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BELEN RAILWAY EMPLOYEES CREDIT UNION

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

Call Report

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Financial Summary

» See also Statement of Financial Condition
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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