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 785th largest credit union in the nation. It was established in 1969 and as of June of 2024, it had grown to 121 employees and 37,935 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 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19401 |
| Year Chartered | 1969 |
| Employees | 121 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 7.81% |
| Annual Interest Income | $11.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $452.5MM$424.9MM |
| Loans | Q2 2024vs Q2 2023 | $348.3MM$313.9MM |
| Deposits | Q2 2024vs Q2 2023 | $388.6MM$376.2MM |
| Equity Capital | Q2 2024vs Q2 2023 | $33.9MM$29.2MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.5MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $833K$1.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$329K |