Credit Union Of The Rockies

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840402825 ✦ Golden, CO ✦ Designated as a 501(c)(14)

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Overview

What is Credit Union Of The Rockies?

Credit Union of the Rockies is a nonprofit organization, specifically a credit union, serving over 9,000 members in Colorado. Their primary mission is to promote savings among their members and provide them with affordable credit opportunities. They achieve this by allowing members to save and subsequently lend out their savings to others within the credit union. Located in Golden, Colorado, the credit union provides a wide range of financial products and services to its members. With a team of 43 dedicated employees, they work diligently to meet the financial needs of their members.


Official website here: www.cu-rockies.org

Is Credit Union Of The Rockies legitimate?

Credit Union Of The Rockies is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of The Rockies submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $495,486
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,582,320

For more financial information, click here


Official website here: www.cu-rockies.org

What is the mission statement of Credit Union Of The Rockies?

Credit Union of the Rockies, as an organization, is dedicated to promoting financial thrift among its members and providing them with more affordable credit options. This is achieved by offering the chance for members to accumulate shares, which can then be utilized for lending purposes. The main goal is to help members save and borrow at reduced costs. Additionally, the credit union provides a diverse range of financial products and services to cater to the needs of over 9,000 of its members.


Official website here: www.cu-rockies.org

Who is the CEO of Credit Union Of The Rockies?

Peter Bullard is the CEO of Credit Union Of The Rockies The CEO's salary of Credit Union Of The Rockies is $199,173 and their total compensation is $217,800.


Official website here: www.cu-rockies.org

What is the revenue of Credit Union Of The Rockies?

Credit Union Of The Rockies's revenue in 2023 was $5,809,073.


Official website here: www.cu-rockies.org

Who are the executives of Credit Union Of The Rockies and what are their salaries?

The average compensation at Credit Union Of The Rockies during 2023 was $48,321. There are 43 employees and 12 volunteers at Credit Union Of The Rockies.

Here are 10 key members and their salaries (Credit Union Of The Rockies's CEO's salary is $199,173 and their total compensation is $217,800):


Martina Ferris (Chairperson)
  • Compensation: $3,846
  • Related: $0
  • Other: $0
David Reynolds (Vice Chairperson)
  • Compensation: $4,994
  • Related: $0
  • Other: $0
Wendy Davis (Secretary/Treasurer)
  • Compensation: $4,994
  • Related: $0
  • Other: $0
Thomas Davidson (Director)
  • Compensation: $4,994
  • Related: $0
  • Other: $0
Milford Adams (Director)
  • Compensation: $4,757
  • Related: $0
  • Other: $0
Andrew Mccabe (Director)
  • Compensation: $4,994
  • Related: $0
  • Other: $0
Nathaniel Peterson (Director)
  • Compensation: $4,994
  • Related: $0
  • Other: $0
Peter Bullard (President/Ceo)
  • Compensation: $199,173
  • Related: $0
  • Other: $18,627
Robert Bruhn (Cfo)
  • Compensation: $111,522
  • Related: $0
  • Other: $7,068
Karrie Marchese (Coo)
  • Compensation: $107,764
  • Related: $0
  • Other: $17,759


Official website here: www.cu-rockies.org

Where can I find the form 990 for Credit Union Of The Rockies?

Credit Union Of The Rockies's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.cu-rockies.org

Learn more at the official website: www.cu-rockies.org

Mission Statement of Credit Union Of The Rockies

Credit Union of the Rockies, as a nonprofit institution, is dedicated to promoting thrift and making affordable credit accessible to its members. By offering them the opportunity to accumulate shares, the credit union provides a platform for its members to lend to one another, thereby keeping the cost of credit low. This mission is instrumental in empowering the over 9,000 members of Credit Union of the Rockies, enabling them to take advantage of a diverse range of financial products and services.

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Impact




October, 2024

Credit Union Of The Rockies significantly impacts its community by promoting thrift and providing access to lower-cost credit options for its members. With a diverse range of financial products and services, it supports over 9,000 members in Golden, Colorado, helping them to accumulate shares and offering loans that facilitate their financial well-being. This approach not only fosters personal financial health but also contributes to the overall economic stability of the community, enabling members to achieve their financial goals and improve their quality of life. Through its commitment to affordable financial services, Credit Union Of The Rockies plays a vital role in enhancing public benefit in the region.




This information is meant to be a general summary of Credit Union Of The Rockies. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,809,073 (2023)
Expenses
$5,528,733 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $517,624
  • Program Service Revenue: $5,375,506
  • Gross Receipts: $7,550,058

Assets and Liabilities:

  • Total Assets: $124,187,200
  • Total Liabilities: $114,300,507
  • Net Assets: $9,886,693

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO MEMBERS

Revenue

$4,053,456

OTHER PROGRAM SERVICE REVENUE

Revenue

$721,888

FEES CHARGED TO MEMBERS

Revenue

$560,883

CREDIT CARD FEES

Revenue

$31,929

FINANCE AND INSURANCE

Revenue

$7,350

Organization Details

Founding Year

1937

Principal Officer

Peter Bullard

NTEE Category

Code: W60 - Public benefit

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