Sep, 30, 2025 — TRI-LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in SARANAC LAKE, NY with 2 branch locations and about $26.64 million in total assets. Opened 48 years ago in 1978, TRI-LAKES FEDERAL CREDIT UNION has about 2,150 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRI-LAKES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 197 Broadway SARANAC LAKE, NY 12983 |
| Phone: | (518) 891-1666 |
| Fax: | (518) 891-1797 |
| Website: | https://www.trilakesfcu.com |
| Branches: | 2 branch locations |
| Members: | 2,150 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23198 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,644,304 |
| CEO/Manager: | Heather L DeForest |
| Chairperson: | Peter Sayles |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,123,559 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,711,269 |
| Unsecured Loans | 1,190,694 |
| Other Loans | 9,068,810 |
| TOTAL LOANS | 11,970,773 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,991 |
| Land And Building | 580,286 |
| Other Fixed Assets | 35,887 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 226,175 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,644,304 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 345,062 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,729,425 |
| Regular shares | 15,558,524 |
| All Other Shares & Deposits | 2,481,756 |
| TOTAL SHARES & DEPOSITS | 22,769,705 |
| TOTAL LIABILITIES | 23,114,767 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,529,537 |
| TOTAL EQUITY | 3,529,537 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,644,304 |
| INCOME & EXPENSE | |
| Loan Income | 631,211 |
| Investment Income | 339,927 |
| Other Income | 180,094 |
| Total Employee Compensation & Benefits | 286,481 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 399,055 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,289 |
| Cost of Funds | 74,562 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 387,932 |
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