Dec, 31, 2023 — SAN PATRICIO COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in SINTON, TX with 2 branch locations and about $29.05 million in total assets. Opened 67 years ago in 1957, SAN PATRICIO COUNTY TEACHERS FEDERAL CREDIT UNION has about 3,542 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAN PATRICIO COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 W Merriman St SINTON, TX 78387-2412 |
| Phone: | (361) 364-3683 |
| Fax: | (361) 364-2132 |
| Website: | https://www.sanpatcu.com |
| Branches: | 2 branch locations |
| Members: | 3,542 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11721 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,053,024 |
| CEO/Manager: | Kimberly Reese |
| Chairperson: | William Skoruppa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,464,188 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,246,199 |
| Unsecured Loans | 601,937 |
| Other Loans | 22,304,151 |
| TOTAL LOANS | 24,152,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -152,126 |
| Land And Building | 1,023,355 |
| Other Fixed Assets | 23,840 |
| NCUSIF Deposit | 244,881 |
| All Other Assets | 44,865 |
| TOTAL ASSETS | 29,053,024 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,185 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,505,388 |
| Regular shares | 12,531,238 |
| All Other Shares & Deposits | 9,073,225 |
| TOTAL SHARES & DEPOSITS | 25,109,852 |
| TOTAL LIABILITIES | 25,170,037 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,882,987 |
| TOTAL EQUITY | 3,882,987 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,053,024 |
| INCOME & EXPENSE | |
| Loan Income | 1,202,187 |
| Investment Income | 83,572 |
| Other Income | 106,819 |
| Total Employee Compensation & Benefits | 581,692 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 439,631 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,342 |
| Cost of Funds | 266,502 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 224,824 |
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