Dec, 31, 2023 — TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 2 branch locations and about $6.26 million in total assets. Opened 89 years ago in 1935, TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION has about 1,525 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3961 10th Ave Rm 230 NEW YORK, NY 10034-1854 |
| Phone: | (212) 942-1448 |
| Fax: | (212) 544-8761 |
| Website: | https://www.divbfcu.com |
| Branches: | 2 branch locations |
| Members: | 1,525 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 798 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,259,663 |
| CEO/Manager: | Robert Potter |
| Chairperson: | Darrell Carter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,215,450 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 722,595 |
| Other Loans | 492,285 |
| TOTAL LOANS | 1,214,880 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,258 |
| Land And Building | 385 |
| Other Fixed Assets | 7,652 |
| NCUSIF Deposit | 67,837 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,259,663 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,158 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,598,992 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,598,992 |
| TOTAL LIABILITIES | 5,646,150 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 613,513 |
| TOTAL EQUITY | 613,513 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,259,663 |
| INCOME & EXPENSE | |
| Loan Income | 125,226 |
| Investment Income | 110,445 |
| Other Income | 27,051 |
| Total Employee Compensation & Benefits | 151,605 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,462 |
| Non-operating Income & (Expense) | 1,610 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 2,767 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,498 |
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