Dec, 31, 2023 — ARTESIA CREDIT UNION is a federally insured state chartered credit union headquartered in ARTESIA, NM with 1 branch location and about $148.14 million in total assets. Opened 69 years ago in 1955, ARTESIA CREDIT UNION has about 9,124 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARTESIA CREDIT UNION |
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Address: (Main Office) | 210 N 5th St ARTESIA, NM 88210-2000 |
Phone: | (575) 748-9779 |
Fax: | (575) 748-3850 |
Website: | https://www.artesiacu.org |
Branches: | 1 branch locations |
Members: | 9,124 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62783 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $148,139,202 |
CEO/Manager: | Ronald D Johnston |
Chairperson: | Brian Taylor |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,829,965 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,210,779 |
Unsecured Loans | 4,541,526 |
Other Loans | 75,152,313 |
TOTAL LOANS | 106,108,191 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,175,000 |
Land And Building | 2,398,347 |
Other Fixed Assets | 280,883 |
NCUSIF Deposit | 1,089,978 |
All Other Assets | 4,862 |
TOTAL ASSETS | 148,139,202 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28,687 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 641,511 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,612,684 |
Regular shares | 50,997,874 |
All Other Shares & Deposits | 56,719,102 |
TOTAL SHARES & DEPOSITS | 126,329,660 |
TOTAL LIABILITIES | 126,999,858 |
Regular Reserve | 0 |
Other Reserves | 100,000 |
Undivided Earnings | 21,039,344 |
TOTAL EQUITY | 21,139,344 |
TOTAL LIABILITIES, SHARES, & EQUITY | 148,139,202 |
INCOME & EXPENSE | |
Loan Income | 5,051,391 |
Investment Income | 657,979 |
Other Income | 1,143,028 |
Total Employee Compensation & Benefits | 1,565,898 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,614,010 |
Non-operating Income & (Expense) | 5,459 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 403,477 |
Cost of Funds | 1,892,638 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,514,863 |
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» See also Statement of Financial Condition