Dec, 31, 2023 — KIRTLAND FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 9 branch locations and about $1.09 billion in total assets. Opened 66 years ago in 1958, KIRTLAND FEDERAL CREDIT UNION has about 52,416 members and employs 172 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KIRTLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 6440 Gibson Blvd SE ALBUQUERQUE, NM 87108 |
Phone: | (505) 254-4369 |
Fax: | |
Website: | https://www.kirtlandcu.org |
Branches: | 9 branch locations |
Members: | 52,416 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12199 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,094,044,485 |
CEO/Manager: | Matt Rarden |
Chairperson: | Matthew Nixon |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,852,876 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 341,467,824 |
Unsecured Loans | 64,755,586 |
Other Loans | 410,546,800 |
TOTAL LOANS | 818,494,692 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,540,000 |
Land And Building | 5,464,706 |
Other Fixed Assets | 3,145,083 |
NCUSIF Deposit | 8,367,666 |
All Other Assets | 243,812 |
TOTAL ASSETS | 1,094,044,485 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,118,648 |
Notes & Interest Payable | 84,923,000 |
Accounts Payable & Other Liabilities | 14,787,151 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 166,169,596 |
Regular shares | 225,796,416 |
All Other Shares & Deposits | 483,547,113 |
TOTAL SHARES & DEPOSITS | 875,513,125 |
TOTAL LIABILITIES | 976,341,924 |
Regular Reserve | 0 |
Other Reserves | -5,959,794 |
Undivided Earnings | 123,662,355 |
TOTAL EQUITY | 117,702,561 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,094,044,485 |
INCOME & EXPENSE | |
Loan Income | 38,890,703 |
Investment Income | 15,239,372 |
Other Income | 1,856,067 |
Total Employee Compensation & Benefits | 16,621,651 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,009,980 |
Non-operating Income & (Expense) | -569 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,331,618 |
Cost of Funds | 26,354,038 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,911,965 |
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