Sep, 30, 2025 — TONGASS FEDERAL CREDIT UNION is a federal credit union headquartered in KETCHIKAN, AK with 13 branch locations and about $249.61 million in total assets. Opened 63 years ago in 1963, TONGASS FEDERAL CREDIT UNION has about 14,295 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TONGASS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 Tongass Ave KETCHIKAN, AK 99901-6046 |
| Phone: | (907) 225-9063 |
| Fax: | (907) 225-9002 |
| Website: | https://www.tongassfcu.com |
| Branches: | 13 branch locations |
| Members: | 14,295 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15523 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $249,605,896 |
| CEO/Manager: | Helen L Mickel |
| Chairperson: | Scott D Edwards |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,258,696 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 210,151 |
| Real Estate Loans | 71,645,003 |
| Unsecured Loans | 4,802,570 |
| Other Loans | 80,187,356 |
| TOTAL LOANS | 161,138,664 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -556,766 |
| Land And Building | 6,681,791 |
| Other Fixed Assets | 1,316,779 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,850,924 |
| All Other Assets | 40,000 |
| TOTAL ASSETS | 249,605,896 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,062 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 2,202,493 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
| Share Drafts | 64,887,120 |
| Regular shares | 82,756,540 |
| All Other Shares & Deposits | 64,914,833 |
| TOTAL SHARES & DEPOSITS | 212,558,491 |
| TOTAL LIABILITIES | 229,769,046 |
| Regular Reserve | 0 |
| Other Reserves | 7,110,593 |
| Undivided Earnings | 12,726,257 |
| TOTAL EQUITY | 19,836,850 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 249,605,896 |
| INCOME & EXPENSE | |
| Loan Income | 7,900,946 |
| Investment Income | 1,477,191 |
| Other Income | 943,251 |
| Total Employee Compensation & Benefits | 5,398,314 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,398,720 |
| Non-operating Income & (Expense) | 67,958 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 222,098 |
| Cost of Funds | 1,743,135 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 589,151 |
| ↑ Back to Top | |