Jun, 30, 2024 — 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 83 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 |
| 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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