Civic Intelligence

Jemez Valley Credit Union

990 • Fiscal year 2017 • EIN 85-0204263

Jan 01, 2017 to Dec 31, 2017 • Filed on May 20, 2018

PO Box 120Jemez Springs, NM 87025

(505) 829-3366

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.86x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

38th percentile

17.64x

Higher debt load relative to revenue than 38% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

72nd percentile

12%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$87,160

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Asset Growth

88th percentile

7.3%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

7.5%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$23,064,083

Up $1,576,283 (+7.3%) from 2016

Net Assets

Up

$3,204,444

Up $130,796 (+4.3%) from 2016

Liabilities

Up

$19,859,639

Up $1,445,487 (+7.8%) from 2016

Revenue

Up

$1,125,976

Up $78,516 (+7.5%) from 2016

Expenses

Up

$995,180

Up $110,536 (+12%) from 2016

Net Income

Down

$130,796

Down $32,020 (-20%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $16,203,308Liabilities 2010: $14,529,489Net Assets 2010: $1,673,8192010Assets 2011: $16,598,522Liabilities 2011: $14,619,782Net Assets 2011: $1,978,7402011Assets 2012: $17,170,335Liabilities 2012: $14,882,378Net Assets 2012: $2,287,9572012Assets 2013: $19,464,696Liabilities 2013: $16,923,081Net Assets 2013: $2,541,6152013Assets 2014: $20,870,920Liabilities 2014: $18,128,818Net Assets 2014: $2,742,1022014Assets 2015: $20,752,570Liabilities 2015: $17,833,975Net Assets 2015: $2,918,5952015Assets 2016: $21,487,800Liabilities 2016: $18,414,152Net Assets 2016: $3,073,6482016Assets 2017: $23,064,083Liabilities 2017: $19,859,639Net Assets 2017: $3,204,4442017Assets 2018: $24,049,859Liabilities 2018: $20,699,408Net Assets 2018: $3,350,4512018Assets 2019: $23,846,347Liabilities 2019: $20,367,073Net Assets 2019: $3,479,2742019Assets 2020: $27,996,214Liabilities 2020: $24,475,282Net Assets 2020: $3,520,9322020Assets 2021: $29,739,862Liabilities 2021: $26,089,129Net Assets 2021: $3,650,7332021Assets 2022: $30,432,862Liabilities 2022: $26,749,350Net Assets 2022: $3,683,5122022Assets 2023: $29,926,341Liabilities 2023: $26,221,729Net Assets 2023: $3,704,6122023Assets 2024: $28,227,963Liabilities 2024: $24,758,789Net Assets 2024: $3,469,1742024

Highlighted filing

2017

Assets$23,064,083
Liabilities$19,859,639
Net Assets$3,204,444

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $947,8252010Expenses 2011: $688,4872011Expenses 2012: $683,9172012Revenue 2013: $973,713Expenses 2013: $720,055Net Income 2013: $253,6582013Revenue 2014: $1,026,105Expenses 2014: $825,618Net Income 2014: $200,4872014Revenue 2015: $1,034,793Expenses 2015: $858,300Net Income 2015: $176,4932015Revenue 2016: $1,047,460Expenses 2016: $884,644Net Income 2016: $162,8162016Revenue 2017: $1,125,976Expenses 2017: $995,180Net Income 2017: $130,7962017Revenue 2018: $1,238,842Expenses 2018: $1,092,835Net Income 2018: $146,0072018Revenue 2019: $1,373,729Expenses 2019: $1,244,906Net Income 2019: $128,8232019Revenue 2020: $1,313,410Expenses 2020: $1,271,752Net Income 2020: $41,6582020Revenue 2021: $1,284,471Expenses 2021: $1,154,670Net Income 2021: $129,8012021Revenue 2022: $1,285,077Expenses 2022: $1,252,298Net Income 2022: $32,7792022Revenue 2023: $1,565,602Expenses 2023: $1,544,502Net Income 2023: $21,1002023Revenue 2024: $1,464,839Expenses 2024: $1,447,738Net Income 2024: $17,1012024

Highlighted filing

2017

Revenue$1,125,976
Expenses$995,180
Net Income$130,796
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 20, 2018
Return Version
2017v2.3
Gross Receipts
$1,125,976
Mission and Program Overview

Mission

Promote financial growth and development within our field of membership and create a source of credit for its members at legitimate rates of interest for provident and productive purposes.

