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 |
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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 |
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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 |
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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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