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TRANSIT EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — TRANSIT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Greenbelt, MD with 2 branch locations and about $107.11 million in total assets. Opened 81 years ago in 1940, TRANSIT EMPLOYEES FEDERAL CREDIT UNION has about 12,708 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254075386
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:http://www.tefcu.org
Branches:2 branch locations
Members:12,708
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$107,108,441
CEO/Manager:Rita Smith
Chairperson:Alvin Richardson

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • In-School Branches
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,719,387
TOTAL INVESTMENTS 16,562,171
Loans Held for Sale 0
 
 Real Estate Loans 24,816,387
 Unsecured Loans 15,894,018
 Other Loans 7,061,604
 TOTAL LOANS 47,772,009
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -210,173
 Land And Building 0
 Other Fixed Assets 1,342,017
 NCUSIF Deposit 782,626
 All Other Assets 2,140,404
  TOTAL ASSETS 107,108,441
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 722,126
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,931,482
 Regular shares 40,020,382
 All Other Shares & Deposits 36,139,093
  TOTAL SHARES & DEPOSITS 86,090,957
  TOTAL LIABILITIES 86,813,083
 Regular Reserve 380,077
 Other Reserves 9,093,048
 Undivided Earnings 10,822,233
  TOTAL EQUITY 20,295,358
  TOTAL LIABILITIES, SHARES, & EQUITY 107,108,441
INCOME & EXPENSE  
 Loan Income 609,118
 Investment Income 101,053
 Other Income 535,253
 Total Employee Compensation & Benefits 605,660
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 831,580
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -694
 Cost of Funds 144,174
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -335,268
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