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TONAWANDA COMMUNITY FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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