2024-10-25T14:05:30-05:00 2023-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2023-01-01 850124035 DEL NORTE CREDIT UNION DELN 5054555415 PO BOX 1180 LOS ALAMOS NM 87544 JOHN R MOLENDA JR CEO ELECT 5054555415 2024-10-24 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2024-10-24 2023 2024-10-15 13:58:12Z CHARLES CHUCK VALENTI PO BOX 1180 LOS ALAMOS NM 87544 55559728 0 X WWW.DNCU.COM X 1954 NM DEL NORTE CREDIT UNION (DNCU) IS ORGANIZED AS A COOPERATIVE ASSOCIATION WITH THE MISSION OF IMPROVING LIVES BY PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS. 8 8 293 15 169245 0 0 0 45836478 55559728 6700 0 0 0 45843178 55559728 0 0 0 0 16757017 18574796 0 0 0 18212323 28903032 34969340 47477828 10873838 8081900 1030042670 1077444027 925615468 968171581 104427202 109272446 DEL NORTE CREDIT UNION (DNCU) IS ORGANIZED AS A COOPERATIVE ASSOCIATION WITH THE MISSION OF IMPROVING LIVES BY PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES, AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 10832 0 1 293 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 NM X ANNABEL FLORES 5054555415 PO BOX 1180 LOS ALAMOS NM 87544 CLYDE LEYBA BOARD MEMBER/CHAIR 1.00 X X 0 0 0 ART SALGADO BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 LEVI LOPEZ BOARD MEMBER/TREASURER 1.00 X X 0 0 0 LEN MONTOYA BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 JULIE FELDMAN BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 BENITO SALAZAR BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 LUIS ALBA BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 MARTIN VARELA BOARD MEMBER/DIRECTOR (UNTIL 5/11/23) 1.00 X 0 0 0 STEVEN SANTISTEVAN BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 CHARLES CHUCK VALENTI CEO 32.00 X 357473 0 47427 DAVID WEIDAUER EVP 40.00 X 279389 0 43603 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 40.00 X 183449 0 38899 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 40.00 X 189657 0 52307 KERRY STACY CHIEF PERFORMANCE OFFICER 40.00 X 195850 0 49961 JOLENE ALLEN CHIEF CULTURE OFFICER 40.00 X 93595 0 14238 DEBBIE SALAZAR CHIEF EXP. OFFICER 40.00 X 199361 0 32404 KIMBERLY CURRIE CHIEF MARKETING OFFICER 40.00 1.00 X 179874 0 49038 KEVIN SOUTHWICK CHIEF LENDING OFFICER 40.00 X 187703 0 39989 AMY MCHUGH SVP GOVERNANCE, RISK & REGULATORY AFFAIRS 40.00 X 159511 0 27150 MARCO PADILLA SR VP LENDING 40.00 X 170267 0 45890 MARK RIEK CHIEF FINANCE OFFICER 40.00 X 156646 0 35417 JOHN R MOLENDA JR CEO ELECT 40.00 X 83715 0 10632 TIMOTHY VILTER CHIEF FINANCE OFFICER (UNTIL 2/14/23) 40.00 X 40937 0 4900 RALPH FLORES MORTGAGE LOAN OFFICER 40.00 X 165807 0 32337 DEBRA CHAVEZ VP OF ACCOUNTING 40.00 X 142800 0 35059 DANA JARAMILLO SVP SUPPORT OPS 40.00 X 144944 0 37825 MATTHEW CALE VP IT CORE SYSTEMS 40.00 X 142269 0 35005 LORI SCHUTT SVP OF HR 40.00 X 136650 0 35115 3209897 0 667196 27 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBERG FL 33716 CREDIT CARD PROCESSING COMPANY/DIGITAL D 1783817 ALKAMI TECHNOLOGY PO BOX 670397 DALLAS TX 75267 SOFTWARE MAINT. RE: PLATFORM CONSUMER SY 1367158 VISA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING COMPANY 866653 ADVANCED NETWORK MANAGEMENT INC 4001 JEFFERSON PLAZA NE ALBUQUERQUE NM 87109 DATA PROCESSING EQUIPMENT 590436 