Credit Unions Chartered In The State Of Colorado

Organization Overview

Credit Unions Chartered In The State Of Colorado is located in Arvada, CO. The organization was established in 1968. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Credit Unions Chartered In The State Of Colorado employed 145 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions Chartered In The State Of Colorado is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2022, Credit Unions Chartered In The State Of Colorado generated $100.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $49.1m during the year ending 12/2022. While expenses have increased by 15.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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 MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 35,000 MEMBERS SERVED.


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Board, Officers & Key Employees

Name (title)Compensation
Alvin Lujan
Director
$39,000
Toby Rampa
Secretary/treasurer
$45,000
Linda Head
Chairperson
$51,000
Linda Pounds
Director
$22,750
Travis Bray
Director
$39,000
Julie Towers
Director
$39,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vai Llc
Legal Services
$5,061,219
Corwin Toyota Boulder
Indirect Auto Dealer
$516,041
Ad Miller Services Inc
Construction
$452,912
Valuetec Financial & Comm Industries Ll
Atm Machine Servicing
$385,768
Jack Henry And Associates
Core System Fees
$374,396
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$27,654,920
Investment income $3,551,566
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $69,032,012
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $100,266,157

Peer Organizations

Organization NameAssets
One Az Credit Union
Phoenix, AZ
$127,189,432
Ttcu Federal Credit Union
Tulsa, OK
$133,134,876
Credit Union Of America
Wichita, KS
$93,587,830
Truwest Credit Union
Tempe, AZ
$92,658,143
Credit Unions Chartered In The State Of Colorado
Denver, CO
$72,674,242
Arizona Financial Credit Union
Phoenix, AZ
$80,017,866
Credit Unions In State Of Arizona
Glendale, AZ
$73,825,794
Credit Unions Chartered In The State Of Colorado
Broomfield, CO
$64,549,250
Golden Plains Credit Union
Garden City, KS
$60,592,739
Credit Unions Chartered In The State Of Colorado
Arvada, CO
$100,266,157
Azura Credit Union
Topeka, KS
$49,794,274
Meritrust Federal Credit Union
Wichita, KS
$48,306,293
Credit Unions In The State Of New Mexico
Albuquerque, NM
$50,914,383
True Sky Federal Credit Union
Oklahoma City, OK
$47,281,663
Weokie Federal Credit Union
Oklahoma City, OK
$42,986,888
Del Norte Credit Union
Los Alamos, NM
$45,843,178
Millennium Corporate Credit Union
Wichita, KS
$50,281,305
Credit Unions In The State Of New Mexico
Santa Fe, NM
$48,283,901
Arizona Central Credit Union
Phoenix, AZ
$38,271,912
Credit Unions Chartered In The State Of Colorado
Lakewood, CO
$40,883,372
Credit Unions In The State Of New Mexico
Albuquerque, NM
$35,859,928
Oklahomas Credit Union
Oklahoma City, OK
$35,089,977
Oklahoma Central Credit Union
Tulsa, OK
$34,863,456
Heartland Credit Union
Hutchinson, KS
$32,731,049
First Credit Union
Chandler, AZ
$30,610,743

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