Dec, 31, 2020 — SAN PATRICIO COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Sinton, TX with 2 branch locations and about $31.75 million in total assets. Opened 64 years ago in 1957, SAN PATRICIO COUNTY TEACHERS FEDERAL CREDIT UNION has about 3,769 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAN PATRICIO COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 W. Merriman Sinton, TX 78387 |
| Phone: | (361) 364-3683 |
| Fax: | (361) 364-2132 |
| Website: | http://www.sanpatcu.com |
| Branches: | 2 branch locations |
| Members: | 3,769 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11721 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,750,688 |
| CEO/Manager: | Kimberly Reese |
| Chairperson: | William Skoruppa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,169,377 |
| TOTAL INVESTMENTS | 3,674,266 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,706,726 |
| Unsecured Loans | 636,787 |
| Other Loans | 18,118,727 |
| TOTAL LOANS | 20,462,240 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -127,886 |
| Land And Building | 1,081,379 |
| Other Fixed Assets | 8,048 |
| NCUSIF Deposit | 268,700 |
| All Other Assets | 214,564 |
| TOTAL ASSETS | 31,750,688 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 108,464 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,663,048 |
| Regular shares | 11,962,418 |
| All Other Shares & Deposits | 12,470,516 |
| TOTAL SHARES & DEPOSITS | 28,095,982 |
| TOTAL LIABILITIES | 28,204,446 |
| Regular Reserve | 183,836 |
| Other Reserves | 0 |
| Undivided Earnings | 3,362,406 |
| TOTAL EQUITY | 3,546,242 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,750,688 |
| INCOME & EXPENSE | |
| Loan Income | 973,153 |
| Investment Income | 55,317 |
| Other Income | 292,436 |
| Total Employee Compensation & Benefits | 571,693 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 426,375 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
| Cost of Funds | 176,285 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 96,553 |
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