Civic Intelligence

Boulder Dam Credit Union

990 • Fiscal year 2022 • EIN 88-0059939

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

Organization ProfileWWW.BOULDERDAMCU.ORG
PO Box 61530Boulder City, NV 89006-1530

(702) 293-7777

Siviq Scores

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

Liabilities / Assets

48th percentile

0.91x

Higher debt load relative to assets than 48% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

32.51x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Net Margin

97th percentile

35%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

75th percentile

$537,212

Higher top officer pay than 75% of similar nonprofits.

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

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Asset Growth

7th percentile

-3.3%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

34%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$835,531,285

Down $28,598,336 (-3.3%) from 2021

Net Assets

Down

$75,093,528

Down $14,248,321 (-16%) from 2021

Liabilities

Down

$760,437,757

Down $14,350,015 (-1.9%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin97th percentile

Revenue

Up

$23,391,791

Up $5,964,529 (+34%) from 2021

Expenses

Up

$15,254,077

Up $1,457,999 (+11%) from 2021

Net Income

Up

$8,137,714

Up $4,506,530 (+124%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$1.0B$500M$0Assets 2010: $478,908,770Liabilities 2010: $436,834,196Net Assets 2010: $42,074,5742010Assets 2011: $457,411,956Liabilities 2011: $420,335,915Net Assets 2011: $37,076,0412011Assets 2012: $468,874,728Liabilities 2012: $428,810,685Net Assets 2012: $40,064,0432012Assets 2013: $489,554,292Liabilities 2013: $445,221,587Net Assets 2013: $44,332,7052013Assets 2014: $508,358,320Liabilities 2014: $456,798,859Net Assets 2014: $51,559,4612014Assets 2015: $543,819,976Liabilities 2015: $487,885,266Net Assets 2015: $55,934,7102015Assets 2016: $584,085,516Liabilities 2016: $523,912,407Net Assets 2016: $60,173,1092016Assets 2017: $603,174,654Liabilities 2017: $535,923,390Net Assets 2017: $67,251,2642017Assets 2018: $628,904,759Liabilities 2018: $558,143,614Net Assets 2018: $70,761,1452018Assets 2019: $652,906,191Liabilities 2019: $570,008,772Net Assets 2019: $82,897,4192019Assets 2020: $772,081,335Liabilities 2020: $680,170,072Net Assets 2020: $91,911,2632020Assets 2021: $864,129,621Liabilities 2021: $774,787,772Net Assets 2021: $89,341,8492021Assets 2022: $835,531,285Liabilities 2022: $760,437,757Net Assets 2022: $75,093,5282022Assets 2023: $808,419,660Liabilities 2023: $724,453,384Net Assets 2023: $83,966,2762023Assets 2024: $829,187,256Liabilities 2024: $730,626,722Net Assets 2024: $98,560,5342024

Highlighted filing

2022

Assets$835,531,285
Liabilities$760,437,757
Net Assets$75,093,528
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

$40M$30M$20M$10M$0Expenses 2010: $17,385,8412010Expenses 2011: $16,083,6662011Expenses 2012: $11,771,6692012Revenue 2013: $14,574,487Expenses 2013: $10,305,826Net Income 2013: $4,268,6612013Revenue 2014: $17,015,574Expenses 2014: $9,788,818Net Income 2014: $7,226,7562014Revenue 2015: $19,370,367Expenses 2015: $14,891,269Net Income 2015: $4,479,0982015Revenue 2016: $20,480,817Expenses 2016: $15,132,883Net Income 2016: $5,347,9342016Revenue 2017: $21,386,707Expenses 2017: $15,375,863Net Income 2017: $6,010,8442017Revenue 2018: $22,713,811Expenses 2018: $16,282,347Net Income 2018: $6,431,4642018Revenue 2019: $24,979,127Expenses 2019: $18,591,486Net Income 2019: $6,387,6412019Revenue 2020: $21,917,362Expenses 2020: $18,651,428Net Income 2020: $3,265,9342020Revenue 2021: $17,427,262Expenses 2021: $13,796,078Net Income 2021: $3,631,1842021Revenue 2022: $23,391,791Expenses 2022: $15,254,077Net Income 2022: $8,137,7142022Revenue 2023: $35,773,093Expenses 2023: $28,826,427Net Income 2023: $6,946,6662023Revenue 2024: $38,822,882Expenses 2024: $28,934,079Net Income 2024: $9,888,8032024

