Sep, 30, 2025 — SANDIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 7 branch locations and about $1.35 billion in total assets. Opened 70 years ago in 1956, SANDIA AREA FEDERAL CREDIT UNION has about 68,226 members and employs 206 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SANDIA AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8000 Palomas Ave NE ALBUQUERQUE, NM 87109 |
| Phone: | (505) 292-6343 |
| Fax: | |
| Website: | https://www.sandia.org |
| Branches: | 7 branch locations |
| Members: | 68,226 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11316 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,352,519,098 |
| CEO/Manager: | Kevin M Todd |
| Chairperson: | Daniel B Lowther |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 57,537,657 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 362,800,501 |
| Unsecured Loans | 81,889,672 |
| Other Loans | 746,284,587 |
| TOTAL LOANS | 1,191,774,062 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,699,168 |
| Land And Building | 28,111,216 |
| Other Fixed Assets | 3,520,592 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,190,391 |
| All Other Assets | 596,310 |
| TOTAL ASSETS | 1,352,519,098 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,379 |
| Notes & Interest Payable | 10,031,391 |
| Accounts Payable & Other Liabilities | 9,133,152 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 173,870,409 |
| Regular shares | 255,398,954 |
| All Other Shares & Deposits | 759,521,989 |
| TOTAL SHARES & DEPOSITS | 1,188,791,353 |
| TOTAL LIABILITIES | 1,207,961,275 |
| Regular Reserve | 0 |
| Other Reserves | -5,639,960 |
| Undivided Earnings | 150,197,783 |
| TOTAL EQUITY | 144,557,823 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,352,519,098 |
| INCOME & EXPENSE | |
| Loan Income | 47,419,889 |
| Investment Income | 3,004,025 |
| Other Income | 2,455,846 |
| Total Employee Compensation & Benefits | 10,796,255 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,608,004 |
| Non-operating Income & (Expense) | 9,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,050,000 |
| Cost of Funds | 20,378,730 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,173,229 |
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