Dec, 31, 2023 — SAN JUAN MOUNTAINS CREDIT UNION is a federally insured state chartered credit union headquartered in MONTROSE, CO with 2 branch locations and about $51.63 million in total assets. Opened 66 years ago in 1958, SAN JUAN MOUNTAINS CREDIT UNION has about 3,915 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SAN JUAN MOUNTAINS CREDIT UNION |
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Address: (Main Office) | 1400 E Main St MONTROSE, CO 81401 |
Phone: | (970) 249-5319 |
Fax: | (970) 249-1377 |
Website: | https://www.sjmcu.com |
Branches: | 2 branch locations |
Members: | 3,915 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60110 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,629,832 |
CEO/Manager: | Tara L Salazar |
Chairperson: | Judy Knott |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,362,641 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,327,177 |
Unsecured Loans | 1,133,158 |
Other Loans | 10,152,165 |
TOTAL LOANS | 35,612,500 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -349,645 |
Land And Building | 1,156,733 |
Other Fixed Assets | 195,831 |
NCUSIF Deposit | 449,316 |
All Other Assets | 0 |
TOTAL ASSETS | 51,629,832 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 95,617 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,777,934 |
Regular shares | 15,600,350 |
All Other Shares & Deposits | 19,926,785 |
TOTAL SHARES & DEPOSITS | 46,305,070 |
TOTAL LIABILITIES | 46,400,687 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,229,145 |
TOTAL EQUITY | 5,229,145 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,629,832 |
INCOME & EXPENSE | |
Loan Income | 1,784,844 |
Investment Income | 330,726 |
Other Income | 206,703 |
Total Employee Compensation & Benefits | 947,198 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 788,003 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 220,748 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 425,931 |
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