Del Norte Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850124035 ✦ Los alamos, NM ✦ Designated as a 501(c)(14)

Overview

What is Del Norte Credit Union?

Del Norte Credit Union, based in Los Alamos, New Mexico, serves as a cooperative association aimed at enhancing the financial well-being of its members. With a mission to promote thrift and provide a credit source, this nonprofit credit union offers various services including draft and share accounts, consumer loans, share certificates, and other exemption function activities. Established with the goal of improving lives, Del Norte Credit Union employs a team of 281 individuals dedicated to helping their members manage their finances effectively.


Official website here: www.dncu.com

Is Del Norte Credit Union legitimate?

Del Norte Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Del Norte Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,857,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,370,993

For more financial information, click here


Official website here: www.dncu.com

What is the mission statement of Del Norte Credit Union?

Del Norte Credit Union serves as a cooperative association, dedicated to improving lives by encouraging savings and providing credit to its members. Its mission is geared towards enhancing the financial well-being of individuals within the community. By offering draft and share accounts, consumer loans, share certificates, and various other exempt function activities, the credit union aims to create a sustainable source of credit and foster good financial habits among its members.


Official website here: www.dncu.com

Who is the CEO of Del Norte Credit Union?

Charles Chuck Valenti is the Board Member/Chair of Del Norte Credit Union. The CEO's salary of Del Norte Credit Union is $343,109 and their total compensation is $387,762.


Official website here: www.dncu.com

What is the revenue of Del Norte Credit Union?

Del Norte Credit Union's revenue in 2022 was $45,843,178.


Official website here: www.dncu.com

Who are the executives of Del Norte Credit Union and what are their salaries?

The average compensation at Del Norte Credit Union during 2022 was $47,076. There are 281 employees and 15 volunteers at Del Norte Credit Union.

Here are 26 key members and their salaries (Del Norte Credit Union's CEO's salary is $343,109 and their total compensation is $387,762):

    Charles Chuck Valenti (Ceo)
  • Compensation: $343,109
  • Related: $0
  • Other: $44,653

    • David Weidauer (Evp)
  • Compensation: $258,276
  • Related: $0
  • Other: $46,571

    • Christopher Mcgee (Chief Information Officer)
  • Compensation: $185,376
  • Related: $0
  • Other: $52,857

    • Jolene Allen (Chief Culture Officer)
  • Compensation: $194,438
  • Related: $0
  • Other: $43,413

    • Debbie Salazar (Chief Member Experience Officer)
  • Compensation: $194,945
  • Related: $0
  • Other: $39,563

    • Kerry Stacy (Chief Performance Officer)
  • Compensation: $182,803
  • Related: $0
  • Other: $49,578

    • Kimberly Currie (Chief Marketing Officer)
  • Compensation: $171,381
  • Related: $0
  • Other: $46,787

    • Kevin Southwick (Chief Lending Officer)
  • Compensation: $175,820
  • Related: $0
  • Other: $38,554

    • Pamela Atencio (Chief Operations Officer)
  • Compensation: $171,487
  • Related: $0
  • Other: $38,078

    • Marco Padilla (Sr Vp Lending)
  • Compensation: $162,690
  • Related: $0
  • Other: $46,012

    • Timothy Vilter (Cfo)
  • Compensation: $179,336
  • Related: $0
  • Other: $26,800

    • Dana Jaramillo (Svp Support Operations)
  • Compensation: $137,343
  • Related: $0
  • Other: $37,103

    • Amy Mchugh (Svp Governance, Risk & Regulatory Affairs)
  • Compensation: $142,275
  • Related: $0
  • Other: $22,580

    • Ralph Flores (Mortgage Loan Officer)
  • Compensation: $132,793
  • Related: $0
  • Other: $27,806

    • Matthew Cale (Vp It Core Systems)
  • Compensation: $129,152
  • Related: $0
  • Other: $23,921

    • Debra Chavez (Vp Of Accounting)
  • Compensation: $118,234
  • Related: $0
  • Other: $32,809

    • Eric Baldonado (Vp Community Relations)
  • Compensation: $117,665
  • Related: $0
  • Other: $23,048

    • Clyde Leyba (Board Member/Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Art Salgado (Board Member/Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Levi Lopez (Board Member/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Len Montoya (Board Member/Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Feldman (Board Member/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benito Salazar (Board Member/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Luis Alba (Board Member/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin Varela (Board Member/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Santistevan (Board Member/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.dncu.com

    Where can I find the form 990 for Del Norte Credit Union?

    The Del Norte Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dncu.com

    Learn more at the official website: www.dncu.com

    Mission Statement of Del Norte Credit Union

    Del Norte Credit Union, or DNCU, is a cooperative association dedicated to enhancing lives in unique ways. Its mission lies in the promotion of thrift among its members and the creation of a reliable credit source. By doing so, DNCU sets out to make a difference in the lives of its members.

    Through its cooperative structure, DNCU offers various financial services designed to cater to the needs of its members. These services include draft and share accounts, consumer loans, share certificates, and other activities that fall under the Exempt Function category. By providing these financial solutions, DNCU empowers its members to improve their financial situations and build a stronger financial future.

    In essence, DNCU serves as a valuable resource for its members, offering them access to financial tools that enable them to save, borrow, and manage their money effectively. This, in turn, contributes to the overall improvement of their lives, aligning with the credit union's mission to make a positive impact.

    Impact

    This information is meant to be a general summary of Del Norte Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Del Norte Credit Union has a significant impact on the community by improving lives through promoting thrift and providing a source of credit for its members. This cooperative association in Los Alamos, New Mexico, offers various financial services such as draft and share accounts, consumer loans, share certificates, and other activities that benefit its members. By fulfilling its mission, Del Norte Credit Union contributes positively to the financial well-being of individuals and families in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,700
  • Program Service Revenue: $45,836,478
  • Gross Receipts: $45,843,178

    • Assets and Liabilities:
  • Total Assets: $1,030,042,670
  • Total Liabilities: $925,615,468
  • Net Assets: $104,427,202
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE REVENUE

    Revenue

    $45,625,060

    INVESTMENT SERVICES

    Revenue

    $211,418

    Organization Details

    Founding Year

    1954

    Principal Officer

    Charles Chuck Valenti

    Main Address

    PO BOX 1180, LOS ALAMOS, NM, 87544

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Del Norte Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.