Jun, 30, 2024 — TCP CREDIT UNION is a federally insured state chartered credit union headquartered in RURAL HALL, NC with 2 branch locations and about $12.54 million in total assets. Opened 44 years ago in 1980, TCP CREDIT UNION has about 1,688 members and employs 5 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 |
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Address: (Main Office) | 3051 Westinghouse Rd RURAL HALL, NC 27045-9570 |
Phone: | (336) 969-6518 |
Fax: | (336) 969-9483 |
Website: | https://tcpcu.org |
Branches: | 2 branch locations |
Members: | 1,688 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65384 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,542,290 |
CEO/Manager: | Barbara D Isaacs |
Chairperson: | Keri B Shore |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,287,491 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 572,249 |
Unsecured Loans | 2,190,520 |
Other Loans | 5,982,044 |
TOTAL LOANS | 8,744,813 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,744 |
Land And Building | 113,814 |
Other Fixed Assets | 28,932 |
NCUSIF Deposit | 92,743 |
All Other Assets | 0 |
TOTAL ASSETS | 12,542,290 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,142 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,612 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 747,413 |
Regular shares | 4,983,618 |
All Other Shares & Deposits | 4,270,898 |
TOTAL SHARES & DEPOSITS | 10,001,929 |
TOTAL LIABILITIES | 10,018,683 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,523,607 |
TOTAL EQUITY | 2,523,607 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,542,290 |
INCOME & EXPENSE | |
Loan Income | 479,566 |
Investment Income | 26,377 |
Other Income | 8,196 |
Total Employee Compensation & Benefits | 193,555 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 206,448 |
Non-operating Income & (Expense) | 13,038 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -18,628 |
Cost of Funds | 30,625 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 165,017 |
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