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Nonprofit · EIN 85-6010733

CREDIT UNIONS IN THE STATE OF NEW MEXICO

Also known as STATE EMPLOYEES CU

Tax-exempt · SANTA FE, NM 87505

Financials

$48.3M$33.1M2022$58.4M$48M2023$70.8M$64.2M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS IN THE STATE OF NEW MEXICO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$70,788,124$64,189,273$6,598,851$1,255,970,945$1,145,027,070$110,943,875
December 31, 2023990$58,384,621$47,951,608$10,433,013$1,149,326,046$1,049,871,664$99,454,382
December 31, 2022990 (amended)$48,283,901$33,149,896$15,134,005$1,068,857,027$981,525,122$87,331,905
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$62,031,156
Investment income
$8,663,880
Net rental income
$93,088
Net gain from sales of assets
$7,612
Other revenue
$93,088

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$20,566,888
Compensation of officers, directors and key employees
$2,404,092
Other salaries and wages
$11,827,934
Salaries, compensation and benefits (total)
$17,587,438
Professional fundraising fees
$0
Legal fees
$352,976
Accounting fees
$60,883
Occupancy
$918,505
Travel
$205,950
Depreciation
$1,311,816

Balance sheet and other

Total assets, start of year
$1,149,326,046
Total assets, end of year
$1,255,970,945
Total liabilities, end of year
$1,145,027,070
Net assets, end of year
$110,943,875
Land, buildings and equipment
$30,301,590
Gross receipts
$70,788,124
Employees
261
Volunteers
10
Year formed
1958
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.

