Civic Intelligence

Credit Unions in the State of New Mexico

990 • Fiscal year 2014 • EIN 85-6010427

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 25, 2015

Organization ProfileWWW.LOCOCREDITUNION.COM

View Organization Page

PO Box 1743Alamogordo, NM 88311-1743

(575) 437-3110

Siviq Scores

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

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

17th percentile

14.15x

Higher debt load relative to revenue than 17% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

29th percentile

$82,011

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

73rd percentile

4.3%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-8.3%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$40,726,625

Up $1,689,344 (+4.3%) from 2013

Net Assets

Up

$3,865,683

Up $287,710 (+8.0%) from 2013

Liabilities

Up

$36,860,942

Up $1,401,634 (+4.0%) from 2013

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin72nd percentile

Revenue

Down

$2,605,894

Down $236,589 (-8.3%) from 2013

Expenses

Up

$2,277,755

Up $2,389 (+0.1%) from 2013

Net Income

Down

$328,139

Down $238,978 (-42%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$80M$60M$40M$20M$0Assets 2010: $25,127,749Liabilities 2010: $23,099,950Net Assets 2010: $2,027,7992010Assets 2011: $28,353,424Liabilities 2011: $25,825,395Net Assets 2011: $2,528,0292011Assets 2012: $33,621,938Liabilities 2012: $30,638,341Net Assets 2012: $2,983,5972012Assets 2013: $39,037,281Liabilities 2013: $35,459,308Net Assets 2013: $3,577,9732013Assets 2014: $40,726,625Liabilities 2014: $36,860,942Net Assets 2014: $3,865,6832014Assets 2015: $42,414,113Liabilities 2015: $37,832,528Net Assets 2015: $4,581,5852015Assets 2016: $45,342,267Liabilities 2016: $40,110,625Net Assets 2016: $5,231,6422016Assets 2017: $47,404,165Liabilities 2017: $41,505,443Net Assets 2017: $5,898,7222017Assets 2018: $48,049,840Liabilities 2018: $41,670,513Net Assets 2018: $6,379,3272018Assets 2019: $50,466,084Liabilities 2019: $43,281,301Net Assets 2019: $7,184,7832019Assets 2020: $58,035,107Liabilities 2020: $49,854,020Net Assets 2020: $8,181,0872020Assets 2021: $66,930,328Liabilities 2021: $57,762,241Net Assets 2021: $9,168,0872021Assets 2022: $67,045,402Liabilities 2022: $57,664,365Net Assets 2022: $9,381,0372022Assets 2023: $65,849,910Liabilities 2023: $57,156,574Net Assets 2023: $8,693,3362023Assets 2024: $62,115,746Liabilities 2024: $53,742,583Net Assets 2024: $8,373,1632024

Highlighted filing

2014

Assets$40,726,625
Liabilities$36,860,942
Net Assets$3,865,683
Open 2014 Filing

Operations Trend

Revenue Growth9th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,580,6882010Expenses 2011: $1,618,1162011Expenses 2012: $1,801,6632012Revenue 2013: $2,842,483Expenses 2013: $2,275,366Net Income 2013: $567,1172013Revenue 2014: $2,605,894Expenses 2014: $2,277,755Net Income 2014: $328,1392014Revenue 2015: $2,721,959Expenses 2015: $1,963,475Net Income 2015: $758,4842015Revenue 2016: $3,034,540Expenses 2016: $2,365,814Net Income 2016: $668,7262016Revenue 2017: $3,317,141Expenses 2017: $2,648,555Net Income 2017: $668,5862017Revenue 2018: $3,519,905Expenses 2018: $2,834,372Net Income 2018: $685,5332018Revenue 2019: $4,049,274Expenses 2019: $3,318,236Net Income 2019: $731,0382019Revenue 2020: $4,058,928Expenses 2020: $3,381,952Net Income 2020: $676,9762020Revenue 2021: $3,847,469Expenses 2021: $3,542,676Net Income 2021: $304,7932021Revenue 2022: $4,130,099Expenses 2022: $3,619,373Net Income 2022: $510,7262022Revenue 2023: $3,995,477Expenses 2023: $3,981,773Net Income 2023: $13,7042023Revenue 2024: $3,896,712Expenses 2024: $4,216,885Net Income 2024: -$320,1732024

