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TCT FEDERAL CREDIT UNION

Dec, 31, 2023 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $289.93 million in total assets. Opened 65 years ago in 1959, TCT FEDERAL CREDIT UNION has about 14,382 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221374984
Name:TCT FEDERAL CREDIT UNION
Address:
(Main Office)
416 Rowland St
BALLSTON SPA, NY 12020
Phone:(518) 884-7002
Fax:(518) 884-7094
Website:https://www.tctfcu.org
Branches:4 branch locations
Members:14,382
Credit Union Type:Federal Credit Union
Charter Number:12957
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$289,927,225
CEO/Manager:Curt A Cecala
Chairperson:Peter Trombley

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,747,967
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 130,821,196
 Unsecured Loans 31,686,581
 Other Loans 65,661,269
 TOTAL LOANS 228,174,781
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -774,739
 Land And Building 3,893,248
 Other Fixed Assets 157,334
 NCUSIF Deposit 2,422,364
 All Other Assets 0
  TOTAL ASSETS 289,927,225
LIABILITIES & CAPITAL:  
 Dividends Payable 35,772
 Notes & Interest Payable 29,100,000
 Accounts Payable & Other Liabilities 992,094
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 44,846,847
 Regular shares 84,741,146
 All Other Shares & Deposits 111,299,704
  TOTAL SHARES & DEPOSITS 240,887,697
  TOTAL LIABILITIES 271,015,563
 Regular Reserve 0
 Other Reserves -6,625,502
 Undivided Earnings 25,537,164
  TOTAL EQUITY 18,911,662
  TOTAL LIABILITIES, SHARES, & EQUITY 289,927,225
INCOME & EXPENSE  
 Loan Income 10,127,025
 Investment Income 1,165,114
 Other Income 635,367
 Total Employee Compensation & Benefits 5,350,952
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,274,149
 Non-operating Income & (Expense) 136,645
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 38,700
 Cost of Funds 3,480,391
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 692,796
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