Dec, 31, 2023 — TUCOEMAS FEDERAL CREDIT UNION is a federal credit union headquartered in VISALIA, CA with 6 branch locations and about $354.80 million in total assets. Opened 76 years ago in 1948, TUCOEMAS FEDERAL CREDIT UNION has about 29,303 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TUCOEMAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 5011 VISALIA, CA 93278 |
| Phone: | (559) 737-5900 |
| Fax: | (559) 737-5934 |
| Website: | https://tucoemas.org |
| Branches: | 6 branch locations |
| Members: | 29,303 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5718 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $354,800,738 |
| CEO/Manager: | Brice Yocum |
| Chairperson: | Jason LeFaive |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,191,725 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,702,702 |
| Unsecured Loans | 22,438,828 |
| Other Loans | 118,049,949 |
| TOTAL LOANS | 157,191,479 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,517,117 |
| Land And Building | 8,162,137 |
| Other Fixed Assets | 3,175,911 |
| NCUSIF Deposit | 2,785,996 |
| All Other Assets | 300,704 |
| TOTAL ASSETS | 354,800,738 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 52,000,000 |
| Accounts Payable & Other Liabilities | 6,677,025 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,907,458 |
| Regular shares | 168,642,736 |
| All Other Shares & Deposits | 48,929,623 |
| TOTAL SHARES & DEPOSITS | 276,479,817 |
| TOTAL LIABILITIES | 335,156,842 |
| Regular Reserve | 0 |
| Other Reserves | -11,082,754 |
| Undivided Earnings | 30,726,650 |
| TOTAL EQUITY | 19,643,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 354,800,738 |
| INCOME & EXPENSE | |
| Loan Income | 10,640,718 |
| Investment Income | 2,620,550 |
| Other Income | 1,886,794 |
| Total Employee Compensation & Benefits | 5,180,697 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,006,908 |
| Non-operating Income & (Expense) | 749,356 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,528,068 |
| Cost of Funds | 1,294,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -389,325 |
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