Sep, 30, 2025 — DEMING SCHOOLS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DEMING, NM with 1 branch location and about $5.49 million in total assets. Opened 72 years ago in 1954, DEMING SCHOOLS EMPLOYEES CREDIT UNION has about 859 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEMING SCHOOLS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 W Florida St DEMING, NM 88030 |
| Phone: | (575) 546-8310 |
| Fax: | (575) 544-8290 |
| Website: | https://www.dsecu.org/ |
| Branches: | 1 branch locations |
| Members: | 859 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61559 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,485,962 |
| CEO/Manager: | Charlotte Speight |
| Chairperson: | Marion D Chrestman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,466,018 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 775,560 |
| Other Loans | 1,443,425 |
| TOTAL LOANS | 2,218,984 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,649 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 43,994 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,485,962 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,112 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,670 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,146,772 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,146,772 |
| TOTAL LIABILITIES | 4,173,554 |
| Regular Reserve | 0 |
| Other Reserves | 146,181 |
| Undivided Earnings | 1,166,227 |
| TOTAL EQUITY | 1,312,408 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,485,962 |
| INCOME & EXPENSE | |
| Loan Income | 176,689 |
| Investment Income | 82,796 |
| Other Income | 368 |
| Total Employee Compensation & Benefits | 83,885 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 58,261 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 53,827 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,880 |
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