Highlighted filing

2022

Revenue$23,391,791
Expenses$15,254,077
Net Income$8,137,714
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$24,897,762
Mission and Program Overview

Mission

We are people helping people build their futures and realize their dreams.

We are people helping people build their futures and realize their dreams by providing share and loan accounts and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$532,056,780$553,650,181▲ $21,593,401
Other Notes and Loans Receivable, Net$189,415,888$224,809,064▲ $35,393,176
Rtn Earn Endowment Incm Other Fnds$89,341,849$75,093,528▼ $14,248,321
Cash and Non-Interest-Bearing Accounts$137,702,307$49,424,500▼ $88,277,807
Receivables From Officers Etc$2,362,547$6,525,640▲ $4,163,093
Land, Buildings, and Equipment, Net$1,103,662$1,103,796▲ $134
Prepaid Expenses and Deferred Charges$3,807$3,802▼ $5
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$864,129,621$835,531,285▼ $28,598,336
Other Assets Total$1,484,630$14,302▼ $1,470,328
Liabilities
Other Liabilities$773,205,915$758,887,302▼ $14,318,613
Accounts Payable and Accrued Expenses$1,581,857$1,550,455▼ $31,402
Total Liabilities$774,787,772$760,437,757▼ $14,350,015
Net Assets / Fund Balance
Total Net Assets Fund Balance$89,341,849$75,093,528▼ $14,248,321
Total Liabilities and Net Assets / Fund Balance$864,129,621$835,531,285▼ $28,598,336

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$3,453,294$3,453,294
Land$1,098,662-$1,098,662
Equipment$5,134-$5,134
Other Securities$19,557,957--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric EstesPresident / CEOFT$438,150$99,062$537,212
Steele HendrixEvpFT$275,161$102,032$377,193
Mary Beth CliftTeller SupervisorFT$161,338$47,882$209,220
Teri SimmonsCard Services CoordinatorFT$150,034$47,149$197,183
Barbara BennettLoan SupervisorFT$136,758$50,730$187,488
Kyle JohnsonRisk Management CoordinatorFT$119,378$50,082$169,460
Jaron SingletonAccounting CoordinatorFT$123,672$40,521$164,193

Board Members and Trustees

NameTitle
Doug ScheppmannChair
Robert MerrellVice Chair
Cyndy AndersonDirector
Terry StevensDirector
Tina MullisDirector
Helena BroadbentFormer Director
Charmaine FerrariSecretary
Frank DisanzaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData Processing2601 NETWORK BLVD SUITE 600, Frisco, TX 75034$1,849,424
Business Data INCStatement Processing And MailingPO BOX 6081, Inglewood, CA 90312$156,898
Microfacs INCDocument Preservation3406 LIBRARY LANE, Minneapolis, MN 55426$110,271
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,350,288
Investment Income
$10,599,563
Other Revenue
$441,940
Change in Net Assets
$8,137,714

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,309,468
Revenue Not Reported on Financial Statements
$1,082,323
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,082,323
Total Revenue per Audited Statements
$22,309,468
Total Revenue per Form 990
$23,391,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,335,827
Salaries, Compensation, and Employee Benefits$5,918,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,595,834
Fees for Services Other---$1,607,115
Current Officers, Directors, Trustees, and Key Employees---$914,405
Office Expenses---$698,929
Pension Plan Contributions---$568,819
Other Employee Benefits---$524,751
Insurance---$469,294
Payroll Taxes---$314,441
Occupancy---$295,460
All Other Expenses---$253,856
Advertising---$229,240
Travel---$210,146
Other Expenses---$79,423
Fees for Services Legal---$35,362
Conferences and Meetings---$30,036
Interest---$1
Total Functional Expenses$0$0$0$15,254,077

