Credit Unions Chartered In the State of Colorado
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Credit Unions Chartered In the State of Colorado is a 501(c)(14) organization based in Arvada, Colorado, registered in 1968, with $31,884,846 in FY2024 revenue. CharityIndex grades it B.
Po Box 1346, Arvada, CO, 80001 EIN 84-0187935 Since 1968
Revenue (FY2024)
$31.9M
▲ 23.0% vs prior year
Expenses (FY2024)
$37.9M
Net assets
$49.2M
Employees
131
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Credit Unions Chartered In the State of Colorado— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating16 mo reserves · -19% 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: 16 mo reserves · -19% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To promote thrift and provide lower cost credit to the members of the credit union. to promote thrift among members by affording them the opportunity to accumulate payments on shares and make loans from these shares to its members.
Contact & location
Financial trends
Revenue grew from $15.3M (FY2013) to $31.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $549.3MNet assets $49.2M
Operating margin
-19.0%
Spent more than it raised in the latest fiscal year.
Total assets
$598.5M
Total liabilities
$549.3M
Net assets
$49.2M
Salaries & benefits
$10.7M
28% of expenses
Board members
7
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $31,884,846▲23.0% | $37,949,581▼57.8% | $49,150,760▼31.4% | $598,472,900▼5.6% | 990 |
| 2023 | $25,915,778▼74.2% | $89,889,177▲83.2% | $71,624,935▼46.2% | $633,664,685▼8.8% | 990 |
| 2022 | $100,266,157▲276% | $49,075,051▲157% | $133,231,565▲119% | $695,072,554▲20.8% | 990 |
| 2021 | $26,663,634▼4.0% | $19,078,640▼19.9% | $60,844,998▲11.1% | $575,170,940▲10.5% | 990 |
| 2020 | $27,784,035▼4.6% | $23,814,114▲5.6% | $54,753,519▲8.2% | $520,586,653▲16.0% | 990 |
| 2019 | $29,113,712▲25.5% | $22,561,545▲18.7% | $50,606,699▲17.0% | $448,844,983▲7.4% | 990 |
| 2018 | $23,192,164▲19.4% | $19,010,212▲12.1% | $43,262,249▲8.7% | $417,941,968▲18.6% | 990 |
| 2017 | $19,418,192▲12.9% | $16,962,196▲9.9% | $39,798,748▲6.8% | $352,414,033▲10.5% | 990 |
| 2016 | $17,206,401▲1.1% | $15,435,621▼3.3% | $37,269,441▲5.5% | $318,882,836▲5.3% | 990 |
| 2015 | $17,025,022▲2.3% | $15,965,101▲10.4% | $35,325,509▼0.8% | $302,914,479▲7.8% | 990 |
| 2014 | $16,645,906▲9.0% | $14,466,007▼3.1% | $35,611,957▲4.7% | $281,080,127▲8.2% | 990 |
| 2013 | $15,276,620 | $14,930,382▲25.0% | $34,027,720▲5.3% | $259,883,948▲10.3% | 990 |
| 2012 | — | $11,946,057▼7.4% | $32,321,889▲12.1% | $235,685,916▲8.6% | 990 |
| 2010 | — | $12,893,909 | $28,845,698 | $217,069,783 | 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: Doug Fagan — $653,672 (1.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Doug Fagan | Ceo/president | 40 | $653,672 |
| Jennifer Meyers | Cfo | 40 | $290,973 |
| Carol Wadleigh | Cio | 40 | $198,041 |
| Spencer Guilford | Coo | 40 | $192,628 |
| Lawrence Nazarenus | Investment Advisor | 40 | $189,124 |
| Jonathan Scottorn | Avp of Technology | 40 | $174,434 |
| Kim Carter | Vp of Special Services | 40 | $168,269 |
| Dana Zamora | Vp of Human Resources | 40 | $160,111 |
| Choua Ly | Svp of Lending | 40 | $154,334 |
| Krista Stafford-evans | Vp of Marketing | 40 | $147,652 |
| Tamra Anderson | Vp of Dealer Relations | 40 | $146,836 |
| Eileen Arnold | Vp of Accounting | 40 | $142,211 |
| Sheldon Maccullough | Symitar Programmer | 40 | $140,834 |
| Leslie Spence | Vp of Member Experience | 40 | $128,321 |
| Jorge Palma | Avp of Finance Through 10/29/2024 | 40 | $113,699 |
| Alan Del Angel | It Software Engineer & Architect | 40 | $111,403 |
| Christian Watts | Application Administrator | 40 | $107,321 |
| Linda Head | Chairperson | 20 | $51,000 |
| Richard Bollig | Vice Chairman | 10 | $45,000 |
| Toby Rampa | Secretary/treasurer | 6.25 | $45,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fis | Debit/credit Card Processor | $837,151 |
| Valuetec Financial & Comm Industries LLC | Atm/itm Service | $739,365 |
| Access Softek Inc | Online/mobile Banking | $479,018 |
| Jack Henry | Core System | $468,532 |
| Strategycorps LLC | Checking Program Management | $193,046 |
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 84-0187935, based in Arvada, 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 84-0187935.
- How much revenue does Credit Unions Chartered In the State of Colorado report?
- Credit Unions Chartered In the State of Colorado reported $31,884,846 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Credit Unions Chartered In the State of Colorado have?
- CharityIndex grades Credit Unions Chartered In the State of Colorado B, based on financial health (reserves and operating margin).
- 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 $653,672, paid to Doug Fagan (Ceo/president).
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Data for Credit Unions Chartered In the State of Colorado (EIN 84-0187935) 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.