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Nonprofit · EIN 84-0512667

CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Also known as 240 COMMUNITY CHOICE CREDIT UNION

Tax-exempt · COMMERCE CITY, CO 80022

Financials

$4.9M$3.9M2023$5.3M$4.5M2024
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$5,328,323$4,488,635$839,688$97,103,998$81,842,704$15,261,294
December 31, 2023990$4,922,275$3,929,566$992,709$98,890,399$84,468,793$14,421,606
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,959,536
Investment income
$1,364,955
Net gain from sales of assets
-$3,556
Other revenue
$3,832

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$797,772
Other salaries and wages
$565,769
Salaries, compensation and benefits (total)
$1,823,459
Professional fundraising fees
$0
Legal fees
$20,818
Accounting fees
$54,347
Occupancy
$108,737
Travel
$95,195
Depreciation
$157,408

Balance sheet and other

Total assets, start of year
$98,890,399
Total assets, end of year
$97,103,998
Total liabilities, end of year
$81,842,704
Net assets, end of year
$15,261,294
Land, buildings and equipment
$1,396,053
Gross unrelated business income
$3,832
Gross receipts
$5,331,879
Employees
19
Volunteers
12
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.

NameTitleHours / weekCompensationOther / benefits
RAINY THOENCEO
Officer
50$364,749$56,347
KELI GINTERCOO
Officer
50$154,388$28,959
LORETTA THOMASCFO
Officer
50$141,074$27,815
MICHELLE CRAFTCIO
Officer
50$137,560$27,043
DEBRA LARSENCHAIRPERSON
Trustee or director, Officer
1$0$0
DONALD MAYVICE-CHAIRPERSON
Trustee or director, Officer
1$0$0
KARL WHITETREASURER
Trustee or director, Officer
1$0$0
JOE HOLEMANSECRETARY
Trustee or director, Officer
1$0$0
JACK HAGAMANDIRECTOR
Trustee or director
1$0$0
DALE MINGILTONDIRECTOR
Trustee or director
1$0$0
GEORGE LASTDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
RAINY THOENCEO
Officer
55$303,205$51,027
KELI GINTERCOO
Officer
50$131,446$24,014
LORETTA THOMASCFO
Officer
50$120,210$22,786
MICHELLE CRAFTCIO
Officer
50$119,831$22,774
DEBRA LARSENCHAIRPERSON
Trustee or director, Officer
1$0$0
DONALD MAYVICE-CHAIRPERSON
Trustee or director, Officer
1$0$0
KARL WHITETREASURER
Trustee or director, Officer
1$0$0
JOE HOLEMANSECRETARY
Trustee or director, Officer
1$0$0
JACK HAGAMANDIRECTOR
Trustee or director
1$0$0
DALE MINGILTONDIRECTOR
Trustee or director
1$0$0
GEORGE LASTDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
6921 E 72ND AVE, COMMERCE CITY, CO 80022-2105
Principal officer (990 for 2024)
LORETTA THOMAS, 6921 EAST 72ND AVENUE, COMMERCE CITY, CO 80022
Signed the 990
LORETTA THOMAS, CFO
Phone
(303) 287-8025
Return prepared by
SINGERLEWAK LLP

Mission

TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 6,900 MEMBERS SERVED.

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
84-0512667
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)
$97,103,998
Income (IRS master file)
$5,331,879

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,328,323$4,488,635$97,103,998XML
990December 2023$4,922,275$3,929,566$98,890,399XML
990December 2022$3,701,255$3,394,264$103,995,358IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 84-0512667).

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 84-0512667.
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 LORETTA THOMAS.
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 11 people; 4 received compensation from the organization, the highest $364,749 (RAINY THOEN, 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 $5,328,323, expenses of $4,488,635 and total assets of $97,103,998 at year end.

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