Mar, 31, 2022 — SANDIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 7 branch locations and about $1.01 billion in total assets. Opened 66 years ago in 1956, SANDIA AREA FEDERAL CREDIT UNION has about 74,158 members and employs 161 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: | http://www.sandia.org |
| Branches: | 7 branch locations |
| Members: | 74,158 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,011,653,231 |
| CEO/Manager: | Paula J Peknik |
| Chairperson: | Burton L Clyde |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,275,997 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 223,148,600 |
| Unsecured Loans | 17,026,020 |
| Other Loans | 601,931,543 |
| TOTAL LOANS | 842,766,777 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,454,334 |
| Land And Building | 14,066,817 |
| Other Fixed Assets | 2,500,215 |
| NCUSIF Deposit | 7,344,849 |
| All Other Assets | 98,963 |
| TOTAL ASSETS | 1,011,653,231 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 30,042,272 |
| Accounts Payable & Other Liabilities | 5,131,397 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 156,666,035 |
| Regular shares | 322,445,374 |
| All Other Shares & Deposits | 397,569,002 |
| TOTAL SHARES & DEPOSITS | 876,680,411 |
| TOTAL LIABILITIES | 911,854,080 |
| Regular Reserve | 0 |
| Other Reserves | -5,283,204 |
| Undivided Earnings | 105,082,355 |
| TOTAL EQUITY | 99,799,151 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,011,653,231 |
| INCOME & EXPENSE | |
| Loan Income | 5,925,892 |
| Investment Income | 456,483 |
| Other Income | 556,089 |
| Total Employee Compensation & Benefits | 2,361,675 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,055,195 |
| Non-operating Income & (Expense) | 39,310 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,000 |
| Cost of Funds | 1,044,870 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,630,387 |
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