2020-11-16T15:24:07-07:00 2019-12-31 990 2019-01-01 856010733 CREDIT UNIONS IN THE STATE OF NEW MEXICO CRED 5059837328 813 St Michaels Drive Santa Fe NM 87505 Mark Sadowski Chief Financial Officer 5059837328 2020-11-12 67.131.75.29 2019 2021-04-22 16:20:28Z State Employees Credit Union of New Mexico Harold K Dixon 813 St Michaels Drive Santa Fe NM 87505 36490563 0 X www.secunm.org X 1958 NM New Mexico State-Chartered Credit Union providing financial services to its members as provided by the New Mexico Credit Union Act. 7 7 178 7 0 0 0 0 28925197 33705969 2342951 1364314 0 0 31268148 35070283 0 0 0 0 10783206 11975560 0 0 0 13803076 15254605 24586282 27230165 6681866 7840118 569598930 636267686 507501709 565704390 62097221 70563296 New Mexico State-Chartered Credit Union providing financial services to its members as provided by the New Mexico Credit Union Act. 0 0 27230165 0 35070283 New Mexico State-Chartered Credit Union providing financial services to its 47,330 members as provided by the New Mexico Credit Union Act. 0 0 0 27230165 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 27245 0 1 178 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X The Organization 5059837328 813 St Michaels Drive Santa Fe NM 87505 Dwayne Herrera Executive Vice President (Former) 40 0 X 423459 0 30854 Harold K Dixon President/CEO 40 0 X 402399 0 32252 Mark Sadowski Chief Financial Officer 40 0 X 145618 0 66083 Richard Schaefer Chief Information Systems Officer 40 0 X 170754 0 12792 Emilio Atencio Chief Lending Officer 40 0 X 146521 0 35868 Deborah Sparks Chief Human Resources Officer 40 0 X 137975 0 42883 Ryan Klinkrodt Commercial Lending Officer 40 0 X 112035 0 33758 Mark Salazar Assistant VP, Indirect Lending Manager 40 0 X 102895 0 20264 Kyle Moore Vice President of Marketing 40 0 X 81626 0 17109 Annitte Lujan Vice President of Operations 40 0 X 54226 0 8238 Jerry Rael Chair 1 0 X 0 0 0 Joanne Vigil Coppler Vice Chair 1 0 X 0 0 0 Lorrie Lujan Secretary 1 0 X 0 0 0 Kenneth Kirk Treasurer 1 0 X 0 0 0 Rosemary Wickard Director 1 0 X 0 0 0 Michael Duran Director 1 0 X 0 0 0 Pamela Gonzales Director 0 0 X 0 0 0 1777508 0 300101 10 1 1 0 Fiserv Inc 75 Remittance Dr Chicago IL 60675 Banking products and services 1198625 Presbyterian Health Plan PO Box 911594 Denver CO 80291 Health care insurance 542615 Kasasa LTD PO Box 527 Lubbock TX 79408 Banking products and services 479050 DataPrint Services LLC 5201 Venice Ave NE Suite E Albuquerque NM 87113 Printing and Mailing Services 188985 El Quetzal PO Box 9552 Santa Fe NM 87504 Building maintenance and cleaning services 150971 8 0 Interest on loans receivable 522130 23155668 23155668 0 0 Fees and Service Charges 522130 5442149 5442149 0 0 Non interest income 522130 5108152 5108152 0 0 0 0 0 0 33705969 1362661 1362661 0 0 0 0 0 0 0 0 0 0 0 0 1421933 0 1420280 0 1653 0 1653 1653 0 0 0 35070283 35070283 0 0 X 0 0 0 0 1804757 0 6746509 1008122 1813599 602573 26303 59120 0 0 0 3323394 673836 1617584 0 0 684737 104005 0 0 717534 0 734796 106039 Dividends 4890038 Provision for Loan Losses 1800000 Other 517219 27230165 0 0 0 6897514 7093090 2809627 34339265 0 1203226 1318723 0 0 0 0 487752371 525810376 0 0 0 0 25879746 7820616 17016998 18059130 0 0 5173137 6541493 27016004 18856563 0 0 21730053 24249046 569598930 636267686 6562931 7644373 0 0 0 0 0 0 0 0 0 0 15000000 0 0 0 485938778 558060017 507501709 565704390 X 0 0 0 0 62097221 70563296 62097221 70563296 569598930 636267686 X 7840118 491870 0 0 0 134087 X 0 1 X 1 0 0 7522382 7522382 0 