Dec, 31, 2023 — JEMEZ VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in JEMEZ SPRINGS, NM with 2 branch locations and about $29.94 million in total assets. Opened 58 years ago in 1966, JEMEZ VALLEY CREDIT UNION has about 1,916 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: | JEMEZ VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 17117 HIGHWAY 4 JEMEZ SPRINGS, NM 87025-0120 |
| Phone: | (575) 829-3366 |
| Fax: | (575) 829-3365 |
| Website: | https://www.jvcu.org |
| Branches: | 2 branch locations |
| Members: | 1,916 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62637 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,940,058 |
| CEO/Manager: | Tina Trujillo |
| Chairperson: | Glenda Witt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,248,309 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,592,668 |
| Unsecured Loans | 939,611 |
| Other Loans | 5,290,065 |
| TOTAL LOANS | 11,822,344 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,495 |
| Land And Building | 1,023,225 |
| Other Fixed Assets | 117,753 |
| NCUSIF Deposit | 244,811 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,940,058 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,358 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 258,994 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,673,419 |
| Regular shares | 11,037,761 |
| All Other Shares & Deposits | 7,260,913 |
| TOTAL SHARES & DEPOSITS | 25,972,093 |
| TOTAL LIABILITIES | 26,235,445 |
| Regular Reserve | 0 |
| Other Reserves | 570,716 |
| Undivided Earnings | 3,133,897 |
| TOTAL EQUITY | 3,704,613 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,940,058 |
| INCOME & EXPENSE | |
| Loan Income | 800,641 |
| Investment Income | 229,403 |
| Other Income | 168,990 |
| Total Employee Compensation & Benefits | 507,951 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 915,070 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
| Cost of Funds | 114,480 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,101 |
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