Credit Unions Chartered In The State Of Colorado
- Assets
- $9.8b
- Revenue
- $406.1m
- Investments
- $50.2m
- Employees
- 1,790
- Location
- Colorado Springs, CO
- Founding
- 08/1968
- Data as of
- 12/2022
- EIN
- 84-0470451
Organization Overview
Credit Unions Chartered In The State Of Colorado, operating under the name Ent Credit Union, is located in Colorado Springs, CO. The organization was established in 1968. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Ent Credit Union employed 1,790 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ent 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 12/2022, Ent Credit Union generated $406.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $334.1m during the year ending 12/2022. While expenses have increased by 14.5% 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.
Since 2016, Ent Credit Union has awarded 256 individual grants totaling $9,593,544. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ENT CREDIT UNION IS TO HELP MEMBERS IMPROVE THEIR FINANCIAL QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENT CREDIT UNION SERVES 21 COUNTIES THROUGHOUT COLORADO, ALONG THE FRONT RANGE. THE CREDIT UNION IMPROVES OUR MEMBERS' FINANCIAL QUALITY OF LIFE BY OFFERING A FULL ARRAY OF PRODUCTS AND SERVICES, INCLUDING DEPOSITORY AND LOAN PRODUCTS, ATM/DEBIT PROGRAM, FINANCIAL EDUCATION, INSURANCE, AND INVESTMENT SALES. WE ENDED THE YEAR WITH 501,424 MEMBERS. THERE WERE 100,219 LOANS GRANTED TOTALING $4,815,970,169. ENT CREDIT UNION CURRENTLY OFFERS 50 BRANCH LOCATIONS WITH A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, SHARED BRANCH NETWORK, AND ONLINE MOBILE BANKING SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ayen William Chairman | Trustee | 1 | $66,739 |
Chandler Debbie Treasurer | Trustee | 1 | $62,388 |
Drummer Tim Director | Trustee | 1 | $57,095 |
Glover Walter Director | Trustee | 1 | $55,000 |
Henz Kay Director | Trustee | 1 | $40,000 |
Kalletta Richard Director | Trustee | 1 | $56,498 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keys & Laurer Architects Architectural Planning And Design | 12/30/22 | $986,429 |
Alm First Financial Advisors Financial Advisory & Consulting | 12/30/22 | $642,389 |
Ideo Lp Consulting | 12/30/22 | $260,000 |
Elevation Corporate Health Llc Fitness Center Management | 12/30/22 | $207,550 |
Orriant Llc Consulting & Wellness Services | 12/30/22 | $196,695 |
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 | $374,507,524 |
| Investment income | $15,506,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $541,362 |
| Net Rental Income | $63,808 |
| Net Gain/Loss on Asset Sales | $2,125,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,110,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,946,550 |
| Grants and other assistance to domestic individuals. | $152,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,094,426 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,712,437 |
| Pension plan accruals and contributions | $12,227,872 |
| Other employee benefits | $21,088,235 |
| Payroll taxes | $9,780,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,913 |
| Fees for services: Accounting | $540,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,694 |
| Fees for services: Other | $8,264,427 |
| Advertising and promotion | $11,972,844 |
| Office expenses | $15,208,809 |
| Information technology | $13,743,623 |
| Royalties | $0 |
| Occupancy | $12,513,859 |
| Travel | $826,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,454,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,622,289 |
| Insurance | $861,188 |
| All other expenses | $5,999,381 |
| Total functional expenses | $334,117,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,631,601 |
| Savings and temporary cash investments | $149,528,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,673,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,325,270,423 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,349,764 |
| Net Land, buildings, and equipment | $324,516,924 |
| Investments—publicly traded securities | $676,099,368 |
| Investments—other securities | $50,190,000 |
| Investments—program-related | $0 |
| Intangible assets | $8,333,333 |
| Other assets | $205,833,824 |
| Total assets | $9,803,426,888 |
| Accounts payable and accrued expenses | $148,893,835 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $42,798,144 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $955,223,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,764,423,749 |
| Total liabilities | $8,911,339,209 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $892,087,679 |
| Total liabilities and net assets/fund balances | $9,803,426,888 |
Grants Awarded
Over the last fiscal year, Credit Unions Chartered In The State Of Colorado has awarded $1,391,680 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ARAPAHOE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $25,000 |
CHILDREN'S HOSPITAL COLORADO FOUNDATION PURPOSE: PARTNERSHIP AGREEMENT | $202,750 |
COLORADO SPRINGS UTILITIES FOUNDATION PURPOSE: PROJECT COPE | $10,000 |
CARE & SHARE INC PURPOSE: HOPE SPONSORSHIP, SEND HUNGER PACKING, EMPLOYER MATCHING GENERAL CONTRIBUTIONS | $105,300 |
COLORADO YOUTH FOR A CHANGE PURPOSE: EDUCATIONAL RECOVERY PROGRAM | $10,000 |
FORT COLLINS HABITAT FOR HUMANITY OF TELLER COUNTY PURPOSE: BUILD THE CHANGE SPONSORSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Colorado Colorado Springs, CO | $9,803,426,888 | $406,110,668 |
Apartment Association Of Metro Denver Inc Greenwood Village, CO | $8,133,603 | $4,459,280 |
New Mexico Coalition To End Homelessness Santa Fe, NM | $1,348,487 | $4,440,518 |
Colorado Safe Parking Initiative Denver, CO | $501,337 | $638,370 |
Just Communities Arizona Tucson, AZ | $229,255 | $689,369 |
Utah Housing Coalition Inc Salt Lake City, UT | $134,746 | $268,827 |
East County Housing Opportunity Coalition Louisville, CO | $77,815 | $0 |
Shelterjh Jackson, WY | $66,605 | $0 |
Barelas Community Coalition Inc Albuquerque, NM | $122,155 | $0 |
Delia Foundation Anthem, AZ | $3,568 | $0 |
Ksitas Inc Longmont, CO | $0 | $0 |
Ursa Ogden, UT | $4,789 | $23 |