Credit Union Of Denver

Organization Overview

Credit Union Of Denver is located in Lakewood, 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, Credit Union Of Denver employed 180 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Union Of Denver 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, Credit Union Of Denver generated $39.9m 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 $26.4m during the year ending 12/2021. While expenses have increased by 2.1% 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 BE A TRUSTED PARTNER FOR OUR MEMBERS IN REACHING THEIR FINANCIAL GOALS BY PROVIDING SUPERIOR VALUE, PRODUCTS AND SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION IS OWNED BY APPROXIMATELY 66,000 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, MORTGAGE LENDING, CHECKING, SAVINGS, CERTIFICATE, AND IRA ACCOUNTS, ATM, DEBIT AND CREDIT CARDS, AND OTHER FINANCIAL SERVICES. THE CREDIT UNION RETURNED APPROXIMATELY $4.8 MILLION IN THE FORM OF INTEREST AND DIVIDENDS BY OFFERING COMPETITIVE SAVINGS PRODUCTS.


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Board, Officers & Key Employees

Name (title)Compensation
Keith Cowling
CEO
$421,141
Scott Collins
CFO
$223,097
Tamara Dankers
COO
$199,006
Chris Wallace
Cso
$194,754
David Dilley
Clo
$185,990
Donna Riley
VP It / Fin Sys
$166,248

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Connect Financial Llc
Online Banking
$358,409
Doxim Inc
Stmt Proc & Mailing
$247,398
Performance Enhancements
It Services And Equipment
$219,929
Fiserv Solutions Inc
Core System Process
$507,925
Itainium
It Services And Equipment
$192,198
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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$32,473,236
Investment income $4,944,592
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $227,906
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,919,680

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