CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO (EIN 84-0405947)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-21
- IRS object ID
- 201243269349300619
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-21T13:17:47-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840405947 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DENVER COMMUNITY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DENV | NameControl |
| Phone | 3035731170 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 ACOMA STREET | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80204 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHANE SILVERNALE | Name |
| Title | CFO | Title |
| Phone | 3035731170 | Phone |
| Date Signed | 2012-11-13 | 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 | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | X | InitialReturn |
| Name Of Principal Officer Person | SHANE SILVERNALE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 ACOMA STREET | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15411580 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.DENVERCOMMUNITY.COOP | 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 | 98 | TotalNbrEmployees |
| Total Nbr Volunteers | 9 | TotalNbrVolunteers |
| Total Gross UBI | 78157 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -22626 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15101281 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13345534 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 700646 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1520287 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 78157 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15801927 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14943978 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4094221 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4026809 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11345035 | OtherExpensePriorYear |
| Other Expenses Current Year | 7913383 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15439256 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11940192 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 362671 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3003786 | RevenuesLessExpensesCY |
| Total Assets BOY | 218343692 | TotalAssetsBOY |
| Total Assets EOY | 222903721 | TotalAssetsEOY |
| Total Liabilities BOY | 192320739 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 193629499 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 26022953 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 29274222 | 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 29,750 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 | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | 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 | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 98 | 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 | 0 | 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 | 3035731170 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 ACOMA STREET | AddressLine1 |
| City | DENVER | City |
| State | CO | State |
| ZIP Code | 80204 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JANICE M CORNELL | ||||||
| CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |
| MORRIS E MURRAY | ||||||
| VICE-CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |
| HELEN GONZALES | ||||||
| SECRETARY/TREASURER | 2.00 | X | 0 | 0 | 0 | |
| DR MICHAEL POULOS | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| TRACY HOWARD | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| CAROLYN LAWSON | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| JAMES DIPAOLO | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| CARLA HEDRICK | ||||||
| PRESIDENT / CEO | 40.00 | 260000 | 0 | 14100 | X | |
| SHANE SILVERNALE | ||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 144500 | 0 | 5977 | X | |
| TERESSA BONFANTE | ||||||
| CHIEF OPERATIONS OFFICER | 40.00 | 127917 | 0 | 5308 | X | |
| MARY ELLEN LITZAU | ||||||
| CHIEF CORPORATE OFFICER | 40.00 | 121919 | 0 | 6907 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 654336 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 32292 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | 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 |
|---|---|---|---|---|---|
| TRI-CUE | |||||
| PO BOX 271939 | FT COLLINS | CO | 80527 | DATA PROCESSOR | 501917 |
| CO-OP | |||||
| 9692 HAVEN AVE | RANCHO CUCAMONGA | CA | 91730 | ATM-DEBIT CARD PROCESSING AND TRNANSACTI | 273432 |
| VISA USA | |||||
| PO BOX 8999 | SAN FRANCISCO | CA | 94128 | VISA FEE, SETTLEMENT SERVICE AND MEMBERS | 218210 |
| INFOIMAGE | |||||
| 141 JEFFERSON DRIVE | MENLO | CA | 94025 | MAILING SERVICE | 142314 |
| TSG | |||||
| 5941 S MIDDLEFIELD 100 | LITTLETON | CO | 80123 | 1ST MORTGAGE SERVICES | 138701 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON LOANS TO M | 522100 | 8805057 | 8805057 |
| FEES AND CHARGES | 522100 | 2904328 | 2904328 |
| OTHER INCOME | 522100 | 1636149 | 1636149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13345534 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 788406 | TotalRevenueColumn |
