Dec, 31, 2023 — SABINE FEDERAL CREDIT UNION is a federal credit union headquartered in ORANGE, TX with 4 branch locations and about $229.56 million in total assets. Opened 76 years ago in 1948, SABINE FEDERAL CREDIT UNION has about 13,938 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SABINE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1939 Strickland Dr ORANGE, TX 77630-2901 |
Phone: | (409) 988-1300 |
Fax: | (409) 988-1340 |
Website: | https://www.sabinefcu.org |
Branches: | 4 branch locations |
Members: | 13,938 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5866 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $229,560,639 |
CEO/Manager: | Kristi Charrier |
Chairperson: | Charlotte Foreman |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,714,457 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 69,188,933 |
Unsecured Loans | 10,190,046 |
Other Loans | 73,445,239 |
TOTAL LOANS | 152,824,218 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -600,230 |
Land And Building | 5,742,791 |
Other Fixed Assets | 599,020 |
NCUSIF Deposit | 1,996,014 |
All Other Assets | 27,316 |
TOTAL ASSETS | 229,560,639 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 82,714 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,098,083 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 49,470,118 |
Regular shares | 112,555,136 |
All Other Shares & Deposits | 38,219,909 |
TOTAL SHARES & DEPOSITS | 200,245,163 |
TOTAL LIABILITIES | 202,425,960 |
Regular Reserve | 0 |
Other Reserves | -802,145 |
Undivided Earnings | 27,936,824 |
TOTAL EQUITY | 27,134,679 |
TOTAL LIABILITIES, SHARES, & EQUITY | 229,560,639 |
INCOME & EXPENSE | |
Loan Income | 6,977,006 |
Investment Income | 1,063,236 |
Other Income | 1,235,383 |
Total Employee Compensation & Benefits | 4,549,100 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,199,805 |
Non-operating Income & (Expense) | -7 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 424,245 |
Cost of Funds | 1,046,045 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 412,718 |
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