Sep, 30, 2025 — TEG FEDERAL CREDIT UNION is a federal credit union headquartered in POUGHKEEPSIE, NY with 9 branch locations and about $480.07 million in total assets. Opened 57 years ago in 1969, TEG FEDERAL CREDIT UNION has about 35,572 members and employs 124 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEG FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Commerce St POUGHKEEPSIE, NY 12603 |
| Phone: | (845) 452-7323 |
| Fax: | |
| Website: | https://www.tegfcu.com/ |
| Branches: | 9 branch locations |
| Members: | 35,572 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19401 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $480,074,420 |
| CEO/Manager: | Ronald A Flaherty |
| Chairperson: | Walter V Behrman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,048,892 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 309,350 |
| Real Estate Loans | 219,064,041 |
| Unsecured Loans | 28,964,539 |
| Other Loans | 122,056,324 |
| TOTAL LOANS | 370,084,904 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,297,026 |
| Land And Building | 7,044,366 |
| Other Fixed Assets | 1,326,043 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,953,773 |
| All Other Assets | 17,664 |
| TOTAL ASSETS | 480,074,420 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 10,656,132 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 79,245,225 |
| Regular shares | 129,922,962 |
| All Other Shares & Deposits | 209,938,457 |
| TOTAL SHARES & DEPOSITS | 419,106,643 |
| TOTAL LIABILITIES | 439,762,775 |
| Regular Reserve | 0 |
| Other Reserves | -1,755,752 |
| Undivided Earnings | 42,067,397 |
| TOTAL EQUITY | 40,311,645 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 480,074,420 |
| INCOME & EXPENSE | |
| Loan Income | 17,525,690 |
| Investment Income | 1,909,250 |
| Other Income | 1,787,078 |
| Total Employee Compensation & Benefits | 8,813,417 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,803,849 |
| Non-operating Income & (Expense) | 348,211 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 559,742 |
| Cost of Funds | 5,018,434 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,617,863 |
| ↑ Back to Top | |