Civic Intelligence

Boulder Dam Credit Union

990 • Fiscal year 2023 • EIN 88-0059939

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

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

37th percentile

0.90x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

20.25x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Net Margin

79th percentile

19%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

74th percentile

$581,085

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Asset Growth

16th percentile

-3.2%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

53%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$808,419,660

Down $27,111,625 (-3.2%) from 2022

Net Assets

Up

$83,966,276

Up $8,872,748 (+12%) from 2022

Liabilities

Down

$724,453,384

Down $35,984,373 (-4.7%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin79th percentile

Revenue

Up

$35,773,093

Up $12,381,302 (+53%) from 2022

Expenses

Up

$28,826,427

Up $13,572,350 (+89%) from 2022

Net Income

Down

$6,946,666

Down $1,191,048 (-15%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2023

Assets$808,419,660
Liabilities$724,453,384
Net Assets$83,966,276
Open 2023 Filing

Operations Trend

Revenue Growth97th 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

2023

Revenue$35,773,093
Expenses$28,826,427
Net Income$6,946,666
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$35,773,093
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$553,650,181$482,675,229▼ $70,974,952
Other Notes and Loans Receivable, Net$224,809,064$271,173,158▲ $46,364,094
Rtn Earn Endowment Incm Other Fnds$75,093,528$83,966,276▲ $8,872,748
Cash and Non-Interest-Bearing Accounts$49,424,500$46,772,203▼ $2,652,297
Receivables From Officers Etc$6,525,640$6,681,752▲ $156,112
Land, Buildings, and Equipment, Net$1,103,796$1,098,662▼ $5,134
Prepaid Expenses and Deferred Charges$3,802$4,398▲ $596
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$835,531,285$808,419,660▼ $27,111,625
Other Assets Total$14,302$14,258▼ $44
Liabilities
Other Liabilities$758,887,302$723,242,404▼ $35,644,898
Accounts Payable and Accrued Expenses$1,550,455$1,210,980▼ $339,475
Total Liabilities$760,437,757$724,453,384▼ $35,984,373
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,093,528$83,966,276▲ $8,872,748
Total Liabilities and Net Assets / Fund Balance$835,531,285$808,419,660▼ $27,111,625

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$4,306,022$4,306,022
Land$1,098,662-$1,098,662
Equipment$0$248,274$248,274
Other Securities$22,225,730--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric EstesFormer President / CEOFT$476,778$104,307$581,085
Steele HendrixPresident / CEOFT$319,233$107,265$426,498
Mary Beth CliftMember Service CoordinatorFT$159,244$47,102$206,346
Barbara BennettLoan CoordinatorFT$143,486$53,392$196,878
Teri SimmonsAssistant Operations CoordinatorFT$134,522$44,910$179,432
Jaron SingletonAccounting ManagerFT$130,909$42,811$173,720
Kyle JohnsonCompliance ManagerFT$121,779$51,762$173,541

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData Processing2601 NETWORK BLVD SUITE 600, Frisco, TX 75034$2,570,673
Quality Construction ManagersConstruction1011 INDUSTRIAL RD STE 5, Boulder City, NV 89005$840,235
Dyntek Services INCComputer5241 CALIFORNIA AVE STE 150, Irvine, CA 92617$166,455
Diebold NixdorfAtm Services And SupportPO BOX 643543, Pittsburgh, PA 15264$164,818
Business Data INCStatement Processing And MailingPO BOX 6081, Inglewood, CA 90312$155,962
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,625,441
Investment Income
$21,572,107
Other Revenue
$575,545
Change in Net Assets
$6,946,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,160,170
Revenue Not Reported on Financial Statements
$612,923
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$612,923
Total Revenue per Audited Statements
$35,160,170
Total Revenue per Form 990
$35,773,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,823,139
Salaries, Compensation, and Employee Benefits$6,003,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,551,377
Fees for Services Other---$2,030,229
Occupancy---$1,112,181
Current Officers, Directors, Trustees, and Key Employees---$1,007,583
Office Expenses---$676,817
Other Employee Benefits---$568,369
Pension Plan Contributions---$547,457
Payroll Taxes---$328,502
Depreciation Depletion---$248,274
Advertising---$214,016
Travel---$175,433
All Other Expenses---$132,856
Insurance---$130,681
Other Expenses---$93,588
Conferences and Meetings---$31,035
Interest---$17
Total Functional Expenses$0$0$0$28,826,427

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,826,427
Expenses per Audited Statements$28,213,504
Total Expenses per Audited Statements$28,213,504
Expenses Not Reported on Financial Statements$612,923
Other Expense Adjustments$612,923
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$6,525,640$6,681,752▲ $156,112
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$723,242,404
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 A, Line 8B

“Boulder dam credit union does not have any committees with authority to act on behalf of the governing body.”

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

“The form 990 is reviewed by the chief executive officer/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 nafcu gallagher executive compensation and benefits survey. This compensation discussion is contemporaneously documented in the board meeting's minutes. Executive compensation and benefit reviews takes place annually and was last completed in 2024.”

Form 990, Part VI, Section C, Line 19

“Boulder dam credit union makes its governing documents and audited 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). Boulder dam credit union does not have a conflict of interest policy.”

