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SANDIA AREA FEDERAL CREDIT UNION

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.


ABA Routing Number: 307070047
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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