Mar, 31, 2021 — TRIBORO POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in FLUSHING, NY with 2 branch locations and about $129.96 million in total assets. Opened 86 years ago in 1935, TRIBORO POSTAL FEDERAL CREDIT UNION has about 4,172 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 |
|---|---|
| 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: | 4,172 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $129,955,950 |
| CEO/Manager: | Bernadette Summa |
| Chairperson: | Janine Davidson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,601,919 |
| TOTAL INVESTMENTS | 107,553,090 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,908,814 |
| Unsecured Loans | 3,500,815 |
| Other Loans | 911,382 |
| TOTAL LOANS | 11,321,011 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,675 |
| Land And Building | 0 |
| Other Fixed Assets | 372 |
| NCUSIF Deposit | 987,740 |
| All Other Assets | 3,557,493 |
| TOTAL ASSETS | 129,955,950 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,401 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,734,650 |
| Regular shares | 50,840,579 |
| All Other Shares & Deposits | 54,713,732 |
| TOTAL SHARES & DEPOSITS | 109,288,961 |
| TOTAL LIABILITIES | 109,345,362 |
| Regular Reserve | 1,500,000 |
| Other Reserves | 98,363 |
| Undivided Earnings | 19,012,225 |
| TOTAL EQUITY | 20,610,588 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 129,955,950 |
| INCOME & EXPENSE | |
| Loan Income | 166,780 |
| Investment Income | 422,690 |
| Other Income | 29,487 |
| Total Employee Compensation & Benefits | 182,436 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 144,013 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,978 |
| Cost of Funds | 289,086 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 110,535 |
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