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SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU)

Jun, 30, 2023 — SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU) is a federal credit union headquartered in ALBUQUERQUE, NM with 12 branch locations and about $3.45 billion in total assets. Opened 76 years ago in 1948, SANDIA LABORATORY FEDERAL CREDIT UNION (SLFCU) has about 135,690 members and employs 415 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 307083911
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.slfcu.org
Branches:12 branch locations
Members:135,690
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$3,451,151,040
CEO/Manager:Steph Sherrodd
Chairperson:Chuck Maheras

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 120,806,743
TOTAL INVESTMENTS 0
Loans Held for Sale 574,400
 
 Real Estate Loans 955,852,740
 Unsecured Loans 57,187,720
 Other Loans 601,946,080
 TOTAL LOANS 1,614,986,540
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,837,366
 Land And Building 39,520,515
 Other Fixed Assets 7,537,452
 NCUSIF Deposit 28,508,445
 All Other Assets 318,549
  TOTAL ASSETS 3,451,151,040
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 34,706,885
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 606,272,561
 Regular shares 1,476,611,298
 All Other Shares & Deposits 1,209,949,787
  TOTAL SHARES & DEPOSITS 3,292,833,646
  TOTAL LIABILITIES 3,327,540,531
 Regular Reserve 0
 Other Reserves -245,235,462
 Undivided Earnings 368,845,971
  TOTAL EQUITY 123,610,509
  TOTAL LIABILITIES, SHARES, & EQUITY 3,451,151,040
INCOME & EXPENSE  
 Loan Income 43,566,668
 Investment Income 24,725,808
 Other Income 4,742,280
 Total Employee Compensation & Benefits 29,346,318
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,794,143
 Non-operating Income & (Expense) 463,744
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,482,000
 Cost of Funds 12,640,342
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,401,494
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