Dec, 31, 2021 — RINCONES PRESBYTERIAN CREDIT UNION is a federally insured state chartered credit union headquartered in CHACON, NM with 1 branch location and about $5.45 million in total assets. Opened 62 years ago in 1960, RINCONES PRESBYTERIAN CREDIT UNION has about 833 members and employs 4 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: | 833 |
| 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: | $5,454,259 |
| CEO/Manager: | Kristen Duran |
| Chairperson: | Arthur Romero |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 534,527 |
| TOTAL INVESTMENTS | 957,570 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 57,256 |
| Other Loans | 3,810,175 |
| TOTAL LOANS | 3,894,517 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,793 |
| Land And Building | 78,165 |
| Other Fixed Assets | 10,842 |
| NCUSIF Deposit | 44,599 |
| All Other Assets | 1,832 |
| TOTAL ASSETS | 5,454,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,404 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,408 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,144,976 |
| All Other Shares & Deposits | 2,760,411 |
| TOTAL SHARES & DEPOSITS | 4,905,387 |
| TOTAL LIABILITIES | 4,932,199 |
| Regular Reserve | 19,301 |
| Other Reserves | 0 |
| Undivided Earnings | 502,759 |
| TOTAL EQUITY | 522,060 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,454,259 |
| INCOME & EXPENSE | |
| Loan Income | 220,349 |
| Investment Income | 2,901 |
| Other Income | 57,540 |
| Total Employee Compensation & Benefits | 82,197 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 138,854 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,070 |
| Cost of Funds | 40,146 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,105 |
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