Dec, 31, 2023 — TWIN RIVERS FEDERAL CREDIT UNION is a federal credit union headquartered in MASSENA, NY with 1 branch location and about $37.06 million in total assets. Opened 54 years ago in 1970, TWIN RIVERS FEDERAL CREDIT UNION has about 2,723 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TWIN RIVERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 23 Phillips St MASSENA, NY 13662 |
Phone: | (315) 764-0240 |
Fax: | (315) 769-2219 |
Website: | https://www.twinriversfcu.org |
Branches: | 1 branch locations |
Members: | 2,723 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20290 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $37,059,489 |
CEO/Manager: | Jane M Tyo |
Chairperson: | R Shawn Gray |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,259,269 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,912,291 |
Unsecured Loans | 1,846,848 |
Other Loans | 10,647,585 |
TOTAL LOANS | 16,406,724 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,315 |
Land And Building | 245,486 |
Other Fixed Assets | 52,862 |
NCUSIF Deposit | 330,938 |
All Other Assets | 0 |
TOTAL ASSETS | 37,059,489 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 432,907 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,654,403 |
Regular shares | 21,725,336 |
All Other Shares & Deposits | 4,173,499 |
TOTAL SHARES & DEPOSITS | 34,553,238 |
TOTAL LIABILITIES | 34,986,145 |
Regular Reserve | 0 |
Other Reserves | -2,383,587 |
Undivided Earnings | 4,456,931 |
TOTAL EQUITY | 2,073,344 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,059,489 |
INCOME & EXPENSE | |
Loan Income | 902,829 |
Investment Income | 605,059 |
Other Income | 119,413 |
Total Employee Compensation & Benefits | 710,339 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 846,514 |
Non-operating Income & (Expense) | 43,105 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,000 |
Cost of Funds | 110,407 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 176,912 |
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