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,254,077
Expenses per Audited Statements$14,171,754
Total Expenses per Audited Statements$14,171,754
Expenses Not Reported on Financial Statements$1,082,323
Other Expense Adjustments$1,082,323
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$10,000
Total Exempt Function Spending$10,000

Section 527 Organizations

OrganizationLocationAmount
88-0270264Las Vegas, NV$10,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,362,547$6,525,640▲ $4,163,093
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$758,887,302
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Boulder dam credit union has members as specified in its bylaws.”

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

“Boulder dam credit union members have the power to elect the members of the governing body.”

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

“The form 990 is reviewed by the chief executive officer/president, executive vice president, and is approved by the board of directors prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 15A

“The chief executive officer's compensation is established and approved by the entire board of directors. The board of directors reviews compensation data from industry surveys like, the cuna staff salary report or the nafcugallagher executive compensation and benefits survey. This compensation discussion is contemporaneously documented in the executive meeting's minutes. Executive compensation and benefit review takes place annually and was last completed in 2023. Senior management salaries are subject to general index increases applied to all staff and recommended by the chief executive officer to the board of directors for approval.”

Form 990, Part VI, Section C, Line 19

“Boulder dam credit union makes its governing documents, conflict of interest policy, and financial statements available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Boulder Dam Credit Union
EIN
88-0059939
Phone
7022937777
Address
PO BOX 61530, BOULDER CITY, NV 89006-1530

Signing Officer

Name
Eric Estes
Title
President & CEO
Phone
7022937777
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric D Estes
Formed
1940
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
53
Volunteers
9

Preparer

Firm
Rsm US Llp
Address
4650 EAST 53RD STREET, DAVENPORT, IA 52807-3479
Preparer
Jenifer L Chase
Phone
5638884000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees 1,607,115.”

Form 990, Part XI, Line 2C

“The oversight and selection process has not changed from the previous tax year.”

FORM 990, PART I, LINES 14 & 17:

“In 2022, boulder dam credit union determined that it was more appropriate to include in the prior year column for line 17 (other expenses) certain items included in prior year forms 990, part ix, in line 4 (benefits paid to or for members). Conforming adjustments have been made to the current year amounts listed in the current year column of part i and part ix.”

Financial Statement Notes

PART X, LINE 2:

“Boulder dam credit union (the credit union) is exempt, by statute, from federal income taxes. The credit union is a nevada state-chartered credit union described in the internal revenue code (irc) section 501(c)(14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, the credit union is subject to unrelated business income tax (ubit). Fasb codification topic 740, income taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed, and presented in the financial statements. This requires an evaluation of tax positions taken or expected to be taken in the course of preparing the credit union's tax returns to determine whether the tax position is more-likely-than-not "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. For the years ended december 31, 2022, and 2021 management has determined that there are no material uncertain tax positions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Interest refund to members reclassified to functional expense 1,082,323.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest refund to members reclassified to functional expense 1,082,323.”

