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Nonprofit · EIN 88-0059939

BOULDER DAM CREDIT UNION

Tax-exempt · BOULDER CITY, NV 89006

Financials

$35.8M$28.8M2023$38.8M$28.9M2024
Revenue Expenses · by fiscal year end
Financials of BOULDER DAM CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$38,822,882$28,934,079$9,888,803$829,187,256$730,626,722$98,560,534
December 31, 2023990$35,773,093$28,826,427$6,946,666$808,419,660$724,453,384$83,966,276
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$17,362,881
Investment income
$21,445,714
Net rental income
$14,287
Other revenue
$14,287

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$898,246
Other salaries and wages
$3,620,533
Salaries, compensation and benefits (total)
$6,123,708
Professional fundraising fees
$0
Legal fees
$63,822
Occupancy
$743,818
Travel
$235,362
Depreciation
$34,812

Balance sheet and other

Total assets, start of year
$808,419,660
Total assets, end of year
$829,187,256
Total liabilities, end of year
$730,626,722
Net assets, end of year
$98,560,534
Land, buildings and equipment
$1,098,662
Gross unrelated business income
$130,799
Gross receipts
$38,822,882
Employees
53
Volunteers
11
Year formed
1940
State of legal domicile
NV

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
STEELE HENDRIXPRESIDENT / CEO
Officer
40$342,043$114,656
KYLE JOHNSONVICE-PRESIDENT / RISK MANAGEMENT
Key employee
40$156,143$69,093
MARY BETH CLIFTMEMBER SERVICES COORDINATOR
Highest-paid employee
40$170,883$48,268
JARON SINGLETONVICE-PRESIDENT / CFO
Officer
40$156,329$59,981
BARBARA BENNETTLOAN COORDINATOR
Highest-paid employee
40$139,414$50,837
TERI SIMMONSASSISTANT OPERATIONS COORDINATOR
Highest-paid employee
40$127,513$43,679
KIM DENNETTASSISTANT LOAN COORDINATOR
Highest-paid employee
40$115,989$42,179
NANCY WARDFORMER ACCOUNT ADMINISTRATOR
Highest-paid employee
40$139,035$12,891
CYNDY ANDERSONDIRECTOR
Trustee or director
2$0$0
FRANK DISANZATREASURER
Trustee or director, Officer
2$0$0
CHARMAINE FERRARISECRETARY
Trustee or director, Officer
2$0$0
ROBERT MERRELLVICE CHAIR
Trustee or director, Officer
2$0$0
TINA MULLISDIRECTOR
Trustee or director
2$0$0
TERRY STEVENSDIRECTOR
Trustee or director
2$0$0
DOUG SCHEPPMANCHAIR
Trustee or director, Officer
2$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
ERIC ESTESFORMER PRESIDENT / CEO
Officer
40$480,132$100,953
STEELE HENDRIXPRESIDENT / CEO
Officer
40$320,944$105,554
MARY BETH CLIFTMEMBER SERVICE COORDINATOR
Highest-paid employee
40$161,716$44,630
BARBARA BENNETTLOAN COORDINATOR
Highest-paid employee
40$146,411$50,467
TERI SIMMONSASSISTANT OPERATIONS COORDINATOR
Highest-paid employee
40$136,003$43,429
JARON SINGLETONACCOUNTING MANAGER
Highest-paid employee
40$131,146$42,574
KYLE JOHNSONCOMPLIANCE MANAGER
Highest-paid employee
40$122,378$51,163
CYNDY ANDERSONDIRECTOR
Trustee or director
2$0$0
FRANK DISANZATREASURER
Trustee or director, Officer
2$0$0
CHARMAINE FERRARISECRETARY
Trustee or director, Officer
2$0$0
ROBERT MERRELLVICE CHAIR
Trustee or director, Officer
2$0$0
TINA MULLISDIRECTOR
Trustee or director
2$0$0
DOUG SCHEPPMANNCHAIR
Trustee or director, Officer
2$0$0
TERRY STEVENSDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
PO BOX 61530, BOULDER CITY, NV 89006-1530
Mailing address (990-N for 2008)
P O BOX 60842, BOULDER CITY NV 890060842
Principal officer (990 for 2024)
STEELE HENDRIX, PO BOX 61530, BOULDER CITY, NV 890061530
Principal officer (990-N for 2008)
CAROLYN J MURPHY, P O BOX 60842, BOULDER CITY NV 890060842
Signed the 990
STEELE HENDRIX, PRESIDENT & CEO
Phone
(702) 293-7777
Return prepared by
RSM US LLP

