Mar, 31, 2022 — 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 $956.19 million in total assets. Opened 64 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 50,549 members and employs 169 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: | 50,549 |
| 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: | $956,193,500 |
| CEO/Manager: | Andy Ramos |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 129,258,630 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 285,624,558 |
| Unsecured Loans | 24,017,200 |
| Other Loans | 321,142,213 |
| TOTAL LOANS | 633,263,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,652,077 |
| Land And Building | 20,641,057 |
| Other Fixed Assets | 574,927 |
| NCUSIF Deposit | 7,686,646 |
| All Other Assets | 333,574 |
| TOTAL ASSETS | 956,193,500 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 292 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,512,999 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 287,468,031 |
| Regular shares | 268,882,984 |
| All Other Shares & Deposits | 304,618,459 |
| TOTAL SHARES & DEPOSITS | 860,969,474 |
| TOTAL LIABILITIES | 871,482,765 |
| Regular Reserve | 0 |
| Other Reserves | -11,600,789 |
| Undivided Earnings | 96,311,524 |
| TOTAL EQUITY | 84,710,735 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 956,193,500 |
| INCOME & EXPENSE | |
| Loan Income | 6,790,431 |
| Investment Income | 511,601 |
| Other Income | 1,384,388 |
| Total Employee Compensation & Benefits | 3,696,412 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,444,066 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,427 |
| Cost of Funds | 1,127,775 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,909,588 |
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