2021-11-10T15:31:41-06:00 2020-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2020-01-01 850124035 DEL NORTE CREDIT UNION DELN 5054555445 PO BOX 1180 LOS ALAMOS NM 87544 CHARLES CHUCK VALENTI CEO 5054555445 2021-11-10 1 CHARLES CHUCK VALENTI 999009999 REBECCA A RODRIGUEZ P01073764 2108286281 2021-11-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHARLES CHUCK VALENTI 3286 CERRILLOS RD SANTA FE NM 87507 35703983 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 9 226 15 84062 0 0 0 34985818 35628286 42135 -12480 0 0 35027953 35615806 0 0 0 0 12070086 13584115 0 0 0 14402190 16367074 26472276 29951189 8555677 5664617 702040123 849421553 621092572 762802721 80947551 86618832 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 10513 0 1 226 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 X DEBRA CHAVEZ 5054555445 3286 CERRILLOS RD SANTA FE NM 87507 CHARLES CHUCK VALENTI CEO 40.00 X 409062 0 43661 AMANDA GEORGE MORTGAGE LOAN OFFICER 40.00 X 284340 0 21781 LISA MUNOZ MORTGAGE LOAN OFFICER 40.00 X 228311 0 46986 DAVID WEIDAUER EVP 40.00 X 213145 0 53408 RALPH FLORES MORTGAGE LOAN OFFICER 40.00 X 196264 0 34005 KERRY STACY CHIEF STRATEGY OFFICER 40.00 X 180413 0 49147 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 40.00 X 173972 0 50014 DEBBIE SALAZAR CMEO 40.00 X 181256 0 40469 JOLENE ALLEN CCO 40.00 X 185733 0 34111 KIMBERLY CURRIE CMO 40.00 X 148530 0 45542 KEVIN SOUTHWICK CLO 40.00 X 157002 0 36315 MARCO PADILLA SR VP LENDING 40.00 X 137761 0 42708 PAMELA ATENCIO COO 40.00 X 128121 0 33243 ROBERT ORTEGA VP MORTGAGE LENDING 40.00 X 127137 0 32391 GILBERT GARCIA MORTGAGE LOAN OFFICER 40.00 X 134369 0 17281 YVETTE ROMERO SR VP MEMBER EXPERIENCE 40.00 X 106499 0 22983 JOHN BALLI EVP 40.00 X 93731 0 19134 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 DELIA CISNEROS BOARD MEMBER/DIRECTOR 1.00 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 3085646 0 623179 22 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING COMPANY/DIGITAL D 1619505 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 BILL PAY SERVICES 566884 WILGER ENTERPRISES INC 425 EDMON NE ALBUQUERQUE NM 87107 BUILDING CONTRACTOR 348420 VISA PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING COMPANY 269914 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 CORE PROCESSOR SOFTWARE, MAINTENANCE AND 243244 17 PROGRAM SERVICE REVENU 511110 35544224 35544224 INVESTMENT SERVICES 523930 84062 84062 35628286 75697 88177 -12480 -12480 -12480 35615806 35531744 84062 0 2585959 8091647 393345 1701281 811883 64828 56950 1089863 664414 3133811 701483 47736 104003 2078494 1249455 185888 PROVISION FOR LOAN LOSS 3682061 OPERATIONS 1662973 LOAN SERVICING EXPENSE 1649214 EXCISE TAX -4099 29951189 74733992 211655056 1386277 1503191 552732703 559499724 909359 1098597 37609731 13716686 22370656 23893045 42510224 43262069 7396912 8509871 702040123 849421553 3367711 3886203 12750 3000 617712111 758913518 621092572 762802721 X 0 0 0 0 80947551 