NameTitleHours / weekCompensationOther / benefits
ANDY RAMOSPRESIDENT/CEO
Officer
40$689,967$21,347
EMILIO ATENCIOCHIEF LENDING OFFICER
Key employee
40$229,137$225,568
LINDSAY JONESEVP CHIEF OPERATIONS OFFICER
Officer
40$328,222$29,735
EDWARD CHRISTIANSEVP CHIEF INFORMATION OFFICER
Officer
40$316,737$32,362
WILLIAM THORNCHIEF PEOPLE OFFICER
Key employee
40$253,269$39,644
MARIA SUAZOSVP RETAIL ENGAGEMENT
Highest-paid employee
40$169,650$81,093
RYAN KLINKRODTVP COMMERCIAL LENDING
Highest-paid employee
40$164,770$81,115
ETHAN HENDRICKSONCHIEF FINANCIAL OFFICER
Officer
40$222,640$15,464
DARLENE VIGILAVP REAL ESTATE (THRU 02/25)
Highest-paid employee
40$213,483$16,089
KYLE MOORESVP MARKETING & COMMUNITY
Highest-paid employee
40$147,234$79,336
BEATRICE MEDINASVP ENTERPRISE RISK (THRU 06/25)
Highest-paid employee
40$148,548$6,190
JERRY RAELCHAIR
Trustee or director, Officer
1$0$0
JOANNE VIGIL-COPPLERVICE CHAIR
Trustee or director, Officer
1$0$0
KENNETH KIRKTREASURER
Trustee or director, Officer
1$0$0
PAMELA GONZALESSECRETARY
Trustee or director, Officer
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
MICHAEL DURANDIRECTOR
Trustee or director
1$0
VIRGINIA HENDLEYDIRECTOR
Trustee or director
1$0
ROSEMARY WICKARDDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
ANDY RAMOSPRESIDENT/CEO
Officer
40$575,842$17,782
LINDSAY JONESEVP CHIEF OPERATIONS OFFICER
Officer
40$293,922$28,907
EDWARD CHRISTIANSEVP CHIEF INFORMATION OFFICER
Officer
40$275,920$31,078
WILLIAM THORNCHIEF PEOPLE OFFICER
Key employee
40$225,748$37,209
RYAN KLINKRODTVP COMMERICAL LENDING
Highest-paid employee
40$205,999$41,471
EMILIO ATENCIOCHIEF LENDING OFFICER
Key employee
40$202,713$36,878
MARIA SUAZOSVP RETAIL ENGAGEMENT
Highest-paid employee
40$148,795$46,865
KYLE MOORESVP MARKETING & COMMUNITY
Highest-paid employee
40$138,186$45,482
GABRIEL FERNANDEZVP COMMERICAL LENDING
Highest-paid employee
40$131,896$31,504
DARLENE VIGILAVP/REAL ESTATE LOAN MANAGER
Highest-paid employee
40$127,993$31,008
SCHWAN HARDIEVP CHIEF FINANCIAL OFF (THRU 06/23)
Officer
40$110,806$0
ETHAN HENDRICKSONCHIEF FINANCIAL OFFICER
Officer
40$31,382$2,091
JERRY RAELCHAIR
Trustee or director, Officer
1$0$0
JOANNE VIGIL-COPPLERVICE CHAIR
Trustee or director, Officer
1$0$0
KENNETH KIRKTREASURER
Trustee or director, Officer
1$0$0
PAMELA GONZALESSECRETARY
Trustee or director, Officer
1$0$0
MICHAEL DURANDIRECTOR
Trustee or director
1$0$0
VIRGINIA HENDLEYDIRECTOR
Trustee or director
1$0$0
ROSEMARY WICKARDDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2022: 21 people
NameTitleHours / weekCompensationOther / benefits
ANDY RAMOSPRESIDENT/CEO
Officer
40$544,438$17,374
HAROLD DIXONDIRECTOR OF PROJECT MANAGEMENT
Highest-paid employee
40$446,268$28,571
EDWARD CHRISTIANSEVP CHIEF INFORMATION OFFICER
Officer
40$253,776$24,241
LINDSAY JONESEVP CHIEF OPERATIONS OFFICER
Officer
40$241,826$30,479
DEBORAH SPARKSCHIEF H.R. OFFICER (THRU 04/22)
Key employee
40$250,673$10,676
EMILIO ATENCIOCHIEF LENDING OFFICER
Key employee
40$187,558$33,562
WILLIAM THORNCHIEF PEOPLE OFFICER
Key employee
40$191,936$26,252
RYAN KLINKRODTVP OF COMMERICALLENDING
Highest-paid employee
40$143,545$36,043
KYLE MOORESVP MARKETING & COMMUNITY
Highest-paid employee
40$132,904$38,655
MARIA SUAZOSVP RETAIL ENGAGEMENT
Highest-paid employee
40$128,386$39,446
DARLENE VIGILAVP/REAL ESTATE LOAN MANAGER
Highest-paid employee
40$123,146$27,124
SCHWAN HARDIEVP CHIEF FINANCIAL OFFICER
Officer
40$45,979$0
MARK SADOWSKIEVP CHIEF FINANCIAL OFF (THRU 01/22)
Officer
40$37,573$1,353
JERRY RAELCHAIR
Trustee or director, Officer
1$0$0
JOANNE VIGIL-COPPLERVICE CHAIR
Trustee or director, Officer
1$0$0
KENNETH KIRKTREASURER
Trustee or director, Officer
1$0$0
PAMELA GONZALESSECRETARY
Trustee or director, Officer
1$0$0
LORRIE LUJANSECRETARY (THRU 05/22)
Trustee or director, Officer
1$0$0
MICHAEL DURANDIRECTOR
Trustee or director
1$0$0
VIRGINIA HENDLEYDIRECTOR
Trustee or director
1$0$0
ROSEMARY WICKARDDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
813TH ST MICHAELS DR, SANTA FE, NM 87505-0000
Principal officer (990 for 2024)
ANDY RAMOS, 1611 CALLE LORCA DRIVE, SANTA FE, NM 87505
Signed the 990
ETHAN HENDRICKSON, CHIEF FINANCIAL OFFICER
Phone
(505) 983-7328
Return prepared by
WIPFLI ADVISORY LLC

Mission

NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT.

990 for the year ended December 31, 2024

Program accomplishments

  • NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS 52,954 MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-6010733
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
Assets (IRS master file)
$1,255,970,945
Income (IRS master file)
$70,788,124

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$70,788,124$64,189,273$1,255,970,945IRS
990December 2023$58,384,621$47,951,608$1,149,326,046XML
990December 2022$48,283,901$33,149,896$1,068,857,027XML
990December 2021$39,868,558$29,098,888$936,346,148IRS
990December 2018–––IRS
990December 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 85-6010733).

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 85-6010733.
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 ANDY RAMOS.
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 18 people; 11 received compensation from the organization, the highest $689,967 (ANDY RAMOS, PRESIDENT/CEO).
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 $70,788,124, expenses of $64,189,273 and total assets of $1,255,970,945 at year end.

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