TRI-LAKES Credit Union Profile

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TRI-LAKES

Charter #23198 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (518) 891-1666

Fax: (518) 891-1797

Founding Date: N/A

Website: HTTP://WWW.TRILAKESFCU.COM

Personnel & Operations

President: Sayles, Peter

Manager: DeForest, Heather

FT Employees: 6

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 2

Hours: MONDAY - FRIDAY - LOBBY 8:30 - 5:00 DRIVE

Credit Union Profile Summary

TRI-LAKES is a FCU Credit Union. With a total of 2,165 members [1], this institution manages approximately $27,278,650 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 12.51% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.33% [1].

Financial Snapshot

Total Assets [1]
$27,278,650

Total economic resources.

Total Loans [1]
$12,465,049

Total value of outstanding loans.

Total Deposits [1]
$23,565,913

Total funds deposited by members.

Members [1]
2,165

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.51%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
2.02%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
52.89%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.45%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -2.33%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -0.55%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

197 BROADWAY

SARANAC LAKE, NY, 12983
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by TRI-LAKES (Charter #23198).

Main Office

Saranac Lake Main Office

Type: Corporate Office

197 Broadway

Saranac Lake, NY 12983

Phone: (518) 891-1666

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Lake Placid

Lake Placid

Type: Branch Office

453 Wesvalley Rd

Lake Placid, NY 12946-1371

Phone: (518) 523-2775

Services: Member Services, ATM

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