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 |
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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 |
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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 |
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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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