Dec, 31, 2023 — TRIANGLE CREDIT UNION is a federally insured state chartered credit union headquartered in NASHUA, NH with 8 branch locations and about $865.37 million in total assets. Opened 85 years ago in 1939, TRIANGLE CREDIT UNION has about 58,278 members and employs 159 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRIANGLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 33 Franklin St NASHUA, NH 03064 |
| Phone: | (603) 889-2470 |
| Fax: | (603) 883-7120 |
| Website: | https://trianglecu.org |
| Branches: | 8 branch locations |
| Members: | 58,278 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68210 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $865,371,274 |
| CEO/Manager: | Arlan S MacKnight |
| Chairperson: | Margo Compagna |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,254,061 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 362,714,122 |
| Unsecured Loans | 22,498,550 |
| Other Loans | 227,466,967 |
| TOTAL LOANS | 618,122,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,354,273 |
| Land And Building | 6,247,647 |
| Other Fixed Assets | 4,039,328 |
| NCUSIF Deposit | 6,131,953 |
| All Other Assets | 37,695 |
| TOTAL ASSETS | 865,371,274 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 131,339,936 |
| Accounts Payable & Other Liabilities | 10,917,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 124,339,644 |
| Regular shares | 278,323,183 |
| All Other Shares & Deposits | 265,950,146 |
| TOTAL SHARES & DEPOSITS | 668,612,973 |
| TOTAL LIABILITIES | 810,908,879 |
| Regular Reserve | 0 |
| Other Reserves | -11,126,488 |
| Undivided Earnings | 65,588,883 |
| TOTAL EQUITY | 54,462,395 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 865,371,274 |
| INCOME & EXPENSE | |
| Loan Income | 27,242,649 |
| Investment Income | 2,914,416 |
| Other Income | 3,085,179 |
| Total Employee Compensation & Benefits | 13,313,927 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,806,957 |
| Non-operating Income & (Expense) | 2,488 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 409,934 |
| Cost of Funds | 12,572,118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,024,507 |
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