Civic Intelligence

Arapahoe Credit Union

990 • Fiscal year 2011 • EIN 84-0476152

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 05, 2012

Organization Profilewww.arapahoecu.org

View Organization Page

3999 E Arapahoe Rd80122
Siviq Scores

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

Liabilities / Assets

60th percentile

0.90x

Higher debt load relative to assets than 60% of similar nonprofits.

2011 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

61st percentile

6.4%

Faster asset growth than 61% of similar nonprofits.

2011 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$85,947,571

Up $5,164,278 (+6.4%) from 2010

Net Assets

Up

$8,402,032

Up $608,265 (+7.8%) from 2010

Liabilities

Up

$77,545,539

Up $4,556,013 (+6.2%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$4,343,174

Down $288,670 (-6.2%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$200M$150M$100M$50M$0Assets 2010: $80,783,293Liabilities 2010: $72,989,526Net Assets 2010: $7,793,7672010Assets 2011: $85,947,571Liabilities 2011: $77,545,539Net Assets 2011: $8,402,0322011Assets 2012: $93,314,707Liabilities 2012: $84,579,259Net Assets 2012: $8,735,4482012Assets 2013: $100,689,619Liabilities 2013: $91,214,416Net Assets 2013: $9,475,2032013Assets 2014: $109,311,160Liabilities 2014: $99,627,264Net Assets 2014: $9,683,8962014Assets 2015: $118,482,945Liabilities 2015: $108,233,253Net Assets 2015: $10,249,6922015Assets 2016: $121,883,445Liabilities 2016: $111,649,735Net Assets 2016: $10,233,7102016Assets 2017: $124,574,318Liabilities 2017: $113,689,982Net Assets 2017: $10,884,3362017Assets 2018: $144,230,791Liabilities 2018: $133,076,364Net Assets 2018: $11,154,4272018Assets 2019: $138,432,368Liabilities 2019: $126,860,200Net Assets 2019: $11,572,1682019Assets 2020: $150,451,476Liabilities 2020: $138,657,126Net Assets 2020: $11,794,3502020Assets 2021: $161,441,779Liabilities 2021: $148,736,804Net Assets 2021: $12,704,9752021Assets 2022: $173,082,508Liabilities 2022: $159,697,198Net Assets 2022: $13,385,3102022Assets 2023: $164,150,908Liabilities 2023: $153,811,219Net Assets 2023: $10,339,6892023Assets 2024: $154,420,121Liabilities 2024: $143,952,234Net Assets 2024: $10,467,8872024

Highlighted filing

2011

Assets$85,947,571
Liabilities$77,545,539
Net Assets$8,402,032
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,631,8442010Expenses 2011: $4,343,1742011Expenses 2012: $4,259,7532012Revenue 2013: $5,106,197Expenses 2013: $4,270,009Net Income 2013: $836,1882013Revenue 2014: $5,263,260Expenses 2014: $5,054,567Net Income 2014: $208,6932014Revenue 2015: $5,551,925Expenses 2015: $4,986,129Net Income 2015: $565,7962015Revenue 2016: $5,445,656Expenses 2016: $5,461,638Net Income 2016: -$15,9822016Revenue 2017: $5,526,910Expenses 2017: $4,876,284Net Income 2017: $650,6262017Revenue 2018: $6,390,211Expenses 2018: $6,120,120Net Income 2018: $270,0912018Revenue 2019: $7,393,295Expenses 2019: $6,975,554Net Income 2019: $417,7412019Revenue 2020: $7,572,182Expenses 2020: $7,350,000Net Income 2020: $222,1822020Revenue 2021: $8,110,476Expenses 2021: $7,199,851Net Income 2021: $910,6252021Revenue 2022: $10,675,326Expenses 2022: $9,994,991Net Income 2022: $680,3352022Revenue 2023: $10,314,967Expenses 2023: $12,811,290Net Income 2023: -$2,496,3232023Revenue 2024: $10,339,218Expenses 2024: $10,211,020Net Income 2024: $128,1982024

Highlighted filing

2011

Revenue-
Expenses$4,343,174
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 5, 2012
Return Version
2011v1.2
Gross Receipts
$4,904,609
Mission and Program Overview

Mission

Arapahoe Credit Union, through sound fiscal practice, exists to provide innovative products and quality services that help meet the daily financial needs and long-term goals of its members.

