Dec, 31, 2021 — FOUR CORNERS FEDERAL CREDIT UNION is a federal credit union headquartered in KIRTLAND, NM with 1 branch location and about $20.32 million in total assets. Opened 57 years ago in 1965, FOUR CORNERS FEDERAL CREDIT UNION has about 5,443 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FOUR CORNERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 16 Road 6500 KIRTLAND, NM 87417 |
Phone: | (505) 598-6623 |
Fax: | (505) 598-6474 |
Website: | http://fourcornersfcu.org |
Branches: | 1 branch locations |
Members: | 5,443 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16754 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,317,356 |
CEO/Manager: | Darrin R Davidson |
Chairperson: | Michael A Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,575,358 |
TOTAL INVESTMENTS | 8,463,973 |
Loans Held for Sale | 0 |
Real Estate Loans | 429,834 |
Unsecured Loans | 1,262,065 |
Other Loans | 3,830,184 |
TOTAL LOANS | 5,522,083 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,792 |
Land And Building | 362,875 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 168,710 |
All Other Assets | 329,149 |
TOTAL ASSETS | 20,317,356 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 107,247 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 9,355,415 |
All Other Shares & Deposits | 7,411,271 |
TOTAL SHARES & DEPOSITS | 16,766,686 |
TOTAL LIABILITIES | 16,873,933 |
Regular Reserve | 573,051 |
Other Reserves | 0 |
Undivided Earnings | 2,870,372 |
TOTAL EQUITY | 3,443,423 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,317,356 |
INCOME & EXPENSE | |
Loan Income | 505,879 |
Investment Income | 111,817 |
Other Income | 722,623 |
Total Employee Compensation & Benefits | 731,054 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 678,365 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 138,627 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -71,444 |
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