2022-11-15T14:17:01-06:00 2021-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2021-01-01 850124035 DEL NORTE CREDIT UNION DELN 5054555445 PO BOX 1180 LOS ALAMOS NM 87544 CHARLES CHUCK VALENTI CEO 5054555445 2022-11-14 1 CHARLES CHUCK VALENTI 999009999 REBECCA A RODRIGUEZ P01073764 2108286281 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHARLES CHUCK VALENTI 3286 CERRILLOS RD SANTA FE NM 87507 36581378 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. 9 9 261 15 198685 0 0 0 35628286 36581378 -12480 0 0 0 35615806 36581378 0 0 0 0 13584115 15117064 0 0 0 16367074 14523120 29951189 29640184 5664617 6941194 849421553 967606971 762802721 874053607 86618832 93553364 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 0 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 8594 0 1 261 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X DEBRA CHAVEZ 5054555445 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 DELIA CISNEROS BOARD MEMBER/DIRECTOR 1.00 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 1.00 X 0 0 0 CHARLES CHUCK VALENTI CEO 40.00 X 354413 0 44365 DAVID WEIDAUER EVP 40.00 X 237517 0 52868 JOHN BALLI EVP (UNTIL 10/08/21) 40.00 X 222808 0 47005 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 40.00 X 174310 0 52395 KERRY STACY CHIEF PERFORMANCE OFFICER 40.00 X 174671 0 48986 JOLENE ALLEN CHIEF CULTURE OFFICER 40.00 X 180851 0 42613 DEBBIE SALAZAR CHIEF EXPERIENCE OFFICER 40.00 X 182456 0 39887 KIMBERLY CURRIE CHIEF MARKETING OFFICER 40.00 X 157468 0 46726 KEVIN SOUTHWICK CHIEF LENDING OFFICER 40.00 X 161747 0 38132 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 40.00 X 163333 0 36541 MARCO PADILLA SR VP LENDING 40.00 X 142837 0 44231 DANA JARAMILLO SVP SUPPORT OPERATIONS 40.00 X 124191 0 35494 AMY MCHUGH CHIEF RISK OFFICER 40.00 X 113753 0 19937 TIMOTHY VILTER CFO 40.00 X 112970 0 17422 YVETTE ROMERO SVP MEMBER EXPERIENCE 40.00 X 92380 0 20741 AMANDA GEORGE MORTGAGE LOAN OFFICER 40.00 X 259221 0 19930 RALPH FLORES MORTGAGE LOAN OFFICER 40.00 X 152150 0 31085 ROBERT ORTEGA VP MORTGAGE LENDING 40.00 X 132640 0 34410 GILBERT GARCIA MORTGAGE LOAN OFFICER 40.00 X 132382 0 20194 KATHRYN MCNUTT VP TALENT 40.00 X 119866 0 20593 3391964 0 713555 22 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING COMPANY/DIGITAL D 1905566 WILGER ENTERPRISES INC 425 EDMON NE ALBUQUERQUE NM 87107 BUILDING CONTRACTOR 1415151 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 BILL PAY SERVICES 718516 VISA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING COMPANY 574780 SPANN HOLLOWWAY & ARTLEY PO BOX 1031 ALBUQUERQUE NM 87103 COLLECTION ATTORNEYS 276229 17 PROGRAM SERVICE REVENUE 511110 36382693 36382693 INVESTMENT SERVICES 523930 198685 198685 36581378 36581378 36382693 198685 0 3183048 8991519 158075 1833961 950461 43462 60000 1209551 1012601 4043242 770677 40409 107884 1527224 1403462 190518 LOAN SERVICING EXPENSE 1939046 OPERATIONS 1755335 PROVISION FOR LOAN LOSS 419709 29640184 4329511 4437150 207325545 138253378 1503191 2111711 559499724 627111309 1098597 753342 43575202 15120148 23893045 28455054 42527449 158206398 9244491 8278629 849421553 967606971 3886203 3900025 3000 111167 758913518 870042415 762802721 874053607 X 0 0 0 0 86618832 93553364 