Credit Unions Chartered In the State of Colorado
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Credit Unions Chartered In the State of Colorado is a 501(c)(14) organization based in Greenwood Vlg, Colorado, registered in 1968, with $496,693,327 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
7600 E Orchard Rd Ste 400n, Greenwood Vlg, CO, 80111 EIN 84-0146595 Since 1968
Revenue (FY2024)
$496.7M
▲ 20.6% vs prior year
Expenses (FY2024)
$444.3M
Net assets
$752.8M
Employees
383
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Credit Unions Chartered In the State of Colorado: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Credit Unions Chartered In the State of Colorado: 20 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Credit Unions Chartered In the State of Colorado: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Credit Unions Chartered In the State of Colorado: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Bellco is a progressive, member-owned organization that provides competitive financial services to meet evolving member needs. we will sustain planned growth to fund the future while maintaining member confidence through financial stability. we will provide a challenging and rewarding environment for our employees and contribute to the social and economic well being of our community.
Contact & location
- Address
- 7600 E Orchard Rd Ste 400n, Greenwood Vlg, CO, 80111
- City
- Greenwood Vlg
- State
- Colorado
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $131.0M (FY2013) to $496.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.8BNet assets $752.8M
Operating margin
10.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.6B
Total liabilities
$7.8B
Net assets
$752.8M
Salaries & benefits
$46.5M
10% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $496,693,327▲20.6% | $444,339,363▲20.7% | $752,821,479▲7.5% | $8,591,833,461▲4.0% | 990 |
| 2023 | $411,740,872▲43.5% | $368,123,468▲83.7% | $700,397,763▲7.6% | $8,259,004,929▲12.2% | 990 |
| 2022 | $286,970,201▲23.1% | $200,344,282▲18.8% | $650,759,679▲9.4% | $7,362,214,487▲19.5% | 990 |
| 2021 | $233,085,363▼3.9% | $168,668,224▼26.9% | $594,783,324▲10.8% | $6,160,459,649▲11.6% | 990 |
| 2020 | $242,568,862▼4.8% | $230,744,095▲10.6% | $536,923,477▲3.1% | $5,518,860,512▲6.7% | 990 |
| 2019 | $254,737,778▲14.0% | $208,593,949▲17.0% | $520,775,834▲10.6% | $5,171,032,513▲14.5% | 990 |
| 2018 | $223,498,145▲15.8% | $178,322,437▲14.6% | $470,684,583▲10.1% | $4,517,595,715▲12.3% | 990 |
| 2017 | $192,968,969▲12.0% | $155,543,432▲16.8% | $427,578,437▲9.7% | $4,023,046,464▲6.7% | 990 |
| 2016 | $172,295,154▲14.2% | $133,125,420▲21.5% | $389,893,395▲11.1% | $3,769,852,518▲21.2% | 990 |
| 2015 | $150,905,176▲11.1% | $109,603,314▲6.7% | $350,785,399▲13.3% | $3,109,279,486▲13.5% | 990 |
| 2014 | $135,883,051▲3.8% | $102,702,369▼7.4% | $309,527,370▲12.6% | $2,738,746,371▲11.1% | 990 |
| 2013 | $130,950,465 | $110,965,681▲21.0% | $275,006,013▲6.7% | $2,465,882,983▲9.9% | 990 |
| 2012 | — | $91,743,521▼1.0% | $257,630,629▲14.2% | $2,244,374,759▲8.4% | 990 |
| 2011 | — | $92,635,441▼10.1% | $225,591,163▲14.0% | $2,069,711,484▲7.8% | 990 |
| 2010 | — | $103,032,511 | $197,961,923 | $1,919,940,851 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Douglas Ferraro — $1,593,843 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas Ferraro | President/ceo/director | 40 | $1,593,843 |
| Daniel Kampen | Evp/cfo | 40 | $1,153,075 |
| Alvin Mccarthy | Commercial Business Officer | 40 | $860,679 |
| Gregory Lundstrom | Commercial Business Officer | 40 | $649,688 |
| Jack Pargeon | Svp-finance | 40 | $513,319 |
| John Rivera | Svp/cro | 40 | $508,086 |
| Juan Carlos Campos | Svp General Counsel/compliance | 40 | $457,169 |
| Rebecca Stembel | Svp-cmeo | 40 | $436,363 |
| Matthew Kahn | Svp-consumer Lending | 40 | $416,776 |
| Tim Billings | Svp Treasury & Analytics | 40 | $400,648 |
| Susan Rice | Svp-commercial Lending | 40 | $385,630 |
| Wendy Jones | Svp-chro | 40 | $304,153 |
| Jenna Mcfarlane | Vp-marketing | 40 | $269,075 |
| Stacie Zidan | Vp-retail Delivery | 40 | $246,984 |
| Sharon Vaughn | Vp-operations | 40 | $244,151 |
| Steven Angelier | Bod/chairman | 5 | $65,250 |
| Andrew Murray | Bod/director | 4 | $45,250 |
| C David Kikumoto | Bod/secretary/treasurer | 5 | $45,250 |
| Jane Prancan | Bod/director | 4 | $45,250 |
| Laura Sonderup | Bod/vice Chair | 5 | $45,250 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Newground International Inc | Branch Design Services | $17,494,152 |
| Fiserv Inc | Financial Service Technology | $2,501,486 |
| Diebold Inc | Atm Equipment | $2,458,664 |
| Standard Register Inc DBA Taylor Communi | Statemement Processing | $2,435,772 |
| Visa Inc | Card Services | $1,996,240 |
Grants made · $478K in FY2024
1 grant totaling $478K in FY2024. All grants made by Credit Unions Chartered In the State of Colorado →
| Recipient | Purpose | Amount |
|---|---|---|
| Bellco Foundation | Charitable contribution | $478,240 |
Frequently asked questions
- Is Credit Unions Chartered In the State of Colorado a legitimate nonprofit?
- Yes. Credit Unions Chartered In the State of Colorado is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 84-0146595, based in Greenwood Vlg, Colorado.
- What is Credit Unions Chartered In the State of Colorado's EIN?
- Credit Unions Chartered In the State of Colorado's Employer Identification Number (EIN) is 84-0146595.
- How much revenue does Credit Unions Chartered In the State of Colorado report?
- Credit Unions Chartered In the State of Colorado reported $496,693,327 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Credit Unions Chartered In the State of Colorado's spending goes to programs?
- Credit Unions Chartered In the State of Colorado spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Credit Unions Chartered In the State of Colorado have?
- CharityIndex grades Credit Unions Chartered In the State of Colorado A+, based on program efficiency and fundraising cost.
- How much does Credit Unions Chartered In the State of Colorado's highest-paid employee make?
- The highest reported compensation on Credit Unions Chartered In the State of Colorado's latest Form 990 is $1,593,843, paid to Douglas Ferraro (President/ceo/director).
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Data for Credit Unions Chartered In the State of Colorado (EIN 84-0146595) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.