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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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