Tongass Federal Credit Union is headquartered in Ketchikan and is the 5th largest credit union in the state of Alaska. It is also the 1,216th largest credit union in the nation. It was established in 1963 and as of June of 2024, it had grown to 79 employees and 13,564 members at 13 locations. Tongass Federal Credit Union has a B health rating.
Membership in Tongass Federal Credit Union is open to those who live or work in Prince of Wales-Hyder Census Area, Wrangell City and Borough, Petersburg Borough, Haines Borough, Hoonah-Angoon Census Area, Juneau City and Borough, Sitka City and Borough, Municipality of Skagway, Yakutat City and Borough, Valdez-Cordova Census Area, Kenai Peninsula Borough, or Kodiak Island Borough.
See current membership details
Overall | |
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NCUA # | 15523 |
Year Chartered | 1963 |
Employees | 79 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.08% |
Return on Equity - YTD | 0.96% |
Annual Interest Income | $5.6MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $215.2MM$220.1MM |
Loans | Q2 2024vs Q2 2023 | $148.8MM$145.3MM |
Deposits | Q2 2024vs Q2 2023 | $185.5MM$192.7MM |
Equity Capital | Q2 2024vs Q2 2023 | $17.4MM$14.2MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $428K$552K |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $716K$322K |
Real Estate Owned | Q2 2024vs Q2 2023 | $158K$0 |
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