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Nonprofit · EIN 84-0146595

CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Also known as BELLCO CREDIT UNION

Tax-exempt · GREENWOOD VLG, CO 80111

Financials

$411.7M$368.1M2023$496.7M$444.3M2024
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$496,693,327$444,339,363$52,353,964$8,591,833,461$7,839,011,982$752,821,479
December 31, 2023990$411,740,872$368,123,468$43,617,404$8,259,004,929$7,558,607,166$700,397,763
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$413,198,204
Investment income
$68,980,979
Net gain from sales of assets
$2,985,521
Other revenue
$14,514,144

Expenses

Grants and similar amounts paid
$478,240
Compensation of officers, directors and key employees
$8,009,775
Other salaries and wages
$28,884,540
Salaries, compensation and benefits (total)
$46,539,533
Professional fundraising fees
$0
Legal fees
$794,055
Accounting fees
$614,698
Occupancy
$8,012,500
Travel
$176,999
Depreciation
$5,430,087

Balance sheet and other

Total assets, start of year
$8,259,004,929
Total assets, end of year
$8,591,833,461
Total liabilities, end of year
$7,839,011,982
Net assets, end of year
$752,821,479
Land, buildings and equipment
$70,382,344
Publicly traded securities
$599,129,354
Gross unrelated business income
$1,087,931
Gross receipts
$502,638,392
Employees
383
Volunteers
2
Year formed
1936
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
DOUGLAS FERRAROPRESIDENT/CEO/DIRECTOR
Trustee or director, Officer
40$1,593,843$57,331
DANIEL KAMPENEVP/CFO
Officer
40$1,153,075$339,341
ALVIN MCCARTHYCOMMERCIAL BUSINESS OFFICER
Highest-paid employee
40$860,679$42,609
JACK PARGEONSVP-FINANCE
Key employee
40$513,319$249,435
JOHN RIVERASVP/CRO
Key employee
40$508,086$223,467
GREGORY LUNDSTROMCOMMERCIAL BUSINESS OFFICER
Highest-paid employee
40$649,688$42,820
REBECCA STEMBELSVP-CMEO
Key employee
40$436,363$173,179
JUAN CARLOS CAMPOSSVP GENERAL COUNSEL/COMPLIANCE
Key employee
40$457,169$50,738
MATTHEW KAHNSVP-CONSUMER LENDING
Key employee
40$416,776$72,032
WENDY JONESSVP-CHRO
Key employee
40$304,153$165,215
SUSAN RICESVP-COMMERCIAL LENDING
Key employee
40$385,630$50,558
TIM BILLINGSSVP TREASURY & ANALYTICS
Key employee
40$400,648$31,333
JENNA MCFARLANEVP-MARKETING
Highest-paid employee
40$269,075$28,389
STACIE ZIDANVP-RETAIL DELIVERY
Highest-paid employee
40$246,984$34,751
SHARON VAUGHNVP-OPERATIONS
Highest-paid employee
40$244,151$19,843
10 more people on this return
NameTitleHours / weekCompensation
STEVEN ANGELIERBOD/CHAIRMAN
Trustee or director
5$65,250
WALKER FLEMINGBOD/DIRECTOR
Trustee or director
4$45,250
C DAVID KIKUMOTOBOD/SECRETARY/TREASURER
Trustee or director
5$45,250
ANDREW MURRAYBOD/DIRECTOR
Trustee or director
4$45,250
JANE PRANCANBOD/DIRECTOR
Trustee or director
4$45,250
LAURA SONDERUPBOD/VICE CHAIR
Trustee or director
5$45,250
MARIA SPRAYBOD/DIRECTOR/SUPERVISORY
Trustee or director
6$45,250
MARK GOODMANBOD/DIRECTOR
Trustee or director
4$40,750
PETER KIRCHHOFBOD/DIRECTOR
Trustee or director
4$40,750
JOSEFINA RAPHAELBOD/DIRECTOR
Trustee or director
4$9,834
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationOther / benefits
ALVIN MCCARTHYCOMMERCIAL BUSINESS OFFICER
Highest-paid employee
40$1,564,363$47,912
DOUGLAS FERRAROPRESIDENT/CEO/DIRECTOR
Trustee or director, Officer
40$1,515,404$55,853
DANIEL KAMPENEVP/CFO
Officer
40$1,093,822$338,008
GREGORY LUNDSTROMCOMMERCIAL BUSINESS OFFICER
Highest-paid employee
40$1,277,544$53,335
JACK PARGEONSVP-FINANCE
Key employee
40$460,618$246,706
JOHN RIVERASVP/CRO
Key employee
40$480,924$223,135
REBECCA STEMBELSVP-CMEO
Key employee
40$396,355$171,315
CARRIE FREDENBURGSVP-CHRO
Key employee
40$286,932$129,850
JUAN CARLOS CAMPOSVP GENERAL COUNSEL/COMPLIANCE OFFICER
Key employee
40$359,302$53,206
MATT KAHNSVP-CONSUMER LENDING
Key employee
40$317,165$38,869
SUSAN RICESVP-COMMERCIAL LENDING
Key employee
40$306,160$39,785
TIM BILLINGSVP TREASURY & ANALYTICS
Key employee
40$291,063$29,275
JENNA MCFARLANEVP-MARKETING
Highest-paid employee
40$257,437$27,930
STACIE ZIDANVP-RETAIL DELIVERY
Highest-paid employee
40$239,355$33,968
MELANIE LEIKER-BUSCEMISR. DIRECTOR- ASSISTANT CONTROLLER
Highest-paid employee
40$201,802$26,982
STEVEN ANGELIERBOD/CHAIRMAN
Trustee or director
5$63,000$0
DAVID POWERSBOD/DIRECTOR
Trustee or director
4$60,000$0
MARIA SPRAYBOD/DIRECTOR/SUPERVISORY
Trustee or director
6$43,000$0
ANDREW MURRAYBOD/DIRECTOR
Trustee or director
4$43,000$0
WALKER FLEMINGBOD/DIRECTOR
Trustee or director
4$43,000$0
PETER KIRCHHOFBOD/DIRECTOR
Trustee or director
4$43,000$0
LAURA SONDERUPBOD/VICE CHAIR
Trustee or director
5$43,000$0
C DAVID KIKUMOTOBOD/SECRETARY/TREASURER
Trustee or director
5$43,000$0
JANE PRANCANBOD/DIRECTOR
Trustee or director
4$43,000$0
MARK GOODMANBOD/DIRECTOR
Trustee or director
4$38,500$0

Address and contacts

Address (IRS master file)
7600 E ORCHARD RD STE 400N, GREENWOOD VLG, CO 80111-2522
Principal officer (990 for 2024)
DOUGLAS A FERRARO, 7600 E ORCHARD ROAD STE 400N, GREENWOOD VILLAGE, CO 80111
Signed the 990
DANIEL KAMPEN, EVP/CFO
Phone
(303) 689-7800
Return prepared by
DOEREN MAYHEW

Mission

BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.

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
84-0146595
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)
$8,591,833,461
Income (IRS master file)
$502,638,392

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$496,693,327$444,339,363$8,591,833,461XML
990December 2023$411,740,872$368,123,468$8,259,004,929XML
990December 2022$286,970,201$200,344,282$7,362,214,487IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 84-0146595).

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 84-0146595.
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 DOUGLAS A FERRARO.
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 25 people; 25 received compensation from the organization, the highest $1,593,843 (DOUGLAS FERRARO, PRESIDENT/CEO/DIRECTOR).
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 $496,693,327, expenses of $444,339,363 and total assets of $8,591,833,461 at year end.

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