NonprofitsCredit Unions In The State Of New Mexico

Credit Unions In The State Of New Mexico

ALBUQUERQUE, NM

Total revenue

$68.2M

Total expenses

$65.6M

Net assets

$71.1M

Grants received

EIN

850102571

Tax year

2024

Mission

First financial credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members; at advantageous rates over those generally available from other banking sources.

Programs

2 programs

Fees and charges are assessed to members for financial services. These fees generate the revenue necessary to pay the costs to provide these services.

Earnings from the investments. The excess of funds received from members, over the amount loanded to members, as well as accumulated surplus, is invested in securities allowed by the ncua, and the credit union's governing documents.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$62.3M
Investment income$5.9M
Other revenue
Total revenue$68.2M

Expenses

Grants paid
Salaries & benefits$27.2M
Fundraising
Other expenses$38.4M
Total expenses$65.6M
Total assets$916.6M
Net assets$71.1M

People

17 listed

NameRoleCompensation

RONALD MOOREHEAD

PRESIDENT/CE

Board

$1.3M

45 hrs/wk

KAREN ORTIZ

EVP/COO

Board

$633K

45 hrs/wk

VINCENT ESPARAZA

DIRECTOR

Board

5 hrs/wk

CYNTHIA FROST

1ST VICE CHA

Board

5 hrs/wk

RICK GOSHORN

SECRETARY/TR

Board

5 hrs/wk

CASSIE KELLEY

EX-OFFICER

Board

5 hrs/wk

STEWART LOGAN

2ND VICE CHA

Board

5 hrs/wk

BOYD MILLER

EMERITUS DIR

Board

5 hrs/wk

LORETTA MONTOYA

CHAIRPERSON

Board

5 hrs/wk

IVA NELSON

DIRECTOR

Board

5 hrs/wk

VANESSA RAGSDALE

DIRECTOR

Board

5 hrs/wk

MELISSA WAUNEKA

DIRECTOR

Board

5 hrs/wk

STEVE COFFEY

CIO

Staff

$355K

45 hrs/wk

CHRIS SAMBORSKI

CLO

Staff

$313K

45 hrs/wk

YVONNE ALANIZ-CARPE

CFO

Staff

$258K

45 hrs/wk

DENNIS HOUSTON

CSO

Staff

$249K

45 hrs/wk

STORMY BARRETT

VP BRANCH OF

Staff

$196K

45 hrs/wk

Independent contractors

LAMACCHIA GROUP

CONTRACTORS

$4.0M

ALKAMI

ONLINE PLATFORM

$1.3M

CU ANYTIME LLC

ATM & COINS

$928K

JACK HENRY ASSOCIATES

PMT. PROCESSING

$806K

FIS GLOBAL

CR/DB CARDS

$756K

Details

EIN850102571
Subsection14
Ruling date1973-01
Formed1937
Employees283
Volunteers12
CREDIT UNIONS IN THE STATE OF NEW MEXICO — Mission, Financials & Grants Received | Grantivo