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Filing year 2023

STATE EMPLOYEES CREDIT UNION

Santa Fe, New Mexico·EIN 85-6010733·14
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 · Schedule J · 12 reported individuals · Filing year 2023

$594k
$650k
Base
$490k
Bonus
$74k
Other
$12k
Benefits
$18k
EVP Chief Operations Officer
$323k
$353k
Base
$262k
Bonus
$32k
Other
Benefits
$22k
EVP Chief Information Officer
$307k
$336k
Base
$260k
Bonus
$16k
Other
Benefits
$22k
Chief People Officer
key employee
$263k
$288k
Base
$212k
Bonus
$14k
Other
Benefits
$30k
VP Commerical Lending
vice president
$247k
$271k
Base
$104k
Bonus
$62k
Other
$40k
Benefits
$27k
Chief Lending Officer
key employee
$240k
$262k
Base
$192k
Bonus
$10k
Other
Benefits
$2k
SVP Retail Engagement
senior vice president
$196k
$214k
Base
$138k
Bonus
$10k
Other
Benefits
$28k
SVP Marketing & Community
senior vice president
$184k
$201k
Base
$127k
Bonus
$11k
Other
Benefits
$27k
VP Commerical Lending
vice president
$163k
$179k
Base
$113k
Bonus
$19k
Other
Benefits
$27k
Avp/real Estate Loan Manager
highest compensated employee
$159k
$174k
Base
$122k
Bonus
$6k
Other
Benefits
$12k
EVP Chief Financial Off (thru 06/23)
executive vice president
$111k
$121k
Chief Financial Officer
$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.

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.
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