Nonprofit · EIN 84-0459116
CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO
Also known as ELEVATIONS CREDIT UNION, BOULDER CHAPTER BLACKS IN GOVERNMENT
Tax-exempt · BROOMFIELD, CO 80021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,356,677 | $181,994,947 | $34,361,730 | $3,379,866,092 | $3,030,073,721 | $349,792,371 |
| December 31, 2023 | 990 | $190,500,369 | $162,885,622 | $27,614,747 | $3,409,369,591 | $3,100,121,847 | $309,247,744 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $189,396,540
- Investment income
- $26,669,823
- Net rental income
- $290,314
- Net gain from sales of assets
- -$48,398
- Other revenue
- $290,314
Expenses
- Grants and similar amounts paid
- $531,944
- Compensation of officers, directors and key employees
- $8,356,961
- Other salaries and wages
- $55,341,196
- Salaries, compensation and benefits (total)
- $77,310,398
- Professional fundraising fees
- $0
- Legal fees
- $193,170
- Accounting fees
- $441,807
- Occupancy
- $6,585,042
- Depreciation
- $5,944,746
Balance sheet and other
- Total assets, start of year
- $3,409,369,591
- Total assets, end of year
- $3,379,866,092
- Total liabilities, end of year
- $3,030,073,721
- Net assets, end of year
- $349,792,371
- Land, buildings and equipment
- $54,768,198
- Gross unrelated business income
- $54,194
- Gross receipts
- $216,817,523
- Employees
- 657
- Volunteers
- 0
- Year formed
- 1952
- 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 |
|---|---|---|---|---|
| GERRY AGNES | PRESIDENT/CEO Officer | 40 | $3,540,898 | $28,655 |
| MICHAEL CALCOTE | CHIEF FINANCIAL OFFICER Officer | 40 | $1,238,494 | $33,203 |
| RIO CHACON | MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $843,825 | $32,852 |
| HERBERT JOHN MARX | VP WEALTH MANAGEMENT Highest-paid employee | 40 | $801,208 | $28,383 |
| ELIZABETH MILLION | SVP LENDING Highest-paid employee | 40 | $676,552 | $26,426 |
| BRIAN HOLST | GENERAL COUNSEL Key employee | 40 | $648,902 | $33,203 |
| CAMERON WHITE-FORD | VP MORTGAGE SALES Highest-paid employee | 40 | $640,310 | $34,346 |
| AARON STAUFER | MORTGAGE SALES MANAGER Highest-paid employee | 40 | $643,941 | $23,301 |
| RAYMOND LINDLEY | CHIEF OPERATING OFFICER Officer | 40 | $632,873 | $33,203 |
| TAMMY TEITSCHEID | CHIEF PEOPLE OFFICER Key employee | 40 | $593,111 | $33,080 |
| DUSTIN MONTOYA | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $512,968 | $34,487 |
| WENDY BESWICK | CHIEF MARKETING OFFICER Key employee | 40 | $484,104 | $23,347 |
| RAY MARTINEZ | CHAIR Trustee or director, Officer | 8 | $63,503 | $0 |
| GARRY WOODS | VICE CHAIR Trustee or director, Officer | 6 | $52,990 | $0 |
| TODD GLEESON | TREASURER Trustee or director, Officer | 6 | $52,864 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER PASQUINO | DIRECTOR Trustee or director | 6 | $51,980 |
| MONICA STITT | SECRETARY Trustee or director, Officer | 6 | $50,000 |
| KATE BROWN | DIRECTOR Trustee or director | 6 | $50,000 |
| NATALIE BAUMGARTNER | DIRECTOR Trustee or director | 6 | $50,000 |
| MANUEL RODRIGUEZ | DIRECTOR Trustee or director | 6 | $45,833 |
| DON CHEYNE | CHAIR UNTIL APR 2024 Trustee or director, Officer | 10 | $40,279 |
| NANCY HERBERT | DIRECTOR UNTIL APR 2024 Trustee or director | 6 | $28,984 |
| ANN SCHMIESING | DIRECTOR Trustee or director | 6 | $0 |
| JONATHAN GOODMAN | DIRECTOR Trustee or director | 6 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND LINDLEY | CHIEF OPERATING OFFICER Officer | 40 | $1,275,850 | $31,367 |
| GERRY AGNES | PRESIDENT/CEO Officer | 40 | $1,207,116 | $27,123 |
| TAMMY TEITSCHEID | CHIEF HUMAN RESOURCE OFFICER Officer | 40 | $1,162,474 | $31,367 |
| TODD PEYOK | SVP COMMERCIAL AND BUSINESS BANKING Highest-paid employee | 40 | $964,845 | $32,482 |
| MICHAEL CALCOTE | CHIEF FINANCIAL OFFICER Officer | 40 | $760,651 | $31,367 |
| ELIZABETH MILLION | SVP LENDING Highest-paid employee | 40 | $674,972 | $25,046 |
| BRIAN HOLST | GENERAL COUNSEL Officer | 40 | $660,935 | $31,367 |
| AARON STAUFER | MORTGAGE SALES MANAGER Highest-paid employee | 40 | $656,498 | $22,434 |
| CAMERON WHITE-FORD | VP MORTGAGE SALES Highest-paid employee | 40 | $638,111 | $32,584 |
| DUSTIN MONTOYA | CHIEF INFORMATION OFFICER Officer | 40 | $444,728 | $32,482 |
| BLAKE SCHAEFER | MORTGAGE SALES MANAGER Highest-paid employee | 40 | $429,126 | $31,437 |
| WENDY BESWICK | CHIEF MARKETING OFFICER Officer | 40 | $312,716 | $15,132 |
| DON CHEYNE | BOARD OF DIRECTORS - CHAIR Trustee or director, Officer | 10 | $79,191 | $0 |
| RAY MARTINEZ | BOARD OF DIRECTORS - VICE CHAIR Trustee or director, Officer | 8 | $59,337 | $0 |
| GARRY WOODS | BOARD OF DIRECTORS - SECRETARY Trustee or director, Officer | 6 | $53,371 | $0 |
| TODD GLEESON | BOARD OF DIRECTORS - TREASURER Trustee or director, Officer | 6 | $51,836 | $0 |
| KATE BROWN | BOARD OF DIRECTORS Trustee or director | 6 | $50,000 | $0 |
| NANCY HERBERT | BOARD OF DIRECTORS Trustee or director | 6 | $50,000 | $0 |
| NATALIE BAUMGARTNER | BOARD OF DIRECTORS Trustee or director | 6 | $50,000 | $0 |
| MONICA STITT | BOARD OF DIRECTORS Trustee or director | 6 | $45,833 | $0 |
| BARBARA BROHL | BOARD OF DIRECTORS Trustee or director | 6 | $12,500 | $0 |
| MANUEL RODRIGUEZ | BOARD OF DIRECTORS (BEG. 11/2023) Trustee or director | 6 | $0 | $0 |
| JENNIFER PASQUINO | BOARD OF DIRECTORS (BEG. 10/2023) Trustee or director | 6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 ENVIRONMENTAL WAY, BROOMFIELD, CO 80021-3415
- In care of
- % ELEVATIONS CREDIT UNION
- Mailing address (990-N for 2012)
- 325 Broadway WS1, Boulder CO 80305
- Principal officer (990 for 2024)
- GERRY AGNES, PO BOX 9004, BOULDER, CO 803019004
- Principal officer (990-N for 2012)
- Richard L Shields, 325 Broadway WS1, Boulder CO 80305
- Signed the 990
- MICHAEL CALCOTE, CFO
- Phone
- (303) 443-4672
- Website
- www.bignet.org
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TOGETHER WE CREATE SOLUTIONS FOR A BETTER LIFE.
Program accomplishments
- ELEVATIONS CREDIT UNION SERVES ADAMS, ARAPAHOE, BOULDER, BROOMFIELD, CLEAR CREEK, DELTA, DENVER, DOUGLAS, EAGLE, EL PASO, GILPIN, GRAND, JEFFERSON, LARIMER, MESA, PARK, SUMMIT, AND WELD COUNTIES. THE CREDIT UNION OFFERS A FULL ARRAY OF PRODUCTS AND SERVICES, INCLUDING DEPOSITORY AND LOAN PRODUCTS, ATM/DEBIT PROGRAM, FINANCIAL EDUCATION, INSURANCE AND INVESTMENT SALES. WE ENDED THE YEAR WITH 176,752 MEMBERS AND 192,059 SHARE ACCOUNTS. THERE WERE 34,268 LOANS GRANTED TOTALING $1,600,190,930. ELEVATIONS CURRENTLY OFFERS 14 BRANCH LOCATIONS, 4 LOAN PRODUCTION OFFICES, AND A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, CUSN AND ONLINE BANKING OFFERINGS.
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
- 84-0459116
- 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)
- $3,379,866,092
- Income (IRS master file)
- $216,817,523
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $216,356,677 | $181,994,947 | $3,379,866,092 | XML |
| 990 | December 2023 | $190,500,369 | $162,885,622 | $3,409,369,591 | XML |
| 990 | December 2022 | $140,790,639 | $130,005,373 | $3,294,550,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Richard L Shields | December 31, 2012 | ≤ $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 84-0459116).
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 84-0459116.
- 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 GERRY AGNES.
- 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 24 people; 22 received compensation from the organization, the highest $3,540,898 (GERRY AGNES, PRESIDENT/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 $216,356,677, expenses of $181,994,947 and total assets of $3,379,866,092 at year end.
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