Dec, 31, 2023 — TUCSON FEDERAL CREDIT UNION is a federal credit union headquartered in TUCSON, AZ with 6 branch locations and about $705.28 million in total assets. Opened 87 years ago in 1937, TUCSON FEDERAL CREDIT UNION has about 53,399 members and employs 156 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TUCSON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1160 N WINSTEL BLVD TUCSON, AZ 85716-4023 |
| Phone: | (520) 795-8520 |
| Fax: | (520) 323-4438 |
| Website: | https://www.tucsonfcu.com |
| Branches: | 6 branch locations |
| Members: | 53,399 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2157 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $705,276,778 |
| CEO/Manager: | MATTHEW E GASPARI |
| Chairperson: | EDWARD SMITH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,340,002 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 225,077,162 |
| Unsecured Loans | 48,371,395 |
| Other Loans | 176,290,444 |
| TOTAL LOANS | 449,739,001 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,077,967 |
| Land And Building | 4,823,926 |
| Other Fixed Assets | 941,876 |
| NCUSIF Deposit | 5,986,597 |
| All Other Assets | 465,576 |
| TOTAL ASSETS | 705,276,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 171,798 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 7,391,091 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 143,258,353 |
| Regular shares | 301,962,969 |
| All Other Shares & Deposits | 173,914,442 |
| TOTAL SHARES & DEPOSITS | 619,135,763 |
| TOTAL LIABILITIES | 642,909,244 |
| Regular Reserve | 0 |
| Other Reserves | -19,034,081 |
| Undivided Earnings | 81,401,615 |
| TOTAL EQUITY | 62,367,534 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 705,276,778 |
| INCOME & EXPENSE | |
| Loan Income | 24,790,131 |
| Investment Income | 7,078,990 |
| Other Income | 5,255,487 |
| Total Employee Compensation & Benefits | 14,415,973 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,240,128 |
| Non-operating Income & (Expense) | 552,426 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,700,713 |
| Cost of Funds | 3,729,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,623,419 |
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