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National Credit Union Service Organization

NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION

Jun, 30, 2023 — NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA FE, NM with 1 branch location and about $36.00 million in total assets. Opened 82 years ago in 1942, NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION has about 1,706 members and employs 10 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:1,706
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:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$36,004,397
CEO/Manager:Donald J Sarich
Chairperson:Anthony P Velarde

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,962,745
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,566,944
 Unsecured Loans 1,603,899
 Other Loans 6,826,119
 TOTAL LOANS 9,996,962
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -38,311
 Land And Building 300,770
 Other Fixed Assets 146,948
 NCUSIF Deposit 302,215
 All Other Assets 0
  TOTAL ASSETS 36,004,397
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 258,828
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,408,000
 Regular shares 23,507,719
 All Other Shares & Deposits 5,077,523
  TOTAL SHARES & DEPOSITS 32,993,242
  TOTAL LIABILITIES 33,252,070
 Regular Reserve 0
 Other Reserves -198,331
 Undivided Earnings 2,950,658
  TOTAL EQUITY 2,752,327
  TOTAL LIABILITIES, SHARES, & EQUITY 36,004,397
INCOME & EXPENSE  
 Loan Income 380,580
 Investment Income 265,828
 Other Income 141,183
 Total Employee Compensation & Benefits 481,314
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 418,019
 Non-operating Income & (Expense) 38,035
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,833
 Cost of Funds 25,313
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -70,944
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