Dec, 31, 2020 — TRIBORO POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in FLUSHING, NY with 2 branch locations and about $130.94 million in total assets. Opened 86 years ago in 1935, TRIBORO POSTAL FEDERAL CREDIT UNION has about 4,207 members and employs 10 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, P.O. BOX 520487 FLUSHING, NY 11352-0487 |
Phone: | (718) 961-7585 |
Fax: | (718) 359-0433 |
Website: | http://www.tpfcu.net |
Branches: | 2 branch locations |
Members: | 4,207 |
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, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $130,940,310 |
CEO/Manager: | Bernadette Summa |
Chairperson: | Janine Davidson |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,117,104 |
TOTAL INVESTMENTS | 109,189,535 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,192,242 |
Unsecured Loans | 4,081,242 |
Other Loans | 1,013,752 |
TOTAL LOANS | 10,287,236 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,070 |
Land And Building | 0 |
Other Fixed Assets | 931 |
NCUSIF Deposit | 987,740 |
All Other Assets | 3,405,834 |
TOTAL ASSETS | 130,940,310 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 34,335 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,609,399 |
Regular shares | 49,677,185 |
All Other Shares & Deposits | 55,168,441 |
TOTAL SHARES & DEPOSITS | 108,455,025 |
TOTAL LIABILITIES | 108,489,360 |
Regular Reserve | 1,500,000 |
Other Reserves | 2,049,259 |
Undivided Earnings | 18,901,691 |
TOTAL EQUITY | 22,450,950 |
TOTAL LIABILITIES, SHARES, & EQUITY | 130,940,310 |
INCOME & EXPENSE | |
Loan Income | 729,476 |
Investment Income | 2,008,411 |
Other Income | 128,643 |
Total Employee Compensation & Benefits | 774,714 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 603,457 |
Non-operating Income & (Expense) | -732 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,137 |
Cost of Funds | 1,453,769 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,721 |
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