2023-11-15T10:20:14-06:00 2022-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2022-01-01 850124035 DEL NORTE CREDIT UNION DELN 5054555445 PO BOX 1180 LOS ALAMOS NM 87544 CHARLES CHUCK VALENTI CEO 5054555445 2023-11-14 1 CHARLES CHUCK VALENTI 999009999 0 REBECCA A RODRIGUEZ P01073764 2108286281 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARLES CHUCK VALENTI 3286 CERRILLOS RD SANTA FE NM 87507 45843178 0 X WWW.DNCU.COM X 1954 NM 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. 9 9 281 15 211418 0 0 0 36581378 45836478 0 6700 0 0 36581378 45843178 0 0 0 0 15117064 16757017 0 0 0 14523120 18212323 29640184 34969340 6941194 10873838 967606971 1030042670 874053607 925615468 93553364 104427202 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. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES, AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 8389 0 1 281 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 NM X DEBRA CHAVEZ 5054555445 PO BOX 1180 LOS ALAMOS NM 87544 CLYDE LEYBA BOARD MEMBER/CHAIR 1.00 X X 0 0 0 ART SALGADO BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 LEVI LOPEZ BOARD MEMBER/TREASURER 1.00 X X 0 0 0 LEN MONTOYA BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 JULIE FELDMAN BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 BENITO SALAZAR BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 LUIS ALBA BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 MARTIN VARELA BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 STEVEN SANTISTEVAN BOARD MEMBER/DIRECTOR 1.00 X 0 0 0 CHARLES CHUCK VALENTI CEO 32.00 X 343109 0 44653 DAVID WEIDAUER EVP 40.00 X 258276 0 46571 TIMOTHY VILTER CFO 40.00 X 179336 0 26800 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 40.00 X 171487 0 38078 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 40.00 X 185376 0 52857 KERRY STACY CHIEF PERFORMANCE OFFICER 40.00 X 182803 0 49578 JOLENE ALLEN CHIEF CULTURE OFFICER 40.00 X 194438 0 43413 DEBBIE SALAZAR CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 194945 0 39563 KIMBERLY CURRIE CHIEF MARKETING OFFICER 40.00 2.00 X 171381 0 46787 KEVIN SOUTHWICK CHIEF LENDING OFFICER 40.00 X 175820 0 38554 AMY MCHUGH SVP GOVERNANCE, RISK & REGULATORY AFFAIRS 40.00 X 142275 0 22580 MARCO PADILLA SR VP LENDING 40.00 X 162690 0 46012 DANA JARAMILLO SVP SUPPORT OPERATIONS 40.00 X 137343 0 37103 RALPH FLORES MORTGAGE LOAN OFFICER 40.00 X 132793 0 27806 MATTHEW CALE VP IT CORE SYSTEMS 40.00 X 129152 0 23921 DEBRA CHAVEZ VP OF ACCOUNTING 40.00 X 118234 0 32809 ERIC BALDONADO VP COMMUNITY RELATIONS 40.00 X 117665 0 23048 2997123 0 640133 22 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING COMPANY/DIGITAL D 1972173 WILGER ENTERPRISES INC 425 EDMON NE ALBUQUERQUE NM 87107 BUILDING CONTRACTOR 1189393 ALKAMI TECHNOLGY PO BOX 670397 DALLAS TX 75267 SOFTWARE MAINT. RE: PLATFORM CONSUMER SY 705269 VISA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING COMPANY 681016 CFM CASH FLOW 6950 WEST MORELOS STE1 CHANDLER AZ 85226 SOFTWARE MAINT. RE: ASPYN ENTERPRISE COR 507965 23 PROGRAM SERVICE REVENUE 522100 45625060 45625060 INVESTMENT SERVICES 523000 211418 211418 45836478 6700 0 6700 