Dec, 31, 2023 — TUSKEGEE FEDERAL CREDIT UNION is a federal credit union headquartered in TUSKEGEE, AL with 1 branch location and about $12.89 million in total assets. Opened 86 years ago in 1938, TUSKEGEE FEDERAL CREDIT UNION has about 2,040 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TUSKEGEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 304 W Montgomery Rd TUSKEGEE, AL 36083-1520 |
Phone: | (334) 727-3180 |
Fax: | (334) 727-0066 |
Website: | https://www.tuskegeefcu.com |
Branches: | 1 branch locations |
Members: | 2,040 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2791 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,888,525 |
CEO/Manager: | Pamela Roberts |
Chairperson: | FRED D GRAY, JR. |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,029,244 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,428,171 |
Unsecured Loans | 597,092 |
Other Loans | 1,760,183 |
TOTAL LOANS | 5,785,446 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,258 |
Land And Building | 147,752 |
Other Fixed Assets | 25,626 |
NCUSIF Deposit | 109,924 |
All Other Assets | 0 |
TOTAL ASSETS | 12,888,525 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 79,641 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 240,000 |
Share Drafts | 2,365,954 |
Regular shares | 7,183,731 |
All Other Shares & Deposits | 2,540,107 |
TOTAL SHARES & DEPOSITS | 12,089,792 |
TOTAL LIABILITIES | 12,409,433 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 479,092 |
TOTAL EQUITY | 479,092 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,888,525 |
INCOME & EXPENSE | |
Loan Income | 362,055 |
Investment Income | 122,893 |
Other Income | 134,473 |
Total Employee Compensation & Benefits | 258,015 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 219,562 |
Non-operating Income & (Expense) | -15,341 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,983 |
Cost of Funds | 39,039 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 71,434 |
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» See also Statement of Financial Condition