CREDIT UNIONS IN THE STATE OF NEW MEXICO: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS IN THE STATE OF NEW MEXICO (EIN 85-0102571)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-25
IRS object ID: 201223309349300252
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-25T21:20:18-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHWARTZ COLE AND ASSOCIATES LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	11776 W SAMPLE RD STE 106	AddressLine1
City	CORAL SPRINGS	City
State	FL	State
ZIP Code	330653180	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	850102571	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNIONS IN THE STATE OF NEW M	BusinessNameLine1
Business Name Line2	FIRST FINANCIAL CREDIT UNION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	CRED	NameControl
Phone	5054621115	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	601 TIJERAS NW	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	87102	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BEN HEYWARD	Name
Title	PRESIDENT	Title
Phone	5054621115	Phone
Date Signed	2012-11-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DANIEL J COLE	Name
Phone	9547551760	Phone
Date Prepared	2012-11-25	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	BEN HAYWARD	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	601 TIJERAS NW	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	87102	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	22707953	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.FFNM.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1937	YearFormation
State Legal Domicile	NM	StateLegalDomicile
Activity Or Mission Description	FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	175	TotalNbrEmployees
Total Gross UBI	31208	TotalGrossUBI
Net Unrelated Business Txbl Income	-6892	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	23963779	ProgramServiceRevenuePriorYear
Program Service Revenue CY	21977676	ProgramServiceRevenueCY
Investment Income Prior Year	481128	InvestmentIncomePriorYear
Investment Income Current Year	730277	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	24444907	TotalRevenuePriorYear
Total Revenue Current Year	22707953	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	9379082	SalariesEtcPriorYear
Salaries Etc Current Year	9670655	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	20174724	OtherExpensePriorYear
Other Expenses Current Year	12069528	OtherExpensesCurrentYear
Total Expenses Prior Year	29553806	TotalExpensesPriorYear
Total Expenses Current Year	21740183	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-5108899	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	967770	RevenuesLessExpensesCY
Total Assets BOY	353536331	TotalAssetsBOY
Total Assets EOY	378922941	TotalAssetsEOY
Total Liabilities BOY	320463435	TotalLiabilitiesBOY
Total Liabilities EOY	344882275	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	33072896	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	34040666	NetAssetsOrFundBalancesEOY
Mission Description	FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	EARNINGS FROM THE INVESTMENTS. THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANDED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUSE, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNION'S GOVERNING DOCUMENTS.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	96150	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	175	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	true	OfficerMailingAddress
Local Chapters	true	LocalChapters
Policies Reference Chapters	true	PoliciesReferenceChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	RONALD MOOREHEARD	NamePerson
Telephone Number	5054621119	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	601 TIJERAS NW	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	87102	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee
VICTOR PADILLA
DIRECTOR	5.00	X	0	0	0
CATHY THOMAS
DIRECTOR	5.00	X	0	0	0
JOHN BLUMENTHAL
DIRECTOR	5.00	X	0	0	0
KENNETH CARSON SR
DIRECTOR	5.00	X	0	0	0
LORETTA MONTOYA
DIRECTOR	5.00	X	0	0	0
MARIE SHRAKE
VICE PRES.	50.00		193295	0	6838	X
RONALD MOOREHEAD
CHIEF FIN OF	50.00		158554	0	6326	X
PAMELA MYERS
VP OF LENDIN	50.00		133283	0	5318	X
ANDREW T SCHOL
VP IT	50.00		109190	0	0	X
KAREN BROTEN
VP FIN. ACCT	50.00		102846	0	0	X
CASSIE KELLEY
CHAIRPERSON	5.00		0	0	0	X
PABLO RAEL
1ST VICE CHR	5.00		0	0	0	X
JOHN SECHRIST
SECRETARY/TR	5.00		0	0	0	X
VINCENT ESPARZA
2ND VICE CHA	5.00		0	0	0	X
GINGER CHOUINARD
CHIEF ADMIN	50.00		0	0	16730	X
BEN HEYWARD
PRESIDENT	50.00		347793	0	16500		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1044961	TotalReportableCompFromOrg
Total Other Compensation	51712	TotalOtherCompensation
Number Individuals GT100 K	6	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
LOAN INTEREST	14707472	14707472
FEES AND CHARGES	4665145	4665145
OTHER NON OPERATING INCOME	2573851	2573851
NON-MEMBER ATM FEES	31208		525990	31208

Field	Value	IRS element (for citing)
Total Program Service Revenue	21977676	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	730277	TotalRevenueColumn
Related Or Exempt Function Income	730277	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	22707953	TotalRevenueColumn
Related Or Exempt Function Income	22676745	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	31208	UnrelatedBusinessRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	911678	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	8758977	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1386102	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	147269	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	2511462	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	799860	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
OFFICE OPERATIONS	2598775
PROVISIONS FOR LOAN LOSSE	1325000
PROFESSIONAL FEES	1191473
MISC OPERATING EXP	977822

