2015-11-12T05:54:58-06:00 2014-12-31 850234701 BARRACLOUGH & ASSOCIATES PC PO BOX 1847 SANTA FE NM 87504 990 2014-01-01 856010733 STATE EMPLOYEES CREDIT UNION OF NM STAT 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 HAROLD K DIXON PRESIDENT 5059543403 2015-11-11 1 JOHN E BARRACLOUGH JR CPA P00287935 5059833387 2014 2016-04-25 22:37:26Z HAROLD K DIXON 813 ST MICHAELS DRIVE SANTA FE NM 87505 27184646 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 7 169 0 0 0 0 0 20232823 21819825 1151044 877058 0 0 21383867 22696883 0 0 0 0 8601153 8725199 0 0 0 8576902 8846442 17178055 17571641 4205812 5125242 363462817 393149078 326796723 350895776 36666094 42253302 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 38,866 MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT. 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 1 0 0 0 0 0 0 0 0 0 1 21990 0 1 169 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 THE ORGANIZATION 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 ANDREW CHAVEZ CHAIR (JAN TO AUG) 1.00 X X 0 0 0 JERRY RAEL CHAIR (AUG TO DEC) 1.00 X X 0 0 0 ROSEMARY WICKARD VICE CHAIR 1.00 X X 0 0 0 LORRIE LUJAN SECRETARY 1.00 X X 0 0 0 JOANNE VIGIL COPPLER TREASURER 1.00 X X 0 0 0 MICHAEL DURAN DIRECTOR 1.00 X 0 0 0 PHILLIP TORRES DIRECTOR 1.00 X 0 0 0 PAMELA GONZALES DIRECTOR 1.00 X 0 0 0 HAROLD K DIXON PRESIDENT/CEO 40.00 X 259198 0 30079 DWAYNE HERRERA EVP 40.00 X 147229 0 72288 EMILIO ATENCIO VP OF LENDING 40.00 X 120699 0 3288 DEBORAH SPARKS HR DIRECTOR 40.00 X 82944 0 45930 RICHARD SCHAEFER VP OF INFORMATION SYSTEMS 40.00 X 128150 0 11325 MARK SADOWSKI CFO 40.00 X 111443 0 12846 DEBRA A FERRELL CONTROLLER (JAN TO APR) 40.00 X 170526 0 0 1020189 0 175756 6 0 1 0 ALLIED SOLUTIONS 1320 CITY CENTER DRIVE CARMEL IN 46032 CPI INSURANCE 1861730 PRESBYTERIAN HEALTH PLAN 2501 BUENA VISTA SE ALBUQUERQUE NM 87106 HEALTH CARE INSURANCE 1016453 BANCVUE 4516 SETON CENTER PARKWAY 300 AUSTIN TX 78759 REWARDS & TUNES CHECKING PRODUCTS 462775 DATAPRINT SERVICES LLC 5201 VENICE AVE NE SUITE E ALBUQUERQUE NM 87113 CUSTOMER COMMUNICATIONS 200433 FISERV 975 WILLIAM D TATE AVE GRAPEVINE TX 76051 DATA PROCESSING SUPPORT 169620 8 INTEREST ON LOANS RECEIVABLE 522100 14145383 14145383 FEES AND SERVICE CHARGES 522100 4854473 4854473 NON-INTEREST INCOME 522100 2819969 2819969 21819825 848352 848352 4516469 4487763 28706 28706 28706 22696883 22696883 0 0 X 1195946 5183679 790134 1071976 483464 86269 33000 2373099 624646 584538 819720 87732 76827 660098 105412 DIVIDENDS PAID TO MEMBE 1817326 PROVISION FOR LOAN LOSS 1050000 OTHER 527775 17571641 5165677 4625974 1011112 2436555 872494 786297 277683983 311296073 19787843 4650026 14753819 15137817 3678377 3292106 49206700 40386415 11090655 15187841 363462817 393149078 5264079 4539079 321532644 346356697 326796723 350895776 X 0 0 0 0 36666094 42253302 36666094 42253302 363462817 393149078 X 5125242 1165480 -703514 X 0 1 X 1 0 5371143 5371143 10881767 2057047 8824720 190671 190671 0 3344262 2402308 941954 15137817 FEDERAL AGENCY SECURITIES 12587270 F FEDERAL AGENCY MORTGAGE BACKED SECURITIES 26056905 F CERTIFICATES OF DEPOSIT 1742240 F 40386415 SHARES AND DEPOSITS 334055697 BORROWED FUNDS 12301000 346356697 22696883 0 22696883 0 22696883 17571641 0 17571641 0 17571641 X X 0 1 0 HAROLD K DIXON PRESIDENT/CEO 244624 0 10674 0 3900 0 8655 0 21424 0 289277 0 0 0 DWAYNE HERRERA EVP 139711 0 7518 0 0 0 56591 0 15697 0 219517 0 0 0 DEBRA A FERRELL CONTROLLER (JAN TO APR) 23642 0 0 0 146884 0 0 0 0 0 170526 0 105322 0 JIM DIXON BROTHER OF PRESIDENT/CEO 29021 CONSTRUCTION 0 TED GONZALES FORMER CHAIR, SUPERVISORY COMMITTEE 38483 ADVERTISING 0 KEN KIRK MEMBER, SUPERVISORY COMMITTEE 14683 STORAGE RENTAL 0 HAROLD DIXON PRESIDENT/CEO 3600000 JOINT INVESTMENT IN A CASH VALUE LIFE INSURANCE POLICY TO PROVIDE REASONABLE RETIREMENT INCOME FOR THE INTERESTED PERSON & RETURN INVESTMENT & INTEREST TO THE ORGANIZATION. 0 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 OWNED AND GOVERNED BY ITS MEMBERS, WHO VOTE ON ISSUES SUCH AS MERGERS AND CHARTER CONVERSIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT 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 ACKNOWLEGMENT 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 IS CONDUCTED BY THE BOARD OF DIRECTORS. IT ALSO SETS THE SALARY AND BENEFITS OF THE PRESIDENT BASED ON PERFORMANCE AND REVIEWS SALARY COMPARABLE TO OTHER CREDIT UNIONS. 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, SKILL 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 NEWSLETTERS, AND ACCESSING INFORMATION ON THEIR CREDIT UNION'S WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 2,373,099. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BENEFIT OBLIGATIONS -674,808. RECLASSIFICATION ADJUSTMENT FOR NET GAIN IN NET INCOME -28,706.