Dec, 31, 2023 — TRIANGLE FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, MS with 5 branch locations and about $108.79 million in total assets. Opened 65 years ago in 1959, TRIANGLE FEDERAL CREDIT UNION has about 11,978 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRIANGLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 160 Simler Blvd COLUMBUS, MS 39710-6802 |
| Phone: | (662) 434-6052 |
| Fax: | (662) 434-8406 |
| Website: | https://www.trianglefcu.com |
| Branches: | 5 branch locations |
| Members: | 11,978 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13334 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $108,793,723 |
| CEO/Manager: | John D Gibbons |
| Chairperson: | Debra Ragon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,425,737 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,042,848 |
| Unsecured Loans | 7,860,140 |
| Other Loans | 32,240,085 |
| TOTAL LOANS | 54,143,073 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -297,129 |
| Land And Building | 4,205,611 |
| Other Fixed Assets | 409,867 |
| NCUSIF Deposit | 1,022,984 |
| All Other Assets | 47,654 |
| TOTAL ASSETS | 108,793,723 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,935,582 |
| Accounts Payable & Other Liabilities | 469,724 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,061,282 |
| Regular shares | 70,210,766 |
| All Other Shares & Deposits | 7,809,863 |
| TOTAL SHARES & DEPOSITS | 98,081,911 |
| TOTAL LIABILITIES | 100,487,217 |
| Regular Reserve | 0 |
| Other Reserves | -996,559 |
| Undivided Earnings | 9,303,065 |
| TOTAL EQUITY | 8,306,506 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 108,793,723 |
| INCOME & EXPENSE | |
| Loan Income | 2,832,592 |
| Investment Income | 988,307 |
| Other Income | 2,319,099 |
| Total Employee Compensation & Benefits | 2,333,962 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,284,153 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 376,619 |
| Cost of Funds | 267,753 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 645,870 |
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