Dec, 31, 2022 — TANGIPAHOA PARISH TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in AMITE, LA with 1 branch location and about $32.15 million in total assets. Opened 77 years ago in 1946, TANGIPAHOA PARISH TEACHERS CREDIT UNION has about 3,014 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TANGIPAHOA PARISH TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 411 E Oak st AMITE, LA 70422-2821 |
| Phone: | (985) 748-5132 |
| Fax: | (985) 748-3916 |
| Website: | https://www.tangiteachers.com |
| Branches: | 1 branch locations |
| Members: | 3,014 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60475 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,152,136 |
| CEO/Manager: | Dixie Perez |
| Chairperson: | Thomas Bellavia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,489,917 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,358,439 |
| Unsecured Loans | 1,346,478 |
| Other Loans | 5,309,404 |
| TOTAL LOANS | 15,014,321 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,850 |
| Land And Building | 130,328 |
| Other Fixed Assets | 23,695 |
| NCUSIF Deposit | 211,837 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,152,136 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,835 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,931 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 16,392,040 |
| All Other Shares & Deposits | 4,794,690 |
| TOTAL SHARES & DEPOSITS | 21,186,730 |
| TOTAL LIABILITIES | 21,202,496 |
| Regular Reserve | 0 |
| Other Reserves | 1,546,092 |
| Undivided Earnings | 9,403,548 |
| TOTAL EQUITY | 10,949,640 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,152,136 |
| INCOME & EXPENSE | |
| Loan Income | 426,872 |
| Investment Income | 192,463 |
| Other Income | 17,831 |
| Total Employee Compensation & Benefits | 220,135 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 197,043 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 64,657 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 156,812 |
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