Sep, 30, 2025 — TCP CREDIT UNION is a federally insured state chartered credit union headquartered in RURAL HALL, NC with 2 branch locations and about $14.81 million in total assets. Opened 46 years ago in 1980, TCP CREDIT UNION has about 2,153 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TCP CREDIT UNION |
|---|---|
| Address: (Main Office) | 3051 Westinghouse Rd RURAL HALL, NC 27045-9570 |
| Phone: | (336) 969-6518 |
| Fax: | (336) 969-9483 |
| Website: | https://www.tcpcu.org |
| Branches: | 2 branch locations |
| Members: | 2,153 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65384 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,812,315 |
| CEO/Manager: | Barbara D Isaacs |
| Chairperson: | Keri B Shore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,688,311 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 416,592 |
| Unsecured Loans | 2,496,465 |
| Other Loans | 7,398,760 |
| TOTAL LOANS | 10,311,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -158,134 |
| Land And Building | 141,446 |
| Other Fixed Assets | 20,821 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 110,573 |
| All Other Assets | 9,592 |
| TOTAL ASSETS | 14,812,315 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,349 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,080 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 603,485 |
| Regular shares | 4,077,371 |
| All Other Shares & Deposits | 7,337,207 |
| TOTAL SHARES & DEPOSITS | 12,018,063 |
| TOTAL LIABILITIES | 12,121,492 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,690,823 |
| TOTAL EQUITY | 2,690,823 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,812,315 |
| INCOME & EXPENSE | |
| Loan Income | 674,485 |
| Investment Income | 121,193 |
| Other Income | 15,063 |
| Total Employee Compensation & Benefits | 264,191 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 274,962 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,150 |
| Cost of Funds | 196,117 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 57,834 |
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