Civic Intelligence

Power Credit Union

EIN 84-0160254 • 501(c)14 • Pueblo, CO

View Organization Page

Profile

To promote thrift and 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 to make loans from these shares to its members.

1615 E Evans AvenuePueblo, CO 81004

www.powercu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.89x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

13.35x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

49th percentile

11%

Higher net margin than 49% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$142,070

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

$100M-$250M nonprofits • Source year 2022

Asset Growth

42nd percentile

1.3%

Faster asset growth than 42% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

15%

Faster revenue growth than 54% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$116,643,851

Up $1,525,571 (+1.3%) from 2023

Liabilities

Up

$103,681,359

Up $771,758 (+0.7%) from 2023

Net Assets

Up

$12,962,492

Up $753,813 (+6.2%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin49th percentile

Revenue

Up

$7,768,627

Up $1,041,397 (+15%) from 2023

Expenses

Up

$6,914,005

Up $664,654 (+11%) from 2023

Net Income

Up

$854,622

Up $376,743 (+79%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $79,700,342Liabilities 2010: $72,381,589Net Assets 2010: $7,318,7532010Assets 2011: $79,136,496Liabilities 2011: $71,079,744Net Assets 2011: $8,056,7522011Assets 2012: $84,678,560Liabilities 2012: $76,113,081Net Assets 2012: $8,565,4792012Assets 2013: $83,715,003Liabilities 2013: $75,177,260Net Assets 2013: $8,537,7432013Assets 2014: $82,454,310Liabilities 2014: $73,165,472Net Assets 2014: $9,288,8382014Assets 2015: $84,952,732Liabilities 2015: $75,202,905Net Assets 2015: $9,749,8272015Assets 2016: $87,385,004Liabilities 2016: $77,190,352Net Assets 2016: $10,194,6522016Assets 2017: $89,179,323Liabilities 2017: $78,297,529Net Assets 2017: $10,881,7942017Assets 2018: $90,609,467Liabilities 2018: $79,268,392Net Assets 2018: $11,341,0752018Assets 2019: $97,505,609Liabilities 2019: $85,438,195Net Assets 2019: $12,067,4142019Assets 2020: $114,665,260Liabilities 2020: $102,016,516Net Assets 2020: $12,648,7442020Assets 2021: $122,570,683Liabilities 2021: $109,868,274Net Assets 2021: $12,702,4092021Assets 2022: $119,765,846Liabilities 2022: $107,743,483Net Assets 2022: $12,022,3632022Assets 2023: $115,118,280Liabilities 2023: $102,909,601Net Assets 2023: $12,208,6792023Assets 2024: $116,643,851Liabilities 2024: $103,681,359Net Assets 2024: $12,962,4922024

Highlighted filing

2024

Assets$116,643,851
Liabilities$103,681,359
Net Assets$12,962,492
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $4,215,0352010Expenses 2011: $3,656,5632011Expenses 2012: $4,001,1322012Revenue 2013: $4,158,188Expenses 2013: $3,815,983Net Income 2013: $342,2052013Revenue 2014: $4,264,726Expenses 2014: $3,770,285Net Income 2014: $494,4412014Revenue 2015: $4,187,884Expenses 2015: $3,664,347Net Income 2015: $523,5372015Revenue 2016: $4,399,679Expenses 2016: $3,930,906Net Income 2016: $468,7732016Revenue 2017: $4,763,605Expenses 2017: $4,105,041Net Income 2017: $658,5642017Revenue 2018: $5,080,672Expenses 2018: $4,573,348Net Income 2018: $507,3242018Revenue 2019: $5,365,284Expenses 2019: $4,765,527Net Income 2019: $599,7572019Revenue 2020: $5,027,153Expenses 2020: $4,635,232Net Income 2020: $391,9212020Revenue 2021: $4,684,597Expenses 2021: $4,462,725Net Income 2021: $221,8722021Revenue 2022: $5,372,998Expenses 2022: $4,984,354Net Income 2022: $388,6442022Revenue 2023: $6,727,230Expenses 2023: $6,249,351Net Income 2023: $477,8792023Revenue 2024: $7,768,627Expenses 2024: $6,914,005Net Income 2024: $854,6222024

