Mar, 31, 2021 — SANDIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 7 branch locations and about $896.18 million in total assets. Opened 65 years ago in 1956, SANDIA AREA FEDERAL CREDIT UNION has about 70,330 members and employs 147 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) | P.O. BOX 18044 ALBUQUERQUE, NM 87185-0044 |
| Phone: | (505) 292-6343 |
| Fax: | |
| Website: | http://www.sandia.org |
| Branches: | 7 branch locations |
| Members: | 70,330 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $896,181,656 |
| CEO/Manager: | Paula J Peknik |
| Chairperson: | Burton L Clyde |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 43,223,551 |
| TOTAL INVESTMENTS | 86,802,240 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 190,871,869 |
| Unsecured Loans | 13,847,280 |
| Other Loans | 532,756,636 |
| TOTAL LOANS | 737,475,785 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,301,130 |
| Land And Building | 12,626,102 |
| Other Fixed Assets | 2,744,409 |
| NCUSIF Deposit | 6,612,180 |
| All Other Assets | 13,998,519 |
| TOTAL ASSETS | 896,181,656 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 16,036,927 |
| Accounts Payable & Other Liabilities | 5,012,143 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 127,363,667 |
| Regular shares | 279,074,762 |
| All Other Shares & Deposits | 373,837,230 |
| TOTAL SHARES & DEPOSITS | 780,275,659 |
| TOTAL LIABILITIES | 801,324,729 |
| Regular Reserve | 4,271,164 |
| Other Reserves | -3,901,423 |
| Undivided Earnings | 94,487,186 |
| TOTAL EQUITY | 94,856,927 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 896,181,656 |
| INCOME & EXPENSE | |
| Loan Income | 5,979,842 |
| Investment Income | 317,192 |
| Other Income | 543,506 |
| Total Employee Compensation & Benefits | 2,037,070 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,794,163 |
| Non-operating Income & (Expense) | 125,214 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 325,000 |
| Cost of Funds | 1,465,866 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,258,210 |
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