Dec, 31, 2023 — TROY FEDERAL CREDIT UNION is a federal credit union headquartered in TROY, NY with 1 branch location and about $3.21 million in total assets. Opened 61 years ago in 1963, TROY FEDERAL CREDIT UNION has about 523 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TROY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2175 6TH AVE TROY, NY 12180 |
| Phone: | (518) 272-1688 |
| Fax: | (518) 272-9387 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 523 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15928 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,205,115 |
| CEO/Manager: | KEVIN J GORDON |
| Chairperson: | CHARLES WILLSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 384,066 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 705,174 |
| Other Loans | 1,503,324 |
| TOTAL LOANS | 2,208,498 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,548 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 25,847 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,205,115 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,165 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,636,972 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,636,972 |
| TOTAL LIABILITIES | 2,641,137 |
| Regular Reserve | 0 |
| Other Reserves | 43,062 |
| Undivided Earnings | 520,916 |
| TOTAL EQUITY | 563,978 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,205,115 |
| INCOME & EXPENSE | |
| Loan Income | 126,382 |
| Investment Income | 14,537 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 65,329 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,023 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,700 |
| Cost of Funds | 41,278 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,589 |
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