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National Credit Union Service Organization

SANDIA AREA FEDERAL CREDIT UNION

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.


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:69,193
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$870,856,473
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 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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