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BELEN RAILWAY EMPLOYEES CREDIT UNION

Dec, 31, 2023 — BELEN RAILWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BELEN, NM with 1 branch location and about $63.73 million in total assets. Opened 69 years ago in 1955, BELEN RAILWAY EMPLOYEES CREDIT UNION has about 3,218 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BELEN RAILWAY EMPLOYEES CREDIT UNION
Address:
(Main Office)
300 N 6th St
BELEN, NM 87002
Phone:(505) 864-4740
Fax:(505) 864-6904
Website:https://wwwbrecu.org
Branches:1 branch locations
Members:3,218
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62841
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$63,734,149
CEO/Manager:GERRY TROYER
Chairperson:HORACIO R PADILLA

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,745,838
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,639,830
 Unsecured Loans 4,240,412
 Other Loans 31,389,714
 TOTAL LOANS 41,269,956
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -262,034
 Land And Building 1,529,661
 Other Fixed Assets 398,227
 NCUSIF Deposit 500,219
 All Other Assets 3,000
  TOTAL ASSETS 63,734,149
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 549,853
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,183,770
 Regular shares 21,264,298
 All Other Shares & Deposits 32,077,558
  TOTAL SHARES & DEPOSITS 56,525,626
  TOTAL LIABILITIES 57,075,479
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 6,658,670
  TOTAL EQUITY 6,658,670
  TOTAL LIABILITIES, SHARES, & EQUITY 63,734,149
INCOME & EXPENSE  
 Loan Income 2,417,505
 Investment Income 368,914
 Other Income 474,358
 Total Employee Compensation & Benefits 828,599
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,561,952
 Non-operating Income & (Expense) -4,032
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,497
 Cost of Funds 937,910
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -88,670
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