Overview / Commentary
TEG Federal Credit Union is headquartered in Poughkeepsie and is the 37th largest credit union in the state of New York. It is also the 801st largest credit union in the nation. It was established in 1969 and as of June of 2023, it had grown to 113 employees and 37,380 members at 8 locations. TEG Federal Credit Union has a B health rating.
Field of Membership Restrictions
TEG Federal Credit Union is open to those who live, work, worship, or attend school in the New York counties of Ulster, Dutchess, or Orange, as well as their immediate family members. Membership also extends to members of the Dutchess County SPCA or the Child Care Council of Dutchess and Putnam Inc.
See current membership details
Related Posts
Health
B
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19401 |
| Year Chartered | 1969 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 5.92% |
| Annual Interest Income | $9.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $424.9MM$412.9MM |
| Loans | Q2 2023vs Q2 2022 | $313.9MM$275.7MM |
| Deposits | Q2 2023vs Q2 2022 | $376.2MM$379.9MM |
| Equity Capital | Q2 2023vs Q2 2022 | $29.2MM$25.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.3MM$1.6MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |