Civic Intelligence

Aventa Credit Union

990 • Fiscal year 2019 • EIN 84-0485197

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 03, 2020

Organization ProfileWWW.AVENTA.COM

View Organization Page

2735 Dublin BlvdColorado Springs, CO 80918

(719) 482-7600

Siviq Scores

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

Liabilities / Assets

68th percentile

0.90x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

35th percentile

14.84x

Higher debt load relative to revenue than 35% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

38th percentile

11%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$273,777

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

93rd percentile

12%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

9.5%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$216,935,146

Up $23,262,311 (+12%) from 2018

Net Assets

Up

$21,893,254

Up $1,489,979 (+7.3%) from 2018

Liabilities

Up

$195,041,892

Up $21,772,332 (+13%) from 2018

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin38th percentile

Revenue

Up

$13,144,301

Up $1,145,714 (+9.5%) from 2018

Expenses

Up

$11,734,061

Up $1,437,551 (+14%) from 2018

Net Income

Down

$1,410,240

Down $291,837 (-17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$300M$200M$100M$0Assets 2010: $135,522,764Liabilities 2010: $124,776,476Net Assets 2010: $10,746,2882010Assets 2011: $134,987,536Liabilities 2011: $123,470,309Net Assets 2011: $11,517,2272011Assets 2012: $151,484,690Liabilities 2012: $138,737,940Net Assets 2012: $12,746,7502012Assets 2013: $152,630,682Liabilities 2013: $138,300,846Net Assets 2013: $14,329,8362013Assets 2014: $158,147,477Liabilities 2014: $141,621,205Net Assets 2014: $16,526,2722014Assets 2015: $163,465,976Liabilities 2015: $145,992,338Net Assets 2015: $17,473,6382015Assets 2016: $172,081,517Liabilities 2016: $153,980,390Net Assets 2016: $18,101,1272016Assets 2017: $172,770,067Liabilities 2017: $154,029,218Net Assets 2017: $18,740,8492017Assets 2018: $193,672,835Liabilities 2018: $173,269,560Net Assets 2018: $20,403,2752018Assets 2019: $216,935,146Liabilities 2019: $195,041,892Net Assets 2019: $21,893,2542019Assets 2020: $244,373,877Liabilities 2020: $222,383,545Net Assets 2020: $21,990,3322020Assets 2021: $264,169,507Liabilities 2021: $240,652,132Net Assets 2021: $23,517,3752021Assets 2022: $288,626,631Liabilities 2022: $264,701,693Net Assets 2022: $23,924,9382022Assets 2023: $274,651,592Liabilities 2023: $251,493,898Net Assets 2023: $23,157,6942023

Highlighted filing

2019

Assets$216,935,146
Liabilities$195,041,892
Net Assets$21,893,254
Open 2019 Filing

Operations Trend

Revenue Growth59th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $11,261,6362010Revenue 2011: $9,403,461Expenses 2011: $8,666,223Net Income 2011: $737,2382011Revenue 2012: $9,366,911Expenses 2012: $8,131,493Net Income 2012: $1,235,4182012Revenue 2013: $9,665,367Expenses 2013: $8,020,447Net Income 2013: $1,644,9202013Revenue 2014: $10,750,905Expenses 2014: $8,594,182Net Income 2014: $2,156,7232014Revenue 2015: $10,751,744Expenses 2015: $9,759,132Net Income 2015: $992,6122015Revenue 2016: $10,369,631Expenses 2016: $9,717,583Net Income 2016: $652,0482016Revenue 2017: $10,440,664Expenses 2017: $9,816,558Net Income 2017: $624,1062017Revenue 2018: $11,998,587Expenses 2018: $10,296,510Net Income 2018: $1,702,0772018Revenue 2019: $13,144,301Expenses 2019: $11,734,061Net Income 2019: $1,410,2402019Revenue 2020: $13,441,963Expenses 2020: $13,384,719Net Income 2020: $57,2442020Revenue 2021: $14,432,586Expenses 2021: $12,866,195Net Income 2021: $1,566,3912021Revenue 2022: $15,058,799Expenses 2022: $14,532,338Net Income 2022: $526,4612022Revenue 2023: $17,181,265Expenses 2023: $17,839,745Net Income 2023: -$658,4802023

Highlighted filing

2019

Revenue$13,144,301
Expenses$11,734,061
Net Income$1,410,240
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$13,144,301
Mission and Program Overview

