Civic Intelligence

Power Credit Union

990 • Fiscal year 2017 • EIN 84-0160254

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 18, 2018

Organization ProfileWWW.POWERCU.ORG

View Organization Page

1615 E Evans AvenuePueblo, CO 81004

(719) 564-0710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.88x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

16.44x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

22nd percentile

$111,445

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

38th percentile

2.1%

Faster asset growth than 38% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

8.3%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$89,179,323

Up $1,794,319 (+2.1%) from 2016

Net Assets

Up

$10,881,794

Up $687,142 (+6.7%) from 2016

Liabilities

Up

$78,297,529

Up $1,107,177 (+1.4%) from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin69th percentile

Revenue

Up

$4,763,605

Up $363,926 (+8.3%) from 2016

Expenses

Up

$4,105,041

Up $174,135 (+4.4%) from 2016

Net Income

Up

$658,564

Up $189,791 (+40%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$89,179,323
Liabilities$78,297,529
Net Assets$10,881,794
Open 2017 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$4,763,605
Expenses$4,105,041
Net Income$658,564
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 18, 2018
Return Version
2017v2.3
Gross Receipts
$5,727,255
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$50,495,824$56,828,281▲ $6,332,457
Investments Other Securities$18,337,433$15,937,833▼ $2,399,600
Rtn Earn Endowment Incm Other Fnds$8,712,439$9,399,581▲ $687,142
Savings and Temporary Cash Investments$4,608,128$4,074,522▼ $533,606
Investments in Publicly Traded Securities$4,951,941$3,525,490▼ $1,426,451
Land, Buildings, and Equipment, Net$3,256,245$3,145,478▼ $110,767
Pd in Cap Srpls Land Bldg Eqp Fund$1,482,213$1,482,213→ $0
Cash and Non-Interest-Bearing Accounts$1,419,153$1,209,166▼ $209,987
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$87,385,004$89,179,323▲ $1,794,319
Other Assets Total$4,316,280$4,458,553▲ $142,273
Liabilities
Other Liabilities$75,175,476$75,848,365▲ $672,889
Accounts Payable and Accrued Expenses$2,014,876$2,449,164▲ $434,288
Total Liabilities$77,190,352$78,297,529▲ $1,107,177
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,194,652$10,881,794▲ $687,142
Total Liabilities and Net Assets / Fund Balance$87,385,004$89,179,323▲ $1,794,319

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,857,077$1,906,800$3,763,877
Equipment$222,910$1,783,233$2,006,143
Land$1,065,491-$1,065,491
Other Securities$87,800--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vanessa TrexelPresident/CEOFT$93,576$17,869$111,445
Don OrtegaVP of Finance/itFT$74,202$2,396$76,598
Shari KrasovicVP of Hr & MarketingFT$56,958$2,647$59,605
Laurie ScoleriVP of OperationsFT$52,766$3,402$56,168
Anitta SkulVP of MarketingFT$41,749$7,347$49,096

Board Members and Trustees

NameTitle
Bryan SanchezChairman
Judy KochevarVice Chairman
Don TrujilloBoard Member
Katie HeuermannBoard Member
Leonard FloresBoard Member
Milton Batchelder JrBoard Member
Jane RhodesSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
VantivCredit & Debit Card Processor8500 GOVERNORS HILL, Cincinnati, OH 45249$376,604
Fiserv INCData ProcessorPO BOX 99924, Grapevine, TX 76099$239,920
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,393,046
Investment Income
$363,489
Other Revenue
$7,070
Change in Net Assets
$658,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,376,466
Salaries, Compensation, and Employee Benefits$1,728,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,081,002
Office Expenses---$464,173
Current Officers, Directors, Trustees, and Key Employees---$319,251
Depreciation Depletion---$237,368
Occupancy---$184,357
Other Expenses---$170,464
Other Employee Benefits---$162,219
Payroll Taxes---$121,986
Advertising---$104,394
Fees for Services Other---$74,902
Travel---$48,275
Pension Plan Contributions---$44,117
Fees for Services Accounting---$35,143
Insurance---$30,731
All Other Expenses---$10,356
Fees for Services Legal---$6,917
Conferences and Meetings---$6,485
Total Functional Expenses$0$0$0$4,105,041
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$75,848,365
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 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
Vanessa Trexel
Title
President/CEO
Phone
7195640710
Signed
2018-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vanessa Trexel
Formed
1938
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
53
Volunteers
12

Preparer

Firm
Holben Hay Lake Balzer Cpas LLC
Address
1777 S HARRISON STREET 1000, DENVER, CO 80210
Preparer
Sheila M Balzer
Phone
3037592727
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -4.”