Highlighted filing

2014

Revenue$2,605,894
Expenses$2,277,755
Net Income$328,139
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 25, 2015
Return Version
2014v5.0
Gross Receipts
$2,605,894
Mission and Program Overview

Mission

Provide deposit and loan products & services to member-owners at a reasonable cost and return.

Providing deposit and loan products & services to member-owners of organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$18,872,343$22,846,296▲ $3,973,953
Other Notes and Loans Receivable, Net$18,177,982$15,875,247▼ $2,302,735
Rtn Earn Endowment Incm Other Fnds$3,577,973$3,865,683▲ $287,710
Cash and Non-Interest-Bearing Accounts$701,802$929,474▲ $227,672
Land, Buildings, and Equipment, Net$493,732$456,548▼ $37,184
Prepaid Expenses and Deferred Charges$58,473$58,710▲ $237
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$39,037,281$40,726,625▲ $1,689,344
Other Assets Total$732,949$560,350▼ $172,599
Liabilities
Other Liabilities$35,311,541$36,834,199▲ $1,522,658
Accounts Payable and Accrued Expenses$147,767$26,743▼ $121,024
Total Liabilities$35,459,308$36,860,942▲ $1,401,634
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,577,973$3,865,683▲ $287,710
Total Liabilities and Net Assets / Fund Balance$39,037,281$40,726,625▲ $1,689,344

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$343,097$390,760-
Land$25,500--
Equipment$87,951$222,031-
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pam VegaCEOFT$82,011$82,011

Board Members and Trustees

NameTitle
David JohnsonChairman
Charles MontjoyVice Chairperson
Louanne GarciaCFO
Dave OlsonMember
George PadillaMember
George WrightMember
Mary GoldsmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,111,180
Investment Income
$283,343
Other Revenue
$211,371
Change in Net Assets
$328,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,502,826
Salaries, Compensation, and Employee Benefits$774,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$373,669
Interest---$277,673
Office Expenses---$219,010
Current Officers, Directors, Trustees, and Key Employees---$146,073
Other Employee Benefits---$112,724
Pension Plan Contributions---$101,379
Advertising---$69,479
Information Technology---$64,527
Depreciation Depletion---$54,143
All Other Expenses---$49,758
Occupancy---$46,162
Payroll Taxes---$41,084
Other Expenses---$29,260
Insurance---$28,515
Fees for Services Accounting---$8,200
Conferences and Meetings---$5,630
Travel---$2,510
Total Functional Expenses$0$0$0$2,277,755
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
Member Share and Savings Accounts$36,174,939
Regular Reserves$522,417
Net Pension Liability$125,849
Member Dividends$9,352
Payroll Taxes$1,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union has members who purchase ownership interests by opening primary share deposit accounts with the credit union.”

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

“The owner members vote to elect or replace members of the board of directors.”

Form 990, Part VI, Section A, Line 8B

“The governing body does not delegate authority to act on its behalf to any committees.”

Form 990, Part VI, Section B, Line 11

“The president/ceo provides a copy of the form 990 to the board at its monthly meeting.”

Form 990, Part VI, Section B, Line 12C

“Board members and key employees must sign conflict of interest statements annually. Compliance with the policy is consistently monitored and enforced by the respective parties.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the ceo's performance annually and determines the salary for the next fiscal period accordingly. The ceo reviews the performance of key employees and uses market-based salary comparisons to determine pay increases for these individuals.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the main offices. Governing documents & conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Loco Credit Union
EIN
85-6010427
Phone
5754373110
Address
PO BOX 1743, ALAMOGORDO, NM 88311-1743

Signing Officer

Name
Pam Vega
Title
President/CEO
Phone
5754373110
Signed
2015-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pam Vega
Formed
1953
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
6
Employees
15
Volunteers
0

Preparer

Firm
Parks & Company Plc
Address
441 N WASHINGTON, EL DORADO, AR 71730
Preparer
G Pete Parks
Phone
8708623401
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Accumulated other comprehensive income -40,429.”

