Mar, 31, 2021 — TCT FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 4 branch locations and about $276.14 million in total assets. Opened 62 years ago in 1959, TCT FEDERAL CREDIT UNION has about 13,876 members and employs 70 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: | 13,876 |
| 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: | $276,136,264 |
| CEO/Manager: | Curt A Cecala |
| Chairperson: | Peter Trombley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,395,771 |
| TOTAL INVESTMENTS | 55,865,047 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 113,549,268 |
| Unsecured Loans | 26,266,014 |
| Other Loans | 49,463,549 |
| TOTAL LOANS | 189,304,277 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,252,666 |
| Land And Building | 4,238,832 |
| Other Fixed Assets | 394,333 |
| NCUSIF Deposit | 2,131,050 |
| All Other Assets | 6,059,620 |
| TOTAL ASSETS | 276,136,264 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,676 |
| Notes & Interest Payable | 5,263,257 |
| Accounts Payable & Other Liabilities | 2,075,508 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 41,816,748 |
| Regular shares | 82,180,791 |
| All Other Shares & Deposits | 123,564,293 |
| TOTAL SHARES & DEPOSITS | 247,561,832 |
| TOTAL LIABILITIES | 254,906,273 |
| Regular Reserve | 1,776,546 |
| Other Reserves | 624,064 |
| Undivided Earnings | 18,829,381 |
| TOTAL EQUITY | 21,229,991 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 276,136,264 |
| INCOME & EXPENSE | |
| Loan Income | 2,006,330 |
| Investment Income | 169,463 |
| Other Income | 65,754 |
| Total Employee Compensation & Benefits | 1,124,554 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 809,749 |
| Non-operating Income & (Expense) | 235,954 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 210,597 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 573,069 |
| ↑ Back to Top | |