2011-10-12T15:00:03-05:00 2010-12-31 BARRACLOUGH & ASSOCIATES PC PO BOX 1847 SANTA FE NM 87504 990 2010-01-01 856010733 STATE EMPLOYEES CREDIT UNION OF NM STAT 5059543403 813 ST MICHAELS DRIVE SANTA FE NM 87505 HAROLD K DIXON 5059543403 2011-10-07 1 JOHN E BARRACLOUGH JR CPA 5059833387 2010 2016-03-07 17:11:31Z HAROLD K DIXON 813 ST MICHAELS DR SANTA FE NM 87505 23431600 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 7 143 0 0 0 0 0 20569295 20834035 807919 1358619 1199065 0 22576279 22192654 0 0 0 0 5889024 6448402 0 0 0 13400421 12303971 19289445 18752373 3286834 3440281 268288161 285337307 246560789 261227175 21727372 24110132 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 1 0 0 0 1 0 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 18804 0 1 143 1 0 0 0 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 184807 0 120156 DWAYNE HERRERA 40.00 X 119910 0 0 PHILLIP J TORRES 40.00 X 68256 0 0 EMILIO ATENCIO 40.00 X 77433 0 0 DEBBIE SPARKS 40.00 X 70393 0 0 RICHARD SCHAEFER 40.00 X 97133 0 0 DEBRA FERRELL 40.00 X 91095 0 0 709027 0 120156 2 0 1 0 PRESBYTERIAN HEALTH PLAN 2501 BUENA VISTA SE ALBUQUERQUE NM 87106 HEALTH CARE INSURANCE 809206 CUNA MUTUAL GROUP 5910 MINERAL POINT RD MADISON WI 53701 INSURANCE & SERVICES 550000 BANCVUE 4516 SETON CENTER PARKWAY STE 300 AUSTIN TX 78759 ADVERTISING 175803 DATAPRINT LLC 5201 VENICE AVE NE STE E ALBUQUERQUE NM 87113 MAILING SERVICES 159268 JIM DIXON CONSTRUCTION 280 DEL NORTE COURT BOSQUE FARMS NM 87068 REMODELING 114073 5 LOAN INCOME 522100 14568274 14568274 FEE INCOME 522100 5910545 5910545 NON-INTEREST INCOME 522100 355216 355216 20834035 1349423 1349423 1248142 1238946 9196 9196 9196 22192654 22192654 0 0 709027 3790743 749841 835467 363324 688192 558154 542969 461770 67365 1895 551136 90192 DIVIDENDS PAID TO MEMBE 3897004 PROVISION FOR LOAN LOSS 3000000 OPERATING FEES 1372178 NCUA INSURANCE ASSESSME 649100 LOAN SERVICING 257874 166142 18752373 12183094 11833653 898100 843521 827984 920353 195038870 204283072 8778990 2855856 6291096 5923134 41363761 50747079 4704965 3234000 6980291 7552495 268288161 285337307 1981270 4007475 244579519 257219700 246560789 261227175 X 0 0 0 0 21727372 24110132 21727372 24110132 268288161 285337307 X 3440281 -1057521 X X 0 1 1 X 0 1287790 1287790 3630879 825908 2804971 1541738 494775 1046963 2318583 1535173 783410 5923134 SHARES AND DEPOSITS 257219700 257219700 22192654 18752373 3440281 -651054 -406467 -1057521 2382760 22192654 0 22192654 0 22192654 18752373 0 18752373 0 18752373 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NO UNCERTAIN TAX POSITIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN DEFINED BENEFIT PENSION PLAN OBLIGATION 1 X X 0 1 0 HAROLD K DIXON 179627 0 5180 0 0 0 120156 0 0 0 304963 0 202605 0 LORENCITA LUJAN MORTGAGE X 98376 88706 0 1 1 LORENCITA LUJAN SHARE SECURED X 2072 1089 0 1 1 JERRY RAEL LOC X 22400 22642 0 1 1 JERRY RAEL NEW VEHICLE X 36155 32023 0 1 1 ROSEMARY WICKARD UNSECURED X 16062 13438 0 1 1 EMILIO ATENCIO LOC X 15000 5016 0 1 1 EMILIO ATENCIO NEW VEHICLE X 49569 46174 0 1 1 EMILIO ATENCIO RV X 35625 34302 0 1 1 HAROLD K DIXON USED VEHICLE X 10453 5739 0 1 1 HAROLD K DIXON HELOC X 55000 10000 0 1 1 ANDREW CHAVEZ USED VEHICLE X 14006 5759 0 1 1 ANDREW CHAVEZ NEW VEHICLE X 31765 22216 0 1 1 GREG CHAVEZ USED VEHICLE X 20324 18084 0 1 1 MICHAEL DURAN MORTGAGE X 233091 214214 0 1 1 MICHAEL DURAN UNSECURED X 4000 2138 0 1 1 MICHAEL DURAN USED VEHICLE X 17127 15327 0 1 1 PAMELA GONZALES MOTORCYCLE X 38000 29482 0 1 1 PAMELA GONZALES CD SECURED X 106835 104859 0 1 1 PAMELA GONZALES UNSECURED X 10000 9059 0 1 1 PAMELA GONZALES OTHER SECURED X 71486 70729 0 1 1 DEBRA FERRELL SECOND MORTGAGE X 32000 25305 0 1 1 DEBRA FERRELL USED VEHICLE X 6500 5974 0 1 1 DWAYNE HERRERA USED VEHICLE X 24000 22109 0 1 1 RICHARD SCHAEFER MORTGAGE X 135000 115969 0 1 1 920353 JIM DIXON BROTHER OF PRESIDENT 114073 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 LOSSES ON INVESTMENTS: -651,054. CHANGE IN DEFINED BENEFIT PENSION PLAN OBLIGATION -406,467. TOTAL TO FORM 990, PART XI, LINE 5: -1,057,521. THE SUPERVISORY COMMITTEE SELECTS THE INDEPENDENT AUDITING FIRM AND REVIEWS THE AUDITING FINANCIAL STATEMENTS WITH OUTSIDE ACCOUTING FIRM.