Nonprofit · EIN 85-0161632
QUESTA CREDIT UNION
Tax-exempt · QUESTA, NM 87556
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,120,369 | $1,490,193 | $630,176 | $25,807,026 | $20,888,209 | $4,918,817 |
| December 31, 2023 | 990 | $1,649,711 | $954,290 | $695,421 | $23,308,571 | $19,019,930 | $4,288,641 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $170,842
- of which government grants
- $170,842
- Program service revenue
- $1,597,390
- Investment income
- $344,212
- Other revenue
- $7,925
Expenses
- Grants and similar amounts paid
- $170,842
- Compensation of officers, directors and key employees
- $90,000
- Other salaries and wages
- $213,097
- Salaries, compensation and benefits (total)
- $369,341
- Professional fundraising fees
- $0
- Accounting fees
- $18,000
- Occupancy
- $10,741
- Travel
- $1,050
- Depreciation
- $49,740
- Program services (functional)
- $1,490,193
Balance sheet and other
- Total assets, start of year
- $23,308,571
- Total assets, end of year
- $25,807,026
- Total liabilities, end of year
- $20,888,209
- Net assets, end of year
- $4,918,817
- Land, buildings and equipment
- $706,491
- Gross receipts
- $2,120,369
- Employees
- 8
- Volunteers
- 7
- Year formed
- 1959
- 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 | Other / benefits |
|---|---|---|---|---|
| KATHERINE FLORY | MANAGER Officer | 40 | $90,000 | $9,000 |
| MALAQUIAS RAEL | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| MICHELLE SPEARS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA RAEL VIGIL | SECRETARY TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GERALDINE TAFOYA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN TORRES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSE LOVATO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONALD GALLEGOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHERINE FLORY | MANAGER Officer | 40 | $81,052 | $7,716 |
| MALAQUIAS RAEL | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| MICHELLE SPEARS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA RAEL VIGIL | SECRETARY TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NADINE HERRERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN TORRES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSE LOVATO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONALD GALLEGOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2433 HWY 522, QUESTA, NM 87556-0000
- In care of
- % KATHERINE FLORY
- Principal officer (990 for 2024)
- KATHERINE FLORY, 2433 HIGHWAY 522, QUESTA, NM 87556
- Signed the 990
- KATHERINE FLORY, MANAGER
- Phone
- (505) 263-5796
- Website
- QUESTACREDITUNION.ORG
- Return prepared by
- Edwards & Associates LLC
Mission
THE CREDIT UNION IS FOCUSED ON PROMOTING THRIFT AMONG ITS MEMBERS BY CREATING A SOURCE OF CREDIT THAT PROVIDES REASONABLE INTEREST RATES FOR LOANS AND DEPOSIT ACCOUNTS THAT OFFER HIGHER DIVIDEND RATES IN THE LOCAL MARKET
Program accomplishments
- THE CREDIT UNION INCREASED THE VALUE OF MEMBERS EQUITY BY APPROXIMATELY $600,0000
- THE CREDIT UNION ISSUED 529 LOANS WITH A COMBINED TOTAL OF $7,692,7500
- THE CREDIT UNION ISSUED TO MEMBERS DURING 2022 DIVIDENDS TOTALING $13,9820
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
- 85-0161632
- 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)
- $25,807,026
- Income (IRS master file)
- $2,120,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,120,369 | $1,490,193 | $25,807,026 | XML |
| 990 | December 2023 | $1,649,711 | $954,290 | $23,308,571 | XML |
| 990 | December 2022 | $1,083,528 | $687,224 | $19,209,554 | 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 85-0161632).
Questions about QUESTA CREDIT UNION
- What is the EIN of QUESTA CREDIT UNION?
- The employer identification number (EIN) of QUESTA CREDIT UNION is 85-0161632.
- Is QUESTA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1973.
- Are donations to QUESTA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does QUESTA CREDIT UNION 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 QUESTA CREDIT UNION 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 QUESTA CREDIT UNION 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 QUESTA CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KATHERINE FLORY.
- Who are the officers and directors of QUESTA CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $90,000 (KATHERINE FLORY, MANAGER).
- How much revenue does QUESTA CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,120,369, expenses of $1,490,193 and total assets of $25,807,026 at year end.
Other nonprofits in QUESTA
- QUESTA ECONOMIC DEVELOPMENT FUND EIN 26-3726962 · last filed 990-PF for 2025
- LOCALOGY EIN 26-2078285 · last filed 990 for 2025
- ARTESANOS DE QUESTA EIN 85-0427687 · last filed 990-N for 2025
- QUESTA YOUTH SPORTS LEAGUE EIN 81-4445049 · last filed 990-N for 2025
- NORTHERN NEW MEXICO FRIENDS OF ANIMALS INC EIN 46-1315453 · last filed 990-N for 2025
- VIDA DEL NORTE EIN 86-1649998 · last filed 990-N for 2021
- FRIENDS OF QUESTA PUBLIC LIBRARY EIN 27-4549171 · last filed 990-N for 2025
- KNIGHTS OF COLUMBUS EIN 47-5386337 · last filed 990-N for 2025