CREDIT UNIONS IN THE STATE OF NEW MEXICO: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS IN THE STATE OF NEW MEXICO (EIN 85-6010733)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-14
IRS object ID: 202313189349311681
Schema version: 2022v5.0
Note: A later return for the same period supersedes this one.
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-14T14:26:45-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390758449	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WIPFLI LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1502 LONDON ROAD SUITE 200	AddressLine1Txt
City	DULUTH	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55812	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	856010733	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNIONS IN THE STATE OF NEW MEXICO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CRED	BusinessNameControlTxt
Phone	5059837328	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	813 ST MICHAELS DRIVE	AddressLine1Txt
City	SANTA FE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87505	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ETHAN HENDRICKSON	PersonNm
Person Title	CHIEF FINANCIAL OFFICER	PersonTitleTxt
Phone	5059837328	PhoneNum
Signature	2023-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ETHAN	PersonFirstNm
Person Last	HENDRICKSON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICHAEL J PETERSON CPA	PreparerPersonNm
PTIN	P01833529	PTIN
Phone	2187224705	PhoneNum
Preparation	2023-11-14	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	STATE EMPLOYEES CREDIT UNION OF NEW MEXICO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	ANDY RAMOS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	813 ST MICHAELS DRIVE	AddressLine1Txt
City	SANTA FE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87505	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$48,294,625	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.SECUNM.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1958	FormationYr
Legal Domicile State	NM	LegalDomicileStateCd
Activity Or Mission	NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	237	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$1,826,265	CYContributionsGrantsAmt
PY Program Service Revenue	$38,456,742	PYProgramServiceRevenueAmt
CY Program Service Revenue	$42,926,283	CYProgramServiceRevenueAmt
PY Investment Income	$1,411,816	PYInvestmentIncomeAmt
CY Investment Income	$3,471,761	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$59,592	CYOtherRevenueAmt
PY Total Revenue	$39,868,558	PYTotalRevenueAmt
CY Total Revenue	$48,283,901	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$13,562,592	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$14,627,209	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$15,536,296	PYOtherExpensesAmt
CY Other Expenses	$18,522,687	CYOtherExpensesAmt
PY Total Expenses	$29,098,888	PYTotalExpensesAmt
CY Total Expenses	$33,149,896	CYTotalExpensesAmt
PY Revenues Less Expenses	$10,769,670	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$15,134,005	CYRevenuesLessExpensesAmt
Total Assets BOY	$936,346,148	TotalAssetsBOYAmt
Total Assets EOY	$1,068,857,027	TotalAssetsEOYAmt
Total Liabilities BOY	$846,909,191	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$981,525,122	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$89,436,957	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$87,331,905	NetAssetsOrFundBalancesEOYAmt
Mission	NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS 53,073 MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	33909	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	237	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEYLAND GONZALES	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5059837328	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	813 ST MICHAELS DRIVE	AddressLine1Txt
City	SANTA FE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87505	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JERRY RAEL
