Del Norte Credit Union
- Assets
- $1.0b
- Revenue
- $45.8m
- Investments
- $0.0
- Employees
- 281
- Location
- Los Alamos, NM
- Founding
- 01/1973
- Data as of
- 12/2022
- EIN
- 85-0124035
Organization Overview
Del Norte Credit Union is located in Los Alamos, 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 12/2022, Del Norte Credit Union employed 281 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Del Norte 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, Del Norte Credit Union generated $45.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $35.0m during the year ending 12/2022. While expenses have increased by 7.5% 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
DEL NORTE CREDIT UNION (DNCU) IS ORGANIZED AS A COOPERATIVE ASSOCIATION WITH THE MISSION OF IMPROVING LIVES BY PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES, AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.
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 |
|---|---|---|---|
Clyde Leyba Board Member/chair | OfficerTrustee | 1 | $0 |
Art Salgado Board Member/vice Chair | OfficerTrustee | 1 | $0 |
Levi Lopez Board Member/treasurer | OfficerTrustee | 1 | $0 |
Len Montoya Board Member/secretary | OfficerTrustee | 1 | $0 |
Julie Feldman Board Member/director | Trustee | 1 | $0 |
Benito Salazar Board Member/director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alkami Technolgy Software Maint. Re: Platform Consumer Sy | 12/30/22 | $705,269 |
Visa Credit Card Processing Company | 12/30/22 | $681,016 |
Wilger Enterprises Inc Building Contractor | 12/30/22 | $1,189,393 |
Cfm Cash Flow Software Maint. Re: Aspyn Enterprise Cor | 12/30/22 | $507,965 |
Pscu Financial Services Credit Card Processing Company/digital D | 12/30/22 | $1,972,173 |
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 | $45,836,478 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,843,178 |
| 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. | $2,857,383 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,370,993 |
| Pension plan accruals and contributions | $426,892 |
| Other employee benefits | $1,960,612 |
| Payroll taxes | $1,141,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,652 |
| Fees for services: Accounting | $93,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,396,012 |
| Advertising and promotion | $1,013,679 |
| Office expenses | $5,507,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,011,453 |
| Travel | $131,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,519 |
| Interest | $1,567,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,481,613 |
| Insurance | $175,554 |
| All other expenses | $0 |
| Total functional expenses | $34,969,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,525,902 |
| Savings and temporary cash investments | $29,653,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,053,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $767,842,073 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,086,854 |
| Net Land, buildings, and equipment | $29,205,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $182,533,921 |
| Intangible assets | $0 |
| Other assets | $10,141,815 |
| Total assets | $1,030,042,670 |
| Accounts payable and accrued expenses | $4,738,800 |
| Grants payable | $0 |
| Deferred revenue | $539,863 |
| 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 | $920,336,805 |
| Total liabilities | $925,615,468 |
| 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 | $104,427,202 |
| Total liabilities and net assets/fund balances | $1,030,042,670 |