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TCT FEDERAL CREDIT UNION

Sep, 30, 2021 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $279.81 million in total assets. Opened 62 years ago in 1959, TCT FEDERAL CREDIT UNION has about 14,066 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:14,066
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:$279,807,798
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 3,077,174
TOTAL INVESTMENTS 58,497,091
Loans Held for Sale 0
 
 Real Estate Loans 126,810,722
 Unsecured Loans 26,188,293
 Other Loans 53,668,525
 TOTAL LOANS 206,689,644
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,249,819
 Land And Building 4,175,999
 Other Fixed Assets 354,437
 NCUSIF Deposit 2,254,269
 All Other Assets 6,009,003
  TOTAL ASSETS 279,807,798
LIABILITIES & CAPITAL:  
 Dividends Payable 3,491
 Notes & Interest Payable 4,838,564
 Accounts Payable & Other Liabilities 1,780,530
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 41,994,992
 Regular shares 84,947,314
 All Other Shares & Deposits 123,643,995
  TOTAL SHARES & DEPOSITS 250,586,301
  TOTAL LIABILITIES 257,208,886
 Regular Reserve 1,776,546
 Other Reserves 432,943
 Undivided Earnings 20,389,423
  TOTAL EQUITY 22,598,912
  TOTAL LIABILITIES, SHARES, & EQUITY 279,807,798
INCOME & EXPENSE  
 Loan Income 6,108,328
 Investment Income 563,003
 Other Income 233,096
 Total Employee Compensation & Benefits 3,431,574
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,449,834
 Non-operating Income & (Expense) 868,206
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 115,000
 Cost of Funds 599,092
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,133,111
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