Dec, 31, 2023 — LOCO CREDIT UNION is a federally insured state chartered credit union headquartered in ALAMOGORDO, NM with 1 branch location and about $65.85 million in total assets. Opened 71 years ago in 1953, LOCO CREDIT UNION has about 4,651 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCO CREDIT UNION |
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Address: (Main Office) | 808 Washington Ave ALAMOGORDO, NM 88310-5166 |
Phone: | (575) 437-3110 |
Fax: | (575) 437-5646 |
Website: | https://www.lococreditunion.com |
Branches: | 1 branch locations |
Members: | 4,651 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66117 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $65,849,910 |
CEO/Manager: | Deanna Schlensig |
Chairperson: | Mary J Goldsmith |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,578,946 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 44,303 |
Unsecured Loans | 3,109,590 |
Other Loans | 24,869,404 |
TOTAL LOANS | 28,023,298 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -594,731 |
Land And Building | 1,417,311 |
Other Fixed Assets | 92,019 |
NCUSIF Deposit | 539,697 |
All Other Assets | 0 |
TOTAL ASSETS | 65,849,910 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,973 |
Notes & Interest Payable | 1,397,531 |
Accounts Payable & Other Liabilities | 686,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,971,406 |
Regular shares | 25,954,681 |
All Other Shares & Deposits | 19,127,063 |
TOTAL SHARES & DEPOSITS | 55,053,151 |
TOTAL LIABILITIES | 57,156,574 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,693,336 |
TOTAL EQUITY | 8,693,336 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,849,910 |
INCOME & EXPENSE | |
Loan Income | 2,567,696 |
Investment Income | 522,791 |
Other Income | 423,117 |
Total Employee Compensation & Benefits | 1,387,477 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,651,685 |
Non-operating Income & (Expense) | 48,313 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 308,230 |
Cost of Funds | 658,419 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,703 |
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