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NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA FE, NM with 1 branch location and about $35.25 million in total assets. Opened 80 years ago in 1942, NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION has about 1,720 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:http://www.nmsefcu.org
Branches:1 branch locations
Members:1,720
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:$35,246,188
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 7,649,078
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 938,628
 Unsecured Loans 1,436,491
 Other Loans 7,165,292
 TOTAL LOANS 9,540,411
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,433
 Land And Building 311,099
 Other Fixed Assets 138,827
 NCUSIF Deposit 261,883
 All Other Assets 0
  TOTAL ASSETS 35,246,188
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 340,783
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,884,440
 Regular shares 22,433,317
 All Other Shares & Deposits 4,820,183
  TOTAL SHARES & DEPOSITS 32,137,940
  TOTAL LIABILITIES 32,478,723
 Regular Reserve 0
 Other Reserves -216,834
 Undivided Earnings 2,984,299
  TOTAL EQUITY 2,767,465
  TOTAL LIABILITIES, SHARES, & EQUITY 35,246,188
INCOME & EXPENSE  
 Loan Income 121,536
 Investment Income 94,090
 Other Income 46,895
 Total Employee Compensation & Benefits 177,350
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 135,760
 Non-operating Income & (Expense) 16,835
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,833
 Cost of Funds 8,086
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -37,304
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