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NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION

Dec, 31, 2021 — NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA FE, NM with 1 branch location and about $33.25 million in total assets. Opened 80 years ago in 1942, NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION has about 1,718 members and employs 9 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:http://www.nmsefcu.org
Branches:1 branch locations
Members:1,718
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:$33,252,212
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 7,705,944
TOTAL INVESTMENTS 15,562,252
Loans Held for Sale 0
 
 Real Estate Loans 852,514
 Unsecured Loans 1,357,427
 Other Loans 6,996,436
 TOTAL LOANS 9,206,377
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,000
 Land And Building 316,264
 Other Fixed Assets 129,415
 NCUSIF Deposit 261,883
 All Other Assets 100,077
  TOTAL ASSETS 33,252,212
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 235,150
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,698,089
 Regular shares 20,735,361
 All Other Shares & Deposits 4,788,094
  TOTAL SHARES & DEPOSITS 30,221,544
  TOTAL LIABILITIES 30,456,694
 Regular Reserve 226,997
 Other Reserves -453,082
 Undivided Earnings 3,021,603
  TOTAL EQUITY 2,795,518
  TOTAL LIABILITIES, SHARES, & EQUITY 33,252,212
INCOME & EXPENSE  
 Loan Income 504,797
 Investment Income 241,444
 Other Income 193,579
 Total Employee Compensation & Benefits 590,863
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 500,737
 Non-operating Income & (Expense) 1,310,713
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 751
 Cost of Funds 31,392
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,173,979
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