Raw XML AppendixShowing 400 of 640 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/Desc0ONE OF BOULDER DAM CREDIT UNION'S (THE CREDIT UNION) TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, AND SIGNATURE AND VISA LOANS TO ELIGIBLE MEMBERS. AS OF 12/31/2022, THE CREDIT UNION HAD 2,630 LOANS WITH A BALANCE OF APPROXIMATELY $224 MILLION AND 2,362 VISA CARDS WITH A BALANCE OF APPROXIMATELY $1.943 MILLION.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8441504
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9276500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10164922
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11151452
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12139555
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13119944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14123896
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt10TELLER SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CARD SERVICES COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12LOAN SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13RISK MANAGEMENT COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ACCOUNTING COORDINATOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-235847
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01270124
IRS990/GrossReceiptsAmt024897762
IRS990/GrossRentsGrp/RealAmt023100
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt0469294
IRS990/InterestGrp/TotalAmt01
IRS990/InvestmentIncomeGrp/ExclusionAmt010835410
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010835410
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0532056780
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0553650181
IRS990/IRPDocumentCnt09913
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03453294
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01103662
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01103796
IRS990/LandBldgEquipCostOrOtherBssAmt04557090
IRS990/LegalDomicileStateCd0NV
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01505971
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE PEOPLE HELPING PEOPLE BUILD THEIR FUTURES AND REALIZE THEIR DREAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt089341849
IRS990/NetAssetsOrFundBalancesEOYAmt075093528
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-235847
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-235847
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt023100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt023100
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-22386035
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0295460
IRS990/OfficeExpensesGrp/TotalAmt0698929
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01484630
IRS990/OtherAssetsTotalGrp/EOYAmt014302
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0524751
IRS990/OtherExpensesGrp/Desc0DIVIDENDS PAID TO MEMBE
IRS990/OtherExpensesGrp/Desc1ATM/CARD EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSES
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
IRS990/OtherExpensesGrp/TotalAmt04009437
IRS990/OtherExpensesGrp/TotalAmt11077234
IRS990/OtherExpensesGrp/TotalAmt2340294
IRS990/OtherExpensesGrp/TotalAmt379423
IRS990/OtherLiabilitiesGrp/BOYAmt0773205915
IRS990/OtherLiabilitiesGrp/EOYAmt0758887302
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER NONINTEREST INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0418840
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0418840
IRS990/OtherRevenueTotalAmt0418840
IRS990/OtherSalariesAndWagesGrp/TotalAmt03595834
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0189415888
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0224809064
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0314441
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0568819
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03807
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03802
IRS990/PrincipalOfficerNm0ERIC D ESTES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES & OTHER FEES
IRS990/ProgramServiceRevenueGrp/Desc2PROVISION FOR LOAN LOSSES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010158390
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11164948
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21000000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010158390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11191898
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21000000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt026950
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SECOND MAIN SERVICE THAT BOULDER DAM CREDIT UNION (THE CREDIT UNION) OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. ELIGIBILITY REQUIRES THAT A PERSON LIVE OR WORK IN BOULDER CITY, NEVADA. DUE TO THE EXCEPTIONAL SERVICE LEVEL PROVIDED BY THE CREDIT UNION, APPROXIMATELY 90% OF ELIGIBLE MEMBERS ARE MEMBERS OF THE CREDIT UNION. ONCE AGAIN, THE CREDIT UNION DOES NOT CHARGE FEES FOR DEPOSIT ACCOUNTS; OTHER THAN PUNITIVE FEES FOR OVERDRAFTS AND INSUFFICIENT FUND ITEMS. AT 12/31/2022, THE CREDIT UNION HAD 20,334 MEMBERS TOTALING $758,887,302 IN SHARE DEPOSITS.
IRS990/ProgSrvcAccomActy3Grp/Desc0AN ANCILLARY PRODUCT OFFERED BY BOULDER DAM CREDIT UNION (THE CREDIT UNION) IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, PHONE ACCOUNT ACCESS AND INTERNET ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. ADDITIONALLY, THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK, WHICH ENABLES MEMBER TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. APPROXIMATELY 60% OF OUR MEMBERS UTILIZE SOME TYPE OF ELECTRONIC DELIVERY SERVICE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04834558
IRS990/PYOtherExpensesAmt08254970
IRS990/PYOtherRevenueAmt023175
IRS990/PYProgramServiceRevenueAmt012569529
IRS990/PYRevenuesLessExpensesAmt03631184
IRS990/PYSalariesCompEmpBnftPaidAmt05541108
IRS990/PYTotalExpensesAmt013796078
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017427262
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt02362547
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt06525640
IRS990/ReconcilationRevenueExpnssAmt08137714
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt023100
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt089341849
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt075093528
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt010000
IRS990ScheduleC/PoliticalExpendituresAmt010000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0880270264
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0NEVADA CREDIT UNION LEAGUE PAC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt010000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt06475 W SAHARA AVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0LAS VEGAS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0NV
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd089146
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0BOULDER DAM CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE NEVADA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC). THIS PAC MAKES CONTRIBUTIONS TO STATE LEVEL CANDIDATES WHO ARE FRIENDS OF CREDIT UNIONS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt010000
IRS990ScheduleC/VolunteerHoursCnt0150
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03453294
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03453294
IRS990ScheduleD/EquipmentGrp/BookValueAmt05134
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05134
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01082323
IRS990ScheduleD/ExpensesSubtotalAmt014171754
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01098662
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01098662
IRS990ScheduleD/OtherExpensesNotIncludedAmt01082323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0758887302
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01082323
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02503829
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt110501748
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2453160116
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt351234468
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt416672063
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt520000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt619557957
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ACCRUED INTEREST/INCOME
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SHARE INSURANCE DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2AVAILABLE FOR SALE
IRS990ScheduleD/OtherSecuritiesGrp/Desc3US GOV'T OBLIGATIONS & FED AGENCY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4FED AGENCY SEC/RESIDENTIAL MTG-BACKED SEC/SBA POOLS/COLLATERALIZED MTG
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CU COOPERATIVE SYSTEMS STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc6FHLB DEPOSIT / CAPITAL ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01082323
IRS990ScheduleD/RevenueSubtotalAmt022309468
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOULDER DAM CREDIT UNION (THE CREDIT UNION) IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. THE CREDIT UNION IS A NEVADA STATE-CHARTERED CREDIT UNION DESCRIBED IN THE INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). FASB CODIFICATION TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES AN EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITION IS MORE-LIKELY-THAN-NOT "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2022, AND 2021 MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST REFUND TO MEMBERS RECLASSIFIED TO FUNCTIONAL EXPENSE 1,082,323.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTEREST REFUND TO MEMBERS RECLASSIFIED TO FUNCTIONAL EXPENSE 1,082,323.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01103796
IRS990ScheduleD/TotalBookValueSecuritiesAmt0553650181
IRS990ScheduleD/TotalExpensesPerForm990Amt015254077
IRS990ScheduleD/TotalLiabilityAmt0758887302

