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 |
| 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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