Promote thrift and create a source of credit for approximately 1673 members

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,418,068$7,027,577▲ $2,609,509
Rtn Earn Endowment Incm Other Fnds$3,073,648$3,204,444▲ $130,796
Investments Other Securities$4,391,000$2,448,000▼ $1,943,000
Cash and Non-Interest-Bearing Accounts$268,423$252,718▼ $15,705
Land, Buildings, and Equipment, Net$91,179$73,887▼ $17,292
Prepaid Expenses and Deferred Charges$68,419$62,816▼ $5,603
Total Assets$21,487,800$23,064,083▲ $1,576,283
Other Assets Total$12,250,711$13,199,085▲ $948,374
Liabilities
Other Liabilities$18,309,828$19,761,446▲ $1,451,618
Accounts Payable and Accrued Expenses$104,324$98,193▼ $6,131
Total Liabilities$18,414,152$19,859,639▲ $1,445,487
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,073,648$3,204,444▲ $130,796
Total Liabilities and Net Assets / Fund Balance$21,487,800$23,064,083▲ $1,576,283

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,829$222,704$250,533
Equipment$18,759$219,441$238,200
Other Land Buildings-$87,028$87,028
Land$27,299-$27,299
Other Assets Org$47,132--
Other Securities$248,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christine TrujilloManager/CEOFT$87,160$87,160
Cody LewisAsst Mgr/Compliance OfficerFT$79,300$79,300

Board Members and Trustees

NameTitle
Bruce VinsonBoard President
Geraldine LorettoBoard Secretary
Cathy WisemanBoard Treasurer
Glenda WittDirector
Jim MarcantiDirector
Suzanne SwetnamDirector
Robert WilsonDirector/Board VP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,125,976
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$130,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,298
Salaries, Compensation, and Employee Benefits$434,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$214,215--$214,215
Current Officers, Directors, Trustees, and Key Employees$166,460--$166,460
Office Expenses$155,850--$155,850
Information Technology$43,319--$43,319
Fees for Services Other$42,444--$42,444
Insurance$28,056--$28,056
Payroll Taxes$27,472--$27,472
Advertising$23,212--$23,212
All Other Expenses$20,815--$20,815
Other Expenses$20,175--$20,175
Pension Plan Contributions$19,954--$19,954
Fees for Services Accounting$19,472--$19,472
Depreciation Depletion---$17,292
Fees for Services Legal$13,900--$13,900
Occupancy$12,365--$12,365
Travel$8,360--$8,360
Other Employee Benefits$6,781--$6,781
Fees for Service Investment Mgmnt Fees$4,168--$4,168
Total Functional Expenses$977,888$0$0$995,180
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$19,761,446
Member Accounts-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section Schedule B, Line Line 11B

The Form 990 and 990T was presented and reviewed at the May 2018 Board Meeting

Form 990, Part VI, Section C, Line 19

Upon request

Form 990, Part VI, Section A, Line 6, 7A, 7B

At the annual meeting in March of each year, the membership votes for directors, approves the minutes of the previous annual meeting and votes on other items

Filing and Contact Details

Filer

Filer Name
Jemez Valley Credit Union
EIN
85-0204263
Phone
5058293366
Address
PO Box 120, Jemez Springs, NM 87025

Signing Officer

Name
Christine Trujillo
Title
CEO
Signed
2018-05-20
Discuss with paid preparer
No

