2012-05-24T09:02:05-05:00 2011-12-31 850234701 BARRACLOUGH & ASSOCIATES PC PO BOX 1847 SANTA FE NM 87504 990 2011-01-01 856010733 STATE EMPLOYEES CREDIT UNION OF NM STAT 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 HAROLD K DIXON 5059543403 2012-05-23 1 JOHN E BARRACLOUGH JR CPA P00287935 5059833387 2011 2016-02-24 21:20:13Z HAROLD K DIXON 813 ST MICHAELS DR SANTA FE NM 87505 23818922 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 7 135 0 0 0 0 0 20834035 21197225 1358619 1263059 0 0 22192654 22460284 0 0 0 0 6448402 7032966 0 0 0 12303971 10681241 18752373 17714207 3440281 4746077 285337307 307581721 261227175 278811100 24110132 28770621 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 MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 18823 0 1 135 1 1 1 0 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 NM X THE ORGANIZATION 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 ANDREW CHAVEZ 1.00 X 0 0 0 PAMELA GONZALES 1.00 X 0 0 0 LORRIE LUJAN 1.00 X 0 0 0 ROSEMARY WICKARD 1.00 X 0 0 0 JERRY RAEL 1.00 X 0 0 0 MICHAEL DURAN 1.00 X 0 0 0 JOANNE VIGIL COPPLER 1.00 X 0 0 0 HAROLD K DIXON 40.00 X 206072 0 126816 DWAYNE HERRERA 40.00 X 145758 0 30803 EMILIO ATENCIO 40.00 X 80572 0 0 DEBORAH SPARKS 40.00 X 86899 0 16580 RICHARD SCHAEFER 40.00 X 130400 0 0 DEBRA FERRELL 40.00 X 102902 0 25698 752603 0 199897 4 0 1 0 THE GUARANTY & INSURANCE CO 301 GRIFFIN ST SANTA FE NM 87501 TITLE SERVICES 3060362 PRESBYTERIAN HEALTH PLAN 2501 BUENA VISTA SE ALBUQUERQUE NM 87106 HEALTH CARE INSURANCE 800673 CUNA MUTUAL GROUP 5910 MINERAL POINT RD MADISON WI 53701 INSURANCE & SERVICES 431124 DATAPRINT LLC 5201 VENICE AVE NE STE E ALBUQUERQUE NM 87113 MAILING SERVICES 184181 BANCVUE 4516 SETON CENTER PARKWAY STE 300 AUSTIN TX 78759 ADVERTISING 180790 5 LOAN INCOME 522100 14131341 14131341 FEE INCOME 522100 6447388 6447388 NON-INTEREST INCOME 522100 618496 618496 21197225 1191757 1191757 1429940 1358638 71302 71302 71302 22460284 22460284 0 0 752603 4128886 954545 812541 384391 775780 537911 546544 491534 67616 2196 588822 111024 DIVIDENDS PAID TO MEMBE 2962662 PROVISION FOR LOAN LOSS 2125000 OPERATING FEES 1364235 NCUA INSURANCE ASSESSME 657088 450829 17714207 11833653 17827249 843521 800059 920353 1756942 204283072 210721935 14615910 3442822 5923134 11173088 50747079 51180943 3234000 3383100 7552495 10738405 285337307 307581721 4007475 5061488 257219700 273749612 261227175 278811100 X 0 0 0 0 24110132 28770621 24110132 28770621 285337307 307581721 X 4746077 -85588 X X 0 1 1 X 0 4515859 4515859 5832406 971472 4860934 1760534 602597 1157937 2507111 1868753 638358 11173088 SHARES AND DEPOSITS 273749612 273749612 22460284 17714207 4746077 695388 -780976 -85588 4660489 22460284 0 22460284 0 22460284 17714207 0 17714207 0 17714207 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NO UNCERTAIN TAX POSITIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET CHANGE IN DEFINED BENEFIT OBLIGATIONS -780,976. 