Zia Credit Union
- Assets
- $204.8m
- Revenue
- $11.9m
- Investments
- $42.6m
- Employees
- 79
- Location
- Los Alamos, NM
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 85-0121717
Organization Overview
Zia Credit Union is located in Los Alamos, NM. The organization was established in 2019. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Zia Credit Union employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zia Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Zia Credit Union generated $11.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $9.7m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW MEXICO STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW MEXICO STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J C Garcia Chairman/president | OfficerTrustee | 1 | $0 |
Lawrence Gutierrez Vice Chairman | OfficerTrustee | 1 | $0 |
Matty Perez Secretary | OfficerTrustee | 1 | $0 |
Thomas Tierney Treasurer | OfficerTrustee | 1 | $0 |
Richard Roybal Director | Trustee | 1 | $0 |
Dwayne Herrera CEO | Officer | 40 | $239,550 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kasasa Financial Products For Members | 12/30/22 | $856,268 |
True Health Benefits Management | 12/30/22 | $713,457 |
Corelation Data Processing | 12/30/22 | $916,286 |
Steady Networks It Support | 12/30/22 | $237,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,289,025 |
| Investment income | $614,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,938,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,552 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,444,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $753,938 |
| Payroll taxes | $276,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,012,805 |
| Advertising and promotion | $230,125 |
| Office expenses | $443,955 |
| Information technology | $21,613 |
| Royalties | $0 |
| Occupancy | $316,452 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,344 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,651 |
| Insurance | $99,585 |
| All other expenses | $947,842 |
| Total functional expenses | $9,716,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,460,991 |
| Savings and temporary cash investments | $7,051,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $143,460,599 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,055,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,566,219 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,249,485 |
| Total assets | $204,844,412 |
| Accounts payable and accrued expenses | $548,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $191,295,808 |
| Total liabilities | $191,844,229 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,866,666 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,133,517 |
| Total liabilities and net assets/fund balances | $204,844,412 |