Dec, 31, 2023 — FOUR CORNERS FEDERAL CREDIT UNION is a federal credit union headquartered in KIRTLAND, NM with 1 branch location and about $15.76 million in total assets. Opened 59 years ago in 1965, FOUR CORNERS FEDERAL CREDIT UNION has about 5,939 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOUR CORNERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 16 Road 6500 KIRTLAND, NM 87417 |
| Phone: | (505) 598-6623 |
| Fax: | (505) 598-6474 |
| Website: | https://fourcornersfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,939 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16754 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,762,485 |
| CEO/Manager: | Barrett Lynch |
| Chairperson: | Kevin Wells |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,042,019 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 977,577 |
| Unsecured Loans | 1,995,248 |
| Other Loans | 6,432,531 |
| TOTAL LOANS | 9,405,356 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -208,289 |
| Land And Building | 306,702 |
| Other Fixed Assets | 105,490 |
| NCUSIF Deposit | 150,577 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,762,485 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,272 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,939,373 |
| Regular shares | 6,381,847 |
| All Other Shares & Deposits | 4,491,189 |
| TOTAL SHARES & DEPOSITS | 12,812,408 |
| TOTAL LIABILITIES | 12,817,680 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,944,805 |
| TOTAL EQUITY | 2,944,805 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,762,485 |
| INCOME & EXPENSE | |
| Loan Income | 745,258 |
| Investment Income | 120,747 |
| Other Income | 687,656 |
| Total Employee Compensation & Benefits | 603,974 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 745,105 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 100,851 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,999 |
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