Canvas Credit Union
Canvas Credit Union is a state-chartered, member-owned financial cooperative based in Lone Tree, Colorado. Founded in 1938, it operates as a not-for-profit credit union serving over 284,000 members across multiple states. The organization provides comprehensive financial services including consumer lending, mortgage lending, commercial lending, deposit and transactional services, shared branching, home banking, and bill payment services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6B
+4.9% YoY
Annual Giving
$831K
-1.8% YoY
Grant Count
22
-15.4% YoY
Avg Grant Size
$38K
+16.0% YoY
Mission & Focus Areas
Canvas Credit Union's mission is to help individuals and families make better financial decisions and grow stronger financially by providing simple and relevant products and services at consistently honest value, with the goal of helping members afford life.
The organization is committed to supporting member wellness across physical, mental, social, and financial dimensions. Canvas Credit Union and its affiliated foundation focus grantmaking on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with primary geographic emphasis on Colorado, Utah, and Pennsylvania.
Grantmaking
Canvas Credit Union makes grants through both direct organizational giving and its affiliated Canvas Foundation. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
Canvas Credit Union's grantmaking priorities focus primarily on Colorado, Utah, and Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $4,370,149,466
- Total Revenues: $307,994,247
- Total Expenses: $276,485,261
- Total Giving: $850,778
As of 2022:
- Total Assets: $4,585,707,238
The organization employs approximately 970 staff members and is governed by a 9-member Board of Directors, all independent voting members.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,585,707,238 | $4,370,149,466 | $4,272,444,159 |
| Revenue | $360,602,257 | $307,994,247 | $237,343,960 |
| Expenses | $336,830,861 | $276,485,261 | $188,229,132 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $21,105,884 | $14,407,221 | $9,476,816 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIM FARRELL | DIRECTOR | 3 | $35,000 |
| TOM LASH | CHAIRMAN | 5 | $60,000 |
| SCOTT AARONSON | DIRECTOR | 3 | $35,000 |
| ROSALYNN FEAGINS | VICE CHAIR | 3 | $45,000 |
| TIM REED | DIRECTOR | 3 | $35,000 |
| JOSH BURCHFIELD | TREASURER | 3 | $35,000 |
| GARY JONES | FORMER DIRECTOR | 3 | $11,667 |
| JEROME DAVIS | SECRETARY | 3 | $35,000 |
| LEAH REED | DIRECTOR | 3 | $23,333 |
| NATRIECE BRYANT | DIRECTOR | 3 | $35,000 |
| DAVID PIERCE | SVP/CIO | 40 | $583,687 |
| STEPHEN FERRERO | CHIEF COMM ENG OFF | 40 | $572,030 |
| COLLEEN KNOLL | CFO | 40 | $892,937 |
| DARRYL MARKSBERRY | FORMER CEO | 40 | $4,462,038 |
| CHAD SHANE | CEO | 40 | $703,231 |
| BENJAMIN GREIVING | GENERAL COUNSEL | 40 | $470,307 |
| CHRIS MYKLEBUST | CHIEF TRANSFORMATION OFFIC | 40 | $477,222 |
| SARA OTT | CHIEF RETAIL OFFICER | 40 | $543,545 |
| CARLOS VAZQUEZ | SVP CISO | 40 | $515,177 |
| RYAN KLASSEN | SVP CONSUMER LENDING | 40 | $480,237 |
| ANDREW WATSON | SVP MORTGAGE LENDING | 40 | $992,162 |
| ROBERT SPRATTE | SVP OF LOSS MIT & COM CEN | 40 | $463,823 |
| FABBIANA VECCHIARELLI-RUKAVINA | MORTAGE LOAN ORIG I | 40 | $440,900 |
Recent News & Activity
Recent developments and announcements
Canvas Credit Union has demonstrated consistent community engagement and philanthropic activity. In 2024, the organization provided over $200,000 in charitable contributions alongside 4,000 hours of volunteer service. The organization and its foundation shared a 2023 Annual Community Impact update documenting their grantmaking and community involvement efforts.
Canvas Credit Union, Canvas Foundation awarded $295K in 2022 grants \u2013\Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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