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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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