Organization Details

Formed
1966
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
9

Preparer

Preparer
Robert M Wilson
Phone
5758293410
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IRS990/PYRevenuesLessExpensesAmt0162816
IRS990/PYSalariesCompEmpBnftPaidAmt0362700
IRS990/PYTotalExpensesAmt0884644
IRS990/PYTotalRevenueAmt01047460
IRS990/ReconcilationRevenueExpnssAmt0130796
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03073648
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03204444
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04418068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07027577
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt027829
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0222704
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0250533
IRS990ScheduleD/EquipmentGrp/BookValueAmt018759
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0219441
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238200
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt027299
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027299
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012908071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1-52927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2176316
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3120493
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt447132
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Loans to CU Members
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Allowance for Loan Losses
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUSIF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CU Anytime member stock
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Other Assets
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt087028
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019761446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Accounts
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1200000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt8250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt9248000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Ally Bank CDs
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Modern Bank CDs
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Salliemae
IRS990ScheduleD/OtherSecuritiesGrp/Desc5First Internet Bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc6Evansville Teachers CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc7Zia Credit Union
IRS990ScheduleD/OtherSecuritiesGrp/Desc8Zia Credit Union
IRS990ScheduleD/OtherSecuritiesGrp/Desc9Ally Bank CDs
IRS990ScheduleD/OtherSecuritiesGrp/Desc10Maryland Financial Bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc11Infinity Federal CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc12Live Oak Banking Co
IRS990ScheduleD/OtherSecuritiesGrp/Desc13Evergreen Bank Group
IRS990ScheduleD/OtherSecuritiesGrp/Desc14Northern Bank Trust
IRS990ScheduleD/OtherSecuritiesGrp/Desc15Melrose Credit Union
IRS990ScheduleD/OtherSecuritiesGrp/Desc16Cornerstone Credit Union
IRS990ScheduleD/OtherSecuritiesGrp/Desc17Comenity BK
IRS990ScheduleD/OtherSecuritiesGrp/Desc18American Express Bank FSB
IRS990ScheduleD/OtherSecuritiesGrp/Desc19Texana BK
IRS990ScheduleD/OtherSecuritiesGrp/Desc20Illinois Community CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc21Southern Michigan Bank and Trust
IRS990ScheduleD/OtherSecuritiesGrp/Desc22Union National Bank and Trust
IRS990ScheduleD/OtherSecuritiesGrp/Desc23Cardinal Bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc24Welch State Bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc25Everbank
IRS990ScheduleD/OtherSecuritiesGrp/Desc26MB Financial Bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc27CIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc28Progressive
IRS990ScheduleD/OtherSecuritiesGrp/Desc29Generations Community FCU
IRS990ScheduleD/OtherSecuritiesGrp/Desc30Texas Trust CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc31Morgan Stanley
IRS990ScheduleD/OtherSecuritiesGrp/Desc32Cathay Bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc33General Electric
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd10C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd11C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd12C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd13C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd14C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd15C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd16C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd17C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd18C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd19C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd20C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd21C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd22C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd23C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd24C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd25C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd26C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd27C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd28C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd29C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd30C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd31C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073887
IRS990ScheduleD/TotalBookValueOtherAssetsAmt013199085
IRS990ScheduleD/TotalBookValueSecuritiesAmt02448000
IRS990ScheduleD/TotalLiabilityAmt019761446
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 and 990T was presented and reviewed at the May 2018 Board Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At the annual meeting in March of each year, the membership votes for directors, approves the minutes of the previous annual meeting and votes on other items
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section Schedule B, Line Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 6, 7a, 7b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021487800
IRS990/TotalAssetsEOYAmt023064083
IRS990/TotalAssetsGrp/BOYAmt021487800

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$24.8$3.47$1.46$1.45$0.02
2023Summary only. Only limited summary data is available for this year.$29.9$26.2$3.70$1.57$1.54$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$26.7$3.68$1.29$1.25$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$26.1$3.65$1.28$1.15$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$24.5$3.52$1.31$1.27$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.8$20.4$3.48$1.37$1.24$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$20.7$3.35$1.24$1.09$0.15
2017Detailed filing. Detailed filing data is available for this year.$23.1$19.9$3.20$1.13$1.00$0.13
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$18.4$3.07$1.05$0.88$0.16
2015Summary only. Only limited summary data is available for this year.$20.8$17.8$2.92$1.03$0.86$0.18
2014Detailed filing. Detailed filing data is available for this year.$20.9$18.1$2.74$1.03$0.83$0.20
2013Detailed filing. Detailed filing data is available for this year.$19.5$16.9$2.54$0.97$0.72$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$14.9$2.29$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$14.6$1.98$0.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$14.5$1.67$0.95