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Sp Trainmen Credit Union

Overview
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Sp Trainmen Credit Union is a federal credit union based in Houston, Texas. It has been opened since 1954, for 66 years.

With around $3,170,000 in assets, Sp Trainmen Credit Union is considered to be a small credit union.

About
Address 12655 Woodforest Boulevard Suite 855
Houston, Texas 77015
Phone (713) 453-1010
Fax (713) 453-4611
CEO Karen K. Place
President of the Board Patrick Garmon
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
585 members
Membership type: Multiple common bond – primary transportation
Below average number of members
390:1
Credit union member to staff ratio
390 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$3,173,004
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Sp Trainmen Credit Union Branch Locations

Sp Trainmen Credit Union: S. P. Trainmen Federal Credit Union
12655 Woodforest Boulevard Suite 855
Houston, Texas 77015
No ATM
Members
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585 members
Membership type: Multiple common bond – primary transportation
Below average number of members

With 585 members, the Sp Trainmen Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 88% of credit unions.

Fees
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$2
Average fee per member
The average fee per member at the Sp Trainmen Credit Union is $2, which is very low compared to most credit unions. This rate is lower than 91% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Sp Trainmen Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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390:1
Credit union member to staff ratio
390 per each FTE employee
Compared to 411:1 nationally
Average number of staff
2 staff members
FTE (full-time equivalent)
50% of employees are part-time
1 full-time, 1 part-time

Sp Trainmen Credit Union has 1 full-time staff members and 1 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Sp Trainmen Credit Union has around 390 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$3,173,004
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
31.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,448
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 88% of credit unions.

Sp Trainmen Credit Union holds a total of $760,000 in loans and leases, which is about $5,448 per member on average.

Savings interest rate
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Sp Trainmen Credit Union pays 0.05%.

Loan rates
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18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
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