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TRANSIT FEDERAL CREDIT UNION

Sep, 30, 2021 — TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in VALLEY STREAM, NY with 1 branch location and about $16.53 million in total assets. Opened 48 years ago in 1974, TRANSIT FEDERAL CREDIT UNION has about 3,353 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
Address:
(Main Office)
20 N CENTRAL AVE FL 3
VALLEY STREAM, NY 11580
Phone:(718) 425-1312
Fax:(718) 845-4166
Website:http://www.atu1181.org
Branches:1 branch locations
Members:3,353
Credit Union Type:Federal Credit Union
Charter Number:21831
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1974
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$16,529,400
CEO/Manager:George M Robinson
Chairperson:ROBERT D'ULISSE

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,769
TOTAL INVESTMENTS 14,827,732
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,548,506
 Other Loans 164,178
 TOTAL LOANS 1,712,684
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -212,448
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 144,551
 All Other Assets 32,112
  TOTAL ASSETS 16,529,400
LIABILITIES & CAPITAL:  
 Dividends Payable 8,331
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,978
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,321,231
 All Other Shares & Deposits 4,437,922
  TOTAL SHARES & DEPOSITS 14,759,153
  TOTAL LIABILITIES 14,784,462
 Regular Reserve 199,464
 Other Reserves 0
 Undivided Earnings 1,545,474
  TOTAL EQUITY 1,744,938
  TOTAL LIABILITIES, SHARES, & EQUITY 16,529,400
INCOME & EXPENSE  
 Loan Income 49,996
 Investment Income 41,221
 Other Income 1,807
 Total Employee Compensation & Benefits 71,805
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 44,471
 Non-operating Income & (Expense) 12,470
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 9,445
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -20,227
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