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TEG FEDERAL CREDIT UNION

Mar, 31, 2021 — TEG FEDERAL CREDIT UNION is a federal credit union headquartered in POUGHKEEPSIE, NY with 8 branch locations and about $375.05 million in total assets. Opened 52 years ago in 1969, TEG FEDERAL CREDIT UNION has about 38,957 members and employs 116 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: 221975956
Name:TEG FEDERAL CREDIT UNION
Address:
(Main Office)
1 COMMERCE STREET
POUGHKEEPSIE, NY 12603
Phone:(845) 452-7323
Fax:
Website:http://tegfcu.com
Branches:8 branch locations
Members:38,957
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$375,049,109
CEO/Manager:Ronald A Flaherty
Chairperson:Walter V Behrman

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 53,566,065
TOTAL INVESTMENTS 55,082,456
Loans Held for Sale 11,069,575
 
 Real Estate Loans 123,999,653
 Unsecured Loans 23,539,870
 Other Loans 92,555,284
 TOTAL LOANS 240,094,807
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,728,461
 Land And Building 6,430,004
 Other Fixed Assets 1,506,946
 NCUSIF Deposit 3,196,581
 All Other Assets 6,831,136
  TOTAL ASSETS 375,049,109
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,502,949
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 71,970,043
 Regular shares 130,220,768
 All Other Shares & Deposits 144,773,651
  TOTAL SHARES & DEPOSITS 346,964,462
  TOTAL LIABILITIES 352,467,411
 Regular Reserve 2,075,649
 Other Reserves -6,438,135
 Undivided Earnings 26,944,184
  TOTAL EQUITY 22,581,698
  TOTAL LIABILITIES, SHARES, & EQUITY 375,049,109
INCOME & EXPENSE  
 Loan Income 3,226,092
 Investment Income 190,910
 Other Income 535,178
 Total Employee Compensation & Benefits 2,517,421
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,755,434
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 367,528
 Cost of Funds 331,154
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,038,256
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