Mar, 31, 2022 — CUBA CREDIT UNION is a federally insured state chartered credit union headquartered in CUBA, NM with 1 branch location and about $22.39 million in total assets. Opened 50 years ago in 1972, CUBA CREDIT UNION has about 1,648 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CUBA CREDIT UNION |
|---|---|
| Address: (Main Office) | 6347 main st CUBA, NM 87013-1660 |
| Phone: | (575) 289-3763 |
| Fax: | (575) 289-3023 |
| Website: | http://www.cubacreditunion.org |
| Branches: | 1 branch locations |
| Members: | 1,648 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66097 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,385,445 |
| CEO/Manager: | Rhonda M Jacquez |
| Chairperson: | Jack Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,537,761 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,070,780 |
| Unsecured Loans | 209,568 |
| Other Loans | 3,415,444 |
| TOTAL LOANS | 6,832,779 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,296 |
| Land And Building | 209,470 |
| Other Fixed Assets | 28,611 |
| NCUSIF Deposit | 161,661 |
| All Other Assets | 22,584 |
| TOTAL ASSETS | 22,385,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,749 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,149,217 |
| Regular shares | 8,331,651 |
| All Other Shares & Deposits | 6,865,118 |
| TOTAL SHARES & DEPOSITS | 19,345,986 |
| TOTAL LIABILITIES | 19,370,735 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,014,710 |
| TOTAL EQUITY | 3,014,710 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,385,445 |
| INCOME & EXPENSE | |
| Loan Income | 121,762 |
| Investment Income | 5,402 |
| Other Income | 18,437 |
| Total Employee Compensation & Benefits | 57,336 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 85,473 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 18,561 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,946 |
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