Dec, 31, 2023 — TELCO ROSWELL NEW MEXICO FEDERAL CREDIT UNION is a federal credit union headquartered in ROSWELL, NM with 1 branch location and about $6.00 million in total assets. Opened 72 years ago in 1952, TELCO ROSWELL NEW MEXICO FEDERAL CREDIT UNION has about 939 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TELCO ROSWELL NEW MEXICO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 N Washington Ave ROSWELL, NM 88203 |
| Phone: | (575) 622-4444 |
| Fax: | (575) 622-3875 |
| Website: | https://www.telcoroswell.org |
| Branches: | 1 branch locations |
| Members: | 939 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7999 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,002,587 |
| CEO/Manager: | Angelique R Garcia |
| Chairperson: | Robert Cobos |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,211,226 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 151,530 |
| Other Loans | 3,963,433 |
| TOTAL LOANS | 4,114,963 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,198 |
| Land And Building | 19,306 |
| Other Fixed Assets | 12,633 |
| NCUSIF Deposit | 45,169 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,002,587 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,988 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,080,886 |
| All Other Shares & Deposits | 3,083,791 |
| TOTAL SHARES & DEPOSITS | 4,164,677 |
| TOTAL LIABILITIES | 4,178,665 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,823,922 |
| TOTAL EQUITY | 1,823,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,002,587 |
| INCOME & EXPENSE | |
| Loan Income | 295,223 |
| Investment Income | 29,367 |
| Other Income | 17,844 |
| Total Employee Compensation & Benefits | 159,605 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 101,006 |
| Non-operating Income & (Expense) | 14,166 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,685 |
| Cost of Funds | 86,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,228 |
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