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Filing year 2023

STATE EMPLOYEES CREDIT UNION

Santa Fe, New Mexico·EIN 85-6010733·501(c)(14)
Total revenue
$58.4M
Total assets
$1.1B
Total expenses
$48M
Reported officers
19
Mission

NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$594k
$650k
Base
$490k
Bonus
$74k
Other
$12k
Benefits
$18k
EVP Chief Operations Officer
Above 90th percentile
$323k
$353k
Base
$262k
Bonus
$32k
Other
Benefits
$22k
EVP Chief Information Officer
Above 90th percentile
$307k
$336k
Base
$260k
Bonus
$16k
Other
Benefits
$22k
Chief People Officer
Key Employee
75th to 90th percentile
$263k
$288k
Base
$212k
Bonus
$14k
Other
Benefits
$30k
VP Commerical Lending
Board Vice President
75th to 90th percentile
$247k
$271k
Base
$104k
Bonus
$62k
Other
$40k
Benefits
$27k
Chief Lending Officer
Key Employee
Median to 75th percentile
$240k
$262k
Base
$192k
Bonus
$10k
Other
Benefits
$2k
SVP Retail Engagement
Senior Vice President
25th percentile to median
$196k
$214k
Base
$138k
Bonus
$10k
Other
Benefits
$28k
SVP Marketing & Community
Senior Vice President
25th percentile to median
$184k
$201k
Base
$127k
Bonus
$11k
Other
Benefits
$27k
VP Commerical Lending
Board Vice President
Median to 75th percentile
$163k
$179k
Base
$113k
Bonus
$19k
Other
Benefits
$27k
Avp/real Estate Loan Manager
Highest Compensated Employee
25th percentile to median
$159k
$174k
Base
$122k
Bonus
$6k
Other
Benefits
$12k
EVP Chief Financial Off (thru 06/23)
Executive Vice President
25th percentile to median
$111k
$121k
Chief Financial Officer
25th percentile to median
$33k
$37k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 6%
from 2022

From $562k in 2022 to $594k in 2023.

$562k
2022
$594k
2023
In today's dollarsEst.
Up 1% in real terms$641k to $650k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 6% from 2022 to 2023, while revenue rose 21%.

$562k in 2022 to $594k in 2023.
  • Key Employee pay rose 1% from 2022 to 2023.
  • Board Vice President pay rose 38% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

STATE EMPLOYEES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$48.3M
$33.1M
2022
$58.4M
$48M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about STATE EMPLOYEES CREDIT UNION

What does the Chief Executive Officer of STATE EMPLOYEES CREDIT UNION earn?

In 2023, the Chief Executive Officer of STATE EMPLOYEES CREDIT UNION received $593,624 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STATE EMPLOYEES CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at STATE EMPLOYEES CREDIT UNION falls in the top 10%.

What are STATE EMPLOYEES CREDIT UNION's revenue and expenses?

In 2023, STATE EMPLOYEES CREDIT UNION reported $58.4M in total revenue and $48M in total expenses on its IRS Form 990.

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