ALBUQUERQUE, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREDIT UNIONS IN THE STATE OF NEW MEXICO, founded in 1953, is a mid-sized nonprofit that reported $49.3M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $58.9M exceeded revenue, resulting in a 19% operating deficit.
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.
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...
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.
FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES.
INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $49,308,942 | $39,583,621 | +0.2% |
| Expenses | $58,904,437 | $42,140,393 | +0.4% |
| Net Income | $-9,595,495 | $-2,556,772 | +2.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL MAYFIELD | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| IRENE SERENA | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| LISA SEDILLO-WHITE | BOARD VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| CYNTHIA BORREGO | SECRETARY TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK SANCHEZ | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| DIANNE BROWN | BOARD CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN BIERNACKI | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| TONY DEES | PRESIDENT / CEO | 40.00 |
Officer
|
$79,327 | $0 | $79,327 |
| LUKE TANNER | VP OF MARKETING AND COMPLIANCE | 40.00 |
Officer
|
$107,910 | $0 | $107,910 |
| MEL LEE | CHIEF INFORMATION OFFICER | 40.00 |
Officer
|
$168,147 | $0 | $168,147 |
| JACOB ARMIJO | CHIEF LENDING OFFICER | 40.00 |
Officer
|
$23,152 | $0 | $23,152 |
| APRIL BRADSHAW | CHIEF OPERATIONS OFFICER | 40.00 |
Officer
|
$137,989 | $0 | $137,989 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $49,308,942 | $58,904,437 | $679,457,247 | $-9,595,495 |
| 2023 | $39,583,621 | $42,140,393 | $611,932,366 | $-2,556,772 |
| 2022 | $35,859,928 | $31,238,218 | $601,485,351 | $4,621,710 |
| 2021 | $30,802,592 | $27,371,125 | $531,040,739 | $3,431,467 |
| 2020 | $24,727,029 | $23,836,908 | $440,440,777 | $890,121 |
| 2019 | $24,886,521 | $20,393,929 | $344,828,173 | $4,492,592 |
| 2018 | $23,174,587 | $17,824,494 | $326,745,451 | $5,350,093 |
Compare CREDIT UNIONS IN THE STATE OF NEW MEXICO with other nonprofits in New Mexico and across the country.