Highlighted filing

2024

Revenue$7,768,627
Expenses$6,914,005
Net Income$854,622
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$116,643,851
Liabilities
$103,681,359
Net assets
$12,962,492
Revenue
$7,768,627
Expenses
$6,914,005
Net income
$854,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$104$13.0$7.77$6.91$0.85
2023Summary only. Only limited summary data is available for this year.$115$103$12.2$6.73$6.25$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$108$12.0$5.37$4.98$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$110$12.7$4.68$4.46$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$102$12.6$5.03$4.64$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.5$85.4$12.1$5.37$4.77$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.6$79.3$11.3$5.08$4.57$0.51
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.2$78.3$10.9$4.76$4.11$0.66
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.4$77.2$10.2$4.40$3.93$0.47
2015Detailed filing. Detailed filing data is available for this year.$85.0$75.2$9.75$4.19$3.66$0.52
2014Detailed filing. Detailed filing data is available for this year.$82.5$73.2$9.29$4.26$3.77$0.49
2013Detailed filing. Detailed filing data is available for this year.$83.7$75.2$8.54$4.16$3.82$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.7$76.1$8.57$4.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.1$71.1$8.06$3.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$72.4$7.32$4.22
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$5,372,998
Mission and Program Overview

Mission

To promote thrift and 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 to make loans from these shares to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$55,831,618$61,857,118▲ $6,025,500
Investments Other Securities$13,507,048$28,047,709▲ $14,540,661
Investments in Publicly Traded Securities$7,676,314$15,822,072▲ $8,145,758
Rtn Earn Endowment Incm Other Fnds$11,220,197$10,540,151▼ $680,046
Savings and Temporary Cash Investments$36,836,328$4,926,498▼ $31,909,830
Land, Buildings, and Equipment, Net$2,907,051$2,716,432▼ $190,619
Pd in Cap Srpls Land Bldg Eqp Fund$1,482,212$1,482,212→ $0
Cash and Non-Interest-Bearing Accounts$1,267,332$923,872▼ $343,460
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$122,570,683$119,765,846▼ $2,804,837
Other Assets Total$4,544,992$5,472,145▲ $927,153
Liabilities
Other Liabilities$108,124,103$106,561,813▼ $1,562,290
Accounts Payable and Accrued Expenses$1,744,171$1,181,670▼ $562,501
Total Liabilities$109,868,274$107,743,483▼ $2,124,791
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,702,409$12,022,363▼ $680,046
Total Liabilities and Net Assets / Fund Balance$122,570,683$119,765,846▼ $2,804,837

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,340,555$2,555,072$3,895,627
Equipment$306,686$2,310,763$2,617,449
Land$1,069,191-$1,069,191
Other Securities$123,400--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vanessa TrexelPresident/CEOFT$124,427$17,643$142,070
Kelly SchermerhornVP of Member ExperienceFT$87,704$8,071$95,775
Ernestine TrujilloVP of OperationsFT$74,183$13,485$87,668
Shari KrasovicVP of Hr & MarketingFT$64,193$6,547$70,740

Board Members and Trustees

NameTitle
Don TrujilloChair/board Member
Ted CookVice Chair/board Member
Ava DeherreraBoard Member
Jane Rhodes Thru 42022Board Member
Katie HeuermannBoard Member
Michael JollyBoard Member
Ted LopezBoard Member
Michael ParlapianoSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,615,703
Investment Income
$672,483
Other Revenue
$84,812
Change in Net Assets
$388,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,922,372
Salaries, Compensation, and Employee Benefits$2,061,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,336,365
Office Expenses---$669,486
Current Officers, Directors, Trustees, and Key Employees---$396,253
Depreciation Depletion---$253,622
Fees for Services Other---$235,501
Occupancy---$206,030
Other Expenses---$167,056
Payroll Taxes---$134,366
Other Employee Benefits---$127,018
Advertising---$77,165
Pension Plan Contributions---$67,980
All Other Expenses---$59,466
Fees for Services Accounting---$36,880
Conferences and Meetings---$13,529
Travel---$9,909
Fees for Services Legal---$3,463
Total Functional Expenses$0$0$0$4,984,354
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Share and Deposit Accounts$106,561,813
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is a member owned financial cooperative that is operated for the benefit of employees of the power department at colorado fuel and iron, residents living in pueblo west, fremont county, southeast pueblo county, chaffee county, las animas county, all people who are 50+ living in pueblo county and the families of eligible members.”

