Civic Intelligence

Legal Community Credit Union of Colorado

990 • Fiscal year 2016 • EIN 84-0818111

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

Organization Profilewww.coloradolegal.org

View Organization Page

5935 S Zang StLittleton, CO 80127

(303) 860-1117

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.92x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

13.72x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Net Margin

41st percentile

3.0%

Higher net margin than 41% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$69,150

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Asset Growth

70th percentile

4.7%

Faster asset growth than 70% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

16%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$5,041,092

Up $224,276 (+4.7%) from 2015

Net Assets

Up

$378,973

Up $10,130 (+2.7%) from 2015

Liabilities

Up

$4,662,119

Up $214,146 (+4.8%) from 2015

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin41st percentile

Revenue

Up

$339,897

Up $48,086 (+16%) from 2015

Expenses

Up

$329,767

Up $46,756 (+17%) from 2015

Net Income

Up

$10,130

Up $1,330 (+15%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,395,581Liabilities 2010: $4,062,979Net Assets 2010: $332,6022010Assets 2011: $3,662,912Liabilities 2011: $3,368,512Net Assets 2011: $294,4002011Assets 2012: $3,939,237Liabilities 2012: $3,615,904Net Assets 2012: $323,3332012Assets 2013: $4,115,901Liabilities 2013: $3,749,531Net Assets 2013: $366,3702013Assets 2014: $4,193,085Liabilities 2014: $3,833,042Net Assets 2014: $360,0432014Assets 2015: $4,816,816Liabilities 2015: $4,447,973Net Assets 2015: $368,8432015Assets 2016: $5,041,092Liabilities 2016: $4,662,119Net Assets 2016: $378,9732016Assets 2017: $5,162,428Liabilities 2017: $4,759,631Net Assets 2017: $402,7972017Assets 2018: $5,414,595Liabilities 2018: $4,988,219Net Assets 2018: $426,3762018Assets 2019: $5,675,997Liabilities 2019: $5,265,583Net Assets 2019: $410,4142019Assets 2020: $6,029,950Liabilities 2020: $5,601,049Net Assets 2020: $428,9012020Assets 2021: $5,003,841Liabilities 2021: $4,542,405Net Assets 2021: $461,4362021Assets 2022: $5,294,854Liabilities 2022: $4,830,629Net Assets 2022: $464,2252022Assets 2023: $5,480,692Liabilities 2023: $5,033,025Net Assets 2023: $447,6672023Assets 2024: $4,834,333Liabilities 2024: $4,396,200Net Assets 2024: $438,1332024

Highlighted filing

2016

Assets$5,041,092
Liabilities$4,662,119
Net Assets$378,973
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $387,5392010Expenses 2011: $394,4782011Revenue 2012: $340,077Expenses 2012: $311,144Net Income 2012: $28,9332012Revenue 2013: $326,060Expenses 2013: $283,023Net Income 2013: $43,0372013Revenue 2014: $263,752Expenses 2014: $270,079Net Income 2014: -$6,3272014Revenue 2015: $291,811Expenses 2015: $283,011Net Income 2015: $8,8002015Revenue 2016: $339,897Expenses 2016: $329,767Net Income 2016: $10,1302016Revenue 2017: $357,659Expenses 2017: $333,835Net Income 2017: $23,8242017Revenue 2018: $411,609Expenses 2018: $388,030Net Income 2018: $23,5792018Revenue 2019: $397,405Expenses 2019: $413,367Net Income 2019: -$15,9622019Revenue 2020: $358,996Expenses 2020: $340,509Net Income 2020: $18,4872020Revenue 2021: $338,341Expenses 2021: $305,806Net Income 2021: $32,5352021Revenue 2022: $317,940Expenses 2022: $315,151Net Income 2022: $2,7892022Revenue 2023: $349,567Expenses 2023: $366,125Net Income 2023: -$16,5582023Revenue 2024: $356,928Expenses 2024: $366,462Net Income 2024: -$9,5342024

Highlighted filing

2016

Revenue$339,897
Expenses$329,767
Net Income$10,130
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$339,897
Mission and Program Overview

