2025-09-24T10:48:27-05:00 2024-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2024-01-01 850124035 DEL NORTE CREDIT UNION DELN 5054555415 PO BOX 1180 LOS ALAMOS NM 87544 JOHN R MOLENDA JR CEO 5054555415 2025-09-23 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2025-09-23 2024 2025-03-06 01:10:19Z JOHN R MOLENDA JR PO BOX 1180 LOS ALAMOS NM 87544 73854217 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 9 287 15 259341 0 0 0 55559728 73854217 0 0 0 0 55559728 73854217 0 397939 0 0 18574796 21203533 0 0 0 28903032 40309536 47477828 61911008 8081900 11943209 1077444027 1302207887 968171581 1180992233 109272446 121215654 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12527 0 1 287 1 1 1 0 0 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 NM X ANNABEL FLORES 5054555415 PO BOX 1180 LOS ALAMOS NM 87544 CLYDE A LEYBA BOARD MEMBER/CHAIR 1.00 X X 0 0 0 BENITO SALAZAR BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 LEN MONTOYA BOARD MEMBER/TREASURER 1.00 X X 0 0 0 LEVI LOPEZ BOARD MEMBER/TREASURER (UNTIL 5/2024) 1.00 X X 0 0 0 DENNIS LETTERS BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 ART SALGADO BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 DAVID LEE BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 JULIE FELDMAN BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 LUIS ALBA BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 STEVEN SANTISTEVAN BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 JOHN R MOLENDA JR CEO 40.00 X 283691 0 43860 CHARLES CHUCK VALENTI FMR CEO (UNTIL 05/16/2024) 32.00 X 188976 0 20954 DAVID WEIDAUER EVP 40.00 X 294100 0 38537 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 40.00 X 190802 0 38329 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 40.00 X 198862 0 49180 KERRY STACY CHIEF PERFORMANCE OFFICER 40.00 X 199923 0 44414 DEBBIE SALAZAR CHIEF EXP. OFFICER 40.00 X 211358 0 31710 KIMBERLY CURRIE CHIEF MARKETING OFFICER 40.00 X 182056 0 48187 KEVIN SOUTHWICK CHIEF BUSINESS OFFICER 40.00 X 188592 0 38924 AMY MCHUGH CHIEF RISK OFFICER 40.00 X 178125 0 27660 MARCO PADILLA CHIEF LENDING OFFICER 40.00 X 198353 0 44447 MARK RIEK CHIEF FINANCE OFFICER 40.00 X 195731 0 38806 RALPH FLORES AVP MORTGAGE LOAN OFFICER 40.00 X 163710 0 35330 DANA JARAMILLO SVP SUPPORT OPS 40.00 X 151006 0 37546 MATTHEW CALE VP IT CORE SYSTEMS 40.00 X 148258 0 16254 LORI SCHUTT SVP OF HR 40.00 X 145899 0 37145 RHONDA SANCHEZ VP MEMBER BUSINESS OPERATIONS SERVICES 40.00 X 139964 0 36596 3259406 0 627879 31 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBERG FL 33716 CREDIT CARD PROCESSING COMPANY/DIGITAL D 1894254 ALKAMI PO BOX 670397 DALLAS TX 75267 SOFTWARE MAINT RE: PLATFORM CONSUMER SYS 1458590 VISA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING COMPANY 928835 ADVANCED NETWORK MANAGEMENT INC 4001 JEFFERSON PLAZA NE ALBUQUERQUE NM 87109 DATA PROCESSING 927188 MAGIC WRIGHTER INC 1039 THREE MILE RD NW GRAND RAPIDS MI 49544 ACH FUNCTIONALITY FROM MERIDANLINK 478786 24 PROGRAM SERVICES 522100 73487896 73487896 INVESTMENT SERVICES 522100 366321 259341 106980 73854217 73854217 73487896 259341 106980 397939 2975577 13704771 761250 2463558 1298377 10151 127200 1069448 1100927 6845794 1012699 134527 405878 16630990 1414354 313976 PROVISION FOR LOAN LOSS 6234173 LOAN SERVICING EXPENSE 2643479 OPERATIONS 2365940 61911008 1372966 4725813 33635462 227321417 5112528 13650952 862471885 916643731 1098227 1302125 47938737 19378743 28892326 28559994 133415908 97294180 11444725 12709675 1077444027 1302207887 4442899 4397601 536339 455327 963192343 1176139305 968171581 1180992233 X 0 0 0 0 109272446 121215654 109272446 121215654 1077444027 1302207887 X 11943209 1496459 -1496460 X X 0 1 X 1 0 6087407 6087407 25985317 6780632 19204685 614132 614132 0 15241208 11983979 3257229 10673 10673 28559994 