Jun, 30, 2024 — TOMPKINS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ITHACA, NY with 1 branch location and about $11.69 million in total assets. Opened 47 years ago in 1978, TOMPKINS EMPLOYEES FEDERAL CREDIT UNION has about 1,024 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: | TOMPKINS EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 Taughannock Blvd Ste 1B ITHACA, NY 14850-3345 |
| Phone: | (607) 272-8567 |
| Fax: | (607) 273-0941 |
| Website: | https://www.tefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,024 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22962 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,687,204 |
| CEO/Manager: | Kimberly L Payne |
| Chairperson: | David Barrett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,824,683 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,326,507 |
| Other Loans | 4,051,123 |
| TOTAL LOANS | 5,377,630 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,358 |
| Land And Building | 20,729 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 95,226 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,687,204 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,000 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,952,015 |
| Regular shares | 7,435,285 |
| All Other Shares & Deposits | 1,113,336 |
| TOTAL SHARES & DEPOSITS | 10,500,636 |
| TOTAL LIABILITIES | 10,529,717 |
| Regular Reserve | 0 |
| Other Reserves | 108,655 |
| Undivided Earnings | 1,048,832 |
| TOTAL EQUITY | 1,157,487 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,687,204 |
| INCOME & EXPENSE | |
| Loan Income | 320,615 |
| Investment Income | 18,593 |
| Other Income | 63,715 |
| Total Employee Compensation & Benefits | 214,148 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 171,579 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,816 |
| Cost of Funds | 16,472 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,271 |
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