Dec, 31, 2023 — TAYCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH SHORE, KY with 1 branch location and about $2.28 million in total assets. Opened 69 years ago in 1955, TAYCO EMPLOYEES FEDERAL CREDIT UNION has about 399 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TAYCO EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 447 Nelroy Rd SOUTH SHORE, KY 41175 |
Phone: | (606) 932-4774 |
Fax: | (606) 932-4774 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 399 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10177 |
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Membership Type: | Manufacturing - Machinery |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,284,780 |
CEO/Manager: | Savannah J Bienvenu |
Chairperson: | Michael Salyers |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,354,178 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 122,222 |
Other Loans | 522,502 |
TOTAL LOANS | 644,724 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,291 |
Land And Building | 9,720 |
Other Fixed Assets | 3,323 |
NCUSIF Deposit | 16,529 |
All Other Assets | 0 |
TOTAL ASSETS | 2,284,780 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 847 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,299,124 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,299,124 |
TOTAL LIABILITIES | 1,299,971 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 984,809 |
TOTAL EQUITY | 984,809 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,284,780 |
INCOME & EXPENSE | |
Loan Income | 29,974 |
Investment Income | 58,896 |
Other Income | 1,490 |
Total Employee Compensation & Benefits | 18,063 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,594 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,364 |
Cost of Funds | 2,222 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 23,911 |
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