Dec, 31, 2023 — BELEN RAILWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BELEN, NM with 1 branch location and about $63.73 million in total assets. Opened 69 years ago in 1955, BELEN RAILWAY EMPLOYEES CREDIT UNION has about 3,218 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BELEN RAILWAY EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 300 N 6th St BELEN, NM 87002 |
Phone: | (505) 864-4740 |
Fax: | (505) 864-6904 |
Website: | https://wwwbrecu.org |
Branches: | 1 branch locations |
Members: | 3,218 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62841 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,734,149 |
CEO/Manager: | GERRY TROYER |
Chairperson: | HORACIO R PADILLA |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,745,838 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,639,830 |
Unsecured Loans | 4,240,412 |
Other Loans | 31,389,714 |
TOTAL LOANS | 41,269,956 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,034 |
Land And Building | 1,529,661 |
Other Fixed Assets | 398,227 |
NCUSIF Deposit | 500,219 |
All Other Assets | 3,000 |
TOTAL ASSETS | 63,734,149 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 549,853 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,183,770 |
Regular shares | 21,264,298 |
All Other Shares & Deposits | 32,077,558 |
TOTAL SHARES & DEPOSITS | 56,525,626 |
TOTAL LIABILITIES | 57,075,479 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,658,670 |
TOTAL EQUITY | 6,658,670 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,734,149 |
INCOME & EXPENSE | |
Loan Income | 2,417,505 |
Investment Income | 368,914 |
Other Income | 474,358 |
Total Employee Compensation & Benefits | 828,599 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,561,952 |
Non-operating Income & (Expense) | -4,032 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,497 |
Cost of Funds | 937,910 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -88,670 |
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