SWEENY TEACHERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — SWEENY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Sweeny, TX with 1 branch location and about $2.66 million in total assets. Opened 67 years ago in 1957, SWEENY TEACHERS FEDERAL CREDIT UNION has about 645 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SWEENY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 307 Sweeny, TX 77480 |
| Phone: | (979) 548-2662 |
| Fax: | (979) 548-2669 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 645 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11773 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,662,667 |
| CEO/Manager: | Denise Upton |
| Chairperson: | Michael Heinroth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,363,184 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 210,311 |
| Other Loans | 867,944 |
| TOTAL LOANS | 1,078,255 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,627 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 21,027 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,662,667 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 46 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,981 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,305,789 |
| All Other Shares & Deposits | 74,990 |
| TOTAL SHARES & DEPOSITS | 2,380,779 |
| TOTAL LIABILITIES | 2,388,806 |
| Regular Reserve | 0 |
| Other Reserves | 92,249 |
| Undivided Earnings | 181,612 |
| TOTAL EQUITY | 273,861 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,662,667 |
| INCOME & EXPENSE | |
| Loan Income | 51,012 |
| Investment Income | 4,111 |
| Other Income | 2,590 |
| Total Employee Compensation & Benefits | 68,837 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,841 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 812 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -18,117 |
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