Dec, 31, 2023 — SAN JUAN MOUNTAINS CREDIT UNION is a federally insured state chartered credit union headquartered in MONTROSE, CO with 2 branch locations and about $51.63 million in total assets. Opened 66 years ago in 1958, SAN JUAN MOUNTAINS CREDIT UNION has about 3,915 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.sjmcu.com |
| Branches: | 2 branch locations |
| Members: | 3,915 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,629,832 |
| CEO/Manager: | Tara L Salazar |
| Chairperson: | Judy Knott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,362,641 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,327,177 |
| Unsecured Loans | 1,133,158 |
| Other Loans | 10,152,165 |
| TOTAL LOANS | 35,612,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -349,645 |
| Land And Building | 1,156,733 |
| Other Fixed Assets | 195,831 |
| NCUSIF Deposit | 449,316 |
| All Other Assets | 0 |
| TOTAL ASSETS | 51,629,832 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 95,617 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,777,934 |
| Regular shares | 15,600,350 |
| All Other Shares & Deposits | 19,926,785 |
| TOTAL SHARES & DEPOSITS | 46,305,070 |
| TOTAL LIABILITIES | 46,400,687 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,229,145 |
| TOTAL EQUITY | 5,229,145 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,629,832 |
| INCOME & EXPENSE | |
| Loan Income | 1,784,844 |
| Investment Income | 330,726 |
| Other Income | 206,703 |
| Total Employee Compensation & Benefits | 947,198 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 788,003 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 220,748 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 425,931 |
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