86618832 93553364 849421553 967606971 X 6941194 -1125577 1118915 X X 0 1 X 1 0 5294176 5294176 22632765 5596946 17035819 614132 614132 0 12447496 8909070 3538426 2586633 2586633 28455054 COLI INVESTMENT 12541549 C INVESTMENT IN NCUSIF 7433687 C INVESTMENTS 138231162 C 158206398 DEFERRED CREDITS 15975 IRA REGULAR SHARES 18110540 IRA SHARE CERTIFICATES 5271404 OTHER LIABILITIES 6297912 REGULAR SHARE CERTIFICATES 84815348 SHARE DRAFT ACCOUNTS -4532 SHARES 755535768 870042415 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 316749 0 35331 0 2333 0 21750 0 22615 0 398778 0 0 0 DAVID WEIDAUER EVP 219355 0 17472 0 690 0 22711 0 30157 0 290385 0 0 0 AMANDA GEORGE MORTGAGE LOAN OFFICER 54946 0 203961 0 314 0 19416 0 514 0 279151 0 0 0 JOHN BALLI EVP (UNTIL 10/08/21) 201766 0 20000 0 1042 0 19264 0 27741 0 269813 0 0 0 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 161295 0 12565 0 450 0 17763 0 34632 0 226705 0 0 0 KERRY STACY CHIEF PERFORMANCE OFFICER 165426 0 8555 0 690 0 17102 0 31884 0 223657 0 0 0 JOLENE ALLEN CHIEF CULTURE OFFICER 166093 0 12778 0 1980 0 17951 0 24662 0 223464 0 0 0 DEBBIE SALAZAR CHIEF EXPERIENCE OFFICER 168579 0 12587 0 1290 0 17744 0 22144 0 222344 0 0 0 KIMBERLY CURRIE CHIEF MARKETING OFFICER 144831 0 10657 0 1980 0 14818 0 31908 0 204194 0 0 0 KEVIN SOUTHWICK CHIEF LENDING OFFICER 153371 0 7686 0 690 0 16101 0 22030 0 199878 0 0 0 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 146399 0 16634 0 300 0 15298 0 21244 0 199875 0 0 0 MARCO PADILLA SR VP LENDING 133991 0 8546 0 300 0 9851 0 34380 0 187068 0 0 0 RALPH FLORES MORTGAGE LOAN OFFICER 56571 0 95417 0 162 0 7869 0 23216 0 183235 0 0 0 ROBERT ORTEGA VP MORTGAGE LENDING 124435 0 6225 0 1980 0 12878 0 21533 0 167051 0 0 0 DANA JARAMILLO SVP SUPPORT OPERATIONS 116485 0 7016 0 690 0 12204 0 23290 0 159685 0 0 0 GILBERT GARCIA MORTGAGE LOAN OFFICER 59340 0 72680 0 362 0 8030 0 12164 0 152576 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION, BUT ARE ALLOWED $7,500.00 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, KERRY STACY, JOLENE ALLEN, JOHN BALLI, CHRISTOPHER MCGEE, ROBERT ORTEGA, DAVID WEIDAUER, KIMBERLY CURRIE, KEVIN SOUTHWICK, MARCO PADILLA, YVETTE ROMERO, DEBBIE SALAZAR, PAMELA ATENCIO AND TIM VILTER. CHARLES (CHUCK) VALENTI AND TIM VILTER CONTRIBUTED TO THE 457(B) PLAN THROUGH PAYROLL DEDUCTIONS DURING 2021. ALL EMPLOYEES BELOW WERE ISSUED AN EMPLOYER CONTRIBUTION. DAVID WEIDAUER - $5,002 JOHN BALLI - $2,377 CHRISTOPHER MCGEE - $4,488 KERRY STACY - $3,985 JOLENE ALLEN - $4,434 DEBBIE SALAZAR - $4,228 KIMBERLY CURRIE - $3,582 KEVIN SOUTHWICK - $4,113 PAMELA ATENCIO - $3,062 MARCO PADILLA - $3,467 ROBERT ORTEGA - $3,082 DANA JARAMILLO - $2,807 KATHRYN MCNUTT - $783 YVETTE ROMERO - $2,332 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 DNCU.COM WEBSITE FOR THE PUBLIC TO VIEW. FORM 990, PART XI, LINE 9: CHANGE IN AFS UNREALIZED LOSS 1,118,915. 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 3121 CARLISLE BLVD NE ALBUQUERQUE NM 87110 742814060 SHARED ATM NM NONE RELATED 114026 662558 0 0 0.12280 CUPR1ME INC 3286 CERRILLOS RD SANTA FE NM 87507 850340201 FINANCIAL SERVICES NM DEL NORTE CREDIT UNION C 1731 183611 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 76580 FMV