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1131765	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	21740183	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	9662071	BOY
EOY	6591187	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	3065179	BOY
EOY	34140279	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2343920	BOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	254779438	BOY
EOY	270867002	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	18387403	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	8938844	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	6377043	BOY
EOY	9448559	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	27837241	BOY
EOY	30407701	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	37178916	BOY
EOY	10534994	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	3305190	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	12292523	BOY
EOY	13628029	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	353536331	BOY
EOY	378922941	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2544837	BOY
EOY	1667598	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	317918598	BOY
EOY	343214677	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	320463435	BOY
EOY	344882275	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	33072896	BOY
EOY	34040666	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	33072896	BOY
EOY	34040666	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	353536331	BOY
EOY	378922941	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	967770	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1443437	OtherCostOrOtherBasis
Book Value	1443437	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5728732	OtherCostOrOtherBasis
Depreciation	837101	Depreciation
Book Value	4891631	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3531202	OtherCostOrOtherBasis
Depreciation	2292147	Depreciation
Book Value	1239055	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7684032	OtherCostOrOtherBasis
Depreciation	5809596	Depreciation
Book Value	1874436	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	9448559	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	MEMBER SHARES	Description
Amount	$343,214,677	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	343214677	TotalOfAmounts

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
MARIE SHRAKE
193295	6838	200133
RONALD MOOREHEAD
158554	6326	164880
BEN HEYWARD
347793	16500	364293

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS	FORM 990, PAGE 1, PART I, LINE 6	THE VOLUNTEERS FORM THE SUPERVISORY COMMITTEE WHICH OVERSEAS THE ELECTION OF THE BOARD OF DIRECTORS AND ALSO REVIEWS THE AUDITS.
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	CREDIT UNION MEMBERSHIP IS OPEN TO THOSE WHO QUALIFY FOR MEMBERSHIP, APPLY FOR MEMBERSHIP, AND ARE APPROVED FOR MEMBERSHIP.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	YES THERE IS A PROCESS FOR THE ELECTION OF MEMBERS. THE MEMBER MUST FIRST MEET CERTAIN REQUIREMENTS SUCH AS LENGTH OF TIME OF MEMBERSHIP, UNDERSTANDING OF HOW A CREDIT UNION WORKS, AND THE SERVICES OFFERED. THEY ARE THEN ELECTED TO NOMINATION BY A NOMINATING COMMITTEE OF 3 PEOPLE AFTER BEING EVALUATED BY THE COMMITTEE. THE MEMBER MUST THEN BE VOTED ONTO THE CREDIT UNIONS BOARD OF DIRECTORS BY OTHER MEMBERS.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	YES, CERTAIN DECISIONS WOULD BE APPROVED BY MEMBERSHIP.
OFFICERS WHO CANNOT BE REACHED	FORM 990, PAGE 6, PART VI, LINE 9	MARIE SHRAKE GINGER CHOUINARD
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 REVIEWED AT REGULARLY SCHEDULED BOARD MEETING.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	YES, THE ENFORCEMENT OF A CONFLICTS OF INTEREST POLICY IS ACTIVELY CARRIED OUT BY THE ORGANIZATION. THE POLICY IS PRINTED IN THE EMPLOYEE HANDBOOK AND IS ALSO INTEGRATED INTO THE BOARD OF DIRECTORS POLICIES.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	YES, COMPENSATION FOR TOP OFFICALS IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. IN ADDITION, CREDIT UNION USES COMPENSATION COMMITTEE AND COMPENSATION SURVEY.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	YES, COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL BY CEO AND VP OF HUMAN RESOURCES. SALARY SURVEYS ARE USED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE BOOKS ARE AVAILABLE TO THE PUBLIC TO REVIEW UPON REQUEST. THE CALL REPORT IS ALSO OPEN TO THE PUBLIC TO REVIEW AND IS PUBLUSHED ON THE NCUA WEBSITE. THE CURRENT MONTHS STATEMENT OF FINANCIAL POSITION IF HUNG IN THE LOBBY OF EACH BRANCH.

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	C U USER INC	BusinessNameLine1
Business Name Line2	C U USER INC	BusinessNameLine2

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	601 TIJERAS NW	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	87102	ZIPCode

Field	Value	IRS element (for citing)
EIN	850321660	EIN
Primary Activity	INS. SALES	PrimaryActivity
Legal Domicile State	NM	LegalDomicileState
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Type Of Entity	C CORP	TypeOfEntity
Share Of Total Income	37797	ShareOfTotalIncome
Share Of EOY Assets	473274	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg