Sep, 30, 2025 — U-1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CARLSBAD, NM with 1 branch location and about $9.51 million in total assets. Opened 71 years ago in 1955, U-1ST COMMUNITY FEDERAL CREDIT UNION has about 864 members and employs 3 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: | 864 |
| 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: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,510,128 |
| CEO/Manager: | THERESA A QUINONEZ |
| Chairperson: | Van Jarvis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,586,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 895,425 |
| Other Loans | 5,053,666 |
| TOTAL LOANS | 5,949,091 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,929 |
| Land And Building | 601,950 |
| Other Fixed Assets | 19,327 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 78,730 |
| All Other Assets | 8,000 |
| TOTAL ASSETS | 9,510,128 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,413,992 |
| Regular shares | 4,412,622 |
| All Other Shares & Deposits | 2,236,418 |
| TOTAL SHARES & DEPOSITS | 8,063,031 |
| TOTAL LIABILITIES | 8,088,572 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,421,556 |
| TOTAL EQUITY | 1,421,556 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,510,128 |
| INCOME & EXPENSE | |
| Loan Income | 313,291 |
| Investment Income | 57,516 |
| Other Income | 83,203 |
| Total Employee Compensation & Benefits | 135,146 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 195,607 |
| Non-operating Income & (Expense) | 6,329 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
| Cost of Funds | 57,376 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,210 |
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