Nonprofit · EIN 85-0234701
BELEN RAILWAY EMPLOYEES CREDIT UNION
Tax-exempt · BELEN, NM 87002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,953,613 | $4,012,078 | $941,535 | $75,361,731 | $67,297,524 | $8,064,207 |
| December 31, 2024 | 990 | $4,125,105 | $3,561,152 | $563,953 | $73,134,762 | $65,868,751 | $7,266,011 |
| December 31, 2023 | 990 | $3,274,320 | $3,362,989 | -$88,669 | $63,728,797 | $57,344,616 | $6,384,181 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,288,394
- Investment income
- $658,212
- Other revenue
- $7,007
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $136,365
- Other salaries and wages
- $738,179
- Salaries, compensation and benefits (total)
- $1,077,102
- Professional fundraising fees
- $0
- Legal fees
- $1,749
- Accounting fees
- $44,642
- Occupancy
- $90,298
- Depreciation
- $63,538
- Program services (functional)
- $4,012,078
Balance sheet and other
- Total assets, start of year
- $73,134,762
- Total assets, end of year
- $75,361,731
- Total liabilities, end of year
- $67,297,524
- Net assets, end of year
- $8,064,207
- Land, buildings and equipment
- $1,833,032
- Gross unrelated business income
- $47,878
- Gross receipts
- $4,953,613
- Employees
- 17
- Volunteers
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Soto | CEO Key employee, Highest-paid employee | 40 | $136,365 |
| Horacio R Padilla | Chairperson Trustee or director, Officer | 1 | $0 |
| Wayne Gallegos | Vice Chairperson Trustee or director, Officer | 1 | $0 |
| Theresa Chavez | Board Secretary Trustee or director, Officer | 1 | $0 |
| Jim Davis | Board Treasurer Trustee or director, Officer | 1 | $0 |
| Amy Shields | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gerry Troyer | CEO Officer | 40 | $128,118 |
| Matthew Soto | EVP Highest-paid employee | 40 | $114,741 |
| Horacio R Padilla | Chairperson Trustee or director, Officer | 1 | $0 |
| Wayne Gallegos | Vice Chairperson Trustee or director, Officer | 1 | $0 |
| Theresa Chavez | Board Secretary Trustee or director, Officer | 1 | $0 |
| Jim Davis | Board Treasurer Trustee or director, Officer | 1 | $0 |
| Amy Shields | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gerry Troyer | CEO Trustee or director, Highest-paid employee | 40 | $114,832 |
| Horacio R Padilla | Chairperson Trustee or director, Officer | 1 | $0 |
| James J Knecht | Vice Chairperson Trustee or director, Officer | 1 | $0 |
| Jim Davis | Board Treasurer Trustee or director, Officer | 1 | $0 |
| Amy Shields | Board Member Trustee or director | 1 | $0 |
| Theresa Aguilar | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 N 6TH ST, BELEN, NM 87002-3708
- Principal officer (990 for 2025)
- Gerry Troyer, 300 N 6th, Belen, NM 87002
- Signed the 990
- Matthew Soto, CEO
- Phone
- (505) 864-4740
- Return prepared by
- Greg R Schmidt CPA
Mission
New Mexico state chartered credit union providing financial services to its members as provided
Program accomplishments
- State chartered credit union providing financial services to its members as provided by the New Mexico Credit Union Act.
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 | 990 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
- 85-0234701
- 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)
- $75,361,731
- Income (IRS master file)
- $4,953,613
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,953,613 | $4,012,078 | $75,361,731 | XML |
| 990 | December 2024 | $4,125,105 | $3,561,152 | $73,134,762 | XML |
| 990 | December 2023 | $3,274,320 | $3,362,989 | $63,728,797 | XML |
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 85-0234701).
Questions about BELEN RAILWAY EMPLOYEES CREDIT UNION
- What is the EIN of BELEN RAILWAY EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of BELEN RAILWAY EMPLOYEES CREDIT UNION is 85-0234701.
- Is BELEN RAILWAY EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1973.
- Are donations to BELEN RAILWAY EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BELEN RAILWAY EMPLOYEES 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 BELEN RAILWAY EMPLOYEES CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BELEN RAILWAY EMPLOYEES CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BELEN RAILWAY EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Gerry Troyer.
- Who are the officers and directors of BELEN RAILWAY EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $136,365 (Matthew Soto, CEO).
- How much revenue does BELEN RAILWAY EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,953,613, expenses of $4,012,078 and total assets of $75,361,731 at year end.
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- VALENCIA FAIR MANAGEMENT CO INC EIN 85-0424433 · last filed 990 for 2025
- TIERRA GRANDE IMPROVEMENT ASSOCIATION INC EIN 85-0229393 · last filed 990 for 2025
- NMBRA EIN 84-3260411 · last filed 990 for 2025
- NEW MEXICO SCHOOL FOOD SERVICE ASSOC EIN 86-1015138 · last filed 990 for 2025
- GREATER BELEN CHAMBER OF COMMERCE EIN 85-0096567 · last filed 990-EZ for 2025
- THE COMMUNITY RESOURCE FUND EIN 81-3138628 · last filed 990-PF for 2025
- THROUGH THE FLOWER CORP EIN 95-3240695 · last filed 990 for 2025