Jun, 30, 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 $887.36 million in total assets. Opened 63 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 50,149 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: | 50,149 |
| 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: | $887,357,998 |
| CEO/Manager: | Andy Ramos |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 124,249,837 |
| TOTAL INVESTMENTS | 125,633,840 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 235,768,022 |
| Unsecured Loans | 27,405,961 |
| Other Loans | 326,405,501 |
| TOTAL LOANS | 591,070,858 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,554,811 |
| Land And Building | 17,504,943 |
| Other Fixed Assets | 653,615 |
| NCUSIF Deposit | 7,138,884 |
| All Other Assets | 26,660,832 |
| TOTAL ASSETS | 887,357,998 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,007,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 257,305,242 |
| Regular shares | 245,646,690 |
| All Other Shares & Deposits | 287,969,724 |
| TOTAL SHARES & DEPOSITS | 790,921,656 |
| TOTAL LIABILITIES | 803,929,459 |
| Regular Reserve | 2,353,142 |
| Other Reserves | -6,597,086 |
| Undivided Earnings | 87,672,483 |
| TOTAL EQUITY | 83,428,539 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 887,357,998 |
| INCOME & EXPENSE | |
| Loan Income | 12,640,443 |
| Investment Income | 455,037 |
| Other Income | 2,778,204 |
| Total Employee Compensation & Benefits | 6,370,066 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,455,971 |
| Non-operating Income & (Expense) | 14,273 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,050,000 |
| Cost of Funds | 2,501,680 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,040,219 |
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