Dec, 31, 2023 — HIGH DESERT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in AZTEC, NM with 1 branch location and about $19.60 million in total assets. Opened 68 years ago in 1956, HIGH DESERT COMMUNITY CREDIT UNION has about 2,130 members and employs 5 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: | 2,130 |
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: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $19,599,584 |
CEO/Manager: | Liz Rusk |
Chairperson: | Anna Redding |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,554,837 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,116,187 |
Unsecured Loans | 194,392 |
Other Loans | 8,227,501 |
TOTAL LOANS | 11,212,817 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,792 |
Land And Building | 412,440 |
Other Fixed Assets | 38,475 |
NCUSIF Deposit | 184,509 |
All Other Assets | 0 |
TOTAL ASSETS | 19,599,584 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,990 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 320,657 |
Regular shares | 10,343,910 |
All Other Shares & Deposits | 6,556,873 |
TOTAL SHARES & DEPOSITS | 17,221,440 |
TOTAL LIABILITIES | 17,255,430 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,344,154 |
TOTAL EQUITY | 2,344,154 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,599,584 |
INCOME & EXPENSE | |
Loan Income | 729,077 |
Investment Income | 311,075 |
Other Income | 114,508 |
Total Employee Compensation & Benefits | 302,833 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 322,989 |
Non-operating Income & (Expense) | 137,511 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 126,958 |
Cost of Funds | 277,733 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 261,658 |
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