Dec, 31, 2023 — SPOKANE TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in LIBERTY LAKE, WA with 40 branch locations and about $5.79 billion in total assets. Opened 90 years ago in 1934, SPOKANE TEACHERS CREDIT UNION has about 275,544 members and employs 939 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPOKANE TEACHERS CREDIT UNION |
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Address: (Main Office) | 1620 N Signal Dr LIBERTY LAKE, WA 99019 |
Phone: | (509) 326-1954 |
Fax: | |
Website: | https://www.stcu.org |
Branches: | 40 branch locations |
Members: | 275,544 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68203 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,788,274,680 |
CEO/Manager: | Ezra Eckhardt |
Chairperson: | Steven Jones |
ASSETS: | $ Amount |
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Cash & Equivalents | 260,383,817 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,064,701 |
Real Estate Loans | 2,645,257,809 |
Unsecured Loans | 405,186,675 |
Other Loans | 1,732,734,644 |
TOTAL LOANS | 4,783,179,127 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,370,000 |
Land And Building | 75,776,242 |
Other Fixed Assets | 16,897,081 |
NCUSIF Deposit | 41,570,449 |
All Other Assets | 121,155 |
TOTAL ASSETS | 5,788,274,680 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 248,249 |
Notes & Interest Payable | 586,566,494 |
Accounts Payable & Other Liabilities | 67,419,371 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 49,445,833 |
Share Drafts | 1,224,554,675 |
Regular shares | 958,877,847 |
All Other Shares & Deposits | 2,409,132,330 |
TOTAL SHARES & DEPOSITS | 4,592,564,852 |
TOTAL LIABILITIES | 5,298,148,668 |
Regular Reserve | 0 |
Other Reserves | -56,569,001 |
Undivided Earnings | 546,695,013 |
TOTAL EQUITY | 490,126,012 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,788,274,680 |
INCOME & EXPENSE | |
Loan Income | 233,942,915 |
Investment Income | 21,499,442 |
Other Income | 24,106,985 |
Total Employee Compensation & Benefits | 94,032,605 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 61,032,105 |
Non-operating Income & (Expense) | -19,351 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,367,423 |
Cost of Funds | 78,634,265 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 45,815,807 |
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