Dec, 31, 2023 — TOPSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in DAHLGREN, VA with 4 branch locations and about $482.96 million in total assets. Opened 63 years ago in 1961, TOPSIDE FEDERAL CREDIT UNION has about 41,764 members and employs 112 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TOPSIDE FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 17442 Dahlgren Rd DAHLGREN, VA 22448 |
Phone: | (540) 663-2181 |
Fax: | (540) 663-5674 |
Website: | https://topsidefcu.org |
Branches: | 4 branch locations |
Members: | 41,764 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14754 |
---|---|
Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $482,962,579 |
CEO/Manager: | Bruce A Six |
Chairperson: | David A Martin |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 20,607,310 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 202,949,499 |
Unsecured Loans | 48,065,046 |
Other Loans | 50,471,747 |
TOTAL LOANS | 301,486,292 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,265,957 |
Land And Building | 6,309,403 |
Other Fixed Assets | 1,445,992 |
NCUSIF Deposit | 4,184,014 |
All Other Assets | 21,094 |
TOTAL ASSETS | 482,962,579 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,969 |
Notes & Interest Payable | 26,865,850 |
Accounts Payable & Other Liabilities | 4,280,423 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 101,471,199 |
Regular shares | 234,766,855 |
All Other Shares & Deposits | 96,947,394 |
TOTAL SHARES & DEPOSITS | 433,185,448 |
TOTAL LIABILITIES | 464,356,690 |
Regular Reserve | 0 |
Other Reserves | -16,644,966 |
Undivided Earnings | 35,250,855 |
TOTAL EQUITY | 18,605,889 |
TOTAL LIABILITIES, SHARES, & EQUITY | 482,962,579 |
INCOME & EXPENSE | |
Loan Income | 17,466,798 |
Investment Income | 3,238,518 |
Other Income | 2,043,700 |
Total Employee Compensation & Benefits | 8,794,238 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,428,299 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,156,902 |
Cost of Funds | 3,558,007 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,594,902 |
↑ Back to Top |