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generally cannot redact the information on the form Inspection - Information about Form 990 and its instructions is at

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For Paperwork Reduction Act tice, see the separate instructions. efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: OMB Return of Organization Exempt From Income Tax Form
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For Paperwork Reduction Act tice, see the separate instructions. efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: OMB Return of Organization Exempt From Income Tax Form 990 Under section 501 ( c), 527, or 4947(a)(1) of the Internal Revenue Code ( except private foundations) 2O1 3 Department of the Treasury Do not enter Social Security numbers on this form as it may be made public By law, the IRS Open Internal Revenue Service generally cannot redact the information on the form Inspection - Information about Form 990 and its instructions is at For the 2013 calendar year, or tax year beginning , 2013, and ending C Name of organization B Check if applicable Elevations Credit Union F Address change Doing Business As F Name change D Employer identification number Initial return Number and street (or P 0 box if mail is not delivered to street address) Room/suite E Telephone number PO Box 9004 F_ Terminated (303) (- Amended return City or town, state or province, country, and ZIP or foreign postal code Boulder, CO Application pending G Gross receipts $ 641,752,078 F Name and address of principal officer H(a) Is this a group return for Gerry Agnes subordinates? fl F PO Box 9004 Boulder, CO H(b) Are all subordinates 1 (- included? I Tax-exempt status F_ 501(c)(3) F 501(c) ( 14 I (insert no (a)(1) or F_ 527 If , attach a list (see instructions) J Website :1- WWWELEVATIONSCU COM H(c) Group exemption number- K Form of organization 1 Corporation 1 Trust F_ Association F Other 0- CREDIT UNION L Year of formation 1952 M State of legal domicile CO Summary 1 Briefly describe the organization's mission or most significant activities WE PROVIDE SOLUTIONS FOR A BETTER LIFE THE CREDIT UNION PROMOTES THRIFT AND PROVIDES LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION THE CREDIT UNION PROMOTES THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS 2 Check this box Of- if the organization discontinued its operations or disposed of more than 25% of its net assets 3 Number of voting members of the governing body (Part VI, line 1a) Number of independent voting members of the governing body (Part VI, line 1 b) Total number of individuals employed in calendar year 2013 (Part V, line 2a) Total number of volunteers (estimate if necessary) aTotal unrelated business revenue from Part VIII, column (C), line 12. 7a 116,353 b Net unrelated business taxable income from Form 990-T, line b -6,778 Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) Program service revenue (Part VIII, line 2g) ,034,302 45,971,287 N 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d )... 18,030,247 20,602,290 LLJ 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 2,270,045 3,077, Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) ,334,594 69,650, Grants and similar amounts paid (Part IX, column (A), lines 1-3 ). 0 78, Benefits paid to or for members (Part IX, column (A), line 4) Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 26,774,841 30,605,801 16a Professional fundraising fees (Part IX, column (A), line 11e) 0 0 b Total fundraising expenses (Part IX, column (D), line 25) Other expenses (Part IX, column (A), lines h1a-11d, 11f-24e) ,017,699 29,616, Total expenses Add lines (must equal Part IX, column (A), line 25) 57,792,540 60,300, Revenue less expenses Subtract line 18 from line ,542,054 9,349,803 Beginning of Current Year End of Year 20 Total assets (Part X, l i n e 1 6 ) ,285,023,241 1,365,989,525 M % TS 21 Total l i a b i l i t i e s (Part X, l i n e 2 6 ) ,166,771,498 1,241,528,247 ap ZLL 22 Net assets or fund balances Subtract line 21 from line 20. lijaw Signature Block Under penalties of perjury, I declare that I have examined this return, includin my knowledge and belief, it is true, correct, and complete Declaration of preps preparer has any knowledge Sign Signature of officer Here Michael Calcote CFO Type or print name and title Print/Type preparer's name Sheila M Balzer Paid Firm's name 1- Holben Hay Lake Balzer CPAs LLC Pre pare r Use Only Firm's address S Harrison Street 1000 May the IRS discuss this Denver, CO Preparers signature return with the preparer shown above? (see instructs Form 990 ( 2013) Page 2 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III.F 1 Briefly describe the organization 's mission WE PROVIDE SOLUTIONS FOR A BETTER LIFE THE CREDIT UNION PROMOTES THRIFT AND PROVIDES LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION THE CREDIT UNION PROMOTES THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? fl F If , describe these new services on Schedule 0 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? F F If , describe these changes on Schedule 0 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses Section 501(c)(3) and 501( c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported 4a (Code ) (Expenses $ including grants of $ ) (Revenue $ ELEVATIONS SERVES BOULDER, BROOMFIELD, LARIMER, AND ADAMS COUNTIES, THE CITY OF LOVELAND AND THESE US CENSUS TRACTS IN THE CITY OF WESTMINSTER 1) , 2) , 3) , 4) , 5) , 6) AND 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 102,686 MEMBERS AND 126,434 SHARE ACCOUNTS THERE WERE 10,932 LOANS GRANTED TOTALING $786,820,552 ELEVATIONS CURRENTLY OFFERS NINE BRANCH LOCATIONS AND A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, CREDIT UNION SERVICE NETWORK AND ONLINE BANKING OFFERINGS 4b (Code ) ( Expenses $ including grants of $ ) (Revenue $ 4c (Code ) ( Expenses $ including grants of $ ) (Revenue $ 4d Other program services ( Describe in Schedule 0 (Expenses $ including grants of $ ) (Revenue $ 4e Total program service expenses 1- Form 990 (2013) Form 990 (2013) Page 3 Checklist of Required Schedules 1 Is the organization described in section 501(c)(3) or4947(a)(1) (other than a private foundation)? If , complete Schedule A Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)?. 