Filing and Contact Details

Filer

EIN
84-0476152
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IRS990ScheduleL/Form990ScheduleLPartV/Explanation0The Credit Union has entered into a supplemental retirement plan with its chief executive officer (the executive). The Plan is structured as a secured split dollar agreement in which whole life insurance policies are purchased as a method of paying for insurance coverage and providing a source of supplemental retirement income for the executive. Under the agreement, the executive is the owner of the policies and makes a collateral assignment to the Credit Union in return for a loan equal to the amount of premiums paid by the Credit Union on behalf of the executive plus accrued interest at a specified rate. The loans plus accrued interest are secured by the cash value of the policies, to be repaid by either the cash value of the policies, or out of the life insurance proceeds upon the death of the executive.
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IRS990ScheduleL/LoanTable/NamePerson0Claudia Milan
IRS990ScheduleL/LoanTable/PurposeOfLoan0Supplemental Retirement Plan
IRS990ScheduleL/LoanTable/WrittenAgreement0true
IRS990ScheduleL/TotalBalanceDue0292598
IRS990ScheduleO/GeneralExplanation/Explanation0Upon request.
IRS990ScheduleO/GeneralExplanation/Explanation1The Credit Union uses Compease Structured Compensation to determine the grades and ranges for the CEO and all other positions. The Board of Directors independently reviews the CEO and the CEO reviews the executive team. Each year Compease Structured Compensation is upgraded to the current salary ranges.
IRS990ScheduleO/GeneralExplanation/Explanation2The Board of Directors are required to sign the Conflict of Interest Statement annually. The Credit Union's internal auditor asks for all Official Family accounts quarterly to randomly review accounts. The Credit union also has a diligent vendor selection process to ensure there are no conflicts with directors or employees.
IRS990ScheduleO/GeneralExplanation/Explanation3The completed Form 990, prepared by an independent CPA Firm, will be reviewed by the EVP/CFO for reasonableness. Many of the specific items/questions were prepared by the responsible Management member.
IRS990ScheduleO/GeneralExplanation/Explanation4Merger - Requires two thirds majority vote of voting members.Charter conversion - Requires two thirds majority vote of voting members.Dissolution and liquidation - Requires majorty vote of entire membership.
IRS990ScheduleO/GeneralExplanation/Explanation5The credit union holds an Annual Meeting every year in May, during that meeting an election is held for candidates running for open positions on the board and supervisory committee.
IRS990ScheduleO/GeneralExplanation/Explanation6The field of membership of this credit union shall be: (A member of the immediate family of any person who is eligible for membership in the credit union may also be admitted to membership. "Immediate family" shall mean persons related by blood, by marriage or by adoption.) All employees and students of the public schools in Arapahoe County; employees of the medical profession in Arapahoe County; employees of Arapahoe Community College; persons who live or work in Arapahoe County; Colorado; organizations of such persons; and any small group who has been accepted in accordance with the rules and regulations of the Division of Financial Services.The requirements are an initial deposit into a primary share account and a par value of $5 to be maintained at all times to remain a member in good standing.
IRS990ScheduleO/GeneralExplanation/Explanation7Client Note 1 - UBIT REPORTING:In May 2009, a federal court jury in Wisconsin ruled in the Community First Credit Union case that credit life and disability insurance and GAP insurance coverage made available to member-borrowers by Community First Credit Union of Appleton, Wisconsin were "substantially related" to Community First's tax exempt purpose. The court granted a tax refund to Community First based on the jury's verdict, confirming that credit insurance and GAP were not subject to the unrelated business income tax (UBIT). The IRS did not appeal the case.In November 2009, in the Bellco Credit Union case, the U.S. District Court in Colorado ruled that commissions received by Bellco Credit Union of Greenwood Village, Colorado from the sale of financial products to Bellco members, were not subject to UBIT. The court ruled that the sale of those financial products to Bellco members was "substantially related" to Bellco's tax-exempt purpose of promoting thrift among its members, and the resulting income was exempt from UBIT.In April 2010, the court in Colorado issued its second and final decision in the Bellco Credit Union case, holding that (i) credit life and disability insurance was "substantially related" to Bellco's tax-exempt purpose of promoting thrift among its members, and (ii) Bellco income from AD&D insurance sold to members by an independent marketing company, where Bellco was essentially limited to allowing use of its name and brand, providing member contact information, and reviewing and approving (but not creating) the marketing materials, represented passive "royalty" income exempt from UBIT. On October 19, 2010 the U.S. Department of Justice abandoned its plan to appeal the federal judge's favorable credit union rulings in the Bellco case.The decisions in these court cases are now definitive statements of the law, are not subject to further review, and provide "substantial authority" that income from the sale of credit life and disability insurance, GAP coverage, financial products sold to credit union members, and AD&D insurance sold via direct mail is exempt from UBIT. As such, for 2011, Arapahoe Credit Union is not reporting income from the sale of credit life and disability insurance and GAP coverage as subject to UBIT, but is filing a 2011 Form 990-T.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$85,947,571
Liabilities
$77,545,539
Net assets
$8,402,032
Revenue
-
Expenses
$4,343,174
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$154$144$10.5$10.3$10.2$0.13
2023Detailed filing. Detailed filing data is available for this year.$164$154$10.3$10.3$12.8$2.50
2022Detailed filing. Detailed filing data is available for this year.$173$160$13.4$10.7$9.99$0.68
2021Detailed filing. Detailed filing data is available for this year.$161$149$12.7$8.11$7.20$0.91
2020Detailed filing. Detailed filing data is available for this year.$150$139$11.8$7.57$7.35$0.22
2019Detailed filing. Detailed filing data is available for this year.$138$127$11.6$7.39$6.98$0.42
2018Detailed filing. Detailed filing data is available for this year.$144$133$11.2$6.39$6.12$0.27
2017Detailed filing. Detailed filing data is available for this year.$125$114$10.9$5.53$4.88$0.65
2016Detailed filing. Detailed filing data is available for this year.$122$112$10.2$5.45$5.46$0.02
2015Detailed filing. Detailed filing data is available for this year.$118$108$10.2$5.55$4.99$0.57
2014Detailed filing. Detailed filing data is available for this year.$109$99.6$9.68$5.26$5.05$0.21
2013Detailed filing. Detailed filing data is available for this year.$101$91.2$9.48$5.11$4.27$0.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.3$84.6$8.74$4.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.9$77.5$8.40$4.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.8$73.0$7.79$4.63