Sep, 30, 2025 — BELEN RAILWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BELEN, NM with 1 branch location and about $74.62 million in total assets. Opened 71 years ago in 1955, BELEN RAILWAY EMPLOYEES CREDIT UNION has about 3,633 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BELEN RAILWAY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 N 6th St BELEN, NM 87002 |
| Phone: | (505) 864-4740 |
| Fax: | (505) 864-6904 |
| Website: | https://wwwbrecu.org |
| Branches: | 1 branch locations |
| Members: | 3,633 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62841 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,615,692 |
| CEO/Manager: | Matthew Soto |
| Chairperson: | HORACIO R PADILLA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,900,975 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,076,210 |
| Unsecured Loans | 4,930,533 |
| Other Loans | 36,868,903 |
| TOTAL LOANS | 47,875,645 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -308,543 |
| Land And Building | 1,474,824 |
| Other Fixed Assets | 386,691 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 646,929 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,615,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 58 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 491,368 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,953,060 |
| Regular shares | 24,806,790 |
| All Other Shares & Deposits | 37,583,302 |
| TOTAL SHARES & DEPOSITS | 66,343,151 |
| TOTAL LIABILITIES | 66,834,577 |
| Regular Reserve | 0 |
| Other Reserves | -131,279 |
| Undivided Earnings | 7,912,394 |
| TOTAL EQUITY | 7,781,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,615,692 |
| INCOME & EXPENSE | |
| Loan Income | 2,669,261 |
| Investment Income | 493,055 |
| Other Income | 403,857 |
| Total Employee Compensation & Benefits | 797,896 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 679,882 |
| Non-operating Income & (Expense) | -80,835 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 217,000 |
| Cost of Funds | 1,245,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 689,770 |
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