Dec, 31, 2023 — TRI COUNTY AREA FEDERAL CREDIT UNION is a federal credit union headquartered in POTTSTOWN, PA with 4 branch locations and about $183.85 million in total assets. Opened 75 years ago in 1949, TRI COUNTY AREA FEDERAL CREDIT UNION has about 12,730 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: | TRI COUNTY AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1550 Medical Dr POTTSTOWN, PA 19464-3225 |
| Phone: | (610) 326-3705 |
| Fax: | (610) 327-4263 |
| Website: | https://www.tcafcu.org |
| Branches: | 4 branch locations |
| Members: | 12,730 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6269 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $183,850,824 |
| CEO/Manager: | Andrew C Pistoria |
| Chairperson: | Kathy Smale |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,002,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,269,359 |
| Unsecured Loans | 16,068,697 |
| Other Loans | 30,992,063 |
| TOTAL LOANS | 106,356,302 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -929,236 |
| Land And Building | 2,406,344 |
| Other Fixed Assets | 408,468 |
| NCUSIF Deposit | 1,725,050 |
| All Other Assets | 0 |
| TOTAL ASSETS | 183,850,824 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,727,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 41,803,094 |
| Regular shares | 65,235,924 |
| All Other Shares & Deposits | 60,132,411 |
| TOTAL SHARES & DEPOSITS | 167,171,428 |
| TOTAL LIABILITIES | 168,898,505 |
| Regular Reserve | 0 |
| Other Reserves | -2,487,594 |
| Undivided Earnings | 17,439,913 |
| TOTAL EQUITY | 14,952,319 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 183,850,824 |
| INCOME & EXPENSE | |
| Loan Income | 5,860,677 |
| Investment Income | 2,183,930 |
| Other Income | 1,232,076 |
| Total Employee Compensation & Benefits | 3,305,557 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,942,116 |
| Non-operating Income & (Expense) | 1,379,438 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 947,213 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,461,235 |
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» See also Statement of Financial Condition