Sep, 30, 2025 — SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU) is a federal credit union headquartered in ALBUQUERQUE, NM with 15 branch locations and about $4.52 billion in total assets. Opened 78 years ago in 1948, SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU) has about 172,336 members and employs 573 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SANDIA LABORATORY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3707 Juan Tabo Blvd NE ALBUQUERQUE, NM 87111 |
| Phone: | (505) 293-0500 |
| Fax: | |
| Website: | https://www.gosunward.org |
| Branches: | 15 branch locations |
| Members: | 172,336 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5851 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,518,048,071 |
| CEO/Manager: | Steph Sherrodd |
| Chairperson: | Kim Hedrich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 241,741,480 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,654,744 |
| Real Estate Loans | 1,976,265,655 |
| Unsecured Loans | 175,187,432 |
| Other Loans | 739,960,791 |
| TOTAL LOANS | 2,891,413,878 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,517,843 |
| Land And Building | 50,124,359 |
| Other Fixed Assets | 7,231,342 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 27,661,555 |
| All Other Assets | 561,630 |
| TOTAL ASSETS | 4,518,048,071 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 919,979,683 |
| Accounts Payable & Other Liabilities | 40,579,867 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 642,586,612 |
| Regular shares | 1,003,919,129 |
| All Other Shares & Deposits | 1,631,268,676 |
| TOTAL SHARES & DEPOSITS | 3,277,774,416 |
| TOTAL LIABILITIES | 4,239,031,966 |
| Regular Reserve | 0 |
| Other Reserves | -103,567,768 |
| Undivided Earnings | 382,583,873 |
| TOTAL EQUITY | 279,016,105 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,518,048,071 |
| INCOME & EXPENSE | |
| Loan Income | 117,241,213 |
| Investment Income | 23,320,144 |
| Other Income | 5,303,654 |
| Total Employee Compensation & Benefits | 40,230,137 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 37,915,767 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,335,822 |
| Cost of Funds | 57,438,463 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,664,091 |
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