Dec, 31, 2023 — DEMING SCHOOLS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DEMING, NM with 1 branch location and about $5.56 million in total assets. Opened 70 years ago in 1954, DEMING SCHOOLS EMPLOYEES CREDIT UNION has about 824 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEMING SCHOOLS EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 501 W Florida St DEMING, NM 88030 |
Phone: | (575) 546-8310 |
Fax: | (575) 544-8290 |
Website: | https://dsecu.org/ |
Branches: | 1 branch locations |
Members: | 824 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61559 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,564,258 |
CEO/Manager: | Charlotte Speight |
Chairperson: | Steve Black |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,413,590 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 901,962 |
Other Loans | 1,974,920 |
TOTAL LOANS | 2,876,882 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 51,688 |
All Other Assets | 0 |
TOTAL ASSETS | 5,564,258 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,000 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,346,758 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,346,758 |
TOTAL LIABILITIES | 4,354,758 |
Regular Reserve | 0 |
Other Reserves | 146,182 |
Undivided Earnings | 1,063,318 |
TOTAL EQUITY | 1,209,500 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,564,258 |
INCOME & EXPENSE | |
Loan Income | 219,343 |
Investment Income | 119,237 |
Other Income | 152 |
Total Employee Compensation & Benefits | 75,090 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 68,103 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,669 |
Cost of Funds | 96,820 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 73,050 |
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