Nonprofit · EIN 85-0124035
DEL NORTE CREDIT UNION
Tax-exempt · SANTA FE, NM 87507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $73,854,217 | $61,911,008 | $11,943,209 | $1,302,207,887 | $1,180,992,233 | $121,215,654 |
| December 31, 2023 | 990 | $55,559,728 | $47,477,828 | $8,081,900 | $1,077,444,027 | $968,171,581 | $109,272,446 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $73,854,217
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $397,939
- Compensation of officers, directors and key employees
- $2,975,577
- Other salaries and wages
- $13,704,771
- Salaries, compensation and benefits (total)
- $21,203,533
- Professional fundraising fees
- $0
- Legal fees
- $10,151
- Accounting fees
- $127,200
- Occupancy
- $1,012,699
- Travel
- $134,527
- Depreciation
- $1,414,354
Balance sheet and other
- Total assets, start of year
- $1,077,444,027
- Total assets, end of year
- $1,302,207,887
- Total liabilities, end of year
- $1,180,992,233
- Net assets, end of year
- $121,215,654
- Land, buildings and equipment
- $28,559,994
- Gross unrelated business income
- $259,341
- Gross receipts
- $73,854,217
- Employees
- 287
- Volunteers
- 15
- Year formed
- 1954
- 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 |
|---|---|---|---|---|
| DAVID WEIDAUER | EVP Officer | 40 | $294,100 | $38,537 |
| JOHN R MOLENDA JR | CEO Officer | 40 | $283,691 | $43,860 |
| CHRISTOPHER MCGEE | CHIEF INFORMATION OFFICER Officer | 40 | $198,862 | $49,180 |
| KERRY STACY | CHIEF PERFORMANCE OFFICER Officer | 40 | $199,923 | $44,414 |
| DEBBIE SALAZAR | CHIEF EXP. OFFICER Officer | 40 | $211,358 | $31,710 |
| MARCO PADILLA | CHIEF LENDING OFFICER Officer | 40 | $198,353 | $44,447 |
| MARK RIEK | CHIEF FINANCE OFFICER Officer | 40 | $195,731 | $38,806 |
| KIMBERLY CURRIE | CHIEF MARKETING OFFICER Officer | 40 | $182,056 | $48,187 |
| PAMELA ATENCIO | CHIEF OPERATIONS OFFICER Officer | 40 | $190,802 | $38,329 |
| KEVIN SOUTHWICK | CHIEF BUSINESS OFFICER Officer | 40 | $188,592 | $38,924 |
| CHARLES CHUCK VALENTI | FMR CEO (UNTIL 05/16/2024) Officer | 32 | $188,976 | $20,954 |
| AMY MCHUGH | CHIEF RISK OFFICER Officer | 40 | $178,125 | $27,660 |
| RALPH FLORES | AVP MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $163,710 | $35,330 |
| DANA JARAMILLO | SVP SUPPORT OPS Highest-paid employee | 40 | $151,006 | $37,546 |
| LORI SCHUTT | SVP OF HR Highest-paid employee | 40 | $145,899 | $37,145 |
12 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RHONDA SANCHEZ | VP MEMBER BUSINESS OPERATIONS SERVICES Highest-paid employee | 40 | $139,964 | $36,596 |
| MATTHEW CALE | VP IT CORE SYSTEMS Highest-paid employee | 40 | $148,258 | $16,254 |
| CLYDE A LEYBA | BOARD MEMBER/CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BENITO SALAZAR | BOARD MEMBER/VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEN MONTOYA | BOARD MEMBER/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LEVI LOPEZ | BOARD MEMBER/TREASURER (UNTIL 5/2024) Trustee or director, Officer | 1 | $0 | $0 |
| DENNIS LETTERS | BOARD MEMBER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ART SALGADO | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID LEE | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE FELDMAN | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUIS ALBA | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN SANTISTEVAN | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES CHUCK VALENTI | CEO Officer | 32 | $357,473 | $47,427 |
| DAVID WEIDAUER | EVP Officer | 40 | $279,389 | $43,603 |
| KERRY STACY | CHIEF PERFORMANCE OFFICER Officer | 40 | $195,850 | $49,961 |
| CHRISTOPHER MCGEE | CHIEF INFORMATION OFFICER Officer | 40 | $189,657 | $52,307 |
| DEBBIE SALAZAR | CHIEF EXP. OFFICER Officer | 40 | $199,361 | $32,404 |
| KIMBERLY CURRIE | CHIEF MARKETING OFFICER Officer | 40 | $179,874 | $49,038 |
