2018-11-15T21:54:47-07:00 2017-12-31 990 2017-01-01 856010733 CREDIT UNIONS IN THE STATE OF NEW MEXICO CRED 5059837328 813 St Michaels Drive Santa Fe NM 87505 Mark Sadowski Chief Financial Officer 5059833387 2018-11-15 216.31.112.100 2017 2019-02-21 02:37:17Z Harold K Dixon 813 St Michaels Drive Santa Fe NM 87505 29529448 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 7 177 7 0 0 0 0 24549623 26343191 1032394 1522535 0 0 25582017 27865726 0 0 0 0 10077841 10108263 0 0 0 9971490 11530830 20049331 21639093 5532686 6226633 465705318 515258522 414330169 458014464 51375149 57244058 New Mexico State-Chartered Credit Union providing financial services to its members as provided by the New Mexico Credit Union Act. 0 0 New Mexico State-Chartered Credit Union providing financial services to its 41,242 members as provided by the New Mexico Credit Union Act. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 24315 0 1 177 1 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 1 0 X X The Organization 5059837328 813 St Michaels Drive Santa Fe NM 87505 Jerry Rael Chair 1 0 X 0 0 0 Joanne Vigil Coppler Vice Chair 1 1 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 1 0 X 0 0 0 Harold K Dixon President/CEO 40 0 X 351030 0 23393 Dwayne Herrera Executive Vice President 40 0 X 328112 0 54635 Mark Sadowski Chief Financial Officer 40 0 X 133618 0 55076 Richard Schaefer VP of Information Systems 40 0 X 153013 0 9560 Emilio Atencio VP of Lending 40 0 X 128205 0 29869 Deborah Sparks VP of Human Resources 40 0 X 191318 0 35262 1285296 0 207795 6 0 1 0 Continental Restaurant Installation 280 Del Norte Ct Bosque Farms NM 87068 Construction and remodeling 1964433 Fiserv Inc 75 Remittance Dr Chicago IL 60675 Banking products and services 548919 Kasasa LTD PO Box 527 Lubbock TX 79408 Banking products and services 365786 Presbyterian Health Plan PO Box 911594 Denver CO 80291 Health care insurance 350823 Cognito LTD Inc 1000 Cordova Pl Santa Fe NM 87505 Marketing services 118415 10 0 Interest on loans receivable 522100 16960983 16960983 0 0 Fees and service charges 522100 5813719 5813719 0 0 Non interest income 522100 3568489 3568489 0 0 0 0 0 0 26343191 1521016 1521016 0 0 0 0 0 0 0 0 0 0 0 0 1665241 0 1663722 0 1519 0 1519 1519 0 0 0 27865726 27865726 0 0 X 0 0 0 0 1493091 0 5964509 1025047 1066587 559029 0 17016 59040 0 0 0 2853266 556016 1232029 0 0 639510 107508 0 0 694630 0 689866 107163 Dividends to members 2651714 Provision for loan loss 1250000 Other 673072 21639093 0 0 0 6152720 6374618 18083865 24143263 874614 1034983 0 0 0 0 369666764 414032046 0 0 23646408 6383702 15451075 17262706 0 0 4028074 4164428 32326652 28236524 0 0 19121554 20009954 465705318 515258522 6507326 4948902 407822843 453065562 414330169 458014464 X 0 0 0 0 51375149 57244058 51375149 57244058 465705318 515258522 X 6226633 75892 0 0 0 -433616 X 0 1 X 1 0 0 6290803 6290803 0 13422156 3232110 10190046 0 0 0 0 0 3933449 3151592 781857 0 0 0 0 17262706 Federal Agency Securitites 3606981 F Federal Agency Mortgage Backed Securities 21406479 F Certificates of Deposit 3223059 F Corporate Credit Union Shares 5 C 28236524 0 Shares and Deposits 453065562 453065562 27865726 0 0 0 0 0 27865726 0 0 0 27865726 21639093 0 0 0 0 0 21639093 0 0 0 21639093 0 0 0 Dwayne Herrera Executive Vice President 319472 0 8640 0 0 0 39657 0 14978 0 382747 0 150000 Harold K Dixon President/CEO 331730 0 15400 0 3900 0 9450 0 13943 0 374423 0 0 Deborah Sparks VP of Human Resources 183186 0 8132 0 0 0 23641 0 12400 0 227359 0 75000 0 Mark Sadowski Chief Financial Officer 124096 0 9523 0 0 0 43456 0 12175 0 189250 0 0 0 Richard Schaefer VP of Information Systems 144023 0 8989 0 0 0 5058 0 6292 0 164362 0 0 0 Ted Gonzales Former Chair, Supervisory Committee 38944 Advertising 0 Kenneth Kirk Treasurer 12900 Storage Rental 0 Harold Dixon President/CEO 12000 Joint Investment 0 Schedule L, Part IV Schedule L, Part IV - (A) Name of Person: Ted Gonzales; (B) Relationship between interested person and organization: Former Chair, 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: 2,853,266 Form 990, Part XI, Line 9 Net change in defined benefit obligation: -432,097; Reclassification adjustment for net gain in income: -1,519; total to form 990, Part XI, Line 9: -433,616.