Nonprofit · EIN 23-7253091
CREDIT UNIONS IN THE STATE OF NEW MEXICO
Also known as CUBA CREDIT UNION
Tax-exempt · CUBA, NM 87013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,238,319 | $888,037 | $350,282 | $22,319,604 | $18,463,751 | $3,855,853 |
| December 31, 2023 | 990 | $1,133,870 | $751,085 | $382,785 | $21,559,513 | $18,053,941 | $3,505,572 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $585,504
- Investment income
- $645,254
- Net gain from sales of assets
- -$4,572
- Other revenue
- $7,561
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $91,434
- Other salaries and wages
- $178,605
- Salaries, compensation and benefits (total)
- $307,518
- Professional fundraising fees
- $0
- Legal fees
- $5,165
- Accounting fees
- $14,794
- Occupancy
- $23,942
- Depreciation
- $4,697
Balance sheet and other
- Total assets, start of year
- $21,559,513
- Total assets, end of year
- $22,319,604
- Total liabilities, end of year
- $18,463,751
- Net assets, end of year
- $3,855,853
- Land, buildings and equipment
- $294,052
- Gross unrelated business income
- $2,782
- Gross receipts
- $1,242,891
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1972
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHONDA JACQUEZ | CEO Officer | 40 | $91,434 |
| MARTIN HERRERA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WALTER TAYLOR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JACK NELSON | TREASURER Trustee or director, Officer | 1 | $0 |
| VALENTIN MCCOY | MEMBER Trustee or director | 1 | $0 |
| JOSEPHINE VELARDE | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| RHONDA JACQUEZ | CEO Officer | 40 | $0 | $86,234 |
| MARTIN HERRERA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| WALTER TAYLOR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JACK NELSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| VALENTIN MCCOY | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1660, CUBA, NM 87013-1660
- Principal officer (990 for 2024)
- RHONDA JACQUEZ, PO BOX 1660, CUBA, NM 87013
- Signed the 990
- RHONDA JACQUEZ, MANAGER/CEO
- Phone
- (505) 289-3763
- Website
- WWW.CUBACREDITUNION.ORG
- Return prepared by
- PARKS & COMPANY PLC
Mission
SEE PART I, LINE 1
Program accomplishments
- THE CREDIT UNION PROVIDED ITS MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS.
- THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $156,300 TO ITS MEMBERS IN THE FORM OF DIVIDENDS.
- THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $350,000.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7253091
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2397: CREDIT UNIONS IN THE STATE OF NEW MEXICO
- Assets (IRS master file)
- $22,319,604
- Income (IRS master file)
- $1,242,891
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,238,319 | $888,037 | $22,319,604 | XML |
| 990 | December 2023 | $1,133,870 | $751,085 | $21,559,513 | XML |
| 990 | December 2022 | $778,879 | $643,547 | $22,163,951 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7253091).
Questions about CREDIT UNIONS IN THE STATE OF NEW MEXICO
- What is the EIN of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF NEW MEXICO is 23-7253091.
- Is CREDIT UNIONS IN THE STATE OF NEW MEXICO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1973.
- Are donations to CREDIT UNIONS IN THE STATE OF NEW MEXICO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF NEW MEXICO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF NEW MEXICO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF NEW MEXICO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 names RHONDA JACQUEZ.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $91,434 (RHONDA JACQUEZ, CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,238,319, expenses of $888,037 and total assets of $22,319,604 at year end.
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