1 X X 0 1 0 HAROLD K DIXON 195529 0 6643 0 3900 0 126816 0 0 0 332888 0 304963 0 EMILIO ATENCIO LINE OF CREDIT X 15000 9667 0 1 1 EMILIO ATENCIO NEW VEHICLE X 49569 37512 0 1 1 EMILIO ATENCIO RV X 35625 30728 0 1 1 ANDREW CHAVEZ NEW VEHICLE X 31765 12447 0 1 1 GREG CHAVEZ USED VEHICLE X 20324 14300 0 1 1 HAROLD K DIXON USED VEHICLE X 10453 2015 0 1 1 HAROLD K DIXON FIRST MORTGAGE X 570000 570000 0 1 1 MICHAEL DURAN UNSECURED X 4000 866 0 1 1 MICHAEL DURAN USED VEHICLE X 17127 9769 0 1 1 MICHAEL DURAN LINE OF CREDIT X 20000 18737 0 1 1 MICHAEL DURAN FIRST MORTGAGE X 242000 239604 0 1 1 PAMELA GONZALES MOTORCYCLE X 38000 28709 0 1 1 PAMELA GONZALES UNSECURED X 10000 6483 0 1 1 PAMELA GONZALES OTHER SECURED X 71486 67988 0 1 1 PAMELA GONZALES USED VEHICLE X 10418 8965 0 1 1 PAMELA GONZALES CD SECURED X 103970 102433 0 1 1 TED GONZALES COMMERCIAL MORTGAGE X 250000 227972 0 1 1 VIRGINIA HENDLEY FIRST MORTGAGE X 112200 111654 0 1 1 DWAYNE HERRERA USED VEHICLE X 24000 16248 0 1 1 LORENCITA LUJAN FIRST MORTGAGE X 98376 84490 0 1 1 LORENCITA LUJAN CD SECURED X 3865 3865 0 1 1 JERRY RAEL NEW VEHICLE X 25991 20660 0 1 1 JERRY RAEL LINE OF CREDIT X 22400 11502 0 1 1 RICHARD SCHAEFER FIRST MORTGAGE X 115737 99748 0 1 1 ROSEMARY WICKARD UNSECURED X 13596 11610 0 1 1 DEBRA FERRELL SECOND MORTGAGE X 32000 8970 0 1 1 1756942 JIM DIXON BROTHER OF PRESIDENT 156031 REMODELING CONSTRUCTION 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 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. MEMBERS OWN SHARES, ELECT BOARD MEMBERS, AND VOTE ON ISSUES SUCH AS MERGERS AND CHARTER CONVERSIONS. BOARD AND MANAGEMENT DECISIONS AFFECT 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 7B 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 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 B, LINE 11 FORM 990 IS PREPARED BY AN OUTSIDE PREPARER AND GIVEN TO THE PRINCIPAL OFFICER AND BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ADHERENCE TO CREDIT UNION REGULATIONS FORM 990, PART VI, SECTION B, LINE 15 APPROVAL BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE FOR REVIEW ON REQUEST AT THE CREDIT UNION. 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. AVAILABLE UPON REQUEST: 1) ARTICLES OF INCORPORATION AND BYLAWS 2) FINANCIAL STATEMENTS 3) IRS FORM 990 INFORMATION RETURN 4) NON-CONFIDENTIAL PAGES OF QUARTERLY CALL REPORTS AND ALSO AVAILABLE ONLINE AT THE NCUA WEBSITE. PROVIDED AT ANNUAL MEETING: 1) AMENDMENTS TO BYLAWS OR ARTICLES OF INCORPORATION 2) SUMMARY OF ANNUAL SUPERVISORY COMMITTEE PROCEDURES AND ANNUAL AUDIT CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 695,388. NET CHANGE IN DEFINED BENEFIT OBLIGATIONS -780,976. TOTAL TO FORM 990, PART XI, LINE 5: -85,588. THE SUPERVISORY COMMITTEE SELECTS THE INDEPENDENT AUDITING FIRM AND REVIEWS THE AUDITING FINANCIAL STATEMENTS WITH OUTSIDE ACCOUTING FIRM.