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TCT FEDERAL CREDIT UNION

Dec, 31, 2021 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $284.74 million in total assets. Opened 63 years ago in 1959, TCT FEDERAL CREDIT UNION has about 14,063 members and employs 71 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:14,063
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$284,739,437
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 565,250
TOTAL INVESTMENTS 63,303,397
Loans Held for Sale 0
 
 Real Estate Loans 128,593,595
 Unsecured Loans 26,639,700
 Other Loans 53,924,684
 TOTAL LOANS 209,178,069
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,246,710
 Land And Building 4,144,582
 Other Fixed Assets 327,624
 NCUSIF Deposit 2,407,067
 All Other Assets 6,060,158
  TOTAL ASSETS 284,739,437
LIABILITIES & CAPITAL:  
 Dividends Payable 2,629
 Notes & Interest Payable 5,095,421
 Accounts Payable & Other Liabilities 1,726,880
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 42,166,863
 Regular shares 87,059,854
 All Other Shares & Deposits 126,262,294
  TOTAL SHARES & DEPOSITS 255,489,011
  TOTAL LIABILITIES 262,313,941
 Regular Reserve 1,776,546
 Other Reserves -158,651
 Undivided Earnings 20,807,601
  TOTAL EQUITY 22,425,496
  TOTAL LIABILITIES, SHARES, & EQUITY 284,739,437
INCOME & EXPENSE  
 Loan Income 8,190,895
 Investment Income 792,006
 Other Income 394,660
 Total Employee Compensation & Benefits 4,670,993
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,354,947
 Non-operating Income & (Expense) 867,140
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 149,000
 Cost of Funds 786,461
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,551,287
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