2025-11-17T21:00:50-06:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 840660269 COLORADO CREDIT UNION COLO 3039782274 PO BOX 270010 LITTLETON CO 801270001 SCOTT SAGER CFO 3039782274 2025-11-17 1 1 NANAZ BENYAMINI P00748170 3104773924 2025-11-17 2024 2025-03-06 01:10:19Z SCOTT SAGER PO BOX 270010 LITTLETON CO 80127 70363297 0 X WWW.CCU.ORG X 1973 CO TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 11 0 96 11 13083 0 0 0 19927125 22334278 2117821 3355771 15059 13083 22060005 25703132 0 0 0 0 6547102 7413206 0 0 0 13854113 16070081 20401215 23483287 1658790 2219845 374224786 397895301 335900165 356519293 38324621 41376008 TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 25,000 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6405 0 1 96 1 1 1 0 0 0 0 0 0 0 0 0 X 11 0 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X SCOTT SAGER 3039782274 PO BOX 270010 LITTLETON CO 801270001 CLINT BLACKHURST BOARD MEMBER 2.00 X 18000 0 0 RAY GOODWIN VICE CHAIR 2.00 X X 18000 0 0 KATHY SORENSEN ASSISTANT SECRETARY 2.00 X X 18000 0 0 ROLAND CARRILLO ASSISTANT TREASURER 2.00 X X 18000 0 0 JEFF HAGER CHAIR 2.00 X X 25500 0 0 TOM BUSH SECRETARY 2.00 X X 18000 0 0 SAM BIEGELSON BOARD MEMBER 2.00 X 18000 0 0 MARIETTE VAN ENGELEN BOARD MEMBER 2.00 X 18000 0 0 PAUL PATRICCA TREASURER 2.00 X X 19500 0 0 GREG VIERGUTZ BOARD MEMBER 2.00 X 19000 0 0 JASON MCCAULEY BOARD MEMBER 2.00 X 18000 0 0 MICHAEL WILLIAMS PRESIDENT/CEO 45.00 X 346218 0 345954 SCOTT SAGER CHIEF FINANCIAL OFFICER 45.00 X 212936 0 22376 GREGORY HAMILTON EXECUTIVE VICE PRESIDENT 45.00 X 224430 0 33893 AUDREY SNYDER WILLIS VICE PRESIDENT OF HR 40.00 X 149157 0 22415 ELIZABETH DERR VP OF CORPORATE ADMIN 40.00 X 130602 0 18856 JOHN RYAN CHISM CHIEF TECHNOLOGY OFFICER 40.00 X 169885 0 20690 SHAUNA BRAZIL VICE PRESIDENT OF LENDING 40.00 X 134770 0 21401 SARAH K HAERTL VP OF MARKETING, BUSINESS 40.00 X 139505 0 19561 CARL MURPHY VICE PRESIDENT OF RISK MANAGEMENT 40.00 X 119536 0 17529 KIM HARRIS DIRECTOR OF MORTGAGE LENDING 40.00 X 188844 0 19246 JOSHUA HARDEN DIRECTOR OF TRAINING & HR 40.00 X 121417 0 17848 MONA NINETE DIRECTOR OF STRATEGIC INIT 40.00 X 105725 0 17380 KERRY SPRADLING SENIOR ADVISOR 40.00 X 173786 0 22190 2424811 0 599339 13 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 CORE HOST 1076913 CORNERSTONE ADVISORS 7272 E INDAIN SCHOOL RD SUITE 400 SCOTTSDALE AZ 85251 CONSULTING SERVICES 106693 2 INTEREST ON LOANS TO MEMBERS 522100 19900199 19900199 FEES AND CHARGES 522100 2330493 2330493 OTHER INCOME 522100 103586 103586 22334278 2483936 2483936 45532000 44660165 871835 871835 871835 NON-MEMBER ATM FEES 522100 13083 13083 13083 25703132 25690049 13083 0 2642647 3482405 398558 442191 447405 86489 94876 555878 198000 3694239 1075851 155886 567661 INTEREST AND DIVIDENDS 7467746 LOAN SERVICING EXPENSES 1131471 CREDIT LOSS EXPENSE 580010 MISCELLANEOUS OTHER EXP 461974 23483287 1874359 1711588 11856911 42362399 288070469 297252869 17074564 4270167 13288887 12804397 48203376 34871759 10930784 8892289 374224786 397895301 4590253 3224930 331309912 353294363 335900165 356519293 X 0 0 1240482 1240482 37084139 40135526 38324621 41376008 374224786 397895301 2219845 831542 0 X 0 1 X 1 0 1591236 1591236 12033780 1486039 10547741 3449548 2784128 665420 12804397 AVAILABLE FOR SALE SECURITIES 23167517 C PERPETUAL CAPITAL AT CORPORATE CU 809866 C OTHER INVESTMENTS 6699261 C EQUITY SECURITIES 3341503 C