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TRANSIT FEDERAL CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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