Mar, 31, 2022 — BELEN RAILWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BELEN, NM with 1 branch location and about $50.53 million in total assets. Opened 67 years ago in 1955, BELEN RAILWAY EMPLOYEES CREDIT UNION has about 2,740 members and employs 11 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: | http://www.brecu.org |
| Branches: | 1 branch locations |
| Members: | 2,740 |
| 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: | May 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,525,048 |
| CEO/Manager: | GERRY TROYER |
| Chairperson: | LUIS A BACA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,598,703 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,429,351 |
| Unsecured Loans | 2,550,853 |
| Other Loans | 21,627,721 |
| TOTAL LOANS | 30,607,925 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -172,571 |
| Land And Building | 1,589,841 |
| Other Fixed Assets | 256,120 |
| NCUSIF Deposit | 380,889 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,525,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 898,585 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,388,054 |
| Regular shares | 25,248,115 |
| All Other Shares & Deposits | 15,567,131 |
| TOTAL SHARES & DEPOSITS | 43,203,300 |
| TOTAL LIABILITIES | 44,101,885 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,423,163 |
| TOTAL EQUITY | 6,423,163 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,525,048 |
| INCOME & EXPENSE | |
| Loan Income | 441,810 |
| Investment Income | 34,701 |
| Other Income | 96,439 |
| Total Employee Compensation & Benefits | 165,935 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 170,527 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 77,030 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 222,439 |
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