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UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2020 — UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TINTON FALLS, NJ with 6 branch locations and about $310.61 million in total assets. Opened 54 years ago in 1967, UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION has about 24,219 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
205 HANCE AVE
TINTON FALLS, NJ 07724
Phone:(732) 530-8100
Fax:(732) 530-2027
Website:http://www.utfinancial.org
Branches:6 branch locations
Members:24,219
Credit Union Type:Federal Credit Union
Charter Number:18195
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Sep 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$310,613,138
CEO/Manager:LEO R ARDINE
Chairperson:RUTH A KLUIN

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 62,008,991
TOTAL INVESTMENTS 49,146,476
Loans Held for Sale 354,000
 
 Real Estate Loans 136,294,168
 Unsecured Loans 8,280,341
 Other Loans 51,588,149
 TOTAL LOANS 196,162,658
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,968,376
 Land And Building 1,631,167
 Other Fixed Assets 1,033,835
 NCUSIF Deposit 2,639,531
 All Other Assets 4,604,856
  TOTAL ASSETS 310,613,138
LIABILITIES & CAPITAL:  
 Dividends Payable 33,437
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 425,577
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 95,211,732
 Regular shares 104,140,639
 All Other Shares & Deposits 87,671,355
  TOTAL SHARES & DEPOSITS 287,023,726
  TOTAL LIABILITIES 287,482,740
 Regular Reserve 11,964,376
 Other Reserves 1,507,673
 Undivided Earnings 9,658,349
  TOTAL EQUITY 23,130,398
  TOTAL LIABILITIES, SHARES, & EQUITY 310,613,138
INCOME & EXPENSE  
 Loan Income 8,410,333
 Investment Income 1,017,057
 Other Income 2,912,740
 Total Employee Compensation & Benefits 4,671,004
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,743,523
 Non-operating Income & (Expense) -1,061,336
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 725,000
 Cost of Funds 540,796
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -401,529
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