Jun, 30, 2024 — LOS ALAMOS SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ALAMOS, NM with 1 branch location and about $28.21 million in total assets. Opened 70 years ago in 1955, LOS ALAMOS SCHOOLS CREDIT UNION has about 2,023 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: | 2,023 |
| 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: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,209,677 |
| CEO/Manager: | Matthew Schmidt |
| Chairperson: | Bill Boedeker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,366,660 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,880,490 |
| Unsecured Loans | 1,475,998 |
| Other Loans | 7,121,029 |
| TOTAL LOANS | 17,477,517 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -170,000 |
| Land And Building | 2,545,823 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 231,800 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,209,677 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 101,609 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,691,302 |
| Regular shares | 10,881,028 |
| All Other Shares & Deposits | 11,613,783 |
| TOTAL SHARES & DEPOSITS | 25,186,113 |
| TOTAL LIABILITIES | 25,287,725 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,921,952 |
| TOTAL EQUITY | 2,921,952 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,209,677 |
| INCOME & EXPENSE | |
| Loan Income | 629,584 |
| Investment Income | 35,126 |
| Other Income | 158,974 |
| Total Employee Compensation & Benefits | 261,534 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 338,674 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,201 |
| Cost of Funds | 63,285 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 92,990 |
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