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TRI-TOWN TEACHERS FEDERAL CREDIT UNION

Jun, 30, 2021 — TRI-TOWN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WESTPORT, CT with 1 branch location and about $27.85 million in total assets. Opened 66 years ago in 1955, TRI-TOWN TEACHERS FEDERAL CREDIT UNION has about 1,998 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TRI-TOWN TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
61 JESUP RD
WESTPORT, CT 06880-4312
Phone:(203) 227-8511
Fax:(203) 227-0266
Website:http://www.tritownteachers.org
Branches:1 branch locations
Members:1,998
Credit Union Type:Federal Credit Union
Charter Number:10213
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$27,847,348
CEO/Manager:Shaun M Mee
Chairperson:Joyce S Gentilozzi

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,003,574
TOTAL INVESTMENTS 13,012
Loans Held for Sale 0
 
 Real Estate Loans 10,800,169
 Unsecured Loans 2,620,879
 Other Loans 1,011,550
 TOTAL LOANS 14,432,598
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -174,869
 Land And Building 255,684
 Other Fixed Assets 33,321
 NCUSIF Deposit 223,012
 All Other Assets 61,016
  TOTAL ASSETS 27,847,348
LIABILITIES & CAPITAL:  
 Dividends Payable 1,144
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 946,305
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,874,257
 Regular shares 16,216,235
 All Other Shares & Deposits 5,648,158
  TOTAL SHARES & DEPOSITS 24,738,650
  TOTAL LIABILITIES 25,686,099
 Regular Reserve 486,274
 Other Reserves 0
 Undivided Earnings 1,674,975
  TOTAL EQUITY 2,161,249
  TOTAL LIABILITIES, SHARES, & EQUITY 27,847,348
INCOME & EXPENSE  
 Loan Income 371,462
 Investment Income 2,031
 Other Income 58,559
 Total Employee Compensation & Benefits 189,370
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 196,171
 Non-operating Income & (Expense) 7,544
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 55,232
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,901
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