Mar, 31, 2022 — RIO GRANDE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBUQUERQUE, NM with 7 branch locations and about $567.90 million in total assets. Opened 70 years ago in 1952, RIO GRANDE CREDIT UNION has about 40,748 members and employs 147 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIO GRANDE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1121 4th St NW ALBUQUERQUE, NM 87102 |
| Phone: | (505) 262-1401 |
| Fax: | |
| Website: | http://riograndecu.org |
| Branches: | 7 branch locations |
| Members: | 40,748 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62573 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $567,902,654 |
| CEO/Manager: | Mike Athens |
| Chairperson: | Mark Sanchez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,843,348 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 63,531,147 |
| Unsecured Loans | 35,475,803 |
| Other Loans | 284,551,156 |
| TOTAL LOANS | 385,009,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,186,118 |
| Land And Building | 16,731,863 |
| Other Fixed Assets | 1,592,757 |
| NCUSIF Deposit | 3,872,878 |
| All Other Assets | 147,036 |
| TOTAL ASSETS | 567,902,654 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 93 |
| Notes & Interest Payable | 12,000,000 |
| Accounts Payable & Other Liabilities | 7,585,013 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 90,059,503 |
| Regular shares | 128,237,067 |
| All Other Shares & Deposits | 275,885,411 |
| TOTAL SHARES & DEPOSITS | 494,181,981 |
| TOTAL LIABILITIES | 513,767,087 |
| Regular Reserve | 0 |
| Other Reserves | -405,337 |
| Undivided Earnings | 54,540,904 |
| TOTAL EQUITY | 54,135,567 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 567,902,654 |
| INCOME & EXPENSE | |
| Loan Income | 5,253,709 |
| Investment Income | 429,619 |
| Other Income | 2,625,795 |
| Total Employee Compensation & Benefits | 2,589,015 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,935,102 |
| Non-operating Income & (Expense) | -5,820 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 273,000 |
| Cost of Funds | 732,626 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,773,560 |
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