Dec, 31, 2023 — SANDIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 7 branch locations and about $1.18 billion in total assets. Opened 68 years ago in 1956, SANDIA AREA FEDERAL CREDIT UNION has about 85,230 members and employs 187 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SANDIA AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8000 Palomas Ave NE ALBUQUERQUE, NM 87109 |
| Phone: | (505) 292-6343 |
| Fax: | |
| Website: | https://www.sandia.org |
| Branches: | 7 branch locations |
| Members: | 85,230 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11316 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,176,004,242 |
| CEO/Manager: | Kevin M Todd |
| Chairperson: | Freiler R Burton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,937,598 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 293,058,626 |
| Unsecured Loans | 22,198,184 |
| Other Loans | 688,277,346 |
| TOTAL LOANS | 1,003,957,741 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,549,350 |
| Land And Building | 27,534,375 |
| Other Fixed Assets | 3,726,769 |
| NCUSIF Deposit | 8,783,125 |
| All Other Assets | 359,420 |
| TOTAL ASSETS | 1,176,004,242 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 23,815,928 |
| Accounts Payable & Other Liabilities | 5,846,600 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 154,638,188 |
| Regular shares | 263,608,693 |
| All Other Shares & Deposits | 612,692,436 |
| TOTAL SHARES & DEPOSITS | 1,030,939,316 |
| TOTAL LIABILITIES | 1,060,601,844 |
| Regular Reserve | 0 |
| Other Reserves | -11,155,209 |
| Undivided Earnings | 126,557,607 |
| TOTAL EQUITY | 115,402,398 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,176,004,242 |
| INCOME & EXPENSE | |
| Loan Income | 36,657,524 |
| Investment Income | 3,488,869 |
| Other Income | 2,870,262 |
| Total Employee Compensation & Benefits | 11,799,390 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,546,919 |
| Non-operating Income & (Expense) | -88 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 950,000 |
| Cost of Funds | 15,728,365 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,930,794 |
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