| KEVIN SOUTHWICK | CHIEF LENDING OFFICER Officer | 40 | $187,703 | $39,989 |
| PAMELA ATENCIO | CHIEF OPERATIONS OFFICER Officer | 40 | $183,449 | $38,899 |
| MARCO PADILLA | SR VP LENDING Officer | 40 | $170,267 | $45,890 |
| RALPH FLORES | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $165,807 | $32,337 |
| MARK RIEK | CHIEF FINANCE OFFICER Officer | 40 | $156,646 | $35,417 |
| AMY MCHUGH | SVP GOVERNANCE, RISK & REGULATORY AFFAIRS Officer | 40 | $159,511 | $27,150 |
| DANA JARAMILLO | SVP SUPPORT OPS Highest-paid employee | 40 | $144,944 | $37,825 |
| DEBRA CHAVEZ | VP OF ACCOUNTING Highest-paid employee | 40 | $142,800 | $35,059 |
| MATTHEW CALE | VP IT CORE SYSTEMS Highest-paid employee | 40 | $142,269 | $35,005 |
| LORI SCHUTT | SVP OF HR Highest-paid employee | 40 | $136,650 | $35,115 |
| JOLENE ALLEN | CHIEF CULTURE OFFICER Officer | 40 | $93,595 | $14,238 |
| JOHN R MOLENDA JR | CEO ELECT Officer | 40 | $83,715 | $10,632 |
| TIMOTHY VILTER | CHIEF FINANCE OFFICER (UNTIL 2/14/23) Officer | 40 | $40,937 | $4,900 |
| CLYDE LEYBA | BOARD MEMBER/CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ART SALGADO | BOARD MEMBER/VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEVI LOPEZ | BOARD MEMBER/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LEN MONTOYA | BOARD MEMBER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JULIE FELDMAN | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| BENITO SALAZAR | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUIS ALBA | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTIN VARELA | BOARD MEMBER/DIRECTOR (UNTIL 5/11/23) Trustee or director | 1 | $0 | $0 |
| STEVEN SANTISTEVAN | BOARD MEMBER/DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3286 CERRILLOS RD, SANTA FE, NM 87507-2925
- Principal officer (990 for 2024)
- JOHN R MOLENDA JR, PO BOX 1180, LOS ALAMOS, NM 87544
- Signed the 990
- JOHN R MOLENDA JR, CEO
- Phone
- (505) 455-5415
- Website
- WWW.DNCU.COM
- Return prepared by
- RSM US LLP
Mission
DEL NORTE CREDIT UNION (DNCU) IS ORGANIZED AS A COOPERATIVE ASSOCIATION WITH THE MISSION OF IMPROVING LIVES BY PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS.
Program accomplishments
- THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES, AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.
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
- 85-0124035
- 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)
- $1,302,207,887
- Income (IRS master file)
- $73,854,217
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $73,854,217 | $61,911,008 | $1,302,207,887 | XML |
| 990 | December 2023 | $55,559,728 | $47,477,828 | $1,077,444,027 | XML |
| 990 | December 2022 | $45,843,178 | $34,969,340 | $1,030,042,670 | 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 85-0124035).
Questions about DEL NORTE CREDIT UNION
- What is the EIN of DEL NORTE CREDIT UNION?
- The employer identification number (EIN) of DEL NORTE CREDIT UNION is 85-0124035.
- Is DEL NORTE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1973.
- Are donations to DEL NORTE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DEL NORTE CREDIT UNION 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 DEL NORTE CREDIT UNION 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 DEL NORTE CREDIT UNION 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 DEL NORTE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names JOHN R MOLENDA JR.
- Who are the officers and directors of DEL NORTE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 27 people; 17 received compensation from the organization, the highest $294,100 (DAVID WEIDAUER, EVP).
- How much revenue does DEL NORTE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $73,854,217, expenses of $61,911,008 and total assets of $1,302,207,887 at year end.
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