Dec, 31, 2023 — LOCO CREDIT UNION is a federally insured state chartered credit union headquartered in ALAMOGORDO, NM with 1 branch location and about $65.85 million in total assets. Opened 71 years ago in 1953, LOCO CREDIT UNION has about 4,651 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 808 Washington Ave ALAMOGORDO, NM 88310-5166 |
| Phone: | (575) 437-3110 |
| Fax: | (575) 437-5646 |
| Website: | https://www.lococreditunion.com |
| Branches: | 1 branch locations |
| Members: | 4,651 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66117 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,849,910 |
| CEO/Manager: | Deanna Schlensig |
| Chairperson: | Mary J Goldsmith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,578,946 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,303 |
| Unsecured Loans | 3,109,590 |
| Other Loans | 24,869,404 |
| TOTAL LOANS | 28,023,298 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -594,731 |
| Land And Building | 1,417,311 |
| Other Fixed Assets | 92,019 |
| NCUSIF Deposit | 539,697 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,849,910 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,973 |
| Notes & Interest Payable | 1,397,531 |
| Accounts Payable & Other Liabilities | 686,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,971,406 |
| Regular shares | 25,954,681 |
| All Other Shares & Deposits | 19,127,063 |
| TOTAL SHARES & DEPOSITS | 55,053,151 |
| TOTAL LIABILITIES | 57,156,574 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,693,336 |
| TOTAL EQUITY | 8,693,336 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,849,910 |
| INCOME & EXPENSE | |
| Loan Income | 2,567,696 |
| Investment Income | 522,791 |
| Other Income | 423,117 |
| Total Employee Compensation & Benefits | 1,387,477 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,651,685 |
| Non-operating Income & (Expense) | 48,313 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 308,230 |
| Cost of Funds | 658,419 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,703 |
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