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TEANECK FEDERAL CREDIT UNION

Dec, 31, 2023 — TEANECK FEDERAL CREDIT UNION is a federal credit union headquartered in TEANECK, NJ with 1 branch location and about $15.71 million in total assets. Opened 87 years ago in 1937, TEANECK FEDERAL CREDIT UNION has about 1,019 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TEANECK FEDERAL CREDIT UNION
Address:
(Main Office)
100 ELIZABETH AVE
TEANECK, NJ 07666
Phone:(201) 837-1316
Fax:(201) 837-9522
Website:https://teaneckfcu.com
Branches:1 branch locations
Members:1,019
Credit Union Type:Federal Credit Union
Charter Number:2021
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$15,705,727
CEO/Manager:MARLA COMPA
Chairperson:JOHN DEAN

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,542,614
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,742,964
 Unsecured Loans 2,818,874
 Other Loans 893,939
 TOTAL LOANS 6,455,778
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -90,682
 Land And Building 0
 Other Fixed Assets 8,301
 NCUSIF Deposit 131,549
 All Other Assets 0
  TOTAL ASSETS 15,705,727
LIABILITIES & CAPITAL:  
 Dividends Payable 16,525
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,765
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,639,092
 Regular shares 8,904,322
 All Other Shares & Deposits 2,099,747
  TOTAL SHARES & DEPOSITS 13,643,159
  TOTAL LIABILITIES 13,666,449
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,039,278
  TOTAL EQUITY 2,039,278
  TOTAL LIABILITIES, SHARES, & EQUITY 15,705,727
INCOME & EXPENSE  
 Loan Income 311,092
 Investment Income 162,265
 Other Income 22,981
 Total Employee Compensation & Benefits 213,128
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 180,707
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,500
 Cost of Funds 37,702
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 45,108
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