Elevations Credit Union

Organization Overview

Elevations Credit Union is located in Boulder, 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, Elevations Credit Union employed 673 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Elevations 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, Elevations Credit Union generated $149.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $121.8m during the year ending 12/2019. While expenses have increased by 11.0% 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

WE PROVIDE SOLUTIONS FOR A BETTER LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELEVATIONS CREDIT UNION SERVES ADAMS, ARAPAHOE, BOULDER, BROOMFIELD, DENVER, DOUGLAS, JEFFERSON, LARIMER AND WELD COUNTIES. THE CREDIT UNION OFFERS 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 143,850 MEMBERS AND 176,692 SHARE ACCOUNTS. THERE WERE 15,580 LOANS GRANTED TOTALING $1,786,105,404. ELEVATIONS CURRENTLY OFFERS 13 BRANCH LOCATIONS AND A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, CUSN AND ONLINE BANKING OFFERINGS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Neenan Company Llp
Construction
$7,315,121
Cu Cooperative Systems Inc
Card Processing
$2,341,798
Dovenmuehle (Dmi)
Mortgage Subservicing
$2,188,700
Ncr Corporation
Online Banking
$1,932,599
Augeo Consumer Engagement Services
Credit Card Rewards
$1,232,935
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$130,738,518
Investment income $8,184,076
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,524,177
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $149,375,954

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