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.
| 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 |
| 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 |
| ↑ Back to Top | |