Credit Unions Chartered In The State Of Colorado

Organization Overview

Credit Unions Chartered In The State Of Colorado, operating under the name SunWest Credit Union, is located in Pueblo, 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 12/2021, SunWest Credit Union employed 47 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. SunWest Credit Union 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 12/2021, SunWest Credit Union generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUNWEST CREDIT UNION WILL CREATE A PLACE WHERE PEOPLE FEEL THEY BELONG AND CAN HAVE ALL OF THEIR FINANCIAL NEEDS MET, PROACTIVELY ENGAGE WITH OUR MEMBERS AND OUR COMMUNITY, OFFER EASILY ACCESSIBLE FINANCIAL PRODUCTS AND SERVICES THAT MEET OUR MEMBERS' NEEDS, AND GROW OUR FINANCIAL STRENGTH SO WE CAN CONTINUOUSLY DEVELOP OFFERINGS RELEVANT TO OUR MEMBERS' CHANGING LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREATE A PLACE WHERE PEOPLE FEEL THEY BELONG AND CAN HAVE ALL OF THEIR FINANCIAL NEEDS MET, WHILE PROACTIVELY ENGAGING WITH OUR MEMBERS AND OUR COMMUNITY. OFFER EASILY ACCESSIBLE FINANCIAL PRODUCTS AND SERVICES THAT MEET OUR MEMBERS' NEEDS WHILE GROWING OUR FINANCIAL STRENGTH SO WE CAN CONTINUOUSLY DEVELOP OFFERINGS RELEVANT TO OUR MEMBERS' CHANGING LIVES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jack Henry & Associates Inc
Information Services
$247,502
Fidelity National Information Services Inc
Card Services
$241,001
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$6,763,024
Investment income $776,606
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $55,660
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,604,912

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