philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Cuba Credit Union

Not tax-deductible

Cuba, NMMutual-benefit / member-servingEIN 23-7253091Revenue $1.2M in FY2024

On file with the IRScubacreditunion.orgPo Box 1660, 87013-1660 · Cuba, NMTax-exempt since Jan 1973

This page gets seen. Tell your story. Claim this org.

Provide loan and deposit products & services to member-owners of the organization at a reasonable cost and with a reasonable rate of return, respectively.

Run by 9 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $250K a year · 27% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$91K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
200 mo
of spending, in cash
Looks good: 200.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.5M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+9% vs prior year
Spent
$888K
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$805K
FY2021$706K
FY2022$779K
FY2023$1.1M
FY2024$1.2M
Expenses
$888K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$580K
FY2021$547K
FY2022$644K
FY2023$751K
FY2024$888K
Net assets
$3.9M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$3.1M
FY2023$3.5M
FY2024$3.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
$91,434Pt VII · Sec A
$0Pt VII · Sec A
Walter Taylor
Vice President
$0Pt VII · Sec A
Jack Nelson
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2021FY2020
Rhonda Jacquez$91,434$76,726$72,175

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cuba Credit Union executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable loans and savings options to its member-owners.

Questions for Cuba Credit Union

Tap to ask. Cuba Credit Union sees how many people are interested.

Your first name shows with your question. Cuba Credit Union answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · in their own filed words · FY2024
01

The credit union provided its members a variety of banking services including loans at rates below those offered by traditional financial institutions.

Pt IX · col B
02

The credit union returned earnings of approximately $156,300 to its members in the form of dividends.

Pt IX · col B
03

The credit union increased the members' equity position by approximately $350,000.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$645K
Fees for servicesLn 2g$586K
Other incomeLn 4–11$8K
Money outPt IX
$888K
Ln 25
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$14.8M
Total assetsLn 16$22.3M
LiabilitiesLn 26$18.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$586K
Investment incomeLn 3$645K
Other incomeLn 4–11$8K
Gains on assetsLn 7−$5K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$577K
SavingsLn 2$14.3M
Cash and savings togetherLn 1–2$14.8M
Land, buildings, equipmentLn 10c$294K
Other assetsLn 15$196K
Total assetsLn 16$22.3M
LiabilitiesLn 26$18.5M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$14.4M$14.8M
Land, buildings, equipmentLn 10c$326K$294K
Total assetsLn 16$21.6M$22.3M
LiabilitiesLn 26$18.1M$18.5M
Net assetsLn 32$3.5M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K
Other salaries and wagesLn 7$179K
Other employee benefitsLn 9$37K
Legal feesLn 11b$5K
Accounting feesLn 11c$15K
Office expensesLn 13$239K
OccupancyLn 16$24K
Conferences, conventions and meetingsLn 19$8K
InterestLn 20$156K
Depreciation, depletion and amortizationLn 22$5K
Other expenses (24a–d)Ln 24$114K
All other expensesLn 24e$15K
Total functional expensesLn 25$888K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$888K$350K$3.9M 990 PDF
FY2023 $1.1M$751K$383K$3.5M 990 PDF
FY2022 $779K$644K$135K$3.1M 990 PDF
FY2021 $706K$547K$159K$2.7M 990 PDF
FY2020 $805K$580K$225K$2.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,238,319 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $567,579$585,504
I-10 Investment incomePrior year $533,912$645,254
I-11 Other revenuePrior year $32,379$7,561
I-12 Total revenuePrior year $1,133,870$1,238,319
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $259,560$307,518
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $491,525$580,519
I-18 Total expensesPrior year $751,085$888,037
I-19 Revenue less expensesPrior year $382,785$350,282
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,238,319 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $585,504$585,504
VIII-3 Investment incomeRelated to mission $649,826$649,826
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,572−$4,572
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,779 · Unrelated business $2,782$7,561
VIII-12 Total revenueRelated to mission $1,235,537 · Unrelated business $2,782 · Excluded from tax $0$1,238,319
Part IX · Statement of functional expenses $888,037 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$91,434
IX-7 Other salaries and wages$178,605
IX-9 Other employee benefits$37,479
IX-11b Legal fees$5,165
IX-11c Accounting fees$14,794
IX-13 Office expenses$239,233
IX-16 Occupancy$23,942
IX-19 Conferences, conventions and meetings$7,520
IX-20 Interest$156,304
IX-22 Depreciation, depletion and amortization$4,697
IX-24 Other expenses (24a–d)$114,172
IX-24e All other expenses$14,692
IX-25 Total functional expenses$888,037
Part X · Balance sheet $22,319,604 assets, 11 lines filed
Asset lines not itemized here account for $6,973,425; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $432,625$577,258
X-2 Savings and temporary cash investmentsStart of year $13,964,191$14,258,381
X-9 Prepaid expenses and deferred chargesStart of year $31,603$20,944
X-10c Land, buildings and equipment, netStart of year $325,853$294,052
X-15 Other assetsStart of year $209,204$195,544
X-16 Total assetsStart of year $21,559,513$22,319,604
X-17 Accounts payable and accrued expensesStart of year $26,053$33,553
X-25 Other liabilitiesStart of year $18,027,888$18,430,198
X-26 Total liabilitiesStart of year $18,053,941$18,463,751
X-32 Total net assets or fund balancesStart of year $3,505,572$3,855,853
X-33 Total liabilities and net assetsStart of year $21,559,513$22,319,604
Part XI · Reconciliation of net assets $3,855,853 net assets at year end
XI-1 Total revenue$1,238,319
XI-2 Total expenses$888,037
XI-3 Revenue less expenses$350,282
XI-4 Net assets at start of year$3,505,572
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$3,855,853

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.