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
JOANNE COPPLER-VIGIL
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
KENNETH KIRK
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
VIRGINIA HENDLEY
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
LORRIE LUJAN
SECRETARY (THRU 05/22)	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROSEMARY WICKARD
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MICHAEL DURAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
PAMELA GONZALES
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ANDY RAMOS
PRESIDENT/CEO	40.00		Yes (X)	$544,438	$0	$17,374
MARK SADOWSKI
CHIEF FINANCIAL OFFICER (THRU 01/22)	40.00		Yes (X)	$37,573	$0	$1,353
SCHWAN HARDI
CHIEF FINANCIAL OFFICER	40.00		Yes (X)	$45,979	$0	$0
EMILIO ATENCIO
CHIEF LENDING OFFICER	40.00		Yes (X)	$187,558	$0	$33,562
DEBORAH SPARKS
CHIEF H.R. OFFICER (THRU 04/22)	40.00		Yes (X)	$262,173	$0	$10,676
KYLE MOORE
SVP MARKETING & COMMUNITY	40.00		Yes (X)	$132,904	$0	$38,655
MARIA SUAZO
SVP RETAIL ENGAGEMENT	40.00		Yes (X)	$128,386	$0	$39,446
LINDSAY JONES
EVP CHIEF OPERATIONS OFFICER	40.00		Yes (X)	$241,826	$0	$30,479
WILLIAM THORN
CHIEF PEOPLE OFFICER	40.00		Yes (X)	$191,936	$0	$26,252
EDWARD CHRISTIANS
EVP CHIEF INFORMATION OFFICER	40.00		Yes (X)	$253,776	$0	$24,241
SANDRA LOPEZ
SVP BOARD ENGAGEMENT	40.00		Yes (X)	$125,175	$0	$2,831
MAIRGHREAD CADIZ
SVP COMMUNITY AND BUSINESS DEV	40.00		Yes (X)	$77,364	$0	$9,576
HAROLD DIXON
DIRECTOR OF PROJECT MANAGEMENT	40.00			$446,268	$0	$28,571	Yes (X)
RYAN KLINKRODT
VP OF COMMERICALLENDING	40.00			$143,545	$0	$36,043	Yes (X)
DARLENE VIGIL
ASST. VP/RE LOAN MANAGER	40.00			$123,146	$0	$27,124	Yes (X)
MARK SALAZAR
AVP/INDIRECT LOAN MANAGER	40.00			$121,848	$0	$26,203	Yes (X)
QUENTIN SMITH
VP FINANCE AND ACCOUNTING	40.00			$112,613	$0	$23,819	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,176,508	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$376,205	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	17	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
JIM DIXON CONSTRUCTION
280 DEL NORTE COURT	BOSQUE FARMS	NM	87068	CONSTRUCTION	$7,251,619
FISERV INC
75 REMITTANCE DR	CHICAGO	IL	60675	BANKING PRODUCTS & SERVICES	$902,516
KASASA LTD
PO BOX 527	LUBBOCK	TX	79408	BANKING PRODUCTS & SERVICES	$602,506
PHOENIX SECURITY
1355 ACEQUIA BORRADA	SANTA FE	NM	87507	SECURITY	$362,681
EL QUETZAL
1013 DON DIEGO AVE	SANTA FE	NM	87505	JANITORIAL SERVICES	$248,297

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,826,265	GovernmentGrantsAmt
Total Contributions	$1,826,265	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS RECEIVABLE	522100	$30,316,301	$30,316,301
FEES AND SERVICE CHARGES	522100	$6,569,377	$6,569,377
NON INTEREST INCOME	900099	$6,040,605	$6,040,605

Field	Value	IRS element (for citing)
Total Program Service Revenue	$42,926,283	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,477,208	TotalRevenueColumnAmt
Exclusion	$3,477,208	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$59,592	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$59,592	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$59,592	TotalRevenueColumnAmt
Exclusion	$59,592	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$5,277	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$10,724	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$5,277	SecuritiesAmt
Other	-$10,724	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$5,447	TotalRevenueColumnAmt
Exclusion	-$5,447	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$48,283,901	TotalRevenueColumnAmt
