Dec, 31, 2023 — ROME TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in ROME, NY with 2 branch locations and about $53.58 million in total assets. Opened 66 years ago in 1958, ROME TEACHERS FEDERAL CREDIT UNION has about 3,022 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ROME TEACHERS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 924 Turin St ROME, NY 13440 |
Phone: | (315) 336-7810 |
Fax: | (315) 336-0893 |
Website: | https://www.rtfcu.com |
Branches: | 2 branch locations |
Members: | 3,022 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12624 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $53,584,033 |
CEO/Manager: | Tracy M Worden |
Chairperson: | John C Vero |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,530,507 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,219,621 |
Unsecured Loans | 1,432,384 |
Other Loans | 12,040,443 |
TOTAL LOANS | 22,692,448 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,776 |
Land And Building | 725,769 |
Other Fixed Assets | 789,358 |
NCUSIF Deposit | 480,184 |
All Other Assets | 0 |
TOTAL ASSETS | 53,584,033 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 333,295 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,861,170 |
Regular shares | 34,241,328 |
All Other Shares & Deposits | 2,593,328 |
TOTAL SHARES & DEPOSITS | 46,695,826 |
TOTAL LIABILITIES | 47,029,121 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,554,912 |
TOTAL EQUITY | 6,554,912 |
TOTAL LIABILITIES, SHARES, & EQUITY | 53,584,033 |
INCOME & EXPENSE | |
Loan Income | 929,213 |
Investment Income | 975,037 |
Other Income | 55,766 |
Total Employee Compensation & Benefits | 565,978 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 946,357 |
Non-operating Income & (Expense) | 185,524 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,338 |
Cost of Funds | 63,180 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 528,687 |
↑ Back to Top |