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National Credit Union Service Organization

STATE EMPLOYEES CREDIT UNION, NM
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for STATE EMPLOYEES CREDIT UNION, NM as of: December 31, 2021.
Charter Number: 65513

ASSETS$ Amount
CASH:  
 1. Cash on Hand 5,430,133
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 96,088,996
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 150,894,525
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 5
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 5,821,900
 14. TOTAL INVESTMENTS 156,716,430
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 627,837,878
 17. Less: Allowance for Loan & Lease Losses 5,632,869
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 242,638
 20. Land and Building 19,963,063
 21. Other Fixed Assets 629,939
 22. NCUA Share Insurance Capitalization Deposit 7,686,646
 23. Intangible Assets 0
 24. Other Assets 27,383,294
25. TOTAL ASSETS 936,346,148
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 11,170,230
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 276,307,900
 12. Regular Shares 261,826,923
 13. Money Market Shares 27,761,769
 14. Share Certificates 155,101,266
 15. IRA/KEOGH Accounts 21,981,999
 16. All Other Shares 92,759,103
 17. TOTAL SHARES 835,738,960
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 835,738,960
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 1,212,738
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 73,056
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 91,200,641
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 8,843,744
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 10,961,907
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 333,559
EQUITY:  
 33. Undivided Earnings 93,401,935
 34. Regular Reserves 2,353,142
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -4,213,085
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -2,105,034
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 936,346,148
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 26,056,383
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,370,795
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 27,427,178
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 4,789,105
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 132,464
 9. TOTAL INTEREST EXPENSE 4,921,569
 10. Provision for Loan & Lease Losses 1,423,714
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 21,081,895
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 6,004,914
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 21,232
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 12,440,008
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 13,414,380
 23. Travel and Conference Expense 88,225
 24. Office Occupancy Expense 1,126,615
 25. Office Operations Expense 3,073,765
 26. Educational and Promotional Expenses 665,151
 27. Loan Servicing Expense 1,056,450
 28. Professional and Outside Services 2,301,389
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 119,880
 31. Miscellaneous Operating Expenses 906,377
 32. TOTAL NON-INTEREST EXPENSE 22,752,232
33. NET INCOME (LOSS) 10,769,671
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans11.253,812$4,482,999
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.004,852$21,726,769
 5. New Vehicle Loans2.743,964$110,109,257
 6. Used Vehicle Loans2.9910,516$195,865,085
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit7.50972$13,347,262
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.741,025$123,821,216
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.75226$9,735,078
 11. All Other Real Estate Loans/Lines of Credit5.6535$1,778,061
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured6.00149$136,208,393
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.0024$10,763,758
 14. TOTAL LOANS & LEASES25,575$627,837,878
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date7,982$292,808,719
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff38$2,751,611
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration49$3,661,303$3,661,303
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)49$3,661,303-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration1$2,115,000$0
  b. Other Government Guaranteed0$0$0