Community Choice Credit Union

Organization Overview

Community Choice Credit Union is located in Commerce City, CO. The organization was established in 1968. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Community Choice Credit Union employed 31 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Choice 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, Community Choice Credit Union generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 4.6% 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

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 6,200 MEMBERS SERVED.


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Board, Officers & Key Employees

Name (title)Compensation
Rainy Thoen
CEO
$234,048
Keli Ginter
COO
$112,883
Loretta Thomas
CFO
$105,311
Michelle Craft
Cio
$101,954
Barbara Peters
Secretary
$0
Debra Larsen
Chairperson
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cu Cooperative Systems Inc
Interbank Network
$166,845
Kaiser Permanente
Health Insurance
$102,344
Cu Podigy
Computer Processing
$109,184
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$2,968,487
Investment income $236,699
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $462,088
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,746,307

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Community Choice Credit Union has recieved totaling $16,760.

Awarding OrganizationAmount
Mountain West Credit Union Foundation

Denver, CO

PURPOSE: UNDERSERVED AUTO & HOME LOAN PROGRAM

$16,760
View Grant Recipient Profile

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