Dec, 31, 2023 — LOS ALAMOS SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ALAMOS, NM with 1 branch location and about $30.26 million in total assets. Opened 69 years ago in 1955, LOS ALAMOS SCHOOLS CREDIT UNION has about 2,126 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOS ALAMOS SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1010 Central Ave. LOS ALAMOS, NM 87544 |
| Phone: | (505) 662-3421 |
| Fax: | |
| Website: | https://www.lascu.org |
| Branches: | 1 branch locations |
| Members: | 2,126 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61165 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,259,946 |
| CEO/Manager: | Matthew Schmidt |
| Chairperson: | Bill Boedeker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,078,116 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,786,909 |
| Unsecured Loans | 1,670,216 |
| Other Loans | 10,308,465 |
| TOTAL LOANS | 21,765,590 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -145,000 |
| Land And Building | 2,467,495 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 239,592 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,259,946 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 118,245 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,969,117 |
| Regular shares | 10,783,285 |
| All Other Shares & Deposits | 12,217,049 |
| TOTAL SHARES & DEPOSITS | 26,969,451 |
| TOTAL LIABILITIES | 27,087,699 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,172,247 |
| TOTAL EQUITY | 3,172,247 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,259,946 |
| INCOME & EXPENSE | |
| Loan Income | 1,054,048 |
| Investment Income | 225,838 |
| Other Income | 135,689 |
| Total Employee Compensation & Benefits | 420,122 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 484,851 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,229 |
| Cost of Funds | 234,003 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 210,370 |
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