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STATE AGENCIES FEDERAL CREDIT UNION

Jun, 30, 2021 — STATE AGENCIES FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 1 branch location and about $10.62 million in total assets. Opened 69 years ago in 1952, STATE AGENCIES FEDERAL CREDIT UNION has about 771 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:STATE AGENCIES FEDERAL CREDIT UNION
Address:
(Main Office)
1525 FAIRFIELD AVE, STE 672
SHREVEPORT, LA 71101
Phone:(318) 676-5113
Fax:(318) 676-5116
Website:http://www.stateagenciesfcu.com
Branches:1 branch locations
Members:771
Credit Union Type:Federal Credit Union
Charter Number:8006
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1952
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$10,620,779
CEO/Manager:WILLIAM H TUTTLE
Chairperson:RAYE BOYD

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,932,254
TOTAL INVESTMENTS 2,423,878
Loans Held for Sale 0
 
 Real Estate Loans 844,464
 Unsecured Loans 645,077
 Other Loans 2,681,357
 TOTAL LOANS 4,170,898
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,000
 Land And Building 0
 Other Fixed Assets 34
 NCUSIF Deposit 77,345
 All Other Assets 23,370
  TOTAL ASSETS 10,620,779
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 471
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 904,104
 Regular shares 6,024,688
 All Other Shares & Deposits 892,134
  TOTAL SHARES & DEPOSITS 7,820,926
  TOTAL LIABILITIES 7,821,397
 Regular Reserve 185,060
 Other Reserves 0
 Undivided Earnings 2,614,322
  TOTAL EQUITY 2,799,382
  TOTAL LIABILITIES, SHARES, & EQUITY 10,620,779
INCOME & EXPENSE  
 Loan Income 140,743
 Investment Income 25,109
 Other Income 19,137
 Total Employee Compensation & Benefits 97,113
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 44,723
 Non-operating Income & (Expense) 12,034
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -110
 Cost of Funds 9,802
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 45,495
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