Dec, 31, 2023 — TRANSPORTATION FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 4 branch locations and about $270.43 million in total assets. Opened 85 years ago in 1939, TRANSPORTATION FEDERAL CREDIT UNION has about 14,371 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSPORTATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 Cameron St ALEXANDRIA, VA 22314 |
| Phone: | (202) 366-9400 |
| Fax: | (202) 385-6098 |
| Website: | https://www.transfcu.com |
| Branches: | 4 branch locations |
| Members: | 14,371 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3140 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $270,433,266 |
| CEO/Manager: | Mary Jane M Neusaenger |
| Chairperson: | Keith Washington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,530,518 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,114,052 |
| Unsecured Loans | 23,002,034 |
| Other Loans | 43,602,156 |
| TOTAL LOANS | 207,718,242 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,672,527 |
| Land And Building | 7,002,086 |
| Other Fixed Assets | 297,570 |
| NCUSIF Deposit | 2,386,717 |
| All Other Assets | 0 |
| TOTAL ASSETS | 270,433,266 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,563,253 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,978,014 |
| Regular shares | 78,372,851 |
| All Other Shares & Deposits | 103,037,023 |
| TOTAL SHARES & DEPOSITS | 238,387,888 |
| TOTAL LIABILITIES | 240,951,141 |
| Regular Reserve | 0 |
| Other Reserves | 391,869 |
| Undivided Earnings | 29,090,256 |
| TOTAL EQUITY | 29,482,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 270,433,266 |
| INCOME & EXPENSE | |
| Loan Income | 10,981,012 |
| Investment Income | 755,773 |
| Other Income | 977,946 |
| Total Employee Compensation & Benefits | 4,903,233 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,508,214 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 112,671 |
| Cost of Funds | 2,518,438 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,722,433 |
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