Nonprofit · EIN 84-0818111
CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO
Also known as OPTIONS CREDIT UNION
Tax-exempt · LITTLETON, CO 80127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $356,928 | $366,462 | -$9,534 | $4,834,333 | $4,396,200 | $438,133 |
| December 31, 2023 | 990 | $349,567 | $366,125 | -$16,558 | $5,480,692 | $5,033,025 | $447,667 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $340,917
- Investment income
- $14,011
- Other revenue
- $2,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,216
- Other salaries and wages
- $38,467
- Salaries, compensation and benefits (total)
- $135,579
- Professional fundraising fees
- $0
- Occupancy
- $34,411
- Depreciation
- $5,876
Balance sheet and other
- Total assets, start of year
- $5,480,692
- Total assets, end of year
- $4,834,333
- Total liabilities, end of year
- $4,396,200
- Net assets, end of year
- $438,133
- Land, buildings and equipment
- $66,672
- Gross receipts
- $356,928
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1979
- 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 |
|---|---|---|---|---|
| SHERRY ESPINOZA | CEO Officer | 40 | $87,179 | $37 |
| DAWN MCNIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARRIE HALE | SECRETARY Trustee or director | 1 | $0 | $0 |
| DAN CUHLANE | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| TIM GAFFIGAN | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| ALISA STEFFEN | TREASURER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY ESPINOZA | CEO Officer | 40 | $79,238 |
| DAWN MCNIGHT | DIRECTOR Trustee or director | 1 | $0 |
| CARRIE HALE | SECRETARY Trustee or director | 1 | $0 |
| DAN CUHLANE | VICE CHAIR Trustee or director | 1 | $0 |
| TIM GAFFIGAN | CHAIRMAN Trustee or director | 2 | $0 |
| ALISA STEFFEN | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5935 S ZANG ST UNIT 4, LITTLETON, CO 80127-4644
- In care of
- % SHERRY ESPINOZA
- Principal officer (990 for 2024)
- SHERRY ESPINOZA, 5935 S ZANG ST 4, LITTLETON, CO 80127
- Signed the 990
- SHERRY ESPINOZA, CEO
- Phone
- (303) 860-1117
- Website
- WWW.OPTIONSCREDITUNION.COM
- Return prepared by
- JONES MERTSCHING CPAS PC
Mission
OPTIONS CREDIT UNION (FORMALLY LEGAL COMMUNITY CREDIT UNION OF COLORADO) WAS FOUNDED IN 1979 FOR THE PURPOSE OF PROVIDING AN ALTERNATIVE FINANCIAL SERVICE, FOCUSING ON PERSONALIZED CUSTOMER SERVICE, FOR OUR COMMUNITY.
Program accomplishments
- THE CREDIT UNION IS OWNED BY APPROXIMATELY 700 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, MORTGAGE LENDING, CHECKING, SAVINGS, CERTIFICATE, AND IRA ACCOUNTS, ATM, DEBIT AND CREDIT CARDS, AND OTHER FINANCIAL SERVICES.
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
- 84-0818111
- 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)
- $4,834,333
- Income (IRS master file)
- $356,928
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $356,928 | $366,462 | $4,834,333 | XML |
| 990 | December 2023 | $349,567 | $366,125 | $5,480,692 | XML |
| 990 | December 2022 | $317,940 | $315,151 | $5,294,854 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 84-0818111).
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 84-0818111.
- 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 SHERRY ESPINOZA.
- 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 6 people; 1 received compensation from the organization, the highest $87,179 (SHERRY ESPINOZA, CEO).
- 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 $356,928, expenses of $366,462 and total assets of $4,834,333 at year end.
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