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SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MANY, LA with 1 branch location and about $4.44 million in total assets. Opened 47 years ago in 1974, SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 649 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:SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
P O BOX 755
MANY, LA 71449
Phone:(318) 256-0191
Fax:(318) 256-5744
Website:n/a
Branches:1 branch locations
Members:649
Credit Union Type:Federal Credit Union
Charter Number:21615
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1974
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,439,934
CEO/Manager:SHELLY WIGGINS T WIGGINS
Chairperson:WILLIAM RUFFIN

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,850,778
TOTAL INVESTMENTS 19,269
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 797,356
 Other Loans 1,712,718
 TOTAL LOANS 2,510,074
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,003
 Land And Building 11,186
 Other Fixed Assets 2,705
 NCUSIF Deposit 33,705
 All Other Assets 13,220
  TOTAL ASSETS 4,439,934
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,071
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,987,605
 All Other Shares & Deposits 567,147
  TOTAL SHARES & DEPOSITS 3,554,752
  TOTAL LIABILITIES 3,556,823
 Regular Reserve 72,685
 Other Reserves 14,161
 Undivided Earnings 796,265
  TOTAL EQUITY 883,111
  TOTAL LIABILITIES, SHARES, & EQUITY 4,439,934
INCOME & EXPENSE  
 Loan Income 150,018
 Investment Income 33,807
 Other Income 918
 Total Employee Compensation & Benefits 66,381
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,252
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,292
 Cost of Funds 18,788
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 63,614
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