Dec, 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 $936.35 million in total assets. Opened 64 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 50,648 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 |
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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: | 50,648 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65513 |
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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: | $936,346,148 |
CEO/Manager: | Andy Ramos |
Chairperson: | Jerry Rael |
ASSETS: | $ Amount |
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Cash & Equivalents | 101,519,129 |
TOTAL INVESTMENTS | 156,716,430 |
Loans Held for Sale | 0 |
Real Estate Loans | 269,764,687 |
Unsecured Loans | 26,209,768 |
Other Loans | 330,085,362 |
TOTAL LOANS | 627,837,878 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,632,869 |
Land And Building | 19,963,063 |
Other Fixed Assets | 629,939 |
NCUSIF Deposit | 7,686,646 |
All Other Assets | 27,625,932 |
TOTAL ASSETS | 936,346,148 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,170,230 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 276,307,900 |
Regular shares | 261,826,923 |
All Other Shares & Deposits | 297,604,137 |
TOTAL SHARES & DEPOSITS | 835,738,960 |
TOTAL LIABILITIES | 846,909,190 |
Regular Reserve | 2,353,142 |
Other Reserves | -6,318,119 |
Undivided Earnings | 93,401,935 |
TOTAL EQUITY | 89,436,958 |
TOTAL LIABILITIES, SHARES, & EQUITY | 936,346,148 |
INCOME & EXPENSE | |
Loan Income | 26,056,383 |
Investment Income | 1,370,795 |
Other Income | 6,004,914 |
Total Employee Compensation & Benefits | 13,414,380 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,337,852 |
Non-operating Income & (Expense) | 21,232 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,423,714 |
Cost of Funds | 4,921,569 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,769,671 |
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