Mission

It is the mission of Aventa to become our member's life long primary financial institution by providing a system of full consumer and entrepreneurial financial services in a convenient, secure and cost competitive manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$169,659,405$174,811,845▲ $5,152,440
Rtn Earn Endowment Incm Other Fnds$20,403,275$21,893,254▲ $1,489,979
Savings and Temporary Cash Investments$1,955,989$21,742,482▲ $19,786,493
Land, Buildings, and Equipment, Net$2,694,586$2,768,344▲ $73,758
Investments in Publicly Traded Securities$2,264,489$1,831,886▼ $432,603
Cash and Non-Interest-Bearing Accounts$1,260,665$1,452,674▲ $192,009
Intangible Assets$569,282$567,770▼ $1,512
Prepaid Expenses and Deferred Charges$92,818$210,730▲ $117,912
Investments Other Securities$300,841$179,581▼ $121,260
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$193,672,835$216,935,146▲ $23,262,311
Other Assets Total$14,874,760$13,369,834▼ $1,504,926
Liabilities
Other Liabilities$165,997,672$193,146,401▲ $27,148,729
Mortgage Notes Payable Secured by Investment Property$5,000,000--
Accounts Payable and Accrued Expenses$2,268,506$1,890,532▼ $377,974
Escrow Account Liability$3,382$4,959▲ $1,577
Total Liabilities$173,269,560$195,041,892▲ $21,772,332
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,403,275$21,893,254▲ $1,489,979
Total Liabilities and Net Assets / Fund Balance$193,672,835$216,935,146▲ $23,262,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,647,241$2,819,278$4,466,519
Other Land Buildings$399,804$2,574,548$2,974,352
Land$721,299-$721,299
Other Assets Org$21,250--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory J MillsCEOFT$240,962$32,815$273,777
Sandra WellsSVP LendingFT$161,407$20,684$182,091
Sarah HendersonSVP/CFOFT$145,703$18,336$164,039
Karin KovlovskyVP MarketingFT$114,954$12,418$127,372
Deborah BrownVP HrFT$106,370$18,309$124,679
Patrick HarriganChief Risk MitigationFT$94,839$6,150$100,989

Board Members and Trustees

NameTitle
Richard EsgarChairman
Richard C Smith JrVice Chair
Jeff SchultzDirector
Michael Ak FanslerDirector
Robert CuomoDirector
Catherine BuckleySecretary
Terry LowenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,230,755
Investment Income
$407,736
Other Revenue
$505,810
Change in Net Assets
$1,410,240

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,144,301
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,144,301
Total Revenue per Form 990
$13,144,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,390,038
Salaries, Compensation, and Employee Benefits$4,334,023
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,852,555--$2,852,555
Current Officers, Directors, Trustees, and Key Employees$972,947--$972,947
Other Expenses$943,118--$943,118
Depreciation Depletion$350,290--$350,290
Payroll Taxes$259,211--$259,211
Advertising$223,087--$223,087
Occupancy$199,405--$199,405
Information Technology$198,792--$198,792
Conferences and Meetings$185,606--$185,606
Other Employee Benefits$174,704--$174,704
Fees for Services Other$171,978--$171,978
All Other Expenses$88,918--$88,918
Pension Plan Contributions$74,606--$74,606
Interest$35,280--$35,280
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Legal$3,540--$3,540
Total Functional Expenses$11,734,061$0$0$11,734,061

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,734,061
Total Expenses per Audited Statements$11,734,061
Total Expenses per Form 990$11,734,061
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mountain West Credit Union FoundationDenver, CO-For Furniture Purchase$5,000
The Greater Pueblo ChamberPueblo, CO-Community Support of Local Event$5,000
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
Member Shares, Deposits and Certificates$183,250,441
Non Member Certificates$9,895,960
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

“Line 6 explanation - persons eligible for membership include employees (and their family members) of the city of colorado springs, utilities department, police department, fire department, and general city. Membership also includes employees (and their family members) of other city governments, select employee groups and members of associations in the colorado springs, colorado metropolitan area. Membership also includes persons who live or work in saguache county, colorado. A $5 deposit is also required to become a member.”

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

“Line 7a explanation - the governing body is elected by the members at the credit union's annual meeting.”

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

“Line 7b explanation - merger - 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.”

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

“Line 11b explanation - the form 990 is prepared by an independent cpa firm and then reviewed by the credit union's svp finance/cfo and ceo before it is electronically filed.”

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

“Annual training on conflict of interests is held every january. Once the training is completed, a conflict of interest statement is signed by each director.”