14024809 4230075 9794734 0 0 0 0 0 4332555 3590541 742014 0 0 0 0 18059130 Shares and Deposits 558060017 558060017 X 35070283 0 0 0 0 0 35070283 0 0 0 35070283 27230165 0 0 0 0 0 27230165 0 0 0 27230165 Schedule D, Part X, Line 2 Shares and Deposits X X 1 0 0 Harold K Dixon President/CEO 382756 0 15743 0 3900 0 13015 0 15337 0 430751 0 0 0 Dwayne Herrera Executive Vice President (Former) 423333 0 126 0 0 0 16219 0 14635 0 454313 0 219857 0 Richard Schaefer Chief Information Systems Officer 162045 0 8709 0 0 0 5688 0 7104 0 183546 0 0 0 Mark Sadowski Chief Financial Officer 136909 0 8709 0 0 0 51904 0 14179 0 211701 0 0 0 Emilio Atencio Chief Lending Officer 137623 0 8898 0 0 0 35484 0 384 0 182389 0 0 0 Deborah Sparks Chief Human Resources Officer 129865 0 8110 0 0 0 28820 0 14063 0 180858 0 0 0 Kyle Moore Vice President of Marketing 72112 0 9515 0 0 0 2877 0 14232 0 98736 0 0 Annitte Lujan Vice President of Operations 44711 0 9515 0 0 0 1523 0 6714 0 62463 0 0 0 Ryan Klinkrodt Commercial Lending Officer 104231 0 7804 0 0 0 17592 0 16166 0 145793 0 0 0 Mark Salazar Assistant VP, Indirect Lending Manager 100533 0 2362 0 0 0 3676 0 16588 0 123159 0 0 0 Schedule J, Part I, Line 3 A Committee of the Board of Directors meets annually 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. Schedule J, Part I, Line 4 Executives receiving severance payments in 2019 Dwayne Herrera, Executive Vice President 133,806. Ted Gonzales Chairman, Supervisory/Audit Committee 42071 Advertising 0 Kenneth Kirk Treasurer 12900 Storage Rental 0 Harold Dixon President/CEO 32000 Joint Investment 0 Schedule L, Part IV Schedule L, Part IV - (A) Name of Person: Ted Gonzales; (B) Relationship between interested person and organization: Chairman, Supervisory Committee; (D) Description of transaction: Media advertising (A) Name of Person: Kenneth Kirk; (B) Relationship between interested person and organization: Treasurer; (D) Description of transaction: Storage unit rental (A) Name of Person: Harold Dixon; (D) Description of transaction: Joint investment in a cash value life insurance policy to provide reasonable retirement income for the interested person & return investment and interest to the organization. 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 Form 990 is prepared by Accounting Staff and given to the Principal Officer and Board to review. Form 990, Part VI, Section B, Line 12c The Supervisory Committee monitors and enforces compliance with the policy. Employees are required to sign an acknowledgement and agreement statement when provided with the credit union's employee handbook at the time of hire. Form 990, Part VI, Section B, Line 15 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 performance and reviews salary comparable to other credit union. The credit union establishes compensation levels for each credit union position. Compensation for other officers or key employees of the organization is based upon evaluation, employee's salary history, skills and experience. Form 990, Part VI, Section C, Line 18 Available for review on request at the credit union's main office. Form 990, Part VI, Section C, Line 19 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 IX, Line 11g Professional and outside services; Total other fees on Form 990, Part IX, Line 11G, Col A: $3,323,394 Form 990, Part XI, Line 9 Net change in defined benefit obligation: -134,087; total to form 990, Part XI, Line 9: -134,087 Additional time was needed to complete the independent audit of financial statements