Belen Railway Employees Credit Union

Organization Overview

Belen Railway Employees Credit Union is located in Belen, 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 12/2017, Belen Railway Employees Credit Union employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Belen Railway Employees 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 12/2017, Belen Railway Employees Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2017. While expenses have increased by 6.0% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

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

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)Compensation
Gerry Troyer
CEO
$89,770
Terrilee Young
Operations Mgr/compliance Officer
$54,400
Horacio Padilla
Vice-Chairperson
$0
James Knecht
Secretary
$0
Luis Baca
Chairperson
$0
Norman Mcdonald
Treasurer
$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$1,299,583
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,351
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,498,652

Peer Organizations

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