Form 990, Part VI, Section A, Line 7A

“The members of the credit union annually elect the board of directors to serve multiple-year terms by mailing in ballots or voting at an annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Various decisions made by the board of directors for a credit union are subject to approval by the members of the credit union as set forth in ncua rules and regulations and applicable state regulations.”

Form 990, Part VI, Section B, Line 11B

“The completed form 990 is reviewed by the chief executive officer and vice president of finance and information technology. The board of directors does not review the form 990.”

Form 990, Part VI, Section B, Line 12C

“The credit union provides an annual disclosure form to all volunteers to identify any potential conflicts of interest. Disclosures are reviewed for any items requiring further follow-up.”

Form 990, Part VI, Section B, Line 15

“Ceo compensation is determined by the board of directors. The ceo's salary is adjusted based on experience and financial condition of the credit union. Yearly performance reviews of the ceo are conducted by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The credit union's governing documents and conflict of interest policies are available for review upon request at the credit union. Monthly financial statements are available on display at the credit union. Quarterly financial data is accessible to the public at www.ncua.gov.”

Filing and Contact Details

Filer

Filer Name
Power Credit Union
EIN
84-0160254
Phone
7195640710
Address
1615 E EVANS AVENUE, PUEBLO, CO 81004

Signing Officer

Name
Lita Sanders
Title
VP of Finance
Phone
7195640710
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lita Sanders
Formed
1938
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
59
Volunteers
7

