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Tongass Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.90%5-year CD60 Months Share Certificate
0.65%1-year CD12 to 23 Months Share Certificate
0.10%SavingsRegular Shares

Overview / Commentary
800-960-8328
2000 Tongass Ave
Ketchikan, AK 99901-6046

Tongass Federal Credit Union is headquartered in Ketchikan and is the 9th largest credit union in the state of Alaska. It is also the 1,941st largest credit union in the nation. It was established in 1963 and as of March of 2016, it had grown to 31 employees and 7,346 members at 4 locations. Tongass Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Revillagigedo Island, The Annette Island, The Wrangell-Petersburg Census Area, Prince of Wales Island and other communities.
See current membership details

Reviews (1)

TFCU Review

I have been a constant and consistent customer of TFCU for over 10 years. They were my first bank that i opened up a savings account, and were also the first back that i opened up a checking acct with a debit card! Their rates are really great, some of the highest i could find on this island! I was skeptical at first of joining a CU, but after the positive interactions i have had with tellers, managers and other folks in the community, i have had no regrets. They treat me like a valued customer, with smiles on their faces. The only thing that i could critique is that they should have a sign outdoors that points toward their ATM, otherwise some people might end up circling the building to find the ATM...not a fun thing to do in the rain!



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Tongass Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #15523
Year Chartered1963
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD9.24%
Annual Interest Income$661.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$70.1MM$65.4MM
LoansQ1 2016vs Q1 2015$41.6MM$41.1MM
DepositsQ1 2016vs Q1 2015$62.7MM$58.5MM
Equity CapitalQ1 2016vs Q1 2015$5.5MM$5.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$96.00K$105.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$116.00K$43.00K
Real Estate OwnedQ1 2016vs Q1 2015$12.00K$20.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Tongass Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Share
0.10%$25-Regular Shares
0.10%--Health Savings Account

Tongass Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Money Market Account
OTHER TIERS: 0.10% Up to $2,500 | 0.13% $2,500 - $10k | 0.14% $10k - $25k

Tongass Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%$500-60 Months Share Certificate
1.70%$500-48 to 59 Months Share Certificate
1.45%$500-36 to 47 Months Share Certificate
1.20%$500-24 to 35 Months Share Certificate
0.65%$500-12 to 23 Months Share Certificate
0.61%$50$2,5001 Month Savings Builder Certificate
0.35%$500-180 - 364 Days Share Certificate
0.30%$500-90 - 179 Days Share Certificate

Tongass Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Months IRA
1.55%$500-36 to 59 Months IRA
1.30%$500-24 to 35 Months IRA
0.70%$500-12 to 23 Months IRA
Locations


Tongass Federal Credit Union Locations
Branch Office2000 Tongass Ave Island News BuildingKetchikan, AK 99901
Branch Office2000 Tongass AveKetchikan, AK 99901-6046
Branch Office2106 Tongass AveKetchikan, AK 99901
Branch Office2000 Tongass Ave Milton Street MetlakatlaKetchikan, AK 99901