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NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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