Sep, 30, 2025 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $283.73 million in total assets. Opened 67 years ago in 1959, TCT FEDERAL CREDIT UNION has about 14,531 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TCT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 416 Rowland St BALLSTON SPA, NY 12020 |
| Phone: | (518) 884-7002 |
| Fax: | (518) 884-7094 |
| Website: | https://www.tctfcu.org |
| Branches: | 4 branch locations |
| Members: | 14,531 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12957 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $283,732,191 |
| CEO/Manager: | Curt A Cecala |
| Chairperson: | Peter Trombley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 563,254 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 127,170,886 |
| Unsecured Loans | 31,905,719 |
| Other Loans | 58,718,175 |
| TOTAL LOANS | 217,794,780 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -787,142 |
| Land And Building | 3,673,330 |
| Other Fixed Assets | 104,772 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,231,553 |
| All Other Assets | 0 |
| TOTAL ASSETS | 283,732,191 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 725,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 45,415,412 |
| Regular shares | 84,872,735 |
| All Other Shares & Deposits | 123,817,678 |
| TOTAL SHARES & DEPOSITS | 254,105,825 |
| TOTAL LIABILITIES | 260,831,116 |
| Regular Reserve | 0 |
| Other Reserves | -4,216,603 |
| Undivided Earnings | 27,117,678 |
| TOTAL EQUITY | 22,901,075 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 283,732,191 |
| INCOME & EXPENSE | |
| Loan Income | 9,048,044 |
| Investment Income | 899,341 |
| Other Income | 489,053 |
| Total Employee Compensation & Benefits | 4,208,764 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,343,008 |
| Non-operating Income & (Expense) | -540 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 414,700 |
| Cost of Funds | 2,861,421 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,145,391 |
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