2024-10-25T13:13:03-05:00 2023-12-31 840919886 JONES MERTSCHING CPAS PC 32186 CASTLE COURT SUITE 220 EVERGREEN CO 80439 990 2023-01-01 840485197 AVENTA CREDIT UNION AVEN 7194827600 2735 DUBLIN BLVD COLORADO SPRINGS CO 80918 SARAH HENDERSON SVP/CFO 7194827600 2024-10-22 1 0 ERIC L JONES CPA P00634170 3034809090 2024-10-25 2023 2024-10-15 13:58:12Z GREGORY J MILLS 2735 DUBLIN BLVD COLORADO SPRINGS CO 80918 17181265 0 X WWW.AVENTA.COM X 1957 CO IT IS THE MISSION OF AVENTA TO BECOME OUR MEMBER'S LIFE LONG PRIMARY FINANCIAL INSTITUTION BY PROVIDING A SYSTEM OF FULL CONSUMER AND ENTREPRENEURIAL FINANCIAL SERVICES IN A CONVENIENT, SECURE AND COST COMPETITIVE MANNER. 9 9 117 3 43340 0 0 0 14245582 16221443 410171 916482 403046 43340 15058799 17181265 13000 20500 0 0 5685495 5721173 0 0 0 8833843 12098072 14532338 17839745 526461 -658480 288626631 274651592 264701693 251493898 23924938 23157694 IT IS THE MISSION OF AVENTA TO BECOME OUR MEMBER'S LIFE LONG PRIMARY FINANCIAL INSTITUTION BY PROVIDING A SYSTEM OF FULL CONSUMER AND ENTREPRENEURIAL FINANCIAL SERVICES IN A CONVENIENT, SECURE AND COST COMPETITIVE MANNER. 0 0 17839745 20500 THE CREDIT UNION IS OWNED BY APPROXIMATELY 34,600 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, MORTGAGE LENDING, CHECKING AND SAVINGS DEPOSIT AND CERTIFICATE ACCOUNTS, ATM, DEBIT AND CREDIT CARDS, AND OTHER FINANCIAL SERVICES. 17839745 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2000 0 1 117 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X AVENTA CREDIT UNION 7194827600 2735 DUBLIN BLVD COLORADO SPRINGS CO 80918 RICHARD ESGAR VICE CHAIR 2.00 X 4200 0 0 RICHARD C SMITH JR DIRECTOR 2.00 X 2700 0 0 CATHERINE BUCKLEY SECRETARY 2.00 X 3850 0 0 JEFF SCHULTZ TREASURER 2.00 X 4200 0 0 NORM ANDERSSON CHAIRMAN 4.00 X 4950 0 0 CATHY BULF DIRECTOR 2.00 X 3300 0 0 WOMBA MANGUYA DIRECTOR 2.00 X 2400 0 0 JIM JARVIZ DIRECTOR 2.00 X 2400 0 0 DR LUIS VELEZ DIRECTOR 2.00 X 3300 0 0 GREGORY J MILLS CEO 40.00 X 280532 0 29507 SARAH HENDERSON CFO 40.00 X 178653 0 17276 SANDRA WELLS COO 40.00 X 195571 0 26383 CHRISTINA MAYNE VP IT 40.00 X 119850 0 7366 MELISSA NOBLE HUMAN CAPITAL OFFICER 40.00 X 148861 0 27046 PATRICK HARRIGAN CHIEF RISK MITIGATION 40.00 X 144379 0 23536 1099146 0 131114 6 0 1 0 0 INTEREST MEMBER LOANS 522100 13557150 13557150 FEES MEMBER SERVICE 522100 1494877 1494877 PLASTICS AND OTHER INCOME 522100 1169416 1169416 16221443 916482 916482 NON-MEMBER ATM FEES 522100 35940 35940 MECH BREAKDOWN INSURANCE 524298 7400 7400 43340 17181265 16221443 43340 916482 20500 1387757 3826423 101788 32932 372273 7826 134374 235787 276873 252850 104752 567286 450786 DIVIDENDS & INTEREST -M 3582238 OFFICE OPERATIONS EXPEN 2657118 LOAN SERVICING EXPENSE 2061357 PROVISION FOR LOAN LOSS 1627758 139067 17839745 3661811 1902053 2114431 17111830 483778 351688 256755062 232418186 308375 187367 8052250 3275719 5254911 4776531 1313969 1148860 63195 63178 815607 795313 17855492 15896586 288626631 274651592 2346783 4041440 9023 3382 11927500 10000000 250418387 237449076 264701693 251493898 X 0 0 0 0 23924938 23157694 23924938 23157694 288626631 274651592 X -658480 12607 -121371 X 0 1 X 1 0 1 1 X 731749 731749 6441745 2588417 3853328 878756 687302 191454 4776531 ACCRUED INTEREST RECEIVABLE 859530 NCUSIF DEPOSIT 2120942 OTHER ASSETS 418395 SEC 457(B) PLAN 158105 CLEARING ACCOUNTS 387702 FIXED ASSETS IN PROCESS 96764 FHLB MORTGAGE SERVICING ASSET 313610 CERTIFICATES OF DEPOSIT 9240000 CORPORATE MEMBERSHIP SHARES 670838 