Jun, 30, 2024 — SP TRAINMEN FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $3.31 million in total assets. Opened 70 years ago in 1954, SP TRAINMEN FEDERAL CREDIT UNION has about 522 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SP TRAINMEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12655 Woodforest Blvd Ste 855 HOUSTON, TX 77015-3466 |
| Phone: | (713) 453-1010 |
| Fax: | (713) 453-4611 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 522 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9496 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,312,130 |
| CEO/Manager: | Karen K Place |
| Chairperson: | Darrin C Godejohn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 114,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 166,545 |
| Other Loans | 659,311 |
| TOTAL LOANS | 825,856 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,813 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 24,336 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,312,130 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,042 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,416,184 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,416,184 |
| TOTAL LIABILITIES | 2,420,226 |
| Regular Reserve | 0 |
| Other Reserves | 154,852 |
| Undivided Earnings | 737,052 |
| TOTAL EQUITY | 891,904 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,312,130 |
| INCOME & EXPENSE | |
| Loan Income | 39,533 |
| Investment Income | 23,438 |
| Other Income | 1,065 |
| Total Employee Compensation & Benefits | 59,566 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 44,912 |
| Non-operating Income & (Expense) | 90 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 816 |
| Cost of Funds | 2,045 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -37,793 |
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