Overview / Commentary
TEG Federal Credit Union is headquartered in Poughkeepsie and is the 39th largest credit union in the state of New York. It is also the 810th largest credit union in the nation. It was established in 1969 and as of June of 2022, it had grown to 117 employees and 41,598 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
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Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19401 |
| Year Chartered | 1969 |
| Employees | 117 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 11.88% |
| Annual Interest Income | $7.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $412.9MM$393.3MM |
| Loans | Q2 2022vs Q2 2021 | $275.7MM$242.7MM |
| Deposits | Q2 2022vs Q2 2021 | $379.9MM$362.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $25.0MM$24.0MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.4MM$2.7MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.6MM$1.7MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |