Dec, 31, 2023 — WHITE SANDS FEDERAL CREDIT UNION is a federal credit union headquartered in LAS CRUCES, NM with 4 branch locations and about $396.59 million in total assets. Opened 72 years ago in 1952, WHITE SANDS FEDERAL CREDIT UNION has about 30,948 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WHITE SANDS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2755 N Main St LAS CRUCES, NM 88001-1149 |
Phone: | (575) 647-4500 |
Fax: | (575) 647-4680 |
Website: | https://www.wsfcu.org |
Branches: | 4 branch locations |
Members: | 30,948 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7960 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $396,591,500 |
CEO/Manager: | Phillip Fifield |
Chairperson: | Patricia Wagner |
ASSETS: | $ Amount |
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Cash & Equivalents | 41,853,324 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 68,322,463 |
Unsecured Loans | 10,593,226 |
Other Loans | 129,055,585 |
TOTAL LOANS | 207,971,274 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,876 |
Land And Building | 5,556,130 |
Other Fixed Assets | 1,161,799 |
NCUSIF Deposit | 3,569,123 |
All Other Assets | 112,644 |
TOTAL ASSETS | 396,591,500 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 94 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 536,492 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 80,994,836 |
Regular shares | 176,356,814 |
All Other Shares & Deposits | 95,650,720 |
TOTAL SHARES & DEPOSITS | 353,002,370 |
TOTAL LIABILITIES | 353,538,956 |
Regular Reserve | 0 |
Other Reserves | -68,061 |
Undivided Earnings | 43,120,605 |
TOTAL EQUITY | 43,052,544 |
TOTAL LIABILITIES, SHARES, & EQUITY | 396,591,500 |
INCOME & EXPENSE | |
Loan Income | 9,780,901 |
Investment Income | 4,666,593 |
Other Income | 2,445,355 |
Total Employee Compensation & Benefits | 5,504,635 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,963,574 |
Non-operating Income & (Expense) | 93,804 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -19,942 |
Cost of Funds | 1,598,772 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,167,150 |
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