Credit Unions In The State Of New Mexico Animas Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850154588 ✦ Farmington, NM ✦ Designated as a 501(c)(14)

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Overview

What is Credit Unions In The State Of New Mexico Animas Credit Union?

Animas Credit Union, located in New Mexico, was a nonprofit financial institution dedicated to providing financial services. Despite the provided information indicating its termination or inactivity, we cannot comment on its current status. As a credit union, it likely offered various financial products and services to its members, such as loans, savings accounts, and financial advice. However, due to the lack of detailed information, we cannot delve deeper into its mission or activities.


Official website here: www.animascu.com

Is Credit Unions In The State Of New Mexico Animas Credit Union legitimate?

Credit Unions In The State Of New Mexico Animas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of New Mexico Animas Credit Union 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: $237,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $512,662

For more financial information, click here


Official website here: www.animascu.com

What is the mission statement of Credit Unions In The State Of New Mexico Animas Credit Union?

The mission statement of Credit Unions In The State Of New Mexico Animas Credit Union, as per the provided information, is not available as the credit union is terminated or no longer active. However, typically, credit unions are financial service institutions that operate on a not-for-profit basis, providing financial services to their members. The specific mission and objectives of an active credit union might include promoting financial literacy, offering competitive savings and loan options, and providing community services to its members. Given the information at hand, it is not possible to provide a detailed mission statement for Animas Credit Union.


Official website here: www.animascu.com

Who is the CEO of Credit Unions In The State Of New Mexico Animas Credit Union?

Robert Chavez is the Principal Officer of Credit Unions In The State Of New Mexico Animas Credit Union. The CEO's salary of Credit Unions In The State Of New Mexico Animas Credit Union is $55,745 and their total compensation is $55,745.


Official website here: www.animascu.com

What is the revenue of Credit Unions In The State Of New Mexico Animas Credit Union?

Credit Unions In The State Of New Mexico Animas Credit Union's revenue in 2021 was $2,736,853.


Official website here: www.animascu.com

Who are the executives of Credit Unions In The State Of New Mexico Animas Credit Union and what are their salaries?

The average compensation at Credit Unions In The State Of New Mexico Animas Credit Union during 2021 was $17,861. There are 42 employees and 7 volunteers at Credit Unions In The State Of New Mexico Animas Credit Union.


Here are 11 key members and their salaries (Credit Unions In The State Of New Mexico Animas Credit Union's CEO's salary is $55,745 and their total compensation is $55,745):


Jon Moore (Acting Ceo/Vp-Financial Services)
  • Compensation: $55,745
  • Related: $0
  • Other: $0
Darrin Davidson (Vp-Business Services)
  • Compensation: $53,788
  • Related: $0
  • Other: $0
Robert Brooks (Vp-Information Technology)
  • Compensation: $41,524
  • Related: $0
  • Other: $0
Margaret Cardon (Vp-Operations)
  • Compensation: $29,233
  • Related: $0
  • Other: $0
Peter Holzem (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyrone Austin (Board Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles M Todd (Board Recording Officer/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Martin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Sewell (Supervisory Committee - Chariperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sadie Shelton (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Glasgow (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.animascu.com

Where can I find the form 990 for Credit Unions In The State Of New Mexico Animas Credit Union?

Credit Unions In The State Of New Mexico Animas Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.animascu.com

Learn more at the official website: www.animascu.com

Mission Statement of Credit Unions In The State Of New Mexico Animas Credit Union

Credit Unions In The State Of New Mexico Animas Credit Union, previously a active financial services institution, had a mission to serve its members. However, as per the information provided, this nonprofit is no longer active or terminated. Despite its inactivity, the mission of Credit Unions In The State Of New Mexico Animas Credit Union was focused on providing financial services to its members. The specific details of this mission, such as its goals, values, or the scope of its services, are not available in the provided information. As the organization is no longer active, its mission and activities are not currently being carried out.

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Impact




October, 2024

Animas Credit Union, located in Farmington, New Mexico, has played a significant role in providing financial services to the community. Though currently inactive, its impact during its operational years extended to offering accessible banking solutions, fostering financial literacy, and supporting local economic growth.

As a financial services institution, Animas Credit Union catered to the needs of its members, providing them with alternatives to traditional banking, such as lower interest rates on loans and higher yields on savings accounts. By focusing on member-centric services, it contributed to building a stronger financial foundation for individuals and families within the community.

Additionally, Animas Credit Union likely engaged in local initiatives and community outreach, promoting financial education and inclusion. This commitment to serving its members and the broader community helped empower residents to make informed financial decisions, ultimately enhancing economic well-being in the region. Although it is now terminated, the legacy of its contributions to financial stability and community support remains a part of its impact.




This information is meant to be a general summary of Credit Unions In The State Of New Mexico Animas Credit Union. 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.

Revenue
$2,736,853 (2021)
Expenses
$1,974,659 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $142,379
  • Program Service Revenue: $1,707,371
  • Gross Receipts: $2,736,853

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Loans

Revenue

$1,707,371

Organization Details

Founding Year

1954

Principal Officer

Robert Chavez

Main Address

2101 E 20th Street, Farmington, NM, 87401

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