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 Denver, Colorado, registered in 1968, with $135,792,779 in FY2024 revenue. CharityIndex grades it A.
3700 E Alameda Ave, Denver, CO, 80209 EIN 84-0188017 Since 1968
Revenue (FY2024)
$135.8M
▲ 12.0% vs prior year
Expenses (FY2024)
$130.3M
Net assets
$175.2M
Employees
347
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 →
AFinancial health25% of the rating16 mo reserves · +4% 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 · +4% margin earns a A 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 positively impact lives through personal attention and financial education.
Contact & location
Financial trends
Revenue grew from $52.9M (FY2013) to $135.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0BNet assets $175.2M
Operating margin
4.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$2.0B
Net assets
$175.2M
Salaries & benefits
$31.7M
24% of expenses
Board members
7
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $135,792,779▲12.0% | $130,262,494▲16.6% | $175,238,082▲7.4% | $2,129,888,986▼2.0% | 990 |
| 2023 | $121,250,039▲66.8% | $111,713,999▲52.5% | $163,113,999▲9.4% | $2,173,846,808▼1.4% | 990 |
| 2022 | $72,674,242▲20.9% | $73,263,219▲19.9% | $149,118,561▼24.6% | $2,204,895,683▲11.9% | 990 |
| 2021 | $60,087,395▼10.2% | $61,125,029▼5.2% | $197,700,792▼3.3% | $1,970,586,116▲8.5% | 990 |
| 2020 | $66,905,343▼6.4% | $64,449,601▲5.1% | $204,403,889▲3.2% | $1,816,975,621▲15.6% | 990 |
| 2019 | $71,471,009▲6.8% | $61,337,537▲4.9% | $197,993,495▲6.8% | $1,571,773,647▲2.1% | 990 |
| 2018 | $66,895,032▲14.2% | $58,453,539▲9.6% | $185,465,371▲4.3% | $1,539,994,930▲0.3% | 990 |
| 2017 | $58,564,193▲5.8% | $53,322,930▲5.1% | $177,785,819▲3.0% | $1,535,005,684▲6.8% | 990 |
| 2016 | $55,347,256▲5.5% | $50,738,358▲11.8% | $172,675,675▲2.7% | $1,437,080,760▲5.6% | 990 |
| 2015 | $52,449,414▲8.1% | $45,389,200▲13.2% | $168,192,843▲4.3% | $1,361,036,800▲6.1% | 990 |
| 2014 | $48,505,346▼8.2% | $40,096,495▼7.7% | $161,262,403▲6.5% | $1,282,218,975▲1.2% | 990 |
| 2013 | $52,861,709 | $43,453,026▼2.5% | $151,378,349▲4.5% | $1,267,191,514▲3.1% | 990 |
| 2012 | — | $44,571,131▼11.6% | $144,865,399▲5.9% | $1,229,426,943▲3.1% | 990 |
| 2011 | — | $50,446,939▼14.4% | $136,757,506▲4.7% | $1,192,007,930▲1.4% | 990 |
| 2010 | — | $58,947,212 | $130,578,839 | $1,175,882,854 | 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: Steven Schmidle — $1,055,797 (0.81% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Schmidle | Chief Executive Officer | 40 | $1,055,797 |
| Brooke Fleming | Chief Lending Officer | 40 | $329,888 |
| Samuel Roy-jackson Stookey | Commercial Loan Officer | 40 | $327,942 |
| Kevin Kendall | Retail Mortgage Loan Officer | 40 | $272,045 |
| David Neff | Commercial Loan Officer | 40 | $261,567 |
| Brian Berrier | Vp Finance | 40 | $233,887 |
| Michelle Burke | Vp Mortgage Lending | 40 | $232,953 |
| Gerald Annis | Svp Technology | 40 | $230,100 |
| Daniel J Kutch | Chief Financial Officer | 40 | $218,077 |
| Elinor Fordyce | Chief People Officer (thru 07/05/24) | 40 | $157,423 |
| Milton Stevens | Chief Digital Officer(thru 01/24/24) | 40 | $71,391 |
| Andy Raicevich | Chairman | 16 | $30,000 |
| Barry Beal Jr | Treasurer | 10 | $25,800 |
| James Kullhem | Director | 8 | $24,000 |
| John Thomas Gaietto | Director | 8 | $24,000 |
| Larry Ottele | Vice Chairman | 8 | $24,000 |
| Laura Morales | Director | 8 | $24,000 |
| William Abbey | Secretary | 8 | $24,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cactus Communications Inc | Marketing/ Advertising Production | $1,439,980 |
| Coda Construction Group LLC | Building Contractor | $830,840 |
| Semple Farrington Everall & Case PC | Lawyers/professional Consulting Services | $406,221 |
| Rsm Us LLP | Lawyers/professional Consulting Services | $320,503 |
| Sovos Compliance LLC | Lawyers/professional Consulting Services | $243,898 |
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 84-0188017, based in Denver, 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 84-0188017.
- How much revenue does Credit Unions Chartered In the State of Colorado report?
- Credit Unions Chartered In the State of Colorado reported $135,792,779 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 A, 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 $1,055,797, paid to Steven Schmidle (Chief Executive Officer).
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Data for Credit Unions Chartered In the State of Colorado (EIN 84-0188017) 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.