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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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