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TRI-TOWN TEACHERS FEDERAL CREDIT UNION

Mar, 31, 2022 — TRI-TOWN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WESTPORT, CT with 1 branch location and about $27.83 million in total assets. Opened 67 years ago in 1955, TRI-TOWN TEACHERS FEDERAL CREDIT UNION has about 1,980 members and employs 4 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:1,980
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:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$27,834,854
CEO/Manager:Shaun M Mee
Chairperson:Joyce S Gentilozzi

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,202,523
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,045,289
 Unsecured Loans 2,245,715
 Other Loans 919,937
 TOTAL LOANS 13,210,941
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -141,024
 Land And Building 245,009
 Other Fixed Assets 75,835
 NCUSIF Deposit 223,012
 All Other Assets 0
  TOTAL ASSETS 27,834,854
LIABILITIES & CAPITAL:  
 Dividends Payable 415
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,008,518
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,789,950
 Regular shares 16,679,371
 All Other Shares & Deposits 5,251,188
  TOTAL SHARES & DEPOSITS 24,720,509
  TOTAL LIABILITIES 25,729,442
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,105,412
  TOTAL EQUITY 2,105,412
  TOTAL LIABILITIES, SHARES, & EQUITY 27,834,854
INCOME & EXPENSE  
 Loan Income 166,613
 Investment Income 2,575
 Other Income 26,937
 Total Employee Compensation & Benefits 80,760
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 102,520
 Non-operating Income & (Expense) 6,412
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 22,479
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,816
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