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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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