Nonprofit · EIN 85-6010427
CREDIT UNIONS IN THE STATE OF NEW MEXICO
Also known as LOCO CREDIT UNION
Tax-exempt · ALAMOGORDO, NM 88311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,896,712 | $4,216,885 | -$320,173 | $62,115,746 | $53,742,583 | $8,373,163 |
| December 31, 2023 | 990 | $3,995,477 | $3,981,773 | $13,704 | $65,849,910 | $57,156,574 | $8,693,336 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,602,511
- Investment income
- $529,922
- Other revenue
- $764,279
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $214,138
- Other salaries and wages
- $589,273
- Salaries, compensation and benefits (total)
- $1,011,128
- Professional fundraising fees
- $0
- Legal fees
- $24,613
- Accounting fees
- $35,854
- Occupancy
- $84,363
- Depreciation
- $180,485
- Program services (functional)
- $4,216,885
Balance sheet and other
- Total assets, start of year
- $65,849,910
- Total assets, end of year
- $62,115,746
- Total liabilities, end of year
- $53,742,583
- Net assets, end of year
- $8,373,163
- Land, buildings and equipment
- $1,364,847
- Gross unrelated business income
- $46,430
- Gross receipts
- $3,896,712
- Employees
- 21
- Volunteers
- 7
- Year formed
- 1953
- 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 |
|---|---|---|---|
| DEANNA SCHLENSIG | CEO/TREASURER Trustee or director, Officer | 40 | $112,291 |
| RITA SAIZA | CFO Officer, Highest-paid employee | 40 | $101,847 |
| GERALD WHEELER | CHAIR Trustee or director, Officer | 2 | $0 |
| DAVE OLSEN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| SUSAN KENT | BOARD MEMBER Trustee or director, Officer | 2 | $0 |
| DAVID JOHNSON | BOARD MEMBER Trustee or director | 2 | $0 |
| GEORGE WRIGHT | BOARD MEMBER Trustee or director | 2 | $0 |
| TAMMY VALDEZ | BOARD MEMBER Trustee or director | 2 | $0 |
| MARY GOLDSMITH | MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAM VEGA | FORMER CEO Trustee or director, Officer, Former | 40 | $147,242 |
| DEANNA SCHLENSIG | CEO/TREASURER Officer, Key employee, Highest-paid employee | 40 | $73,013 |
| MARY GOLDSMITH | CHAIR Trustee or director, Officer | 2 | $0 |
| DAVE OLSEN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| SUSAN KENT | MEMBER Trustee or director, Officer | 2 | $0 |
| DAVID JOHNSON | MEMBER Trustee or director | 2 | $0 |
| GEORGE WRIGHT | MEMBER Trustee or director | 2 | $0 |
| TAMMY VALDEZ | MEMBER Trustee or director | 2 | $0 |
| GERALD WHEELER | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1743, ALAMOGORDO, NM 88311-1743
- In care of
- % LOCO CREDIT UNION
- Principal officer (990 for 2024)
- DEANNA SCHLENSIG, 808 WASHINGTON, ALAMOGORDO, NM 88310
- Signed the 990
- DEANNA SCHLENSIG, CEO
- Phone
- (575) 437-3110
- Return prepared by
- Greg R Schmidt CPA
Mission
PROVIDING DEPOSIT & LOAN PRODUCTS & SERVICES TO MEMBERS OF THE ORGANIZATION
Program accomplishments
- 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
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
- 85-6010427
- 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)
- $62,115,746
- Income (IRS master file)
- $3,896,712
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,896,712 | $4,216,885 | $62,115,746 | IRS |
| 990 | December 2023 | $3,995,477 | $3,981,773 | $65,849,910 | XML |
| 990 | December 2022 | $4,130,099 | $3,619,373 | $67,045,402 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 85-6010427).
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 85-6010427.
- 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 DEANNA SCHLENSIG.
- 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 9 people; 2 received compensation from the organization, the highest $112,291 (DEANNA SCHLENSIG, CEO/TREASURER).
- 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 $3,896,712, expenses of $4,216,885 and total assets of $62,115,746 at year end.
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