Sep, 30, 2025 — FINANCIAL SECURITY CREDIT UNION is a federally insured state chartered credit union headquartered in CARLSBAD, NM with 2 branch locations and about $61.43 million in total assets. Opened 72 years ago in 1954, FINANCIAL SECURITY CREDIT UNION has about 5,183 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL SECURITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1105 W Pierce St CARLSBAD, NM 88220-4014 |
| Phone: | (575) 887-6030 |
| Fax: | (575) 885-5054 |
| Website: | https://www.finseccu.com |
| Branches: | 2 branch locations |
| Members: | 5,183 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62452 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,428,815 |
| CEO/Manager: | Judy Carrasco |
| Chairperson: | Riley Neatherlin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,630,490 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 4,489,501 |
| Other Loans | 39,924,805 |
| TOTAL LOANS | 44,414,306 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,380 |
| Land And Building | 3,320,521 |
| Other Fixed Assets | 107,653 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 451,622 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,428,815 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 215,782 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,613,689 |
| Regular shares | 28,748,653 |
| All Other Shares & Deposits | 13,695,634 |
| TOTAL SHARES & DEPOSITS | 51,057,975 |
| TOTAL LIABILITIES | 51,273,757 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,155,058 |
| TOTAL EQUITY | 10,155,058 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,428,815 |
| INCOME & EXPENSE | |
| Loan Income | 1,925,829 |
| Investment Income | 260,158 |
| Other Income | 810,334 |
| Total Employee Compensation & Benefits | 903,165 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,226,712 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,000 |
| Cost of Funds | 336,678 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 841,763 |
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