Form 990, Part VI, Section B, Line 15

“The board of directors dictates the ceo salary based on written employment contract, compensation survey or study and approval by the board. For other employees, the credit union has an annual review and approval by the employee's supervisor, and a completed, documented review form is filed in the employee's personnel file immediately.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Aventa Credit Union
EIN
84-0485197
Phone
7194827600
Address
2735 DUBLIN BLVD, COLORADO SPRINGS, CO 80918

Signing Officer

Name
Sarah Henderson
Title
SVP/CFO
Phone
7194827600
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory J Mills
Formed
1957
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
94
Volunteers
11

Preparer

Firm
Jones Mertsching Cpas Pc
Address
32186 CASTLE COURT SUITE 220, EVERGREEN, CO 80439
Preparer
Eric L Jones CPA
Phone
3034809090
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 1B:

“The credit union sells first mortgage loans to others with servicing retained. Lines 1c-f are n/a as the servicing is sub-serviced out.”

PART IV, LINE 2B:

“The credit union services first mortgage loans held in its own portfolio. The custodial escrow accounts related to these mortgage loans are included in the credit union's financial statements, and are reported as an escrow liability”

PART X, LINE 2:

“The credit union is exempt, by statute, from federal and state income taxes on income related to its core purpose. The credit union pays tax on any unrelated business taxable income. The credit union had no significant tax liability for the year ended december, 31, 2019.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF RISK MITIGATION
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IRS990/Form990TFiledInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt07310
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt07310
IRS990/GrossReceiptsAmt013144301
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0198792
IRS990/InformationTechnologyGrp/TotalAmt0198792
IRS990/IntangibleAssetsGrp/BOYAmt0569282
IRS990/IntangibleAssetsGrp/EOYAmt0567770
IRS990/InterestGrp/ProgramServicesAmt035280
IRS990/InterestGrp/TotalAmt035280
IRS990/InvestmentIncomeGrp/ExclusionAmt0400426
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0400426
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0300841
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0179581
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02264489
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01831886
IRS990/IRPDocumentCnt01970
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05393826
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02694586
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02768344
IRS990/LandBldgEquipCostOrOtherBssAmt08162170
IRS990/LegalDomicileStateCd0CO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0-122115
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-122115
IRS990/MissionDesc0IT IS THE MISSION OF AVENTA TO BECOME OUR MEMBER'S LIFE LONG PRIMARY FINANCIAL INSTITUTION BY PROVIDING A SYSTEM OF FULL CONSUMER AND ENTREPRENEURIAL FINANCIAL SERVICES IN A CONVENIENT, SECURE AND COST COMPETITIVE MANNER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05000000
IRS990/NetAssetsOrFundBalancesBOYAmt020403275
IRS990/NetAssetsOrFundBalancesEOYAmt021893254
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07310
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07310
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt079739
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0199405
IRS990/OccupancyGrp/TotalAmt0199405
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014874760
IRS990/OtherAssetsTotalGrp/EOYAmt013369834
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0174704
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0174704
IRS990/OtherExpensesGrp/Desc0OFFICE OPERATIONS EXPEN
IRS990/OtherExpensesGrp/Desc1DIVIDENDS & INTEREST -M
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/ProgramServicesAmt02106514
IRS990/OtherExpensesGrp/ProgramServicesAmt11573333
IRS990/OtherExpensesGrp/ProgramServicesAmt21310177
IRS990/OtherExpensesGrp/ProgramServicesAmt3943118
IRS990/OtherExpensesGrp/TotalAmt02106514
IRS990/OtherExpensesGrp/TotalAmt11573333
IRS990/OtherExpensesGrp/TotalAmt21310177
IRS990/OtherExpensesGrp/TotalAmt3943118
IRS990/OtherLiabilitiesGrp/BOYAmt0165997672
IRS990/OtherLiabilitiesGrp/EOYAmt0193146401
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2524298
IRS990/OtherRevenueMiscGrp/Desc0AMORT ACQUISITION DISCOUN
IRS990/OtherRevenueMiscGrp/Desc1NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/Desc2MECH BREAKDOWN INSURANCE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0559849
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0559849
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt147276
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt220800
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt047276
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt120800
IRS990/OtherRevenueTotalAmt0505810
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02852555
IRS990/OtherSalariesAndWagesGrp/TotalAmt02852555
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0169659405
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0174811845
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0259211
IRS990/PayrollTaxesGrp/TotalAmt0259211
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt074606
IRS990/PensionPlanContributionsGrp/TotalAmt074606
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt092818
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0210730
IRS990/PrincipalOfficerNm0GREGORY J MILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST MEMBER LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES MEMBER SERVICE
IRS990/ProgramServiceRevenueGrp/Desc2PLASTICS AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09609006
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11723096
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2898653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09609006
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11723096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2898653
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt05000
IRS990/PYInvestmentIncomeAmt0416097
IRS990/PYOtherExpensesAmt06173053
IRS990/PYOtherRevenueAmt0642094
IRS990/PYProgramServiceRevenueAmt010940396
IRS990/PYRevenuesLessExpensesAmt01702077
IRS990/PYSalariesCompEmpBnftPaidAmt04118457
IRS990/PYTotalExpensesAmt010296510
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011998587
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01410240
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020403275
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021893254
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01955989
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021742482
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01647241
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02819278
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04466519
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011734061
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0721299
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0721299
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0664489
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11516620
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221469
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3132329
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4291431
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5321063
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt64642617
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7923628
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8727000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt93208000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt10670838
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11229100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1221250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SEC 457(B) PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CLEARING ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5FIXED ASSETS IN PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6BENEFIT OFFSET INVESTMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7FHLB MORTGAGE SERVICING ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8MORTGAGE LOANS SOLD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc9CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc10CORPORATE MEMBERSHIP SHARES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc11FHLB PAID IN CAPITAL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc12SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0399804
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02574548
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02974352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0183250441
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19895960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES, DEPOSITS AND CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NON MEMBER CERTIFICATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013144301
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION SELLS FIRST MORTGAGE LOANS TO OTHERS WITH SERVICING RETAINED. LINES 1C-F ARE N/A AS THE SERVICING IS SUB-SERVICED OUT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION SERVICES FIRST MORTGAGE LOANS HELD IN ITS OWN PORTFOLIO. THE CUSTODIAL ESCROW ACCOUNTS RELATED TO THESE MORTGAGE LOANS ARE INCLUDED IN THE CREDIT UNION'S FINANCIAL STATEMENTS, AND ARE REPORTED AS AN ESCROW LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS CORE PURPOSE. THE CREDIT UNION PAYS TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE CREDIT UNION HAD NO SIGNIFICANT TAX LIABILITY FOR THE YEAR ENDED DECEMBER, 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 1B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02768344
IRS990ScheduleD/TotalBookValueOtherAssetsAmt013369834
IRS990ScheduleD/TotalExpensesPerForm990Amt011734061
IRS990ScheduleD/TotalLiabilityAmt0193146401
IRS990ScheduleD/TotalRevenuePerForm990Amt013144301
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013144301
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011734061
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05000
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0COMMUNITY SUPPORT OF LOCAL EVENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FOR FURNITURE PURCHASE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE GREATER PUEBLO CHAMBER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MOUNTAIN WEST CREDIT UNION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0840296940
IRS990ScheduleI/RecipientTable/RecipientEIN1742232424

