2024-11-08T11:19:54-06:00 2023-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2023-01-01 840384061 FOOTHILLS CREDIT UNION FOOT 7209628200 7990 W ALAMEDA AVENUE LAKEWOOD CO 80226 MALLORY FISCHBACH CHIEF FINANCIAL OFFICER 3039142222 2024-11-07 1 0 NANAZ BENYAMINI P00666808 3104773924 2024-11-07 2023 2024-10-15 13:58:12Z MALLORY FISCHBACH 3550 CLEAR CREEK DRIVE WHEAT RIDGE CO 80401 7954807 0 X FOOTHILLS-CU.COM X 1987 CO EDUCATING INDIVIDUALS, EMPOWERING FAMILIES AND ENRICHING COMMUNITIES WITH EXCITING FINANCIAL SOLUTIONS. TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBER OF THE CREDIT UNION. 8 4 46 12 0 0 0 0 5046206 6798966 201149 487410 162372 151577 5409727 7437953 0 0 0 0 2389920 2598412 0 0 0 3910393 4986464 6300313 7584876 -890586 -146923 152205277 153183429 140166737 141300661 12038540 11882768 EDUCATING INDIVIDUALS, EMPOWERING FAMILIES AND ENRICHING COMMUNITIES WITH EXCITING FINANCIAL SOLUTIONS. TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBER OF THE CREDIT UNION. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 11,000 MEMBERS SERVED. THIS INCLUDES BOTH DEPOSIT AND LENDING PROGRAMS. PROVIDING OVER $110 MILLION IN LOANS TO OUR MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2737 0 1 46 1 0 0 0 0 0 0 0 0 0 0 X 8 4 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X MALLORY FISCHBACH 7209628200 7990 W ALAMEDA AVE LAKEWOOD CO 80226 AMIRA WATERS DIRECTOR 1.00 X 0 0 0 PAM BEALES VICE-CHAIR 1.00 X X 0 0 0 DAN MCCASKY TREASURER 1.00 X X 0 0 0 DON LOMBARDI DIRECTOR 1.00 X 0 0 0 JEFF STREETER DIRECTOR 1.00 X 0 0 0 JON GROERICH DIRECTOR 1.00 X 0 0 0 PHIL TENNEY BOARD CHAIR 1.00 X X 0 0 0 RUSS TABOR DIRECTOR 1.00 X 0 0 0 SCOTT MCNEIL PRESIDENT 40.00 X 213389 0 21187 MALLORY FISCHBACH CHIEF FINANCIAL OFFICER 40.00 X 126646 0 15995 TIM CATTAU CHIEF LENDING OFFICER 40.00 X 129947 0 7363 MATTHEW LOGAN CHIEF MARKETING OFFICER 40.00 X 109574 0 5242 APRIL AUDETT CHIEF OPERATIONS OFFICER 40.00 X 81077 0 3127 660633 0 52914 4 0 1 0 CU COOPERATIVE SYSTEMS 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 CREDIT CARD PROCESSOR 350492 COMPUTER MARKETING CORP 8520 S SANDY PKWY SANDY UT 84070 DATA PROCESSOR 195133 CONNECTING POINT 2490 W 26TH AVE DENVER CO 80211 MANAGED IT COMPANY 169510 3 INTEREST ON LOANS 522100 5770484 5770484 MEMBER RELATED CUSO IN 522100 705371 705371 FEES AND OTHER CHARGES 522100 323111 323111 6798966 525089 525089 132344 0 132344 132344 132344 479000 175 516854 0 -37854 175 -37679 -37679 MEMBER INSURANCE - OTH 522100 19233 19233 19233 7437953 7475632 0 -37679 713548 1483846 53157 171000 176861 24067 58665 132963 101078 568130 179858 1123094 14529 8119 220946 40449 INTEREST/DIVIDEND PAID 1489233 LOAN SERVICING 646260 PROVISION FOR LOAN LOSS 222347 MISCELLANEOUS EXPENSE 79117 77609 7584876 5047872 7270953 16484365 13029000 4693157 4458293 102591321 106079765 18043799 2821603 15866434 15222196 788406 494966 810646 826067 5923076 5802189 152205277 153183429 994039 1360483 8000000 0 131172698 139940178 140166737 141300661 X 0 0 1442883 1442883 10595657 10439885 12038540 11882768 152205277 153183429 X -146923 6151 -15000 X 0 1 X 1 0 3030083 3030083 13425732 2074479 11351253 1587984 747124 840860 15222196 MEMBERS SHARE AND DEPOSIT ACCOUNTS 139940178 139940178 X 7456399 0 7456399 -18446 -18446 7437953 7603322 0 7603322 -18446 -18446 7584876 PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14) AND, AS SUCH 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 PAYS TAXES ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE CREDIT UNION HAD NO SIGNIFICANT TAX LIABILITY FOR THE YEAR ENDED DECEMBER 31, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN OR (LOSS) ON SALE OF ASSETS -37,679. MEMBER INSURANCE 19,233. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN OR (LOSS) ON SALE OF ASSETS -37,679. MEMBER INSURANCE 19,233. X X 0 0 0 SCOTT MCNEIL PRESIDENT 195919 0 700 0 16770 0 8670 0 12517 0 234576 0 0 0 SCOTT MCNEIL PRESIDENT OVERDRAFT PROTECTION X 1000 987 0 1 1 SCOTT MCNEIL PRESIDENT HELOC X 175000 100101 0 1 1 SCOTT MCNEIL PRESIDENT CREDIT CARD X 20000 18991 0 1 1 SCOTT MCNEIL PRESIDENT AUTO X 41050 33588 0 1 1 SCOTT MCNEIL PRESIDENT 1ST MORTGAGE X 581000 536051 0 1 1 MALLORY FISCHBACH OFFICER 1ST MORTGAGE X 391500 352656 0 1 1 MATT LOGAN OFFICER AUTO X 32082 20500 0 1 1 MATT LOGAN OFFICER 1ST MORTGAGE X 550000 549538 0 1 1 JON GROERICH DIRECTOR HELOC X 396259 121571 0 1 1 JON GROERICH DIRECTOR CREDIT CARD X 1000 22 0 1 1 JON GROERICH DIRECTOR 1ST MORTGAGE X 250000 100512 0 1 1 PHIL TENNEY OFFICER OVERDRAFT PROTECTION X 1500 1500 0 1 1 PHIL TENNEY OFFICER HELOC X 70000 69518 0 1 1 PHIL TENNEY OFFICER CREDIT CARD X 5450 4831 0 1 1 PHIL TENNEY OFFICER UNSECURED X 25000 24653 0 1 1 PHIL TENNEY OFFICER 1ST MORTGAGE X 290844 274509 0 1 1 AMIRA WATTERS DIRECTOR HELOC X 100000 27257 0 1 1 PAM BALES OFFICER AUTO X 18537 7741 0 1 1 PAM BALES OFFICER 1ST MORTGAGE X 468000 443013 0 1 1 SCOTT MCNEIL PRESIDENT BFB SPLIT DOLLAR PLAN X 3872031 1770754 0 1 1 4458293 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ADDED EMERALD ISLE LANDSCAPING AS A MEMBER ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A MEMBER OWNER FINANCIAL COOPERATIVE THAT IS OPERATED FOR THE BENEFIT OF PEOPLE WHO LIVE OR WORK IN JEFFERSON AND LARIMER COUNTY AND VARIOUS SELECT EMPLOYEE GROUPS AND THEIR FAMILIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE FOR MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND CHIEF FINANCIAL OFFICER. THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, STAFF AND VOLUNTEERS ARE REQUIRED TO READ AND SIGN A DOCUMENT VERIFYING THEY HAVE READ THE CONFLICT OF INTEREST POLICY. ANY ISSUES ARE DISCUSSED WITH THE KEY OFFICERS AND THOSE CHARGED WITH GOVERNANCE FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO HAS AN ANNUAL REVIEW OF PERFORMANCE AND COMPENSATION CONDUCTED USING THE CUNA STAFF SALARY REPORT. THE COMPENSATION REVIEW AND ANY CHANGES ARE APPROVED BY THE INDEPENDENT BOARD MEMBERS. THE PROCESS AND APPROVAL IS DOCUMENTED IN THE EXECUTIVE SESSION MINUTES AND THE REVIEW IS KEPT IN THE PRESIDENT/CEO'S PERSONNEL FILE. ALL EMPLOYEES UNDERGO AN ANNUAL REVIEW. THE CEO/PRESIDENT CONDUCTS ALL UPPER MANAGEMENT REVIEWS USING THE CUNA STAFF SALARY REPORT. THE COMPENSATION REVIEW PROCESS AN APPROVAL IS DOCUMENTED IN EACH EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST AND ANNUALLY FOR MEMBERS WHO ATTEND THE ANNUAL MEETING. ANY POLICY REQUEST BY A MEMBER MUST BE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST AND ANNUALLY FOR MEMBERS WHO ATTEND THE ANNUAL MEETING. ANY POLICY REQUEST BY A MEMBER MUST BE APPROVED BY THE BOARD. FORM 990, PART XI, LINE 9: CUMMILATIVE EFFECT ADJUSTMENT DUE TO CHANGE IN ACCOUNTING PRINCIPLE -15,000.