COLI INVESTMENT 13602433 C INVESTMENT IN NCUSIF 9377528 C INVESTMENTS 74314219 C 97294180 DEFERRED CREDITS 7695 IRA REGULAR SHARES 16493569 IRA SHARE CERTIFICATES 16992217 OTHER LIABILITIES 5868517 REGULAR SHARE CERTIFICATES 377181753 SHARE DRAFT ACCOUNTS 673539 SHARES 758922015 1176139305 1 DEL NORTE LOV FOUNDATION 3286 CERRILLOS ROAD SANTA FE NM 87507 824777209 501(C)(3) 65702 332237 FMV ADMIN, INFRASTRUCTURE, ADVERTISING IMPROVING THE QUALITY OF LIFE OF YOUTH AND THEIR FAMILIES IN NORTHERN NEW MEXICO 1 0 PART I, LINE 2: THE CREDIT UNION SOLELY SUPPORTS THE DEL NORTE LOV FOUNDATION (DNLF) AS AN EMPLOYEE-DRIVEN ORGANIZATION. THE CREDIT UNION DOES NOT HAVE CONTROL OVER THE DNLF, BUT THE MAJORITY OF THE VOLUNTEER-LED BOARD MEMBERS ARE CREDIT UNION EMPLOYEES. THE CREDIT UNION CONFIRMS DNLF'S TAX-EXEMPT STATUS YEARLY AND PROVIDES ONGOING SUPPORT THAT INCLUDES ADMIN, INFRASTRUCTURE, AND ADVERTISING. X 1 1 X X X 0 1 0 DAVID WEIDAUER EVP 281641 0 10653 0 1806 0 8942 0 29595 0 332637 0 0 0 JOHN R MOLENDA JR CEO 281885 0 0 0 1806 0 20410 0 23450 0 327551 0 0 0 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 178831 0 4132 0 15899 0 19585 0 29595 0 248042 0 0 0 KERRY STACY CHIEF PERFORMANCE OFFICER 195338 0 3619 0 966 0 19699 0 24715 0 244337 0 0 0 DEBBIE SALAZAR CHIEF EXP. OFFICER 201482 0 5710 0 4166 0 20411 0 11299 0 243068 0 0 0 MARCO PADILLA CHIEF LENDING OFFICER 192539 0 5394 0 420 0 14254 0 30193 0 242800 0 0 0 MARK RIEK CHIEF FINANCE OFFICER 173907 0 3443 0 18381 0 18430 0 20376 0 234537 0 0 0 KIMBERLY CURRIE CHIEF MARKETING OFFICER 175790 0 3423 0 2843 0 18100 0 30087 0 230243 0 0 0 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 184803 0 5579 0 420 0 18644 0 19685 0 229131 0 0 0 KEVIN SOUTHWICK CHIEF BUSINESS OFFICER 158802 0 4098 0 25692 0 18548 0 20376 0 227516 0 0 0 CHARLES CHUCK VALENTI FMR CEO (UNTIL 05/16/2024) 149490 0 38152 0 1334 0 11220 0 9734 0 209930 0 0 0 AMY MCHUGH CHIEF RISK OFFICER 174595 0 2564 0 966 0 17029 0 10632 0 205786 0 0 0 RALPH FLORES AVP MORTGAGE LOAN OFFICER 152122 0 3313 0 8275 0 12464 0 22866 0 199040 0 0 0 DANA JARAMILLO SVP SUPPORT OPS 129073 0 4040 0 17893 0 15027 0 22519 0 188552 0 0 0 LORI SCHUTT SVP OF HR 139389 0 2413 0 4097 0 14480 0 22665 0 183044 0 0 0 RHONDA SANCHEZ VP MEMBER BUSINESS OPERATIONS SERVIC 124183 0 2939 0 12842 0 13974 0 22622 0 176560 0 0 0 MATTHEW CALE VP IT CORE SYSTEMS 141359 0 5093 0 1806 0 6128 0 10127 0 164513 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, DEBBIE SALAZAR, KIMBERLY CURRIE, KEVIN SOUTHWICK, PAMELA ATENCIO, MARCO PADILLA, AMY MCHUGH, DANA JARAMILLO, MATTHEW CALE, RHONDA SANCHEZ, MARK RIEK, LORI SCHUTT, AND RALPH FLORES. ALL EMPLOYEES BELOW WERE ISSUED AN EMPLOYER CONTRIBUTION. DAVID WEIDAUER - $6,774 CHRISTOPHER MCGEE - $4,680 KERRY STACY - $4,778 DEBBIE SALAZAR - $4,789 KIMBERLY CURRIE - $4,402 KEVIN SOUTHWICK - $4,542 PAMELA ATENCIO - $4,445 MARCO PADILLA - $4,221 AMY MCHUGH - $3,844 DANA JARAMILLO - $3,575 RHONDA SANCHEZ - $3,272 MARK RIEK - $3,828 LORI SCHUTT - $3,415 RALPH FLORES - $4,189 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 CEO RESPONSIBLE FOR THE MANAGEMENT OF DEL NORTE CREDIT UNION. SAID CEO SHALL BE KNOWN AS THE PRESIDENT/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 GAIN/LOSS -1,496,460. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS WERE AUDITED FOR THE 9-MONTHS ENDING ON DECEMBER 31, 2024. THE ORGANIZATION HAS A SUPERVISORY COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. DEL NORTE LOV FOUNDATION 3286 CERRILLOS ROAD 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 30828 692835 0 0 0.12280 CUPR1ME INC 3286 CERRILLOS RD SANTA FE NM 87507 850340201 FINANCIAL SERVICES NM DEL NORTE CREDIT UNION C -2691 171897 1.00000 1 0 1 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 DEL NORTE LOV FOUNDATION B 397939 FMV