Dec, 31, 2023 — ST. MARY CREDIT UNION is a federally insured state chartered credit union headquartered in WALSENBURG, CO with 1 branch location and about $7.49 million in total assets. Opened 81 years ago in 1943, ST. MARY CREDIT UNION has about 1,550 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. MARY CREDIT UNION |
|---|---|
| Address: (Main Office) | 809 Main St Ste 1 WALSENBURG, CO 81089 |
| Phone: | (719) 738-1760 |
| Fax: | (719) 738-6306 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,550 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65636 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,488,184 |
| CEO/Manager: | Marian Tressell |
| Chairperson: | Paul Sedillo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 870,359 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 824,439 |
| Unsecured Loans | 90,373 |
| Other Loans | 2,220,992 |
| TOTAL LOANS | 3,135,804 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -128,336 |
| Land And Building | 0 |
| Other Fixed Assets | 605 |
| NCUSIF Deposit | 72,172 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,488,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,179 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,986,688 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,986,688 |
| TOTAL LIABILITIES | 5,991,867 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,496,317 |
| TOTAL EQUITY | 1,496,317 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,488,184 |
| INCOME & EXPENSE | |
| Loan Income | 142,864 |
| Investment Income | 98,967 |
| Other Income | 255 |
| Total Employee Compensation & Benefits | 162,184 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 69,111 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 63,105 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -49,523 |
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