Dec, 31, 2022 — 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 75 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.
| 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 |
| 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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