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.
Name: | TCT FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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