FHLB PAID IN CAPITAL 1625700 SECURITY DEPOSIT 5000 15896586 MEMBER SHARES, DEPOSITS AND CERTIFICATES 233320076 NON MEMBER CERTIFICATES 4129000 237449076 X 17181265 0 17181265 0 17181265 17839745 0 17839745 0 17839745 PART IV, LINE 1B: THE CREDIT UNION SELLS FIRST MORTGAGE LOANS TO OTHERS WITH SERVICING RETAINED. LINES 1C-F ARE N/A AS THE SERVICING IS SUB-SERVICED OUT. PART IV, LINE 2B: THE CREDIT UNION SERVICES FIRST MORTGAGE LOANS HELD IN ITS OWN PORTFOLIO. THE CUSTODIAL ESCROW ACCOUNTS RELATED TO THESE MORTGAGE LOANS ARE INCLUDED IN THE CREDIT UNION'S FINANCIAL STATEMENTS, AND ARE REPORTED AS AN ESCROW LIABILITY PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS CORE PURPOSE. THE CREDIT UNION PAYS TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE CREDIT UNION HAD NO SIGNIFICANT TAX LIABILITY FOR THE YEAR ENDED DECEMBER, 31, 2023. 1 PUEBLO CHAMBER OF COMMERCE 302 N SANTA FE AVE PUEBLO CO 81003 840296940 14500 0 COMMUNITY SUPPORT FOR LOCAL EVENTS FIBARK PO BOX 702 SALIDA CO 81201 465391104 6000 0 CORPORATE EVENT SPONSORSHIP PART I, LINE 2: SPONSORSHIP PAYMENTS FOR COMMUNITY EVENTS X 1 1 X X X 0 0 0 GREGORY J MILLS CEO 280532 0 0 0 0 0 13023 0 16484 0 310039 0 0 0 SANDRA WELLS COO 195571 0 0 0 0 0 10002 0 16381 0 221954 0 0 0 SARAH HENDERSON CFO 178653 0 0 0 0 0 8999 0 8277 0 195929 0 0 0 MELISSA NOBLE HUMAN CAPITAL OFFICER 148861 0 0 0 0 0 3696 0 23350 0 175907 0 0 0 PATRICK HARRIGAN CHIEF RISK MITIGATION 144379 0 0 0 0 0 7458 0 16078 0 167915 0 0 0 PART I, LINE 1A THE CEO IS PROVIDED A COUNTY CLUB MEMBERSHIP. THE COUNTRY CLUB DUES ARE INCLUDED IN THE CEO'S TAXABLE COMPENSATION. SANDRA WELLS OFFICER HOME MTG X 361000 335150 0 1 1 ROBERT CUOMO DIRECTOR HOME MTG X 131800 0 0 1 1 JAMES W JARVIS BOARD MEMBER X 21300 16071 0 1 1 RICHARD L ESGAR BOARD MEMBER X 467 0 1 1 351688 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - PERSONS ELIGIBLE FOR MEMBERSHIP INCLUDE EMPLOYEES (AND THEIR FAMILY MEMBERS) OF THE CITY OF COLORADO SPRINGS, UTILITIES DEPARTMENT, POLICE DEPARTMENT, FIRE DEPARTMENT, AND GENERAL CITY. MEMBERSHIP ALSO INCLUDES EMPLOYEES (AND THEIR FAMILY MEMBERS) OF OTHER CITY GOVERNMENTS, SELECT EMPLOYEE GROUPS AND MEMBERS OF ASSOCIATIONS IN THE COLORADO SPRINGS, COLORADO METROPOLITAN AREA. MEMBERSHIP ALSO INCLUDES PERSONS WHO LIVE OR WORK IN SAGUACHE COUNTY, COLORADO. A $5 DEPOSIT IS ALSO REQUIRED TO BECOME A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE GOVERNING BODY IS ELECTED BY THE MEMBERS AT THE CREDIT UNION'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - MERGER - REQUIRES TWO THIRDS MAJORITY VOTE OF VOTING MEMBERS. CHARTER CONVERSION - REQUIRES TWO THIRDS MAJORITY VOTE OF VOTING MEMBERS. DISSOLUTION AND LIQUIDATION - REQUIRES MAJORTY VOTE OF ENTIRE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND THEN REVIEWED BY THE CREDIT UNION'S SVP FINANCE/CFO AND CEO BEFORE IT IS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL TRAINING ON CONFLICT OF INTERESTS IS HELD EVERY JANUARY. ONCE THE TRAINING IS COMPLETED, A CONFLICT OF INTEREST STATEMENT IS SIGNED BY EACH DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DICTATES THE CEO SALARY BASED ON WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD. FOR OTHER EMPLOYEES, THE CREDIT UNION HAS AN ANNUAL REVIEW AND APPROVAL BY THE EMPLOYEE'S SUPERVISOR, AND A COMPLETED, DOCUMENTED REVIEW FORM IS FILED IN THE EMPLOYEE'S PERSONNEL FILE IMMEDIATELY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT REQUIRED BY ASU 2016-13 -121,371.