Dec, 31, 2023 — YONKERS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in YONKERS, NY with 1 branch location and about $64.17 million in total assets. Opened 86 years ago in 1938, YONKERS TEACHERS FEDERAL CREDIT UNION has about 2,693 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | YONKERS TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Executive Blvd YONKERS, NY 10701 |
| Phone: | (914) 376-7088 |
| Fax: | (914) 376-7006 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 2,693 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2819 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $64,167,390 |
| CEO/Manager: | William Turner |
| Chairperson: | WILLIAM BODACK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,835,732 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,385,313 |
| Other Loans | 946,523 |
| TOTAL LOANS | 3,331,836 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,461 |
| Land And Building | 0 |
| Other Fixed Assets | 18,343 |
| NCUSIF Deposit | 553,414 |
| All Other Assets | 0 |
| TOTAL ASSETS | 64,167,390 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 122,832 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 55,781,153 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 55,781,153 |
| TOTAL LIABILITIES | 55,903,985 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,263,405 |
| TOTAL EQUITY | 8,263,405 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 64,167,390 |
| INCOME & EXPENSE | |
| Loan Income | 316,947 |
| Investment Income | 1,251,521 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 449,875 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 199,524 |
| Non-operating Income & (Expense) | 9,453 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 855,760 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 72,762 |
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