Jun, 30, 2024 — TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in VALLEY STREAM, NY with 1 branch location and about $16.58 million in total assets. Opened 51 years ago in 1974, TRANSIT FEDERAL CREDIT UNION has about 3,234 members and employs 4 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 20 N CENTRAL AVE FL 3 VALLEY STREAM, NY 11580 |
| Phone: | (718) 425-1312 |
| Fax: | (718) 845-4166 |
| Website: | https://www.atu1181.org |
| Branches: | 1 branch locations |
| Members: | 3,234 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21831 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,584,962 |
| CEO/Manager: | George M Robinson |
| Chairperson: | ROBERT D'ULISSE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 747,810 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,841,552 |
| Other Loans | 119,877 |
| TOTAL LOANS | 1,961,429 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,199 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 156,430 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,584,962 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,816 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,084 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 10,641,062 |
| All Other Shares & Deposits | 4,193,624 |
| TOTAL SHARES & DEPOSITS | 14,834,686 |
| TOTAL LIABILITIES | 14,857,586 |
| Regular Reserve | 0 |
| Other Reserves | 199,465 |
| Undivided Earnings | 1,527,911 |
| TOTAL EQUITY | 1,727,376 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,584,962 |
| INCOME & EXPENSE | |
| Loan Income | 166,108 |
| Investment Income | 103,445 |
| Other Income | 8,417 |
| Total Employee Compensation & Benefits | 216,402 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 98,009 |
| Non-operating Income & (Expense) | 43,691 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 25,674 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -18,424 |
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