DBSI INC 6950 W MORELOS PLACE SUITE 1 CHANDLER AZ 85226 MAINTENANCE OF EQUIPMENT- TCR/TCD 580986 23 PROGRAM SERVICE REVENU 522100 55390483 55390483 INVESTMENT SERVICES 522100 169245 169245 55559728 55559728 55390483 169245 0 2969282 11862059 492009 2077191 1174255 18644 127200 1161582 982179 5995524 986233 162169 223258 6396853 1386389 267314 PROVISION FOR LOAN LOSS 6470500 LOAN SERVICING EXPENSE 2456552 OPERATIONS 2268635 47477828 3525902 1372966 29653622 33635462 6053371 5112528 767842073 862471885 1086854 1098227 46856715 17964389 29205112 28892326 182533921 133415908 10141815 11444725 1030042670 1077444027 4738800 4442899 539863 536339 920336805 963192343 925615468 968171581 X 0 0 0 0 104427202 109272446 104427202 109272446 1030042670 1077444027 X 8081900 4353009 -7589665 X X 0 1 X 0 0 6087407 6087407 25985317 6363620 19621697 614132 614132 0 14169859 10986637 3183222 28892326 COLI INVESTMENT 13226608 C INVESTMENT IN NCUSIF 8405305 C INVESTMENTS 111783995 C 133415908 DEFERRED CREDITS 8500 IRA REGULAR SHARES 18475632 IRA SHARE CERTIFICATES 10679119 OTHER LIABILITIES 6406829 REGULAR SHARE CERTIFICATES 188218924 SHARE DRAFT ACCOUNTS -4935 SHARES 739408274 963192343 X PART X, LINE 2: THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X X X 0 1 0 CHARLES CHUCK VALENTI CEO 324527 0 30571 0 2375 0 46487 0 23440 0 427400 0 0 0 DAVID WEIDAUER EVP 262611 0 15452 0 1326 0 13973 0 29630 0 322992 0 0 0 KERRY STACY CHIEF PERFORMANCE OFFICER 185376 0 9738 0 736 0 20424 0 29537 0 245811 0 0 0 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 168383 0 6042 0 15232 0 20303 0 32004 0 241964 0 0 0 DEBBIE SALAZAR CHIEF EXP. OFFICER 192602 0 6171 0 588 0 20767 0 11637 0 231765 0 0 0 KIMBERLY CURRIE CHIEF MARKETING OFFICER 168879 0 8883 0 2112 0 18884 0 30154 0 228912 0 0 0 KEVIN SOUTHWICK CHIEF LENDING OFFICER 159002 0 9201 0 19500 0 19435 0 20554 0 227692 0 0 0 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 174246 0 8883 0 320 0 19015 0 19884 0 222348 0 0 0 MARCO PADILLA SR VP LENDING 164509 0 5438 0 320 0 13911 0 31978 0 216156 0 0 0 RALPH FLORES MORTGAGE LOAN OFFICER 155055 0 2229 0 8523 0 9688 0 22649 0 198144 0 0 0 MARK RIEK CHIEF FINANCE OFFICER 141532 0 2655 0 12459 0 15315 0 20102 0 192063 0 0 0 AMY MCHUGH SVP GOVERNANCE, RISK & REGULATORY AF 152980 0 4738 0 1793 0 16308 0 10841 0 186660 0 0 0 DANA JARAMILLO SVP SUPPORT OPS 122854 0 6091 0 15999 0 15332 0 22494 0 182770 0 0 0 DEBRA CHAVEZ VP OF ACCOUNTING 137843 0 2715 0 2242 0 14323 0 20736 0 177859 0 0 0 MATTHEW CALE VP IT CORE SYSTEMS 136058 0 4835 0 1376 0 14737 0 20268 0 177274 0 0 0 LORI SCHUTT SVP OF HR 119107 0 3808 0 13735 0 12616 0 22499 0 171765 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION, BUT ARE ALLOWED $7,500 PER YEAR FOR THE REIMBURSEMENT OF ORDINARY, NECESSARY, AND REASONABLE BUSINESS EXPENSES INCURRED BY VOLUNTEERS IN THE PERFORMANCE OF THEIR DUTIES AND RESPONSIBILITIES INCLUDING TRAVEL FOR EDUCATIONAL PURPOSES RELATED TO THEIR DUTIES WHICH INCLUDE SPOUSES TRAVEL, IF THEY TRAVEL WITH THEM. