Credit Unions Chartered In The State Of Colorado

Organization Overview

Credit Unions Chartered In The State Of Colorado is located in Broomfield, 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 Unions Chartered In The State Of Colorado employed 278 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions Chartered In The State Of Colorado 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 Unions Chartered In The State Of Colorado generated $57.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $50.1m during the year ending 12/2021. While expenses have increased by 7.8% 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 PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 77,000 MEMBERS SERVED.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Explore Communications
Marketing
$1,508,309
Ad Miller Services Inc
Construction
$800,529
Diebold Incorporated
Technology
$855,340
Alkami Technology
Technology
$1,073,892
The Neenan Company Lllp
Construction
$1,382,293
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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$50,497,546
Investment income $3,379,113
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $99,465
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $57,634,628

Peer Organizations

Organization NameAssets
One Az Credit Union
Phoenix, AZ
$105,409,190
Ttcu Federal Credit Union
Tulsa, OK
$123,227,030
Vantage West Credit Union
Tucson, AZ
$106,118,675
Westerra Credit Union
Denver, CO
$60,087,395
Truwest Credit Union
Tempe, AZ
$64,029,017
Credit Union Of America
Wichita, KS
$72,395,937
Credit Unions Chartered In The State Of Colorado
Broomfield, CO
$57,634,628
Meritrust Credit Union
Wichita, KS
$48,306,293
True Sky Credit Union
Oklahoma City, OK
$47,281,663
Credit Unions In State Of Arizona
Glendale, AZ
$47,143,966
Weokie Federal Credit Union
Oklahoma City, OK
$42,986,888
Credit Unions In The State Of New Mexico
Albuquerque, NM
$41,680,287

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