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Credit Unions In The State Of New Mexico

Loco Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$4M (2023)

Expenses
$3.98M (2023)

Total Assets
$65.8M (2023)

Total Liabilities
$57.2M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,995,477
Expenses
$3,981,773
Net Income
$13,704
Net Assets
$8,693,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,567,696
64.3%
Investment Income $522,791
13.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $904,990
22.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $220,255
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $853,045
21.4%
Assets/Debt
Total Assets $65,849,910
Total Liabilities $57,156,574
Net Assets $8,693,336
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Former Ceo) $147,242 $0 $0
Deanna Schlensig (Ceo/Treasurer) $73,013 $0 $0
Mary Goldsmith (Chair) $0 $0 $0
Dave Olsen (Vice Chair) $0 $0 $0
Susan Kent (Member) $0 $0 $0
David Johnson (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
Tammy Valdez (Member) $0 $0 $0
Gerald Wheeler (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,130,099
Expenses
$3,619,373
Net Income
$510,726
Net Assets
$9,381,037
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,718,184
65.8%
Investment Income $387,722
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,024,193
24.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $234,799
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $795,651
22.0%
Assets/Debt
Total Assets $67,045,402
Total Liabilities $57,664,365
Net Assets $9,381,037
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo/Treasurer) $135,500 $0 $0
Louanne Garcia (Cfo) $99,299 $0 $0
Mary Goldsmith (Chair) $0 $0 $0
Dave Olsen (Vice Chair) $0 $0 $0
Susan Kent (Member) $0 $0 $0
David Johnson (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
Gerald Wheeler (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,847,469
Expenses
$3,542,676
Net Income
$304,793
Net Assets
$9,168,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,615,347
68.0%
Investment Income $313,333
8.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $918,789
23.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $214,129
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $682,756
19.3%
Assets/Debt
Total Assets $66,930,328
Total Liabilities $57,762,241
Net Assets $9,168,087
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo/Treasurer) $122,776 $0 $0
Louanne Garcia (Cfo) $91,353 $0 $0
Mary Goldsmith (Chair) $0 $0 $0
Charles Montjoy (Vice Chair) $0 $0 $0
Susan Kent (Secretary) $0 $0 $0
David Johnson (Member) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
George Wright (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,058,928
Expenses
$3,381,952
Net Income
$676,976
Net Assets
$8,181,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,765,790
68.1%
Investment Income $349,828
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $943,310
23.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $219,127
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $660,358
19.5%
Assets/Debt
Total Assets $58,035,107
Total Liabilities $49,854,020
Net Assets $8,181,087
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo) $123,882 $0 $0
Louanne Garcia (Cfo) $95,245 $0 $0
Mary Goldsmith (Chair) $0 $0 $0
Charles Montjoy (Vice Chair) $0 $0 $0
Susan Kent (Secretary) $0 $0 $0
David Johnson (Member) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
George Wright (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,049,274
Expenses
$3,318,236
Net Income
$731,038
Net Assets
$7,184,783
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,009,344
24.9%
Investment Income $2,996,566
74.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $161
0.0%
Net Inventory Sales $0
Other Revenue $43,203
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $213,762
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $606,799
18.3%
Assets/Debt
Total Assets $50,466,084
Total Liabilities $43,281,301
Net Assets $7,184,783
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo) $122,504 $0 $0
Louanne Garcia (Cfo) $91,258 $0 $0
Mary Goldsmith (Chairperson) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
Susan Kent (Secretary) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
David Johnson (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,519,905
Expenses
$2,834,372
Net Income
$685,533
Net Assets
$6,379,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $858,135
24.4%
Investment Income $2,686,059
76.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$49,518
Net Inventory Sales $0
Other Revenue $25,229
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $202,035
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $525,238
18.5%
Assets/Debt
Total Assets $48,049,840
Total Liabilities $41,670,513
Net Assets $6,379,327
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo) $120,499 $0 $0
Louanne Garcia (Cfo) $81,536 $0 $0
Mary Goldsmith (Chairperson) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
Susan Kent (Secretary) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
David Johnson (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,317,141
Expenses
$2,648,555
Net Income
$668,586
Net Assets
$5,898,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,275,474
98.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,308
0.2%
Net Inventory Sales $0
