Overview
What is Credit Unions In The State Of New Mexico?
Guadalupe Credit Union, based in Santa Fe, New Mexico, is a state-chartered credit union with a community development and low-income designation. With a team of 131 employees, they offer financial services to their members in accordance with the New Mexico Credit Union Act. As a certified development credit union, they focus on serving and improving the economic condition of their community.
Official website here: www.guadalupecu.org
What are the reviews and ratings of this charity?
Credit Unions In The State Of New Mexico is not currently rated by Charity Navigator as it does not meet the criteria for such evaluation. Charity Navigator requires either an Accountability & Finance beacon or an Impact & Measurement beacon for an organization's rating, which this union lacks due to its non-501(c)(3) status.
The absence of a rating from Charity Navigator does not imply a positive or negative outlook on the credit union's performance; it simply means an assessment has not been conducted. Historical evaluations primarily focused on financial accountability, but no comprehensive data on revenue or expenses is available for this group. Additionally, they cannot be rated on leadership, impact, or community metrics because they don't meet the necessary classification requirements.
There are no user reviews available for Credit Unions In The State Of New Mexico on GreatNonprofits, offering no direct insights into public sentiment or experiences. Without this public feedback, stakeholders may need to rely on other sources for assessing the organization's strengths or weaknesses.
This AI summary has been generated from information found on Charity Navigator.
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: $770,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,677,070
For more financial information, click here
Official website here: www.guadalupecu.org
What is the mission statement of Credit Unions In The State Of New Mexico?
A group of credit unions in New Mexico operate under the New Mexico Credit Union Act, offering financial services to their members as stipulated by the act. One such credit union, Guadalupe Credit Union, holds certifications as a Community Development credit union and a low income designation by the CDFI Fund. The mission of these New Mexico credit unions is to provide financial services to their members in accordance with the state charter, promoting economic opportunities and financial inclusion within their communities. They aim to empower their members to improve their financial well-being and achieve financial stability through accessible and affordable financial services.
Official website here: www.guadalupecu.org
Who is the CEO of Credit Unions In The State Of New Mexico?
Tanya Romero-Sturgeon is the Chief Operations Officer/Senior Vice-President of Credit Unions In The State Of New Mexico. The CEO's salary of Credit Unions In The State Of New Mexico is $260,565 and their total compensation is $271,146.
Official website here: www.guadalupecu.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 $16,701,986.
Official website here: www.guadalupecu.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 $41,582. There are 131 employees and 10 volunteers at Credit Unions In The State Of New Mexico.
Here are 11 key members and their salaries (Credit Unions In The State Of New Mexico's CEO's salary is $260,565 and their total compensation is $271,146):
- Compensation: $260,565
- Related: $0
- Other: $10,581
- Compensation: $132,696
- Related: $0
- Other: $14,776
- Compensation: $109,422
- Related: $0
- Other: $17,040
- Compensation: $112,214
- Related: $0
- Other: $9,870
- Compensation: $113,953
- Related: $0
- Other: $2,929
- Compensation: $94,351
- Related: $0
- Other: $18,155
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.guadalupecu.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.guadalupecu.org
Learn more at the official website: www.guadalupecu.org
Mission Statement of Credit Unions In The State Of New Mexico
Guadalupe Credit Union, a New Mexico-based credit union, is dedicated to delivering financial services to its members in accordance with the New Mexico Credit Union Act. As a certified development and low income designated credit union, this nonprofit organization holds a special status that allows it to prioritize serving communities that may have limited access to traditional banking services.
The mission of Guadalupe Credit Union is anchored in the New Mexico Credit Union Act. In simple terms, it is a financial cooperative that exists to serve its members. The credit union's commitment to community development and low-income designation further underscores its dedication to empowering individuals and families by providing essential financial services. The organization's certification as a Community Development credit union by the CDFI Fund is a testament to its unwavering commitment to serving its community.
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Impact
October, 2024
Credit Unions in New Mexico, particularly entities like Guadalupe Credit Union, play a significant role in enhancing financial access and empowerment for individuals and communities. Based in Santa Fe, Guadalupe Credit Union is dedicated to providing essential financial services that cater specifically to the needs of its members, particularly those from low-income backgrounds.
As a certified Community Development credit union, Guadalupe focuses on reaching underserved populations, ensuring that individuals who may not have access to traditional banking services are supported. This commitment helps to promote economic stability and growth within the community, fostering financial literacy and encouraging responsible financial practices.
By operating under the New Mexico Credit Union Act, Guadalupe Credit Union offers a range of services designed to improve members' financial well-being, including savings accounts, loans, and educational resources. This holistic approach not only helps individuals gain the tools they need for financial success but also contributes to broader community development and revitalization in New Mexico.
The impact of such credit unions extends beyond their immediate services. They serve as vital pillars of support within the economy, promoting public benefit and fostering a sense of community among members. As they address financial disparities and enhance access to capital, Credit Unions in the State of New Mexico actively contribute to creating a healthier, more equitable economic landscape.
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: $1,170,453
- Program Service Revenue: $14,482,610
- Gross Receipts: $22,278,684
Assets and Liabilities:
- Total Assets: $258,363,519
- Total Liabilities: $230,434,157
- Net Assets: $27,929,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$9,545,876
Loan Service Charges
Revenue
$608,173
Other Service Charges
Revenue
$4,328,561
Organization Details
Founding Year
1948
Phone
(505) 982-8942Principal Officer
Tanya Romero-Sturgeon
Main Address
2019 GALISTEO STREET SUITE K-1, SANTA FE, NM, 87505
Website
www.guadalupecu.orgNTEE Category
Code: W60 - Public benefit
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