Jun, 30, 2024 — TORRINGTON MUNICIPAL AND TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in TORRINGTON, CT with 3 branch locations and about $80.64 million in total assets. Opened 65 years ago in 1960, TORRINGTON MUNICIPAL AND TEACHERS FEDERAL CREDIT UNION has about 10,073 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TORRINGTON MUNICIPAL AND TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 777 E Main St TORRINGTON, CT 06790-3915 |
| Phone: | (860) 489-2212 |
| Fax: | (860) 496-7024 |
| Website: | https://tmtfcu.org |
| Branches: | 3 branch locations |
| Members: | 10,073 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14003 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jul 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $80,639,190 |
| CEO/Manager: | Donna Marie A Battistoni |
| Chairperson: | Joseph Manes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,869,884 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,750,831 |
| Unsecured Loans | 3,017,669 |
| Other Loans | 20,396,418 |
| TOTAL LOANS | 30,164,918 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,970 |
| Land And Building | 909,436 |
| Other Fixed Assets | 69,095 |
| NCUSIF Deposit | 691,487 |
| All Other Assets | 0 |
| TOTAL ASSETS | 80,639,190 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,850 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 415,597 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,431,443 |
| Regular shares | 31,125,453 |
| All Other Shares & Deposits | 30,721,470 |
| TOTAL SHARES & DEPOSITS | 74,278,366 |
| TOTAL LIABILITIES | 74,705,813 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,933,377 |
| TOTAL EQUITY | 5,933,377 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 80,639,190 |
| INCOME & EXPENSE | |
| Loan Income | 1,200,415 |
| Investment Income | 378,752 |
| Other Income | 286,614 |
| Total Employee Compensation & Benefits | 727,267 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,076,368 |
| Non-operating Income & (Expense) | 348,832 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,657 |
| Cost of Funds | 87,802 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 508,905 |
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