Mar, 31, 2022 — RINCONES PRESBYTERIAN CREDIT UNION is a federally insured state chartered credit union headquartered in CHACON, NM with 1 branch location and about $5.27 million in total assets. Opened 62 years ago in 1960, RINCONES PRESBYTERIAN CREDIT UNION has about 840 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RINCONES PRESBYTERIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 11 Kingfisher Road CHACON, NM 87713 |
| Phone: | (575) 387-6339 |
| Fax: | (575) 387-6854 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 840 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61946 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,268,972 |
| CEO/Manager: | Teresita Vigil |
| Chairperson: | Arthur Romero |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 878,635 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 47,913 |
| Other Loans | 3,944,516 |
| TOTAL LOANS | 4,018,320 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,621 |
| Land And Building | 76,666 |
| Other Fixed Assets | 14,776 |
| NCUSIF Deposit | 44,599 |
| All Other Assets | 1,755 |
| TOTAL ASSETS | 5,268,972 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,833 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,921,355 |
| All Other Shares & Deposits | 2,785,213 |
| TOTAL SHARES & DEPOSITS | 4,706,568 |
| TOTAL LIABILITIES | 4,733,411 |
| Regular Reserve | 0 |
| Other Reserves | 19,301 |
| Undivided Earnings | 516,260 |
| TOTAL EQUITY | 535,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,268,972 |
| INCOME & EXPENSE | |
| Loan Income | 60,255 |
| Investment Income | 395 |
| Other Income | 13,344 |
| Total Employee Compensation & Benefits | 21,707 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,582 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000 |
| Cost of Funds | 8,579 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,501 |
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