Raw XML AppendixShowing 400 of 429 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.

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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.
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IRS990/LandBldgEquipCostOrOtherBssAmt06835511
IRS990/LegalDomicileStateCd0CO
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0963650
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
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
IRS990/NetAssetsOrFundBalancesBOYAmt010194652
IRS990/NetAssetsOrFundBalancesEOYAmt010881794
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0920
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0920
IRS990/NetUnrelatedBusTxblIncmAmt0-1658
IRS990/NetUnrlzdGainsLossesInvstAmt028582
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0184357
IRS990/OfficeExpensesGrp/TotalAmt0464173
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04316280
IRS990/OtherAssetsTotalGrp/EOYAmt04458553
IRS990/OtherChangesInNetAssetsAmt0-4
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162219
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2INTEREST/DIVIDENDS PAID
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt0524736
IRS990/OtherExpensesGrp/TotalAmt1286823
IRS990/OtherExpensesGrp/TotalAmt2191342
IRS990/OtherExpensesGrp/TotalAmt3170464
IRS990/OtherLiabilitiesGrp/BOYAmt075175476
IRS990/OtherLiabilitiesGrp/EOYAmt075848365
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07070
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt07070
IRS990/OtherRevenueTotalAmt07070
IRS990/OtherSalariesAndWagesGrp/TotalAmt01081002
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt050495824
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt056828281
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0121986
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01482213
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01482213
IRS990/PensionPlanContributionsGrp/TotalAmt044117
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0VANESSA TREXEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS TO M
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND OTHER CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02929305
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1808104
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2655637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02929305
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1808104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2655637
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0399648
IRS990/PYOtherExpensesAmt02315857
IRS990/PYOtherRevenueAmt018644
IRS990/PYProgramServiceRevenueAmt03981387
IRS990/PYRevenuesLessExpensesAmt0468773
IRS990/PYSalariesCompEmpBnftPaidAmt01615049
IRS990/PYTotalExpensesAmt03930906
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04399679
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0658564
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08712439
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09399581
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04608128
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04074522
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01857077
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01906800
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03763877
IRS990ScheduleD/EquipmentGrp/BookValueAmt0222910
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01783233
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02006143
IRS990ScheduleD/LandGrp/BookValueAmt01065491
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01065491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075848365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0165724
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1414309
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt215270000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt387800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0NON PERPETUAL CAPITAL AT CORPORATE CREDIT UNION
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PERPETUAL CAPITAL AT CORPORATE CREDIT UNION
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03145478
IRS990ScheduleD/TotalBookValueSecuritiesAmt015937833
IRS990ScheduleD/TotalLiabilityAmt075848365
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
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/ExplanationTxt7ROUNDING -4.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt087385004
IRS990/TotalAssetsEOYAmt089179323
IRS990/TotalAssetsGrp/BOYAmt087385004
IRS990/TotalAssetsGrp/EOYAmt089179323
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/TotalAmt04105041
IRS990/TotalGrossUBIAmt07070
IRS990/TotalLiabilitiesBOYAmt077190352
IRS990/TotalLiabilitiesEOYAmt078297529
IRS990/TotalLiabilitiesGrp/BOYAmt077190352
IRS990/TotalLiabilitiesGrp/EOYAmt078297529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010194652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010881794
IRS990/TotalOtherCompensationAmt033661
IRS990/TotalProgramServiceRevenueAmt04393046
IRS990/TotalReportableCompFromOrgAmt0319251
IRS990/TotalRevenueGrp/ExclusionAmt0362569
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04393966
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04763605
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07070
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt087385004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt089179323
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt048275
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VANESSA TREXEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07195640710

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$89,179,323
Liabilities
$78,297,529
Net assets
$10,881,794
Revenue
$4,763,605
Expenses
$4,105,041
Net income
$658,564
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
2017Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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