Mission

Options credit union (formally legal community credit union of colorado) was founded in 1979 for the purpose of providing an alternative financial service, focusing on personalized customer service, for our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,876,979$4,373,281▲ $496,302
Savings and Temporary Cash Investments$732,351$447,899▼ $284,452
Rtn Earn Endowment Incm Other Fnds$368,843$378,973▲ $10,130
Land, Buildings, and Equipment, Net$36,411$49,342▲ $12,931
Cash and Non-Interest-Bearing Accounts$42,532$35,241▼ $7,291
Investments Other Securities$20,000$20,000→ $0
Prepaid Expenses and Deferred Charges$19,851$18,254▼ $1,597
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,816,816$5,041,092▲ $224,276
Other Assets Total$88,692$97,075▲ $8,383
Liabilities
Other Liabilities$4,423,934$4,635,307▲ $211,373
Accounts Payable and Accrued Expenses$24,039$26,812▲ $2,773
Total Liabilities$4,447,973$4,662,119▲ $214,146
Net Assets / Fund Balance
Total Net Assets Fund Balance$368,843$378,973▲ $10,130
Total Liabilities and Net Assets / Fund Balance$4,816,816$5,041,092▲ $224,276

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$49,342$84,963$134,305
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sherry EspinozaCEOFT$69,150$69,150

Board Members and Trustees

NameTitle
Jessica MuellerChairman
Dawn McNightVice Chair
Jeremy SitcoffVice Chair
Carrie HaleDirector
Deanna AlbrechtDirector
Kimberly JacksonDirector
Lisa CulpepperDirector
Glenn ArmaniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$338,898
Investment Income
$999
Other Revenue
$0
Change in Net Assets
$10,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,335
Salaries, Compensation, and Employee Benefits$143,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$69,150
Other Salaries and Wages---$62,321
Fees for Services Other---$55,002
Depreciation Depletion---$12,394
Occupancy---$11,314
Payroll Taxes---$9,969
All Other Expenses---$8,618
Other Expenses---$8,587
Advertising---$3,559
Conferences and Meetings---$2,629
Pension Plan Contributions---$1,992
Total Functional Expenses$0$0$0$329,767
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares, Deposits and Certificates$4,635,306
Rounding$1
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, Line 6: Explanation of Classes of Members or Shareholder

“Any member of the Denver Bar Association or Colorado Bar Association, employees of the Denver or Colorado Bar Association, employees of members of the Denver or Colorado Bar Associations, tenants/employees of the 1900 Grant Street building and Creekside at Columbine Office Park, members of the PPIAC, members of the RMPA, employees of the Coal Mine Centre Group, and family members of the above. In 2015, members of Consumers United Association were added as potential members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The members elect the governing body by vote.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“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, Line 11B: Form 990 Review Process

“The Form 990 is prepared by an independent CPA Firm and then reviewed by the Credit Union's CEO before it is electronically filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Director compliance with conflict of interest policy is monitored by the CEO and the Supervisory Committee quarterly. A conflict of interest policy is signed annually by all staff and the Board.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The CEO's compensation evaluation is completed annually by the Board of Directors. All other staff positions are evaluated by the CEO.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents are available for review in the office upon request.”

Filing and Contact Details

Filer

Filer Name
Options Credit Union
EIN
84-0818111
Phone
3038601117
Address
5935 S ZANG ST, LITTLETON, CO 80127

Signing Officer

Name
Sherry Espinoza
Title
CEO
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherry Espinoza
Formed
1979
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
11

Preparer

Firm
Jones Mertsching CPAs PC
Address
32186 Castle Ct Suite 220, Evergreen, CO 80439
Preparer
Eric L Jones
Phone
3034809090
Supplemental Narrative

Additional Explanations

FORM 990, PART 1,LINE 5 &PART V, LINE 2A

“Number of employees is reported as zero as the credit union does not file form w-3. Gusto payroll service, as common paymaster, files form w-3 under their own fein to report the compensation of all credit union employees.”