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$835,531,285
Liabilities
$760,437,757
Net assets
$75,093,528
Revenue
$23,391,791
Expenses
$15,254,077
Net income
$8,137,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$829$731$98.6$38.8$28.9$9.89
2023Detailed filing. Detailed filing data is available for this year.$808$724$84.0$35.8$28.8$6.95
2022Detailed filing. Detailed filing data is available for this year.$836$760$75.1$23.4$15.3$8.14
2021Detailed filing. Detailed filing data is available for this year.$864$775$89.3$17.4$13.8$3.63
2020Detailed filing. Detailed filing data is available for this year.$772$680$91.9$21.9$18.7$3.27
2019Detailed filing. Detailed filing data is available for this year.$653$570$82.9$25.0$18.6$6.39
2018Detailed filing. Detailed filing data is available for this year.$629$558$70.8$22.7$16.3$6.43
2017Detailed filing. Detailed filing data is available for this year.$603$536$67.3$21.4$15.4$6.01
2016Detailed filing. Detailed filing data is available for this year.$584$524$60.2$20.5$15.1$5.35
2015Detailed filing. Detailed filing data is available for this year.$544$488$55.9$19.4$14.9$4.48
2014Detailed filing. Detailed filing data is available for this year.$508$457$51.6$17.0$9.79$7.23
2013Detailed filing. Detailed filing data is available for this year.$490$445$44.3$14.6$10.3$4.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$469$429$40.1$11.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$457$420$37.1$16.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$479$437$42.1$17.4