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(B) PLAN: CHARLES (CHUCK) VALENTI, DAVID WEIDAUER, CHRISTOPHER MCGEE, KERRY STACY, JOLENE ALLEN, DEBBIE SALAZAR, KIMBERLY CURRIE, KEVIN SOUTHWICK, PAMELA ATENCIO, MARCO PADILLA, AMY MCHUGH, DANA JARAMILLO, TIMOTHY VILTER, MATTHEW CALE, DEBRA CHAVEZ, MARK RIEK, LORI SCHUTT, AND RALPH FLORES. CHARLES (CHUCK) VALENTI CONTRIBUTED $22,500 TO THE 457(B) PLAN THROUGH PAYROLL DEDUCTIONS DURING 2023. JOLENE ALLEN WITHDREW $25,437 FROM THE 457(B) PLAN DURING 2023. ALL EMPLOYEES BELOW WERE ISSUED AN EMPLOYER CONTRIBUTION. DAVID WEIDAUER - $8,170 CHRISTOPHER MCGEE - $6,023 KERRY STACY - $5,844 DEBBIE SALAZAR - $6,151 KIMBERLY CURRIE - $5,449 KEVIN SOUTHWICK - $5,574 PAMELA ATENCIO - $5,450 MARCO PADILLA - $5,324 AMY MCHUGH - $4,578 DANA JARAMILLO - $4,423 MATTHEW CALE - $4,157 DEBRA CHAVEZ - $3,712 MARK RIEK - $3,635 LORI SCHUTT - $2,591 RALPH FLORES - $1,164 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. THE CAPITAL OF DNCU SHALL CONSIST OF SHARE ACCOUNTS, MEMBERSHIP SHARES, RESERVES, AND UNDIVIDED EARNINGS. MEMBERSHIP SHARES SHALL HAVE A PAR VALUE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A IN ALL ELECTIONS EACH MEMBER IN GOOD STANDING SHALL HAVE ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES OR ACCOUNTS HELD BY HIM, HER, OR IT. ELIGIBILITY TO VOTE SHALL BE DETERMINED BY THE FEDERAL TAX IDENTIFICATION NUMBER OF EACH ACCOUNT. MEMBERS WITH MULTIPLE ACCOUNTS WITH THE SAME FEDERAL TAX IDENTIFICATION NUMBER SHALL ONLY BE ENTITLED TO ONE VOTE. ONLY THE PERSON OR ENTITY WHOSE FEDERAL TAX ID NUMBER APPEARS ON THE ACCOUNT MAY VOTE. IF A MEMBER IS A NATURAL PERSON, HE/SHE MUST BE 18 YEARS OF AGE OR OLDER ON THE DATE OF THE ANNUAL MEETING TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, EVP AND CFO REVIEW THE TAX RETURNS BEFORE THEY ARE FILED AND THEN SIGNED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 12C A FORM IS UPDATED ANNUALLY IF NEED BE BY EACH EMPLOYEE AND KEPT IN THE EMPLOYEE FILE. ALL BOARD AND SUPERVISORY BOARD MEMBERS SIGN AN ANNUAL CODE OF CONDUCT WHICH INCLUDES A CONFLICT OF INTEREST STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MAY HIRE A CHIEF EXECUTIVE OFFICER RESPONSIBLE FOR THE MANAGEMENT OF DEL NORTE CREDIT UNION. SAID CHIEF EXECUTIVE OFFICER SHALL BE KNOWN AS THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO). THE PRESIDENT/CEO SHALL NOT BE A MEMBER OF THE BOARD. THE PRESIDENT/CEO SHALL SERVE AT THE DISCRETION OF THE BOARD AND BE SUBJECT TO THE DIRECTION AND APPROVAL OF THE BOARD. THE PRESIDENT/CEO SHALL REPORT AND BE RESPONSIBLE TO THE BOARD. THE CEO DETERMINES KEY EMPLOYEES' SALARIES WHICH ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED ON THE WWW.DNCU.COM WEBSITE FOR THE PUBLIC TO VIEW. FORM 990, PART XI, LINE 9: CHANGE IN AFS UNREALIZED LOSS -4,353,009. ASC TOPIC 326 ADJ FOR FINANCIAL INSTRUMENTS-CREDIT LOSSES -3,236,656. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS ARE AUDITED EVERY YEAR ENDING MARCH 31ST BY NEARMAN CPA'S. DEL NORTE LOV FOUNDATION 3286 CERRILLOS RD SANTA FE NM 87507 824777209 SCHOLARSHIPS FUNDING NM 501(C)(3) LINE 7 DEL NORTE CREDIT UNION 1 CU ANYTIME LLC 4374 ALEXANDER BLVD NE SUITE A ALBUQUERQUE NM 87107 742814060 SHARED ATM NM NONE RELATED 34337 662079 0 0 0.12280 CUPR1ME INC 3286 CERRILLOS RD SANTA FE NM 87507 850340201 FINANCIAL SERVICES NM DEL NORTE CREDIT UNION C -7616 176747 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 DEL NORTE LOV FOUNDATION O 116035 FMV