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SANDIA AREA FEDERAL CREDIT UNION

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.


ABA Routing Number: 307070047
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

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
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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