Nonprofit · EIN 85-6011990
CREDIT UNIONS IN THE STATE OF NEW MEXICO
Also known as RINCONES PRESBYTERIAN CREDIT UNION
Tax-exempt · CHACON, NM 87713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $414,363 | $377,085 | $37,278 | $5,840,916 | $5,222,098 | $618,818 |
| December 31, 2024 | 990 | $334,864 | $335,366 | -$502 | $5,028,903 | $4,447,363 | $581,540 |
| December 31, 2023 | 990 | $319,528 | $295,528 | $24,000 | $5,260,258 | $4,678,216 | $582,042 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $334,795
- Investment income
- $16,516
- Other revenue
- $63,052
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,285
- Other salaries and wages
- $40,451
- Salaries, compensation and benefits (total)
- $112,533
- Professional fundraising fees
- $0
- Occupancy
- $16,071
- Travel
- $7,541
- Program services (functional)
- $377,085
Balance sheet and other
- Total assets, start of year
- $5,028,903
- Total assets, end of year
- $5,840,916
- Total liabilities, end of year
- $5,222,098
- Net assets, end of year
- $618,818
- Land, buildings and equipment
- $72,125
- Gross receipts
- $414,363
- Employees
- 3
- Volunteers
- 3
- Year formed
- 1961
- 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 |
|---|---|---|---|
| Nicolas Casados | President Officer | 1 | $0 |
| Arthur Romero | Vice President Officer | 1 | $0 |
| Shirley Sandoval | Board Member Officer | 1 | $0 |
| Jennie Fresques | Board Member Officer | 1 | $0 |
| Elizabeth Montoya | Secretary Officer | 1 | $0 |
| Alfrida Valencia | Manager Key employee | 40 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alfrida Valencia | Manager Key employee | 40 | $43,136 |
| Arthur Romero | President Trustee or director, Officer | 1 | $0 |
| Shirley Sandoval | Secretary Trustee or director, Officer | 1 | $0 |
| Jennie Fresquez | Treasurer Trustee or director, Officer | 1 | $0 |
| Elizabeth Montoya | Board Member Trustee or director | 1 | $0 |
| Nicolas Casados | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Arthur Romero | President Institutional trustee | 1 | $0 |
| Shirley Sandoval | Secretary Institutional trustee | 1 | $0 |
| Jennie Fresquez | Treasurer Institutional trustee | 1 | $0 |
| Elizabeth Montoya | Board Member Institutional trustee | 1 | $0 |
| Nicolas Casados | Board Member Institutional trustee | 1 | $0 |
| Alfrida Valencia in 2024 | Office Manager Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 149, CHACON, NM 87713-0149
- In care of
- % TERESA DURAN
- Principal officer (990 for 2025)
- Alfrida Valencia, HC 34 Box 1, Chacon, NM 87713
- Signed the 990
- Alfrida Valencia, Manager
- Phone
- (575) 387-6339
- Website
- www.facebook.com/rincones
- Return prepared by
- Dreams Come True Inc
Mission
Cooperative savings and lending to members
Program accomplishments
- Revenues earned and operational expenses incurred as a credit union financial institution.Expenses $377,085 · revenue $414,363
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
- 85-6011990
- 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)
- $5,840,916
- Income (IRS master file)
- $414,363
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $414,363 | $377,085 | $5,840,916 | XML |
| 990 | December 2024 | $334,864 | $335,366 | $5,028,903 | XML |
| 990 | December 2023 | $319,528 | $295,528 | $5,260,258 | XML |
| 990 | December 2022 | $304,903 | $268,922 | $4,971,196 | 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 85-6011990).
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 85-6011990.
- 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 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 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 2025.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2025 names Alfrida Valencia.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF NEW MEXICO?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CREDIT UNIONS IN THE STATE OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $414,363, expenses of $377,085 and total assets of $5,840,916 at year end.