2023-10-17T11:32:05-04:00 2022-12-31 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2022-01-01 850116621 CREDIT UNIONS IN THE STATE OF NEW MEXICO CRED 301 RIO BRAVO BLVD SE ALBUQUERQUE NM 87105 MARIA SHRAKE CHIEF FINANCIAL 5052621401 2023-10-16 true MARIA SHRAKE SCOTT ELIASON P02372673 5053232035 2023-10-17 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z RIO GRANDE CREDIT UNION MIKE ATHENS 35859928 false X WWW.RIOGRANDECU.ORG X 1953 NM THE MISSION OF RIO GRANDE CREDIT UNION IS TO CREATE A TRUSTED PARTNERSHIP WITH OUR MEMBERS THAT DEMONSTRATES EXCELLENT MEMBER SERVICE BY PROVIDING FINANCIAL EDUCATION SOLUTIONS, COMPETITIVE PRICING, AND CONVENIENCE. 7 7 209 10 0 0 1552325 273940 27299386 33680001 1950881 1905987 0 30802592 35859928 0 0 9983232 11545733 0 0 17387893 19692485 27371125 31238218 3431467 4621710 531040739 601485351 473330622 550544207 57710117 50941144 THE MISSION OF RIO GRANDE CREDIT UNION IS TO CREATE A TRUSTED PARTNERSHIP WITH OUR MEMBERS THAT DEMONSTRATES EXCELLENT MEMBER SERVICE BY PROVIDING FINANCIAL EDUCATION SOLUTIONS, COMPETITIVE PRICING, AND CONVENIENCE. false false 1905987 EARNINGS FROM THE INVESTMENTS OF THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUS, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNIONS GOVERNING DOCUMENTS. 10420330 FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES. 23259671 INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS. false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 7733 0 209 true false false false false false false false false X 7 7 false false false false true true false true true false true true true true false false false true true false false X X THE ORGANIZATION 5052621401 301 RIO BRAVO BLVD SE Albuquerque NM 87105 MIKE ATHENS PRESIDENTCEO 40.00 0.00 X 289682 0 13856 ROY STANGE CHIEF FINANCIAL OFFICER 40.00 0.00 X 187413 0 15522 LILY CURRIN VP OF HUMAN RESOURCES 40.00 0.00 X 149587 0 7030 JEFF CAIN VP OF MARKETING 40.00 0.00 X 134031 0 12805 TIA SABAWI VP OF CONSUMER LENDING 40.00 0.00 X 134642 0 12057 ERIN GOMEZ VP OF SPECIALTY SERVICES 40.00 0.00 X 134615 0 8076 APRIL BRADSHAW VP OF MEMBER OPERATIONS 40.00 0.00 X 128032 0 14078 PAIGE AKERS VP OF RISK MANAGEMENT 40.00 0.00 X 124888 0 7583 LUCY SEDILLO SECRETARYTREASURER 4.00 0.00 X X 783 0 0 IRENE SERNA DIRECTOR 4.00 0.00 X 367 0 0 DAN MAYFIELD CHAIR 4.00 0.00 X X 312 0 0 CYNTHIA BORREGO DIRECTOR 4.00 0.00 X 188 0 0 MARK SANCHEZ DIRECTOR 4.00 0.00 X 0 0 0 DIANNE BROWN 1ST VICE CHAIR 4.00 0.00 X X 0 0 0 RON MAESTAS 2ND VICE CHAIR 4.00 0.00 X X 0 0 0 1284540 0 91007 8 false true false 273940 273940 INTEREST INCOME 522100 23259671 23259671 FEES AND CHARGES 525990 10420330 10420330 33680001 1905987 1905987 35859928 33680001 0 1905987 1375547 8695982 345148 386012 743044 66151 125115 628619 1589044 7036252 682304 693745 95807 3864317 92926 1230334 PROVISION FOR LOAN LOSS 1221340 1221340 DATA PROCESSING 945200 945200 LOAN SERVICING 874331 874331 547000 31238218 0 0 0 7088765 8879452 164793 2005825 1524008 1969491 361158790 443622703 29573658 10104670 18492258 19468988 128609689 108257500 10452023 11739553 17449 1197735 3532964 4344104 531040739 601485351 2334249 7887010 1125631 753762 23252971 17000000 446617771 524903435 473330622 550544207 X 4737147 4737147 52972970 46203997 57710117 50941144 531040739 601485351 X 4621710 -11348860 -41823 X false true X true true true 5642602 5642602 16630445 6091748 10538697 151674 80847 70827 5617487 3932075 1685412 1531450 1531450 19468988 CERTIFICATES IN BANKS 3729000 C CCFCU PERMANENT CAPITAL 427365 C SHARES IN CORPORATE CREDIT UNIONS 1722471 C INVESTMENT IN DEFERRED COMPENSATION 233353 C FHLB STOCK 1399100 C NCUA CAPITAL DEPOSIT 4228264 C 11739553 MEMBER SHARES 524903435 524903435 35859928 35859928 35859928 31238218 31238218 31238218 X X X X X MIKE ATHENS PRESIDENTCEO 289682 9092 4764 303538 ROY STANGE CHIEF FINANCIAL OFFICER 187413 9624 5898 202935 LILY CURRIN VP OF HUMAN RESOURCES 149587 6899 131 156617 Members or stockholder classes and rights Part VI line 6 THE CUSTOMERS OF THE CREDIT UNION ARE MEMBERS OF THE CREDIT UNION. Member election for additional members Part VI line 7a THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE BOARD. Form 990 governing body review Part VI line 11 THE CHIEF FINANCIAL OFFICER AND THE SENIOR VICE PRESIDENT OF THE HUMAN RESOURCES REVIEW THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. CEO executive director top management comp Part VI line 15a THE BOARD OF THE CREDIT UNION REVIEWS THE CEOS SALARY YEARLY. THE BOARD USES THE CREDIT UNION SALARIES RESEARCH TOOL CUES EXECUTIVE SALARY SURVEY WHEN DETERMINING SALARIES. Governing documents etc available to public Part VI line 19 THE CREDIT UNIONS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CREDIT UNIONS MAIN BRANCH. Explanation of other changes in net assets or fund balances Part XI line 9 DEFERRED COMPENSATION ($41,823)