Dec, 31, 2023 — TONAWANDA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $44.64 million in total assets. Opened 48 years ago in 1976, TONAWANDA COMMUNITY FEDERAL CREDIT UNION has about 5,100 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TONAWANDA COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 257 Highland Pkwy BUFFALO, NY 14223-1407 |
Phone: | (716) 873-4688 |
Fax: | (716) 873-2124 |
Website: | https://toncomfcu.com |
Branches: | 1 branch locations |
Members: | 5,100 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22464 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,640,761 |
CEO/Manager: | Kathleen Schibler |
Chairperson: | Keith Stendahl |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,248,822 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,072,412 |
Unsecured Loans | 2,526,979 |
Other Loans | 4,466,736 |
TOTAL LOANS | 14,066,127 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -129,164 |
Land And Building | 93,508 |
Other Fixed Assets | 4,036 |
NCUSIF Deposit | 440,867 |
All Other Assets | 0 |
TOTAL ASSETS | 44,640,761 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,379 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,418,636 |
Regular shares | 28,596,854 |
All Other Shares & Deposits | 1,786,530 |
TOTAL SHARES & DEPOSITS | 40,802,020 |
TOTAL LIABILITIES | 40,813,399 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,827,362 |
TOTAL EQUITY | 3,827,362 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,640,761 |
INCOME & EXPENSE | |
Loan Income | 686,653 |
Investment Income | 291,351 |
Other Income | 157,554 |
Total Employee Compensation & Benefits | 341,760 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 555,243 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,225 |
Cost of Funds | 23,697 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 271,331 |
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