Sep, 30, 2025 — NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA FE, NM with 1 branch location and about $43.79 million in total assets. Opened 84 years ago in 1942, NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION has about 1,605 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 614 Alta Vista St SANTA FE, NM 87505 |
| Phone: | (505) 982-3802 |
| Fax: | (505) 982-0587 |
| Website: | https://www.nmsefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,605 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4805 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,791,828 |
| CEO/Manager: | Donald J Sarich |
| Chairperson: | Anthony P Velarde |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,275,874 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,663,634 |
| Unsecured Loans | 1,588,256 |
| Other Loans | 5,660,256 |
| TOTAL LOANS | 10,912,146 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -256,398 |
| Land And Building | 238,798 |
| Other Fixed Assets | 116,462 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 338,727 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,791,828 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,730,622 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,702,783 |
| Regular shares | 22,536,147 |
| All Other Shares & Deposits | 10,143,257 |
| TOTAL SHARES & DEPOSITS | 37,382,186 |
| TOTAL LIABILITIES | 39,112,808 |
| Regular Reserve | 0 |
| Other Reserves | -135,383 |
| Undivided Earnings | 4,814,403 |
| TOTAL EQUITY | 4,679,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,791,828 |
| INCOME & EXPENSE | |
| Loan Income | 524,750 |
| Investment Income | 747,134 |
| Other Income | 133,102 |
| Total Employee Compensation & Benefits | 378,673 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 438,833 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 159,391 |
| Cost of Funds | 200,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 246,686 |
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