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TONGASS FEDERAL CREDIT UNION

Jun, 30, 2023 — TONGASS FEDERAL CREDIT UNION is a federal credit union headquartered in KETCHIKAN, AK with 10 branch locations and about $164.52 million in total assets. Opened 61 years ago in 1963, TONGASS FEDERAL CREDIT UNION has about 8,975 members and employs 57 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: 325272306
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:10 branch locations
Members:8,975
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:Mar 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$164,522,241
CEO/Manager:Helen L Mickel
Chairperson:Scott D Edwards

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,699,720
TOTAL INVESTMENTS 0
Loans Held for Sale 2,060,597
 
 Real Estate Loans 32,933,949
 Unsecured Loans 3,076,916
 Other Loans 50,637,420
 TOTAL LOANS 92,476,874
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -160,211
 Land And Building 3,598,780
 Other Fixed Assets 304,633
 NCUSIF Deposit 1,232,057
 All Other Assets 0
  TOTAL ASSETS 164,522,241
LIABILITIES & CAPITAL:  
 Dividends Payable 595
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,042,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 10,000,000
 Share Drafts 48,117,601
 Regular shares 68,493,503
 All Other Shares & Deposits 29,351,547
  TOTAL SHARES & DEPOSITS 145,962,651
  TOTAL LIABILITIES 157,005,513
 Regular Reserve 0
 Other Reserves -2,073,079
 Undivided Earnings 9,589,807
  TOTAL EQUITY 7,516,728
  TOTAL LIABILITIES, SHARES, & EQUITY 164,522,241
INCOME & EXPENSE  
 Loan Income 3,173,758
 Investment Income 418,481
 Other Income 820,618
 Total Employee Compensation & Benefits 2,282,020
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,913,617
 Non-operating Income & (Expense) 22,295
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 68,336
 Cost of Funds 217,718
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 567,005
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