Mar, 31, 2021 — TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Enfield, CT with 1 branch location and about $60.41 million in total assets. Opened 85 years ago in 1936, TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION has about 3,511 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 182 South Rd Enfield, CT 06082-4454 |
| Phone: | (860) 253-4780 |
| Fax: | (860) 253-4785 |
| Website: | http://www.tvtfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,511 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1077 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jul 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,409,485 |
| CEO/Manager: | Lori L Triba |
| Chairperson: | Jack Kertenis III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,301,670 |
| TOTAL INVESTMENTS | 32,131,570 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,656,765 |
| Unsecured Loans | 2,717,506 |
| Other Loans | 3,479,494 |
| TOTAL LOANS | 16,853,765 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -123,580 |
| Land And Building | 387,902 |
| Other Fixed Assets | 64,197 |
| NCUSIF Deposit | 497,389 |
| All Other Assets | 296,572 |
| TOTAL ASSETS | 60,409,485 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,276 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 55,353 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,373,591 |
| Regular shares | 33,873,242 |
| All Other Shares & Deposits | 13,368,362 |
| TOTAL SHARES & DEPOSITS | 55,615,195 |
| TOTAL LIABILITIES | 55,688,824 |
| Regular Reserve | 577,150 |
| Other Reserves | 0 |
| Undivided Earnings | 4,143,511 |
| TOTAL EQUITY | 4,720,661 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,409,485 |
| INCOME & EXPENSE | |
| Loan Income | 199,669 |
| Investment Income | 116,177 |
| Other Income | 16,214 |
| Total Employee Compensation & Benefits | 146,824 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 173,548 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,982 |
| Cost of Funds | 16,934 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,079 |
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