Dec, 31, 2023 — TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in VALLEY STREAM, NY with 1 branch location and about $17.02 million in total assets. Opened 50 years ago in 1974, TRANSIT FEDERAL CREDIT UNION has about 3,112 members and employs 5 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 |
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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: | 3,112 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21831 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,023,568 |
CEO/Manager: | George M Robinson |
Chairperson: | ROBERT D'ULISSE |
ASSETS: | $ Amount |
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Cash & Equivalents | 921,152 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,069,019 |
Other Loans | 201,902 |
TOTAL LOANS | 2,270,921 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,071 |
Land And Building | 0 |
Other Fixed Assets | 27,121 |
NCUSIF Deposit | 152,112 |
All Other Assets | 0 |
TOTAL ASSETS | 17,023,568 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,410 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,279 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 11,363,675 |
All Other Shares & Deposits | 3,853,513 |
TOTAL SHARES & DEPOSITS | 15,217,189 |
TOTAL LIABILITIES | 15,241,878 |
Regular Reserve | 0 |
Other Reserves | 199,464 |
Undivided Earnings | 1,582,226 |
TOTAL EQUITY | 1,781,690 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,023,568 |
INCOME & EXPENSE | |
Loan Income | 266,089 |
Investment Income | 260,564 |
Other Income | 14,600 |
Total Employee Compensation & Benefits | 330,653 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 139,732 |
Non-operating Income & (Expense) | 73,376 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,417 |
Cost of Funds | 53,217 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,610 |
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