TRADING DEBT SECURITIES 853612 C 34871759 MEMBER SHARES AND DEPOSIT ACCOUNTS 349294363 BORROWINGS 4000000 353294363 X 26534674 831542 831542 25703132 0 25703132 23483287 0 23483287 0 23483287 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 YEARS ENDED DECEMBER 31, 2024 OR 2023. X X X 0 1 0 MICHAEL WILLIAMS PRESIDENT/CEO 284518 0 0 0 61700 0 337804 0 8150 0 692172 0 0 0 GREGORY HAMILTON EXECUTIVE VICE PRESIDENT 194941 0 0 0 29489 0 19083 0 14810 0 258323 0 0 0 SCOTT SAGER CHIEF FINANCIAL OFFICER 187411 0 0 0 25525 0 8495 0 13881 0 235312 0 0 0 KIM HARRIS DIRECTOR OF MORTGAGE LENDING 77669 0 95475 0 15700 0 11096 0 8150 0 208090 0 0 0 KERRY SPRADLING SENIOR ADVISOR 165081 0 0 0 8705 0 14040 0 8150 0 195976 0 0 0 JOHN RYAN CHISM CHIEF TECHNOLOGY OFFICER 148429 0 0 0 21456 0 10523 0 10167 0 190575 0 0 0 AUDREY SNYDER WILLIS VICE PRESIDENT OF HR 128182 0 0 0 20975 0 12416 0 9999 0 171572 0 0 0 SARAH K HAERTL VP OF MARKETING, BUSINESS 124489 0 0 0 15016 0 11411 0 8150 0 159066 0 0 0 SHAUNA BRAZIL VICE PRESIDENT OF LENDING 114709 0 0 0 20061 0 11133 0 10268 0 156171 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR SELECT MEMBERS OF MANAGEMENT UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. EACH MEMBER OF MANAGEMENT WHO IS OFFERED THE PLAN MUST BE CONTINUOUSLY EMPLOYED FOR A CERTAIN NUMBER OF YEARS TO EARN THE DEFERRED COMPENSATION PAYMENT. THE FOLLOWING AMOUNTS WERE ACCRUED UNDER THE PLAN FOR 2024: MIKE WILLIAMS: $310,920 FORM 990, PART VI, SECTION A, LINE 6 COLORADO CREDIT UNION, IS A MEMBER-OWNED FINANCIAL COOPERATIVE THAT OPERATES FOR THE BENEFIT OF THE EMPLOYEES, RETIREES AND FAMILY MEMBERS OF JOHNS MANVILLE CORPORATION (FORMERLY SCHULLER CORPORATION) AND ITS WHOLLY OWNED SUBSIDIARIES WHO WORK OR ARE PAID OR SUPERVISED AT VARIOUS LOCATIONS, SELECT EMPLOYER GROUPS, ASSOCIATIONS AND PEOPLE WHO LIVE OR WORK IN CERTAIN COUNTIES AND CENSUS TRACTS OR ZIP CODES. 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 990 RETURN IS REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION. THE BOARD OF DIRECTORS DOES NOT REVIEW THE 990 RETURN PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE "BOARD AND COMMITTEE MEMBERS CONFLICT OF INTEREST POLICY" IS REVIEWED BY THE BOARD ANNUALLY. EACH VOLUNTEER SIGNS THE "CONFLICT OF INTEREST POLICY FORM" ANNUALLY. MANAGEMENT PERIODICALLY SIGNS CONFLICT OF INTEREST FORMS AS WELL, ALTHOUGH LESS FREQUENTLY THAN ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S SALARY IS ESTABLISHED BY THE BOARD OF DIRECTORS. A SALARY SURVEY SYSTEM IS ALSO UTILIZED TO ENSURE THAT COMPENSATION REMAINS WITHIN REASONABLE RANGES. THE PRESIDENT/CEO ESTABLISHES SALARIES FOR ALL KEY EMPLOYEES. A SALARY SURVEY IS ALSO USED FOR KEY EMPLOYEES TO ENSURE THAT SALARIES ARE REASONABLE. ALL SALARY DECISIONS ARE DOCUMENTED ALONG WITH AN ANNUAL PERFORMANCE EVALUATION. COLORADO CREDIT UNION USES THE COMPEASE PROGRAM FOR SALARY ADMINISTRATION. THE PROGRAM IDENTIFIES RANGES BASED ON LEVELS OF RESPONSIBILITY FOR THE POSITION IN THE AREAS OF: EXPERIENCE, EDUCATION, MANAGERIAL RESPONSIBILITY, INTERPERSONAL SKILLS, INDEPENDENT JUDGMENT, MENTAL PROCESS, ORGANIZATIONAL IMPACT, AND ORGANIZATIONAL RESTRAINT. ANNUAL UPDATES TO SALARY RANGES ARE RECEIVED FROM COMPEASE. MID-RANGE OF EACH GRADE IS CONSIDERED MARKET PRICE FOR POSITIONS WITHIN THAT GRADE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AND ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV.