Dec, 31, 2023 — TUSKEGEE FEDERAL CREDIT UNION is a federal credit union headquartered in TUSKEGEE, AL with 1 branch location and about $12.89 million in total assets. Opened 86 years ago in 1938, TUSKEGEE FEDERAL CREDIT UNION has about 2,040 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TUSKEGEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 304 W Montgomery Rd TUSKEGEE, AL 36083-1520 |
| Phone: | (334) 727-3180 |
| Fax: | (334) 727-0066 |
| Website: | https://www.tuskegeefcu.com |
| Branches: | 1 branch locations |
| Members: | 2,040 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2791 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,888,525 |
| CEO/Manager: | Pamela Roberts |
| Chairperson: | FRED D GRAY, JR. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,029,244 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,428,171 |
| Unsecured Loans | 597,092 |
| Other Loans | 1,760,183 |
| TOTAL LOANS | 5,785,446 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,258 |
| Land And Building | 147,752 |
| Other Fixed Assets | 25,626 |
| NCUSIF Deposit | 109,924 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,888,525 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 79,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 240,000 |
| Share Drafts | 2,365,954 |
| Regular shares | 7,183,731 |
| All Other Shares & Deposits | 2,540,107 |
| TOTAL SHARES & DEPOSITS | 12,089,792 |
| TOTAL LIABILITIES | 12,409,433 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 479,092 |
| TOTAL EQUITY | 479,092 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,888,525 |
| INCOME & EXPENSE | |
| Loan Income | 362,055 |
| Investment Income | 122,893 |
| Other Income | 134,473 |
| Total Employee Compensation & Benefits | 258,015 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 219,562 |
| Non-operating Income & (Expense) | -15,341 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,983 |
| Cost of Funds | 39,039 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 71,434 |
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