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 |
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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 |
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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 |
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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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