Dec, 31, 2023 — U-1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CARLSBAD, NM with 1 branch location and about $9.07 million in total assets. Opened 69 years ago in 1955, U-1ST COMMUNITY FEDERAL CREDIT UNION has about 883 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: | U-1ST COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 N Canal St CARLSBAD, NM 88220-5805 |
| Phone: | (575) 887-1785 |
| Fax: | (575) 887-7220 |
| Website: | https://www.u1stcommfcu.net |
| Branches: | 1 branch locations |
| Members: | 883 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10580 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,074,399 |
| CEO/Manager: | THERESA A QUINONEZ |
| Chairperson: | Van Jarvis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,476,480 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 790,440 |
| Other Loans | 5,450,432 |
| TOTAL LOANS | 6,240,872 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,167 |
| Land And Building | 619,758 |
| Other Fixed Assets | 28,520 |
| NCUSIF Deposit | 78,749 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,074,399 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 34,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,440,781 |
| Regular shares | 4,439,206 |
| All Other Shares & Deposits | 1,898,238 |
| TOTAL SHARES & DEPOSITS | 7,778,225 |
| TOTAL LIABILITIES | 7,812,235 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,262,164 |
| TOTAL EQUITY | 1,262,164 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,074,399 |
| INCOME & EXPENSE | |
| Loan Income | 385,112 |
| Investment Income | 50,526 |
| Other Income | 114,100 |
| Total Employee Compensation & Benefits | 169,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 238,779 |
| Non-operating Income & (Expense) | 9,680 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 197 |
| Cost of Funds | 63,068 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,463 |
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