Dec, 31, 2023 — TRANSPORTATION FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 4 branch locations and about $270.43 million in total assets. Opened 85 years ago in 1939, TRANSPORTATION FEDERAL CREDIT UNION has about 14,371 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TRANSPORTATION FEDERAL CREDIT UNION |
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Address: (Main Office) | 1600 Cameron St ALEXANDRIA, VA 22314 |
Phone: | (202) 366-9400 |
Fax: | (202) 385-6098 |
Website: | https://www.transfcu.com |
Branches: | 4 branch locations |
Members: | 14,371 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3140 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $270,433,266 |
CEO/Manager: | Mary Jane M Neusaenger |
Chairperson: | Keith Washington |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,530,518 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 141,114,052 |
Unsecured Loans | 23,002,034 |
Other Loans | 43,602,156 |
TOTAL LOANS | 207,718,242 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,672,527 |
Land And Building | 7,002,086 |
Other Fixed Assets | 297,570 |
NCUSIF Deposit | 2,386,717 |
All Other Assets | 0 |
TOTAL ASSETS | 270,433,266 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,563,253 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 56,978,014 |
Regular shares | 78,372,851 |
All Other Shares & Deposits | 103,037,023 |
TOTAL SHARES & DEPOSITS | 238,387,888 |
TOTAL LIABILITIES | 240,951,141 |
Regular Reserve | 0 |
Other Reserves | 391,869 |
Undivided Earnings | 29,090,256 |
TOTAL EQUITY | 29,482,125 |
TOTAL LIABILITIES, SHARES, & EQUITY | 270,433,266 |
INCOME & EXPENSE | |
Loan Income | 10,981,012 |
Investment Income | 755,773 |
Other Income | 977,946 |
Total Employee Compensation & Benefits | 4,903,233 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,508,214 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 112,671 |
Cost of Funds | 2,518,438 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,722,433 |
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