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TCT FEDERAL CREDIT UNION

Dec, 31, 2020 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $268.04 million in total assets. Opened 62 years ago in 1959, TCT FEDERAL CREDIT UNION has about 13,781 members and employs 68 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:13,781
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$268,037,865
CEO/Manager:Curt A Cecala
Chairperson:Peter Trombley

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Commercial Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,152,522
TOTAL INVESTMENTS 55,313,645
Loans Held for Sale 0
 
 Real Estate Loans 113,915,638
 Unsecured Loans 27,351,815
 Other Loans 49,816,909
 TOTAL LOANS 191,111,750
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,227,549
 Land And Building 4,270,249
 Other Fixed Assets 420,400
 NCUSIF Deposit 2,131,050
 All Other Assets 5,865,798
  TOTAL ASSETS 268,037,865
LIABILITIES & CAPITAL:  
 Dividends Payable 7,000
 Notes & Interest Payable 6,344,841
 Accounts Payable & Other Liabilities 2,022,770
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 38,991,869
 Regular shares 74,547,580
 All Other Shares & Deposits 124,921,808
  TOTAL SHARES & DEPOSITS 238,461,257
  TOTAL LIABILITIES 246,835,868
 Regular Reserve 1,776,546
 Other Reserves 1,169,138
 Undivided Earnings 18,256,313
  TOTAL EQUITY 21,201,997
  TOTAL LIABILITIES, SHARES, & EQUITY 268,037,865
INCOME & EXPENSE  
 Loan Income 8,226,282
 Investment Income 901,184
 Other Income 1,476,170
 Total Employee Compensation & Benefits 4,173,493
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,107,122
 Non-operating Income & (Expense) -18,831
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 497,050
 Cost of Funds 1,482,992
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,324,148
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