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TRANSIT WORKERS FEDERAL CREDIT UNION

Jun, 30, 2021 — TRANSIT WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 2 branch locations and about $21.54 million in total assets. Opened 54 years ago in 1967, TRANSIT WORKERS FEDERAL CREDIT UNION has about 4,472 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:4,472
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:$21,539,945
CEO/Manager:Patricia Obrien
Chairperson:Kenneth Mims

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,590,615
TOTAL INVESTMENTS 6,284,467
Loans Held for Sale 0
 
 Real Estate Loans 47,908
 Unsecured Loans 4,708,058
 Other Loans 2,616,995
 TOTAL LOANS 7,372,961
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -72,804
 Land And Building 5,956
 Other Fixed Assets 44,824
 NCUSIF Deposit 178,556
 All Other Assets 135,370
  TOTAL ASSETS 21,539,945
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,564
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,225,604
 Regular shares 16,062,877
 All Other Shares & Deposits 1,125,155
  TOTAL SHARES & DEPOSITS 18,413,636
  TOTAL LIABILITIES 18,433,200
 Regular Reserve 465,669
 Other Reserves 0
 Undivided Earnings 2,641,076
  TOTAL EQUITY 3,106,745
  TOTAL LIABILITIES, SHARES, & EQUITY 21,539,945
INCOME & EXPENSE  
 Loan Income 363,747
 Investment Income 39,497
 Other Income 204,187
 Total Employee Compensation & Benefits 278,299
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 338,830
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,057
 Cost of Funds 26,175
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -36,930
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