Jun, 30, 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 $992.24 million in total assets. Opened 65 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 52,420 members and employs 172 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) | 813 Saint Michaels Dr SANTA FE, NM 87505-7607 |
| Phone: | (505) 983-7328 |
| Fax: | (505) 954-3443 |
| Website: | https://www.secunm.org |
| Branches: | 7 branch locations |
| Members: | 52,420 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $992,237,569 |
| CEO/Manager: | Andy Ramos |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,589,944 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 323,620,140 |
| Unsecured Loans | 27,086,719 |
| Other Loans | 419,172,843 |
| TOTAL LOANS | 772,463,897 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,714,551 |
| Land And Building | 25,244,062 |
| Other Fixed Assets | 585,132 |
| NCUSIF Deposit | 8,053,032 |
| All Other Assets | 244,109 |
| TOTAL ASSETS | 992,237,569 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 621 |
| Notes & Interest Payable | 31,500,000 |
| Accounts Payable & Other Liabilities | 13,977,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 281,939,367 |
| Regular shares | 282,324,416 |
| All Other Shares & Deposits | 297,550,945 |
| TOTAL SHARES & DEPOSITS | 861,814,728 |
| TOTAL LIABILITIES | 907,292,638 |
| Regular Reserve | 0 |
| Other Reserves | -18,691,940 |
| Undivided Earnings | 103,636,871 |
| TOTAL EQUITY | 84,944,931 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 992,237,569 |
| INCOME & EXPENSE | |
| Loan Income | 21,524,569 |
| Investment Income | 2,683,949 |
| Other Income | 4,706,512 |
| Total Employee Compensation & Benefits | 11,243,306 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,781,302 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 519,008 |
| Cost of Funds | 4,175,644 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,234,936 |
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