Dec, 31, 2023 — TRAVERSE CATHOLIC FEDERAL CREDIT UNION is a federal credit union headquartered in TRAVERSE CITY, MI with 3 branch locations and about $88.06 million in total assets. Opened 74 years ago in 1950, TRAVERSE CATHOLIC FEDERAL CREDIT UNION has about 7,287 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TRAVERSE CATHOLIC FEDERAL CREDIT UNION |
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Address: (Main Office) | 3797 Veterans Dr TRAVERSE CITY, MI 49684-4516 |
Phone: | (231) 946-6655 |
Fax: | (231) 946-1346 |
Website: | https://www.tcfedcu.org |
Branches: | 3 branch locations |
Members: | 7,287 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6844 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $88,063,474 |
CEO/Manager: | Patty M McManus |
Chairperson: | Jody A Bergman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,658,045 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,948,084 |
Unsecured Loans | 6,575,904 |
Other Loans | 26,769,381 |
TOTAL LOANS | 50,200,391 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -255,082 |
Land And Building | 58,357 |
Other Fixed Assets | 237,214 |
NCUSIF Deposit | 802,884 |
All Other Assets | 0 |
TOTAL ASSETS | 88,063,474 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 33,034 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 127,985 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,469,313 |
Regular shares | 33,189,957 |
All Other Shares & Deposits | 32,318,227 |
TOTAL SHARES & DEPOSITS | 82,977,500 |
TOTAL LIABILITIES | 83,138,519 |
Regular Reserve | 0 |
Other Reserves | -2,581,594 |
Undivided Earnings | 7,506,549 |
TOTAL EQUITY | 4,924,955 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,063,474 |
INCOME & EXPENSE | |
Loan Income | 2,681,798 |
Investment Income | 346,070 |
Other Income | 304,522 |
Total Employee Compensation & Benefits | 1,248,212 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,322,014 |
Non-operating Income & (Expense) | 21,764 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 170,578 |
Cost of Funds | 484,295 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 649,981 |
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