form 990, Part VI, Section C, line 19 | The credit union's governing documents and conflict of interest policies may be available for review upon request at the credit union. Monthly financial statements are available upon request. Summarized financial information is available on the credit union's website. Quarterly financial data is accessible to the public at www.ncua.gov. |
| Part XII, Line 2c | The process has not changed from the prior year. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WESTERRA SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 EAST ALAMEDA AVENUE | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205873430 | EIN |
| Primary Activity | PROVIDING BUSINESS MGMT. SERVICES TO OTHER CREDIT UNIONS | PrimaryActivity |
| Legal Domicile State | CO | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WESTERRA CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 7823 | ShareOfTotalIncome |
| Share Of EOY Assets | 92923 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WESTERRA SERVICES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | O | TransactionType |
| Amount Involved | 305 | AmountInvolved |
| Method Of Amt Determination | Corporate accounting records | MethodOfAmtDetermination |
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