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STATE AGENCIES FEDERAL CREDIT UNION

Jun, 30, 2023 — STATE AGENCIES FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 1 branch location and about $10.94 million in total assets. Opened 72 years ago in 1952, STATE AGENCIES FEDERAL CREDIT UNION has about 746 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
SHREVEPORT, LA 71101
Phone:(318) 676-5113
Fax:(318) 676-5116
Website:https://www.stateagenciesfcu.com
Branches:1 branch locations
Members:746
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:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$10,940,184
CEO/Manager:WILLIAM H TUTTLE
Chairperson:Ronald Kay

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,726,496
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 774,582
 Unsecured Loans 712,144
 Other Loans 2,880,207
 TOTAL LOANS 4,366,933
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,076
 Land And Building 0
 Other Fixed Assets 34
 NCUSIF Deposit 79,609
 All Other Assets 0
  TOTAL ASSETS 10,940,184
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 663
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,155,654
 Regular shares 5,944,803
 All Other Shares & Deposits 932,845
  TOTAL SHARES & DEPOSITS 8,033,302
  TOTAL LIABILITIES 8,033,965
 Regular Reserve 0
 Other Reserves 185,060
 Undivided Earnings 2,721,159
  TOTAL EQUITY 2,906,219
  TOTAL LIABILITIES, SHARES, & EQUITY 10,940,184
INCOME & EXPENSE  
 Loan Income 227,110
 Investment Income 37,443
 Other Income 33,092
 Total Employee Compensation & Benefits 147,047
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,208
 Non-operating Income & (Expense) 360
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 19,098
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 66,652
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