Related Or Exempt Func Income	$42,926,283	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$3,531,353	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,455,772	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$8,901,962	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$305,833	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,164,357	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$799,285	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$69,833	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$60,000	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,081,070	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$688,807	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$656,778	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$277,661	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$645,587	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$136,654	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$285,107	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,836,451	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$763,428	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$123,049	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
DIVIDENDS ON MEMBER SHA	$7,967,377
PROVISION FOR LOAN LOSS	$1,203,535
LOAN SERVICING EXPENSE	$336,654
STATE EXAM FEES	$136,654

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$254,042	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$33,149,896	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,430,126	BOYAmt
EOY	$7,995,846	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$96,848,195	BOYAmt
EOY	$66,333,044	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,699,595	BOYAmt
EOY	$2,152,846	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$4,359,016	BOYAmt
EOY	$14,305,162	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$622,205,011	BOYAmt
EOY	$809,075,598	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$900,271	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$37,594,244	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$9,705,111	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$17,179,021	BOYAmt
EOY	$27,889,133	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$6,752,293	BOYAmt
EOY	$4,956,570	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$156,887,629	BOYAmt
EOY	$109,191,009	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$24,985,262	BOYAmt
EOY	$26,057,548	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$936,346,148	BOYAmt
EOY	$1,068,857,027	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$11,170,230	BOYAmt
EOY	$10,644,517	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$835,738,961	BOYAmt
EOY	$970,880,605	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$846,909,191	BOYAmt
EOY	$981,525,122	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$89,436,957	BOYAmt
EOY	$87,331,905	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$89,436,957	BOYAmt
EOY	$87,331,905	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$936,346,148	BOYAmt
EOY	$1,068,857,027	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$15,134,005	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$15,523,178	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,715,879	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,522,382	OtherCostOrOtherBasisAmt
Book Value	$7,522,382	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,331,455	OtherCostOrOtherBasisAmt
Depreciation	$5,791,955	DepreciationAmt
Book Value	$8,539,500	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,504,197	OtherCostOrOtherBasisAmt
Depreciation	$3,913,156	DepreciationAmt
Book Value	$591,041	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$11,236,210	OtherCostOrOtherBasisAmt
Book Value	$11,236,210	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$27,889,133	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

Field	Value	IRS element (for citing)
Desc	AVAILABLE-FOR-SALE DEBT SECURITIES	Desc
Book Value	$109,191,009	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$109,191,009	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
SHARES AND DEPOSITS	$890,880,605
LINE OF CREDIT	$80,000,000

Field	Value	IRS element (for citing)
Total Liability	$970,880,605	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$48,294,625	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$48,294,625	RevenueSubtotalAmt