Other Revenue $36,359
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $196,285
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $472,527
17.8%
Assets/Debt
Total Assets $47,404,165
Total Liabilities $41,505,443
Net Assets $5,898,722
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo) $115,554 $0 $0
Louanne Garcia (Cfo) $80,731 $0 $0
David Johnson (Chairperson) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
Mary Goldsmith (Secretary) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
Susan Kent (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,034,540
Expenses
$2,365,814
Net Income
$668,726
Net Assets
$5,231,642
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,669,471
88.0%
Investment Income $334,116
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,482
0.1%
Net Inventory Sales $0
Other Revenue $26,471
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $178,139
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $449,311
19.0%
Assets/Debt
Total Assets $45,342,267
Total Liabilities $40,110,625
Net Assets $5,231,642
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (President/Ceo) $106,739 $0 $0
Louanne Garcia (Cfo) $71,400 $0 $0
David Johnson (Chairperson) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
Mary Goldsmith (Secretary) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
Susan Kent (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,721,959
Expenses
$1,963,475
Net Income
$758,484
Net Assets
$4,581,585
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,082,270
76.5%
Investment Income $325,353
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $314,336
11.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $150,113
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $412,767
21.0%
Assets/Debt
Total Assets $42,414,113
Total Liabilities $37,832,528
Net Assets $4,581,585
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo) $83,142 $0 $0
Louanne Garcia (Cfo) $66,971 $0 $0
David Johnson (Chairperson) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
Mary Goldsmith (Secretary) $0 $0 $0
Dave Olsen (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
Susan Kent (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,605,894
Expenses
$2,277,755
Net Income
$328,139
Net Assets
$3,865,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,111,180
81.0%
Investment Income $283,343
10.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $211,371
8.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $146,073
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $373,669
16.4%
Assets/Debt
Total Assets $40,726,625
Total Liabilities $36,860,942
Net Assets $3,865,683
Compensation
Key Employees and Officers Compensation Related Other
Pam Vega (Ceo) $82,011 $0 $0
David Johnson (Chairman) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
Mary Goldsmith (Secretary) $0 $0 $0
Dave Olson (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
George Padilla (Member) $0 $0 $0
Louanne Garcia (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,842,483
Expenses
$2,275,366
Net Income
$567,117
Net Assets
$3,577,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,621,983
92.2%
Investment Income $208,261
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,239
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $133,006
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $316,023
13.9%
Assets/Debt
Total Assets $39,037,281
Total Liabilities $35,459,308
Net Assets $3,577,973
Compensation
Key Employees and Officers Compensation Related Other
George Padilla (Member) $0 $0 $0
Mary Goldsmith (Member) $0 $0 $0
George Wright (Member) $0 $0 $0
Charles Montjoy (Vice Chairperson) $0 $0 $0
David Johnson (Chairman) $0 $0 $0
Dave Olsen (Secretary) $0 $0 $0
Pam Vega (Ceo) $0 $0 $0
Louanne Garcia (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,708,335
Expenses
$1,801,663
Net Income
$906,672
Net Assets
$2,983,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,502,380
92.4%
Investment Income $194,720
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,235
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $126,438
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $246,620
13.7%
Assets/Debt
Total Assets $33,621,938
Total Liabilities $30,638,341
Net Assets $2,983,597

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,118,347
Expenses
$1,618,116
Net Income
$500,231
Net Assets
$2,528,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,898,822
89.6%
Investment Income $208,690
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,835
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $211,279
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $178,133
11.0%
Assets/Debt
Total Assets $28,353,424
Total Liabilities $25,825,395
Net Assets $2,528,029

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,860,977
Expenses
$1,580,688
Net Income
$280,289
Net Assets
$2,027,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,656,461
89.0%
Investment Income $202,045
10.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,471
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $194,858
12.3%
Professional Fundraising Fees $0
Other Salaries and Wages $179,402
11.3%
Assets/Debt
Total Assets $25,127,749
Total Liabilities $23,099,950
Net Assets $2,027,799

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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