Raw XML Appendix359 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0147767
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt026743
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDING DEPOSIT AND LOAN PRODUCTS & SERVICES TO MEMBER-OWNERS OF ORGANIZATION
IRS990/AdvertisingGrp/TotalAmt069479
IRS990/AllOtherExpensesGrp/TotalAmt049758
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PAM VEGA PRESIDENTCEO
IRS990/BooksInCareOfDetail/PhoneNum05754373110
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0808 WASHINGTON AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALAMOGORDO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd088311
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0701802
IRS990/CashNonInterestBearingGrp/EOYAmt0929474
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0146073
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt05630
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0283343
IRS990/CYOtherExpensesAmt01502826
IRS990/CYOtherRevenueAmt0211371
IRS990/CYProgramServiceRevenueAmt02111180
IRS990/CYRevenuesLessExpensesAmt0328139
IRS990/CYSalariesCompEmpBnftPaidAmt0774929
IRS990/CYTotalExpensesAmt02277755
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02605894
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt054143
IRS990/Desc0THE CREDIT UNION PROVIDED MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt08200
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES MONTJOY
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVE OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm4GEORGE WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm5GEORGE PADILLA
IRS990/Form990PartVIISectionAGrp/PersonNm6LOUANNE GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm7PAM VEGA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt782011
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02605894
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt064527
IRS990/InsuranceGrp/TotalAmt028515
IRS990/InterestGrp/TotalAmt0277673
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0283343
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0283343
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0779
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0612791
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0493732
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0456548
IRS990/LandBldgEquipCostOrOtherBssAmt01069339
IRS990/LegalDomicileStateCd0NM
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE DEPOSIT AND LOAN PRODUCTS & SERVICES TO MEMBER-OWNERS AT A REASONABLE COST AND RETURN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03577973
IRS990/NetAssetsOrFundBalancesEOYAmt03865683
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt046162
IRS990/OfficeExpensesGrp/TotalAmt0219010
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0732949
IRS990/OtherAssetsTotalGrp/EOYAmt0560350
IRS990/OtherChangesInNetAssetsAmt0-40429
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0112724
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DEBIT CARD SERVICES
IRS990/OtherExpensesGrp/Desc2LOSS (GAIN) ON SALE OF
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt0480299
IRS990/OtherExpensesGrp/TotalAmt1107058
IRS990/OtherExpensesGrp/TotalAmt260602
IRS990/OtherExpensesGrp/TotalAmt329260
IRS990/OtherLiabilitiesGrp/BOYAmt035311541
IRS990/OtherLiabilitiesGrp/EOYAmt036834199
IRS990/OtherRevenueMiscGrp/BusinessCd0522210
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0211371
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0211371
IRS990/OtherRevenueTotalAmt0211371
IRS990/OtherSalariesAndWagesGrp/TotalAmt0373669
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt018177982
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt015875247
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt041084
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0101379
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058473
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058710
IRS990/PrincipalOfficerNm0PAM VEGA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01821810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1287266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01821810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1289370
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02104
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $278,000 TO ITS MEMBERS IN THE FORM OF DIVIDENDS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $328,000 DURING 2014.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0208261
IRS990/PYOtherExpensesAmt01688891
IRS990/PYOtherRevenueAmt012239
IRS990/PYProgramServiceRevenueAmt02621983
IRS990/PYRevenuesLessExpensesAmt0567117
IRS990/PYSalariesCompEmpBnftPaidAmt0586475
IRS990/PYTotalExpensesAmt02275366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02842483
IRS990/ReconcilationRevenueExpnssAmt0328139
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03577973
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03865683
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018872343
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022846296
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0343097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0390760
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0733857
IRS990ScheduleD/EquipmentGrp/BookValueAmt087951
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0222031
