Dec, 31, 2020 — TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Enfield, CT with 1 branch location and about $56.51 million in total assets. Opened 85 years ago in 1936, TOBACCO VALLEY TEACHERS FEDERAL CREDIT UNION has about 3,526 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: | 3,526 |
| 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: | $56,506,090 |
| CEO/Manager: | Lori L Triba |
| Chairperson: | Jack Kertenis III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,340,638 |
| TOTAL INVESTMENTS | 29,988,570 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,213,473 |
| Unsecured Loans | 3,000,066 |
| Other Loans | 3,851,382 |
| TOTAL LOANS | 17,064,921 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,874 |
| Land And Building | 394,019 |
| Other Fixed Assets | 66,801 |
| NCUSIF Deposit | 497,389 |
| All Other Assets | 285,626 |
| TOTAL ASSETS | 56,506,090 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,846 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,561 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,731,199 |
| Regular shares | 30,040,835 |
| All Other Shares & Deposits | 13,963,067 |
| TOTAL SHARES & DEPOSITS | 51,735,101 |
| TOTAL LIABILITIES | 51,828,508 |
| Regular Reserve | 577,150 |
| Other Reserves | 0 |
| Undivided Earnings | 4,100,432 |
| TOTAL EQUITY | 4,677,582 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,506,090 |
| INCOME & EXPENSE | |
| Loan Income | 862,225 |
| Investment Income | 528,776 |
| Other Income | 294,048 |
| Total Employee Compensation & Benefits | 647,526 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 662,240 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,096 |
| Cost of Funds | 113,765 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 212,422 |
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