2017-11-09T12:30:56-06:00 2016-12-31 420714325 RSM US LLP 811 BARTON SPRINGS ROAD SUITE 500 AUSTIN TX 78704 990 2016-01-01 850124035 DEL NORTE CREDIT UNION DELN 5054555445 PO BOX 1180 LOS ALAMOS NM 87544 JOHN MOLENDA EXECUTIVE VP 5054555445 2017-11-08 1 KEVIN FINCHER CPA P00291599 5124760717 108.171.131.171 2017-11-08 15:26:59 CS P 426B4F63A1CAEC523DAC016837062A55262EE986 426B4F63A1CAEC523DAC016837062A55262EE986 2016 2018-03-14 21:41:22Z JOHN MOLENDA 3286 CERRILLOS RD SANTA FE NM 87507 23183036 0 X WWW.DNCU.ORG X 1954 NM DEL NORTE CREDIT UNION (DNCU) OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 9 9 154 14 88951 -44606 0 0 22934134 23173421 -2588 9615 0 0 22931546 23183036 0 0 0 0 8019649 8374456 0 0 0 11584820 10798887 19604469 19173343 3327077 4009693 513383861 546757307 453820148 483176235 59563713 63581072 DEL NORTE CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 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 8375 0 1 154 1 1 1 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 0 1 1 X DEBRA CHAVEZ 5054555445 3286 CERRILLOS ROAD SANTA FE NM 87507 LUIS ALBA BOARD MEMBER/TREASURER 1.00 X X 0 0 0 ART SALGADO BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 DELIA CISNEROS BOARD MEMBER 1.00 X 0 0 0 JULIE FELDMAN BOARD MEMBER 1.00 X 0 0 0 CLYDE LEYBA BOARD MEMBER/CHAIR 1.00 X X 0 0 0 BENITO SALAZAR BOARD MEMBER 1.00 X 0 0 0 LILLIEMAE ORTIZ BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 LEN MONTOYA BOARD MEMBER 1.00 X 0 0 0 MARTIN VARELA BOARD MEMBER 1.00 X 0 0 0 DAVID LEE SUPERVISORY MEMBER 1.00 X 0 0 0 GEORGE BEST SUPERVISORY MEMBER 1.00 X 0 0 0 ROGER STUTZ SUPERVISORY MEMBER/CHAIR 1.00 X X 0 0 0 IVIE VIGIL SUPERVISORY MEMBER/SECRETARY 1.00 X X 0 0 0 DON CLOSE SUPERVISORY MEMBER 1.00 X 0 0 0 CHUCK VALENTI CEO 40.00 X 298476 0 35050 JOHN MOLENDA EVP 40.00 X 229647 0 19428 DEBBIE SALAZAR VP OF SERVICE DELIVERY 40.00 X 116119 0 27145 JOLENE ALLEN VP HR 40.00 X 149000 0 7430 KIM CURRIE VP MARKETING 40.00 X 98417 0 25767 CHRISTOPHER MCGEE VP OF INFORMATION SYS 40.00 X 148863 0 18575 VINCE SETNAR CHIEF LENDING OFFICER 40.00 X 135984 0 19040 RENE ACUNA CHIEF LENDING OFFICER 40.00 X 75864 0 21190 KERRY A STACY CHIEF LENDING OFFICER 40.00 X 100188 0 25853 1352558 0 199478 7 0 1 0 WILGER ENTERPRISES INC 425 EDMON NE ALBUQUERQUE NM 87107 BUILDING CONTRACTOR 2308259 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING COMPANY/DIGITAL D 1352150 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 MOBILE BANKING MAINTENANCE AND SUPPORT 386600 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 STATEMENT PROCESSING 343357 FISERVE DBA USERS INC 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 60523 CORE PROCESSOR MONTHLY MAINTENANCE 233960 12 PROGRAM SERVICE REVENUE 511110 23084470 23084470 UNRELATED BUSINESS INCOME 523930 88951 88951 23173421 9615 0 9615 9615 9615 23183036 23094085 88951 0 1552037 4249875 442956 1498193 631395 26957 88031 589283 423486 1986158 702405 131061 172117 984133 983175 151301 OPERATIONS 1647622 PROVISION FOR LOAN LOSS 1543996 LOAN SERVICING EXPENSE 1369162 19173343 75069056 101295838 8765369 3655056 368270390 362276125 342186 549653 26844313 9512360 15271080 17331953 40173337 55763799 5492443 5884883 513383861 546757307 2753367 3125558 0 42981 451066781 480007696 453820148 483176235 X 0 0 0 0 59563713 63581072 59563713 63581072 513383861 546757307 X 4009693 7666 X X 0 1 X 1 0 4524752 4524752 15600183 4118084 11482099 614132 594457 19675 6105246 4799819 1305427 17331953 OTHER INVESTMENTS 55763799 C 55763799 DEFERRED CREDITS 8685 IRA REGULAR SHARES 14384457 IRA SHARE CERTIFICATES 6704598 OTHER LIABILITIES 4562698 REGULAR SHARE CERTIFICATES 74901569 SHARE DRAFT ACCOUNTS 47464375 SHARES 331981314 480007696 X PART X, LINE 2: THE FINANCIAL STATEMENTS ARE AUDITED EVERY YEAR ENDING MARCH 31ST BY NEARMAN CPA'S. 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. AS OF AND FOR THE TAX YEARS ENDED DECEMBER 31, 2016 AND 2015, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X 0 1 0 CHUCK VALENTI CEO 298476 0 0 0 0 0 19875 0 15175 0 333526 0 0 0 JOHN MOLENDA EVP 229647 0 0 0 0 0 16538 0 2890 0 249075 0 0 0 JOLENE ALLEN VP HR 149000 0 0 0 0 0 0 0 7430 0 156430 0 0 0 CHRISTOPHER MCGEE VP OF INFORMATION SYS 148863 0 0 0 0 0 0 0 18575 0 167438 0 0 0 VINCE SETNAR CHIEF LENDING OFFICER 135984 0 0 0 0 0 8505 0 10535 0 155024 0 0 0 PART I, LINE 4B THE CEO PARTICIPATES IN A 457F PROGRAM, BUT HAS NOT RECEIVED ANY FORM OF PAYMENT. 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 RESPECTIVE 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 AND EVP REVIEW THE RETURNS BEFORE THEY ARE FILED AND THEN SIGNED BY THE EVP. FORM 990, PART VI, SECTION B, LINE 12C A FORM IS FILLED OUT ANNUALLY BY EACH EMPLOYEE AND KEPT IN THE EMPLOYEE FILE. FORM 990, PART VI, SECTION B, LINE 15A 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.ORG WEBSITE FOR THE PUBLIC TO VIEW. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME 7,666. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS ARE AUDITED EVERY YEAR ENDING MARCH 31ST BY NEARMAN CPA'S. CU ANYTIME LLC 3121 CARLISLE BLVD NE ALBUQUERQUE NM 87110 742814060 SHARED ATM NM NONE RELATED 104025 1072091 0 0 CUPR1ME INC 3286 CERRILLOS RD SANTA FE NM 87507 850340201 FINANCIAL SERVICES NM DEL NORTE CREDIT UNION C -5176 192319 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0