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TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION

Mar, 31, 2021 — TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION is a federal credit union headquartered in New York, NY with 1 branch location and about $6.96 million in total assets. Opened 86 years ago in 1935, TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION has about 1,688 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TRANSIT AUTHORITY DIVISION B FEDERAL CREDIT UNION
Address:
(Main Office)
3961 10th Avenue Room 230
New York, NY 10034
Phone:(212) 942-1448
Fax:(212) 544-8761
Website:http://www.divbfcu.com
Branches:1 branch locations
Members:1,688
Credit Union Type:Federal Credit Union
Charter Number:798
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1935
Last Audited:Aug 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,959,792
CEO/Manager:Robert Potter
Chairperson:Darrell Carter

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,010,012
TOTAL INVESTMENTS 3,363,821
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,157,011
 Other Loans 323,546
 TOTAL LOANS 1,480,557
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,948
 Land And Building 385
 Other Fixed Assets 26,596
 NCUSIF Deposit 55,131
 All Other Assets 43,238
  TOTAL ASSETS 6,959,792
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,347
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,220,579
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,220,579
  TOTAL LIABILITIES 6,239,926
 Regular Reserve 152,559
 Other Reserves 0
 Undivided Earnings 567,307
  TOTAL EQUITY 719,866
  TOTAL LIABILITIES, SHARES, & EQUITY 6,959,792
INCOME & EXPENSE  
 Loan Income 34,473
 Investment Income 10,671
 Other Income 3,675
 Total Employee Compensation & Benefits 31,648
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,724
 Non-operating Income & (Expense) 614
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 606
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,455
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