2023-11-13T21:00:40-07:00 2022-12-31 990 2022-01-01 850153938 CREDIT UNIONS IN THE STATE OF NEW MEXICO CRED 5059828942 2019 GALISTEO STREET SUITE K-1 SANTA FE NM 87505 Michelle Lowrie Vice President of Accounting 5052160552 2023-11-03 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Tanya Romero-Sturgeon 2019 Galisteo Street Suite K-1 Santa Fe NM 87505 22278684 0 X www.guadalupecu.org X 1948 NM Guadalupe Credit Union is a New Mexico State chartered certified development and low income designated credit union providing financial services to its members as provided by the New Mexico Credit Union Act. 5 5 131 10 0 0 889820 1020082 13485139 14482610 182650 1170453 27061 28841 14584670 16701986 0 0 0 0 6222114 6825443 0 0 0 5620262 7095019 11842376 13920462 2742294 2781524 252448158 258363519 227385748 230434157 25062410 27929362 Guadalupe Credit Union is a New Mexico State chartered credit union providing financial services to its members as provided by the New Mexico Credit Union Act. 0 0 We are certified as a Community Development credit union with a low income designation by the CDFI Fund. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5363 0 1 131 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X Guadalupe Credit Union 5059828942 2019 GALISTEO STREET SUITE K-1 SANTA FE NM 87505 X Winona Nava CEO 40 X 260565 0 10581 Tanya Romero Chief Operations Officer/Senior Vice-President 40 X 132696 0 14776 James Tresidder Vice President of Information Technology & Facilities 40 X 109422 0 17040 Maria Vigil Chief Human Resource Officer 40 X 112214 0 9870 Michelle Lowrie Vice President of Accounting 40 X 113953 0 2929 Diane Sandoval-Griego Chief Financial Empowerment & Marketing Officer 40 X 94351 0 18155 Linda Medina Board Chair 8 X X 0 0 0 Bryan Maestas Board Vice-Chair 8 X X 0 0 0 Gladys Cobos-Romero Board Secretary/Treasurer 8 X X 0 0 0 Carmen Dominguez Board Member 8 X 0 0 0 Roberta Armijo Board Member 8 X 0 0 0 823201 0 73351 5 0 1 0 0 0 0 0 0 1020082 0 0 1020082 Loan Interest 522130 9545876 9545876 0 0 Loan Service Charges 522130 608173 608173 0 0 Other Service Charges 522130 4328561 4328561 0 0 0 0 0 0 14482610 1133489 1133489 0 0 0 0 0 0 0 0 0 0 68104 0 39263 0 28841 0 28841 28841 0 0 5484794 89605 5485488 51947 -694 37658 36964 36964 0 0 0 0 16701986 15681904 0 0 0 0 0 0 770180 0 4677070 208783 748722 420688 0 38839 70522 0 0 0 0 218013 1516254 529309 0 506666 36363 0 186262 58 0 477181 0 Dividends paid to members 661347 Professional and outside services 1830120 Provision for Loan Losses 1024085 0 13920462 0 0 0 3915375 3741156 98026503 41251436 0 0 113331 139499 0 0 0 0 134945962 154409030 0 0 3501808 4155423 14218723 3950017 10467096 10268706 1018669 43408437 0 0 512526 459414 477306 252448158 258363519 3390223 3615878 0 0 1004446 399364 0 0 247647 12901 0 0 0 0 0 0 222743432 226406014 227385748 230434157 X 0 0 0 0 25062410 27929362 25062410 27929362 252448158 258363519 X 2781524 0 0 0 0 85428 X 0 1 X 1 1 1 0 1 X 1521645 0 1521645 10498476 0 2398956 8099520 337137 0 304507 32630 1861465 0 1246554 614911 0 0 0 0 10268706 0 Member deposits 225820546 Dividends payable 52721 Lease liability 512526 Other liabilities 20221 226406014 X 16741249 0 0 0 0 0 16741249 0 -39263 -39263 16701986 13959725 0 0 0 39263 39263 13920462 0 0 0 13920462 Schedule D, Part IV, Line 2b Schedule D, Part IV, Line 2b - Escrow accounts are set up on members accounts as a separate sub account. Funds are set aside from each mortgage loan payment and placed into the escrow account. Insurance and property tax payments are made from these accounts. Schedule D, Part X, Line 2 Schedule D, Part X, Line 2 - FASB Accounting Standards Codification 740, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the credit union's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the "more-likely-than-not" threshold would be recorded as tax expense and liability in the current year. For the period of December 31, 2022, management has deteremined that there is no material uncertain tax position. Schedule D, Part XI, Line 4b Schedule D, Part XI, Line 4b - Rental expenses netted from Gross rents for tax purposes $39,263 Schedule D, Part XII, Line 2d Schedule D, Part XII, Line 2d - Rental expenses netted from Gross rents for tax return purposes $39,263 0 0 0 Winona Nava CEO 260565 0 0 0 0 0 0 0 10581 0 271146 0 0 0 Maria Vigil Chief Human Resource Officer 112214 0 0 0 0 0 0 0 9870 0 122084 0 0 0 Tanya Romero Chief Operations Officer/Senior Vice-President 132696 0 0 0 0 0 0 0 14776 0 147472 0 0 0 Diane Sandoval-Griego Chief Financial Empowerment & Marketing Officer 94351 0 0 0 0 0 0 0 18155 0 112506 0 0 0 Michelle Lowrie Vice President of Accounting 113953 0 0 0 0 0 0 0 2929 0 116882 0 0 0 James Tresidder Vice President of Information Technology & Facilities 109422 0 0 0 0 0 0 0 17040 0 126462 0 0 0 Form 990, Part VI, Section A, Line 6 Each member is a shareholder in the credit union. Form 990, Part VI, Section A, Line 7a Each member has the opportunity to vote for the Board of Directors of the credit union. Form 990, Part VI, Section B, Line 11b VP of Accounting prepared 990. CEO reviewed and approved. Once approved by CEO 990 was presented to the Board for final approval. Form 990, Part VI, Section B, Line 12c The internal audit department of the credit union monitors officials and employee accounts to ensure compliance to the policies. Form 990, Part VI, Section B, Line 15 CEO's compensation is reviewed and approved by the Board of Directors. Other executive staff and key employees compensation is reviewed and approved by the CEO. Form 990, Part VI, Section C, Line 19 Financial statements are posted in all of the credit union's branches on a monthly basis. Form 990, Part VII, Section A, Line 1d Form 990, Part VII, Section A, Line 1d - Column (F) includes the annual increase or decrease in actuarial value for the qualified defined benefit plan. The deferred compensation is calculated using the current year minus the prior year accrued benefit lump sum. There was a decrease for 2022. Form 990, Part XI, Line 9 Form 990, Part XI, Line 9 - Change in value is due to other comprehensive income. Guadalupe Credit Union filed an extension which was granted.