Dec, 31, 2023 — SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $29.38 million in total assets. Opened 87 years ago in 1937, SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION has about 4,342 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 728 Harding Blvd BATON ROUGE, LA 70807 |
| Phone: | (225) 775-8597 |
| Fax: | (225) 775-8614 |
| Website: | https://www.stpfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,342 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2068 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,381,208 |
| CEO/Manager: | Jama R Haynes |
| Chairperson: | Jesse L Perkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,249,420 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,477,926 |
| Unsecured Loans | 2,649,669 |
| Other Loans | 10,422,257 |
| TOTAL LOANS | 15,549,852 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,672 |
| Land And Building | 708,904 |
| Other Fixed Assets | 120,531 |
| NCUSIF Deposit | 287,267 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,381,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,626 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 149,494 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,846,608 |
| Regular shares | 20,860,903 |
| All Other Shares & Deposits | 3,262,757 |
| TOTAL SHARES & DEPOSITS | 26,970,268 |
| TOTAL LIABILITIES | 27,124,388 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,256,820 |
| TOTAL EQUITY | 2,256,820 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,381,208 |
| INCOME & EXPENSE | |
| Loan Income | 825,342 |
| Investment Income | 228,661 |
| Other Income | 302,465 |
| Total Employee Compensation & Benefits | 586,792 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 942,337 |
| Non-operating Income & (Expense) | 27,797 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,000 |
| Cost of Funds | 42,609 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -69,345 |
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