Sep, 30, 2025 — EDDY FEDERAL CREDIT UNION is a federal credit union headquartered in CARLSBAD, NM with 2 branch locations and about $59.62 million in total assets. Opened 72 years ago in 1954, EDDY FEDERAL CREDIT UNION has about 4,920 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDDY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 909 W Pierce St CARLSBAD, NM 88220-5268 |
| Phone: | (575) 887-1784 |
| Fax: | (575) 887-5454 |
| Website: | https://www.eddyfederalcu.com |
| Branches: | 2 branch locations |
| Members: | 4,920 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9566 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,622,059 |
| CEO/Manager: | Donna Davis |
| Chairperson: | Brian Santo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,865,949 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,066,092 |
| Other Loans | 39,586,661 |
| TOTAL LOANS | 42,652,753 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -849,814 |
| Land And Building | 4,875,966 |
| Other Fixed Assets | 81,276 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 436,708 |
| All Other Assets | 98,051 |
| TOTAL ASSETS | 59,622,059 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 719,372 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,661,153 |
| Regular shares | 27,249,390 |
| All Other Shares & Deposits | 12,970,098 |
| TOTAL SHARES & DEPOSITS | 47,880,641 |
| TOTAL LIABILITIES | 48,600,013 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,022,046 |
| TOTAL EQUITY | 11,022,046 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,622,059 |
| INCOME & EXPENSE | |
| Loan Income | 2,174,565 |
| Investment Income | 289,686 |
| Other Income | 372,962 |
| Total Employee Compensation & Benefits | 1,083,248 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 877,108 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 325,000 |
| Cost of Funds | 319,811 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 465,658 |
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