Nonprofit · EIN 84-0188017
CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO
Also known as 20 WESTERRA CREDIT UNION
Tax-exempt · DENVER, CO 80209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $135,792,779 | $130,262,494 | $5,530,285 | $2,129,888,986 | $1,954,650,904 | $175,238,082 |
| December 31, 2023 | 990 | $121,250,039 | $111,713,999 | $9,536,040 | $2,173,846,808 | $2,010,732,809 | $163,113,999 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $94,348,458
- Investment income
- $41,939,385
- Net rental income
- -$495,064
- Net gain from sales of assets
- $658,005
- Other revenue
- -$495,064
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,654,473
- Other salaries and wages
- $22,038,537
- Salaries, compensation and benefits (total)
- $31,742,075
- Professional fundraising fees
- $0
- Legal fees
- $471,361
- Accounting fees
- $415,470
- Occupancy
- $1,420,493
- Travel
- $492,368
- Depreciation
- $3,511,250
Balance sheet and other
- Total assets, start of year
- $2,173,846,808
- Total assets, end of year
- $2,129,888,986
- Total liabilities, end of year
- $1,954,650,904
- Net assets, end of year
- $175,238,082
- Land, buildings and equipment
- $21,164,477
- Gross receipts
- $240,856,375
- Employees
- 347
- Volunteers
- 0
- Year formed
- 1934
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN SCHMIDLE | CHIEF EXECUTIVE OFFICER Officer | 40 | $1,055,797 | $217,291 |
| BROOKE FLEMING | CHIEF LENDING OFFICER Officer | 40 | $329,888 | $115,692 |
| SAMUEL ROY-JACKSON STOOKEY | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $327,942 | $7,901 |
| KEVIN KENDALL | RETAIL MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $272,045 | $20,298 |
| MICHELLE BURKE | VP MORTGAGE LENDING Highest-paid employee | 40 | $232,953 | $53,773 |
| DAVID NEFF | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $261,567 | $13,638 |
| GERALD ANNIS | SVP TECHNOLOGY Key employee | 40 | $230,100 | $41,329 |
| BRIAN BERRIER | VP FINANCE Highest-paid employee | 40 | $233,887 | $20,009 |
| DANIEL J KUTCH | CHIEF FINANCIAL OFFICER Officer | 40 | $218,077 | $10,918 |
| ELINOR FORDYCE | CHIEF PEOPLE OFFICER (THRU 07/05/24) Officer | 40 | $157,423 | $30,769 |
| MILTON STEVENS | CHIEF DIGITAL OFFICER(THRU 01/24/24) Officer | 40 | $71,391 | $0 |
| ANDY RAICEVICH | CHAIRMAN Trustee or director, Officer | 16 | $30,000 | $0 |
| BARRY BEAL JR | TREASURER Trustee or director, Officer | 10 | $25,800 | $0 |
| LARRY OTTELE | VICE CHAIRMAN Trustee or director, Officer | 8 | $24,000 | $0 |
| JAMES KULLHEM | DIRECTOR Trustee or director | 8 | $24,000 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM ABBEY | SECRETARY Trustee or director, Officer | 8 | $24,000 |
| JOHN THOMAS GAIETTO | DIRECTOR Trustee or director | 8 | $24,000 |
| LAURA MORALES | DIRECTOR Trustee or director | 8 | $24,000 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES CHAMPION | PRESIDENT/CHIEF EXECUTIVE Officer | 40 | $851,231 | $93,828 |
| SAMUEL ROY-JACKSON STOOKEY | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $579,641 | $18,237 |
| STEVE SCHMIDLE | CHIEF FINANCIAL OFFICER Officer | 40 | $424,234 | $72,156 |
| BROOKE FLEMING | CHIEF LENDING OFFICER Officer | 40 | $311,485 | $73,653 |
| MATTHEW J DELL | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $311,566 | $26,794 |
| LEE PASCHALL | CHIEF MARKETING OFFICER Officer | 40 | $280,313 | $49,828 |
| DAVID J NEFF | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $283,583 | $32,528 |
| MILTON STEVENS | CHIEF DIGITAL OFFICER Officer | 40 | $250,526 | $55,368 |
| ELINOR FORDYCE | CHIEF PEOPLE OFFICER Officer | 40 | $219,904 | $47,757 |
| MICHELLE BURKE | VP MORTGAGE LENDING Highest-paid employee | 40 | $223,255 | $38,340 |
| ANDREW GARDNER | VP COMMERCIAL SRVC & BUSIN Highest-paid employee | 40 | $226,092 | $26,831 |
| ANDY RAICEVICH | CHAIRMAN Trustee or director, Officer | 10 | $30,000 | $0 |
| BARRY BEAL JR | TREASURER Trustee or director, Officer | 5 | $25,800 | $0 |
| LARRY OTTELE | VICE CHAIRMAN Trustee or director, Officer | 5 | $24,000 | $0 |
| JIM KULLHEM | DIRECTOR Trustee or director | 5 | $24,000 | $0 |
| WILLIAM ABBEY | SECRETARY Trustee or director, Officer | 5 | $24,000 | $0 |
| JOHN THOMAS GAIETTO | DIRECTOR Trustee or director | 5 | $24,000 | $0 |
| LAURA MORALES | DIRECTOR Trustee or director | 5 | $11,697 | $0 |
| RON WALKER | DIRECTOR (UNTIL 05/23) Trustee or director | 5 | $8,000 | $0 |
Address and contacts
- Address (IRS master file)
- 3700 E ALAMEDA AVE, DENVER, CO 80209-3100
- Principal officer (990 for 2024)
- STEVEN SCHMIDLE, 3700 E ALAMEDA AVENUE, DENVER, CO 802093100
- Signed the 990
- DANIEL J KUTCH, CHIEF FINANCIAL OFFICER
- Phone
- (303) 321-4209
- Website
- WWW.WESTERRACU.COM
- Return prepared by
- MOSS ADAMS LLP
Mission
OUR PURPOSE IS TO CARE DEEPLY, EDUCATE ENDLESSLY, AND TO ENRICH LIFE FOR A FINANCIAL COMMUNITY OF MEMBERS AND TO EMPOWER THE MEMBERS TO ACHIEVE THEIR DREAMS.
Program accomplishments
- PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO THE 111,866 MEMBERS OF THE CREDIT UNION.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-0188017
- 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
- Group exemption
- 1948: CREDIT UNIONS CHARTERED IN COLORADO
- Assets (IRS master file)
- $2,129,888,986
- Income (IRS master file)
- $240,856,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $135,792,779 | $130,262,494 | $2,129,888,986 | IRS |
| 990 | December 2023 | $121,250,039 | $111,713,999 | $2,173,846,808 | XML |
| 990 | December 2022 | $72,674,242 | $73,263,219 | $2,204,895,683 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 84-0188017).
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 84-0188017.
- 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 STEVEN SCHMIDLE.
- 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 18 people; 18 received compensation from the organization, the highest $1,055,797 (STEVEN SCHMIDLE, CHIEF EXECUTIVE OFFICER).
- 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 $135,792,779, expenses of $130,262,494 and total assets of $2,129,888,986 at year end.
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