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 |
| 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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