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$216,935,146
Liabilities
$195,041,892
Net assets
$21,893,254
Revenue
$13,144,301
Expenses
$11,734,061
Net income
$1,410,240
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$275$251$23.2$17.2$17.8$0.66
2022Detailed filing. Detailed filing data is available for this year.$289$265$23.9$15.1$14.5$0.53
2021Detailed filing. Detailed filing data is available for this year.$264$241$23.5$14.4$12.9$1.57
2020Detailed filing. Detailed filing data is available for this year.$244$222$22.0$13.4$13.4$0.06
2019Detailed filing. Detailed filing data is available for this year.$217$195$21.9$13.1$11.7$1.41
2018Detailed filing. Detailed filing data is available for this year.$194$173$20.4$12.0$10.3$1.70
2017Detailed filing. Detailed filing data is available for this year.$173$154$18.7$10.4$9.82$0.62
2016Detailed filing. Detailed filing data is available for this year.$172$154$18.1$10.4$9.72$0.65
2015Detailed filing. Detailed filing data is available for this year.$163$146$17.5$10.8$9.76$0.99
2014Detailed filing. Detailed filing data is available for this year.$158$142$16.5$10.8$8.59$2.16
2013Detailed filing. Detailed filing data is available for this year.$153$138$14.3$9.67$8.02$1.64
2012Summary only. Only limited summary data is available for this year.$151$139$12.7$9.37$8.13$1.24
2011Summary only. Only limited summary data is available for this year.$135$123$11.5$9.40$8.67$0.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$125$10.7$11.3