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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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