Dec, 31, 2023 — HIGH DESERT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in AZTEC, NM with 1 branch location and about $19.60 million in total assets. Opened 68 years ago in 1956, HIGH DESERT COMMUNITY CREDIT UNION has about 2,130 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGH DESERT COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 321 S Main Ave AZTEC, NM 87410-2124 |
| Phone: | (505) 334-3047 |
| Fax: | (877) 645-6258 |
| Website: | https://www.highdesertcu.org |
| Branches: | 1 branch locations |
| Members: | 2,130 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66185 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $19,599,584 |
| CEO/Manager: | Liz Rusk |
| Chairperson: | Anna Redding |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,554,837 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,116,187 |
| Unsecured Loans | 194,392 |
| Other Loans | 8,227,501 |
| TOTAL LOANS | 11,212,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,792 |
| Land And Building | 412,440 |
| Other Fixed Assets | 38,475 |
| NCUSIF Deposit | 184,509 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,599,584 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,990 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 320,657 |
| Regular shares | 10,343,910 |
| All Other Shares & Deposits | 6,556,873 |
| TOTAL SHARES & DEPOSITS | 17,221,440 |
| TOTAL LIABILITIES | 17,255,430 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,344,154 |
| TOTAL EQUITY | 2,344,154 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,599,584 |
| INCOME & EXPENSE | |
| Loan Income | 729,077 |
| Investment Income | 311,075 |
| Other Income | 114,508 |
| Total Employee Compensation & Benefits | 302,833 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 322,989 |
| Non-operating Income & (Expense) | 137,511 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 126,958 |
| Cost of Funds | 277,733 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 261,658 |
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