Overview
What is Credit Unions In The State Of New Mexico?
Credit Unions in New Mexico, specifically Rio Grande Credit Union, is a nonprofit financial institution based in Albuquerque, New Mexico. Their mission is to build a trusted partnership with members by offering financial education, competitive pricing, and convenience. The earnings generated from investments of excess funds, beyond what is loaned to members, and accumulated surplus are invested in securities permitted by the National Credit Union Administration and the credit union's governing documents. Rio Grande Credit Union's operations include a workforce of 209 employees dedicated to providing excellent member services.
Official website here: www.riograndecu.org
Is Credit Unions In The State Of New Mexico legitimate?
Credit Unions In The State Of New Mexico is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of New Mexico submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,375,547
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,695,982
For more financial information, click here
Official website here: www.riograndecu.org
What is the mission statement of Credit Unions In The State Of New Mexico?
The Rio Grande Credit Union in New Mexico is dedicated to building trust with its members by delivering exceptional member service. This commitment is demonstrated through the provision of financial education solutions, competitive pricing, and convenience. The credit union invests earnings from the excess of funds received from members, over the amount loaned, and accumulated surplus in securities approved by the NCUA and the credit union's governing documents.
Official website here: www.riograndecu.org
Who is the CEO of Credit Unions In The State Of New Mexico?
Mike Athens is the Presidentceo of Credit Unions In The State Of New Mexico. The CEO's salary of Credit Unions In The State Of New Mexico is $289,682 and their total compensation is $303,538.
Official website here: www.riograndecu.org
What is the revenue of Credit Unions In The State Of New Mexico?
Credit Unions In The State Of New Mexico's revenue in 2022 was $35,859,928.
Official website here: www.riograndecu.org
Who are the executives of Credit Unions In The State Of New Mexico and what are their salaries?
The average compensation at Credit Unions In The State Of New Mexico during 2022 was $48,189. There are 209 employees and 10 volunteers at Credit Unions In The State Of New Mexico.
Here are 15 key members and their salaries (Credit Unions In The State Of New Mexico's CEO's salary is $289,682 and their total compensation is $303,538):
- Compensation: $289,682
- Related: $0
- Other: $13,856
- Compensation: $187,413
- Related: $0
- Other: $15,522
- Compensation: $149,587
- Related: $0
- Other: $7,030
- Compensation: $134,031
- Related: $0
- Other: $12,805
- Compensation: $134,642
- Related: $0
- Other: $12,057
- Compensation: $134,615
- Related: $0
- Other: $8,076
- Compensation: $128,032
- Related: $0
- Other: $14,078
- Compensation: $124,888
- Related: $0
- Other: $7,583
- Compensation: $783
- Related: $0
- Other: $0
- Compensation: $367
- Related: $0
- Other: $0
- Compensation: $312
- Related: $0
- Other: $0
- Compensation: $188
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.riograndecu.org
Where can I find the form 990 for Credit Unions In The State Of New Mexico?
Credit Unions In The State Of New Mexico's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riograndecu.org
Learn more at the official website: www.riograndecu.org
Mission Statement of Credit Unions In The State Of New Mexico
Rio Grande Credit Union, based in New Mexico, is dedicated to building trust and delivering exceptional member service. By providing financial education solutions, competitive pricing, and convenience, the credit union aims to create a reliable partnership with its members. The surplus generated from investments on the excess of funds received from members, beyond the amount lent, is utilized to buy securities as per the guidelines set by the National Credit Union Administration and the credit union's governing documents.
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Impact
October, 2024
Credit unions in the state of New Mexico, particularly the Rio Grande Credit Union, play a vital role in the local community by fostering financial stability and empowering members through education and accessible financial products. They prioritize creating trusted partnerships with their members, which enhances the overall banking experience through excellent service and competitive pricing.
These institutions offer financial education solutions, helping members to make informed decisions about their finances. This focus on education not only contributes to individual financial literacy but also strengthens the community's economic foundation. By investing earnings from member deposits into securities, credit unions maintain a healthy financial ecosystem that benefits members through better rates and services.
The convenience of services provided by credit unions enhances their accessibility, making it easier for members to engage with their financial needs. As a result, credit unions promote public benefit by reinvesting in the community and ensuring that the financial well-being of their members is at the forefront of their operations. Overall, credit unions in New Mexico contribute significantly to the economic health and financial empowerment of their communities.
This information is meant to be a general summary of Credit Unions In The State Of New Mexico. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,905,987
- Program Service Revenue: $33,680,001
- Gross Receipts: $35,859,928
Assets and Liabilities:
- Total Assets: $601,485,351
- Total Liabilities: $550,544,207
- Net Assets: $50,941,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$23,259,671
FEES AND CHARGES
Revenue
$10,420,330
Organization Details
Founding Year
1953
Principal Officer
Mike Athens
Main Address
301 RIO BRAVO BLVD SE, ALBUQUERQUE, NM, 87105
Website
www.riograndecu.orgNTEE Category
Code: W60 - Public benefit
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