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Nonprofit · EIN 84-0160254

CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Also known as 47 POWER CREDIT UNION

Tax-exempt · PUEBLO, CO 81004

Financials

$6.7M$6.2M2023$7.8M$6.9M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,768,627$6,914,005$854,622$116,643,851$103,681,359$12,962,492
December 31, 2023990$6,727,230$6,249,351$477,879$115,118,280$102,909,601$12,208,679
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,613,698
Investment income
$1,957,048
Other revenue
$197,881

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,032,518
Salaries, compensation and benefits (total)
$2,472,528
Professional fundraising fees
$0
Legal fees
$3,542
Accounting fees
$53,823
Occupancy
$344,178
Depreciation
$197,881

Balance sheet and other

Total assets, start of year
$115,118,280
Total assets, end of year
$116,643,851
Total liabilities, end of year
$103,681,359
Net assets, end of year
$12,962,492
Land, buildings and equipment
$3,107,642
Publicly traded securities
$13,210,211
Gross unrelated business income
$197,881
Gross receipts
$7,768,627
Employees
53
Volunteers
7
Year formed
1938
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
VANESSA TREXELCEO/PRESIDENT
Officer
40$169,075$20,158
LITA SANDERSVP FINANCE
Officer
40$86,955$5,074
SHARI KRASOVICVP OF HUMAN RESOURCES
Officer
40$77,649$8,429
KENNEDAY GARCIAVP OPERATIONS
Officer
40$69,691$14,668
ERNESTINE TRUJILLOVP OPERATIONS
Officer
40$68,043$9,698
TED COOKBOARD CHAIR
Trustee or director, Officer
2$0$0
MICHAEL PARLAPIANOBOARD VICE CHAIR
Trustee or director, Officer
2$0$0
AVA DEHERRERABOARD SECRETARY/TREASURER
Trustee or director, Officer
2$0$0
MICHAEL JOLLYBOARD MEMBER
Trustee or director
2$0$0
THEODORE LOPEZBOARD MEMBER
Trustee or director
2$0$0
DON TRUJILLOBOARD MEMBER
Trustee or director
2$0$0
DENNIS FURBUSHBOARD MEMBER
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
VANESSA TREXELCEO/PRESIDENT
Officer
40$136,290$20,452
ERNESTINE TRUJILLOVP OF OPERATIONS
Officer
40$73,912$12,525
LITA SANDERSVP OF FINANCE
Officer
40$77,927$5,862
SHARI KRASOVICVP OF HUMAN RESOURCES
Officer
40$62,838$10,906
KELLY SCHERMERHORNVP OF MEMBER EXPERIENCE
Officer
40$32,595$12,271
TED COOKBOARD CHAIR
Trustee or director, Officer
2$0$0
MICHAEL PARLAPIANOBOARD VICE CHAIR
Trustee or director, Officer
2$0$0
AVA DEHERRERABOARD SECRETARY/TREASURER
Trustee or director, Officer
2$0$0
KATIE HEURERMANNBOARD MEMBER
Trustee or director
2$0$0
MICHAEL JOLLYBOARD MEMBER
Trustee or director
2$0$0
THEODORE LOPEZBOARD MEMBER
Trustee or director
2$0$0
DON TRUJILLOBOARD MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1615 E EVANS AVE, PUEBLO, CO 81004-3418
Principal officer (990 for 2024)
VANESSA TREXEL, 1615 E EVANS AVE, PUEBLO, CO 81004
Signed the 990
VANESSA TREXEL, CEO
Phone
(719) 564-0710
Return prepared by
SINGERLEWAK LLP

Mission

TO PROMOTE THRIFT AND 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 TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 12,000 MEMBERS SERVED.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-0160254
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$116,643,851
Income (IRS master file)
$7,768,627

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,768,627$6,914,005$116,643,851IRS
990December 2023$6,727,230$6,249,351$115,118,280XML
990December 2022$5,372,998$4,984,354$119,765,846IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-0160254).

Questions about CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO?
The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO is 84-0160254.
Is CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1968.
Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO?
The 990 for the year ended December 31, 2024 names VANESSA TREXEL.
Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO?
The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $169,075 (VANESSA TREXEL, CEO/PRESIDENT).
How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,768,627, expenses of $6,914,005 and total assets of $116,643,851 at year end.

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