Tongass Federal Credit Union

A short history of Tongass FCU

Since its inception in 1963 the Tongass Federal Credit Union has been serving its members in the KETCHIKAN, Alaska area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Helen Mickel, the Tongass FCU has grown its membership to over 7,685 with assets of more than $73,447,984. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (907) 225-9063 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in KETCHIKAN, AK.

General Information For Tongass FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Compare Tongass Federal Credit Union To Other Local Credit Unions

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Tongass Federal Credit Union Financial Performance Charts

Financial Data

Tongass Federal Credit Union Lowest Loan Rates With State and USA Rankings

	Unsecured Credit Card	New Car Loans	Used Car Loans	1st Mortgage Loans	Other Real Estate
Rate	10.95	3.14	5.23	5.26	5.36
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	337	160	353	298	273
Rank Among All Alaska Credit Unions	6	6	7	9	6

Tongass Federal Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	N/A	0.10	0.15	1.00	1.08
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	N/A	129	124	174	149
Rank Among All Alaska Credit Unions	N/A	4	9	3	2

Tongass Federal Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	10.950	798	1,907,798
All Other Unsecured Loans/Lines of Credit	10.700	250	1,077,968
Short-Term, Small Amount Loans (STS) (Federal CU Only)	28.000	9	3,322
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	3.140	120	2,321,286
Used Vehicle Loans	5.230	837	8,049,345
Total 1st Mortgage Real Estate Loans/Lines of Credit	5.260	335	20,118,140
Total Other Real Estate Loans/Lines of Credit	5.360	77	2,653,747
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	5.880	311	11,412,610
TOTAL LOANS & LEASES		2,737	47,544,216

Tongass Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding

Amt of Loans Outstanding

No. of Loans Granted Year- to-Date

Amount Granted Year-To-Date

Fixed Rate
a. > 15 years	0	0	0	0
b. 15 Years or less	184	11,621,171	18	1,582,366
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	61	6,230,223	6	901,747
Other Fixed Rate	68	1,560,504	12	319,289
Adjustable Rate 1 yr or less	22	706,242	7	251,795
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	37	1,274,987	4	218,332
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	40	1,378,760	5	139,179
Open-End Fixed Rate	0	0	0	0
TOTALS	412	22,771,887	52	3,412,708

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

Tongass Federal Credit Union Member Offerings

First Time Homebuyer Program	Yes
Real Estate Loans	Yes
Pay Day Lending	No
Share Secured Credit Cards	Yes
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	Yes
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	Yes
Money Orders	Yes
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes