Dec, 31, 2023 — SP TRAINMEN FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $3.27 million in total assets. Opened 70 years ago in 1954, SP TRAINMEN FEDERAL CREDIT UNION has about 508 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SP TRAINMEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12655 Woodforest Blvd Ste 855 HOUSTON, TX 77015-3466 |
| Phone: | (713) 453-1010 |
| Fax: | (713) 453-4611 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 508 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9496 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,274,688 |
| CEO/Manager: | Karen K Place |
| Chairperson: | Darrin C Godejohn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 71,534 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 171,306 |
| Other Loans | 758,110 |
| TOTAL LOANS | 929,416 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,395 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 22,860 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,274,688 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 219,777 |
| Accounts Payable & Other Liabilities | 489,956 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,766,617 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,766,617 |
| TOTAL LIABILITIES | 2,476,350 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 798,338 |
| TOTAL EQUITY | 798,338 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,274,688 |
| INCOME & EXPENSE | |
| Loan Income | 66,704 |
| Investment Income | 31,478 |
| Other Income | 844 |
| Total Employee Compensation & Benefits | 102,156 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 63,888 |
| Non-operating Income & (Expense) | 28 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 582 |
| Cost of Funds | 12,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -79,175 |
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