Dec, 31, 2023 — DEL NORTE CREDIT UNION is a federally insured state chartered credit union headquartered in SANTA FE, NM with 8 branch locations and about $1.07 billion in total assets. Opened 70 years ago in 1954, DEL NORTE CREDIT UNION has about 61,179 members and employs 218 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEL NORTE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3286 Cerrillos Rd SANTA FE, NM 87507 |
| Phone: | (505) 455-5228 |
| Fax: | |
| Website: | https://www.dncu.com |
| Branches: | 8 branch locations |
| Members: | 61,179 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64759 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,073,092,016 |
| CEO/Manager: | John Molenda |
| Chairperson: | Clyde Leyba |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,008,428 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 308,310,134 |
| Unsecured Loans | 63,925,516 |
| Other Loans | 498,650,965 |
| TOTAL LOANS | 870,886,615 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,413,732 |
| Land And Building | 25,709,104 |
| Other Fixed Assets | 3,471,933 |
| NCUSIF Deposit | 8,405,304 |
| All Other Assets | 903,856 |
| TOTAL ASSETS | 1,073,092,016 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,806,295 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 201,192,673 |
| Regular shares | 467,887,849 |
| All Other Shares & Deposits | 289,285,763 |
| TOTAL SHARES & DEPOSITS | 958,366,285 |
| TOTAL LIABILITIES | 968,172,580 |
| Regular Reserve | 0 |
| Other Reserves | -4,353,009 |
| Undivided Earnings | 109,272,445 |
| TOTAL EQUITY | 104,919,436 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,073,092,016 |
| INCOME & EXPENSE | |
| Loan Income | 40,843,176 |
| Investment Income | 2,608,520 |
| Other Income | 4,791,782 |
| Total Employee Compensation & Benefits | 18,574,796 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,035,679 |
| Non-operating Income & (Expense) | 530,299 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,470,500 |
| Cost of Funds | 6,396,852 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,081,902 |
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