2016-11-15T20:54:52-06:00 2015-12-31 850234701 BARRACLOUGH & ASSOCIATES PC PO BOX 1847 SANTA FE NM 87504 990 2015-01-01 856010733 STATE EMPLOYEES CREDIT UNION OF NM STAT 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 HAROLD K DIXON PRESIDENT 5059543403 2016-11-15 1 JOHN E BARRACLOUGH JR CPA P00287935 5059833387 2015 2017-02-10 21:41:12Z HAROLD K DIXON 813 ST MICHAELS DRIVE SANTA FE NM 87505 30156960 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 0 21819825 23174550 877058 760361 0 0 22696883 23934911 0 0 0 0 8725199 9346280 0 0 0 8846442 9618264 17571641 18964544 5125242 4970367 393149078 426491004 350895776 380218041 42253302 46272963 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 39,557 MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT. 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 22611 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 THE ORGANIZATION 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 JERRY RAEL CHAIR 1.00 X X 0 0 0 ROSEMARY WICKARD VICE CHAIR 1.00 X X 0 0 0 LORRIE LUJAN SECRETARY 1.00 X X 0 0 0 JOANNE VIGIL COPPLER TREASURER 1.00 X X 0 0 0 MICHAEL DURAN DIRECTOR 1.00 X 0 0 0 PAMELA GONZALES DIRECTOR 1.00 X 0 0 0 PHILLIP TORRES DIRECTOR 1.00 X 0 0 0 HAROLD K DIXON PRESIDENT/CEO 40.00 X 286335 0 24009 DWAYNE HERRERA VICE PRESIDENT 40.00 X 154840 0 76505 EMILIO ATENCIO VP OF LENDING 40.00 X 107477 0 25293 DEBORAH SPARKS HR DIRECTOR 40.00 X 91830 0 44812 RICHARD SCHAEFER VP OF INFORMATION SYSTEMS 40.00 X 136214 0 8699 MARK SADOWSKI CHIEF FINANCIAL OFFICER 40.00 X 119634 0 43137 896330 0 222455 5 0 1 0 SMITH FINANCIAL CONSULTING 6563 CAMINO DEL PARQUE CARLSBAD CA 92011 BANKING CONSULTING 379686 KASASA LTD PO BOX 527 LUBBOCK TX 79408 BANKING PRODUCTS AND SERVICES 350526 PRESBYTERIAN HEALTH PLAN PO BOX 911594 DENVER CO 80291 HEALTH CARE INSURANCE 305616 FISERV 75 REMITTANCE DR CHICAGO IL 61649 DATA PROCESSING SUPPORT 238982 DATAPRINT SERVICES LLC 5201 VENICE AVE NE SUITE E ALBUQUERQUE NM 87113 CUSTOMER COMMUNICATION 170387 5 INTEREST ON LOANS RECEIVABLE 522100 14651430 14651430 FEES AND SERVICE CHARGES 522100 5303681 5303681 NON-INTEREST INCOME 522100 3219439 3219439 23174550 724734 724734 6257676 6222049 35627 35627 35627 23934911 23934911 0 0 X 1118785 5504746 946003 1257216 519530 46214 43500 2640183 592658 767142 788977 87698 99200 682000 105119 DIVIDENDS PAID TO MEMBE 2221130 PROVISION FOR LOAN LOSS 975000 OTHER 569443 18964544 4625974 3995206 2436555 27453854 786297 760786 311296073 325700074 20165456 5311261 15137817 14854195 3292106 3335335 40386415 32462095 15187841 17929459 393149078 426491004 4539079 5679542 346356697 374538499 350895776 380218041 X 0 0 0 0 42253302 46272963 42253302 46272963 393149078 426491004 X 4970367 117839 -1068545 X 0 1 X 1 0 5371143 5371143 11080265 2461100 8619165 190671 190671 0 3523377 2659490 863887 14854195 FEDERAL AGENCY SECURITIES 7663265 F FEDERAL AGENCY MORTGAGE BACKED SECURITIES 22308465 F CERTIFICATES OF DEPOSIT 2490365 F 32462095 SHARES AND DEPOSITS 374337832 BORROWED FUNDS 200667 374538499 23934911 0 23934911 0 23934911 18964544 0 18964544 0 18964544 X X 0 1 0 HAROLD K DIXON PRESIDENT/CEO 272692 0 9743 0 3900 0 9665 0 14344 0 310344 0 0 0 DWAYNE HERRERA VICE PRESIDENT 147322 0 7518 0 0 0 62754 0 13751 0 231345 0 0 0 MARK SADOWSKI CHIEF FINANCIAL OFFICER 110812 0 8822 0 0 0 35964 0 7173 0 162771 0 0 0 TED GONZALES FORMER CHAIR, SUPERVISORY COMMITTEE 39870 ADVERTISING 0 0 KENNETH KIRK MEMBER, SUPERVISORY COMMITTEE 12950 STORAGE RENTAL 0 HAROLD DIXON PRESIDENT/CEO 7000 JOINT INVESTMENT IN A CASH VALUE LIFE INSURANCE POLICY TO PROVIDE REASONABLE RETIREMENT INCOME FOR THE INTERESTED PERSON & RETURN INVESTMENT & INTEREST TO THE ORGANIZATION. 0 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 OWNED AND GOVERNED BY ITS MEMBERS, WHO VOTE ON ISSUES SUCH AS MERGERS AND CHARTER CONVERSIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT 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 ACKNOWLEGMENT 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 IS CONDUCTED BY THE BOARD OF DIRECTORS. IT ALSO SETS THE SALARY AND BENEFITS OF THE PRESIDENT BASED ON PERFORMANCE AND REVIEWS SALARY COMPARABLE TO OTHER CREDIT UNIONS. 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, SKILL 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 NEWSLETTERS, AND ACCESSING INFORMATION ON THEIR CREDIT UNION'S WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 2,640,183. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BENEFIT OBLIGATIONS -1,032,918. RECLASSIFICATION ADJUSTMENT FOR NET GAIN IN NET INCOME -35,627.