Dec, 31, 2023 — CUBA CREDIT UNION is a federally insured state chartered credit union headquartered in CUBA, NM with 1 branch location and about $21.56 million in total assets. Opened 52 years ago in 1972, CUBA CREDIT UNION has about 1,586 members and employs 5 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 |
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Address: (Main Office) | 6347 main st CUBA, NM 87013-1660 |
Phone: | (575) 289-3763 |
Fax: | (575) 289-3023 |
Website: | https://www.cubacreditunion.org |
Branches: | 1 branch locations |
Members: | 1,586 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66097 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,560,699 |
CEO/Manager: | Rhonda M Jacquez |
Chairperson: | Martin Herrera |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,176,965 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,913,109 |
Unsecured Loans | 383,316 |
Other Loans | 3,331,787 |
TOTAL LOANS | 6,628,212 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,990 |
Land And Building | 223,917 |
Other Fixed Assets | 34,646 |
NCUSIF Deposit | 175,095 |
All Other Assets | 16,765 |
TOTAL ASSETS | 21,560,699 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 26,053 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,577,842 |
Regular shares | 8,281,272 |
All Other Shares & Deposits | 6,169,960 |
TOTAL SHARES & DEPOSITS | 18,029,074 |
TOTAL LIABILITIES | 18,055,127 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,505,572 |
TOTAL EQUITY | 3,505,572 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,560,699 |
INCOME & EXPENSE | |
Loan Income | 449,794 |
Investment Income | 535,055 |
Other Income | 73,119 |
Total Employee Compensation & Benefits | 259,560 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 383,123 |
Non-operating Income & (Expense) | -5,451 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
Cost of Funds | 88,403 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 378,476 |
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