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TRANSIT WORKERS FEDERAL CREDIT UNION

Mar, 31, 2021 — TRANSIT WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 2 branch locations and about $21.44 million in total assets. Opened 54 years ago in 1967, TRANSIT WORKERS FEDERAL CREDIT UNION has about 4,516 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TRANSIT WORKERS FEDERAL CREDIT UNION
Address:
(Main Office)
919 E CAYUGA ST
PHILADELPHIA, PA 19124
Phone:(215) 743-2922
Fax:(215) 743-4574
Website:http://www.twfcu.org
Branches:2 branch locations
Members:4,516
Credit Union Type:Federal Credit Union
Charter Number:17885
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1967
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$21,442,232
CEO/Manager:Patricia Obrien
Chairperson:Kenneth Mims

Call Report

  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,884,064
TOTAL INVESTMENTS 6,283,707
Loans Held for Sale 0
 
 Real Estate Loans 51,365
 Unsecured Loans 4,434,842
 Other Loans 2,551,213
 TOTAL LOANS 7,037,420
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -106,089
 Land And Building 5,956
 Other Fixed Assets 44,614
 NCUSIF Deposit 155,960
 All Other Assets 136,600
  TOTAL ASSETS 21,442,232
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -256,252
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,491,928
 Regular shares 15,991,382
 All Other Shares & Deposits 1,072,183
  TOTAL SHARES & DEPOSITS 18,555,493
  TOTAL LIABILITIES 18,299,241
 Regular Reserve 465,669
 Other Reserves 0
 Undivided Earnings 2,677,322
  TOTAL EQUITY 3,142,991
  TOTAL LIABILITIES, SHARES, & EQUITY 21,442,232
INCOME & EXPENSE  
 Loan Income 189,830
 Investment Income 23,749
 Other Income 101,170
 Total Employee Compensation & Benefits 124,152
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 174,503
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 16,776
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -682
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