Dec, 31, 2023 — STATE EMPLOYEES CREDIT UNION, NM (SECUNM) is a federally insured state chartered credit union headquartered in SANTA FE, NM with 7 branch locations and about $1.15 billion in total assets. Opened 66 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 53,239 members and employs 181 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE EMPLOYEES CREDIT UNION, NM |
|---|---|
| Address: (Main Office) | 1611 Calle Lorca SANTA FE, NM 87505 |
| Phone: | (800) 983-7328 |
| Fax: | |
| Website: | https://www.secunm.org |
| Branches: | 7 branch locations |
| Members: | 53,239 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65513 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,152,307,021 |
| CEO/Manager: | Andy Ramos |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 97,848,350 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 436,966,540 |
| Unsecured Loans | 33,088,874 |
| Other Loans | 413,227,898 |
| TOTAL LOANS | 885,831,180 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,317,908 |
| Land And Building | 29,151,022 |
| Other Fixed Assets | 1,530,058 |
| NCUSIF Deposit | 9,073,550 |
| All Other Assets | 765,984 |
| TOTAL ASSETS | 1,152,307,021 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 75,000,000 |
| Accounts Payable & Other Liabilities | 11,462,591 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 231,149,685 |
| Regular shares | 250,164,004 |
| All Other Shares & Deposits | 477,855,445 |
| TOTAL SHARES & DEPOSITS | 959,169,134 |
| TOTAL LIABILITIES | 1,045,631,725 |
| Regular Reserve | 0 |
| Other Reserves | -16,278,223 |
| Undivided Earnings | 122,953,519 |
| TOTAL EQUITY | 106,675,296 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,152,307,021 |
| INCOME & EXPENSE | |
| Loan Income | 41,027,994 |
| Investment Income | 4,818,724 |
| Other Income | 6,382,897 |
| Total Employee Compensation & Benefits | 16,186,914 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,625,684 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,585,965 |
| Cost of Funds | 16,553,045 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,672,952 |
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