Dec, 31, 2023 — PORT ARTHUR TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORT ARTHUR, TX with 2 branch locations and about $36.15 million in total assets. Opened 71 years ago in 1953, PORT ARTHUR TEACHERS FEDERAL CREDIT UNION has about 3,193 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PORT ARTHUR TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3001 JIMMY JOHNSON BLVD PORT ARTHUR, TX 77642 |
Phone: | (409) 729-3075 |
Fax: | (409) 729-7575 |
Website: | https://www.patfcu.org |
Branches: | 2 branch locations |
Members: | 3,193 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8413 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,151,493 |
CEO/Manager: | CINDY H DRUMMOND |
Chairperson: | CHARLES TRAHAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,430,676 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,554,691 |
Other Loans | 7,333,336 |
TOTAL LOANS | 9,888,027 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -190,306 |
Land And Building | 445,154 |
Other Fixed Assets | 20,364 |
NCUSIF Deposit | 315,177 |
All Other Assets | 1,904 |
TOTAL ASSETS | 36,151,493 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 467,276 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,208,780 |
Regular shares | 16,938,055 |
All Other Shares & Deposits | 7,569,641 |
TOTAL SHARES & DEPOSITS | 30,716,476 |
TOTAL LIABILITIES | 31,183,752 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,967,741 |
TOTAL EQUITY | 4,967,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,151,493 |
INCOME & EXPENSE | |
Loan Income | 627,976 |
Investment Income | 583,299 |
Other Income | 359,157 |
Total Employee Compensation & Benefits | 600,228 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 758,370 |
Non-operating Income & (Expense) | 217,972 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 182,000 |
Cost of Funds | 111,477 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 136,329 |
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