Dec, 31, 2023 — CHAVES COUNTY SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ROSWELL, NM with 1 branch location and about $35.97 million in total assets. Opened 72 years ago in 1952, CHAVES COUNTY SCHOOL EMPLOYEES CREDIT UNION has about 2,436 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: | CHAVES COUNTY SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1401 N Lea Ave ROSWELL, NM 88201 |
| Phone: | (575) 623-5444 |
| Fax: | (575) 624-1486 |
| Website: | https://www.ccsecunm.org |
| Branches: | 1 branch locations |
| Members: | 2,436 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66143 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,969,042 |
| CEO/Manager: | Laura Johnson |
| Chairperson: | Dan Jennings |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,405,797 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 523,271 |
| Other Loans | 10,667,016 |
| TOTAL LOANS | 11,190,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,533 |
| Land And Building | 32,341 |
| Other Fixed Assets | 5,644 |
| NCUSIF Deposit | 289,122 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,969,042 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,396 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,670,747 |
| Regular shares | 24,736,721 |
| All Other Shares & Deposits | 76,072 |
| TOTAL SHARES & DEPOSITS | 29,483,540 |
| TOTAL LIABILITIES | 29,661,936 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,307,106 |
| TOTAL EQUITY | 6,307,106 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,969,042 |
| INCOME & EXPENSE | |
| Loan Income | 499,341 |
| Investment Income | 551,842 |
| Other Income | 89,335 |
| Total Employee Compensation & Benefits | 264,863 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 414,622 |
| Non-operating Income & (Expense) | -7 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,072 |
| Cost of Funds | 64,752 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 516,951 |
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