Dec, 31, 2023 — SP TRAINMEN FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $3.27 million in total assets. Opened 70 years ago in 1954, SP TRAINMEN FEDERAL CREDIT UNION has about 508 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 |
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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: | 508 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9496 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,274,688 |
CEO/Manager: | Karen K Place |
Chairperson: | Darrin C Godejohn |
ASSETS: | $ Amount |
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Cash & Equivalents | 71,534 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 171,306 |
Other Loans | 758,110 |
TOTAL LOANS | 929,416 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,395 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 22,860 |
All Other Assets | 0 |
TOTAL ASSETS | 3,274,688 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 219,777 |
Accounts Payable & Other Liabilities | 489,956 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,766,617 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,766,617 |
TOTAL LIABILITIES | 2,476,350 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 798,338 |
TOTAL EQUITY | 798,338 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,274,688 |
INCOME & EXPENSE | |
Loan Income | 66,704 |
Investment Income | 31,478 |
Other Income | 844 |
Total Employee Compensation & Benefits | 102,156 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 63,888 |
Non-operating Income & (Expense) | 28 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 582 |
Cost of Funds | 12,233 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -79,175 |
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