Mar, 31, 2021 — 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 $866.91 million in total assets. Opened 63 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 49,467 members and employs 171 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: | http://www.secunm.org |
| Branches: | 7 branch locations |
| Members: | 49,467 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $866,914,491 |
| CEO/Manager: | Harold K Dixon |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 186,132,170 |
| TOTAL INVESTMENTS | 72,458,246 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 224,312,076 |
| Unsecured Loans | 28,784,319 |
| Other Loans | 310,350,997 |
| TOTAL LOANS | 564,719,006 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,168,906 |
| Land And Building | 17,270,151 |
| Other Fixed Assets | 665,681 |
| NCUSIF Deposit | 6,344,274 |
| All Other Assets | 24,493,869 |
| TOTAL ASSETS | 866,914,491 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,569,979 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 258,127,521 |
| Regular shares | 237,822,730 |
| All Other Shares & Deposits | 280,536,311 |
| TOTAL SHARES & DEPOSITS | 776,486,562 |
| TOTAL LIABILITIES | 786,056,541 |
| Regular Reserve | 2,353,142 |
| Other Reserves | -6,434,804 |
| Undivided Earnings | 84,939,612 |
| TOTAL EQUITY | 80,857,950 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 866,914,491 |
| INCOME & EXPENSE | |
| Loan Income | 6,240,156 |
| Investment Income | 177,351 |
| Other Income | 1,363,354 |
| Total Employee Compensation & Benefits | 3,170,406 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,166,441 |
| Non-operating Income & (Expense) | 17,573 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 525,000 |
| Cost of Funds | 1,247,464 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,307,348 |
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