Sep, 30, 2025 — TRANSIT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GREENBELT, MD with 1 branch location and about $95.33 million in total assets. Opened 86 years ago in 1940, TRANSIT EMPLOYEES FEDERAL CREDIT UNION has about 10,741 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSIT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6404 Ivy Ln Ste 510 GREENBELT, MD 20770-1426 |
| Phone: | (301) 289-9800 |
| Fax: | (301) 576-7392 |
| Website: | https://www.tefcu.org |
| Branches: | 1 branch locations |
| Members: | 10,741 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3764 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $95,326,741 |
| CEO/Manager: | Rita Smith |
| Chairperson: | Alvin Richardson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,521,968 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,232,476 |
| Unsecured Loans | 9,269,578 |
| Other Loans | 6,463,205 |
| TOTAL LOANS | 41,353,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -273,957 |
| Land And Building | 0 |
| Other Fixed Assets | 281,243 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 793,532 |
| All Other Assets | 0 |
| TOTAL ASSETS | 95,326,741 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,884 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,963,199 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,362,847 |
| Regular shares | 37,028,436 |
| All Other Shares & Deposits | 29,698,940 |
| TOTAL SHARES & DEPOSITS | 78,090,223 |
| TOTAL LIABILITIES | 80,056,306 |
| Regular Reserve | 0 |
| Other Reserves | 6,116,049 |
| Undivided Earnings | 9,154,386 |
| TOTAL EQUITY | 15,270,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 95,326,741 |
| INCOME & EXPENSE | |
| Loan Income | 1,834,044 |
| Investment Income | 1,138,398 |
| Other Income | 1,637,118 |
| Total Employee Compensation & Benefits | 1,407,238 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,361,908 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,243 |
| Cost of Funds | 603,404 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 166,468 |
| ↑ Back to Top | |