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BELEN RAILWAY EMPLOYEES CREDIT UNION

Sep, 30, 2022 — BELEN RAILWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BELEN, NM with 1 branch location and about $54.01 million in total assets. Opened 68 years ago in 1955, BELEN RAILWAY EMPLOYEES CREDIT UNION has about 2,889 members and employs 10 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://www.brecu.org
Branches:1 branch locations
Members:2,889
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$54,012,414
CEO/Manager:GERRY TROYER
Chairperson:LUIS A BACA

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,022,032
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,058,949
 Unsecured Loans 2,772,335
 Other Loans 24,170,353
 TOTAL LOANS 33,001,637
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -133,569
 Land And Building 1,572,647
 Other Fixed Assets 274,232
 NCUSIF Deposit 420,271
 All Other Assets 0
  TOTAL ASSETS 54,012,414
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 892,376
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,767,234
 Regular shares 24,609,232
 All Other Shares & Deposits 19,026,079
  TOTAL SHARES & DEPOSITS 46,402,545
  TOTAL LIABILITIES 47,294,921
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 6,717,493
  TOTAL EQUITY 6,717,493
  TOTAL LIABILITIES, SHARES, & EQUITY 54,012,414
INCOME & EXPENSE  
 Loan Income 1,397,052
 Investment Income 84,741
 Other Income 291,969
 Total Employee Compensation & Benefits 533,658
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 537,680
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,500
 Cost of Funds 269,964
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 516,768
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