Dec, 31, 2020 — U-1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CARLSBAD, NM with 1 branch location and about $9.83 million in total assets. Opened 66 years ago in 1955, U-1ST COMMUNITY FEDERAL CREDIT UNION has about 984 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 |
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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: | 984 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10580 |
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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: | $9,829,642 |
CEO/Manager: | THERESA A QUINONEZ |
Chairperson: | Van Jarvis |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,233,902 |
TOTAL INVESTMENTS | 851,435 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 708,688 |
Other Loans | 5,338,329 |
TOTAL LOANS | 6,047,017 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,000 |
Land And Building | 577,476 |
Other Fixed Assets | 49,479 |
NCUSIF Deposit | 62,709 |
All Other Assets | 63,624 |
TOTAL ASSETS | 9,829,642 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 22,896 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,670,500 |
Regular shares | 3,710,515 |
All Other Shares & Deposits | 3,238,868 |
TOTAL SHARES & DEPOSITS | 8,619,883 |
TOTAL LIABILITIES | 8,642,779 |
Regular Reserve | 64,386 |
Other Reserves | 0 |
Undivided Earnings | 1,122,477 |
TOTAL EQUITY | 1,186,863 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,829,642 |
INCOME & EXPENSE | |
Loan Income | 316,491 |
Investment Income | 32,155 |
Other Income | 95,405 |
Total Employee Compensation & Benefits | 159,820 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 245,264 |
Non-operating Income & (Expense) | 21,327 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,403 |
Cost of Funds | 34,042 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 23,849 |
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