Dec, 31, 2020 — SANDIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 7 branch locations and about $870.86 million in total assets. Opened 65 years ago in 1956, SANDIA AREA FEDERAL CREDIT UNION has about 69,193 members and employs 149 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 |
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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: | 69,193 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11316 |
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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, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $870,856,473 |
CEO/Manager: | Paula J Peknik |
Chairperson: | Burton L Clyde |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,638,428 |
TOTAL INVESTMENTS | 85,018,025 |
Loans Held for Sale | 0 |
Real Estate Loans | 182,315,095 |
Unsecured Loans | 15,530,830 |
Other Loans | 532,254,339 |
TOTAL LOANS | 730,100,264 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,117,433 |
Land And Building | 12,690,334 |
Other Fixed Assets | 2,809,826 |
NCUSIF Deposit | 6,612,180 |
All Other Assets | 14,104,849 |
TOTAL ASSETS | 870,856,473 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 25,545,966 |
Accounts Payable & Other Liabilities | 3,928,451 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 120,185,199 |
Regular shares | 253,204,152 |
All Other Shares & Deposits | 375,309,903 |
TOTAL SHARES & DEPOSITS | 748,699,254 |
TOTAL LIABILITIES | 778,173,671 |
Regular Reserve | 4,271,164 |
Other Reserves | -3,817,339 |
Undivided Earnings | 92,228,977 |
TOTAL EQUITY | 92,682,802 |
TOTAL LIABILITIES, SHARES, & EQUITY | 870,856,473 |
INCOME & EXPENSE | |
Loan Income | 24,455,383 |
Investment Income | 908,049 |
Other Income | 6,455,976 |
Total Employee Compensation & Benefits | 8,249,259 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,474,725 |
Non-operating Income & (Expense) | 405,217 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,380,000 |
Cost of Funds | 7,000,602 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,120,039 |
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