| Exclusion | $788,406 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1199483 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 467602 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 731881 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 731881 | TotalRevenueColumn |
| Related Or Exempt Function Income | 731881 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NON-MEMBER ATM FEES | Description |
| Business Code | 525990 | BusinessCode |
| Total Revenue Column | 78157 | TotalRevenueColumn |
| Unrelated Business Revenue | 78157 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 78157 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14943978 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14077415 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 78157 | UnrelatedBusinessRevenue |
| Exclusion | $788,406 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 654336 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2736167 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84182 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 284539 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 267585 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3684 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112957 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49559 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195324 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1232617 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 519435 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74012 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 238 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 530674 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43174 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| INTEREST AND DIVIDENDS | 2410410 |
| LOAN SERVICING EXPENSE | 1549863 |
| PROVISION FOR LOAN LOSS | 659133 |
| NCUSIF/CORPORATE STABIL | 467774 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64529 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11940192 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2240048 | BOY |
| EOY | 1972104 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21895973 | BOY |
| EOY | 22797211 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 223716 | BOY |
| EOY | 116112 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1646863 | BOY |
| EOY | 1545201 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135989921 | BOY |
| EOY | 131021363 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 17947528 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7038100 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11305528 | BOY |
| EOY | 10909428 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33040478 | BOY |
| EOY | 39582267 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 507300 | BOY |
| EOY | 1354100 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2873125 | BOY |
| EOY | 4816684 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8620740 | BOY |
| EOY | 8789251 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 218343692 | BOY |
| EOY | 222903721 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2055782 | BOY |
| EOY | 2574741 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190264957 | BOY |
| EOY | 191054758 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192320739 | BOY |
| EOY | 193629499 | 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 | 3454043 | BOY |
| EOY | 3454043 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22568910 | BOY |
| EOY | 25820179 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26022953 | BOY |
| EOY | 29274222 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 218343692 | BOY |
| EOY | 222903721 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3003786 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 247483 | 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 |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3230479 | OtherCostOrOtherBasis |
| Book Value | 3230479 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8660571 | OtherCostOrOtherBasis |
| Depreciation | 2235108 | Depreciation |
| Book Value | 6425463 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1620522 | OtherCostOrOtherBasis |
| Depreciation | 714490 | Depreciation |
| Book Value | 906032 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4435956 | OtherCostOrOtherBasis |
| Depreciation | 4088502 | Depreciation |
| Book Value | 347454 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10909428 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBERS' SHARE AND DEPOSIT ACCOUNTS | Description |
| Amount | $191,054,758 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 191054758 | TotalOfAmounts |
| Total Revenue | 14943978 | TotalRevenue |
| Total Expenses | 11940192 | TotalExpenses |
| Excess Or Deficit For Year | 3003786 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 247483 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 247483 | TotalAdjustments |
| Excess Or Deficit Per FS | 3251269 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15020550 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 15020550 | RevenueSubtotal |
| Other Revenues Not Included | -76572 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -76572 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 14943978 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12016764 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12016764 | ExpensesSubtotal |
