Dec, 31, 2023 — SPOKANE TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in LIBERTY LAKE, WA with 40 branch locations and about $5.79 billion in total assets. Opened 90 years ago in 1934, SPOKANE TEACHERS CREDIT UNION has about 275,544 members and employs 939 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPOKANE TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1620 N Signal Dr LIBERTY LAKE, WA 99019 |
| Phone: | (509) 326-1954 |
| Fax: | |
| Website: | https://www.stcu.org |
| Branches: | 40 branch locations |
| Members: | 275,544 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68203 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,788,274,680 |
| CEO/Manager: | Ezra Eckhardt |
| Chairperson: | Steven Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 260,383,817 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,064,701 |
| Real Estate Loans | 2,645,257,809 |
| Unsecured Loans | 405,186,675 |
| Other Loans | 1,732,734,644 |
| TOTAL LOANS | 4,783,179,127 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,370,000 |
| Land And Building | 75,776,242 |
| Other Fixed Assets | 16,897,081 |
| NCUSIF Deposit | 41,570,449 |
| All Other Assets | 121,155 |
| TOTAL ASSETS | 5,788,274,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 248,249 |
| Notes & Interest Payable | 586,566,494 |
| Accounts Payable & Other Liabilities | 67,419,371 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 49,445,833 |
| Share Drafts | 1,224,554,675 |
| Regular shares | 958,877,847 |
| All Other Shares & Deposits | 2,409,132,330 |
| TOTAL SHARES & DEPOSITS | 4,592,564,852 |
| TOTAL LIABILITIES | 5,298,148,668 |
| Regular Reserve | 0 |
| Other Reserves | -56,569,001 |
| Undivided Earnings | 546,695,013 |
| TOTAL EQUITY | 490,126,012 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,788,274,680 |
| INCOME & EXPENSE | |
| Loan Income | 233,942,915 |
| Investment Income | 21,499,442 |
| Other Income | 24,106,985 |
| Total Employee Compensation & Benefits | 94,032,605 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 61,032,105 |
| Non-operating Income & (Expense) | -19,351 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,367,423 |
| Cost of Funds | 78,634,265 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,815,807 |
| ↑ Back to Top | |