Raw XML Appendix390 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt024039
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt026812
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Options Credit Union (formally Legal Community Credit Union of Colorado) was founded in 1979 for the purpose of providing an alternative financial service, focusing on personalized customer service, for our community.
IRS990/AdvertisingGrp/TotalAmt03559
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt08618
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0THE CREDIT UNION
IRS990/BooksInCareOfDetail/PhoneNum03038601117
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05935 S ZANG ST 4
IRS990/BooksInCareOfDetail/USAddress/CityNm0LITTLETON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080127
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt042532
IRS990/CashNonInterestBearingGrp/EOYAmt035241
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt069150
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt02629
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0999
IRS990/CYOtherExpensesAmt0186335
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0338898
IRS990/CYRevenuesLessExpensesAmt010130
IRS990/CYSalariesCompEmpBnftPaidAmt0143432
IRS990/CYTotalExpensesAmt0329767
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0339897
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt012394
IRS990/Desc0The Credit Union is owned by approximately 790 members. The Credit Union provides financial services to its members, such as consumer lending, mortgage lending, checking, savings, certificate, and IRA accounts, ATM, debit and credit cards, and other financial services.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt055002
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Dawn McNight
IRS990/Form990PartVIISectionAGrp/PersonNm1Jeremy Sitcoff
IRS990/Form990PartVIISectionAGrp/PersonNm2Carrie Hale
IRS990/Form990PartVIISectionAGrp/PersonNm3Glenn Armani
IRS990/Form990PartVIISectionAGrp/PersonNm4Jessica Mueller
IRS990/Form990PartVIISectionAGrp/PersonNm5Lisa Culpepper
IRS990/Form990PartVIISectionAGrp/PersonNm6Kimberly Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm7Deanna Albrecht
IRS990/Form990PartVIISectionAGrp/PersonNm8Sherry Espinoza
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt869150
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/TitleTxt0Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0339897
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0999
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0999
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt020000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt020000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt053
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt084963
IRS990/LandBldgEquipBasisNetGrp/BOYAmt036411
IRS990/LandBldgEquipBasisNetGrp/EOYAmt049342
IRS990/LandBldgEquipCostOrOtherBssAmt0134305
IRS990/LegalDomicileStateCd0CO
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Options Credit Union (formally Legal Community Credit Union of Colorado) was founded in 1979 for the purpose of providing an alternative financial service, focusing on personalized customer service, for our community.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0368843
IRS990/NetAssetsOrFundBalancesEOYAmt0378973
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt011314
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt088692
IRS990/OtherAssetsTotalGrp/EOYAmt097075
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Office Operations Expense
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Dividends & Interest -Members
IRS990/OtherExpensesGrp/TotalAmt057672
IRS990/OtherExpensesGrp/TotalAmt114578
IRS990/OtherExpensesGrp/TotalAmt211982
IRS990/OtherExpensesGrp/TotalAmt38587
IRS990/OtherLiabilitiesGrp/BOYAmt04423934
IRS990/OtherLiabilitiesGrp/EOYAmt04635307
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt062321
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03876979
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04373281
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt09969
IRS990/PensionPlanContributionsGrp/TotalAmt01992
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019851
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018254
IRS990/PrincipalOfficerNm0Sherry Espinoza
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0Fees Member Service
IRS990/ProgramServiceRevenueGrp/Desc1Interest Member Loans
IRS990/ProgramServiceRevenueGrp/Desc2Other Operating Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076266
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1236371
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt226261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt076266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1236371
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226261
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0936
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0156375
IRS990/PYProgramServiceRevenueAmt0290875
IRS990/PYRevenuesLessExpensesAmt08800
IRS990/PYSalariesCompEmpBnftPaidAmt0126636
IRS990/PYTotalExpensesAmt0283011
IRS990/PYTotalRevenueAmt0291811
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010130
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0368843
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0378973
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0732351
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0447899
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049342