Preparer

Firm
Singerlewak Llp
Address
10960 WILSHIRE BLVD SUITE 1100, LOS ANGELES, CA 90024
Preparer
Nanaz Benyamini
Phone
3104773924
Raw XML Appendix400 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01744171
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01181670
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE THRIFT AND 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 TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.
IRS990/AdvertisingGrp/TotalAmt077165
IRS990/AllOtherExpensesGrp/TotalAmt059466
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LITA SANDERS VP OF FINANCE
IRS990/BooksInCareOfDetail/PhoneNum07195640710
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01615 E EVANS AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PUEBLO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd081004
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01267332
IRS990/CashNonInterestBearingGrp/EOYAmt0923872
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0396253
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt013529
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0672483
IRS990/CYOtherExpensesAmt02922372
IRS990/CYOtherRevenueAmt084812
IRS990/CYProgramServiceRevenueAmt04615703
IRS990/CYRevenuesLessExpensesAmt0388644
IRS990/CYSalariesCompEmpBnftPaidAmt02061982
IRS990/CYTotalExpensesAmt04984354
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05372998
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0253622
IRS990/Desc0PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 12,000 MEMBERS SERVED.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt059
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt036880
IRS990/FeesForServicesLegalGrp/TotalAmt03463
IRS990/FeesForServicesOtherGrp/TotalAmt0235501
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt817643
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt913485
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt106547
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118071
IRS990/Form990PartVIISectionAGrp/PersonNm0TED LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm1TED COOK
IRS990/Form990PartVIISectionAGrp/PersonNm2KATIE HEUERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm3JANE RHODES THRU 42022
IRS990/Form990PartVIISectionAGrp/PersonNm4DON TRUJILLO
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL PARLAPIANO
IRS990/Form990PartVIISectionAGrp/PersonNm6AVA DEHERRERA
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL JOLLY
IRS990/Form990PartVIISectionAGrp/PersonNm8VANESSA TREXEL
IRS990/Form990PartVIISectionAGrp/PersonNm9ERNESTINE TRUJILLO
IRS990/Form990PartVIISectionAGrp/PersonNm10SHARI KRASOVIC
IRS990/Form990PartVIISectionAGrp/PersonNm11KELLY SCHERMERHORN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR/BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR/BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF HR & MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF MEMBER EXPERIENCE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05372998
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0672483
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0672483
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013507048
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt028047709
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07676314
IRS990/InvestmentsPubTradedSecGrp/EOYAmt015822072
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02716432
IRS990/LandBldgEquipCostOrOtherBssAmt07582267
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THRIFT AND 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 TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt012022363
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1068690
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0206030
IRS990/OfficeExpensesGrp/TotalAmt0669486
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04544992
IRS990/OtherAssetsTotalGrp/EOYAmt05472145
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0127018
IRS990/OtherExpensesGrp/Desc0SHARE SERVICING
IRS990/OtherExpensesGrp/Desc1INTEREST/DIVIDENDS PAID
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt0544700
IRS990/OtherExpensesGrp/TotalAmt1360023
IRS990/OtherExpensesGrp/TotalAmt2285542
IRS990/OtherExpensesGrp/TotalAmt3167056
IRS990/OtherLiabilitiesGrp/BOYAmt0108124103
IRS990/OtherLiabilitiesGrp/EOYAmt0106561813
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt084812
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt084812
IRS990/OtherRevenueTotalAmt084812
IRS990/OtherSalariesAndWagesGrp/TotalAmt01336365
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt055831618
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt061857118
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0134366
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01482212
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01482212
IRS990/PensionPlanContributionsGrp/TotalAmt067980
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LITA SANDERS
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS TO M
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES AND OTHER CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03105151
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1777418
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2733134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03105151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1777418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2733134
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0406222
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IRS990/PYOtherRevenueAmt05289
IRS990/PYProgramServiceRevenueAmt04273086
IRS990/PYRevenuesLessExpensesAmt0221872
IRS990/PYSalariesCompEmpBnftPaidAmt01907794
IRS990/PYTotalExpensesAmt04462725
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04684597
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0388644
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011220197
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010540151
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036836328
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04926498
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01340555
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02555072
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03895627
IRS990ScheduleD/EquipmentGrp/BookValueAmt0306686
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02310763
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02617449
IRS990ScheduleD/LandGrp/BookValueAmt01069191
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01069191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0106561813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0414309
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt127510000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2123400
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PERPETUAL CAPITAL AT CORPORATE CREDIT UNION
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02716432
IRS990ScheduleD/TotalBookValueSecuritiesAmt028047709
IRS990ScheduleD/TotalLiabilityAmt0106561813
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT IS OPERATED FOR THE BENEFIT OF EMPLOYEES OF THE POWER DEPARTMENT AT COLORADO FUEL AND IRON, RESIDENTS LIVING IN PUEBLO WEST, FREMONT COUNTY, SOUTHEAST PUEBLO COUNTY, CHAFFEE COUNTY, LAS ANIMAS COUNTY, ALL PEOPLE WHO ARE 50+ LIVING IN PUEBLO COUNTY AND THE FAMILIES OF ELIGIBLE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPLETED FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND VICE PRESIDENT OF FINANCE AND INFORMATION TECHNOLOGY. THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION PROVIDES AN ANNUAL DISCLOSURE FORM TO ALL VOLUNTEERS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE REVIEWED FOR ANY ITEMS REQUIRING FURTHER FOLLOW-UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S SALARY IS ADJUSTED BASED ON EXPERIENCE AND FINANCIAL CONDITION OF THE CREDIT UNION. YEARLY PERFORMANCE REVIEWS OF THE CEO ARE CONDUCTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0122570683
IRS990/TotalAssetsEOYAmt0119765846
IRS990/TotalAssetsGrp/BOYAmt0122570683
IRS990/TotalAssetsGrp/EOYAmt0119765846
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/TotalAmt04984354
IRS990/TotalGrossUBIAmt084812
IRS990/TotalLiabilitiesBOYAmt0109868274
IRS990/TotalLiabilitiesEOYAmt0107743483
IRS990/TotalLiabilitiesGrp/BOYAmt0109868274
IRS990/TotalLiabilitiesGrp/EOYAmt0107743483
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012702409
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012022363
IRS990/TotalOtherCompensationAmt045746
IRS990/TotalProgramServiceRevenueAmt04615703
IRS990/TotalReportableCompFromOrgAmt0350507
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05288186
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05372998
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt084812
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0122570683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119765846
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt09909
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01615 E EVANS AVE
IRS990/USAddress/CityNm0PUEBLO
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081004
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.POWERCU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LITA SANDERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP OF FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum07195640710
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POWER CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0POWE
ReturnHeader/Filer/EIN0840160254
ReturnHeader/Filer/PhoneNum07195640710
ReturnHeader/Filer/USAddress/AddressLine1Txt01615 E EVANS AVENUE
ReturnHeader/Filer/USAddress/CityNm0PUEBLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952302617
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SINGERLEWAK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010960 WILSHIRE BLVD SUITE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090024
ReturnHeader/PreparerPersonGrp/PhoneNum03104773924
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NANAZ BENYAMINI
ReturnHeader/ReturnTs02023-11-15T14:38:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LITA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SANDERS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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