Dec, 31, 2023 — TOMPKINS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ITHACA, NY with 1 branch location and about $11.34 million in total assets. Opened 46 years ago in 1978, TOMPKINS EMPLOYEES FEDERAL CREDIT UNION has about 1,012 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: | TOMPKINS EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 202 Taughannock Blvd Ste 1B ITHACA, NY 14850-3345 |
Phone: | (607) 272-8567 |
Fax: | (607) 273-0941 |
Website: | https://www.tefcu.com |
Branches: | 1 branch locations |
Members: | 1,012 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22962 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,335,636 |
CEO/Manager: | Kimberly L Payne |
Chairperson: | David Barrett |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,001,779 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,218,776 |
Other Loans | 3,630,633 |
TOTAL LOANS | 4,849,409 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,728 |
Land And Building | 4,364 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 107,625 |
All Other Assets | 0 |
TOTAL ASSETS | 11,335,636 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,000 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 37,175 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,090,791 |
Regular shares | 7,343,557 |
All Other Shares & Deposits | 640,763 |
TOTAL SHARES & DEPOSITS | 10,075,111 |
TOTAL LIABILITIES | 10,113,286 |
Regular Reserve | 0 |
Other Reserves | 108,656 |
Undivided Earnings | 1,113,694 |
TOTAL EQUITY | 1,222,350 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,335,636 |
INCOME & EXPENSE | |
Loan Income | 397,965 |
Investment Income | 168,677 |
Other Income | 69,825 |
Total Employee Compensation & Benefits | 305,156 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 276,211 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,718 |
Cost of Funds | 21,363 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 59,150 |
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