Dec, 31, 2023 — TRAILNORTH FEDERAL CREDIT UNION is a federal credit union headquartered in TICONDEROGA, NY with 3 branch locations and about $161.35 million in total assets. Opened 70 years ago in 1954, TRAILNORTH FEDERAL CREDIT UNION has about 10,836 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TRAILNORTH FEDERAL CREDIT UNION |
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Address: (Main Office) | 1172 NYS Route 9N TICONDEROGA, NY 12883-3106 |
Phone: | (518) 585-6725 |
Fax: | (518) 503-3069 |
Website: | https://www.trailnorth.com |
Branches: | 3 branch locations |
Members: | 10,836 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9219 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $161,349,663 |
CEO/Manager: | Shawn M Hayes |
Chairperson: | Patrick Ida |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,480,814 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,668,291 |
Unsecured Loans | 9,269,313 |
Other Loans | 68,462,709 |
TOTAL LOANS | 94,400,313 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,218,345 |
Land And Building | 6,443,619 |
Other Fixed Assets | 516,057 |
NCUSIF Deposit | 1,407,856 |
All Other Assets | 0 |
TOTAL ASSETS | 161,349,663 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,684,388 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 43,147,126 |
Regular shares | 67,781,975 |
All Other Shares & Deposits | 35,281,015 |
TOTAL SHARES & DEPOSITS | 146,210,117 |
TOTAL LIABILITIES | 147,894,505 |
Regular Reserve | 0 |
Other Reserves | 1,770,638 |
Undivided Earnings | 11,684,520 |
TOTAL EQUITY | 13,455,158 |
TOTAL LIABILITIES, SHARES, & EQUITY | 161,349,663 |
INCOME & EXPENSE | |
Loan Income | 5,339,753 |
Investment Income | 1,010,437 |
Other Income | 812,520 |
Total Employee Compensation & Benefits | 3,302,323 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,265,769 |
Non-operating Income & (Expense) | 108,732 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 806,786 |
Cost of Funds | 395,711 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 718,065 |
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» See also Statement of Financial Condition