Other Revenues Not Included	-$10,724	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$10,724	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$48,283,901	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$33,160,620	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$10,724	OtherExpensesIncludedAmt
Expenses Not Reported	$10,724	ExpensesNotReportedAmt
Expenses Subtotal	$33,149,896	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$33,149,896	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:	LOSS ON SALE OF REPOSSESSED COLLATERAL INCLUDED AS EXPENSE IN AUDITED FS -10,724.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	LOSS ON SALE OF REPOSSESSED COLLATERAL INCLUDED AS EXPENSE IN AUDITED FS 10,724.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ANDY RAMOS
PRESIDENT/CEO	$453,618	$0	$75,216	$0	$15,604	$0	$0	$0	$17,374	$0	$561,812	$0	$0	$0
HAROLD DIXON
DIRECTOR OF PROJECT MANAGEMENT	$441,631	$0	$0	$0	$4,637	$0	$10,675	$0	$17,896	$0	$474,839	$0	$0	$0
EDWARD CHRISTIANS
EVP CHIEF INFORMATION OFFICER	$241,604	$0	$11,631	$0	$541	$0	$8,077	$0	$16,164	$0	$278,017	$0	$0	$0
DEBORAH SPARKS
CHIEF H.R. OFFICER (THRU 04/22)	$60,706	$0	$0	$0	$201,467	$0	$2,245	$0	$8,431	$0	$272,849	$0	$0	$0
LINDSAY JONES
EVP CHIEF OPERATIONS OFFICER	$225,733	$0	$15,552	$0	$541	$0	$13,015	$0	$17,464	$0	$272,305	$0	$0	$0
EMILIO ATENCIO
CHIEF LENDING OFFICER	$176,047	$0	$9,228	$0	$2,283	$0	$31,829	$0	$1,733	$0	$221,120	$0	$0	$0
WILLIAM THORN
CHIEF PEOPLE OFFICER	$180,214	$0	$11,239	$0	$483	$0	$4,887	$0	$21,365	$0	$218,188	$0	$0	$0
RYAN KLINKRODT
VP OF COMMERICALLENDING	$139,734	$0	$2,136	$0	$1,675	$0	$23,357	$0	$12,686	$0	$179,588	$0	$0	$0
KYLE MOORE
SVP MARKETING & COMMUNITY	$120,597	$0	$10,963	$0	$1,344	$0	$16,716	$0	$21,939	$0	$171,559	$0	$0	$0
MARIA SUAZO
SVP RETAIL ENGAGEMENT	$116,734	$0	$10,395	$0	$1,257	$0	$16,582	$0	$22,864	$0	$167,832	$0	$0	$0
DARLENE VIGIL
ASST. VP/RE LOAN MANAGER	$116,053	$0	$4,941	$0	$2,152	$0	$17,053	$0	$10,071	$0	$150,270	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 3

A COMMITTEE OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO REVIEW THE PERFORMANCE OF THE PRESIDENT/CEO AND DETERMINE ANY MARKET OR MERIT INCREASE. THE CEO HAS A WRITTEN CONTRACT WITH THE BOARD OF DIRECTORS WITH A DISCRETE TERM. REGIONAL BANKING AND CREDIT UNION SALARY SURVEYS, AS WELL AS OTHER PEER GROUP STUDIES AND CONSULTANCY, IS USED TO INFORM RECOMMENDATIONS FOR CEO REMUNERATION.

PART I, LINES 4A-B

HAROLD DIXON, MARK SADOWSKI AND ANDY RAMOS PARTICIPATED IN A SPLIT-DOLLAR LIFE INSURANCE PLAN DURING 2022. SEE SCHEDULE L, PART II FOR FURTHER DETAIL. IN ADDITION, THE CREDIT UNION MAINTAINS 457(F) PLANS FOR THE FOLLOWING OFFICERS AND KEY POSITIONS/PERSON AS FOLLOWS. THE AMOUNT OF DEFERRALS DURING THE YEAR TO EACH PARTICIPATING LISTED INDIVIDUAL IS: EMILIO ATENCIO - $26,198 KYLE MOORE - $12,244 MARIA SUAZO - $12,244 RYAN KLINKRODT - $18,283 DARLENE VIGIL - $12,803 THERE WERE NO DISTRIBUTIONS FROM THE PLAN DURING 2022. IN 2022, DEBROAH SPARKS RECEIVED A SEVERANCE PAYMENT OF $200,000.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
HAROLD DIXON
FORMER PRESIDENT/CEO	SPLIT-DOLLAR LIFE INSURANCE AGREEMENT	Yes (X)	$3,600,000	$4,616,653	0	Yes (1)	Yes (1)
MARK SADOWSKI
CHIEF FINANCIAL OFFICER	SPLIT-DOLLAR LIFE INSURANCE AGREEMENT	Yes (X)	$770,000	$818,162	0	Yes (1)	Yes (1)
ANDY RAMOS
PRESIDENT/CEO	SPLIT-DOLLAR LIFE INSURANCE AGREEMENT	Yes (X)	$8,800,000	$8,870,347	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$14,305,162	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION IS OWNED AND GOVERNED BY ITS MEMBERS. MEMBERS OWN SHARES, ELECT BOARD MEMBERS AND VOTE ON ISSUES SUCH AS MERGERS AND CHARTER CONVERSIONS. BOARD AND MANAGEMENT DECISIONS AFFECT THE FEES MEMBERS PAY, INTEREST RATES THEY ARE CHARGED FOR LOANS, SERVICES THE CREDIT UNION OFFERS AND WHETHER MEMBERS RECEIVE DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7A	THE CREDIT UNION IS OWNED AND GOVERNED BY ITS MEMBERS, WHO OWN SHARES AND ELECT BOARD MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7B	THE CREDIT UNION IS GOVERNED BY ITS MEMBERS, WHO VOTE ON ISSUES SUCH AS MERGERS AND CHARTER CONVERSIONS.
