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TAYCO EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — TAYCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in South Shore, KY with 1 branch location and about $2.61 million in total assets. Opened 66 years ago in 1955, TAYCO EMPLOYEES FEDERAL CREDIT UNION has about 398 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
Address:
(Main Office)
P.O. Box 762
South Shore, KY 41175
Phone:(606) 932-4774
Fax:(606) 932-4774
Website:n/a
Branches:1 branch locations
Members:398
Credit Union Type:Federal Credit Union
Charter Number:10177
Membership Type:Manufacturing - Machinery
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,605,891
CEO/Manager:Savannah J Bienvenu
Chairperson:Michael Salyers

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 655,735
TOTAL INVESTMENTS 1,373,597
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 102,805
 Other Loans 445,373
 TOTAL LOANS 548,178
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,268
 Land And Building 9,720
 Other Fixed Assets 5,152
 NCUSIF Deposit 18,282
 All Other Assets 5,495
  TOTAL ASSETS 2,605,891
LIABILITIES & CAPITAL:  
 Dividends Payable 1
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,480
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,633,546
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,633,546
  TOTAL LIABILITIES 1,638,027
 Regular Reserve 90,970
 Other Reserves -27
 Undivided Earnings 876,921
  TOTAL EQUITY 967,864
  TOTAL LIABILITIES, SHARES, & EQUITY 2,605,891
INCOME & EXPENSE  
 Loan Income 26,316
 Investment Income 7,618
 Other Income 1,897
 Total Employee Compensation & Benefits 18,540
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,486
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,488
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,683
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