2012-11-08T19:00:16-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 840146595 BELLCO CREDIT UNION BELL 3036897800 PO BOX 6611 GREENWOOD VILLAGE CO 801556611 DOUGLAS FERRARO 2012-11-07 true DOUGLAS ORTH 3052328272 2011 2016-02-24 21:20:13Z DOUGLAS FERRARO 7600 E ORCHARD ROAD STE 400N GREENWOOD VILLAGE CO 80111 285727078 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. 9 8 543 11 162572 -209165 0 119516759 115102594 1727936 2418941 522366 1573310 121767061 119094845 0 0 22299233 24336743 0 0 80733278 68298698 103032511 92635441 18734550 26459404 1919940851 2069711484 1721978928 1844120321 197961923 225591163 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 false false false false true 117683 0 true 543 true true true false false false false false false X 9 8 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 X 1185 0 0 J PRANCAN 005.00 X 0 0 0 D POWERS 005.00 X 0 0 0 G LANDIS 004.00 X 0 0 0 W FLEMING 004.00 X 750 0 0 J DOWNS 004.00 X 1636 0 0 S KREIS 004.00 X 0 0 0 A MURRAY 004.00 X 1175 0 0 S ANGELIER 002.00 X 0 0 0 CD KIKUMOTO 002.00 X 0 0 0 T MCCONNELL 002.00 X 0 0 0 D FERRARO 040.00 X X 763839 0 144517 J PARGEON 040.00 X 163237 0 5303 J RUBY 040.00 X 218495 0 38862 G BURDICK 040.00 X 120839 0 15105 T STONEBRAKER 040.00 X 177299 0 28733 S SAGEHORN-ELLIOTT 040.00 X 209502 0 38823 L DOWNEY 040.00 X 198944 0 41618 D O'GORMAN 040.00 X 143221 0 8094 2000122 321055 16 false true false THE ROCHDALE GROUP 8700 INDIAN CREEK PARKWAY SUITE 120 OVERLAND PARK KS 66210 CONSULTANT 748224 PROTIVITI 12269 COLLECTIONS CENTER DR CHICAGO IL 60693 INTERNAL AUDIT 253751 APPRAISERLOFT LLC 1000 W TEMPLE ST 341042 LOS ANGELES CA 90012 APPRAISER 247715 THE LAW FIRM OF JOHN A LOBUS PC 710 KIPLING ST 402 LAKEWOOD CO 80215 LEGAL 237083 ALM FIRST FINANCIAL ADVISORS 2911 TURTLE CREEK BLVD STE 500 DALLAS TX 75219 CONSULTANT 128898 6 INCOME ON LOANS 522100 91682972 91682972 FEES/CHARGES/OTHER 522100 23257050 23257050 UNRELATED BUSINESS INCOME 524298 162572 162572 115102594 3032346 3032346 166018828 166632233 -613405 -613405 -613405 GAIN ON STOCK INVESTMENT 522210 178316 178316 MSR CAPITALIZATION 1323423 1323423 FORWARD SALE DERIVATIVE 71571 71571 1573310 119094845 118932273 162572 0 0 0 0 1544754 1544754 0 17250316 17250316 1119112 1119112 2987112 2987112 1435449 1435449 2968716 2968716 117334 117334 391920 391920 0 0 771371 771371 3902634 3902634 3631700 3631700 4319749 4319749 0 3651870 3651870 199155 199155 0 161028 161028 13621816 13621816 0 3756747 3756747 200369 200369 SEE ATTACHED SCHEDULE 30604289 30604289 0 92635441 92635441 28473217 230026805 274016745 168056 3931441 1942061 1118780 1099761 1430981492 1507949460 1403500 1086358 64689029 39237640 26629580 25451389 120104527 253488418 4535632 10108392 28745937 38390784 1919940851 2069711484 20594081 23934330 25000000 25000000 1676384847 1795185991 1721978928 1844120321 X 197961923 225591163 197961923 225591163 1919940851 2069711484 X 26459404 1169836 X false true true X false false 11322660 11322660 14316719 7212263 7104456 5821874 4890545 931329 22860844 17634027 5226817 10366932 9500805 866127 25451389 SHARES 291504297 SHARE DRAFTS 317308089 MONEY MARKET 619159107 CERTIFICATES 406940030 IRA ACCOUNTS 160274468 1795185991 119094845 92635441 26459404 1169836 1169836 27629240 X 2 FASB ASC 740-10-25 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 AND AS SUCH IS SUBJECT TO X 2 continued... UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. X 2 continued... CURRENTLY, THE 2010, 2009, AND 2008 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 562619 197000 4220 130030 14487 908356 807145 J PARGEON 142910 20327 5303 168540 J RUBY 184719 33500 276 20275 18587 257357 214119 T STONEBRAKER 151784 20100 5415 16276 12457 206032 179798 S SAGEHORN-ELLIOTT 179382 30000 120 19616 19207 248325 193648 L DOWNEY 167668 31000 276 18175 23443 240562 183064 D O'GORMAN 121213 21900 108 1809 6285 151315 111406 JOHN RUBY MORTGAGE X 210600 179657 false true true JOHN RUBY MORTGAGE X 34000 22206 false true true LEEANN DOWNEY MORTGAGE X 211000 173882 false false true LEEANN DOWNEY MORTGAGE X 190000 164902 false false true SANDRA SAGEHORN-ELLIOTT MORTGAGE X 350000 322678 false false true GAYLENE BURDICK MORTGAGE X 30000 25302 false false true GAYLENE BURDICK MORTGAGE X 49000 45633 false false true GAYLENE BURDICK MORTGAGE X 141500 136648 false false true GAYLENE BURDICK MORTGAGE X 22664 22411 false false true GAYLENE BURDICK MORTGAGE X 6500 6441 false false true 1099760 Form 990 Part VI 6 THE ORGANIZATION HAS MEMBERS. Form 990 Part VI 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 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 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part VI 7A CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Form 990 Part VI 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 XI 5 UNREALIZED GAIN ON AVAILABLE-FOR-SALE SECURITIES Form 990 Part VI Section A Line 6 THE ORGANIZATION HAS MEMBERS. 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 C Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part VI Section A Line 7A CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. 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 XI Line 5 UNREALIZED GAIN ON AVAILABLE-FOR-SALE SECURITIES BELLCO FINANCIAL SERVICES LLC PO BOX 6611 GREENWOOD VILLAGE CO 80155 820581022 FINANCIAL SERVICES CO 308761 N/A