Sep, 30, 2022 — HIGH DESERT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in AZTEC, NM with 1 branch location and about $21.71 million in total assets. Opened 67 years ago in 1956, HIGH DESERT COMMUNITY CREDIT UNION has about 2,168 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGH DESERT COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 321 S Main Ave AZTEC, NM 87410-2124 |
| Phone: | (505) 334-3047 |
| Fax: | (877) 645-6258 |
| Website: | https://www.highdesertcu.org |
| Branches: | 1 branch locations |
| Members: | 2,168 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66185 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jul 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $21,712,882 |
| CEO/Manager: | Liz Rusk |
| Chairperson: | Anna Redding |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,206,907 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,745,414 |
| Unsecured Loans | 191,022 |
| Other Loans | 10,848,886 |
| TOTAL LOANS | 13,618,968 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,558 |
| Land And Building | 426,977 |
| Other Fixed Assets | 50,021 |
| NCUSIF Deposit | 205,201 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,712,882 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,629 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 209,867 |
| Regular shares | 13,690,167 |
| All Other Shares & Deposits | 5,571,076 |
| TOTAL SHARES & DEPOSITS | 19,471,110 |
| TOTAL LIABILITIES | 19,487,739 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,225,143 |
| TOTAL EQUITY | 2,225,143 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,712,882 |
| INCOME & EXPENSE | |
| Loan Income | 663,083 |
| Investment Income | 50,215 |
| Other Income | 91,017 |
| Total Employee Compensation & Benefits | 241,328 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 216,002 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 171,078 |
| Cost of Funds | 148,476 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,431 |
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