2017-11-14T13:00:50-07:00 2016-12-31 990 2016-01-01 856010733 CREDIT UNIONS IN THE STATE OF NEW MEXICO State Employees Credit Union of New Mexico CRED 5059837328 813 St Michaels Drive Santa Fe NM 87505 Mark Sadowski Chief Financial Officer 5059833387 2017-11-14 67.131.75.29 2016 2017-02-10 21:41:12Z Harold K Dixon 813 St Michaels Drive Santa Fe NM 87505 33202029 0 X www.secunm.org X 1958 NM New Mexico State-Chartered Credit Union providing financial services to its members as provided by the New Mexico Credit Union Act. 7 7 167 0 0 0 0 23174550 24549623 760361 1032394 0 0 23934911 25582017 0 0 0 0 9346280 10077841 0 0 0 9618264 9971490 18964544 20049331 4970367 5532686 426491004 465705318 380218041 414330169 46272963 51375149 New Mexico State-Chartered Credit Union providing financial services to its members as provided by the New Mexico Credit Union Act. 0 0 New Mexico State-Chartered Credit Union providing financial services to its 41,242 members as provided by the New Mexico Credit Union Act. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 23200 0 1 167 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X The Organization 5059837328 813 St Michaels Drive Santa Fe NM 87505 Jerry Rael Chair 1 0 X 0 0 0 Rosemary Wickard Vice Chair 1 0 X 0 0 0 Lorrie Lujan Secretary 1 0 X 0 0 0 Joanne Vigil Coppler Treasurer 1 0 X 0 0 0 Michael Duran Director 1 0 X 0 0 0 Pamela Gonzales Director 1 0 X 0 0 0 Phillip Torres Director 1 0 X 0 0 0 Harold K Dixon President/CEO 40 0 X 318067 0 23812 Dwayne Herrera Executive Vice President 40 0 X 158396 0 81250 Mark Sadowski Chief Financial Officer 40 0 X 124692 0 50541 Richard Schaefer VP of Information Systems 40 0 X 211434 0 9056 Emilio Atencio VP of Lending 40 0 X 115276 0 27449 Deborah Sparks VP of Human Resources 40 0 X 102322 0 47835 1030187 0 239943 6 0 1 0 Presbyterian Health Plan PO Box 911594 Denver CO 80291 Health Care Insurance 372719 Kasasa LTD PO Box 527 Lubbock TX 79408 Banking products and services 313329 Dataprint Services LLC 5201 Venice Ave Suite E Albuquerque NM 87113 Member communication 160041 MVD Express 850 St Michaels Drive Santa Fe NM 87505 Auto titling and registration 122810 Cognito LTD Inc 1000 Cordova PL Santa Fe NM 87505 Marketing services 127639 7 0 0 0 0 0 0 0 0 Interest on Loan Receivable 522100 15375180 15375180 0 0 Fees and service charges 522100 5582707 5582707 0 0 Non interest income 522100 3591736 3591736 0 0 0 0 0 0 24549623 998917 998917 0 0 0 0 0 0 0 0 0 0 0 0 7653489 0 7620012 0 33477 0 33477 33477 0 0 0 0 25582017 25582017 0 0 X 0 0 0 0 1270130 0 5900824 1021989 1331017 553881 0 29421 59040 0 0 0 2584425 657550 1104686 0 0 610400 89532 0 0 280037 0 698677 103359 Dividends to members 2371752 Provision for loan loss 900000 Other 482611 20049331 0 0 0 3995206 6152720 27453854 18083865 760786 874614 325700074 369666764 21373162 5922087 14854195 15451075 0 0 3335335 4028074 32462095 32326652 0 0 17929459 19121554 426491004 465705318 5679542 6507326 374538499 407822843 380218041 414330169 X 0 0 0 0 46272963 51375149 46272963 51375149 426491004 465705318 X 5532686 -99193 0 0 0 -331307 X 0 1 X 1 0 0 5371143 5371143 0 12165930 2799889 9366041 0 202783 180656 22127 0 3633306 2941542 691764 0 0 0 0 15451075 Federal Agency Securities 3664045 F Federal Agency Mortgage Backed Securities 25915023 F Certificates of deposit 2747584 F 32326652 Shares and deposits 407722509 Borrowed funds 100334 407822843 25582017 0 0 0 0 0 25582017 0 0 0 25582017 20049331 0 0 0 0 0 20049331 0 0 0 20049331 X X 0 0 0 Harold K Dixon President/CEO 304424 0 9743 0 3900 0 9275 0 14537 0 341879 0 0 0 Dwayne Herrera Executive Vice President 150878 0 7518 0 0 0 67143 0 14107 0 239646 0 0 0 Richard Schaefer VP of Information Systems 136932 0 7644 0 84610 0 4780 0 5963 0 239929 0 0 0 Mark Sadowski Chief Financial Officer 115870 0 8822 0 0 0 39505 0 11535 0 175732 0 0 0 Ted Gonzales Former Chair, Supervisory Committee 38963 Advertising 0 Kenneth Kirk Member, Supervisory Committee 12900 Storage Rental 0 Harold Dixon President/CEO 6500 Joint Investment 0 Schedule L, Part IV (A) Name of Person: Ted Gonzales; (B) Relationship between interested person and organization: Former Chair, Supervisory Committee; (D) Description of transaction: Media advertising (A) Name of Person: Kenneth Kirk; (B) Relationship between interested person and organization: Member, Supervisory Committee; (D) Description of transaction: Storage unit rental (A) Name of Person: Harold Dixon; (D) Description of transaction: Joint investment in a cash value life insurance policy to provide reasonable retirement income for the interested person & return investment and interest to the organization Form 990, Part VI, Section A, Line 6 The credit union is owned and governed by its members. Members own shares, elect board members and vote on issues such as mergers and charter conversions. Board and management decisions affect the fees members pay, interest rates they are charged for loans, services the credit union offers and whether members receive dividends. Form 990, Part VI, Section A, Line 7a The credit union is owned and governed by its members, who own shares and elect board members. Form 990, Part VI, Section A, Line 7b The credit union is governed by its members, who vote on issues such as mergers and charter conversions. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by Accounting Staff and given to the Principal Officer and Board to review. Form 990, Part VI, Section B, Line 12c The Supervisory Committee monitors and enforces compliance with the policy. Employees are required to sign an acknowledgement and agreement statement when provided with the credit union's employee handbook at the time of hire. Form 990, Part VI, Section B, Line 15 An annual review of the performance of the President/CEO is conducted by the Board of Directors. It also sets the salary and benefits of the President/CEO based on performance and reviews salary comparable to other credit union. The credit union establishes compensation levels for each credit union position. Compensation for other officers or key employees of the organization is based upon evaluation, employee's salary history, skills and experience. Form 990, Part VI, Section C, Line 18 Available for review on request at the credit union's main office Form 990, Part VI, Section C, Line 19 Credit union members can obtain information about their credit union by attending the annual meeting for the membership, specifically requesting information from the credit union, reading credit union publications and accessing information on their credit union's website. Form 990, Part IX, Line 11g Professional and outside services; Total other fees on Form 990, Part IX, Line 11G, Col A: 2,584,425 Form 990, Part XI, Line 9 Net change in defined benefit obligation: -297,830; Reclassification adjustment for net gain in net income: -33,477; total to Form 990, Part XI, Line 9: -331,307