Dec, 31, 2020 — 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 $818.47 million in total assets. Opened 63 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 48,777 members and employs 166 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: | 48,777 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $818,466,093 |
| CEO/Manager: | Harold K Dixon |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 162,768,750 |
| TOTAL INVESTMENTS | 59,608,412 |
| Loans Held for Sale | 1,460,000 |
| Real Estate Loans | 220,922,009 |
| Unsecured Loans | 28,935,133 |
| Other Loans | 300,349,335 |
| TOTAL LOANS | 551,510,263 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,850,758 |
| Land And Building | 17,009,544 |
| Other Fixed Assets | 713,904 |
| NCUSIF Deposit | 6,344,274 |
| All Other Assets | 23,901,704 |
| TOTAL ASSETS | 818,466,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,264,232 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 249,515,616 |
| Regular shares | 210,749,811 |
| All Other Shares & Deposits | 270,631,398 |
| TOTAL SHARES & DEPOSITS | 730,896,825 |
| TOTAL LIABILITIES | 739,161,057 |
| Regular Reserve | 2,353,142 |
| Other Reserves | -5,680,371 |
| Undivided Earnings | 82,632,265 |
| TOTAL EQUITY | 79,305,036 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 818,466,093 |
| INCOME & EXPENSE | |
| Loan Income | 24,730,724 |
| Investment Income | 721,065 |
| Other Income | 10,697,287 |
| Total Employee Compensation & Benefits | 12,019,276 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,174,042 |
| Non-operating Income & (Expense) | -42,658 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,901,000 |
| Cost of Funds | 5,477,871 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,534,229 |
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