Dec, 31, 2020 — FORT SMITH TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $14.38 million in total assets. Opened 85 years ago in 1936, FORT SMITH TEACHERS FEDERAL CREDIT UNION has about 1,576 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT SMITH TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P. O. BOX 3606 FORT SMITH, AR 72913-3606 |
| Phone: | (479) 783-0611 |
| Fax: | (479) 783-2164 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,576 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1248 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Aug 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,375,323 |
| CEO/Manager: | Doris A Small |
| Chairperson: | Billy B Spicer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,856,480 |
| TOTAL INVESTMENTS | 7,546,712 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 855,333 |
| Other Loans | 3,354,911 |
| TOTAL LOANS | 4,210,244 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,748 |
| Land And Building | 631,004 |
| Other Fixed Assets | 15,000 |
| NCUSIF Deposit | 108,410 |
| All Other Assets | 22,221 |
| TOTAL ASSETS | 14,375,323 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,716 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 440,802 |
| Regular shares | 10,196,287 |
| All Other Shares & Deposits | 1,263,345 |
| TOTAL SHARES & DEPOSITS | 11,900,434 |
| TOTAL LIABILITIES | 11,912,114 |
| Regular Reserve | 220,025 |
| Other Reserves | 0 |
| Undivided Earnings | 2,243,184 |
| TOTAL EQUITY | 2,463,209 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,375,323 |
| INCOME & EXPENSE | |
| Loan Income | 189,830 |
| Investment Income | 167,931 |
| Other Income | 43,506 |
| Total Employee Compensation & Benefits | 168,053 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 105,161 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
| Cost of Funds | 22,066 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 98,987 |
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