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TRI-TOWN TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2021 — TRI-TOWN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WESTPORT, CT with 1 branch location and about $28.26 million in total assets. Opened 67 years ago in 1955, TRI-TOWN TEACHERS FEDERAL CREDIT UNION has about 1,988 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:1,988
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$28,256,043
CEO/Manager:Shaun M Mee
Chairperson:Joyce S Gentilozzi

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,189,833
TOTAL INVESTMENTS 13,012
Loans Held for Sale 0
 
 Real Estate Loans 10,351,826
 Unsecured Loans 2,466,814
 Other Loans 909,247
 TOTAL LOANS 13,727,887
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -205,572
 Land And Building 248,568
 Other Fixed Assets 29,220
 NCUSIF Deposit 223,012
 All Other Assets 1,030,083
  TOTAL ASSETS 28,256,043
LIABILITIES & CAPITAL:  
 Dividends Payable 1,486
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 991,655
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,352,697
 Regular shares 16,485,489
 All Other Shares & Deposits 5,326,121
  TOTAL SHARES & DEPOSITS 25,164,307
  TOTAL LIABILITIES 26,157,448
 Regular Reserve 486,274
 Other Reserves 0
 Undivided Earnings 1,612,321
  TOTAL EQUITY 2,098,595
  TOTAL LIABILITIES, SHARES, & EQUITY 28,256,043
INCOME & EXPENSE  
 Loan Income 703,701
 Investment Income 7,632
 Other Income 118,347
 Total Employee Compensation & Benefits 361,846
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 416,627
 Non-operating Income & (Expense) 21,368
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,000
 Cost of Funds 108,604
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -91,553
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