Sep, 30, 2025 — SAN JUAN MOUNTAINS CREDIT UNION is a federally insured state chartered credit union headquartered in MONTROSE, CO with 2 branch locations and about $58.38 million in total assets. Opened 68 years ago in 1958, SAN JUAN MOUNTAINS CREDIT UNION has about 3,393 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: | SAN JUAN MOUNTAINS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1400 E Main St MONTROSE, CO 81401 |
| Phone: | (970) 249-5319 |
| Fax: | (970) 249-1377 |
| Website: | https://www.sjmcreditunion.org |
| Branches: | 2 branch locations |
| Members: | 3,393 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60110 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $58,380,655 |
| CEO/Manager: | Tara L Salazar |
| Chairperson: | PAUL R MCDERMOTT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,445,726 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,782,014 |
| Unsecured Loans | 877,417 |
| Other Loans | 10,308,828 |
| TOTAL LOANS | 34,968,259 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,075 |
| Land And Building | 1,120,454 |
| Other Fixed Assets | 145,283 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 470,150 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,380,655 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 215,905 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,793,246 |
| Regular shares | 17,145,908 |
| All Other Shares & Deposits | 22,024,812 |
| TOTAL SHARES & DEPOSITS | 51,963,966 |
| TOTAL LIABILITIES | 52,179,871 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,200,784 |
| TOTAL EQUITY | 6,200,784 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,380,655 |
| INCOME & EXPENSE | |
| Loan Income | 1,496,163 |
| Investment Income | 556,873 |
| Other Income | 168,366 |
| Total Employee Compensation & Benefits | 738,657 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 667,132 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,880 |
| Cost of Funds | 408,899 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 464,743 |
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