Mar, 31, 2021 — U-1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CARLSBAD, NM with 1 branch location and about $10.41 million in total assets. Opened 66 years ago in 1955, U-1ST COMMUNITY FEDERAL CREDIT UNION has about 960 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: | http://www.u1stcommfcu.net |
| Branches: | 1 branch locations |
| Members: | 960 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,414,032 |
| CEO/Manager: | THERESA A QUINONEZ |
| Chairperson: | Van Jarvis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,457,114 |
| TOTAL INVESTMENTS | 1,191,435 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 654,910 |
| Other Loans | 5,428,295 |
| TOTAL LOANS | 6,083,205 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,000 |
| Land And Building | 572,976 |
| Other Fixed Assets | 45,838 |
| NCUSIF Deposit | 62,709 |
| All Other Assets | 56,755 |
| TOTAL ASSETS | 10,414,032 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,384 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,752,916 |
| Regular shares | 3,833,302 |
| All Other Shares & Deposits | 3,607,779 |
| TOTAL SHARES & DEPOSITS | 9,193,997 |
| TOTAL LIABILITIES | 9,213,381 |
| Regular Reserve | 64,386 |
| Other Reserves | 0 |
| Undivided Earnings | 1,136,265 |
| TOTAL EQUITY | 1,200,651 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,414,032 |
| INCOME & EXPENSE | |
| Loan Income | 79,041 |
| Investment Income | 1,208 |
| Other Income | 27,569 |
| Total Employee Compensation & Benefits | 31,558 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 55,155 |
| Non-operating Income & (Expense) | 2,267 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,872 |
| Cost of Funds | 5,711 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,789 |
| ↑ Back to Top | |