Credit Unions Near Me
National Credit Union Service Organization

TRANSIT FEDERAL CREDIT UNION

Dec, 31, 2020 — TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in VALLEY STREAM, NY with 1 branch location and about $16.21 million in total assets. Opened 47 years ago in 1974, TRANSIT FEDERAL CREDIT UNION has about 3,462 members and employs 6 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:3,462
Credit Union Type:Federal Credit Union
Charter Number:21831
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1974
Last Audited:Aug 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$16,214,423
CEO/Manager:BARBARA G BYRAM
Chairperson:ROBERT D'ULISSE

Call Report

  • Risk Based Loans
  • First Time Homebuyer Program
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,384,091
TOTAL INVESTMENTS 9,141,729
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,646,306
 Other Loans 138,720
 TOTAL LOANS 1,785,026
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -264,044
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 130,430
 All Other Assets 37,191
  TOTAL ASSETS 16,214,423
LIABILITIES & CAPITAL:  
 Dividends Payable 8,728
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,771
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,425,796
 All Other Shares & Deposits 4,029,305
  TOTAL SHARES & DEPOSITS 14,455,101
  TOTAL LIABILITIES 14,468,600
 Regular Reserve 1,546,358
 Other Reserves 0
 Undivided Earnings 199,465
  TOTAL EQUITY 1,745,823
  TOTAL LIABILITIES, SHARES, & EQUITY 16,214,423
INCOME & EXPENSE  
 Loan Income 245,132
 Investment Income 248,352
 Other Income 9,597
 Total Employee Compensation & Benefits 395,168
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,292
 Non-operating Income & (Expense) 64,285
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 48,048
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,858
↑ Back to Top

Other Credit Unions

FIRST FRONTIER FEDERAL CREDIT UNION
155 SHERMAN ST
LYNBROOK, NY 11563-2038
PAUL QUINN FEDERAL CREDIT UNION
10616 GUY R. BREWER BLVD
JAMAICA, NY 11433-2119
FAR ROCKAWAY POSTAL FEDERAL CREDIT UNION
P.O. Box 900001
FAR ROCKAWAY, NY 11690
VARICK MEMORIAL FEDERAL CREDIT UNION
Post Office Box 403
UNIONDALE, NY 11553-0403
MSBA EMPLOYEES FEDERAL CREDIT UNION
700 Commercial Ave
GARDEN CITY, NY 11530-6410
LONG BEACH TEACHERS FEDERAL CREDIT UNION
322 Lagoon Drive West
LONG BEACH, NY 11561
GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION
345 Lakeville Rd
GREAT NECK, NY 11020-1639
MEDISYS EMPLOYEES FEDERAL CREDIT UNION
8900 VAN WYCK EXPY
JAMAICA, NY 11418
QSIDE FEDERAL CREDIT UNION
21131 Jamaica Ave
QUEENS VILLAGE, NY 11428-1621