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Nonprofit · EIN 84-6023137

CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

Also known as PUBLIC SERVICE CREDIT UNION

Tax-exempt · LONE TREE, CO 80124

Financials

$308M$276.5M2023$360.6M$336.8M2024
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$360,602,257$336,830,861$23,771,396$4,585,707,238$4,150,196,310$435,510,928
December 31, 2023990$307,994,247$276,485,261$31,508,986$4,370,149,466$3,959,179,273$410,970,193
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$336,767,161
Investment income
$21,105,884
Net rental income
$1,863,583
Net gain from sales of assets
$13,258,397
Other revenue
$2,729,212

Expenses

Grants and similar amounts paid
$850,778
Compensation of officers, directors and key employees
$16,604,226
Other salaries and wages
$56,795,223
Salaries, compensation and benefits (total)
$87,913,075
Professional fundraising fees
$0
Legal fees
$328,867
Occupancy
$5,521,563
Depreciation
$6,872,541

Balance sheet and other

Total assets, start of year
$4,370,149,466
Total assets, end of year
$4,585,707,238
Total liabilities, end of year
$4,150,196,310
Net assets, end of year
$435,510,928
Land, buildings and equipment
$93,309,350
Publicly traded securities
$69,893,690
Gross unrelated business income
$865,629
Gross receipts
$490,577,045
Employees
916
Volunteers
15
Year formed
1938
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
DARRYL MARKSBERRYFORMER CEO
Officer
40$4,462,038$17,449
COLLEEN KNOLLCFO
Officer
40$892,937$1,058,022
CHAD SHANECEO
Officer
40$703,231$797,800
DAVID PIERCESVP/CIO
Officer
40$583,687$633,699
STEPHEN FERREROCHIEF COMM ENG OFF
Officer
40$572,030$619,607
ANDREW WATSONSVP MORTGAGE LENDING
Highest-paid employee
40$992,162$30,663
BENJAMIN GREIVINGGENERAL COUNSEL
Officer
40$470,307$531,965
CHRIS MYKLEBUSTCHIEF TRANSFORMATION OFFIC
Officer
40$477,222$523,164
SARA OTTCHIEF RETAIL OFFICER
Officer
40$543,545$357,963
CARLOS VAZQUEZSVP CISO
Highest-paid employee
40$515,177$19,206
RYAN KLASSENSVP CONSUMER LENDING
Highest-paid employee
40$480,237$23,428
ROBERT SPRATTESVP OF LOSS MIT & COM CEN
Highest-paid employee
40$463,823$21,000
FABBIANA VECCHIARELLI-RUKAVINAMORTAGE LOAN ORIG I
Highest-paid employee
40$440,900$22,967
TOM LASHCHAIRMAN
Trustee or director
5$60,000$0
ROSALYNN FEAGINSVICE CHAIR
Trustee or director
3$45,000$0
8 more people on this return
NameTitleHours / weekCompensation
TIM FARRELLDIRECTOR
Trustee or director
3$35,000
SCOTT AARONSONDIRECTOR
Trustee or director
3$35,000
TIM REEDDIRECTOR
Trustee or director
3$35,000
JOSH BURCHFIELDTREASURER
Trustee or director
3$35,000
JEROME DAVISSECRETARY
Trustee or director
3$35,000
NATRIECE BRYANTDIRECTOR
Trustee or director
3$35,000
LEAH REEDDIRECTOR
Trustee or director
3$23,333
GARY JONESFORMER DIRECTOR
Trustee or director
3$11,667
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensationOther / benefits
DARRYL MARKSBERRYCEO
Officer
40$1,706,181$1,030,825
COLLEEN KNOLLCFO
Officer
40$653,647$481,435
ANDREW WATSONSVP MORTGAGE LENDING
Highest-paid employee
40$1,116,253$18,064
CHAD SHANECHIEF LENDING OFF
Officer
40$597,649$451,444
DAVID PIERCESVP/CIO
Officer
40$570,301$428,232
STEPHEN FERREROCHIEF COMM ENG OFF
Officer
40$544,376$407,460
BENJAMIN GREIVINGGENERAL COUNSEL
Officer
40$455,298$364,339
CHRIS MYKLEBUSTCHIEF TRANSFORMATION OFFIC
Officer
40$447,685$356,274
SARA OTTCHIEF RETAIL OFFICER
Officer
40$460,406$198,885
CARLOS VAZQUEZSVP CISO
Highest-paid employee
40$364,595$192,565
RYAN KLASSENSVP CONSUMER LENDING
Highest-paid employee
40$353,936$190,816
SHELBY PARKHILLMORTGAGE LOAN ORIG 1
Highest-paid employee
40$379,052$21,782
MARK MACNICHOLASVP - CONTROLLER
Highest-paid employee
40$345,402$28,949
TOM LASHCHAIRMAN
Trustee or director
5$60,000$0
ROSALYNN FEAGINSVICE CHAIR
Trustee or director
3$45,000$0
TIM FARRELLDIRECTOR
Trustee or director
3$35,000$0
SCOTT AARONSONDIRECTOR
Trustee or director
3$35,000$0
TIM REEDDIRECTOR
Trustee or director
3$35,000$0
JOSH BURCHFIELDTREASURER
Trustee or director
3$35,000$0
GARY JONESDIRECTOR
Trustee or director
3$35,000$0
JEROME DAVISSECRETARY
Trustee or director
3$35,000$0

Address and contacts

Address (IRS master file)
9990 PARK MEADOWS DR, LONE TREE, CO 80124-6739
In care of
% PEOPLE CANVAS
Principal officer (990 for 2024)
CHAD SHANE, 9990 PARK MEADOWS DRIVE, LONE TREE, CO 80124
Signed the 990
COLLEEN KNOLL, CFO
Phone
(303) 691-2345
Return prepared by
JONES MERTSCHING CPAS PC

Mission

CANVAS CREDIT UNION WILL STRIVE TO HELP INDIVIDUALS AND FAMILIES MAKE BETTER DECISIONS AND GROW STRONGER FINANCIALLY. WE WILL PROVIDE SIMPLE AND RELEVANT PRODUCTS AND SERVICES AT A CONSISTENTLY HONEST VALUE. WE WILL HELP MEMBERS AFFORD LIFE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CREDIT UNION IS OWNED BY APPROXIMATELY 305,000 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, SHARED BRANCHING SERVICES, DEPOSIT/TRANSACTIONAL SERVICES, MORTGAGE LENDING, COMMERCIAL LENDING, HOME BANKING, BILL PAYMENT AND OTHER FINANCIAL SERVICES.
    Expenses $336,830,861

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
84-6023137
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)
$4,585,707,238
Income (IRS master file)
$490,577,045

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$360,602,257$336,830,861$4,585,707,238XML
990December 2023$307,994,247$276,485,261$4,370,149,466XML
990December 2022$237,343,960$188,229,132$4,272,444,159IRS
990December 2021–––IRS
990December 2020–––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 84-6023137).

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 84-6023137.
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 CHAD SHANE.
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 23 people; 23 received compensation from the organization, the highest $4,462,038 (DARRYL MARKSBERRY, FORMER 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 $360,602,257, expenses of $336,830,861 and total assets of $4,585,707,238 at year end.

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