Jun, 30, 2024 — TWIN RIVERS FEDERAL CREDIT UNION is a federal credit union headquartered in MASSENA, NY with 1 branch location and about $35.49 million in total assets. Opened 55 years ago in 1970, TWIN RIVERS FEDERAL CREDIT UNION has about 2,795 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: | TWIN RIVERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 23 Phillips St MASSENA, NY 13662 |
| Phone: | (315) 764-0240 |
| Fax: | (315) 769-2219 |
| Website: | https://www.twinriversfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,795 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20290 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $35,485,244 |
| CEO/Manager: | Jane M Tyo |
| Chairperson: | R Shawn Gray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,228,924 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,937,202 |
| Unsecured Loans | 1,767,562 |
| Other Loans | 9,414,598 |
| TOTAL LOANS | 15,119,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -142,992 |
| Land And Building | 224,836 |
| Other Fixed Assets | 38,473 |
| NCUSIF Deposit | 322,372 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,485,244 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 355,627 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,899,585 |
| Regular shares | 22,531,119 |
| All Other Shares & Deposits | 2,257,006 |
| TOTAL SHARES & DEPOSITS | 33,687,710 |
| TOTAL LIABILITIES | 34,043,337 |
| Regular Reserve | 0 |
| Other Reserves | -2,831,663 |
| Undivided Earnings | 4,273,570 |
| TOTAL EQUITY | 1,441,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,485,244 |
| INCOME & EXPENSE | |
| Loan Income | 595,294 |
| Investment Income | 306,810 |
| Other Income | 95,428 |
| Total Employee Compensation & Benefits | 411,020 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 588,851 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,000 |
| Cost of Funds | 10,170 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 166,821 |
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