Dec, 31, 2023 — NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA FE, NM with 1 branch location and about $37.60 million in total assets. Opened 82 years ago in 1942, NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION has about 1,654 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 614 Alta Vista St SANTA FE, NM 87505 |
Phone: | (505) 982-3802 |
Fax: | (505) 982-0587 |
Website: | https://www.nmsefcu.org |
Branches: | 1 branch locations |
Members: | 1,654 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4805 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,599,323 |
CEO/Manager: | Donald J Sarich |
Chairperson: | Anthony P Velarde |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,033,675 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,137,915 |
Unsecured Loans | 1,966,743 |
Other Loans | 6,897,905 |
TOTAL LOANS | 11,002,563 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,024 |
Land And Building | 274,948 |
Other Fixed Assets | 113,470 |
NCUSIF Deposit | 319,695 |
All Other Assets | 6,350 |
TOTAL ASSETS | 37,599,323 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,025,571 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,104,476 |
Regular shares | 21,656,701 |
All Other Shares & Deposits | 6,255,294 |
TOTAL SHARES & DEPOSITS | 32,016,471 |
TOTAL LIABILITIES | 34,042,042 |
Regular Reserve | 0 |
Other Reserves | -293,356 |
Undivided Earnings | 3,850,637 |
TOTAL EQUITY | 3,557,281 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,599,323 |
INCOME & EXPENSE | |
Loan Income | 615,428 |
Investment Income | 713,529 |
Other Income | 185,840 |
Total Employee Compensation & Benefits | 517,364 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 563,574 |
Non-operating Income & (Expense) | 645,208 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,999 |
Cost of Funds | 108,674 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 899,193 |
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