Dec, 31, 2023 — TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in BELOIT, WI with 1 branch location and about $33.30 million in total assets. Opened 90 years ago in 1934, TEACHERS CREDIT UNION has about 2,131 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEACHERS CREDIT UNION |
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Address: (Main Office) | 2315 Prairie Ave BELOIT, WI 53511-2623 |
Phone: | (608) 362-8983 |
Fax: | (608) 362-6656 |
Website: | https://www.tcubeloit.org |
Branches: | 1 branch locations |
Members: | 2,131 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66877 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,299,318 |
CEO/Manager: | Amy Jacobson |
Chairperson: | Terry McCann |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,781,389 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,420,028 |
Unsecured Loans | 1,429,369 |
Other Loans | 5,492,047 |
TOTAL LOANS | 16,341,444 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,496 |
Land And Building | 164,149 |
Other Fixed Assets | 9,619 |
NCUSIF Deposit | 281,637 |
All Other Assets | 0 |
TOTAL ASSETS | 33,299,318 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,659 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 86,849 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,406,349 |
Regular shares | 19,133,709 |
All Other Shares & Deposits | 4,743,355 |
TOTAL SHARES & DEPOSITS | 29,283,413 |
TOTAL LIABILITIES | 29,384,921 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,914,397 |
TOTAL EQUITY | 3,914,397 |
TOTAL LIABILITIES, SHARES, & EQUITY | 33,299,318 |
INCOME & EXPENSE | |
Loan Income | 719,481 |
Investment Income | 492,595 |
Other Income | 35,163 |
Total Employee Compensation & Benefits | 339,531 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 554,618 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,203 |
Cost of Funds | 113,614 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 331,493 |
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