| Other Expenses Not Included | -76572 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -76572 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 11940192 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF FIXED ASSETS -76,572. |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF FIXED ASSETS -76,572. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CARLA HEDRICK | |||||||||||||
| 250000 | 0 | 10000 | 0 | 0 | 0 | 9800 | 0 | 4300 | 0 | 274100 | 0 | 0 | 0 |
| SHANE SILVERNALE | |||||||||||||
| 134500 | 0 | 10000 | 0 | 0 | 0 | 5782 | 0 | 195 | 0 | 150477 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (4 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| CARLA HEDRICK | ||||||
| HOME LOAN | X | $341,125 | 304759 | 0 | 1 | 1 |
| SHANE SILVERNALE | ||||||
| HOME LOAN | X | $538,750 | 500326 | 0 | 1 | 1 |
| TERESA BONFANTE | ||||||
| HOME LOAN | X | $305,000 | 229611 | 0 | 1 | 1 |
| MARY ELLEN LITZAU | ||||||
| HOME LOAN | X | $600,000 | 510505 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1545201 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| TRI-CUE | |||
| MANAGEMENT OF THE CREDIT UNION SITS ON THE BOARD OF DIRECTORS OF THE ENTITY | 501917 | DATA PROCESSOR | 0 |
| CUSN | |||
| MANAGEMENT OF THE CREDIT UNION SITS ON THE BOARD OF DIRECTORS OF THE ENTITY | 260167 | PROCESSING FEES AND MONTHLY ISSUER | 0 |
| CUDC | |||
| MANAGEMENT OF THE CREDIT UNION SITS ON THE BOARD OF DIRECTORS OF THE ENTITY | 182118 | ORIGINATION FEES | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE FIELD OF MEMBERSHIP OF THE CREDIT UNION INCLUDES: MEMBERS OF RECORD OF THE CREDIT UNION AS OF THE EFFECTIVE DATE OF ITS CONVERSION TO STATE CHARTER, PERSONS WHO LIVE OR WORK AND LEGAL ENTITIES LOCATED IN THE COUNTIES OF DENVER, ADAMS, AND ARAPAHOE, COLORADO AND EMPLOYEES OF THE CREDIT UNION, MEMBERS OF THE IMMEDIATE FAMILY OF ANY PERSON WHO, UNDER THE PROVISIONS OF THIS SECTION, IS ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION MAY BE ADMITTED TO MEMBERSHIP THEREIN (IMMEDIATE FAMILY MEANS PERSONS RELATED BY BLOOD, MARRIAGE, OR 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 MAY INCLUDE ANY SMALL GROUP THAT HAS A COMMON BOND OF EMPLOYMENT OR ASSOCIATION PROVIDED THAT SAID GROUP HAS BEEN ACCEPTED IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE DIVISION OF FINANCIAL SERVICES. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE FOR MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN 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. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR, (GENERALLY IN MAY) THE CHIEF CORPORATE OFFICER (CCO) MEETS WITH THE BOARD OF DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY. DIRECTORS ARE GIVEN THE OPPORTUNITY TO ASK QUESTION AND THEN ASKED TO SIGN A COPY OF THE POLICY FOR THE FILE. EMPLOYEES AND MANAGERS RECEIVE A COPY OF THE CODE OF CONDUCT AND CONFLICT OF INTEREST AT TIME OF HIRE AND THEN THIS IS REVIEWED AGAIN PERIODICALLY AT THE ALL STAFF MEETING AND NEW SIGNATURES ARE OBTAINED. EMPLOYEES, MANAGEMENT AND THE BOARD OF DIRECTORS ARE ASKED TO SHARE UP FRONT ANY POTENTIAL CONFLICTS OF INTEREST. ACCOUNTS ASSOCIATED WITH EMPLOYEES, MANAGEMENT AND BOARD OF DIRECTORS ARE FLAGGED AS EMPLOYEE OR VOLUNTEER ACCOUNTS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | DENVER COMMUNITY CREDIT UNION USES THE COMPEASE PROGRAM FOR SALARY ADMINISTRATION. THE PROGRAM IDENTIFIES RANGES BASED ON LEVELS OF RESPONSIBILITY FOR THE POSITION IN THE AREAS OF: EXPERIENCE, EDUCATION, MANAGERIAL RESPONSIBILITY, INTERPERSONAL SKILLS, INDEPENDENT JUDGMENT, MENTAL PROCESS, ORGANIZATIONAL IMPACT, AND ORGANIZATIONAL RESTRAINT. ANNUAL UPDATES TO SALARY RANGES ARE RECEIVED FROM COMPEASE. MID-RANGE OF EACH GRADE IS CONSIDERED MARKET PRICE FOR POSITIONS WITHIN THAT GRADE. FOR THE CEO POSITION: IN JANUARY, COMPENSATION DATA FROM COMPEASE, AS WELL AS SALARY SURVEY INFORMATION FROM MOUNTAINS STATES EMPLOYERS COUNCIL AND FROM CUES (CREDIT UNION EXECUTIVE SOCIETY), IS PROVIDED TO THE BOARD OF DIRECTORS BY THE CHIEF CORPORATE OFFICER, ALONG WITH ANY PERTINENT ARTICLES REGARDING CEO COMPENSATION. THE DIRECTORS INDIVIDUALLY COMPLETE A PERFORMANCE REVIEW FORM RATING THE CEO IN OVERALL ASSESSMENT, PERFORMANCE OBJECTIVES, AND STRATEGIC POSITIONING. THE BOARD CHAIR COMBINES THE RATINGS AND PREPARES THE NARRATIVE. THE BOARD MEETS IN EXECUTIVE SESSION TO DETERMINE THE SALARY AND/OR BONUS TO BE PAID. THE REVIEW IS DELIVERED BY THE CHAIRMAN. ANY SALARY INCREASES ARE EFFECTIVE JANUARY 1 AS DEFINED IN THE CEO CONTRACT. FOR EXECUTIVE MANAGEMENT POSITIONS: A SIMILAR FORMAT PERFORMANCE EVALUATION IS COMPLETED ON EXECUTIVE MANAGERS BY THE CEO. SALARY INCREASES BASED ON PERFORMANCE AND LENGTH OF TENURE IN POSITION AND PLACEMENT IN THE GRADE ARE MADE BY THE CEO. ALL REVIEWS AND INCREASES ARE TO BE COMPLETED BY THE FIRST PAY PERIOD IN MARCH. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE 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. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 247,483. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C | SELECTION OF THE AUDITORS AND OVERSIGHT OF THE AUDITORS IS DONE BY THE SUPERVISORY COMMITTEE. THERE WERE NO CHANGES TO THE SELECTION OR OVERSIGHT PRACTICES DURING 2011. |
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