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SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION

Dec, 31, 2021 — SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $32.72 million in total assets. Opened 85 years ago in 1937, SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION has about 4,621 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION
Address:
(Main Office)
728 Harding Blvd
BATON ROUGE, LA 70807
Phone:(225) 775-8597
Fax:(225) 775-8614
Website:http://www.stpfcu.com
Branches:2 branch locations
Members:4,621
Credit Union Type:Federal Credit Union
Charter Number:2068
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$32,723,704
CEO/Manager:Jama R Haynes
Chairperson:Jesse L Perkins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,755,194
TOTAL INVESTMENTS 11,380,549
Loans Held for Sale 0
 
 Real Estate Loans 2,352,312
 Unsecured Loans 2,361,102
 Other Loans 7,872,253
 TOTAL LOANS 12,585,667
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -243,380
 Land And Building 808,419
 Other Fixed Assets 39,801
 NCUSIF Deposit 276,203
 All Other Assets 121,251
  TOTAL ASSETS 32,723,704
LIABILITIES & CAPITAL:  
 Dividends Payable 4,747
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 150,034
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,339,768
 Regular shares 23,191,593
 All Other Shares & Deposits 3,730,165
  TOTAL SHARES & DEPOSITS 30,261,526
  TOTAL LIABILITIES 30,416,307
 Regular Reserve 953,917
 Other Reserves -56,395
 Undivided Earnings 1,409,875
  TOTAL EQUITY 2,307,397
  TOTAL LIABILITIES, SHARES, & EQUITY 32,723,704
INCOME & EXPENSE  
 Loan Income 797,961
 Investment Income 149,542
 Other Income 308,475
 Total Employee Compensation & Benefits 645,057
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 891,517
 Non-operating Income & (Expense) 28,796
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 30,149
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 255,866
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