Sep, 30, 2025 — TRANSIT OPERATIONS FEDERAL CREDIT UNION is a federal credit union headquartered in MINNEAPOLIS, MN with 2 branch locations and about $3.94 million in total assets. Opened 90 years ago in 1936, TRANSIT OPERATIONS FEDERAL CREDIT UNION has about 638 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSIT OPERATIONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 725 N 7TH ST MINNEAPOLIS, MN 55411 |
| Phone: | (612) 338-9985 |
| Fax: | |
| Website: | https://www.tofcu.org |
| Branches: | 2 branch locations |
| Members: | 638 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24539 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,937,845 |
| CEO/Manager: | JoAnn M Schultz |
| Chairperson: | Traci Williamson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 879,693 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 186,768 |
| Other Loans | 1,190,879 |
| TOTAL LOANS | 1,377,647 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,000 |
| Land And Building | 0 |
| Other Fixed Assets | 944 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 31,547 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,937,845 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,884 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 776 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 555,882 |
| Regular shares | 2,286,917 |
| All Other Shares & Deposits | 372,204 |
| TOTAL SHARES & DEPOSITS | 3,215,003 |
| TOTAL LIABILITIES | 3,219,663 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 718,182 |
| TOTAL EQUITY | 718,182 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,937,845 |
| INCOME & EXPENSE | |
| Loan Income | 92,244 |
| Investment Income | 52,597 |
| Other Income | 15,557 |
| Total Employee Compensation & Benefits | 70,361 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 77,222 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,389 |
| Cost of Funds | 9,896 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,222 |
| ↑ Back to Top | |