Dec, 31, 2022 — CUBA CREDIT UNION is a federally insured state chartered credit union headquartered in CUBA, NM with 1 branch location and about $22.24 million in total assets. Opened 51 years ago in 1972, CUBA CREDIT UNION has about 1,638 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: | https://www.cubacreditunion.org |
| Branches: | 1 branch locations |
| Members: | 1,638 |
| 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: | $22,235,978 |
| CEO/Manager: | Rhonda M Jacquez |
| Chairperson: | Jack Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,085,535 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,033,358 |
| Unsecured Loans | 284,908 |
| Other Loans | 3,322,344 |
| TOTAL LOANS | 6,640,610 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,677 |
| Land And Building | 203,074 |
| Other Fixed Assets | 26,420 |
| NCUSIF Deposit | 174,311 |
| All Other Assets | 28,084 |
| TOTAL ASSETS | 22,235,978 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,422 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,141,430 |
| Regular shares | 8,194,292 |
| All Other Shares & Deposits | 6,806,501 |
| TOTAL SHARES & DEPOSITS | 19,142,223 |
| TOTAL LIABILITIES | 19,167,645 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,068,333 |
| TOTAL EQUITY | 3,068,333 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,235,978 |
| INCOME & EXPENSE | |
| Loan Income | 351,452 |
| Investment Income | 70,265 |
| Other Income | 56,382 |
| Total Employee Compensation & Benefits | 166,253 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 258,127 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,000 |
| Cost of Funds | 55,619 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 76,569 |
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