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 |
|---|---|
| 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 |
| 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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