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TONGASS FEDERAL CREDIT UNION

Dec, 31, 2020 — TONGASS FEDERAL CREDIT UNION is a federal credit union headquartered in KETCHIKAN, AK with 9 branch locations and about $110.82 million in total assets. Opened 58 years ago in 1963, TONGASS FEDERAL CREDIT UNION has about 8,063 members and employs 49 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:http://www.tongassfcu.com
Branches:9 branch locations
Members:8,063
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$110,817,205
CEO/Manager:Helen L Mickel
Chairperson:Justin W Breese

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,408,641
TOTAL INVESTMENTS 23,248,099
Loans Held for Sale 1,609,400
 
 Real Estate Loans 32,204,547
 Unsecured Loans 2,699,783
 Other Loans 32,457,449
 TOTAL LOANS 67,361,779
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -128,971
 Land And Building 3,716,544
 Other Fixed Assets 196,462
 NCUSIF Deposit 875,632
 All Other Assets 529,619
  TOTAL ASSETS 110,817,205
LIABILITIES & CAPITAL:  
 Dividends Payable 268
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 441,194
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,971,749
 Regular shares 48,947,893
 All Other Shares & Deposits 24,926,501
  TOTAL SHARES & DEPOSITS 101,846,143
  TOTAL LIABILITIES 102,287,605
 Regular Reserve 920,866
 Other Reserves 109,890
 Undivided Earnings 7,498,844
  TOTAL EQUITY 8,529,600
  TOTAL LIABILITIES, SHARES, & EQUITY 110,817,205
INCOME & EXPENSE  
 Loan Income 3,427,063
 Investment Income 301,894
 Other Income 1,861,580
 Total Employee Compensation & Benefits 2,548,831
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,756,765
 Non-operating Income & (Expense) -1,139
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 133,841
 Cost of Funds 386,042
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 763,919
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