Questa Credit Union
- Assets
- $17.0m
- Revenue
- $939.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Questa, NM
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 85-0161632
Organization Overview
Questa Credit Union is located in Questa, NM. The organization was established in 1973. 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 12/2021, Questa Credit Union employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Questa 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 12/2021, Questa Credit Union generated $939.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $578.1k during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CREDIT UNION BELIEVES IN DEVELOPING AND MAINTAINING A LONG-TERM RELATIONSHIP WITH OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION INCREASED THE VALUE OF MEMBER'S EQUITY BY APPROXIMATELY $ 361,000 IN 2021
THE CREDIT UNION ISSUED 338 LOANS TO MEMBERS WITH A COMBINED TOTAL OF $5,318,001.
THE CREDIT UNION ISSUED TO MEMBERS DURING 2021 DIVIDENDS TOTALING $33,253
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Flory Manager | Officer | 40 | $62,884 |
Malaquias Rael President | OfficerTrustee | 1 | $0 |
Michelle Spears Vice President | OfficerTrustee | 1 | $0 |
Cynthia Rael Vigil Secretary Treasurer | OfficerTrustee | 1 | $0 |
Nadine Herrera Board Member | Trustee | 1 | $0 |
Debra Romero Board Member | Trustee | 1 | $0 |
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 | $931,860 |
| Investment income | $7,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $938,978 |
| 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. | $62,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,906 |
| Payroll taxes | $13,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,153 |
| Fees for services: Accounting | $12,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,258 |
| Information technology | $43,442 |
| Royalties | $0 |
| Occupancy | $5,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,985 |
| Insurance | $15,151 |
| All other expenses | $30,583 |
| Total functional expenses | $578,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,425,658 |
| Savings and temporary cash investments | $4,963,076 |
| 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 | $10,008,420 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,153 |
| Net Land, buildings, and equipment | $454,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,874 |
| Total assets | $17,006,111 |
| Accounts payable and accrued expenses | $55,224 |
| 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 | $13,753,970 |
| Total liabilities | $13,809,194 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,196,917 |
| Total liabilities and net assets/fund balances | $17,006,111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
One Az Credit Union Phoenix, AZ | $3,043,080,305 | $105,409,190 |
Ttcu Federal Credit Union Tulsa, OK | $2,611,508,582 | $123,227,030 |
Credit Union Of Texas Allen, TX | $1,777,913,030 | $114,589,686 |
Vantage West Credit Union Tucson, AZ | $2,536,511,128 | $106,118,675 |
First Community Credit Union Of Houston Houston, TX | $1,964,514,771 | $83,936,302 |
Westerra Credit Union Denver, CO | $1,970,586,116 | $60,087,395 |
Texas Trust Credit Union Arlington, TX | $1,797,827,251 | $77,667,084 |
Truwest Credit Union Tempe, AZ | $1,519,187,668 | $64,029,017 |
Intouch Credit Union Plano, TX | $1,046,983,946 | $47,406,759 |
Credit Unions Chartered In The State Of Colorado Broomfield, CO | $1,586,159,504 | $57,634,628 |
Firstmark Credit Union San Antonio, TX | $1,229,967,544 | $50,715,745 |
True Sky Credit Union Oklahoma City, OK | $831,301,668 | $47,281,663 |