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EIN 85-6010427

Loco Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
22
City
Alamogordo
State
New Mexico
Year formed
1953
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Loco Credit Union offers a range of banking services including loans with competitive rates to its members. The organization's mission is centered on providing deposit and loan products and services to its members, while giving back earnings close to $365,000 to them in the form of dividends.
Related structure
Loco Credit Union is child organization, under the parent exemption from Credit Unions in the State of New Mexico.
Also known as...
Credit Unions in the State of New Mexico
Total revenues
$3,995,477
2023
Total expenses
$3,981,773
2023
Total assets
$65,849,910
2023
Num. employees
22
2023

Program areas at Loco Credit Union

The Credit Union provided members a variety of banking services including loans at competetive rates
The Credit Union incresed its member equity position by approximately $996,000 during 2020
The Credit Union returned earnings of close to $365,000 to its members in the form of dividends

Personnel at Loco Credit Union

NameTitleCompensation
Deanna SchlensigChief Executive Officer$73,013
Pam VegaChief Executive Officer and Treasurer / President and Chief Executive Officer$135,500
Rita SaizaChief Financial Officer
Louanne GarciaPast Chief Financial Officer$99,299

Financials for Loco Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$2,567,696
Investment income and dividends$522,791
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$904,990
Total revenues$3,995,477

Form 990s for Loco Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-11990View PDF
2022-122023-05-03990View PDF
2021-122022-07-22990View PDF
2020-122021-09-03990OView PDF
2019-122020-12-07990View PDF
...and 10 more Form 990s

Organizations like Loco Credit Union

OrganizationLocationRevenue
Artesia Credit UnionArtesia, NM$6,977,196
Credit UNIONS IN THE State of New MEXICO / Guadalupe Credit UnionSanta Fe, NM$16,701,986
High Desert Community Credit UnionAztec, NM$1,292,171
Cuba Credit UnionCuba, NM$1,133,870
Financial Security Credit Union (FSCU)Carlsbad, NM$3,728,717
Chaves County School Employees Credit UnionRoswell, NM$1,266,266
Belen Railway Employees Credit UnionBelen, NM$1,498,652
Jemez Valley Credit UnionJemez Springs, NM$1,565,602
Questa Credit UnionQuesta, NM$1,649,711
Preferred Credit UnionGrand Rapids, MI$15,755,243
Data update history
November 18, 2024
Updated personnel
Identified 1 new personnel
August 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 28, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 1743
Alamogordo, NM 88311
County
Otero County, NM
Website URL
lococreditunion.com/ 
Phone
(575) 437-3110
IRS details
EIN
85-6010427
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1953
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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