Mission

OUR MISSION IS TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS BY PROVIDING EXCEPTIONAL SERVICE, INSTITUTIONAL INTEGRITY AND FINANCIAL STABILITY. WE ARE COMMITTED TO DELIVERING COMPETITIVE PRODUCTS, INNOVATIVE SERVICES AND TIMELY EDUCATION WHILE OFFERING OUR EMPLOYEES A PROFESSIONAL, CHALLENGING AND REWARDING CAREER.

990 for the year ended December 31, 2024

Program accomplishments

  • ONE OF BOULDER DAM CREDIT UNION'S (THE CREDIT UNION) TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, AND SIGNATURE AND VISA LOANS TO ELIGIBLE MEMBERS. AS OF 12/31/2024, THE CREDIT UNION HAD 3,430 LOANS WITH A TOTAL BALANCE OF APPROXIMATELY $316.6 MILLION AND 2,211 VISA CARDS WITH A BALANCE OF APPROXIMATELY $1.92 MILLION.
  • THE SECOND MAIN SERVICE THAT BOULDER DAM CREDIT UNION (THE CREDIT UNION) OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. ELIGIBILITY REQUIRES THAT A PERSON LIVE OR WORK IN BOULDER CITY, NEVADA. DUE TO THE EXCEPTIONAL SERVICE LEVEL PROVIDED BY THE CREDIT UNION, APPROXIMATELY 90% OF ELIGIBLE MEMBERS ARE MEMBERS OF THE CREDIT UNION. ONCE AGAIN, THE CREDIT UNION DOES NOT CHARGE FEES FOR DEPOSIT ACCOUNTS; OTHER THAN PUNITIVE FEES FOR OVERDRAFTS AND INSUFFICIENT FUND ITEMS. AT 12/31/2024, THE CREDIT UNION HAD 20,103 MEMBERS TOTALING $729,259,899 IN SHARE DEPOSITS.
  • AN ANCILLARY PRODUCT OFFERED BY BOULDER DAM CREDIT UNION (THE CREDIT UNION) IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, MOBILE APP ACCESS, ZELLE, PHONE ACCOUNT ACCESS AND INTERNET ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. ADDITIONALLY, THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK, WHICH ENABLES MEMBER TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. APPROXIMATELY 60% OF OUR MEMBERS UTILIZE SOME TYPE OF ELECTRONIC DELIVERY SERVICE.

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
88-0059939
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$829,187,256
Income (IRS master file)
$38,822,882

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$38,822,882$28,934,079$829,187,256XML
990December 2023$35,773,093$28,826,427$808,419,660XML
990December 2022$23,391,791$15,254,077$835,531,285IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2008
Officer: CAROLYN J MURPHY
December 31, 2008≤ $50,000 receipts––e-Postcard

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 88-0059939).

Questions about BOULDER DAM CREDIT UNION

What is the EIN of BOULDER DAM CREDIT UNION?
The employer identification number (EIN) of BOULDER DAM CREDIT UNION is 88-0059939.
Is BOULDER DAM CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1980.
Are donations to BOULDER DAM CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BOULDER DAM CREDIT UNION 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 BOULDER DAM CREDIT UNION 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 BOULDER DAM CREDIT UNION 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 BOULDER DAM CREDIT UNION?
The 990 for the year ended December 31, 2024 names STEELE HENDRIX.
Who are the officers and directors of BOULDER DAM CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 15 people; 8 received compensation from the organization, the highest $342,043 (STEELE HENDRIX, PRESIDENT / CEO).
How much revenue does BOULDER DAM CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $38,822,882, expenses of $28,934,079 and total assets of $829,187,256 at year end.

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