Dec, 31, 2022 — TRANSPORTATION FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 4 branch locations and about $284.36 million in total assets. Opened 84 years ago in 1939, TRANSPORTATION FEDERAL CREDIT UNION has about 21,122 members and employs 38 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: | https://www.transfcu.com |
| Branches: | 4 branch locations |
| Members: | 21,122 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $284,360,872 |
| CEO/Manager: | Mary Jane M Neusaenger |
| Chairperson: | Keith Washington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,042,766 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 147,925,392 |
| Unsecured Loans | 24,836,615 |
| Other Loans | 48,007,252 |
| TOTAL LOANS | 220,769,259 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,218,444 |
| Land And Building | 1,584,514 |
| Other Fixed Assets | 130,345 |
| NCUSIF Deposit | 2,444,216 |
| All Other Assets | 0 |
| TOTAL ASSETS | 284,360,872 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 739 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -703,218 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,348,688 |
| Regular shares | 90,739,361 |
| All Other Shares & Deposits | 111,851,185 |
| TOTAL SHARES & DEPOSITS | 259,939,234 |
| TOTAL LIABILITIES | 259,236,755 |
| Regular Reserve | 0 |
| Other Reserves | -680,404 |
| Undivided Earnings | 25,804,521 |
| TOTAL EQUITY | 25,124,117 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 284,360,872 |
| INCOME & EXPENSE | |
| Loan Income | 6,397,328 |
| Investment Income | 568,966 |
| Other Income | 494,652 |
| Total Employee Compensation & Benefits | 3,481,369 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,845,325 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,083 |
| Cost of Funds | 973,359 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,139,196 |
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