Dec, 31, 2022 — FORT SMITH TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $15.76 million in total assets. Opened 87 years ago in 1936, FORT SMITH TEACHERS FEDERAL CREDIT UNION has about 1,493 members 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) | 5501 Euper Ln FORT SMITH, AR 72903-3233 |
| Phone: | (479) 783-0611 |
| Fax: | (479) 783-2164 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,493 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,760,138 |
| CEO/Manager: | Doris A Small |
| Chairperson: | Billy B Spicer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,357,093 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 839,130 |
| Other Loans | 3,491,815 |
| TOTAL LOANS | 4,330,945 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,136 |
| Land And Building | 611,573 |
| Other Fixed Assets | 28,888 |
| NCUSIF Deposit | 129,696 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,760,138 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,515 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 601,727 |
| Regular shares | 11,324,966 |
| All Other Shares & Deposits | 1,245,308 |
| TOTAL SHARES & DEPOSITS | 13,172,001 |
| TOTAL LIABILITIES | 13,183,400 |
| Regular Reserve | 0 |
| Other Reserves | 220,025 |
| Undivided Earnings | 2,356,713 |
| TOTAL EQUITY | 2,576,738 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,760,138 |
| INCOME & EXPENSE | |
| Loan Income | 125,208 |
| Investment Income | 76,339 |
| Other Income | 4,395 |
| Total Employee Compensation & Benefits | 103,174 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 84,639 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,933 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,290 |
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