Mountain West Credit Union Association
- Assets
- $19.4m
- Revenue
- $5.6m
- Investments
- $13.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 04/1952
- Data as of
- 12/2021
- EIN
- 84-0375111
Organization Overview
Mountain West Credit Union Association is located in Denver, CO. The organization was established in 1952. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain West Credit Union Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Mountain West Credit Union Association generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 7.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT, PROMOTE AND PERPETUATE THE CREDIT UNION MOVEMENT IN ARIZONA, COLORADO AND WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES EDUCATION AND TRAINING PROGRAMS AND CONFERENCES FOR MEMBER CREDIT UNIONS. SUCH PROGRAMS AND CONFERENCES HELP CREDIT UNION STAFF, MANAGEMENT AND VOLUNTEERS DEVELOP THE SKILLS THEY NEED TO GROW THEIR CREDIT UNION.
THE ASSOCIATION'S ADVOCACY DEPARTMENT PROVIDES ARIZONA, COLORADO AND WYOMING CREDIT UNIONS WITH LEGISLATIVE, POLITICAL, GRASSROOTS, LEGAL AND REGULATORY SUPPORT. THE FUNCTION OF THE ADVOCACY TEAM IS TO CREATE A POSITIVE REGULATORY AND LEGISLATIVE ENVIRONMENT FOR STATE AND FEDERALLY CHARTERED CREDIT UNIONS.
THE ASSOCIATION ALSO PROVIDES COMPLIANCE ADVICE AND WEEKLY COMMUNICATION TO ITS CREDIT UNION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Earl President/ceo | Officer | 20 | $0 |
Dan Santangelo Senior VP | Officer | 28 | $0 |
Tim Dore Senior VP | Officer | 40 | $0 |
Shaun Ongstad Senior VP | Officer | 20 | $0 |
Mark Robey Senior VP | Officer | 24 | $0 |
Todd Marksberry Chairman | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Broadmoor Hotel & Convention | 12/30/18 | $349,632 |
Peregrine Leadership Institute Education | 12/30/18 | $153,408 |
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 | $4,637,892 |
| Investment income | $94,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $471,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,605,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,165 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,344,905 |
| Pension plan accruals and contributions | $223,779 |
| Other employee benefits | $304,509 |
| Payroll taxes | $167,703 |
| Fees for services: Management | $156,754 |
| Fees for services: Legal | $5,430 |
| Fees for services: Accounting | $12,092 |
| Fees for services: Lobbying | $270,641 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,152 |
| Fees for services: Other | $29,548 |
| Advertising and promotion | $45,127 |
| Office expenses | $54,337 |
| Information technology | $422 |
| Royalties | $0 |
| Occupancy | $199,357 |
| Travel | $145,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,600 |
| Interest | $0 |
| Payments to affiliates | $265,627 |
| Depreciation, depletion, and amortization | $207,892 |
| Insurance | $23,984 |
| All other expenses | $11,897 |
| Total functional expenses | $5,240,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,106,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $154,208 |
| Net Land, buildings, and equipment | $606,042 |
| Investments—publicly traded securities | $4,318,437 |
| Investments—other securities | $13,108,964 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,310 |
| Total assets | $19,431,586 |
| Accounts payable and accrued expenses | $895,837 |
| Grants payable | $0 |
| Deferred revenue | $80,417 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $226,723 |
| Total liabilities | $1,202,977 |
| Net assets without donor restrictions | $18,228,609 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,431,586 |
Grants Awarded
Over the last fiscal year, Mountain West Credit Union Association has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: TO CONDUCT CUTTING-EDGE ACTIONABLE RESEARCH TO INCREASE LEARNING AND TRANSFORM ORGANIZATIONS. | $10,000 |
Manchester, NH PURPOSE: 2020 SUSTAINING MEMBERSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mountain West Credit Union Association has recieved totaling $7,509.
| Awarding Organization | Amount |
|---|---|
Truwest Credit Union Tempe, AZ PURPOSE: UNRESTRICTED | $7,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain West Credit Union Association Denver, CO | $19,431,586 | $5,605,169 |
Nebraska Bankers Association Inc Lincoln, NE | $5,275,821 | $4,826,701 |
Heartland Credit Union Association Overland Park, KS | $10,336,481 | $4,005,798 |
Kansas Rural Water Association Seneca, KS | $9,482,087 | $3,142,170 |
Rural Water Association Of Utah Alpine, UT | $1,806,143 | $3,088,618 |
Nebraska Association Of County Officials Lincoln, NE | $12,458,539 | $2,857,892 |
New Mexico Rural Electrification Cooperative Association Inc Santa Fe, NM | $642,696 | $1,814,637 |
Brotherhood Of Railroad Signalmen Omaha, NE | $1,016,898 | $1,119,271 |
Federation Of Chiropractic Licensing Board Greeley, CO | $2,841,286 | $1,327,561 |
Rural Water Association Of Arizona Apache Junction, AZ | $676,168 | $1,021,732 |
American Association Of Zoo Keepers Tucson, AZ | $674,722 | $475,089 |
Utah Tourism Industry Association Monticello, UT | $186,365 | $424,021 |