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0309982
IRS990ScheduleD/LandGrp/BookValueAmt025500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt025500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2125849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt336174939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4522417
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DIVIDENDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MEMBER SHARE AND SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4REGULAR RESERVES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0456548
IRS990ScheduleD/TotalLiabilityAmt036834199
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS MEMBERS WHO PURCHASE OWNERSHIP INTERESTS BY OPENING PRIMARY SHARE DEPOSIT ACCOUNTS WITH THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OWNER MEMBERS VOTE TO ELECT OR REPLACE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY DOES NOT DELEGATE AUTHORITY TO ACT ON ITS BEHALF TO ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT/CEO PROVIDES A COPY OF THE FORM 990 TO THE BOARD AT ITS MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS AND KEY EMPLOYEES MUST SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY. COMPLIANCE WITH THE POLICY IS CONSISTENTLY MONITORED AND ENFORCED BY THE RESPECTIVE PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND DETERMINES THE SALARY FOR THE NEXT FISCAL PERIOD ACCORDINGLY. THE CEO REVIEWS THE PERFORMANCE OF KEY EMPLOYEES AND USES MARKET-BASED SALARY COMPARISONS TO DETERMINE PAY INCREASES FOR THESE INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE MAIN OFFICES. GOVERNING DOCUMENTS & CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ACCUMULATED OTHER COMPREHENSIVE INCOME -40,429.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt039037281
IRS990/TotalAssetsEOYAmt040726625
IRS990/TotalAssetsGrp/BOYAmt039037281
IRS990/TotalAssetsGrp/EOYAmt040726625
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/TotalAmt02277755
IRS990/TotalGrossUBIAmt02104
IRS990/TotalLiabilitiesBOYAmt035459308
IRS990/TotalLiabilitiesEOYAmt036860942
IRS990/TotalLiabilitiesGrp/BOYAmt035459308
IRS990/TotalLiabilitiesGrp/EOYAmt036860942
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03577973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03865683
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02111180
IRS990/TotalReportableCompFromOrgAmt082011
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02603790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02605894
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02104
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039037281
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040726625
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02510
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0808 WASHINGTON AVE
IRS990/USAddress/CityNm0ALAMOGORDO
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088310
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LOCOCREDITUNION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAM VEGA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05754373110
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCO CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LOCO
ReturnHeader/Filer/EIN0856010427
ReturnHeader/Filer/PhoneNum05754373110
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1743
ReturnHeader/Filer/USAddress/CityNm0ALAMOGORDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd0883111743
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202126731
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PARKS & COMPANY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0441 N WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EL DORADO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071730
ReturnHeader/PreparerPersonGrp/PhoneNum08708623401
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G PETE PARKS
ReturnHeader/ReturnTs02015-09-14T16:08:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,726,625
Liabilities
$36,860,942
Net assets
$3,865,683
Revenue
$2,605,894
Expenses
$2,277,755
Net income
$328,139
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.1$53.7$8.37$3.90$4.22$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.8$57.2$8.69$4.00$3.98$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.0$57.7$9.38$4.13$3.62$0.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.9$57.8$9.17$3.85$3.54$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.0$49.9$8.18$4.06$3.38$0.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.5$43.3$7.18$4.05$3.32$0.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.0$41.7$6.38$3.52$2.83$0.69
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.4$41.5$5.90$3.32$2.65$0.67
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.3$40.1$5.23$3.03$2.37$0.67
2015Detailed filing. Detailed filing data is available for this year.$42.4$37.8$4.58$2.72$1.96$0.76
2014Detailed filing. Detailed filing data is available for this year.$40.7$36.9$3.87$2.61$2.28$0.33
2013Detailed filing. Detailed filing data is available for this year.$39.0$35.5$3.58$2.84$2.28$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$30.6$2.98$1.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$25.8$2.53$1.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$23.1$2.03$1.58
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)14 • $25M-$50M nonprofits