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 Lone Tree, Colorado, registered in 1968, with $360,602,257 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
9990 Park Meadows Dr, Lone Tree, CO, 80124 EIN 84-6023137 Since 1968
Revenue (FY2024)
$360.6M
▲ 17.1% vs prior year
Expenses (FY2024)
$336.8M
Net assets
$435.5M
Employees
916
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+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 C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +7% 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 · +7% 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
Canvas credit union will strive to help individuals and families make better decisions and grow stronger financially. we will provide simple and relevant products and services at a consistently honest value. we will help members afford life.
Contact & location
Financial trends
Revenue grew from $68.4M (FY2013) to $360.6M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.2BNet assets $435.5M
Operating margin
6.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.6B
Total liabilities
$4.2B
Net assets
$435.5M
Salaries & benefits
$87.9M
26% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $360,602,257▲17.1% | $336,830,861▲21.8% | $435,510,928▲6.0% | $4,585,707,238▲4.9% | 990 |
| 2023 | $307,994,247▲29.8% | $276,485,261▲46.9% | $410,970,193▲0.4% | $4,370,149,466▲2.3% | 990 |
| 2022 | $237,343,960▲19.8% | $188,229,132▲31.6% | $409,178,642▲13.8% | $4,272,444,159▲18.6% | 990 |
| 2021 | $198,159,456▲5.2% | $143,000,710▼11.3% | $359,410,185▲17.9% | $3,601,131,958▲9.9% | 990 |
| 2020 | $188,336,288▲8.9% | $161,184,973▲11.7% | $304,823,142▲10.1% | $3,275,493,531▲20.1% | 990 |
| 2019 | $173,007,741▲50.2% | $144,297,300▲63.8% | $276,901,859▲35.1% | $2,726,664,766▲32.6% | 990 |
| 2016 | $115,162,294▲26.1% | $88,081,278▲28.3% | $204,979,786▲15.3% | $2,056,200,113▲26.1% | 990 |
| 2015 | $91,345,633▲21.8% | $68,674,810▲20.3% | $177,706,842▲14.4% | $1,630,945,103▲12.3% | 990 |
| 2014 | $74,973,684▲9.6% | $57,096,117▲4.0% | $155,330,587▲17.3% | $1,451,751,516▲9.5% | 990 |
| 2013 | $68,399,167 | $54,912,723▼1.3% | $132,371,878▲4.0% | $1,325,660,039▲6.5% | 990 |
| 2012 | — | $55,620,160▲9.9% | $127,322,786▲12.4% | $1,244,721,522▲11.6% | 990 |
| 2011 | — | $50,606,857▼27.8% | $113,265,836▲22.4% | $1,115,023,418▲7.4% | 990 |
| 2010 | — | $70,079,656 | $92,534,339 | $1,038,371,934 | 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: Darryl Marksberry — $4,462,038 (1.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Darryl Marksberry | Former Ceo | 40 | $4,462,038 |
| Andrew Watson | Svp Mortgage Lending | 40 | $992,162 |
| Colleen Knoll | Cfo | 40 | $892,937 |
| Chad Shane | Ceo | 40 | $703,231 |
| David Pierce | Svp/cio | 40 | $583,687 |
| Stephen Ferrero | Chief Comm Eng Off | 40 | $572,030 |
| Sara Ott | Chief Retail Officer | 40 | $543,545 |
| Carlos Vazquez | Svp Ciso | 40 | $515,177 |
| Ryan Klassen | Svp Consumer Lending | 40 | $480,237 |
| Chris Myklebust | Chief Transformation Offic | 40 | $477,222 |
| Benjamin Greiving | General Counsel | 40 | $470,307 |
| Robert Spratte | Svp of Loss Mit & Com Cen | 40 | $463,823 |
| Fabbiana Vecchiarelli-rukavina | Mortage Loan Orig I | 40 | $440,900 |
| Tom Lash | Chairman | 5 | $60,000 |
| Rosalynn Feagins | Vice Chair | 3 | $45,000 |
| Jerome Davis | Secretary | 3 | $35,000 |
| Josh Burchfield | Treasurer | 3 | $35,000 |
| Natriece Bryant | Director | 3 | $35,000 |
| Scott Aaronson | Director | 3 | $35,000 |
| Tim Farrell | Director | 3 | $35,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Elder Construction Inc | Construction | $3,242,902 |
| Pro Found Recovery Solutions Inc | Asset Recovery | $3,158,486 |
| Cu Cooperative Systems Inc | Card/atm Services | $3,152,261 |
| Alkami Technology Inc | Online Banking | $2,828,863 |
| Doxim Inc | Statement Services | $1,830,512 |
Grants made · $831K in FY2024
22 grants totaling $831K in FY2024 — showing the 15 largest. All grants made by Credit Unions Chartered In the State of Colorado →
| Recipient | Purpose | Amount |
|---|---|---|
| Playfly Sports Properties LLC | Donation | $277,750 |
| Colorado State University-pueblo Foundation | Donation | $115,600 |
| Canvas Foundation | Donation | $105,202 |
| Teall Properties Group LLC | Donation | $52,500 |
| Colorado State University | Donation | $51,905 |
| Cherry Creek Arts Festival | Donation | $32,500 |
| Childrens Miracle Network | Donation | $31,187 |
| Special Olympics Colorado | Donation | $25,000 |
| Childrens Hospital Colorado | Donation | $24,500 |
| University of Denver | Donation | $16,500 |
| Gold Crown Foundation Inc | Donation | $13,584 |
| Thompson R2-j Education Foundation | Donation | $11,250 |
| University of Denver | Donation | $10,000 |
| City of Fruita | Donation | $10,000 |
| Poudre School District | Donation | $10,000 |
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 84-6023137, based in Lone Tree, 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 84-6023137.
- How much revenue does Credit Unions Chartered In the State of Colorado report?
- Credit Unions Chartered In the State of Colorado reported $360,602,257 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 B+, 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 $4,462,038, paid to Darryl Marksberry (Former Ceo).
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Data for Credit Unions Chartered In the State of Colorado (EIN 84-6023137) 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.