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt084963
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0134305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04635306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares, Deposits and Certificates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049342
IRS990ScheduleD/TotalLiabilityAmt04635307
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Any member of the Denver Bar Association or Colorado Bar Association, employees of the Denver or Colorado Bar Association, employees of members of the Denver or Colorado Bar Associations, tenants/employees of the 1900 Grant Street building and Creekside at Columbine Office Park, members of the PPIAC, members of the RMPA, employees of the Coal Mine Centre Group, and family members of the above. In 2015, members of Consumers United Association were added as potential members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect the governing body by vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Merger - 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/SupplementalInformationDetail/ExplanationTxt3The Form 990 is prepared by an independent CPA Firm and then reviewed by the Credit Union's CEO before it is electronically filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Director compliance with conflict of interest policy is monitored by the CEO and the Supervisory Committee quarterly. A conflict of interest policy is signed annually by all staff and the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The CEO's compensation evaluation is completed annually by the Board of Directors. All other staff positions are evaluated by the CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All documents are available for review in the office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NUMBER OF EMPLOYEES IS REPORTED AS ZERO AS THE CREDIT UNION DOES NOT FILE FORM W-3. GUSTO PAYROLL SERVICE, AS COMMON PAYMASTER, FILES FORM W-3 UNDER THEIR OWN FEIN TO REPORT THE COMPENSATION OF ALL CREDIT UNION EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART 1,LINE 5 &PART V, LINE 2a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04816816
IRS990/TotalAssetsEOYAmt05041092
IRS990/TotalAssetsGrp/BOYAmt04816816
IRS990/TotalAssetsGrp/EOYAmt05041092
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0329767
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04447973
IRS990/TotalLiabilitiesEOYAmt04662119
IRS990/TotalLiabilitiesGrp/BOYAmt04447973
IRS990/TotalLiabilitiesGrp/EOYAmt04662119
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0368843
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0378973
IRS990/TotalProgramServiceRevenueAmt0338898
IRS990/TotalReportableCompFromOrgAmt069150
IRS990/TotalRevenueGrp/ExclusionAmt0999
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0338898
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0339897
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04816816
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05041092
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05931 S Middlefield Rd Ste 100
IRS990/USAddress/CityNm0Littleton
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080123
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.coloradolegal.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sherry Espinoza
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPTIONS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0840818111
ReturnHeader/Filer/PhoneNum03038601117
ReturnHeader/Filer/USAddress/AddressLine1Txt05935 S ZANG ST
ReturnHeader/Filer/USAddress/CityNm0LITTLETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080127
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jones Mertsching CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt032186 Castle Ct Suite 220
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Evergreen
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080439
ReturnHeader/PreparerPersonGrp/PhoneNum03034809090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eric L Jones
ReturnHeader/ReturnTs02017-11-13T10:35:53-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,041,092
Liabilities
$4,662,119
Net assets
$378,973
Revenue
$339,897
Expenses
$329,767
Net income
$10,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$4.40$0.44$0.36$0.37$0.01
2023Summary only. Only limited summary data is available for this year.$5.48$5.03$0.45$0.35$0.37$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$4.83$0.46$0.32$0.32$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.00$4.54$0.46$0.34$0.31$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.03$5.60$0.43$0.36$0.34$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$5.27$0.41$0.40$0.41$0.02
2018Summary only. Only limited summary data is available for this year.$5.41$4.99$0.43$0.41$0.39$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.16$4.76$0.40$0.36$0.33$0.02
2016Detailed filing. Detailed filing data is available for this year.$5.04$4.66$0.38$0.34$0.33$0.01
2015Summary only. Only limited summary data is available for this year.$4.82$4.45$0.37$0.29$0.28$0.01
2014Detailed filing. Detailed filing data is available for this year.$4.19$3.83$0.36$0.26$0.27$0.01
2013Detailed filing. Detailed filing data is available for this year.$4.12$3.75$0.37$0.33$0.28$0.04
2012Summary only. Only limited summary data is available for this year.$3.94$3.62$0.32$0.34$0.31$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$3.37$0.29$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$4.06$0.33$0.39
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $5M-$10M nonprofits