Dec, 31, 2023 — TRIBORO POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in FLUSHING, NY with 1 branch location and about $100.46 million in total assets. Opened 89 years ago in 1935, TRIBORO POSTAL FEDERAL CREDIT UNION has about 3,985 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: | TRIBORO POSTAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 14202 20th Ave FLUSHING, NY 11351-3000 |
Phone: | (718) 961-7585 |
Fax: | (718) 359-0433 |
Website: | https://www.tpfcu.net |
Branches: | 1 branch locations |
Members: | 3,985 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 119 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $100,464,046 |
CEO/Manager: | Bernadette Summa |
Chairperson: | Janine Davidson |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,063,479 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,130,959 |
Unsecured Loans | 2,773,562 |
Other Loans | 991,413 |
TOTAL LOANS | 13,895,934 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,724 |
Land And Building | 0 |
Other Fixed Assets | 8,878 |
NCUSIF Deposit | 828,698 |
All Other Assets | 0 |
TOTAL ASSETS | 100,464,046 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 280,573 |
Notes & Interest Payable | 3,000,000 |
Accounts Payable & Other Liabilities | 64,267 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,216,527 |
Regular shares | 35,678,120 |
All Other Shares & Deposits | 47,909,952 |
TOTAL SHARES & DEPOSITS | 87,804,599 |
TOTAL LIABILITIES | 91,149,439 |
Regular Reserve | 0 |
Other Reserves | -8,041,921 |
Undivided Earnings | 17,356,528 |
TOTAL EQUITY | 9,314,607 |
TOTAL LIABILITIES, SHARES, & EQUITY | 100,464,046 |
INCOME & EXPENSE | |
Loan Income | 642,132 |
Investment Income | 1,755,729 |
Other Income | 117,260 |
Total Employee Compensation & Benefits | 766,985 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 699,923 |
Non-operating Income & (Expense) | 539,856 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,375 |
Cost of Funds | 1,994,324 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,969,416 |
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