Dec, 31, 2023 — SANTA BARBARA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA BARBARA, CA with 3 branch locations and about $280.40 million in total assets. Opened 87 years ago in 1937, SANTA BARBARA TEACHERS FEDERAL CREDIT UNION has about 9,502 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SANTA BARBARA TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3970 La Colina Rd SANTA BARBARA, CA 93110-1563 |
Phone: | (805) 682-2467 |
Fax: | (805) 682-0203 |
Website: | https://www.sbtfcu.org |
Branches: | 3 branch locations |
Members: | 9,502 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1909 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $280,404,739 |
CEO/Manager: | Roy McLaughlin |
Chairperson: | Peter T Rojas |
ASSETS: | $ Amount |
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Cash & Equivalents | 92,782,539 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,167,194 |
Unsecured Loans | 2,454,479 |
Other Loans | 8,623,658 |
TOTAL LOANS | 64,245,331 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,341 |
Land And Building | 0 |
Other Fixed Assets | 131,556 |
NCUSIF Deposit | 2,498,063 |
All Other Assets | 0 |
TOTAL ASSETS | 280,404,739 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,692,271 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,651,207 |
Regular shares | 204,099,262 |
All Other Shares & Deposits | 8,052,055 |
TOTAL SHARES & DEPOSITS | 246,802,524 |
TOTAL LIABILITIES | 248,494,795 |
Regular Reserve | 0 |
Other Reserves | -2,492,380 |
Undivided Earnings | 34,402,324 |
TOTAL EQUITY | 31,909,944 |
TOTAL LIABILITIES, SHARES, & EQUITY | 280,404,739 |
INCOME & EXPENSE | |
Loan Income | 2,268,177 |
Investment Income | 10,512,790 |
Other Income | 57,833 |
Total Employee Compensation & Benefits | 2,246,248 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,576,637 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,464 |
Cost of Funds | 4,716,777 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,468,780 |
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» See also Statement of Financial Condition