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
Steele Hendrix
Title
President & CEO
Phone
7022937777
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steele Hendrix
Formed
1940
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
50
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 XI, LINE 2C:

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

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, 2023, and 2022 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 612,923.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest refund to members reclassified to functional expense 612,923.”

Raw XML AppendixShowing 400 of 631 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 12/31/2023, THE CREDIT UNION HAD 3,020 LOANS WITH A BALANCE OF APPROXIMATELY $270.4 MILLION AND 2,287 VISA CARDS WITH A BALANCE OF APPROXIMATELY $1.88 MILLION.
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IRS990/Form990PartVIISectionAGrp/PersonNm6TERRY STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm7ERIC ESTES
IRS990/Form990PartVIISectionAGrp/PersonNm8STEELE HENDRIX
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY BETH CLIFT
IRS990/Form990PartVIISectionAGrp/PersonNm10TERI SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm11BARBARA BENNETT
IRS990/Form990PartVIISectionAGrp/PersonNm12KYLE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm13JARON SINGLETON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7480132
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8320944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9161716
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10136003
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11146411
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12122378
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13131146
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FORMER PRESIDENT / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER SERVICE COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT OPERATIONS COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11LOAN COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12COMPLIANCE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt13ACCOUNTING MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt035773093
IRS990/GrossRentsGrp/RealAmt023100
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt0130681
IRS990/InterestGrp/TotalAmt017
IRS990/InvestmentIncomeGrp/ExclusionAmt021572107
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021572107
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0553650181
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0482675229
IRS990/IRPDocumentCnt012969
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04554296
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01103796
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01098662
IRS990/LandBldgEquipCostOrOtherBssAmt05652958
IRS990/LegalDomicileStateCd0NV
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE PEOPLE HELPING PEOPLE BUILD THEIR FUTURES AND REALIZE THEIR DREAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt075093528
IRS990/NetAssetsOrFundBalancesEOYAmt083966276
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt023100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt023100
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01926082
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01112181
IRS990/OfficeExpensesGrp/TotalAmt0676817
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014302
IRS990/OtherAssetsTotalGrp/EOYAmt014258
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0568369
IRS990/OtherExpensesGrp/Desc0DIVIDENDS PAID TO MEMBE
IRS990/OtherExpensesGrp/Desc1ATM/CARD EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSES
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
IRS990/OtherExpensesGrp/TotalAmt016326266
IRS990/OtherExpensesGrp/TotalAmt11328024
IRS990/OtherExpensesGrp/TotalAmt2323722
IRS990/OtherExpensesGrp/TotalAmt393588
IRS990/OtherLiabilitiesGrp/BOYAmt0758887302
IRS990/OtherLiabilitiesGrp/EOYAmt0723242404
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER NONINTEREST INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0552445
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0552445
IRS990/OtherRevenueTotalAmt0552445
IRS990/OtherSalariesAndWagesGrp/TotalAmt03551377
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0224809064
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0271173158
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0328502
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0547457
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03802
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04398
IRS990/PrincipalOfficerNm0STEELE HENDRIX
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES & OTHER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012415834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11066788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012415834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11209607
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0142819
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 12/31/2023, THE CREDIT UNION HAD 20,274 MEMBERS TOTALING $723,242,404 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/PYInvestmentIncomeAmt010599563
IRS990/PYOtherExpensesAmt09335827
IRS990/PYOtherRevenueAmt0441940
IRS990/PYProgramServiceRevenueAmt012350288
IRS990/PYRevenuesLessExpensesAmt08137714
IRS990/PYSalariesCompEmpBnftPaidAmt05918250
IRS990/PYTotalExpensesAmt015254077
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023391791
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt06525640
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt06681752
IRS990/ReconcilationRevenueExpnssAmt06946666
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt023100
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt075093528
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt083966276
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt010000
IRS990ScheduleC/PoliticalExpendituresAmt010000
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt00
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/DepreciationAmt04306022
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04306022
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0248274
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0248274
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0612923
IRS990ScheduleD/ExpensesSubtotalAmt028213504
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01098662
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01098662
IRS990ScheduleD/OtherExpensesNotIncludedAmt0612923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0723242404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0612923
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02643856
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt110315572
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2385032122
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt351323539
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt411114410
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt520000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt622225730
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/RevenueNotReportedFinclStmtAmt0612923
IRS990ScheduleD/RevenueSubtotalAmt035160170
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, 2023, AND 2022 MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST REFUND TO MEMBERS RECLASSIFIED TO FUNCTIONAL EXPENSE 612,923.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTEREST REFUND TO MEMBERS RECLASSIFIED TO FUNCTIONAL EXPENSE 612,923.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01098662
IRS990ScheduleD/TotalBookValueSecuritiesAmt0482675229
IRS990ScheduleD/TotalExpensesPerForm990Amt028826427
IRS990ScheduleD/TotalLiabilityAmt0723242404
IRS990ScheduleD/TotalRevenuePerForm990Amt035773093

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$808,419,660
Liabilities
$724,453,384
Net assets
$83,966,276
Revenue
$35,773,093
Expenses
$28,826,427
Net income
$6,946,666
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