Dec, 31, 2023 — TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in ENFIELD, CT with 1 branch location and about $63.12 million in total assets. Opened 88 years ago in 1936, TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION has about 3,509 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 182 South Rd ENFIELD, CT 06082-4454 |
Phone: | (860) 253-4780 |
Fax: | (860) 253-4785 |
Website: | https://www.tvtfcu.org |
Branches: | 1 branch locations |
Members: | 3,509 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1077 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,123,768 |
CEO/Manager: | Lori L Triba |
Chairperson: | Abbey Kane |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,648,874 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,844,853 |
Unsecured Loans | 2,286,112 |
Other Loans | 3,613,008 |
TOTAL LOANS | 18,743,973 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -256,132 |
Land And Building | 320,611 |
Other Fixed Assets | 44,216 |
NCUSIF Deposit | 591,075 |
All Other Assets | 0 |
TOTAL ASSETS | 63,123,768 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 93,519 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 61,566 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,347,149 |
Regular shares | 33,194,613 |
All Other Shares & Deposits | 15,754,781 |
TOTAL SHARES & DEPOSITS | 57,296,543 |
TOTAL LIABILITIES | 57,451,628 |
Regular Reserve | 0 |
Other Reserves | 577,150 |
Undivided Earnings | 5,094,990 |
TOTAL EQUITY | 5,672,140 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,123,768 |
INCOME & EXPENSE | |
Loan Income | 942,325 |
Investment Income | 879,707 |
Other Income | 93,539 |
Total Employee Compensation & Benefits | 561,592 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 740,232 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,844 |
Cost of Funds | 288,071 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 523,143 |
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