6700 6700 45843178 45625060 211418 6700 2857383 10370993 426892 1960612 1141137 24652 93190 1396012 1013679 5507775 1011453 131793 164519 1567844 1481613 175554 LOAN SERVICING EXPENSE 2346365 OPERATIONS 2264916 PROVISION FOR LOAN LOSS 1032610 EXCISE TAX 348 34969340 4437150 3525902 138253378 29653622 2111711 6053371 627111309 767842073 753342 1086854 45783112 16578000 28455054 29205112 158206398 182533921 8278629 10141815 967606971 1030042670 3900025 4738800 111167 539863 870042415 920336805 874053607 925615468 X 0 0 0 0 93553364 104427202 93553364 104427202 967606971 1030042670 X 10873838 -8699234 8699234 X X 0 1 X 1 0 6087407 6087407 25427094 5962540 19464554 614132 614132 0 13049963 10001328 3048635 604516 604516 29205112 COLI INVESTMENT 12880739 C INVESTMENT IN NCUSIF 8126768 C INVESTMENTS 161526414 C 182533921 DEFERRED CREDITS 8950 IRA REGULAR SHARES 18239529 IRA SHARE CERTIFICATES 5308827 OTHER LIABILITIES 6053209 REGULAR SHARE CERTIFICATES 83838565 SHARE DRAFT ACCOUNTS -36122 SHARES 806923847 920336805 X PART X, LINE 2: THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X X X 0 1 0 CHARLES CHUCK VALENTI CEO 311476 0 29395 0 2238 0 20367 0 24286 0 387762 0 0 0 DAVID WEIDAUER EVP 235794 0 21783 0 699 0 23581 0 22990 0 304847 0 0 0 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 169866 0 15054 0 456 0 19152 0 33705 0 238233 0 0 0 JOLENE ALLEN CHIEF CULTURE OFFICER 177104 0 15329 0 2005 0 19682 0 23731 0 237851 0 0 0 DEBBIE SALAZAR CHIEF MEMBER EXPERIENCE OFFICER 178291 0 15347 0 1307 0 19568 0 19995 0 234508 0 0 0 KERRY STACY CHIEF PERFORMANCE OFFICER 171473 0 10631 0 699 0 18681 0 30897 0 232381 0 0 0 KIMBERLY CURRIE CHIEF MARKETING OFFICER 156002 0 13374 0 2005 0 15819 0 30968 0 218168 0 0 0 KEVIN SOUTHWICK CHIEF LENDING OFFICER 163515 0 11606 0 699 0 17150 0 21404 0 214374 0 0 0 PAMELA ATENCIO CHIEF OPERATIONS OFFICER 157772 0 13411 0 304 0 17414 0 20664 0 209565 0 0 0 MARCO PADILLA SR VP LENDING 151849 0 10537 0 304 0 12504 0 33508 0 208702 0 0 0 TIMOTHY VILTER CFO 170773 0 7256 0 1307 0 15494 0 11306 0 206136 0 0 0 DANA JARAMILLO SVP SUPPORT OPERATIONS 127015 0 9021 0 1307 0 13950 0 23153 0 174446 0 0 0 AMY MCHUGH SVP GOVERNANCE, RISK & REGULATORY AF 134338 0 7238 0 699 0 11386 0 11194 0 164855 0 0 0 RALPH FLORES MORTGAGE LOAN OFFICER 63787 0 68824 0 182 0 6815 0 20990 0 160598 0 0 0 MATTHEW CALE VP IT CORE SYSTEMS 126074 0 1771 0 1307 0 2837 0 21084 0 153073 0 0 0 DEBRA CHAVEZ VP OF ACCOUNTING 111060 0 4690 0 2484 0 11883 0 20926 0 151043 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION, BUT ARE ALLOWED $7,500 PER YEAR FOR THE REIMBURSEMENT OF ORDINARY, NECESSARY, AND REASONABLE BUSINESS EXPENSES INCURRED BY VOLUNTEERS IN THE PERFORMANCE OF THEIR DUTIES AND RESPONSIBILITIES INCLUDING TRAVEL FOR EDUCATIONAL PURPOSES RELATED TO THEIR DUTIES WHICH INCLUDE SPOUSES TRAVEL, IF THEY TRAVEL WITH THEM. