Dec, 31, 2021 — TRANSPORTATION FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 4 branch locations and about $288.66 million in total assets. Opened 83 years ago in 1939, TRANSPORTATION FEDERAL CREDIT UNION has about 20,801 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSPORTATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 Cameron St ALEXANDRIA, VA 22314 |
| Phone: | (202) 366-9400 |
| Fax: | (202) 385-6098 |
| Website: | http://www.transfcu.com |
| Branches: | 4 branch locations |
| Members: | 20,801 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3140 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $288,660,367 |
| CEO/Manager: | Mary Jane M Neusaenger |
| Chairperson: | Keith Washington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,822,053 |
| TOTAL INVESTMENTS | 23,503,060 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 136,749,194 |
| Unsecured Loans | 26,651,521 |
| Other Loans | 41,425,848 |
| TOTAL LOANS | 204,826,563 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,233,511 |
| Land And Building | 1,463,192 |
| Other Fixed Assets | 191,328 |
| NCUSIF Deposit | 2,439,023 |
| All Other Assets | 21,648,659 |
| TOTAL ASSETS | 288,660,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,078 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,604,894 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,271,493 |
| Regular shares | 89,580,582 |
| All Other Shares & Deposits | 113,217,401 |
| TOTAL SHARES & DEPOSITS | 262,069,476 |
| TOTAL LIABILITIES | 264,675,448 |
| Regular Reserve | 2,175,438 |
| Other Reserves | -2,855,842 |
| Undivided Earnings | 24,665,323 |
| TOTAL EQUITY | 23,984,919 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 288,660,367 |
| INCOME & EXPENSE | |
| Loan Income | 7,859,564 |
| Investment Income | 380,136 |
| Other Income | 823,606 |
| Total Employee Compensation & Benefits | 4,410,915 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,445,484 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 383,111 |
| Cost of Funds | 1,500,157 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 741,583 |
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