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QUAY SCHOOLS FEDERAL CREDIT UNION

Dec, 31, 2023 — QUAY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in TUCUMCARI, NM with 1 branch location and about $7.84 million in total assets. Opened 63 years ago in 1961, QUAY SCHOOLS FEDERAL CREDIT UNION has about 1,130 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:QUAY SCHOOLS FEDERAL CREDIT UNION
Address:
(Main Office)
523 S 2nd St
TUCUMCARI, NM 88401-2861
Phone:(575) 461-3638
Fax:(575) 461-3864
Website:n/a
Branches:1 branch locations
Members:1,130
Credit Union Type:Federal Credit Union
Charter Number:14758
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1961
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$7,844,841
CEO/Manager:Angie White
Chairperson:Stacy Kent

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 995,225
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 433,818
 Other Loans 4,285,161
 TOTAL LOANS 4,718,979
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -57,392
 Land And Building 149,797
 Other Fixed Assets 52,549
 NCUSIF Deposit 62,442
 All Other Assets 0
  TOTAL ASSETS 7,844,841
LIABILITIES & CAPITAL:  
 Dividends Payable 30,884
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 44,734
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,665,783
 All Other Shares & Deposits 2,589,477
  TOTAL SHARES & DEPOSITS 6,255,260
  TOTAL LIABILITIES 6,330,878
 Regular Reserve 0
 Other Reserves 54,977
 Undivided Earnings 1,458,986
  TOTAL EQUITY 1,513,963
  TOTAL LIABILITIES, SHARES, & EQUITY 7,844,841
INCOME & EXPENSE  
 Loan Income 306,577
 Investment Income 102,111
 Other Income 23,960
 Total Employee Compensation & Benefits 187,150
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 106,975
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -13,504
 Cost of Funds 92,637
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 71,220
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