Nonprofit · EIN 85-0116621
CREDIT UNIONS IN THE STATE OF NEW MEXICO
Also known as RIO GRANDE CREDIT UNION
Tax-exempt · ALBUQUERQUE, NM 87105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $51,749,313 | $46,173,609 | $5,575,704 | $653,476,686 | $602,840,712 | $50,635,974 |
| December 31, 2024 | 990 | $49,308,942 | $58,904,437 | -$9,595,495 | $679,457,247 | $638,548,205 | $40,909,042 |
| December 31, 2023 | 990 | $39,583,621 | $42,140,393 | -$2,556,772 | $611,932,366 | $562,175,171 | $49,757,195 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,897,800
- Investment income
- $7,567,942
- Net gain from sales of assets
- -$13,981
- Other revenue
- $3,283,571
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,141,650
- Other salaries and wages
- $9,171,934
- Salaries, compensation and benefits (total)
- $11,646,931
- Professional fundraising fees
- $0
- Legal fees
- $29,591
- Accounting fees
- $55,290
- Occupancy
- $969,341
- Depreciation
- $1,321,669
Balance sheet and other
- Total assets, start of year
- $679,457,247
- Total assets, end of year
- $653,476,686
- Total liabilities, end of year
- $602,840,712
- Net assets, end of year
- $50,635,974
- Land, buildings and equipment
- $16,239,756
- Publicly traded securities
- $235,844,857
- Gross receipts
- $51,773,294
- Employees
- 160
- Volunteers
- 7
- Year formed
- 1953
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY DEES | PRESIDENT / CEO Officer | 40 | $275,036 |
| JACOB ARMIJO | CHIEF LENDING OFFICER Officer | 40 | $206,840 |
| LEON DAVIS | CHIEF FINANCIAL OFFICER Officer | 40 | $204,061 |
| MEL LEE | CHIEF INFORMATION OFFICER Officer | 40 | $180,170 |
| APRIL BRADSHAW | CHIEF OPERATIONS OFFICER Officer | 40 | $155,929 |
| LUKE TANNER | VP OF MARKETING AND COMPLI Highest-paid employee | 40 | $129,652 |
| NEIL REAGIN | CHIEF HUMAN RESOURCES OFFICER Officer | 40 | $119,616 |
| IRENE SERENA | DIRECTOR Trustee or director | 4 | $0 |
| LISA SEDILLO-WHITE | DIRECTOR Trustee or director | 4 | $0 |
| MARK SANCHEZ | BOARD CHAIR Trustee or director, Officer | 4 | $0 |
| DIANNE BROWN | DIRECTOR Trustee or director | 4 | $0 |
| PATTY FRENCH | SECRETARY TREASURER Trustee or director, Officer | 4 | $0 |
| RYAN PENA | DIRECTOR Trustee or director | 4 | $0 |
| BATTY VALDEZ | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEL LEE | CHIEF INFORMATION OFFICER Officer | 40 | $168,147 |
| APRIL BRADSHAW | CHIEF OPERATIONS OFFICER Officer | 40 | $137,989 |
| LUKE TANNER | VP OF MARKETING AND COMPLIANCE Officer | 40 | $107,910 |
| TONY DEES | PRESIDENT / CEO Officer | 40 | $79,327 |
| JACOB ARMIJO | CHIEF LENDING OFFICER Officer | 40 | $23,152 |
| DANIEL MAYFIELD | DIRECTOR Trustee or director | 4 | $0 |
| IRENE SERENA | DIRECTOR Trustee or director | 4 | $0 |
| LISA SEDILLO-WHITE | BOARD VICE CHAIR Trustee or director, Officer | 4 | $0 |
| CYNTHIA BORREGO | SECRETARY TREASURER Trustee or director, Officer | 4 | $0 |
| MARK SANCHEZ | DIRECTOR Trustee or director | 4 | $0 |
| DIANNE BROWN | BOARD CHAIR Trustee or director, Officer | 4 | $0 |
| SUSAN BIERNACKI | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE ATHENS | PRESIDENT /CEO Officer | 40 | $385,697 |
| LILY CURRIN | VP OF HUMAN RESOURCES Officer | 40 | $161,530 |
| ERIN GOMEZ | VP OF SPECIALITY SERVICES Officer | 40 | $146,283 |
| TIA SABAWI | VP OF CONSUMER LENDING Officer | 40 | $143,653 |
| JEFF CAIN | VP OF MARKETING Officer | 40 | $141,377 |
| APRIL BRADSHAW | VP OF MEMBER OPERATIONS Officer | 40 | $136,722 |
| ROY STANGE | CHIEF FINANCIAL OFFICER Officer | 40 | $102,570 |
| LUCY SEDILLO | VICE CHAIR Trustee or director, Officer | 4 | $0 |
| IRENE SERENA | DIRECTOR Trustee or director | 4 | $0 |
| DAN MAYFIELD | DIRECTOR Trustee or director | 4 | $0 |
| MARK SANCHEZ | DIRECTOR Trustee or director | 4 | $0 |
| DIANNE BROWN | CHAIR Trustee or director, Officer | 4 | $0 |
| CYNTHIA BORREGO | SECRETARY TREASURER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 301 RIO BRAVO BLVD SE, ALBUQUERQUE, NM 87105-7402
- Principal officer (990 for 2025)
- TONY DEES, 301 RIO BRAVO BLVD SE, ALBUQUERQUE, NM 87105
- Signed the 990
- TONY DEES, PRESIDENT
- Phone
- (505) 262-1401
- Website
- WWW.RIOGRANDECU.ORG
- Return prepared by
- GBQ PARTNERS LLC
Mission
THE MISSION OF RIO GRANDE CREDIT UNION IS TO CREATE A TRUSTED PARTNERSHIP WITH OUR MEMBERS THAT DEMONSTRATES EXCELLENT MEMBER SERVICE BY PROVIDING FINANCIAL EDUCATION SOLUTIONS,COMPETITIVE PRICING AND CONVENIENCE.
Program accomplishments
- EARNINGS FROM THE INVESTMENTS OF THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUS, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNIONS GOVERNING DOCUMENTS.revenue $7,581,923
- FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES.revenue $10,543,742
- INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS.revenue $30,354,058
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 | 990 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
- 85-0116621
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- 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)
- $653,476,686
- Income (IRS master file)
- $51,773,294
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $51,749,313 | $46,173,609 | $653,476,686 | XML |
| 990 | December 2024 | $49,308,942 | $58,904,437 | $679,457,247 | XML |
| 990 | December 2023 | $39,583,621 | $42,140,393 | $611,932,366 | XML |
| 990 | December 2022 | $35,859,928 | $31,238,218 | $601,485,351 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 85-0116621).
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 85-0116621.
- 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 1969.
- 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 2026 (the year ending December 31, 2026) is due May 17, 2027. 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 2025.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2025 names TONY DEES.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2025 lists 14 people; 7 received compensation from the organization, the highest $275,036 (TONY DEES, PRESIDENT / CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $51,749,313, expenses of $46,173,609 and total assets of $653,476,686 at year end.
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