Nonprofit · EIN 85-0123266
CREDIT UNIONS IN THE STATE OF NEW MEXICO
Also known as ARTESIA SCHOOL EMPLOYEES
Tax-exempt · ARTESIA, NM 88210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,789,372 | $6,676,644 | $2,112,728 | $156,960,977 | $133,488,831 | $23,472,146 |
| December 31, 2023 | 990 | $6,977,196 | $5,476,023 | $1,501,173 | $148,126,258 | $127,086,914 | $21,039,344 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,868,442
- Investment income
- $920,930
- Net gain from sales of assets
- -$13,995
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $464,757
- Other salaries and wages
- $744,161
- Salaries, compensation and benefits (total)
- $1,580,091
- Professional fundraising fees
- $0
- Legal fees
- $2,688
- Accounting fees
- $21,622
- Occupancy
- $55,025
- Depreciation
- $127,182
Balance sheet and other
- Total assets, start of year
- $148,126,258
- Total assets, end of year
- $156,960,977
- Total liabilities, end of year
- $133,488,831
- Net assets, end of year
- $23,472,146
- Land, buildings and equipment
- $2,573,225
- Gross unrelated business income
- $25,877
- Gross receipts
- $8,908,722
- Employees
- 21
- Volunteers
- 10
- Year formed
- 1955
- 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 |
|---|---|---|---|
| RONALD JOHNSTON | CEO Officer | 40 | $279,090 |
| STUART JOHNSTON | VP Officer | 40 | $185,667 |
| KAREN RAPP | CFO Officer | 40 | $183,954 |
| MICHAEL ANDERSON | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN TAYLOR | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CAMILLE GEORGE | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHERIE WIDMAYER | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 |
| ALLEN WILLARD | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD JOHNSTON | CEO Officer | 40 | $279,965 |
| STUART JOHNSTON | VP Officer | 40 | $170,021 |
| KAREN RAPP | CFO Officer | 40 | $139,029 |
| MICHAEL ANDERSON | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN TAYLOR | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CAMILLE GEORGE | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHERIE WIDMAYER | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 |
| ALLEN WILLARD | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 210 N 5TH ST, ARTESIA, NM 88210-2000
- Principal officer (990 for 2024)
- KAREN RAPP, 210 NORTH 5TH AVE, ARTESIA, NM 88210
- Signed the 990
- KAREN RAPP, CFO
- Phone
- (575) 748-9779
- Website
- WWW.ARTESIACU.ORG
- Return prepared by
- PARKS & COMPANY PLC
Mission
SEE PART I, NUMBER 1.
Program accomplishments
- THE CREDIT UNION ISSUED 1,326 LOANS TO MEMBERS DURING THE YEAR ENDED DECEMBER 31, 2024.
- 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.
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
- 85-0123266
- 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)
- $156,960,977
- Income (IRS master file)
- $8,908,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,789,372 | $6,676,644 | $156,960,977 | IRS |
| 990 | December 2023 | $6,977,196 | $5,476,023 | $148,126,258 | XML |
| 990 | December 2022 | $5,385,099 | $3,764,571 | $139,752,827 | 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 85-0123266).
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 85-0123266.
- 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 KAREN RAPP.
- 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 8 people; 3 received compensation from the organization, the highest $279,090 (RONALD JOHNSTON, 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 $8,789,372, expenses of $6,676,644 and total assets of $156,960,977 at year end.
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