2 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If , complete Schedule C, Part I Section 501 ( c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If , complete Schedule C, Part II Is the organization a section 501 (c)(4), 501 (c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If , complete Schedule C, Part III Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If , complete Schedule D, Part I Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If , complete Schedule D, Part IIS Did the organization maintain collections of works of art, historical treasures, or other similar assets? If , complete Schedule D, Part III Did the organization report an amount in Part X, line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling, debt management, credit repair, or debt negotiation services? If , complete Schedule D, Part IV g 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, 10 permanent endowments, or quasi-endowments? If , complete Schedule D, Part V. 11 If the organization's answer to any of the following questions is , then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If , complete Schedule D, Part VI.r lla b Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If , complete Schedule D, Part VIIS llb c Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If , complete Schedule D, Part VIII llc d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If , complete Schedule D, Part IX' lid e Did the organization report an amount for other liabilities in Part X, line 25? If , complete Schedule D, Part X I lle f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If , complete Schedule D, Part X a Did the organization obtain separate, independent audited financial statements for the tax year? If , complete Schedule D, Parts XI and XII a b Was the organization included in consolidated, independent audited financial statements for the tax year? If , and if the organization answered to line 12a, then completing Schedule D, Parts XI and XII is optional 13 Is the organization a school described in section 170(b)(1)(A)(ii)? If , completeschedulee.. llf 12b I Y es N o N o N o 13 14a Did the organization maintain an office, employees, or agents outside of the United States?. 14a b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If , complete Schedule F, Parts I and IV b 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If , complete Schedule F, Parts II and IV Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If , complete Schedule F, Parts III and IV Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part 17 IX, column (A), lines 6 and 11e? If , complete Schedule G, Partl (seeinstructions) Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If , complete Schedule G, Part II Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If 19 , complete Schedule G, Part III a Did the organization operate one or more hospital facilities? If , completescheduleh.. b If to line 20a, did the organization attach a copy of its audited financial statements to this return? 20a 1 20b Form 990 (2013) Form 990 (2013) Page 4 Checklist of Required Schedules (continued) 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or 21 government on Part IX, column (A), line 1? If , complete Schedule I, Parts I and II... IN 1 22 Did the organization report more than $5,000 of grants or other assistance to individuals in the United States on 22 Part IX, column (A), line 2? If , complete Schedule I, Parts I and III. S 23 Did the organization answer to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If , 23 complete Schedule J IN 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If , answer lines 24b through 24d and complete Schedule K. If , go to line 25a a b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?. 24b c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?. 24c d Did the organization act as an on behalf of issuer for bonds outstanding at any time during the year?. 25a Section 501(c )( 3) and 501 ( c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If , complete Schedule L, Part I a b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If , complete Schedule L, Part I Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? 26 If so, complete Schedule L, Part II Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family 27 member of any of these persons? If , complete Schedule L, Part III S 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee? If , complete Schedule L, Part IV ID 28a b A family member of a current or former officer, director, trustee, or key employee? If , complete Schedule L, Part IV c A n entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If , complete Schedule L, Part IV.. 28c 29 Did the organization receive more than $25,000 in non-cash contributions? If , completeschedulem 29 I I 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If , complete Schedule M Did the organization liquidate, terminate, or dissolve and cease operations? If , complete Schedule N, Part I Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If , complete Schedule N, Part II Did the organization own 100 % of an entity disregarded as separate from the organization under Regulations sections and ? If , complete Schedule R, PartI Was the organization related to any tax-exempt or taxable entity? If , complete Schedule R, Part II, III, oriv, and Part V, line t 34 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? b If''to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512 (b)(13 )? If , complete Schedule R, Part V, line Section 501(c )( 3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If , complete Schedule R, Part V, line Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If , complete Schedule R, Part VI 'S Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 1 lb and 19? te. All Form 990 filers are required to complete Schedule d 25b 28b 35a 35b N o N o N o N o Form 990 (2013) Form 990 (2013) Page 5 Statements Regarding Other IRS Filings and Tax Compliance MEW- Check if Schedule 0 contains a response or note to any line in this Part V (- la Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable. la 19,610 b Enter the number of Forms W-2G included in line la Enter-0- if not applicable lb 0 c 2a Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?.. Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return a b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? te. If the sum of lines la and 2a is greater than 250, you may be required to e-file (see instructions) 419 1c 2b 3a Did the organization have unrelated business gross income of $ 1,000 or more during the year?... 3a b If , has it filed a Form 990-T for this year? If ' to line 3b, provide an explanation in Schedule O... 3b 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? a b If , enter the name of the foreign country 0- See instructions for filing requirements for Form TD F , Report of Foreign Bank and Financial Accounts 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?.. 5a b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? c If , to line 5a or 5b, did the organization file Form 8886-T? 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the 6a organization solicit any contributions that were not tax deductible as charitable contributions?.. b If , did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?. 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and 7a services provided to the payor?. b If , did the organization notify the donor of the value of the goods or services provided?. 7b c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form c d If , indicate the number of Forms 8282 filed during the year 7d 5b 5c e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?. f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?. h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?. 8 Sponsoring organizations maintaining donor advised funds and section 509(a )( 3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?. 9 Sponsoring organizations maintaining donor advised funds. a Did the organization make any taxable distributions under section 4966?.. b Did the orga
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