Mar, 31, 2022 — HIGH DESERT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in AZTEC, NM with 1 branch location and about $22.60 million in total assets. Opened 66 years ago in 1956, HIGH DESERT COMMUNITY CREDIT UNION has about 2,128 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 |
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Address: (Main Office) | 321 S Main Ave AZTEC, NM 87410-2124 |
Phone: | (505) 334-3047 |
Fax: | (877) 645-6258 |
Website: | http://www.highdesertcu.org |
Branches: | 1 branch locations |
Members: | 2,128 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66185 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jul 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $22,596,511 |
CEO/Manager: | Liz Rusk |
Chairperson: | Anna Redding |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,100,959 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,807,741 |
Unsecured Loans | 175,774 |
Other Loans | 11,300,225 |
TOTAL LOANS | 14,016,895 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,123 |
Land And Building | 429,877 |
Other Fixed Assets | 46,826 |
NCUSIF Deposit | 185,235 |
All Other Assets | 0 |
TOTAL ASSETS | 22,596,511 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 300,000 |
Accounts Payable & Other Liabilities | 30,831 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 69,229 |
Regular shares | 13,929,049 |
All Other Shares & Deposits | 6,052,320 |
TOTAL SHARES & DEPOSITS | 20,050,598 |
TOTAL LIABILITIES | 20,381,429 |
Regular Reserve | 0 |
Other Reserves | 120,685 |
Undivided Earnings | 2,094,397 |
TOTAL EQUITY | 2,215,082 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,596,511 |
INCOME & EXPENSE | |
Loan Income | 217,981 |
Investment Income | 2,263 |
Other Income | 28,845 |
Total Employee Compensation & Benefits | 91,812 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 72,901 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
Cost of Funds | 52,006 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,370 |
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