Form 990 for tax year 2024
Filed by CREDIT UNIONS IN THE STATE OF NEW MEXICO.
Totals
- Total revenue
- $4,273,885
- Total expenses
- $3,332,159
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,913,421
- Investment income
- $64,013
- Other revenue
- $296,451
- Total assets, end of year
- $58,141,403
- Total liabilities, end of year
- $48,828,067
- Net assets or fund balances, end of year
- $9,313,336
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INTEREST ON LOANS
total $2,816,578 · related or exempt $2,816,578
-
2b · Program service revenue: FEES & CHARGES
total $1,096,843 · related or exempt $1,096,843
-
7a · Gross sales of assets other than inventory
other assets $65,479
-
7b · Less cost or other basis and sales expenses
other assets $1,466
-
7c · Gain or loss
other assets $64,013
-
7d · Net gain or loss
total $64,013 · related or exempt $64,013
-
11a · Other revenue: OTHER OPERATING
total $275,529 · related or exempt $275,529
-
11b · Other revenue: ATM FEES NONMEMBERS
total $12,684 · unrelated business $12,684
-
11c · Other revenue: INSURANCE COMMISSIONS
total $8,238 · unrelated business $8,238
-
11e · Other revenue, total
$296,451
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $149,973
-
7 · Other salaries and wages
total $759,112
-
8 · Pension plan contributions
total $140,043
-
9 · Other employee benefits
total $42,995
-
10 · Payroll taxes
total $87,362
-
11g · Fees: other
total $102,375
-
12 · Advertising and promotion
total $51,457
-
13 · Office expenses
total $43,020
-
16 · Occupancy
total $80,552
-
19 · Conferences, conventions and meetings
total $41,102
-
20 · Interest
total $375,885
-
22 · Depreciation, depletion and amortization
total $128,169
-
23 · Insurance
total $56,799
-
24a · Other expenses: DEBIT & CREDIT CARD SER
total $555,871
-
24b · Other expenses: CREDIT UNION SERVICE FE
total $239,486
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $200,000
-
24d · Other expenses: SHARE DRAFT EXPENSES
total $54,989
-
24e · All other expenses
total $222,969
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $629,973 · end of year $91,641
-
2 · Savings and temporary cash investments
beginning of year $11,721,250 · end of year $8,490,450
-
7 · Other notes and loans receivable
beginning of year $41,193,581 · end of year $44,076,215
-
9 · Prepaid expenses and deferred charges
beginning of year $109,615 · end of year $102,818
-
10a · Land, buildings and equipment: cost or other basis
$4,447,470
-
10b · Land, buildings and equipment: accumulated depreciation
$1,286,720
-
10c · Land, buildings and equipment, net
beginning of year $3,016,663 · end of year $3,160,750
-
15 · Other assets
beginning of year $3,126,340 · end of year $2,219,529
-
17 · Accounts payable and accrued expenses
beginning of year $68,690 · end of year $27,742
-
25 · Other liabilities
beginning of year $51,357,119 · end of year $48,800,325
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $8,371,613 · end of year $9,313,336
Mission and programs · 2024
Mission
SEE PART I, NUMBER 1
Activities or mission (Part I)
THE CREDIT UNION STRIVES TO OFFER THE BEST POSSIBLE DIVIDENDS ON SHARES, LOANS AT REASONABLE RATES, A PRODUCT MIX TO MEET THE NEEDS OF OUR MEMBERS, AND TO PROVIDE EFFICIENT AND FRIENDLY SERVICE TO THOSE WHO ARE IN OUR COMMON BOND. THE CREDIT UNION SEEKS TO MAINTAIN ITS LONG-TERM FINANCIAL STABILITY, WHILE PROTECTING THE ASSETS OF THE MEMBERS.
-
THE CREDIT UNION PROVIDED MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS.
-
THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $375,000 IN THE FORM OF INTEREST/DIVIDENDS TO ITS MEMBERS.
-
THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $941,000.
As filed on the 2024 return.
Listed in Part VII
-
Jason CrockettJASON CROCKETT
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Misti FernandezMISTI FERNANDEZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kay TigertKAY TIGERT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Riley NeatherlinRILEY NEATHERLIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Judy CarrascoJUDY CARRASCO
CEO
- Total calculated
- $149,973
- From this org
- $149,973
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Victor MartinezVICTOR MARTINEZ
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349321599
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