Zia Credit Union
- Assets
- $198.6m
- Revenue
- $10.9m
- Investments
- $45.3m
- Employees
- 69
- Location
- Los Alamos, NM
- Founding
- 02/2019
- Data as of
- 12/2021
- 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 12/2021, Zia Credit Union employed 69 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 12/2021, Zia Credit Union generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.9m during the year ending 12/2021. While expenses have increased by 5.1% 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
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 |
|---|---|---|---|
Dwayne Herrera CEO | Officer | 40 | $207,970 |
Paul Johnson CFO | Officer | 40 | $138,364 |
J C Garcia Chairman/president | OfficerTrustee | 1 | $0 |
Lawrence Gutierrez Secretary | OfficerTrustee | 1 | $0 |
Matty Perez Vice-Chairman | OfficerTrustee | 1 | $0 |
Janet Apodaca Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthscope Benefits Benefits Management | 12/30/21 | $920,029 |
Epl Data Processing | 12/30/21 | $550,987 |
Kasasa Financial Products For Members | 12/30/21 | $136,881 |
Steady Networks It Support | 12/30/21 | $254,887 |
Pscu Credit Union Service Organization | 12/30/21 | $102,948 |
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 | $8,573,635 |
| Investment income | $290,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,872,858 |
| 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. | $346,334 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,056,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $895,110 |
| Payroll taxes | $233,170 |
| 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 | $1,098,650 |
| Advertising and promotion | $154,614 |
| Office expenses | $313,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $836,073 |
| Travel | $52,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $94,610 |
| All other expenses | $335,458 |
| Total functional expenses | $8,923,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,417,612 |
| Savings and temporary cash investments | $14,247,642 |
| 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 | $123,956,092 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,221,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,265,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,469,174 |
| Total assets | $198,577,340 |
| Accounts payable and accrued expenses | $549,694 |
| 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 | $183,132,256 |
| Total liabilities | $183,681,950 |
| 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 | $11,028,724 |
| Total liabilities and net assets/fund balances | $198,577,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sooper Credit Union Arvada, CO | $541,418,878 | $25,522,076 |
Partner Colorado Credit Union Arvada, CO | $575,170,940 | $26,663,634 |
Coastlife Credit Union Corpus Christi, TX | $459,349,679 | $21,652,843 |
Red Rocks Credit Union Littleton, CO | $358,530,092 | $14,106,899 |
Mct Credit Union Port Neches, TX | $363,107,409 | $15,984,837 |
Americas Credit Union Garland, TX | $409,491,001 | $16,218,007 |
Credit Unions Chartered In The State Of Utah Salt Lake City, UT | $951,799,319 | $26,688,860 |
First Basin Credit Union Odessa, TX | $306,636,605 | $15,708,343 |
Allegiance Credit Union Oklahoma City, OK | $376,025,043 | $16,187,363 |
Texoma Community Credit Union Wichita Falls, TX | $259,230,472 | $16,333,220 |
Oklahoma Educators Credit Union Oklahoma City, OK | $242,039,953 | $16,355,869 |
Aventa Credit Union Colorado Springs, CO | $264,169,507 | $14,432,586 |