NonprofitsCredit Unions In The State Of New Mexico

Credit Unions In The State Of New Mexico

ARTESIA, NM

Total revenue

$8.8M

Total expenses

$6.7M

Net assets

$23.5M

Grants received

EIN

850123266

Tax year

2024

Mission

Encourage thrift among members, create a source of credit at a fair and reasonable rate of interest, and provide an opportunity for members to improve their economic condition.

Programs

2 programs

The credit union increased members equity by approximately $2,430,000 during the year ended december 31,2024.

Our lending staff counseled members on the importance of using credit responsibly.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$7.9M
Investment income$921K
Other revenue
Total revenue$8.8M

Expenses

Grants paid
Salaries & benefits$1.6M
Fundraising
Other expenses$5.1M
Total expenses$6.7M
Total assets$157.0M
Net assets$23.5M

People

8 listed

NameRoleCompensation

RONALD JOHNSTON

CEO

Board

$279K

40 hrs/wk

STUART JOHNSTON

VP

Board

$186K

40 hrs/wk

KAREN RAPP

CFO

Board

$184K

40 hrs/wk

CHERIE WIDMAYER

VICE-PRESIDENT

Board

2 hrs/wk

MICHAEL ANDERSON

DIRECTOR

Board

2 hrs/wk

ALLEN WILLARD

DIRECTOR

Board

2 hrs/wk

BRIAN TAYLOR

PRESIDENT

Board

2 hrs/wk

CAMILLE GEORGE

SECRETARY

Board

2 hrs/wk

Details

EIN850123266
Subsection14
Ruling date1973-01
Formed1955
Employees21
Volunteers10
CREDIT UNIONS IN THE STATE OF NEW MEXICO — Mission, Financials & Grants Received | Grantivo