Deming School Employees Credit Union

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

EIN: 856009262 ✦ Deming, NM ✦ Designated as a 501(c)(14)

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Overview

What is Deming School Employees Credit Union?

Deming School Employees Credit Union is a local financial institution situated in Deming, New Mexico. As a credit union, its primary focus is on providing deposit and loan services to its members at competitive rates. The credit union, with a team of four dedicated individuals, offers various types of loans to its members, ensuring financial flexibility and support. While it primarily serves the education community, its services are accessible to all eligible individuals in the area.

Is Deming School Employees Credit Union legitimate?

Deming School Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Deming School Employees 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: $32,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,379

For more financial information, click here

What is the mission statement of Deming School Employees Credit Union?

The Deming School Employees Credit Union's mission is centered around providing member deposit and loan services at competitive rates. This mission is carried out by offering a variety of loans to its members at favorable interest rates. The credit union's activities primarily focus on serving its members' financial needs, ensuring they have access to affordable and competitive financial services.

Who is the CEO of Deming School Employees Credit Union?

Diana May-Diaz is the Treasurer of Deming School Employees Credit Union.

What is the revenue of Deming School Employees Credit Union?

Deming School Employees Credit Union's revenue in 2022 was $205,643.

Who are the executives of Deming School Employees Credit Union and what are their salaries?

The average compensation at Deming School Employees Credit Union during 2022 was $17,135. There are 4 employees and 13 volunteers at Deming School Employees Credit Union.


Here are 6 key members and their salaries:


Steve Black (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marion Chrestman (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Armida Uzueta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana May-Diaz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Schaeffer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Speight (Manager)
  • Compensation: $32,161
  • Related: $0
  • Other: $0
Where can I find the form 990 for Deming School Employees Credit Union?

Deming School Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Deming School Employees Credit Union

Deming School Employees Credit Union is dedicated to providing member-focused deposit and loan services at competitive rates. The credit union offers a variety of loan options to its members, ensuring they receive favorable interest rates. By prioritizing its members' financial needs, Deming School Employees Credit Union aims to establish a strong foundation for their financial well-being.

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Impact




October, 2024

Deming School Employees Credit Union significantly impacts the Deming community in New Mexico by providing essential financial services to its members. The credit union offers a range of member deposit and loan services at competitive rates, making it easier for individuals and families to access the funds they need. By providing various types of loans, the credit union supports local members in achieving their financial goals, whether it’s purchasing a home, financing education, or managing unexpected expenses. This focus on member-centric services fosters financial stability and empowerment within the community, illustrating the credit union's commitment to improving the lives of its members through accessible and affordable financial solutions.




This information is meant to be a general summary of Deming School Employees 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
$205,643 (2022)
Expenses
$196,976 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,409
  • Program Service Revenue: $188,234
  • Gross Receipts: $205,643

Assets and Liabilities:

  • Total Assets: $6,346,731
  • Total Liabilities: $5,322,085
  • Net Assets: $1,024,646

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Programs

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

INTEREST FROM LOANS

Revenue

$187,363

OTHER OPERATING INCOME

Revenue

$871

Organization Details

Founding Year

1954

Principal Officer

Diana May-Diaz

Main Address

BOX 1494, DEMING, NM, 88031

NTEE Category

Code: W60 - Public benefit

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