Dec, 31, 2023 — SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MANY, LA with 1 branch location and about $4.82 million in total assets. Opened 50 years ago in 1974, SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 657 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SABINE SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 695 PETERSON ST MANY, LA 71449 |
| Phone: | (318) 256-0191 |
| Fax: | (318) 256-5744 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 657 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21615 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,818,967 |
| CEO/Manager: | SHELLY T WIGGINS |
| Chairperson: | WILLIAM RUFFIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,207,258 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 910,255 |
| Other Loans | 1,620,153 |
| TOTAL LOANS | 2,530,408 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,469 |
| Land And Building | 8,795 |
| Other Fixed Assets | 2,540 |
| NCUSIF Deposit | 37,690 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,818,967 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,986 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,386,733 |
| All Other Shares & Deposits | 1,435,053 |
| TOTAL SHARES & DEPOSITS | 3,821,786 |
| TOTAL LIABILITIES | 3,828,772 |
| Regular Reserve | 0 |
| Other Reserves | 83,679 |
| Undivided Earnings | 906,516 |
| TOTAL EQUITY | 990,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,818,967 |
| INCOME & EXPENSE | |
| Loan Income | 169,462 |
| Investment Income | 87,954 |
| Other Income | 150 |
| Total Employee Compensation & Benefits | 77,284 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,164 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,954 |
| Cost of Funds | 85,884 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,280 |
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