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(B) PLAN: CHARLES (CHUCK) VALENTI, DAVID WEIDAUER, CHRISTOPHER MCGEE, KERRY STACY, JOLENE ALLEN, DEBBIE SALAZAR, KIMBERLY CURRIE, KEVIN SOUTHWICK, PAMELA ATENCIO, MARCO PADILLA, AMY MCHUGH, DANA JARAMILLO, TIMOTHY VILTER, MATTHEW CALE, DEBRA CHAVEZ, AND ERIC BALDONADO. CHARLES (CHUCK) VALENTI AND TIMOTHY VILTER CONTRIBUTED TO THE 457(B) PLAN THROUGH PAYROLL DEDUCTIONS DURING 2022. * CHARLES (CHUCK) VALENTI CONTRIBUTED $20,500 TO THE 457B PLAN * TIMOTHY VILTER CONTRIBUTED $17,474 AND DNCU CONTRIBUTED $3,026 TO THE 457B PLAN ALL EMPLOYEES BELOW WERE ISSUED AN EMPLOYER CONTRIBUTION. DAVID WEIDAUER - $6,800 CHRISTOPHER MCGEE - $5,096 KERRY STACY - $5,042 JOLENE ALLEN - $5,232 DEBBIE SALAZAR - $5,212 KIMBERLY CURRIE - $4,558 KEVIN SOUTHWICK - $4,610 PAMELA ATENCIO - $4,693 MARCO PADILLA - $4,220 AMY MCHUGH - $700 DANA JARAMILLO - $3,628 TIMOTHY VILTER - $3,026 MATTHEW CALE - $1,688 DEBRA CHAVEZ - $3,220 ERIC BALDONADO - $2,616 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. THE CAPITAL OF DNCU SHALL CONSIST OF SHARE ACCOUNTS, MEMBERSHIP SHARES, RESERVES, AND UNDIVIDED EARNINGS. MEMBERSHIP SHARES SHALL HAVE A PAR VALUE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A IN ALL ELECTIONS EACH MEMBER IN GOOD STANDING SHALL HAVE ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES OR ACCOUNTS HELD BY HIM, HER, OR IT. ELIGIBILITY TO VOTE SHALL BE DETERMINED BY THE FEDERAL TAX IDENTIFICATION NUMBER OF EACH ACCOUNT. MEMBERS WITH MULTIPLE ACCOUNTS WITH THE SAME FEDERAL TAX IDENTIFICATION NUMBER SHALL ONLY BE ENTITLED TO ONE VOTE. ONLY THE PERSON OR ENTITY WHOSE FEDERAL TAX ID NUMBER APPEARS ON THE ACCOUNT MAY VOTE. IF A MEMBER IS A NATURAL PERSON, HE/SHE MUST BE 18 YEARS OF AGE OR OLDER ON THE DATE OF THE ANNUAL MEETING TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, EVP AND CFO REVIEW THE TAX RETURNS BEFORE THEY ARE FILED AND THEN SIGNED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 12C A FORM IS UPDATED ANNUALLY IF NEED BE BY EACH EMPLOYEE AND KEPT IN THE EMPLOYEE FILE. ALL BOARD AND SUPERVISORY BOARD MEMBERS SIGN AN ANNUAL CODE OF CONDUCT WHICH INCLUDES A CONFLICT OF INTEREST STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MAY HIRE A CHIEF EXECUTIVE OFFICER RESPONSIBLE FOR THE MANAGEMENT OF DEL NORTE CREDIT UNION. SAID CHIEF EXECUTIVE OFFICER SHALL BE KNOWN AS THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO). THE PRESIDENT/CEO SHALL NOT BE A MEMBER OF THE BOARD. THE PRESIDENT/CEO SHALL SERVE AT THE DISCRETION OF THE BOARD AND BE SUBJECT TO THE DIRECTION AND APPROVAL OF THE BOARD. THE PRESIDENT/CEO SHALL REPORT AND BE RESPONSIBLE TO THE BOARD. THE CEO DETERMINES KEY EMPLOYEES' SALARIES WHICH ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED ON THE WWW.DNCU.COM WEBSITE FOR THE PUBLIC TO VIEW. FORM 990, PART XI, LINE 9: CHANGE IN AFS UNREALIZED LOSS 8,699,234. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS ARE AUDITED EVERY YEAR ENDING MARCH 31ST BY NEARMAN CPA'S. DEL NORTE LOV FOUNDATION 3286 CERRILLOS RD SANTA FE NM 87507 824777209 SCHOLARSHIPS FUNDING NM 501(C)(3) LINE 7 DEL NORTE CREDIT UNION 1 CU ANYTIME LLC 4374 ALEXANDER BLVD NE SUITE A ALBUQUERQUE NM 87107 742814060 SHARED ATM NM NONE RELATED -34695 627759 0 0 0.12280 CUPR1ME INC 3286 CERRILLOS RD SANTA FE NM 87507 850340201 FINANCIAL SERVICES NM DEL NORTE CREDIT UNION C -2728 182682 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 DEL NORTE LOV FOUNDATION O 82610 FMV