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SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU)

Dec, 31, 2023 — SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU) is a federal credit union headquartered in ALBUQUERQUE, NM with 12 branch locations and about $3.77 billion in total assets. Opened 76 years ago in 1948, SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU) has about 144,482 members and employs 503 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 307083911
Name:SANDIA LABORATORY FEDERAL CREDIT UNION
Address:
(Main Office)
3707 Juan Tabo Blvd NE
ALBUQUERQUE, NM 87111
Phone:(505) 293-0500
Fax:
Website:https://www.slfcu.org
Branches:12 branch locations
Members:144,482
Credit Union Type:Federal Credit Union
Charter Number:5851
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1948
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$3,766,637,073
CEO/Manager:Steph Sherrodd
Chairperson:Chuck Maheras

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 186,184,736
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,254,759,376
 Unsecured Loans 105,437,276
 Other Loans 674,060,786
 TOTAL LOANS 2,034,257,438
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,703,845
 Land And Building 40,722,064
 Other Fixed Assets 5,730,179
 NCUSIF Deposit 27,677,986
 All Other Assets 0
  TOTAL ASSETS 3,766,637,073
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 424,780,947
 Accounts Payable & Other Liabilities 32,128,472
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 597,502,039
 Regular shares 1,163,634,921
 All Other Shares & Deposits 1,351,179,875
  TOTAL SHARES & DEPOSITS 3,112,316,834
  TOTAL LIABILITIES 3,569,994,253
 Regular Reserve 0
 Other Reserves -177,031,155
 Undivided Earnings 373,673,975
  TOTAL EQUITY 196,642,820
  TOTAL LIABILITIES, SHARES, & EQUITY 3,766,637,073
INCOME & EXPENSE  
 Loan Income 83,893,002
 Investment Income 40,271,866
 Other Income 6,642,498
 Total Employee Compensation & Benefits 48,864,874
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 36,740,861
 Non-operating Income & (Expense) 246,834
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,682,347
 Cost of Funds 46,204,305
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,130,002
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