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TCT FEDERAL CREDIT UNION

Sep, 30, 2022 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $296.73 million in total assets. Opened 64 years ago in 1959, TCT FEDERAL CREDIT UNION has about 14,239 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.


ABA Routing Number: 221374984
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:14,239
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$296,727,454
CEO/Manager:Curt A Cecala
Chairperson:Peter Trombley

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,088,528
TOTAL INVESTMENTS 0
Loans Held for Sale 186,434
 
 Real Estate Loans 135,120,471
 Unsecured Loans 28,921,629
 Other Loans 62,428,540
 TOTAL LOANS 226,485,517
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,104,489
 Land And Building 4,050,331
 Other Fixed Assets 293,376
 NCUSIF Deposit 2,405,665
 All Other Assets 0
  TOTAL ASSETS 296,727,454
LIABILITIES & CAPITAL:  
 Dividends Payable 38,296
 Notes & Interest Payable 20,514,075
 Accounts Payable & Other Liabilities 1,621,963
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 45,212,572
 Regular shares 91,966,519
 All Other Shares & Deposits 120,847,495
  TOTAL SHARES & DEPOSITS 258,026,586
  TOTAL LIABILITIES 280,200,920
 Regular Reserve 0
 Other Reserves -7,816,357
 Undivided Earnings 24,342,891
  TOTAL EQUITY 16,526,534
  TOTAL LIABILITIES, SHARES, & EQUITY 296,727,454
INCOME & EXPENSE  
 Loan Income 6,394,468
 Investment Income 825,394
 Other Income 454,694
 Total Employee Compensation & Benefits 3,708,703
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,929,239
 Non-operating Income & (Expense) 242,546
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 671,555
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,758,712
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