Nonprofit · EIN 85-0102571
CREDIT UNIONS IN THE STATE OF NEW MEXICO
Also known as FIRST FINANCIAL CREDIT UNION
Tax-exempt · ALBUQUERQUE, NM 87107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $68,194,766 | $65,598,291 | $2,596,475 | $916,557,398 | $845,455,521 | $71,101,877 |
| December 31, 2023 | 990 | $61,292,333 | $55,963,625 | $5,328,708 | $877,714,950 | $809,834,889 | $67,880,061 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $62,323,579
- Investment income
- $5,871,187
- Net gain from sales of assets
- -$27,208
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,991,766
- Other salaries and wages
- $23,735,833
- Salaries, compensation and benefits (total)
- $27,155,831
- Professional fundraising fees
- $0
- Legal fees
- $107,389
- Accounting fees
- $101,187
- Occupancy
- $2,583,266
Balance sheet and other
- Total assets, start of year
- $877,714,950
- Total assets, end of year
- $916,557,398
- Total liabilities, end of year
- $845,455,521
- Net assets, end of year
- $71,101,877
- Land, buildings and equipment
- $30,323,094
- Publicly traded securities
- $58,399,045
- Gross unrelated business income
- $841,707
- Gross receipts
- $68,221,974
- Employees
- 283
- Volunteers
- 12
- Year formed
- 1937
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD MOOREHEAD | PRESIDENT/CE Officer | 45 | $1,324,215 | $22,237 |
| KAREN ORTIZ | EVP/COO Officer | 45 | $632,516 | $12,797 |
| STEVE COFFEY | CIO Highest-paid employee | 45 | $355,175 | $12,116 |
| CHRIS SAMBORSKI | CLO Highest-paid employee | 45 | $313,223 | $15,651 |
| YVONNE ALANIZ-CARPE | CFO Highest-paid employee | 45 | $258,431 | $12,947 |
| DENNIS HOUSTON | CSO Highest-paid employee | 45 | $248,566 | $12,318 |
| STORMY BARRETT | VP BRANCH OF Highest-paid employee | 45 | $196,357 | $9,821 |
| VINCENT ESPARAZA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CYNTHIA FROST | 1ST VICE CHA Trustee or director, Officer | 5 | $0 | $0 |
| RICK GOSHORN | SECRETARY/TR Trustee or director | 5 | $0 | $0 |
| CASSIE KELLEY | EX-OFFICER Trustee or director, Officer | 5 | $0 | $0 |
| STEWART LOGAN | 2ND VICE CHA Trustee or director | 5 | $0 | $0 |
| BOYD MILLER | EMERITUS DIR Trustee or director | 5 | $0 | $0 |
| LORETTA MONTOYA | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| IVA NELSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANESSA RAGSDALE | DIRECTOR Trustee or director | 5 | $0 |
| MELISSA WAUNEKA | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD MOOREHEAD | PRESIDENT/CE Officer | 45 | $983,234 | $95,362 |
| KAREN ORTIZ | EVP/COO Officer | 45 | $360,268 | $77,616 |
| STEVE COFFEY | CIO Highest-paid employee | 45 | $306,642 | $95,704 |
| CHRIS SAMBORSKI | CLO Highest-paid employee | 45 | $283,708 | $77,616 |
| YVONE ALANIZ-CARPE | CFO Highest-paid employee | 45 | $275,057 | $44,460 |
| DENNIS HOUSTON | CSO Highest-paid employee | 45 | $220,750 | $33,846 |
| STORMY JOHNSON | VP BRANCH OF Highest-paid employee | 45 | $180,651 | $50,582 |
| AVA BOSWELL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| IVA CURELY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| VINCENT ESPARAZA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CYNTHIA FROST | 2ND VICE CH Trustee or director, Officer | 5 | $0 | $0 |
| RICK GOSHORN | FMR. DIRECTO Trustee or director | 5 | $0 | $0 |
| CASSIE KELLEY | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| STEWART LOGAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BOYD MILLER | EMERITUS DIR Trustee or director | 5 | $0 | $0 |
| LORETTA MONTOYA | 1ST VICE CHA Trustee or director | 5 | $0 | $0 |
| CATHY THOMAS | EMERITUS DIR Trustee or director | 5 | $0 | $0 |
| MELISSA WAUNEKA | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4910 UNION WAY NE, ALBUQUERQUE, NM 87107-7014
- Principal officer (990 for 2024)
- YVONNE ALANIZ-CARPE
- Signed the 990
- YVONNE ALANIZ-CARPE, CFO
- Phone
- (505) 462-1115
- Website
- WWW.FFNM.COM
- Return prepared by
- SCHWARTZ COLE AND ASSOCIATES LLC
Mission
FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGEOUS RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES.
Program accomplishments
- INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS.
- FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES.
- EARNINGS FROM THE INVESTMENTS. THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANDED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUS, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNION'S GOVERNING DOCUMENTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0102571
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2397: CREDIT UNIONS IN THE STATE OF NEW MEXICO
- Assets (IRS master file)
- $916,557,398
- Income (IRS master file)
- $68,221,974
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $68,194,766 | $65,598,291 | $916,557,398 | IRS |
| 990 | December 2023 | $61,292,333 | $55,963,625 | $877,714,950 | XML |
| 990 | December 2022 | $50,914,383 | $43,279,543 | $861,940,972 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0102571).
Questions about CREDIT UNIONS IN THE STATE OF NEW MEXICO
- What is the EIN of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF NEW MEXICO is 85-0102571.
- Is CREDIT UNIONS IN THE STATE OF NEW MEXICO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1973.
- Are donations to CREDIT UNIONS IN THE STATE OF NEW MEXICO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF NEW MEXICO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF NEW MEXICO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF NEW MEXICO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 names YVONNE ALANIZ-CARPE.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 lists 17 people; 7 received compensation from the organization, the highest $1,324,215 (RONALD MOOREHEAD, PRESIDENT/CE).
- How much revenue does CREDIT UNIONS IN THE STATE OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $68,194,766, expenses of $65,598,291 and total assets of $916,557,398 at year end.
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