Ent Credit Union
- Assets
- $8.7b
- Revenue
- $326.6m
- Investments
- $4.8m
- Employees
- 1,667
- Location
- Colorado Springs, CO
- Founding
- 08/1968
- Data as of
- 12/2021
- EIN
- 84-0470451
Organization Overview
Ent Credit Union is located in Colorado Springs, CO. The organization was established in 1968. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Ent Credit Union employed 1,667 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ent 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, Ent Credit Union generated $326.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $273.9m during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 6 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.
Since 2016, Ent Credit Union has awarded 197 individual grants totaling $7,683,709. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ENT CREDIT UNION IS TO HELP MEMBERS IMPROVE THEIR FINANCIAL QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENT CREDIT UNION SERVES ADAMS, ARAPAHOE, BOULDER, BROOMFIELD, DENVER, DOUGLAS, ELBERT, EL PASO, FREMONT, JEFFERSON, LARIMAR, PUEBLO, TELLER AND WELD COUNTIES. THE CREDIT UNION IMPROVES OUR MEMBERS' QUALITY OF LIFE BY OFFERING 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 449,298 MEMBERS. THERE WERE 97,483 LOANS GRANTED TOTALING $4,095,007,060. ENT CREDIT UNION CURRENTLY OFFERS 45 BRANCH LOCATIONS WITH A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, SHARED BRANCH NETWORK, AND ONLINE/MOBILE BANKING SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graves Chad M President / CEO | Officer | 40 | $1,660,618 |
Dombrowski Stephanie S Mgr-Producing Mlo | 40 | $1,536,959 | |
Stange Shirley D Mort Loan Officer-Ext | 40 | $1,033,037 | |
Gendron Matthew J Chief Engagement Officer | Officer | 40 | $978,790 |
Allman Gina L Mort Loan Officer-Ext | 40 | $916,721 | |
Scholes Richard A Chief Experience Officer | Officer | 40 | $895,125 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keys & Laurer Architects Architectural Planning And Design | 12/30/21 | $1,583,941 |
Alm First Financial Advisors Financial Advisory & Consulting | 12/30/21 | $979,175 |
Rightpoint Consulting Llc Consulting | 12/30/21 | $333,181 |
Orriant Llc Consulting & Wellness Services | 12/30/21 | $179,300 |
Synergy Appraisal Services Appraisals For Home Equity And Mortgage | 12/30/21 | $2,255,372 |
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 | $299,126,883 |
| Investment income | $6,332,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $524,926 |
| Net Rental Income | $58,784 |
| Net Gain/Loss on Asset Sales | $311,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,625,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,880,066 |
| 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. | $9,760,695 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,730,676 |
| Pension plan accruals and contributions | $10,812,059 |
| Other employee benefits | $17,688,641 |
| Payroll taxes | $8,120,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $302,404 |
| Fees for services: Accounting | $372,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,073 |
| Fees for services: Other | $8,649,884 |
| Advertising and promotion | $13,977,962 |
| Office expenses | $15,384,895 |
| Information technology | $12,147,249 |
| Royalties | $0 |
| Occupancy | $10,892,292 |
| Travel | $548,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,126,459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,539,549 |
| Insurance | $682,576 |
| All other expenses | $4,342,358 |
| Total functional expenses | $273,872,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,478,489 |
| Savings and temporary cash investments | $494,701,707 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,808,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,665,886,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,100,280 |
| Net Land, buildings, and equipment | $313,053,287 |
| Investments—publicly traded securities | $854,913,597 |
| Investments—other securities | $4,790,300 |
| Investments—program-related | $0 |
| Intangible assets | $8,666,667 |
| Other assets | $347,147,986 |
| Total assets | $8,749,547,485 |
| Accounts payable and accrued expenses | $134,082,118 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,861,256 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $148,525,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,551,397,132 |
| Total liabilities | $7,873,866,091 |
| Net assets without donor restrictions | $0 |
| 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 | $875,681,394 |
| Total liabilities and net assets/fund balances | $8,749,547,485 |
Grants Awarded
Over the last fiscal year, Ent Credit Union has awarded $1,395,406 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: GENERAL PURPOSE GRANT | $323,575 |
Aurora, CO PURPOSE: PARTNERSHIP AGREEMENT, CHIP IN FOR CHILDREN | $253,500 |
Denver, CO PURPOSE: GENERAL PURPOSE GRANT | $151,281 |
Fort Collins, CO PURPOSE: THE HOUSE THAT ENT BUILT, DONATION PPCF, AND BUILDING A STRONG FOUNDATION SPONSORSHIP | $110,000 |
Denver, CO PURPOSE: ARIA HOMES SPONSORSHIP | $100,000 |
Colorado Springs, CO PURPOSE: FY 22 SCHOLARSHIP, SPONSORSHIP OF PRESIDENT'S DINNER, JROTC SCHOLARSHIPS FOR KATRINA EICKHOFF, BERNADETTE FELTER AND AYSHIYON WOODS, BRIAN SMITH MILITARY AIR FORCE | $78,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ent Credit Union Colorado Springs, CO | $8,749,547,485 | $326,625,920 |
New Mexico Coalition To End Homelessness Santa Fe, NM | $1,084,317 | $5,251,117 |
Apartment Association Of Metro Denver Inc Greenwood Village, CO | $6,351,017 | $4,286,253 |
Barelas Community Coalition Inc Albuquerque, NM | $108,505 | $261,020 |
Utah Housing Coalition Inc Salt Lake City, UT | $238,476 | $307,553 |
Colorado Safe Parking Initiative Denver, CO | $138,860 | $319,603 |
East County Housing Opportunity Coalition Louisville, CO | $58,379 | $0 |
Ksitas Inc Longmont, CO | $0 | $0 |
Ursa Ogden, UT | $6,973 | $7,016 |