Dec, 31, 2023 — MT TAYLOR FEDERAL CREDIT UNION is a federal credit union headquartered in GRANTS, NM with 1 branch location and about $2.14 million in total assets. Opened 64 years ago in 1960, MT TAYLOR FEDERAL CREDIT UNION has about 238 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MT TAYLOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1003 N 1ST ST GRANTS, NM 87020-2807 |
| Phone: | (505) 287-7551 |
| Fax: | (505) 287-7551 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 238 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13654 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,143,579 |
| CEO/Manager: | KATHY GALLEGOS |
| Chairperson: | CYNTHIA WILSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 638,693 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 81,217 |
| Other Loans | 678,469 |
| TOTAL LOANS | 759,686 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,150 |
| Land And Building | 127,500 |
| Other Fixed Assets | 16,493 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,143,579 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 718 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,765,732 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,765,732 |
| TOTAL LIABILITIES | 1,771,212 |
| Regular Reserve | 0 |
| Other Reserves | 78,387 |
| Undivided Earnings | 293,980 |
| TOTAL EQUITY | 372,367 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,143,579 |
| INCOME & EXPENSE | |
| Loan Income | 34,577 |
| Investment Income | 7,791 |
| Other Income | 1,450 |
| Total Employee Compensation & Benefits | 15,614 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,910 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,291 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,003 |
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