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SEMINOLE PUBLIC SCHOOLS FEDERAL CREDIT UNION

Dec, 31, 2023 — SEMINOLE PUBLIC SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in SEMINOLE, TX with 1 branch location and about $7.28 million in total assets. Opened 59 years ago in 1965, SEMINOLE PUBLIC SCHOOLS FEDERAL CREDIT UNION has about 765 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SEMINOLE PUBLIC SCHOOLS FEDERAL CREDIT UNION
Address:
(Main Office)
207 SW 6th St
SEMINOLE, TX 79360
Phone:(432) 758-3942
Fax:
Website:n/a
Branches:1 branch locations
Members:765
Credit Union Type:Federal Credit Union
Charter Number:17154
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1965
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$7,276,551
CEO/Manager:Karla E Morton
Chairperson:Gaynette Turner

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 830,440
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 493,820
 Other Loans 2,567,756
 TOTAL LOANS 3,061,576
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -23,875
 Land And Building 0
 Other Fixed Assets 12,132
 NCUSIF Deposit 55,658
 All Other Assets 0
  TOTAL ASSETS 7,276,551
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,886
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,606,761
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,606,761
  TOTAL LIABILITIES 5,629,647
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,646,904
  TOTAL EQUITY 1,646,904
  TOTAL LIABILITIES, SHARES, & EQUITY 7,276,551
INCOME & EXPENSE  
 Loan Income 245,596
 Investment Income 155,633
 Other Income 518
 Total Employee Compensation & Benefits 152,435
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 66,756
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,569
 Cost of Funds 169,282
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,949
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