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 |
| 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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