SAVASTATE TEACHERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — SAVASTATE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in SAVANNAH, GA with 1 branch location and about $3.04 million in total assets. Opened 74 years ago in 1950, SAVASTATE TEACHERS FEDERAL CREDIT UNION has about 747 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SAVASTATE TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 20001 SAVANNAH, GA 31404 |
Phone: | (912) 358-4178 |
Fax: | (912) 356-2056 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 747 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6582 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,044,249 |
CEO/Manager: | Chinkqua S Beard |
Chairperson: | Alfred Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 378,872 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 88,328 |
Other Loans | 338,977 |
TOTAL LOANS | 427,305 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,137 |
Land And Building | 0 |
Other Fixed Assets | 5,112 |
NCUSIF Deposit | 22,702 |
All Other Assets | 0 |
TOTAL ASSETS | 3,044,249 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,621 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,431,231 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,431,231 |
TOTAL LIABILITIES | 2,433,852 |
Regular Reserve | 0 |
Other Reserves | 36,216 |
Undivided Earnings | 574,181 |
TOTAL EQUITY | 610,397 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,044,249 |
INCOME & EXPENSE | |
Loan Income | 18,245 |
Investment Income | 15,993 |
Other Income | 2,097 |
Total Employee Compensation & Benefits | 38,755 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,971 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,105 |
Cost of Funds | 6,271 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -19,767 |
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