FORM 990, PART VI, SECTION B, LINE 11B	THE INFORMATION REPORTED ON THE 990 WAS ACCUMULATED BY INTERNAL ACCOUNTING STAFF AND PROVIDED TO A PAID PREPARE TO ASSEMBLE. A DRAFT OF THE 990 IS PROVIDED TO MANAGEMENT FOR REVIEW PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM AT THEIR EMPLOYMENT, AS WELL AS TO COMPLETE A NEW FORM ANNUALLY AND DISCLOSE ANY NEW CONFLICTS OR POSSIBLE CONFLICTS SHOULD THEY EXIST. THIS IS OVERSEEN BY THE HUMAN RESOURCES DEPARTMENT, SUPERVISORY COMMITTEE, AND BOARD OF DIRECTORS AS APPLICABLE (BOARD AND SUPERVISORY FOR THE REVIEW OF SENIOR MANAGEMENT AND CONFLICTS OF INTEREST, AND HUMAN RESOURCES FOR THE REVIEW OF STAFF/ADMINISTRATIVE MANAGEMENT OF CONFLICTS OF INTEREST). THE POLICY APPLIES TO ALL EMPLOYEES, BOARD OF DIRECTORS, AND SUPERVISORY COMMITTEE MEMBERS. ACTUAL CONFLICTS OF INTEREST, AS WELL AS POSSIBLE CONFLICTS OF INTEREST, ARE REVIEWED FROM THE PERSPECTIVE OF PERSONAL AND/OR FINANCIAL INTEREST OR BENEFIT THAT MAY BE OBTAINED BY THE EMPLOYEE IDENTIFYING THE POSSIBLE OR ACTUAL CONFLICT OF INTEREST. IN SUCH CASES, THE EMPLOYEE WITH THE STATED CONFLICT WILL ABSTAIN FROM ANY DISCUSSION OR VOTE INVOLVING THE MATTER OF THE CONFLICT OF INTEREST. THE PRESIDENT/CEO IS RESPONSIBLE FOR THE MANAGEMENT OF ANY CONFLICT OF INTEREST ISSUES THAT MAY ARISE IN THE WORKPLACE.
FORM 990, PART VI, SECTION B, LINE 15A	AN ANNUAL REVIEW OF THE PERFORMANCE OF THE PRESIDENT/CEO IS CONDUCTED BY THE BOARD OF DIRECTORS. IT ALSO SETS THE SALARY AND BENEFITS OF THE PRESIDENT/CEO BASED ON A COMBINATION OF INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE, IN ADDITION TO CONDUCTING ANNUAL SALARY AND TOTAL COMPENSATION STUDIES WITH RELEVANT PEER GROUPS (FINANCIAL SERVICES, CREDIT UNIONS). FURTHER, THE CREDIT UNION ESTABLISHES COMPENSATION LEVELS FOR EACH CREDIT UNION POSITION THROUGH AN INTERNAL LEVELING AND GRADING PROCESS TO ENSURE MARKET ALIGNMENT WITH INTERNAL PARITY. COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS BASED UPON EVALUATION OF A COMBINATION OF THEIR EDUCATION, EXPERIENCE, SKILLS AND COMPETENCIES THEREIN.
FORM 990, PART VI, SECTION C, LINE 19	AVAILABLE FOR REVIEW ON REQUEST AT THE CREDIT UNION'S MAIN OFFICE. CREDIT UNION MEMBERS CAN OBTAIN INFORMATION ABOUT THEIR CREDIT UNION BY ATTENDING THE ANNUAL MEETING FOR THE MEMBERSHIP, SPECIFICALLY REQUESTING INFORMATION FROM THE CREDIT UNION, READING CREDIT UNION PUBLICATIONS AND ACCESSING INFORMATION ON THEIR CREDIT UNION'S WEBSITE.
FORM 990, PART XI, LINE 9:	NET CHANGE IN DEFINED BENEFIT OBLIGATION -1,715,879.