86618832 80947551 86618832 702040123 849421553 5664617 6664 0 X X 0 1 X 1 0 4534752 4534752 19264779 5278256 13986523 614132 614132 0 11337502 7824298 3513204 1858566 1858566 23893045 COLI INVESTMENT 12201914 C INVESTMENT IN NCUSIF 6437809 C INVESTMENTS 24622346 C 43262069 DEFERRED CREDITS 12875 IRA REGULAR SHARES 15490230 IRA SHARE CERTIFICATES 4608646 OTHER LIABILITIES 3482668 REGULAR SHARE CERTIFICATES 89110954 SHARE DRAFT ACCOUNTS 2403 SHARES 646205742 758913518 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 358717 0 48224 0 2121 0 21375 0 22286 0 452723 0 0 0 AMANDA GEORGE MORTGAGE LOAN OFFICER 52808 0 231237 0 295 0 21289 0 492 0 306121 0 0 0 LISA MUNOZ MORTGAGE LOAN OFFICER 48714 0 179469 0 128 0 17407 0 29579 0 275297 0 0 0 DAVID WEIDAUER EVP 193093 0 19362 0 690 0 22737 0 30671 0 266553 0 0 0 RALPH FLORES MORTGAGE LOAN OFFICER 55160 0 140951 0 153 0 12825 0 21180 0 230269 0 0 0 KERRY STACY CHIEF STRATEGY OFFICER 163240 0 16483 0 690 0 20182 0 28965 0 229560 0 0 0 CHRISTOPHER MCGEE CHIEF INFORMATION OFFICER 162694 0 10966 0 312 0 20633 0 29381 0 223986 0 0 0 DEBBIE SALAZAR CMEO 164119 0 15847 0 1290 0 20356 0 20113 0 221725 0 0 0 JOLENE ALLEN CCO 166900 0 16853 0 1980 0 20686 0 13425 0 219844 0 0 0 KIMBERLY CURRIE CMO 134978 0 11572 0 1980 0 15866 0 29676 0 194072 0 0 0 KEVIN SOUTHWICK CLO 146236 0 10076 0 690 0 16305 0 20010 0 193317 0 0 0 MARCO PADILLA SR VP LENDING 127318 0 10171 0 272 0 9427 0 33281 0 180469 0 0 0 PAMELA ATENCIO COO 120675 0 7147 0 299 0 14146 0 19097 0 161364 0 0 0 ROBERT ORTEGA VP MORTGAGE LENDING 119732 0 5443 0 1962 0 12890 0 19501 0 159528 0 0 0 GILBERT GARCIA MORTGAGE LOAN OFFICER 57204 0 76820 0 345 0 7443 0 9838 0 151650 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION, BUT ARE ALLOWED $7,500.00 PER YEAR FOR TRAVEL 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, KERRY STACY, JOLENE ALLEN, JOHN BALLI, CHRISTOPHER MCGEE, ROBERT ORTEGA, DAVID WEIDAUER, KIMBERLY CURRIE, KEVIN SOUTHWICK, MARCO PADILLA, YVETTE ROMERO, DEBBIE SALAZAR, AND PAMELA ATENCIO. CHARLES (CHUCK) VALENTI CONTRIBUTED TO THE 457(B) PLAN THROUGH PAYROLL DEDUCTIONS DURING 2020. ALL EMPLOYEES BELOW WERE ISSUED AN EMPLOYER CONTRIBUTION. KERRY STACY 3,985 JOLENE ALLEN 4,434 JOHN BALLI 2,377 CHRISTOPHER MCGEE 4,488 ROBERT ORTEGA 3,082 DAVID WEIDAUER 5,002 KIMBERLY CURRIE 3,582 KEVIN SOUTHWICK 4,113 MARCO PADILLA 3,467 YVETTE ROMERO 2,332 DEBBIE SALAZAR 4,228 PAMELA ATENCIO 3,062 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 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. 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 DNCU.COM WEBSITE FOR THE PUBLIC TO VIEW. 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 3121 CARLISLE BLVD NE ALBUQUERQUE NM 87110 742814060 SHARED ATM NM NONE RELATED -29335 553969 0 0 0.12280 CUPR1ME INC 3286 CERRILLOS RD SANTA FE NM 87507 850340201 FINANCIAL SERVICES NM DEL NORTE CREDIT UNION C -5289 181880 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0