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TAYCO EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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