Bellco Credit Union

Organization Overview

Bellco Credit Union is located in Greenwood Village, 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 12/2019, Bellco Credit Union employed 351 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bellco 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 12/2019, Bellco Credit Union generated $254.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $208.6m during the year ending 12/2019. While expenses have increased by 13.7% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Diebold Inc
Atm Equipment
$2,031,751
Emico Media
Marketing
$1,887,135
Unico Laird Norton Jv Two Llc
Building Management
$1,742,859
Visa Usa
Credit Card Processing
$1,530,000
Fis Card Services
Financial Services
$1,416,877
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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$230,233,298
Investment income $21,144,188
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $191,227
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $254,737,778

Peer Organizations

Organization NameAssets
Bellco Credit Union
Greenwood Village, CO
$254,737,778
Community America Credit Union
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$191,438,836
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Meritrust Credit Union
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Westerra Credit Union
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Truwest Credit Union
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$69,985,415
Credit Union Of America
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$61,355,535
Credit Unions Chartered In The State Of Colorado
Boulder, CO
$60,792,013

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