Dec, 31, 2023 — QUESTA CREDIT UNION is a federally insured state chartered credit union headquartered in QUESTA, NM with 3 branch locations and about $23.33 million in total assets. Opened 65 years ago in 1959, QUESTA CREDIT UNION has about 2,046 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QUESTA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2433 NM-522 QUESTA, NM 87556 |
| Phone: | (575) 586-0423 |
| Fax: | (575) 586-9201 |
| Website: | https://www.questacreditunion.org |
| Branches: | 3 branch locations |
| Members: | 2,046 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66252 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,334,641 |
| CEO/Manager: | Katherine Flory |
| Chairperson: | Malaquias Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,344,326 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,385,366 |
| Unsecured Loans | 397,983 |
| Other Loans | 9,754,002 |
| TOTAL LOANS | 14,537,351 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -293,374 |
| Land And Building | 669,908 |
| Other Fixed Assets | 13,333 |
| NCUSIF Deposit | 150,224 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,334,641 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,925 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,924,170 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,672,787 |
| Regular shares | 9,578,188 |
| All Other Shares & Deposits | 2,667,801 |
| TOTAL SHARES & DEPOSITS | 15,918,776 |
| TOTAL LIABILITIES | 18,856,871 |
| Regular Reserve | 0 |
| Other Reserves | 189,129 |
| Undivided Earnings | 4,288,641 |
| TOTAL EQUITY | 4,477,770 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,334,641 |
| INCOME & EXPENSE | |
| Loan Income | 969,839 |
| Investment Income | 249,174 |
| Other Income | 265,645 |
| Total Employee Compensation & Benefits | 339,896 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 441,537 |
| Non-operating Income & (Expense) | 165,052 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,044 |
| Cost of Funds | 79,813 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 695,420 |
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