Dec, 31, 2020 — TRI-TOWN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WESTPORT, CT with 1 branch location and about $26.68 million in total assets. Opened 66 years ago in 1955, TRI-TOWN TEACHERS FEDERAL CREDIT UNION has about 2,049 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: | 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: | 2,049 |
| 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: | $26,679,197 |
| CEO/Manager: | Shaun M Mee |
| Chairperson: | Joyce S Gentilozzi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,374,322 |
| TOTAL INVESTMENTS | 13,012 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,335,639 |
| Unsecured Loans | 2,858,644 |
| Other Loans | 1,232,476 |
| TOTAL LOANS | 16,426,759 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -142,133 |
| Land And Building | 263,437 |
| Other Fixed Assets | 37,838 |
| NCUSIF Deposit | 176,508 |
| All Other Assets | 529,454 |
| TOTAL ASSETS | 26,679,197 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 207 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 864,489 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,993,877 |
| Regular shares | 15,247,812 |
| All Other Shares & Deposits | 5,382,663 |
| TOTAL SHARES & DEPOSITS | 23,624,352 |
| TOTAL LIABILITIES | 24,489,048 |
| Regular Reserve | 486,274 |
| Other Reserves | 0 |
| Undivided Earnings | 1,703,875 |
| TOTAL EQUITY | 2,190,149 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,679,197 |
| INCOME & EXPENSE | |
| Loan Income | 842,206 |
| Investment Income | 6,941 |
| Other Income | 107,385 |
| Total Employee Compensation & Benefits | 420,533 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 407,247 |
| Non-operating Income & (Expense) | 25,150 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,000 |
| Cost of Funds | 112,036 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -18,134 |
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