2024-07-11T08:11:55-07:00 2023-12-31 Greg R Schmidt CPA 26 Cypress Pt Amarillo TX 79124 990 2023-01-01 856010427 LOCO CREDIT UNION LOCO 5754373110 PO BOX 1743 ALAMOGORDO NM 88311 DEANNA SCHLENSIG CEO 5754373110 2024-06-24 true DEANNA SCHLENSIG XXX-XX-XXXX true Greg R Schmidt CPA P00850502 8552759297 2024-07-11 X 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z DEANNA SCHLENSIG 808 WASHINGTON ALAMOGORDO NM 88310 3995477 false X N/A X 1953 NM PROVIDING DEPOSIT & LOAN PRODUCTS & SERVICES TO MEMBERS OF THE ORGANIZATION 7 7 22 7 106030 0 0 2718184 2567696 387722 522791 1024193 904990 4130099 3995477 0 0 1342249 1394547 0 0 2277124 2587226 3619373 3981773 510726 13704 67045402 65849910 57664365 57156574 9381037 8693336 PROVIDING DEPOSIT & LOAN PRODUCTS & SERVICES TO MEMBERS OF THE ORGANIZATION false false THE CREDIT UNION PROVIDED MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT COMPETETIVE RATES THE CREDIT UNION RETURNED EARNINGS OF CLOSE TO $365,000 TO ITS MEMBERS IN THE FORM OF DIVIDENDS THE CREDIT UNION INCRESED ITS MEMBER EQUITY POSITION BY APPROXIMATELY $996,000 DURING 2020 false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 975 0 22 true true true false false false false false X 7 7 false false false false true true false true false false false true true true true false true true true false X DEANNA SCHLENSIG 5754373110 808 WASHINGTON AVE ALAMOGORDO NM 88310 MARY GOLDSMITH CHAIR 2.00 X X 0 0 0 DAVE OLSEN VICE CHAIR 2.00 X X 0 0 0 SUSAN KENT MEMBER 2.00 X X 0 0 0 DAVID JOHNSON MEMBER 2.00 X 0 0 0 GEORGE WRIGHT MEMBER 2.00 X 0 0 0 TAMMY VALDEZ MEMBER 2.00 X 0 0 0 GERALD WHEELER MEMBER 2.00 X 0 0 0 PAM VEGA FORMER CEO 40.00 X X X 147242 0 0 DEANNA SCHLENSIG CEO/TREASURER 40.00 X X X 73013 0 0 220255 0 0 1 true false false INTEREST ON LOANS 522100 2567696 0 0 2567696 522791 0 0 FEES AND CHARGES 522100 880713 774683 106030 0 OTHER GAINS 522100 24277 24277 0 0 904990 3995477 3889447 106030 0 220255 220255 0 0 853045 853045 0 0 64944 64944 0 0 175817 175817 0 0 80486 80486 0 0 119722 119722 0 0 105479 105479 0 0 121348 121348 0 0 67508 67508 0 0 173976 173976 0 0 285997 285997 0 0 74328 74328 0 0 8569 8569 0 0 36791 36791 0 0 185424 185424 0 0 51038 51038 0 0 LOAN SERVICING 66320 66320 0 0 DEBIT & CREDIT CARD SERVICES 101146 101146 0 0 LOAN LOSS PROVISION 308230 308230 0 0 DIVIDENDS PAID 621628 621628 0 0 259722 259722 0 0 3981773 3981773 0 0 1154784 934565 37099711 34079619 40008 62527 38138 25981442 27390429 173845 124524 3349093 1839762 1699983 1509331 833102 1773304 67045402 65849910 627487 2103423 57036878 55053151 57664365 57156574 X 9381037 8693336 9381037 8693336 67045402 65849910 X 13704 -701405 X false false false 0 61844 61844 2683244 1327776 1355468 604005 511986 92019 1509331 MEMBER SHARES 55053151 55053151 false false false PAM VEGA 147242 0 0 0 0 0 0 0 0 0 147242 0 0 0 GEORGE WRIGHT BOARD MISC X 14000 11960 false true true PAM VEGA FORMER CEO MISC X 78447 26178 false true true 38138 Pt VI, Line 6 ALL ACCOUNTHOLDERS ARE MEMBER OWNERS OF THE CREDIT UNION Pt VI, Line 7a THE MEMBER OWNERS VOTE TO ELECT OR REPLACE MEMBERS OF THE BOARD Pt VI, Line 8b THE GOVERNING BODY DOES NOT DELEGATE AUTHORITY TO ANY COMMITTES Pt VI, Line 11b THE CEO PROVIDES A COPY OF THE 990 TO THE BOARD FOR REVIEW Pt VI, Line 12c BOARD MEMBERS AND KEY EMPLOYEES MUST SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY Pt VI, Line 15a THE BOARD REVIEWS THE CEOS PERFORAMNCE ANNUALLY Pt VI, Line 15b THE CEO REVIEWS THE PERFORMANCE OF KEY EMPLOYEES ANNUALLY Pt XI CECL ADJUSTMENT POSTED TO UNDIVIDED EARNINGS